BMO Commercial Mortgage Securities FWP Free writing prospectus

		FREE WRITING PROSPECTUS
		FILED PURSUANT TO RULE 433
		REGISTRATION FILE NO.: 333-255934-01

BMO 2022-C1 Disclaimer

STATEMENT REGARDING THIS FREE WRITING PROSPECTUS

The depositor has filed a registration statement (including a prospectus) with the Securities and Exchange Commission (‘‘SEC’’) (SEC File No. 333-255934) for the offering to which this communication 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 Web site at www.sec.gov. Alternatively, the depositor or BMO Capital Markets Corp., any other underwriter, or any dealer participating in the offering will arrange to send you the prospectus after filing if you request it by calling toll free 1-866-864-7760 (8 a.m. – 5 p.m. EST).

Nothing in this document constitutes an offer of securities for sale in any jurisdiction where the offer or sale is not permitted. The information contained herein is preliminary as of the date hereof, supersedes any such information previously delivered to you and will be superseded by any such information subsequently delivered and ultimately by the final prospectus relating to the securities. These materials are subject to change, completion, supplement or amendment from time to time.

STATEMENT REGARDING ASSUMPTIONS AS TO SECURITIES, PRICING ESTIMATES AND OTHER INFORMATION

The attached information contains certain tables and other statistical analyses (the “Computational Materials”) which have been prepared in reliance upon information furnished by the Mortgage Loan Sellers. Numerous assumptions were used in preparing the Computational Materials, which may or may not be reflected herein. As such, no assurance can be given as to the Computational Materials’ accuracy, appropriateness or completeness in any particular context; or as to whether the Computational Materials and/or the assumptions upon which they are based reflect present market conditions or future market performance. The Computational Materials should not be construed as either projections or predictions or as legal, tax, financial or accounting advice. You should consult your own counsel, accountant and other advisors as to the legal, tax, business, financial and related aspects of a purchase of these securities. Any weighted average lives, yields and principal payment periods shown in the Computational Materials are based on prepayment and/or loss assumptions, and changes in such prepayment and/or loss assumptions may dramatically affect such weighted average lives, yields and principal payment periods. In addition, it is possible that prepayments or losses on the underlying assets will occur at rates higher or lower than the rates shown in the attached Computational Materials. The specific characteristics of the securities may differ from those shown in the Computational Materials due to differences between the final underlying assets and the preliminary underlying assets used in preparing the Computational Materials. The principal amount and designation of any security described in the Computational Materials are subject to change prior to issuance. None of BMO Capital Markets Corp., KeyBanc Capital Markets Inc., Deutsche Bank Securities, Inc., Bancroft Capital LLC, Drexel Hamilton, LLC or any of their respective affiliates, make any representation or warranty as to the actual rate or timing of payments or losses on any of the underlying assets or the payments or yield on the securities. The information in this presentation is based upon management forecasts and reflects prevailing conditions and management’s views as of this date, all of which are subject to change. In preparing this presentation, we have relied upon and assumed, without independent verification, the accuracy and completeness of all information available from public sources or which was provided to us by or on behalf of the Mortgage Loan Sellers or which was otherwise reviewed by us.

This free writing prospectus contains certain forward-looking statements. If and when included in this free writing prospectus, the words “expects”, “intends”, “anticipates”, “estimates” and analogous expressions and all statements that are not historical facts, including statements about our beliefs or expectations, are intended to identify forward-looking statements. Any forward-looking statements are made subject to risks and uncertainties which could cause actual results to differ materially from those stated. Those risks and uncertainties include, among other things, declines in general economic and business conditions, increased competition, changes in demographics, changes in political and social conditions, regulatory initiatives and changes in customer preferences, many of which are beyond our control and the control of any other person or entity related to this offering. The forward-looking statements made in this free writing prospectus are made as of the date stated on the cover. We have no obligation to update or revise any forward-looking statement.

IMPORTANT NOTICE REGARDING THE OFFERED CERTIFICATES

The information herein is preliminary and may be supplemented or amended prior to the time of sale.

In addition, the Offered Certificates referred to in these materials and the asset pool backing them are subject to modification or revision (including the possibility that one or more classes of certificates may be split, combined, or eliminated at any time prior to issuance or availability of a final prospectus) and are offered on a "when, as and if issued" basis.

The underwriters described in these materials may from time to time perform investment banking services for, or solicit investment banking business from, any company named in these materials. The underwriters and/or their affiliates or respective employees may from time to time have a long or short position in any security or contract discussed in these materials.

The information contained herein supersedes any previous such information delivered to any prospective investor and will be superseded by information delivered to such prospective investor prior to the time of sale.

IMPORTANT NOTICE RELATING TO AUTOMATICALLY-GENERATED EMAIL DISCLAIMERS

Any legends, disclaimers or other notices that may appear at the bottom of any 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) any representation that these materials are accurate or complete and may not be updated or (3) these materials possibly being confidential, are 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.

BMO 2022-C1 - 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 (%)

Loan

IPCC National Storage Portfolio XVI

5.3%

KeyBank

Group A

NAP

Various

Self Storage

Various

1,133,018

103.26

60,000,000

3.62800%

0.02031%

3.60769%

NAP

183,919.44

NAP

2,207,033.28

Interest Only

Actual/360

120

119

120

119

12/16/2021

2/1/2022

NAP

1/1/2032

L(25),YM1(92),O(3)

15,240,038

5,656,301

9,583,737

10/31/2021

T-12

13,394,729

5,507,273

7,887,456

12/31/2020

T-12

NAV

86.4%

16,218,302

6,202,684

10,015,618

180,751

9,834,867

2.33

2.29

8.6%

8.4%

244,900,000

As Portfolio

Various

47.8%

93.1%

11/17/2021

Springing

246,500

Springing

246,500

486,615

Flood Insurance Reserve

NAP

None

Springing

Yes

60,000,000

57,000,000

174,723.48

358,642.92

NAP

117,000,000

358,642.92

47.8%

2.29

8.6%

NAP

Inland Private Capital Corporation

Yes

Acquisition

117,000,000

135,299,554

252,299,554

243,118,000

2,474,039

733,115

5,974,400

252,299,554

NAP

1.01

Property

Crestwood Boulevard

0.6%

11.2%

2300 Crestwood Boulevard and 509 25th Street South

Irondale

Jefferson

35210

Self Storage

1954

2021

128,046

6,749,853

1,499,423

449,199

1,050,224

10/31/2021

T-12

1,378,873

434,771

944,102

12/31/2020

T-12

NAV

74.2%

1,588,764

469,663

1,119,101

14,500

1,104,601

27,200,000

As Is

11/24/2021

82.7%

11/17/2021

NAP

12/6/2021

NAP

12/16/2021

NAP

Fee

NAP

1.02

Property

Hallmark Drive

0.5%

8.8%

2080 Hallmark Drive

Sacramento

95825

Self Storage

1974

NAP

72,706

5,306,448

�� 5,306,448

5,306,448

1,378,030

463,814

914,216

10/31/2021

T-12

1,168,231

461,661

706,570

12/31/2020

T-12

NAV

88.4%

1,475,999

584,454

891,545

11,233

880,311

20,670,000

As Is

11/17/2021

95.5%

11/17/2021

NAP

12/6/2021

NAP

11/22/2021

10/29/2021

Yes - AE

Fee

NAP

1.03

Property

Gray Road

0.4%

6.6%

50 Gray Road

Falmouth

Cumberland

04105

Self Storage

2015-2017

NAP

65,125

3,932,696

903,221

299,392

603,829

10/31/2021

T-12

778,849

285,259

493,590

12/31/2020

T-12

NAV

91.3%

959,134

309,113

650,021

6,513

643,508

11,700,000

As Is

11/5/2021

93.2%

11/17/2021

NAP

12/6/2021

NAP

11/17/2021

NAP

Yes - A

Fee

NAP

1.04

Property

Marconi Avenue

0.3%

6.5%

4111 Marconi Avenue

Sacramento

95821

Self Storage

1964

2014

51,739

3,920,992

1,057,454

342,041

715,413

10/31/2021

T-12

937,962

320,448

617,514

12/31/2020

T-12

NAV

92.3%

1,116,024

471,788

644,237

9,833

634,403

16,390,000

As Is

11/17/2021

97.4%

11/17/2021

NAP

12/6/2021

NAP

11/22/2021

10/29/2021

Fee

NAP

1.05

Property

Ocean Gateway

0.3%

6.2%

11906 Ocean Gateway

Ocean City

Worcester

21842

Self Storage

1988, 1995, 1996, 1999, 2001

NAP

63,650

3,707,996

785,194

227,789

557,405

10/31/2021

T-12

625,309

228,807

396,502

12/31/2020

T-12

NAV

85.8%

856,474

238,666

617,808

11,123

606,685

11,620,000

As Is

11/15/2021

93.0%

11/17/2021

NAP

12/6/2021

NAP

11/22/2021

NAP

Fee

NAP

1.06

Property

Amity Road

0.3%

6.0%

420 Amity Road

Harrisburg

Dauphin

17111

Self Storage

1972, 1990

2008

58,432

3,606,176

876,627

328,888

547,739

10/31/2021

T-12

755,718

322,760

432,958

12/31/2020

T-12

NAV

89.9%

942,878

341,577

601,301

14,263

587,038

12,750,000

As Is

11/5/2021

95.0%

11/17/2021

NAP

12/6/2021

NAP

11/17/2021

NAP

Fee

NAP

1.07

Property

Gladstell Road

0.3%

5.8%

810 Gladstell Road

Conroe

Montgomery

77304

Self Storage

1997

NAP

66,575

3,496,989

895,783

333,177

562,606

10/31/2021

T-12

816,995

314,662

502,333

12/31/2020

T-12

NAV

89.0%

955,908

347,483

608,425

14,217

594,208

10,600,000

As Is

11/4/2021

89.4%

11/17/2021

NAP

12/6/2021

NAP

11/17/2021

NAP

Fee

NAP

1.08

Property

US Route One

0.3%

5.5%

430 US Route 1

Falmouth

Cumberland

04105

Self Storage

2016-2018

NAP

46,925

3,303,204

764,230

259,506

504,724

10/31/2021

T-12

649,460

251,579

397,881

12/31/2020

T-12

NAV

93.5%

816,556

265,894

550,662

4,700

545,962

9,650,000

As Is

11/5/2021

93.9%

11/17/2021

NAP

12/6/2021

NAP

11/17/2021

NAP

Fee

NAP

1.09

Property

Farm to Market 1093

0.3%

5.5%

23110 Farm to Market 1093

Richmond

Fort Bend

77406

Self Storage

2002

NAP

74,606

3,298,758

844,042

355,765

488,277

10/31/2021

T-12

740,248

337,529

402,719

12/31/2020

T-12

NAV

89.6%

925,808

383,041

542,767

7,750

535,017

9,800,000

As Is

11/17/2021

95.2%

11/17/2021

NAP

12/6/2021

NAP

11/17/2021

NAP

Fee

NAP

1.10

Property

Meade Avenue

0.3%

4.8%

3333 Meade Avenue

Las Vegas

Clark

89102

Self Storage

1978

NAP

57,274

2,909,414

660,831

234,287

426,544

10/31/2021

T-12

507,352

215,477

291,875

12/31/2020

T-12

NAV

72.9%

725,924

238,807

487,117

13,548

473,569

13,080,000

As Is

11/10/2021

91.6%

11/17/2021

NAP

12/6/2021

NAP

11/17/2021

NAP

Fee

NAP

1.11

Property

Camp Horne

0.3%

4.8%

180 Camp Horne Road

Pittsburgh

Allegheny

15202

Self Storage

2003

NAP

52,194

2,908,931

691,514

219,710

471,804

10/31/2021

T-12

636,092

202,942

433,150

12/31/2020

T-12

NAV

86.7%

710,802

220,417

490,385

12,752

477,633

9,470,000

As Is

11/12/2021

97.2%

11/17/2021

NAP

12/6/2021

NAP

11/17/2021

NAP

Yes - AE

Fee

NAP

1.12

Property

Hazel Avenue

0.3%

4.7%

6108 Hazel Avenue

Orangevale

Sacramento

95662

Self Storage

1989

NAP

44,062

2,823,574

774,972

275,452

499,520

10/31/2021

T-12

702,381

274,787

427,594

12/31/2020

T-12

NAV

87.7%

809,758

350,387

459,371

4,850

454,521

11,820,000

As Is

11/17/2021

92.3%

11/17/2021

NAP

12/6/2021

NAP

11/19/2021

10/29/2021

Fee

NAP

1.13

Property

Hoover Court

0.2%

4.5%

1945 Hoover Court

Birmingham

Jefferson

35226

Self Storage

1959

2016

41,412

2,718,431

729,565

307,805

421,760

10/31/2021

T-12

647,467

281,120

366,347

12/31/2020

T-12

NAV

79.6%

767,211

308,976

458,235

7,638

450,597

9,140,000

As Is

11/9/2021

92.2%

11/17/2021

NAP

12/6/2021

NAP

12/15/2021

NAP

Fee

NAP

1.14

Property

Highway 6 North

0.2%

4.5%

6610 Highway 6 North

Houston

Harris

77084

Self Storage

1981

NAP

68,012

2,676,310

788,578

398,581

389,997

10/31/2021

T-12

686,845

438,482

248,363

12/31/2020

T-12

NAV

90.2%

848,930

400,298

448,632

9,867

438,765

8,600,000

As Is

11/17/2021

95.4%

11/17/2021

NAP

12/6/2021

NAP

11/17/2021

NAP

Fee

NAP

1.15

Property

Farm to Market 725

0.2%

4.0%

2975 Farm to Market 725

New Braunfels

Guadalupe

78130

Self Storage

1984, 1985, 1995, 1997, 2017

NAP

67,300

2,406,981

650,317

254,627

395,690

10/31/2021

T-12

590,672

251,879

338,793

12/31/2020

T-12

NAV

89.2%

681,792

276,045

405,747

6,730

399,017

7,700,000

As Is

11/4/2021

96.1%

11/17/2021

NAP

12/6/2021

NAP

11/18/2021

NAP

Fee

NAP

1.16

Property

Hidden Hill Road

0.2%

2.8%

175 Hidden Hill Road

Spartanburg

29301

Self Storage

2003

2016

54,100

1,700,646

518,666

184,230

334,436

10/31/2021

T-12

462,145

202,161

259,984

12/31/2020

T-12

NAV

89.2%

549,388

264,403

284,985

5,500

279,485

5,320,000

As Is

11/19/2021

94.6%

11/17/2021

NAP

12/6/2021

NAP

11/29/2021

NAP

Fee

NAP

1.17

Property

Arndt Road

0.1%

2.8%

150 Arndt Road

Pittsburgh

Allegheny

15237

Self Storage

2007

2010

30,350

1,676,673

407,314

137,196

270,118

10/31/2021

T-12

379,073

160,401

218,672

12/31/2020

T-12

NAV

89.1%

420,424

139,157

281,267

3,033

278,233

6,050,000

As Is

11/12/2021

93.7%

11/17/2021

NAP

12/6/2021

NAP

11/17/2021

NAP

Fee

NAP

1.18

Property

East Rosedale Street

0.1%

2.4%

6465 & 6485 East Rosedale Street and 1054, 1070, 1074, & 1076 South Erie Street

Fort Worth

Tarrant

76112

Self Storage

1972

2015

41,935

1,469,514

553,725

285,942

267,783

10/31/2021

T-12

518,752

258,611

260,141

12/31/2020

T-12

NAV

85.7%

575,446

331,624

243,822

15,077

228,745

6,090,000

As Is

11/17/2021

98.6%

11/17/2021

NAP

12/6/2021

NAP

12/9/2021

NAP

Fee

NAP

1.19

Property

Grisham Drive

0.1%

2.3%

5250 Grisham Drive

Rowlett

Dallas

75088

Self Storage

1981

NAP

48,575

1,386,414

460,552

298,900

161,652

10/31/2021

T-12

412,305

263,937

148,368

12/31/2020

T-12

NAV

94.3%

491,082

260,890

230,192

7,625

222,567

4,760,000

As Is

11/17/2021

96.8%

11/17/2021

NAP

12/6/2021

NAP

12/9/2021

NAP

Fee

NAP

Loan

360 Rosemary

4.0%

100.0%

BMO

NAP

360 South Rosemary Avenue

West Palm Beach

Palm Beach

33401

Office

CBD

2021

NAP

313,002

271.56

45,000,000

3.95000%

0.01156%

3.93844%

NAP

150,182.29

NAP

1,802,187.48

Interest Only

Actual/360

120

1/18/2022

3/6/2022

NAP

2/6/2032

YM3(24),DorYM3(89),O(7)

NAV

95.0%

23,655,523

8,490,851

15,164,673

46,950

313,002

14,804,720

4.45

4.35

17.8%

17.4%

319,000,000

As Stabilized

12/1/2023

26.6%

95.9%

12/1/2021

New Day

56,048

17.9%

12/31/2032

Goldman Sachs

39,757

12.7%

9/30/2032

Comvest

39,119

12.5%

3/31/2033

Elliott Mgmt

26,662

8.5%

9/30/2033

Related Southeast

17,707

5.7%

7/31/2032

12/6/2021

NAP

12/6/2021

NAP

Fee

NAP

Springing

45,498,551

Unfunded Obligations Reserve ($42,779,553), Base Building Reserve ($2,718,997.83)

NAP

Hard

Springing

Yes

45,000,000

40,000,000

133,495.37

283,677.66

�� 125,000,000

3.95000%

210,000,000

700,850.69

65.8%

1.76

7.2%

NAP

The Related Companies, L.P.

Refinance

85,000,000

125,000,000

210,000,000

110,495,605

6,129,189

45,498,551

47,876,656

210,000,000

NAP

Loan

HTI MOB Portfolio

3.8%

BMO

NAP

Various

Office

Medical

Various

232,854

183.59

42,750,000

2.89000%

0.01156%

2.87844%

NAP

104,386.20

NAP

1,252,634.40

Interest Only

Actual/360

120

118

120

118

11/15/2021

1/6/2022

NAP

12/6/2031

L(11),YM1(15),DorYM1(89),O(5)

7,414,130

2,010,191

5,403,939

9/30/2021

T-12

5,948,768

1,912,706

4,036,062

12/31/2020

T-12

5,646,939

1,886,276

3,760,663

12/31/2019

T-12

94.1%

7,216,575

2,300,528

4,916,047

46,571

116,427

4,753,049

3.92

3.79

11.5%

11.1%

77,000,000

As Is

Various

55.5%

96.5%

Various

69,316

Springing

3,881

93,142

2,000,000

Springing

144,432

372,918

Outstanding TI/LC Reserve ($366,116.88), Ground Rent Reserve ($6,801)

NAP

Hard

Springing

Yes

NAP

Healthcare Trust Operating Partnership, L.P.

Recapitalization

42,750,000

200,000

42,950,000

36,973,657

3,458,993

2,517,350

42,950,000

NAP

3.01

Property

Madison Medical Plaza

1.1%

29.2%

301 North Madison Street

Joliet

Will

60431

Office

Medical

2006

NAP

70,023

12,476,830

2,170,251

659,194

1,511,057

9/30/2021

T-12

2,205,291

699,948

1,505,343

12/31/2020

T-12

1,834,195

605,132

1,229,063

12/31/2019

T-12

93.9%

2,185,923

662,873

1,523,049

14,005

35,012

1,474,033

24,050,000

As Is

8/30/2021

93.8%

10/19/2021

DuPage Medical Group RE

15,047

21.5%

12/31/2022

Surgery Center of Joliet

13,757

19.6%

12/31/2025

Provena Neuro

7,840

11.2%

12/31/2026

Presence Primary Care

7,723

11.0%

3/26/2025

Provena OB/Pediatrics

6,258

8.9%

9/19/2023

9/10/2021

NAP

9/10/2021

NAP

Leasehold

4/15/2053

4, 10-year extension options

75,900

NAP

3.02

Property

Dyer Building

0.5%

14.4%

919 Main Street

Dyer

Lake

46311

Office

Medical

1998

2012

26,540

6,143,443

1,068,938

245,913

823,025

9/30/2021

T-12

1,065,263

213,561

851,703

12/31/2020

T-12

1,050,893

214,032

836,860

12/31/2019

T-12

95.0%

922,067

238,898

683,169

5,308

13,270

664,591

11,500,000

As Is

9/8/2021

100.0%

11/15/2021

Yes

Franciscan Medical Specialists

26,540

100.0%

9/30/2027

NAP

9/10/2021

NAP

9/10/2021

NAP

Fee

NAP

3.03

Property

Texas Children's Hospital

0.4%

10.7%

5614-5630 East Sam Houston Parkway North

Houston

Harris

77015

Office

Medical

2006

NAP

24,075

4,589,925

926,217

321,837

604,380

9/30/2021

T-12

795,529

253,886

541,644

12/31/2020

T-12

750,663

340,620

410,043

12/31/2019

T-12

90.4%

801,767

356,738

445,029

4,815

12,038

428,176

7,400,000

As Is

8/26/2021

90.4%

10/19/2021

Texas Children's Pediatrics

9,000

37.4%

11/30/2022

Diagnostic Radiology

4,350

18.1%

12/31/2024

Houston Eye Associates

2,796

11.6%

7/31/2027

Smiles of Northshore

2,250

9.3%

4/30/2028

Tru Med Pharmacy

1,875

7.8%

9/30/2027

9/10/2021

NAP

9/10/2021

NAP

Fee

NAP

3.04

Property

Aurora Health Center

0.4%

9.3%

3305 South 20th Street

Milwaukee

53215

Office

Medical

2000

NAP

25,466

3,983,922

843,122

397,290

445,832

9/30/2021

T-12

827,300

380,186

447,114

12/31/2020

T-12

980,497

348,821

631,676

12/31/2019

T-12

94.5%

880,241

422,013

458,228

5,093

12,733

440,402

6,300,000

As Is

9/2/2021

94.4%

10/19/2021

Lakeshore Medical Clinic

14,586

57.3%

12/31/2026

Wisconsin Surgery Center LLC

9,444

37.1%

11/30/2026

NAP

9/13/2021

NAP

9/10/2021

NAP

Fee

NAP

3.05

Property

Fort Wayne Engle Road

0.3%

9.2%

7232 Engle Road

Fort Wayne

Allen

46804

Office

Medical

1997

NAP

20,800

3,922,592

507,444

6,968

500,476

9/30/2021

T-12

NAV

95.0%

457,444

4,160

10,400

442,884

7,300,000

As Is

9/1/2021

100.0%

11/15/2021

Yes

Ophthalmology Consultants of Fort Wayne

20,800

100.0%

12/31/2030

NAP

6/4/2021

NAP

5/26/2021

NAP

Fee

NAP

3.06

Property

Hefner Pointe

0.3%

9.0%

11101 Hefner Pointe Drive

Oklahoma City

Oklahoma

73120

Office

Medical

1998

NAP

26,651

3,830,817

731,648

169,328

562,320

9/30/2021

T-12

768,012

337,151

430,861

12/31/2020

T-12

744,558

345,925

398,633

12/31/2019

T-12

95.0%

787,709

325,103

462,606

5,330

13,326

443,950

6,950,000

As Is

8/30/2021

100.0%

10/19/2021

Integris Medical Group

11,991

45.0%

3/31/2026

Medic Pharmacy

3,635

13.6%

7/31/2028

Tim Love, M.D., P.C.

3,274

12.3%

5/31/2028

Brian Prince, D.D.S.

3,166

11.9%

9/30/2027

Lakeside Women's Center

2,383

8.9%

6/30/2024

6/22/2021

NAP

6/14/2021

NAP

Fee

NAP

3.07

Property

Circleville MOB

0.3%

8.3%

140 Morris Road

Circleville

Pickaway

43113

Office

Medical

2005

NAP

19,888

3,556,379

615,608

163,817

451,791

9/30/2021

T-12

NAV

95.0%

554,011

145,784

408,227

3,978

9,944

394,305

6,200,000

As Is

9/7/2021

100.0%

10/19/2021

OhioHealth

10,464

52.6%

1/31/2025

Adena Health System

9,424

47.4%

11/30/2026

NAP

9/9/2021

NAP

9/10/2021

NAP

Fee

NAP

3.08

Property

Illinois CancerCenter

0.2%

5.4%

336 Home Boulevard

Galesburg

Knox

61401

Office

Medical

2014

NAP

9,211

2,322,513

307,334

42,508

264,826

9/30/2021

T-12

287,372

27,976

259,397

12/31/2020

T-12

286,133

31,746

254,387

12/31/2019

T-12

95.0%

403,088

149,118

253,971

1,842

4,606

247,523

3,700,000

As Is

9/2/2021

100.0%

11/15/2021

Yes

ICC

9,211

100.0%

8/31/2024

NAP

9/10/2021

NAP

9/10/2021

NAP

Fee

NAP

3.09

Property

Fort Wayne Dupont

0.2%

4.5%

10186 East Dupont Circle Drive

Fort Wayne

Allen

46825

Office

Medical

2012

NAP

10,200

1,923,579

243,568

3,336

240,232

9/30/2021

T-12

NAV

95.0%

224,324

2,040

5,100

217,184

3,600,000

As Is

9/1/2021

100.0%

11/15/2021

Yes

Ophthalmology Consultants of Fort Wayne

10,200

100.0%

12/31/2030

NAP

6/4/2021

NAP

5/26/2021

NAP

Fee

NAP

Loan

Coleman Highline Phase IV

3.7%

100.0%

BMO, Barclays

BMO

NAP

1189, 1193, and 1199 Coleman Avenue

San Jose

Santa Clara

95110

Office

CBD

2021

NAP

657,934

372.38

41,400,000

2.49450%

0.02231%

2.47219%

NAP

87,255.53

NAP

1,047,066.36

Interest Only - ARD

Yes

Actual/360

12/1/2021

1/6/2022

NAP

12/6/2026

4/6/2032

L(26),DorYM1(29),O(5)

NAV

100.0%

48,187,868

13,726,489

34,461,379

131,587

34,329,793

5.56

5.54

14.1%

14.0%

790,000,000

As Is

11/8/2021

31.0%

100.0%

12/1/2021

Yes

Oath Holdings Inc.

657,934

100.0%

4/30/2037

NAP

10/7/2021

NAP

10/18/2021

10/5/2021

Fee

NAP

Springing

263,174

Springing

10,790,118

Springing

Oath Holdings Free Rent Reserve (Upfront: $10,790,117.60), Specified Tenant Rollover Reserve (Monthly: Springing)

NAP

Hard

Springing

Yes

41,400,000

203,600,000

429,111.74

516,367.27

268,500,000

2.49450%

513,500,000

1,082,263.65

65.0%

2.64

6.7%

NAP

AGC Equity Partners Investments Ltd.

NAP

Acquisition

245,000,000

291,039,125

268,500,000

804,539,125

780,000,000

13,749,008

10,790,118

804,539,125

NAP

Loan

AMF Portfolio

3.6%

BMO, SMC

BMO/SMC

NAP

Various

Multifamily

Garden

Various

NAP

3,299

Units

52,137.01

40,000,000

37,147,675

3.72381%

0.01156%

3.71225%

203,691.86

125,850.99

2,444,302.32

1,510,211.88

Interest Only, Amortizing Balloon

Actual/360

120

117

360

10/29/2021

12/6/2021

10/6/2028

11/6/2031

L(27),D(88),O(5)

29,391,201

12,337,066

17,054,135

8/31/2021

T-12

28,063,539

12,027,904

16,035,635

12/31/2020

T-12

26,862,124

11,568,102

15,294,022

12/31/2019

T-12

89.1%

29,391,201

12,485,963

16,905,238

989,700

15,915,538

1.61

1.51

9.8%

9.3%

280,625,000

As Is

Various

61.3%

56.9%

94.7%

9/3/2021

715,487

168,641

403,757

100,786

500,000

82,475

756,042

NAP

Soft

Springing

Yes

40,000,000

132,000,000

672,183.13

875,874.99

NAP

172,000,000

875,874.99

61.3%

1.51

9.8%

13,000,000

6.67228249742403%

185,000,000

875,874.99

65.9%

1.51

9.1%

NAP

Arbor Realty Sr, Inc.

Refinance

172,000,000

13,000,000

185,000,000

173,659,728

4,984,024

2,375,286

3,980,961

185,000,000

NAP

5.01

Property

Cambridge Commons

0.2%

7.0%

4964 Oakhurst Drive

Indianapolis

Marion

46254

Multifamily

Garden

1985

NAP

235

Units

2,791,822

2,592,743

1,963,631

802,175

1,161,456

8/31/2021

T-12

1,892,978

784,573

1,108,405

12/31/2020

T-12

1,799,367

788,600

1,010,767

12/31/2019

T-12

85.8%

1,963,631

794,613

1,169,018

70,500

1,098,518

20,500,000

As Is

9/30/2021

94.0%

9/3/2021

NAP

10/1/2021

NAP

10/1/2021

NAP

Fee

NAP

5.02

Property

Indian Lake I

0.2%

6.2%

100 Indian Lake Drive

Morrow

Clayton

30260

Multifamily

Garden

1987

NAP

243

Units

2,478,569

2,301,827

2,100,230

984,683

1,115,547

8/31/2021

T-12

2,081,870

952,926

1,128,944

12/31/2020

T-12

2,009,251

886,564

1,122,687

12/31/2019

T-12

82.1%

2,100,230

1,023,697

1,076,533

72,900

1,003,633

19,100,000

As Is

9/30/2021

90.5%

9/3/2021

NAP

10/1/2021

NAP

10/1/2021

NAP

Fee

NAP

5.03

Property

Stewart Way 1

0.2%

5.7%

302 West General Stewart Way

Hinesville

Liberty

31313

Multifamily

Garden

1986

NAP

190

Units

2,299,067

2,135,125

1,679,261

712,040

967,221

8/31/2021

T-12

1,582,384

714,861

867,523

12/31/2020

T-12

1,711,547

677,696

1,033,851

12/31/2019

T-12

77.5%

1,679,261

706,017

973,244

57,000

916,244

16,800,000

As Is

9/23/2021

90.5%

9/3/2021

NAP

10/1/2021

NAP

10/1/2021

NAP

Fee

NAP

5.04

Property

Cedargate Lancaster

0.2%

5.1%

1410 Sheridan Drive

Lancaster

Fairfield

43130

Multifamily

Garden

1972, 1984

NAP

157

Units

2,027,154

1,882,602

1,374,599

541,089

833,510

8/31/2021

T-12

1,336,301

535,140

801,161

12/31/2020

T-12

1,309,462

554,187

755,275

12/31/2019

T-12

92.2%

1,374,599

527,836

846,763

47,100

799,663

14,000,000

As Is

9/29/2021

94.3%

9/3/2021

NAP

10/1/2021

NAP

10/1/2021

NAP

Fee

NAP

5.05

Property

Amesbury

0.2%

4.7%

3155 Harshman Drive

Reynoldsburg

Franklin

43068

Multifamily

Garden

1986

NAP

149

Units

1,893,782

1,758,740

1,238,834

436,625

802,209

8/31/2021

T-12

1,205,362

451,557

753,805

12/31/2020

T-12

1,097,000

461,068

635,932

12/31/2019

T-12

91.2%

1,238,834

444,739

794,096

44,700

749,396

13,900,000

As Is

9/29/2021

93.3%

9/3/2021

NAP

10/1/2021

NAP

10/1/2021

NAP

Fee

NAP

5.06

Property

Red Deer

0.2%

4.5%

2202 Roseanne Court

Fairborn

Greene

45324

Multifamily

Garden

1986

NAP

131

Units

1,799,556

1,671,233

1,204,782

445,945

758,837

8/31/2021

T-12

1,155,637

426,465

729,172

12/31/2020

T-12

1,070,942

429,003

641,939

12/31/2019

T-12

90.8%

1,204,782

448,710

756,072

39,300

716,772

12,200,000

As Is

9/25/2021

95.4%

9/3/2021

NAP

10/1/2021

NAP

10/1/2021

NAP

Fee

NAP

5.07

Property

Olivewood

0.2%

4.3%

2069 Olivewood Drive

Indianapolis

Marion

46219

Multifamily

Garden

1985

NAP

128

Units

1,708,825

1,586,972

1,157,352

431,606

725,746

8/31/2021

T-12

1,100,912

414,535

686,377

12/31/2020

T-12

1,042,402

424,312

618,090

12/31/2019

T-12

90.8%

1,157,352

440,764

716,588

38,400

678,188

11,800,000

As Is

9/30/2021

95.3%

9/3/2021

NAP

10/1/2021

NAP

10/1/2021

NAP

Fee

NAP

5.08

Property

Cherry Glen

0.2%

4.2%

2760 Cherry Glen Way

Indianapolis

Marion

46227

Multifamily

Garden

1986

NAP

137

Units

1,688,788

1,568,364

1,214,014

509,399

704,615

8/31/2021

T-12

1,165,922

518,116

647,806

12/31/2020

T-12

1,059,922

478,274

581,648

12/31/2019

T-12

90.6%

1,214,014

505,671

708,343

41,100

667,243

11,100,000

As Is

9/30/2021

94.9%

9/3/2021

NAP

10/1/2021

NAP

10/1/2021

NAP

Fee

NAP

5.09

Property

Plumwood

0.1%

4.1%

1050 Plumrose Drive

Columbus

Franklin

43228

Multifamily

Garden

1977

NAP

143

Units

1,631,563

1,515,220

1,250,654

544,217

706,437

8/31/2021

T-12

1,163,134

516,673

646,461

12/31/2020

T-12

1,139,983

484,415

655,568

12/31/2019

T-12

84.2%

1,250,654

555,293

695,361

42,900

652,461

12,600,000

As Is

9/27/2021

91.6%

9/3/2021

NAP

10/1/2021

NAP

10/1/2021

NAP

Fee

NAP

5.10

Property

Camelia Court

0.1%

4.0%

4542 Kalida Avenue

Dayton

Montgomery

45424

Multifamily

Garden

1982

NAP

110

Units

1,588,432

1,475,164

995,257

333,090

662,167

8/31/2021

T-12

912,868

339,199

573,669

12/31/2020

T-12

876,083

327,605

548,478

12/31/2019

T-12

92.7%

995,257

331,204

664,053

33,000

631,053

9,400,000

As Is

9/27/2021

95.5%

9/3/2021

NAP

10/1/2021

NAP

10/1/2021

NAP

Fee

NAP

5.11

Property

Cedargate

0.1%

3.7%

701 North Union Road

Clayton

Montgomery

45315

Multifamily

Garden

1984

NAP

130

Units

1,484,860

1,378,978

1,155,322

508,367

646,955

8/31/2021

T-12

1,111,194

488,762

622,432

12/31/2020

T-12

1,029,084

476,025

553,059

12/31/2019

T-12

93.6%

1,155,322

523,031

632,291

39,000

593,291

10,700,000

As Is

9/25/2021

94.6%

9/3/2021

NAP

10/1/2021

NAP

10/1/2021

NAP

Fee

NAP

5.12

Property

Millburn Court

0.1%

3.3%

8324 Millwheel Drive

Dayton

Montgomery

45458

Multifamily

Garden

1979

NAP

115

Units

1,335,916

1,240,654

1,045,170

460,852

584,318

8/31/2021

T-12

1,012,824

461,625

551,199

12/31/2020

T-12

922,955

413,176

509,779

12/31/2019

T-12

93.0%

1,045,170

475,954

569,216

34,500

534,716

9,700,000

As Is

9/27/2021

100.0%

9/3/2021

NAP

10/1/2021

NAP

10/1/2021

NAP

Fee

NAP

5.13

Property

Rosewood Apartments

0.1%

3.3%

5554 Covert Drive

Columbus

Franklin

43231

Multifamily

Garden

1985

NAP

Units

1,301,653

1,208,835

850,844

303,557

547,287

8/31/2021

T-12

808,336

300,705

507,631

12/31/2020

T-12

794,918

293,177

501,741

12/31/2019

T-12

91.2%

850,844

309,169

541,675

26,700

514,975

8,100,000

As Is

9/28/2021

98.9%

9/3/2021

NAP

10/1/2021

NAP

10/1/2021

NAP

Fee

NAP

5.14

Property

Winthrop Court

0.1%

3.1%

2531 Arborview Drive

Columbus

Franklin

43229

Multifamily

Garden

1985

NAP

100

Units

1,238,344

1,150,040

937,164

408,365

528,799

8/31/2021

T-12

833,499

393,725

439,774

12/31/2020

T-12

843,334

353,894

489,440

12/31/2019

T-12

89.8%

937,164

414,765

522,399

30,000

492,399

8,900,000

As Is

9/27/2021

96.0%

9/3/2021

NAP

10/1/2021

NAP

10/1/2021

NAP

Fee

NAP

5.15

Property

Annhurst

0.1%

2.7%

4958 Dawn Drive

Indianapolis

Marion

46268

Multifamily

Garden

1984

NAP

Units

1,076,330

999,579

764,650

313,725

450,925

8/31/2021

T-12

741,667

298,160

443,507

12/31/2020

T-12

724,965

283,287

441,678

12/31/2019

T-12

88.1%

764,650

311,466

453,184

24,900

428,284

7,600,000

As Is

9/30/2021

98.8%

9/3/2021

NAP

10/1/2021

NAP

10/1/2021

NAP

Fee

NAP

5.16

Property

Ashford Hills

0.1%

2.4%

1367 Beeler Drive

Reynoldsburg

Franklin

43068

Multifamily

Garden

1986

NAP

Units

977,741

908,020

723,480

273,226

450,254

8/31/2021

T-12

690,347

264,710

425,637

12/31/2020

T-12

653,618

252,801

400,817

12/31/2019

T-12

92.5%

723,480

309,173

414,307

23,100

391,207

6,800,000

As Is

9/25/2021

96.1%

9/3/2021

NAP

10/1/2021

NAP

10/1/2021

NAP

Fee

NAP

5.17

Property

Harbinwood

0.1%

2.4%

1295 Harbins Road

Norcross

Gwinnett

30093

Multifamily

Garden

1986

NAP

Units

958,239

889,909

739,864

322,221

417,643

8/31/2021

T-12

713,810

320,051

393,759

12/31/2020

T-12

685,202

292,299

392,903

12/31/2019

T-12

95.4%

739,864

334,467

405,397

21,600

383,797

5,975,000

As Is

9/30/2021

97.2%

9/3/2021

NAP

10/1/2021

NAP

10/1/2021

NAP

Fee

NAP

5.18

Property

Willow Run - New Albany

0.1%

2.4%

1 Plaza Drive

New Albany

Floyd

47150

Multifamily

Garden

1984

NAP

Units

951,904

884,026

613,769

223,194

390,575

8/31/2021

T-12

587,907

223,761

364,146

12/31/2020

T-12

560,395

220,138

340,257

12/31/2019

T-12

91.7%

613,769

219,510

394,259

19,200

375,059

5,500,000

As Is

10/1/2021

95.3%

9/3/2021

NAP

10/1/2021

NAP

10/1/2021

NAP

Fee

NAP

5.19

Property

Parkville

0.1%

2.4%

2346 Parkgreen Place

Columbus

Franklin

43229

Multifamily

Garden

1978

NAP

100

Units

942,344

875,148

798,462

386,314

412,148

8/31/2021

T-12

715,793

384,553

331,240

12/31/2020

T-12

618,740

326,552

292,188

12/31/2019

T-12

83.6%

798,462

393,193

405,269

30,000

375,269

8,500,000

As Is

9/27/2021

96.0%

9/3/2021

NAP

10/1/2021

NAP

10/1/2021

NAP

Fee

NAP

5.20

Property

Applegate

0.1%

2.0%

2230 Applegate Drive

Columbus

Bartholomew

47203

Multifamily

Garden

1982

NAP

Units

817,358

759,073

583,698

237,841

345,857

8/31/2021

T-12

568,219

222,243

345,976

12/31/2020

T-12

493,437

222,028

271,409

12/31/2019

T-12

88.8%

583,698

239,997

343,701

17,400

326,301

5,000,000

As Is

9/30/2021

93.1%

9/3/2021

NAP

10/1/2021

NAP

10/1/2021

NAP

Fee

NAP

5.21

Property

Stonehenge

0.1%

2.0%

799 17th Street Northwest

Massillon

Stark

44647

Multifamily

Garden

1984

NAP

Units

810,554

752,755

576,273

234,061

342,212

8/31/2021

T-12

566,733

234,132

332,601

12/31/2020

T-12

525,252

233,950

291,302

12/31/2019

T-12

92.1%

576,273

234,895

341,378

18,000

323,378

4,700,000

As Is

9/28/2021

95.0%

9/3/2021

NAP

10/1/2021

NAP

10/1/2021

NAP

Fee

NAP

5.22

Property

Meadowland

0.1%

2.0%

200 Crane Drive

Bogart

Clarke

30622

Multifamily

Garden

1984

NAP

Units

792,055

735,575

581,054

240,198

340,856

8/31/2021

T-12

543,080

242,127

300,953

12/31/2020

T-12

543,938

219,774

324,164

12/31/2019

T-12

93.9%

581,054

245,105

335,949

18,000

317,949

4,900,000

As Is

9/30/2021

96.7%

9/3/2021

NAP

10/1/2021

NAP

10/1/2021

NAP

Fee

NAP

5.23

Property

Amberwood - Massillion

0.1%

1.8%

3648 Wales Avenue Northwest

Massillon

Stark

44646

Multifamily

Garden

1987

NAP

Units

701,179

651,180

545,999

245,768

300,231

8/31/2021

T-12

519,295

235,724

283,571

12/31/2020

T-12

513,410

232,077

281,333

12/31/2019

T-12

93.8%

545,999

248,591

297,408

18,900

278,508

4,700,000

As Is

9/28/2021

95.2%

9/3/2021

NAP

10/1/2021

NAP

10/1/2021

NAP

Fee

NAP

5.24

Property

Timberwood

0.1%

1.8%

710 Mason Terrace

Perry

Houston

31069

Multifamily

Garden

1985

NAP

Units

701,114

651,119

529,733

225,060

304,673

8/31/2021

T-12

497,367

205,246

292,121

12/31/2020

T-12

489,085

218,056

271,029

12/31/2019

T-12

91.6%

529,733

232,282

297,451

18,000

279,451

4,700,000

As Is

9/30/2021

98.3%

9/3/2021

NAP

10/1/2021

NAP

10/1/2021

NAP

Fee

NAP

5.25

Property

Sherbrook

0.1%

1.7%

6677 Guinevere Drive

Columbus

Franklin

43229

Multifamily

Garden

1985

NAP

Units

689,615

640,440

570,420

264,371

306,049

8/31/2021

T-12

554,334

239,178

315,156

12/31/2020

T-12

520,442

210,782

309,660

12/31/2019

T-12

93.1%

570,420

276,873

293,547

18,000

275,547

5,400,000

As Is

9/28/2021

93.3%

9/3/2021

NAP

10/1/2021

NAP

10/1/2021

NAP

Fee

NAP

5.26

Property

Stonehenge Apartments

0.1%

1.7%

7980 Dunston Drive

Indianapolis

Marion

46239

Multifamily

Garden

1984

NAP

Units

673,887

625,833

512,509

227,334

285,175

8/31/2021

T-12

504,524

211,280

293,244

12/31/2020

T-12

469,815

213,747

256,068

12/31/2019

T-12

90.3%

512,509

226,497

286,012

18,000

268,012

5,800,000

As Is

9/30/2021

96.7%

9/3/2021

NAP

10/1/2021

NAP

10/1/2021

NAP

Fee

NAP

5.27

Property

Oakley Woods

0.1%

1.7%

6300 Oakley Road

Union City

Fulton

30291

Multifamily

Garden

1985

NAP

Units

669,001

621,296

575,192

317,721

257,471

8/31/2021

T-12

532,603

309,131

223,472

12/31/2020

T-12

507,633

249,994

257,639

12/31/2019

T-12

87.1%

575,192

303,327

271,865

18,000

253,865

5,000,000

As Is

9/30/2021

90.0%

9/3/2021

NAP

10/1/2021

NAP

10/1/2021

NAP

Fee

NAP

5.28

Property

Carriage Hill

0.1%

1.6%

604 Hillcrest Parkway

Dublin

Laurens

31021

Multifamily

Garden

1985

NAP

Units

646,999

600,863

492,245

216,985

275,260

8/31/2021

T-12

488,495

213,095

275,400

12/31/2020

T-12

464,070

203,626

260,444

12/31/2019

T-12

92.3%

492,245

217,451

274,794

18,000

256,794

4,200,000

As Is

9/30/2021

90.0%

9/3/2021

NAP

10/1/2021

NAP

10/1/2021

NAP

Fee

NAP

5.29

Property

Barrington

0.1%

1.5%

750 Northern Avenue

Clarkston

Dekalb

30021

Multifamily

Garden

1984

NAP

Units

613,113

569,393

455,721

205,187

250,534

8/31/2021

T-12

435,555

207,448

228,107

12/31/2020

T-12

418,664

206,961

211,703

12/31/2019

T-12

93.6%

455,721

198,662

257,059

14,100

242,959

3,850,000

As Is

9/30/2021

100.0%

9/3/2021

NAP

10/1/2021

NAP

10/1/2021

NAP

Fee

NAP

5.30

Property

Andover Court

0.1%

1.5%

1095 Beech Street

Mount Vernon

Knox

43050

Multifamily

Garden

1982

NAP

Units

591,190

549,034

454,139

199,695

254,444

8/31/2021

T-12

425,396

179,060

246,336

12/31/2020

T-12

419,654

189,040

230,614

12/31/2019

T-12

91.7%

454,139

204,632

249,507

15,300

234,207

4,100,000

As Is

9/26/2021

96.1%

9/3/2021

NAP

10/1/2021

NAP

10/1/2021

NAP

Fee

NAP

5.31

Property

Greenglen II

0.1%

1.5%

2015 North McCord Road

Toledo

Lucas

43615

Multifamily

Garden

1982

NAP

Units

585,652

543,890

465,669

210,508

255,161

8/31/2021

T-12

433,670

208,679

224,991

12/31/2020

T-12

411,883

207,775

204,108

12/31/2019

T-12

90.6%

465,669

212,357

253,312

17,400

235,912

4,200,000

As Is

9/28/2021

98.3%

9/3/2021

NAP

10/1/2021

NAP

10/1/2021

NAP

Fee

NAP

5.32

Property

Sandalwood

0.1%

1.4%

4804 West Bancroft Street

Toledo

Lucas

43615

Multifamily

Garden

1983

NAP

Units

566,302

525,920

432,651

187,207

245,444

8/31/2021

T-12

399,022

182,220

216,802

12/31/2020

T-12

386,830

188,752

198,078

12/31/2019

T-12

93.9%

432,651

189,739

242,912

15,000

227,912

3,700,000

As Is

9/28/2021

96.0%

9/3/2021

NAP

10/1/2021

NAP

10/1/2021

NAP

Fee

NAP

5.33

Property

Spicewood

0.1%

1.4%

3714 Bartlett Avenue

Indianapolis

Marion

46227

Multifamily

Garden

1985

NAP

Units

565,117

524,820

427,591

184,918

242,673

8/31/2021

T-12

419,467

170,385

249,082

12/31/2020

T-12

385,615

170,524

215,091

12/31/2019

T-12

90.1%

427,591

184,388

243,203

14,700

228,503

4,000,000

As Is

9/30/2021

98.0%

9/3/2021

NAP

10/1/2021

NAP

10/1/2021

NAP

Fee

NAP

5.34

Property

Meadowood - Mansfield

0.0%

1.0%

798 Straub Road West

Mansfield

Richland

44904

Multifamily

Garden

1983

NAP

Units

401,971

373,308

380,968

199,522

181,446

8/31/2021

T-12

363,034

177,859

185,175

12/31/2020

T-12

363,226

177,943

185,283

12/31/2019

T-12

93.3%

380,968

201,894

179,074

15,000

164,074

3,200,000

As Is

9/28/2021

96.0%

9/3/2021

NAP

10/1/2021

NAP

10/6/2021

NAP

Fee

NAP

Loan

601 Lexington Avenue

3.6%

100.0%

DBRI, MSBNA, CREFI, WFBNA

GACC

NAP

601 Lexington Avenue

New York

10022

Office

CBD

1977

2021

1,675,659

431.65

40,000,000

2.79196%

0.01531%

2.77665%

NAP

94,357.91

NAP

1,132,294.92

Interest Only

Actual/360

120

119

120

119

12/10/2021

2/9/2022

NAP

1/9/2032

L(25),D(88),O(7)

155,075,181

65,527,372

89,547,809

9/30/2021

T-12

155,490,755

66,551,536

88,939,219

12/31/2020

T-12

147,502,669

64,986,057

82,516,612

12/31/2019

T-12

93.5%

159,706,334

64,433,228

95,273,106

418,915

2,743,708

92,110,483

4.65

4.50

13.2%

12.7%

1,700,000,000

As Is

10/1/2021

42.5%

96.3%

11/1/2021

Kirkland & Ellis

616,139

36.8%

2/28/2039

Citibank

216,256

12.9%

12/31/2022

NYU

195,326

11.7%

10/31/2049

Citadel

144,193

8.6%

8/31/2022

Freshfields

139,243

8.3%

6/30/2026

11/12/2021

NAP

11/12/2021

NAP

Fee / Leasehold

4/30/2036

None

901,254

Yes

Springing

837,829

Springing

10,053,948

61,289,797

Outstanding TI/LC Reserve ($52,315,328) and Free Rent Reserve ($8,974,469)

NAP

Hard

Springing

Yes

40,000,000

683,300,000

1,611,868.95

1,706,226.86

276,700,000

2.79196%

1,000,000,000

2,358,947.68

58.8%

3.25

9.5%

NAP

BP/CG Center MM LLC

NAP

Refinance

723,300,000

276,700,000

1,000,000,000

618,492,902

13,156,127

368,350,972

1,000,000,000

NAP

Loan

Hudson Commons

3.6%

100.0%

DBRI

GACC

NAP

441 Ninth Avenue

New York

10001

Office

CBD

1962

1982, 2018-2021

697,960

436.99

40,000,000

3.51250%

0.01956%

3.49294%

NAP

118,709.49

NAP

1,424,513.88

Interest Only

Actual/360

12/17/2021

2/6/2022

NAP

1/6/2027

L(25),DorYM1(28),O(7)

NAV

67.9%

49,851,962

21,059,980

28,791,982

104,694

1,046,940

27,640,348

2.65

2.54

9.4%

9.1%

1,030,000,000

Market Value Assuming Present Value of ICAP Tax Savings are Excluded and Outstanding Leasing Costs Reserved

11/23/2021

29.6%

72.7%

12/17/2021

Peloton

335,823

48.1%

12/31/2035

Lyft

100,638

14.4%

11/30/2029

Ovid Therapeutics

19,143

2.7%

9/30/2032

True Talent Advisory

17,629

2.5%

12/31/2032

Brevet Capital

16,178

2.3%

8/31/2030

11/23/2021

NAP

12/13/2021

NAP

Fee

NAP

Springing

1,973,458

Springing

41,415,853

TI/LC Holdback (33,526,541.66); Free Rent Reserve (7,889,311.33)

NAP

Hard

Springing

Yes

40,000,000

265,000,000

786,450.38

905,159.87

202,000,000

3.51250%

507,000,000

1,504,642.80

49.2%

1.53

5.7%

NAP

Fifth Street Properties, LLC

NAP

Acquisition

305,000,000

588,044,469

202,000,000

1,095,044,469

1,033,000,000

18,655,158

43,389,311

1,095,044,469

NAP

Loan

Bedrock Portfolio

3.6%

SMC, JPMCB

SMC

NAP

Various

Detroit

Wayne

48226

Various

2,694,627

159.58

40,000,000

3.77800%

0.06031%

3.71769%

NAP

127,682.41

NAP

1,532,188.89

Interest Only

Actual/360

12/28/2021

2/1/2022

NAP

1/1/2029

L(25),YM1(55),O(4)

94,411,832

38,816,129

55,595,704

9/30/2021

T-12

93,320,219

39,225,160

54,095,059

12/31/2020

T-12

93,601,628

46,392,886

47,208,742

12/31/2019

T-12

87.7%

97,560,449

39,136,450

58,423,999

660,862

3,353,632

54,409,505

3.55

3.30

13.6%

12.7%

724,300,000

As Is

Various

59.4%

88.7%

Various

1,696,002

424,000

Springing

62,336

1,469,568

280,690

5,000,000

241,558

8,870,595

Outstanding TI/LC Reserve (Upfront: $8,392,690), Outstanding Free Rent Reserve (Upfront: $477,905)

NAP

Springing (Residential); Hard (Commercial)

Springing

Yes

40,000,000

390,000,000

1,244,903.47

1,372,585.88

NAP

430,000,000

1,372,585.88

59.4%

3.30

13.6%

NAP

Yes

Unsecured

Bedrock Detroit

Rock Backer LLC

Refinance

430,000,000

331,057,990

4,355,049

11,401,181

83,185,780

430,000,000

NAP

8.01

Property

First National Building

0.8%

23.1%

660 Woodward Avenue

Detroit

Wayne

48226

Office

CBD

1921

2010

800,119

9,222,400

22,551,474

7,938,854

14,612,620

9/30/2021

T-12

22,547,728

8,456,198

14,091,530

12/31/2020

T-12

20,058,038

10,571,414

9,486,624

12/31/2019

T-12

94.7%

24,218,140

8,751,047

15,467,092

160,024

1,030,745

14,276,324

162,000,000

As Is

8/30/2021

94.9%

11/10/2021

Amrock, Inc

424,486

53.1%

1/31/2032

Honigman Miller Schwartz and Cohn LLP

150,786

18.8%

11/30/2025

Board of Trustees of Michigan State University

46,598

5.8%

9/30/2031

Bedrock Management Services LLC

39,087

4.9%

1/31/2032

Mediabrands Worldwide, INC

23,132

2.9%

11/30/2024

9/28/2021

NAP

9/28/2021

NAP

Fee

NAP

Yes

NAP

8.02

Property

The Qube

0.5%

14.7%

611 Woodward Avenue

Detroit

Wayne

48226

Office

CBD

1958

2011

522,702

5,864,000

14,707,641

5,790,499

8,917,143

9/30/2021

T-12

13,634,388

5,413,327

8,221,061

12/31/2020

T-12

14,915,740

6,855,771

8,059,969

12/31/2019

T-12

91.4%

15,190,314

5,694,242

9,496,072

104,540

698,379

8,693,152

103,000,000

As Is

8/30/2021

90.6%

11/10/2021

Quicken Loans Inc.

407,050

77.9%

7/31/2028

JPMorgan Chase, National Association

32,126

6.1%

5/31/2027

Rock Security LLC

17,490

3.3%

6/30/2022

Compass Group USA, Inc.

9,930

1.9%

9/30/2023

JP Morgan Chase Bank NA

5,544

1.1%

12/31/2026

9/29/2021

NAP

9/28/2021

NAP

Fee

NAP

Yes

NAP

8.03

Property

Chrysler House

0.4%

11.5%

719 Griswold Street and 730 Shelby Street

Detroit

Wayne

48226

Office

CBD

1919

2013

343,488

4,584,000

12,759,457

4,680,984

8,078,473

9/30/2021

T-12

12,740,351

4,791,380

7,948,971

12/31/2020

T-12

12,726,060

5,918,699

6,807,361

12/31/2019

T-12

79.0%

11,740,667

5,139,250

6,601,417

68,698

389,974

6,142,746

83,000,000

As Is

8/30/2021

79.9%

11/10/2021

Quicken Loans Inc.

183,664

53.5%

8/31/2023

Rocket Homes Real Estate LLC

29,897

8.7%

8/31/2023

RSM US LLP

11,894

3.5%

5/31/2023

Metro-West Appraisal Co., LLC

7,848

2.3%

1/31/2027

Office of the Chapter 13 Trustee Detroit

7,591

2.2%

8/31/2024

9/28/2021

NAP

9/28/2021

NAP

Fee

NAP

Yes

NAP

8.04

Property

1001 Woodward

0.4%

11.4%

1001-1075 Woodward Avenue

Detroit

Wayne

48226

Office

CBD

1965

2013

319,039

4,554,400

10,555,797

4,308,564

6,247,232

9/30/2021

T-12

10,057,399

4,514,822

5,542,577

12/31/2020

T-12

11,842,228

5,715,799

6,126,429

12/31/2019

T-12

87.0%

11,833,265

4,506,929

7,326,336

63,808

375,085

6,887,443

80,000,000

As Is

8/30/2021

88.9%

11/10/2021

Quicken Loans Inc.

122,475

38.4%

4/30/2024

1001 Woodward Avenue Tenant LLC (WeWork)

56,352

17.7%

10/31/2033

Southeast Michigan Council of Governments

30,240

9.5%

7/31/2025

GalaxE Solutions, Inc.

27,000

8.5%

MTM

CVS, LLC

9,814

3.1%

3/31/2026

9/28/2021

NAP

9/28/2021

NAP

Fee

NAP

Yes

NAP

8.05

Property

One Woodward

0.3%

8.3%

1 Woodward Avenue

Detroit

Wayne

48226

Office

CBD

1962

2013

370,257

3,301,600

9,580,713

5,058,111

4,522,603

9/30/2021

T-12

10,265,419

5,233,052

5,032,367

12/31/2020

T-12

10,637,962

6,451,321

4,186,641

12/31/2019

T-12

92.4%

10,421,702

4,768,719

5,652,984

74,051

482,862

5,096,070

58,000,000

As Is

8/30/2021

92.9%

11/10/2021

Quicken Loans Inc.

171,622

46.4%

3/31/2032

Kitch Drutchas Wagner Valitutti & Sherbrook, P.C.

56,265

15.2%

5/31/2028

Fifth Third Bank

31,204

8.4%

10/31/2025

Detroit Regional Chamber

27,218

7.4%

6/30/2023

RFS Business Funding LLC

15,602

4.2%

6/30/2022

9/28/2021

NAP

9/28/2021

NAP

Leasehold

4/30/2040

5, 25-year extension options

43,775

Yes

NAP

8.06

Property

The Z Garage

0.2%

6.7%

1234-1246 Library Street and 1327 Broadway Avenue

Detroit

Wayne

48226

Other

Parking Garage

2013

2015-2016

1,351

Units

2,698,400

4,801,718

2,228,996

2,572,721

9/30/2021

T-12

5,379,578

2,245,209

3,134,369

12/31/2020

T-12

7,362,715

2,377,053

4,985,662

12/31/2019

T-12

NAP

4,333,672

2,201,877

2,131,796

38,209

14,705

2,078,882

53,000,000

As Is

9/10/2021

NAP

9/29/2021

NAP

9/28/2021

NAP

Fee

NAP

Yes

NAP

8.07

Property

Two Detroit Garage

0.2%

5.1%

160 East Congress Street

Detroit

Wayne

48226

Other

Parking Garage

2002

2015-2016

1,106

Units

2,042,400

4,309,151

1,354,872

2,954,279

9/30/2021

T-12

3,516,691

1,357,089

2,159,602

12/31/2020

T-12

3,704,406

1,425,407

2,278,998

12/31/2019

T-12

NAP

4,136,711

1,180,174

2,956,536

27,650

2,928,886

37,000,000

As Is

9/10/2021

NAP

9/29/2021

NAP

9/28/2021

NAP

Fee

NAP

Yes

NAP

8.08

Property

1505 & 1515 Woodward

0.2%

4.8%

1505 and 1515-1529 Woodward Avenue

Detroit

Wayne

48226

Office

CBD

1925

2018

141,741

1,932,800

3,786,664

1,707,296

2,079,368

9/30/2021

T-12

2,929,868

1,191,945

1,737,923

12/31/2020

T-12

1,560,258

1,126,435

433,823

12/31/2019

T-12

95.0%

4,058,229

1,375,879

2,682,351

28,507

199,255

2,454,589

35,000,000

As Is

8/30/2021

100.0%

11/10/2021

LinkedIn Corporation

74,497

52.6%

7/31/2026

H & M Hennes & Mauritz L.P.

25,322

17.9%

1/31/2027

International Bancard Corporation

12,082

8.5%

2/28/2023

Mastronardi-USA Distribution Services, INC

6,052

4.3%

8/31/2025

Quikly, Inc.

6,035

4.3%

MTM

9/28/2021

NAP

9/28/2021

NAP

Fee

NAP

Yes

NAP

8.09

Property

1001 Brush Street

0.1%

4.1%

1001 Brush Street

Detroit

Wayne

48226

Other

Parking Garage

1993

2015-2016

1,309

Units

1,631,200

3,432,603

1,548,603

1,883,999

9/30/2021

T-12

3,999,913

1,642,267

2,357,645

12/31/2020

T-12

4,094,396

1,805,465

2,288,931

12/31/2019

T-12

NAP

3,237,726

1,504,379

1,733,347

28,100

21,371

1,683,875

32,000,000

As Is

9/10/2021

NAP

9/28/2021

NAP

9/28/2021

NAP

Fee

NAP

Yes

NAP

8.10

Property

The Assembly

0.1%

3.2%

1700 West Fort Street

Detroit

Wayne

48216

Mixed Use

Multifamily / Office / Retail

1913

2019

Units

1,276,000

2,452,754

1,516,450

936,305

9/30/2021

T-12

2,330,200

1,478,237

851,963

12/31/2020

T-12

585,521

928,015

(342,494)

12/31/2019

T-12

74.0%

2,741,081

1,292,767

1,448,315

23,082

90,307

1,334,926

23,100,000

As Is

8/30/2021

75.0%

9/3/2021

Coyote Logistics

58,192

100.0%

10/31/2030

NAP

9/28/2021

NAP

9/28/2021

NAP

Fee

NAP

Yes

NAP

8.11

Property

419 Fort Street Garage

0.1%

2.9%

419 East Fort Street

Detroit

Wayne

48226

Other

Parking Garage

2005

2015-2016

637

Units

1,160,000

2,416,343

903,473

1,512,869

9/30/2021

T-12

2,507,484

879,102

1,628,382

12/31/2020

T-12

2,012,448

883,296

1,129,152

12/31/2019

T-12

NAP

2,451,762

850,847

1,600,915

15,925

1,584,990

21,000,000

As Is

9/10/2021

NAP

10/3/2021

NAP

9/28/2021

NAP

Fee

NAP

Yes

NAP

8.12

Property

Vinton

0.1%

1.8%

600 Woodward Avenue

Detroit

Wayne

48226

Mixed Use

Multifamily / Retail

1917

2018

Units

700,000

1,153,612

860,060

293,552

9/30/2021

T-12

1,313,531

965,501

348,031

12/31/2020

T-12

1,324,511

1,064,009

260,502

12/31/2019

T-12

95.0%

1,278,493

886,306

392,187

6,104

8,260

377,823

17,500,000

As Is

8/30/2021

61.9%

9/3/2021

Besa Partners LLC

5,693

100.0%

1/31/2026

NAP

10/4/2021

NAP

9/28/2021

NAP

Fee

NAP

Yes

NAP

8.13

Property

1401 First Street

0.1%

1.7%

1401 First Street

Detroit

Wayne

48226

Other

Parking Garage

1976

2017

633

Units

690,400

1,159,626

598,814

560,813

9/30/2021

T-12

1,393,326

680,309

713,017

12/31/2020

T-12

2,033,708

786,300

1,247,408

12/31/2019

T-12

NAP

1,131,300

613,395

517,905

15,825

502,080

13,500,000

As Is

9/10/2021

NAP

9/28/2021

NAP

9/28/2021

NAP

Fee

NAP

Yes

NAP

8.14

Property

Lane Bryant Building

0.0%

0.9%

1520 Woodward Avenue

Detroit

Wayne

48226

Office

CBD

1917

2018

31,695

342,400

744,281

320,553

423,728

9/30/2021

T-12

704,344

376,723

327,620

12/31/2020

T-12

743,636

483,900

259,736

12/31/2019

T-12

94.8%

787,387

370,639

416,748

6,339

42,689

367,719

6,200,000

As Is

8/30/2021

95.2%

11/10/2021

Detroit Labs, LLC

17,284

54.5%

1/31/2026

Detroit Venture Partners

5,761

18.2%

MTM

Lisa Spindler Photography, Inc.

4,384

13.8%

MTM

Twitter, Inc.

2,734

8.6%

1/31/2024

NAP

10/3/2021

NAP

9/28/2021

NAP

Fee

NAP

Yes

NAP

Loan

IPCC National Storage Portfolio XV

3.6%

KeyBank

Group A

NAP

Various

Self Storage

Various

912,654

94.23

40,000,000

3.62800%

0.02031%

3.60769%

NAP

122,612.96

NAP

1,471,355.52

Interest Only

Actual/360

120

119

120

119

12/16/2021

2/1/2022

NAP

1/1/2032

L(25),YM1(92),O(3)

12,245,253

5,166,606

7,078,647

10/31/2021

T-12

10,349,287

4,893,790

5,455,498

12/31/2020

T-12

NAV

86.9%

13,111,982

5,651,744

7,460,240

202,160

7,258,080

2.36

2.29

8.7%

8.4%

183,300,000

As Portfolio

Various

46.9%

95.2%

11/17/2021

Springing

192,000

Springing

192,000

103,400

Flood Insurance Reserve

NAP

None

Springing

Yes

40,000,000

46,000,000

141,004.91

263,617.87

NAP

86,000,000

263,617.87

46.9%

2.29

8.7%

NAP

Inland Private Capital Corporation

Yes

Acquisition

86,000,000

104,740,667

190,740,667

182,336,000

1,615,427

295,400

6,493,840

190,740,667

NAP

9.01

Property

West Indian School Road

0.5%

13.1%

4010 West Indian School Road

Phoenix

Maricopa

85019

Self Storage

1979, 1997

NAP

105,143

5,245,890

1,254,513

378,393

876,120

10/31/2021

T-12

1,038,216

366,929

671,287

12/31/2020

T-12

NAV

85.3%

1,362,958

378,057

984,901

20,613

964,288

22,200,000

As Is

11/10/2021

94.1%

11/17/2021

NAP

12/6/2021

NAP

12/8/2021

NAP

Fee

NAP

9.02

Property

Boalch Avenue Northwest

0.4%

10.1%

1410 Boalch Avenue Northwest

North Bend

King

98045

Self Storage

2005

NAP

50,569

4,036,438

1,027,296

325,585

701,711

10/31/2021

T-12

902,524

313,878

588,647

12/31/2020

T-12

NAV

89.0%

1,090,598

339,528

751,070

7,585

743,485

14,950,000

As Is

11/10/2021

96.1%

11/17/2021

NAP

12/6/2021

NAP

11/17/2021

10/29/2021

Yes - AO

Fee

NAP

9.03

Property

Lemay Ferry Road

0.3%

7.6%

4533 Lemay Ferry Road

Saint Louis

63129

Self Storage

1999

NAP

53,859

3,031,674

948,967

434,193

514,774

10/31/2021

T-12

847,718

350,235

497,483

12/31/2020

T-12

NAV

93.1%

994,054

436,666

557,388

12,467

544,921

11,540,000

As Is

11/8/2021

96.6%

11/17/2021

NAP

12/6/2021

NAP

11/17/2021

NAP

Fee

NAP

9.04

Property

East Southern Avenue

0.3%

7.2%

240 East Southern Avenue

Mesa

Maricopa

85210

Self Storage

1978

NAP

65,000

2,878,304

712,137

231,335

480,802

10/31/2021

T-12

579,892

216,462

363,430

12/31/2020

T-12

NAV

82.6%

771,092

236,982

534,110

8,450

525,660

12,900,000

As Is

11/10/2021

96.3%

11/17/2021

NAP

12/6/2021

NAP

12/2/2021

NAP

Fee

NAP

9.05

Property

Anderson Road

0.2%

6.8%

8119 Anderson Road

Tampa

Hillsborough

33634

Self Storage

1972, 1985, 1987, 1999

NAP

73,450

2,737,365

921,123

360,287

560,836

10/31/2021

T-12

765,689

327,206

438,483

12/31/2020

T-12

NAV

89.9%

988,572

474,092

514,480

24,239

490,242

10,700,000

As Is

11/10/2021

96.7%

11/17/2021

NAP

12/6/2021

NAP

11/23/2021

NAP

Fee

NAP

9.06

Property

Stoney Island Avenue

0.2%

6.7%

19600 Stoney Island Avenue

Lynwood

Cook

60411

Self Storage

1997-1999

2020

84,980

2,669,596

1,078,610

615,730

462,880

10/31/2021

T-12

927,733

600,472

327,261

12/31/2020

T-12

NAV

85.8%

1,153,364

657,191

496,173

21,245

474,928

9,870,000

As Is

11/17/2021

90.4%

11/17/2021

NAP

12/6/2021

NAP

11/19/2021

NAP

Fee

NAP

9.07

Property

Duren Avenue

0.2%

6.4%

24 Duren Avenue

Lowell

Middlesex

01851

Self Storage

2000

NAP

49,075

2,553,606

776,165

338,799

437,366

10/31/2021

T-12

650,547

297,095

353,452

12/31/2020

T-12

NAV

87.6%

816,076

340,421

475,655

7,290

468,366

9,420,000

As Is

11/5/2021

99.2%

11/17/2021

NAP

12/6/2021

NAP

11/17/2021

NAP

Yes - AE

Fee

NAP

9.08

Property

North Nova Road

0.2%

5.9%

1104 North Nova Road

Daytona Beach

Volusia

32117

Self Storage

1979-1989

NAP

64,657

2,348,194

856,453

405,977

450,476

10/31/2021

T-12

654,424

365,394

289,030

12/31/2020

T-12

NAV

84.5%

929,646

492,335

437,311

14,871

422,440

9,500,000

As Is

11/9/2021

93.8%

11/17/2021

NAP

12/6/2021

NAP

11/30/2021

NAP

Fee

NAP

9.09

Property

Airport Road

0.2%

5.3%

5424 Airport Road

Williamsburg

James City

23188

Self Storage

1995

NAP

38,106

2,104,839

562,907

214,751

348,156

10/31/2021

T-12

487,429

195,351

292,078

12/31/2020

T-12

NAV

88.3%

608,634

213,369

395,265

4,192

391,073

8,450,000

As Is

11/8/2021

93.8%

11/17/2021

NAP

12/6/2021

NAP

11/18/2021

NAP

Fee

NAP

��

NAP

9.10

Property

South Pennington

0.2%

5.0%

1930 South Pennington

Mesa

Maricopa

85202

Self Storage

1990

NAP

42,200

2,003,708

517,842

178,694

339,148

10/31/2021

T-12

433,658

172,084

261,574

12/31/2020

T-12

NAV

81.3%

553,288

179,805

373,483

11,780

361,704

8,030,000

As Is

11/10/2021

93.1%

11/17/2021

NAP

12/6/2021

NAP

12/2/2021

NAP

Fee

NAP

9.11

Property

Southwest 14th Court

0.2%

4.7%

3111 Southwest 14th Court

Pompano Beach

Broward

33069

Self Storage

1977, 1989

NAP

59,872

1,893,773

687,792

304,783

383,009

10/31/2021

T-12

629,206

300,765

328,441

12/31/2020

T-12

NAV

89.1%

728,508

374,738

353,770

13,771

339,999

8,690,000

As Is

11/5/2021

98.6%

11/17/2021

NAP

12/6/2021

NAP

11/18/2021

NAP

Yes - AH

Fee

NAP

9.12

Property

Southeast Jennings Road

0.1%

4.1%

3737 Southeast Jennings Road

Port St. Lucie

St. Lucie

34952

Self Storage

1999

NAP

38,062

1,640,698

582,117

270,781

311,336

10/31/2021

T-12

470,564

261,989

208,575

12/31/2020

T-12

NAV

88.5%

637,514

329,597

307,917

12,602

295,315

6,450,000

As Is

11/9/2021

99.0%

11/17/2021

NAP

12/6/2021

NAP

11/17/2021

NAP

Fee

NAP

9.13

Property

49th Street South and 8th Avenue South

0.1%

4.0%

1909 49th Street South, 4924 Tangerine Avenue South and 5001 8th Avenue South

Gulfport

Pinellas

33707

Self Storage

1940, 1948, 1977, 1981, 1986

NAP

40,073

1,600,863

561,859

250,987

310,872

10/31/2021

T-12

469,396

253,065

216,331

12/31/2020

T-12

NAV

84.7%

591,716

289,647

302,069

9,813

292,256

6,320,000

As Is

11/9/2021

94.4%

11/17/2021

NAP

12/6/2021

NAP

12/1/2021

NAP

Fee

NAP

9.14

Property

South Broadway

0.1%

4.0%

3900 South Broadway

Edmond

Oklahoma

73013

Self Storage

1978

NAP

67,849

1,581,835

459,637

186,557

273,080

10/31/2021

T-12

403,645

202,793

200,852

12/31/2020

T-12

NAV

85.4%

498,206

206,062

292,144

6,785

285,360

6,330,000

As Is

11/17/2021

97.7%

11/17/2021

NAP

12/6/2021

NAP

12/16/2021

NAP

Fee

NAP

9.15

Property

30th Avenue North

0.1%

3.9%

2801 75th Street North and 7470 30th Avenue North

St. Petersburg

Pinellas

33710

Self Storage

1977

2016

31,920

1,566,333

563,916

273,286

290,630

10/31/2021

T-12

444,967

281,930

163,037

12/31/2020

T-12

NAV

88.3%

607,806

314,361

293,445

18,103

275,341

5,780,000

As Is

11/9/2021

94.5%

11/17/2021

NAP

12/6/2021

NAP

11/23/2021

NAP

Fee

NAP

9.16

Property

Main Street

0.1%

2.9%

720 Main Street

Tewksbury

Middlesex

01876

Self Storage

2000

NAP

21,019

1,142,573

412,777

224,259

188,518

10/31/2021

T-12

380,306

210,491

169,815

12/31/2020

T-12

NAV

88.5%

433,792

224,723

209,069

4,058

205,011

4,270,000

As Is

11/5/2021

94.0%

11/17/2021

NAP

12/6/2021

NAP

11/17/2021

NAP

Fee

NAP

9.17

Property

Warwick Boulevard

0.1%

2.4%

15900 Warwick Boulevard

Newport News

Newport News City

23608

Self Storage

1988

NAP

26,820

964,313

321,142

172,209

148,933

10/31/2021

T-12

263,373

177,651

85,722

12/31/2020

T-12

NAV

82.8%

346,158

164,170

181,988

4,297

177,691

4,170,000

As Is

11/8/2021

89.4%

11/17/2021

NAP

12/6/2021

NAP

11/18/2021

NAP

Yes - AE, A1-A30

Fee

NAP

Loan

111 River Street

3.3%

100.0%

BMO

NAP

111 River Street

Hoboken

Hudson

07030

Office

CBD

2002

NAP

557,719

138.96

37,500,000

3.28000%

0.01156%

3.26844%

NAP

103,923.61

NAP

1,247,083.32

Interest Only

Actual/360

1/21/2022

3/6/2022

NAP

2/6/2027

L(24),D(31),O(5)

18,437,368

8,508,847

9,928,521

10/31/2021

T-12

18,375,164

8,607,905

9,767,259

12/31/2020

T-12

18,104,302

9,321,649

8,782,654

12/31/2019

T-12

82.1%

22,541,072

9,445,383

13,095,689

5.08

16.9%

244,000,000

As Is

11/15/2021

31.8%

82.6%

1/1/2022

John Wiley & Sons Inc.

293,633

52.6%

3/31/2033

Sumitomo Mitsui Trust Bank

38,134

6.8%

1/31/2024

Crunch Holdings LLC

21,196

3.8%

8/31/2029

Burgiss Group LLC The

19,018

3.4%

11/30/2026

Educationdynamics LLC

18,063

3.2%

8/31/2029

12/21/2021

NAP

10/26/2021

NAP

Yes - AE

Leasehold

9/30/2098

None

1,502,800

Yes

122,519

138,561

177,648

Springing

700,000

Springing

13,900,000

Springing

2,360,000

1,469,000

165,616

Significant Tenant Rent Replication Reserve (Upfront: $1,258,196.33), Ground Rent Reserve (Upfront: $165,615.50; Monthly: $165,615.50), Free Rent Reserve (Upfront: $45,188)

NAP

Hard

Springing

Yes

37,500,000

40,000,000

110,851.85

214,775.46

76,250,000

3.28000%

153,750,000

426,086.80

63.0%

2.56

8.5%

NAP

Steven J. Pozycki and David Werner

Yes

Acquisition

77,500,000

54,100,000

76,250,000

30,107,549

237,957,549

218,000,000

3,588,382

16,369,167

237,957,549

NAP

Loan

2 Riverfront Plaza

3.3%

100.0%

BMO

NAP

826-836 McCarter Highway

Newark

Essex

07102

Office

CBD

2014

NAP

337,543

325.88

37,500,000

4.26000%

0.01156%

4.24844%

NAP

134,973.96

NAP

1,619,687.52

Interest Only

Actual/360

120

119

120

119

12/8/2021

2/6/2022

NAP

1/6/2032

L(25),D(90),O(5)

14,216,116

3,570,855

10,645,261

9/30/2021

T-12

14,024,713

3,511,314

10,513,398

12/31/2020

T-12

14,106,430

3,763,916

10,342,514

12/31/2019

T-12

95.0%

13,859,362

3,558,666

10,300,695

67,509

506,315

9,726,872

2.17

2.05

9.4%

8.8%

182,200,000

As Is

11/12/2021

60.4%

100.0%

12/8/2021

Yes

Panasonic Corporation of North America

337,543

100.0%

4/30/2031

NAP

11/18/2021

NAP

11/19/2021

NAP

Fee

NAP

Springing

5,626

135,017

Springing

NAP

Hard

Springing

Yes

37,500,000

72,500,000

260,949.65

395,923.61

NAP

110,000,000

395,923.61

60.4%

2.05

9.4%

NAP

Arch Street Capital Advisors

NAP

Refinance

110,000,000

107,720,166

1,863,929

415,906

110,000,000

NAP

Loan

Northwest Capital Portfolio

3.3%

SMC

NAP

Various

Retail

Various

211,122

177.62

37,500,000

4.37000%

0.01156%

4.35844%

NAP

138,459.20

NAP

1,661,510.42

Interest Only

Actual/360

120

1/20/2022

3/6/2022

NAP

2/6/2032

L(24),D(92),O(4)

4,549,161

1,498,760

3,050,401

11/30/2021

T-12

4,022,610

1,228,269

2,794,341

12/31/2020

T-12

3,982,145

1,208,367

2,773,778

12/31/2019

T-12

94.8%

4,841,557

1,461,852

3,379,705

42,224

211,122

3,126,359

2.03

1.88

9.0%

8.3%

58,500,000

As Is

12/9/2021

64.1%

98.1%

1/16/2022

229,709

45,942

79,985

6,819

240,000

3,519

500,000

17,594

1,000,000

70,508

242,470

Coldwell Banker Reserve ($184,130), Juice Club Reserve ($58,340)

NAP

Soft

Springing

Yes

NAP

Mark S. McDonald

Refinance

37,500,000

28,853,543

443,509

1,362,672

6,840,276

37,500,000

NAP

12.01

Property

Center Plaza

1.6%

47.2%

2006 South 320th Street

Federal Way

King

98003

Retail

Unanchored

1979

2018

77,748

17,692,308

2,080,162

651,293

1,428,869

11/30/2021

T-12

1,651,957

473,419

1,178,538

12/31/2020

T-12

1,629,652

431,437

1,198,215

12/31/2019

T-12

95.0%

2,215,593

640,867

1,574,726

15,550

77,748

1,481,428

27,600,000

As Is

12/9/2021

96.8%

1/16/2022

Armani Night Club

11,000

14.1%

11/30/2023

Red Lobster

6,084

7.8%

1/31/2038

Azteca

5,942

7.6%

9/30/2030

Hot Pot World Rotary

3,706

4.8%

7/31/2029

Sound Credit Union

3,697

4.8%

7/7/2029

12/15/2021

NAP

12/15/2021

10%

Fee

NAP

12.02

Property

Village by the Creek

0.7%

20.3%

800 164th Street Southeast and 16430 9th Avenue Southeast

Mill Creek

Snohomish

98012

Retail

Unanchored

1985

NAP

26,632

7,628,205

1,028,792

255,974

772,817

11/30/2021

T-12

977,948

247,806

730,142

12/31/2020

T-12

963,561

240,880

722,681

12/31/2019

T-12

95.0%

975,726

233,730

741,996

5,326

26,632

710,038

11,900,000

As Is

12/9/2021

100.0%

1/16/2022

MultiCare

4,896

18.4%

10/2/2026

Ariang Korean BBQ

4,765

17.9%

2/29/2028

Lorinda

2,595

9.7%

10/31/2022

Union Bank

2,400

9.0%

11/1/2025

Elliot Bay Pizza

2,400

9.0%

9/30/2023

12/15/2021

NAP

12/15/2021

12/16/2021

Fee

NAP

12.03

Property

Riverway Plaza

0.6%

17.4%

200 South Kelso Drive

Kelso

Cowlitz

98626

Retail

Anchored

1980

NAP

80,852

6,538,462

1,001,713

385,265

616,448

11/30/2021

T-12

1,005,981

308,669

697,313

12/31/2020

T-12

990,228

334,804

655,424

12/31/2019

T-12

95.0%

988,133

364,515

623,618

16,170

80,852

526,596

10,200,000

As Is

12/9/2021

100.0%

1/16/2022

Wilco Farmers

40,840

50.5%

9/30/2027

Rite Aid

17,640

21.8%

5/31/2023

Dollar Tree

8,314

10.3%

1/31/2024

Department of Licensing

3,950

4.9%

1/31/2022

Beauty Systems

2,344

2.9%

2/28/2025

12/15/2021

NAP

12/15/2021

10%

Fee

NAP

12.04

Property

Pike Street Building

0.3%

8.9%

1406 East Pike Street

Seattle

King

98122

Retail

Unanchored

1909

2020

11,705

3,333,333

86,124

69,633

16,491

11/30/2021

T-12

44,352

63,125

(18,773)

12/31/2020

T-12

64,077

55,245

8,832

12/31/2019

T-12

95.0%

356,617

93,412

263,205

2,341

11,705

249,159

5,200,000

As Is

12/9/2021

100.0%

1/16/2022

Coldwell Banker

5,829

49.8%

9/30/2031

Jansen

2,651

22.6%

9/14/2024

Juice Club

1,743

14.9%

9/30/2026

Puget Sound Retail

1,482

12.7%

12/31/2029

NAP

12/15/2021

NAP

12/15/2021

12/16/2021

24%

Fee

NAP

12.05

Property

Monroe Retail Center

0.2%

6.2%

19480 U.S. Highway 2

Monroe

Snohomish

98272

Retail

Unanchored

1920

1988

14,185

2,307,692

352,370

136,596

215,774

11/30/2021

T-12

342,373

135,250

207,122

12/31/2020

T-12

334,627

146,000

188,627

12/31/2019

T-12

91.3%

305,487

129,327

176,160

2,837

14,185

159,138

3,600,000

As Is

12/9/2021

89.4%

1/16/2022

Mi Tierra Inc.

4,500

31.7%

7/31/2025

Benjarong Thai

3,020

21.3%

7/31/2024

Infinity Nails

1,250

8.8%

8/31/2024

Bray Realty

1,216

8.6%

1/31/2023

The Hair Depot

1,082

7.6%

11/14/2026

12/15/2021

NAP

12/15/2021

12/16/2021

Fee

NAP

Loan

Victoria Village Apartments

2.9%

100.0%

SMC

NAP

1705 Jenkins Road

Pasadena

Harris

77506

Multifamily

Garden

1972

2018

612

Units

53,720.81

33,000,000

32,877,137

26,667,212

4.49000%

0.01156%

4.47844%

167,010.13

NAP

2,004,121.56

NAP

Amortizing Balloon

Actual/360

120

117

360

357

11/1/2021

12/6/2021

11/6/2031

L(23),YM1(93),O(4)

4,854,567

1,926,583

2,927,984

11/30/2021

T-12

4,335,932

1,639,720

2,696,213

12/31/2020

T-12

4,295,903

1,712,197

2,583,706

12/31/2019

T-12

88.0%

4,957,494

2,132,752

2,824,743

153,000

2,671,743

1.41

1.33

9.0%

8.5%

52,400,000

As Is

10/19/2021

59.9%

48.0%

94.3%

10/14/2021

NAP

10/28/2021

NAP

10/28/2021

NAP

Fee

NAP

38,411

154,136

12,538

12,750

2,000,000

Economic Holdback Reserve ($1,500,000), Renovation Reserve ($500,000)

1,500,000

$1,500,000 deposited into the Economic Holdback Reserve to be distributed to the borrower upon certain conditions in the loan agreement

Springing

Yes

NAP

Gary W. Gates, Jr.

Refinance

33,000,000

20,844,384

708,687

2,154,136

9,292,794

33,000,000

NAP

Loan

Tangent Industrial Park

2.8%

100.0%

BMO

Group B

NAP

32160 Old Highway 34, 32144 Old Highway 34, 32140 Old Highway 34, 32180 Old Highway 34, 32136 Hooska Avenue, 33414 Eagle Drive, 33464-33468 Eagle Drive, 32114 Mallard Avenue and 32141 Mallard Avenue

Tangent

Linn

97389

Industrial

Warehouse / Other

1979, 1984, 1987, 1988, 1989, 1990, 1996, 1997, 1998

2007

490,680

64.20

31,500,000

3.83000%

0.01156%

3.81844%

NAP

101,933.85

NAP

1,223,206.20

Interest Only

Actual/360

120

119

120

119

12/28/2021

2/6/2022

NAP

1/6/2032

L(25),D(91),O(4)

3,651,915

747,000

2,904,915

12/31/2021

T-6 Ann.

3,075,238

860,000

2,215,238

12/31/2020

T-12

2,877,612

816,000

2,061,612

12/31/2019

T-12

95.0%

3,600,075

859,443

2,740,633

34,348

2,706,285

2.24

2.21

8.7%

8.6%

53,700,000

As Is

11/30/2021

58.7%

100.0%

12/3/2021

Oregon Freeze Dry

152,064

31.0%

12/31/2023

Georgia Pacific

75,000

15.3%

10/31/2024

Barenbrug

50,000

10.2%

12/31/2023

HP, Inc

48,800

9.9%

11/30/2022

Iron Mountain

36,648

7.5%

2/28/2027

10/29/2021

NAP

11/4/2021

10/29/2021

10%

Fee

NAP

67,380

22,460

41,569

3,779

150,000

Springing

50,000

2,000,000

Springing

500,000

17,730

Prepaid Rent Reserve

NAP

Hard

Springing

Yes

NAP

Jeffrey A. Pori

Yes

Acquisition

31,500,000

25,010,354

56,510,354

53,000,000

1,233,675

2,276,679

56,510,354

NAP

Loan

NYC MFRT Portfolio

2.7%

BMO

NAP

Various

137,441

438.01

30,000,000

3.96000%

0.01156%

3.94844%

NAP

100,375.00

NAP

1,204,500.00

Interest Only

Actual/360

120

1/21/2022

3/6/2022

NAP

2/6/2032

L(24),D(92),O(4)

7,151,964

3,402,799

3,749,164

10/31/2021

T-12

7,708,404

3,429,277

4,279,127

12/31/2020

T-12

NAV

95.8%

8,590,056

3,495,638

5,094,418

35,975

31,063

5,027,379

2.11

2.08

8.5%

8.4%

116,900,000

As Is

Various

51.5%

96.8%

11/11/2021

310,620

155,310

19,058

2,998

2,589

54,676

494,949

Capitalized Holdback Reserve (339,267.50), Gap Rent Reserve (125,000), Reduced Rent Reserve (30,681.85)

339,268

$339,267.50 deposited into the Capitalized Holdback Reserve to be distributed to the borrower upon certain conditions in the loan agreement

Soft (Residential); Hard (Commercial)

Springing

Yes

30,000,000

30,200,000

101,044.17

201,419.17

NAP

60,200,000

201,419.17

51.5%

2.08

8.5%

NAP

Yakubov US Trust 2013, a Florida Trust and Thomas Yakubaros

Refinance

60,200,000

7,399,151

67,599,151

65,474,829

1,264,077

860,246

67,599,151

NAP

15.01

Property

45 John Street

1.5%

56.1%

45 John Street a/k/a 1 Dutch Street

New York

10038

Mixed Use

Multifamily / Retail

1908

2017

79,915

16,843,854

4,147,843

2,389,713

1,758,130

10/31/2021

T-12

4,682,521

2,453,789

2,228,733

12/31/2020

T-12

NAV

97.4%

5,277,620

2,436,338

2,841,282

15,382

2,300

2,823,600

72,600,000

As Is

12/10/2021

99.3%

11/11/2021

Rezdora USA LLC

1,600

2.0%

8/31/2034

Suited Curation LLC

900

1.1%

5/15/2033

New Cingular Wireless PCS LLC

200

0.3%

10/2/2022

NAP

12/9/2021

NAP

12/9/2021

NAP

Fee

NAP

15.02

Property

2027-2127 Emmons Avenue

1.2%

43.9%

2027-2127 Emmons Avenue

Brooklyn

Kings

11235

Retail

Anchored

1996

NAP

57,526

13,156,146

3,004,120

1,013,086

1,991,034

10/31/2021

T-12

3,025,883

975,489

2,050,394

12/31/2020

T-12

NAV

93.7%

3,312,436

1,059,300

2,253,136

20,594

28,763

2,203,779

44,300,000

As Is

11/23/2021

93.3%

11/11/2021

Macy's Backstage

31,282

54.4%

4/30/2025

Skywise Lounge

5,923

10.3%

12/31/2031

Seaport Buffet

5,340

9.3%

8/31/2023

Cats Café

4,000

7.0%

5/31/2028

ODA House Brooklyn

��2,550

4.4%

6/30/2026

12/9/2021

NAP

12/9/2021

NAP

Fee

NAP

Loan

Western Retail Center

2.5%

100.0%

BMO

NAP

2101 West 41st Street

Sioux Falls

Minnehaha

57105

Retail

Anchored

1968

2019

387,625

72.75

28,200,000

24,085,982

3.50000%

0.01156%

3.48844%

126,630.60

83,392.36

1,519,567.20

1,000,708.32

Interest Only, Amortizing Balloon

Actual/360

120

119

360

12/16/2021

2/6/2022

2/6/2025

1/6/2032

L(25),D(91),O(4)

5,386,296

2,077,500

3,308,796

10/31/2021

T-12

4,817,316

1,916,026

2,901,290

12/31/2020

T-12

5,267,919

1,878,201

3,389,718

12/31/2019

T-12

95.0%

5,648,479

2,181,333

3,467,146

58,144

193,813

3,215,190

2.28

2.12

12.3%

11.4%

47,000,000

As Is

11/22/2021

60.0%

51.2%

98.4%

11/29/2021

SD Furniture Mart

118,488

30.6%

12/31/2031

Best Buy

48,035

12.4%

3/31/2027

Westmall 7 Theaters

29,087

7.5%

12/31/2024

Carpet One

18,414

4.8%

12/31/2031

Spaders

16,684

4.3%

8/31/2022

12/3/2021

NAP

12/3/2021

NAP

Fee

NAP

99,346

33,115

11,445

4,845

290,719

100,000

16,151

1,111,001

Expansion Work Account Reserve ($1,000,000), Outstanding TI/LC Reserve ($78,000), Free Rent Reserve ($33,001.25)

NAP

Hard

Springing

Yes

NAP

John A. Barker

Acquisition

NAP

Loan

Candlewood Suites Orlando

2.3%

100.0%

DBRI

GACC

NAP

12341-12353 Winter Garden Vineland Road

Orlando

Orange

32836

Hospitality

Extended Stay

2020

NAP

163

Rooms

159,509.20

26,000,000

21,972,761

5.03600%

0.01156%

5.02444%

140,146.22

110,628.80

1,681,754.64

1,327,545.60

Interest Only, Amortizing Balloon

Actual/360

120

118

360

11/16/2021

1/6/2022

1/6/2023

12/6/2031

L(26),D(90),O(4)

5,200,036

2,711,332

2,488,704

12/31/2021

T-12

NAV

77.0%

6,068,540

3,266,467

2,802,072

224,730

2,577,342

1.67

1.53

10.8%

9.9%

42,200,000

As Is

10/5/2021

61.6%

52.1%

69.1%

12/31/2021

NAP

10/20/2021

NAP

10/20/2021

NAP

Yes - A

Fee

NAP

40,013

20,007

116,885

19,481

18,728

840,877

NAP

Hard

Springing

Yes

NAP

William James Evans, Jack Flechner and Frederick Mitchell Burgess

Refinance

8/31/2035

112.11

86.32

77.0%

104.10

71.93

69.1%

NAV

Loan

VanWest Storage Portfolio

2.2%

KeyBank

Group C

NAP

Various

Self Storage

Various

389,878

64.12

25,000,000

4.02000%

0.02031%

3.99969%

NAP

84,913.19

NAP

1,018,958.28

Interest Only

Actual/360

120

1/21/2022

3/1/2022

NAP

2/1/2032

L(24),D(93),O(3)

3,740,946

1,544,780

2,196,168

12/31/2021

T-12

NAV

79.7%

3,916,077

1,576,710

2,339,367

46,785

2,292,582

2.30

2.25

9.4%

9.2%

46,700,000

As Portfolio

12/10/2021

53.5%

87.9%

12/21/2021

38,316

29,955

35,847

11,949

3,574

230,046

NAP

Springing

Yes

NAP

Wade Buxton, Aaron Westphal and Jacob Vanderslice

Refinance

NAP

18.01

Property

ClearHome Self Storage - Sycamore

0.4%

15.7%

370 Sycamore Road

Collierville

Shelby

38017

Self Storage

1998

NAP

50,551

3,932,584

522,628

186,372

336,256

12/31/2021

T-12

NAV

84.3%

547,097

181,465

365,632

6,066

359,566

7,000,000

As Is

12/2/2021

91.1%

12/21/2021

NAP

12/3/2021

NAP

12/3/2021

12/13/2021

13%

Fee

NAP

18.02

Property

ClearHome Self Storage - Blue Island

0.3%

14.0%

2341 135th Place

Blue Island

Cook

60406

Self Storage

1929

2014

56,068

3,511,236

674,066

384,172

289,894

12/31/2021

T-12

NAV

90.8%

701,732

412,625

289,107

6,728

282,379

6,250,000

As Is

12/5/2021

92.4%

12/21/2021

NAP

12/3/2021

NAP

12/3/2021

NAP

Fee

NAP

18.03

Property

ClearHome Storage - Walkertown

0.3%

13.4%

2875 Rocky Branch Road

Walkertown

Forsyth

27051

Self Storage

2016-2017

NAP

45,575

3,342,697

420,246

129,937

290,309

12/31/2021

T-12

NAV

94.3%

452,744

126,551

326,193

5,469

320,724

5,950,000

As Is

11/22/2021

96.6%

12/21/2021

NAP

12/3/2021

NAP

12/3/2021

NAP

Fee

NAP

18.04

Property

ClearHome Self Storage - Chaney

0.3%

13.0%

731 Chaney Drive and 698 Commerce Parkway

Collierville

Shelby

38017

Self Storage

1988

NAP

55,308

3,258,427

438,045

215,278

222,767

12/31/2021

T-12

NAV

71.2%

482,858

210,195

272,663

6,637

266,026

5,800,000

As Is

12/2/2021

75.2%

12/21/2021

NAP

12/3/2021

NAP

12/3/2021

12/13/2021

Fee

NAP

18.05

Property

ClearHome Self Storage

0.3%

12.0%

4185 Statesville Boulevard

Salisbury

Rowan

28147

Self Storage

2007

NAP

45,600

3,005,618

348,695

104,592

244,104

12/31/2021

T-12

NAV

83.0%

377,046

106,920

270,126

5,472

264,654

5,350,000

As Is

11/22/2021

98.2%

12/21/2021

NAP

12/3/2021

NAP

12/3/2021

NAP

Fee

NAP

18.06

Property

American Mini Storage

0.3%

11.5%

801 South Old Corry Field Road

Pensacola

Escambia

32507

Self Storage

1997

NAP

53,100

2,865,169

513,480

197,051

316,430

12/31/2021

T-12

NAV

78.0%

519,226

205,614

313,611

6,372

307,239

5,100,000

As Is

12/2/2021

86.5%

12/21/2021

NAP

12/3/2021

NAP

12/3/2021

NAP

Fee

NAP

18.07

Property

Marsh Harbor Self Storage

0.2%

7.6%

2193 West Highway 98

Mary Esther

Okaloosa

32569

Self Storage

2007

NAP

28,800

1,910,112

288,995

111,753

177,242

12/31/2021

T-12

NAV

65.7%

292,264

114,151

178,113

3,456

174,657

3,400,000

As Is

12/2/2021

76.9%

12/21/2021

NAP

12/6/2021

NAP

12/3/2021

NAP

Fee

NAP

18.08

Property

ClearHome Self Storage - Florosa

0.2%

7.3%

2371 West Highway 98

Mary Esther

Okaloosa

32569

Self Storage

1999

NAP

28,046

1,825,843

287,068

120,352

166,716

12/31/2021

T-12

NAV

62.9%

301,189

122,337

178,852

3,366

175,487

3,250,000

As Is

12/2/2021

76.6%

12/21/2021

NAP

12/3/2021

NAP

12/3/2021

NAP

Fee

NAP

18.09

Property

Crews Storage

0.1%

5.4%

5701 Boat Race Road

Panama City

Bay

32404

Self Storage

1988

NAP

26,830

1,348,315

247,723

95,273

152,450

12/31/2021

T-12

NAV

79.8%

241,921

96,853

145,068

3,220

141,849

2,400,000

As Is

12/2/2021

92.4%

12/21/2021

NAP

12/3/2021

NAP

12/3/2021

NAP

Fee

NAP

Loan

BJ’s Wholesale Club - Kendall

2.0%

100.0%

SMC

NAP

16200 Southwest 88th Street

Miami

Miami-Dade

33196

Retail

Single Tenant

2006

NAP

113,000

195.58

22,100,000

4.70000%

0.01156%

4.68844%

NAP

87,760.53

NAP

1,053,126.39

Interest Only

Actual/360

120

119

120

119

12/29/2021

2/6/2022

NAP

1/6/2032

L(25),D(91),O(4)

1,885,052

36,289

1,848,763

10/31/2021

T-12

1,839,075

34,899

1,804,176

12/31/2020

T-12

1,839,075

32,393

1,806,682

12/31/2019

T-12

95.0%

1,888,294

92,956

1,795,337

75,000

1,720,337

1.70

1.63

8.1%

7.8%

38,620,000

As Is

11/18/2021

57.2%

100.0%

12/29/2021

Yes

BJ's Wholesale Club, Inc.

113,000

100.0%

1/31/2027

NAP

11/29/2021

NAP

11/29/2021

NAP

Yes - AH

Fee

NAP

Springing

24,091

3,026

Springing

6,250

3,900,000

Lease Extension Reserve

NAP

Hard

Springing

Yes

NAP

Murray H. Goodman

Refinance

NAP

Loan

Wyndham National Hotel Portfolio

1.7%

UBS AG

Sabal

NAP

Various

Hospitality

Limited Service

Various

3,729

Rooms

37,194.41

20,000,000

18,914,095

13,843,962

4.85000%

0.01156%

4.83844%

121,835.26

NAP

1,462,023.16

NAP

Amortizing Balloon

Actual/360

120

270

244

11/27/2019

1/6/2020

12/6/2029

L(24),YM2(92),O(4)

65,991,899

46,332,987

19,658,912

12/31/2021

T-12

61,946,970

42,478,709

19,468,261

12/31/2020

T-12

70,330,799

48,371,215

21,959,585

12/31/2019

T-12

54.5%

65,991,899

45,395,588

20,596,311

2,639,676

17,956,635

1.94

1.69

14.8%

12.9%

215,000,000

Various

8/1/2019

64.5%

46.7%

54.5%

12/31/2021

436,502

160,955

790,391

116,681

235,965

2,014,340

14,917,247

Railroad Contract Renewal Reserve ($7,000,000), Post-Closing Obligation Reserve ($500,000), PIP Reserve ($7,417,247)

NAP

Hard

Springing

Yes

18,914,095

119,783,845

761,470.40

883,305.66

NAP

138,697,940

883,305.66

64.5%

1.69

14.8%

NAP

Tom Vukota

Acquisition

1/1/2035

70.31

38.30

54.5%

70.31

38.30

54.5%

69.99

36.80

52.6%

60.43

41.28

68.3%

20.01

Property

Travelodge - 2307 Wyoming Avenue

0.1%

7.5%

2307 Wyoming Avenue

Gillette

Campbell

82718

Hospitality

Limited Service

2001, 2007

2016-2017

154

Rooms

1,506,730

1,424,922

1,042,956

2,664,252

825,108

1,839,144

12/31/2021

T-12

2,569,114

837,658

1,731,456

12/31/2020

T-12

2,612,123

916,510

1,695,614

12/31/2019

T-12

28.4%

2,664,252

817,731

1,846,521

106,570

1,739,950

15,100,000

As Is

8/1/2019

28.4%

12/31/2021

NAP

4/9/2019

NAP

8/19/2019

NAP

Fee / Leasehold

1/30/2028

None

30,000

1/1/2035

167.10

47.38

28.4%

167.10

47.38

28.4%

176.10

45.56

25.9%

117.42

46.45

39.6%

20.02

Property

Travelodge - 2111 Camino Del Llano

0.1%

6.1%

2111 Camino Del Llano

Belen

Valencia

87002

Hospitality

Limited Service

1994, 2007

NAP

158

Rooms

1,223,903

1,157,451

847,183

3,007,302

2,114,084

893,218

12/31/2021

T-12

2,953,251

1,654,514

1,298,737

12/31/2020

T-12

3,125,220

1,788,852

1,336,368

12/31/2019

T-12

88.5%

3,007,302

2,120,154

887,148

120,292

766,856

10,800,000

As Is

8/1/2019

88.5%

12/31/2021

NAP

4/3/2019

NAP

4/5/2019

NAP

Fee

NAP

1/1/2035

49.05

43.38

88.5%

49.05

43.38

88.5%

52.80

43.58

82.5%

46.95

43.23

92.1%

20.03

Property

Travelodge - 1170 West Flaming Gorge Way

0.1%

5.8%

1170 West Flaming Gorge Way

Green River

Sweetwater

82935

Hospitality

Limited Service

1997

2016-2017

192

Rooms

1,168,580

1,105,131

808,889

3,126,580

1,826,952

1,299,628

12/31/2021

T-12

3,050,374

1,774,495

1,275,879

12/31/2020

T-12

3,175,197

1,816,563

1,358,635

12/31/2019

T-12

52.0%

3,126,580

1,776,296

1,350,285

125,063

1,225,221

13,300,000

As Is

8/1/2019

52.0%

12/31/2021

NAP

4/3/2019

NAP

4/4/2019

NAP

Fee

NAP

1/1/2035

63.90

33.22

52.0%

63.90

33.22

52.0%

65.26

33.97

52.1%

56.11

34.76

62.0%

20.04

Property

Baymont Inn & Suites - 1731 South Sunridge Drive

0.1%

5.2%

1731 South Sunridge Drive

Yuma

85365

Hospitality

Limited Service

1999

2016

119

Rooms

1,049,124

992,162

726,202

2,795,063

1,936,261

858,802

12/31/2021

T-12

2,697,139

1,725,468

971,671

12/31/2020

T-12

3,376,631

2,161,301

1,215,331

12/31/2019

T-12

59.5%

2,795,063

1,896,948

898,115

111,803

786,312

11,000,000

As Complete

8/1/2019

59.5%

12/31/2021

NAP

4/3/2019

NAP

4/2/2019

11/26/2019

Fee

NAP

1/1/2035

74.08

44.09

59.5%

74.08

44.09

59.5%

70.37

42.78

60.8%

59.07

50.13

84.9%

20.05

Property

Baymont Inn & Suites - 451 Halligan Drive

0.1%

4.0%

451 Halligan Drive

North Platte

Lincoln

69101

Hospitality

Limited Service

2005

2016-2017

135

Rooms

797,999

754,671

552,373

2,552,283

1,863,148

689,135

12/31/2021

T-12

2,326,940

1,527,580

799,360

12/31/2020

T-12

2,831,278

1,904,830

926,448

12/31/2019

T-12

41.1%

2,552,283

1,836,728

715,555

102,091

613,464

8,700,000

As Complete

8/1/2019

41.1%

12/31/2021

NAP

4/10/2019

NAP

4/22/2019

NAP

Fee

NAP

1/1/2035

74.66

30.67

41.1%

74.66

30.67

41.1%

70.87

33.10

46.7%

59.78

40.04

67.0%

20.06

Property

Baymont Inn & Suites - 1608 East Business US 60

0.1%

3.7%

1608 West Business Highway 60

Dexter

Stoddard

63841

Hospitality

Limited Service

1997, 2006, 2015

NAP

133

Rooms

745,146

704,688

515,788

2,191,987

1,255,934

936,053

12/31/2021

T-12

2,209,205

1,184,525

1,024,680

12/31/2020

T-12

2,173,237

1,365,652

807,585

12/31/2019

T-12

51.9%

2,191,987

1,224,234

967,753

87,679

880,074

9,200,000

As Complete

8/1/2019

51.9%

12/31/2021

NAP

4/5/2019

NAP

4/5/2019

11/26/2019

Fee

NAP

1/1/2035

76.53

39.72

51.9%

76.53

39.72

51.9%

76.46

40.55

53.0%

56.01

39.40

70.3%

20.07

Property

Travelodge - 1127 Pony Express Highway

0.1%

3.7%

1127 Pony Express Highway

Marysville

Marshall

66508

Hospitality

Limited Service

1999, 2007

NAP

139

Rooms

740,576

700,366

512,625

2,330,598

1,408,357

922,241

12/31/2021

T-12

2,078,559

1,262,269

816,290

12/31/2020

T-12

2,122,384

1,308,848

813,537

12/31/2019

T-12

42.6%

2,330,598

1,362,831

967,767

93,224

874,543

9,300,000

As Is

8/1/2019

42.6%

12/31/2021

NAP

4/10/2019

NAP

4/19/2019

NAP

Fee

NAP

1/1/2035

87.04

37.05

42.6%

87.04

37.05

42.6%

83.32

33.91

40.7%

64.60

34.66

53.6%

20.08

Property

Baymont Inn & Suites - 1130B B East 16th Street

0.1%

3.5%

1130B East 16th Street

Wellington

Sumner

67152

Hospitality

Limited Service

2015

NAP

110

Rooms

695,860

658,078

481,673

2,051,515

1,210,856

840,659

12/31/2021

T-12

1,908,069

1,067,852

840,217

12/31/2020

T-12

1,926,905

1,032,231

894,674

12/31/2019

T-12

86.6%

2,051,515

1,189,381

862,134

82,061

780,074

8,900,000

As Complete

8/1/2019

86.6%

12/31/2021

NAP

4/5/2019

NAP

4/18/2019

NAP

Fee

NAP

1/1/2035

58.94

51.01

86.6%

58.94

51.01

86.6%

60.76

47.35

77.9%

54.02

47.93

88.7%

20.09

Property

Travelodge - 2680 Airport Road

0.1%

3.4%

2680 Airport Road

Santa Teresa

Dona Ana

88008

Hospitality

Limited Service

2014

NAP

Rooms

677,710

640,914

469,110

1,703,496

900,585

802,911

12/31/2021

T-12

1,681,015

857,944

823,071

12/31/2020

T-12

1,714,635

896,919

817,717

12/31/2019

T-12

64.4%

1,703,496

878,278

825,218

68,140

757,078

5,600,000

As Is

8/1/2019

64.4%

12/31/2021

NAP

4/9/2019

NAP

4/10/2019

NAP

Fee

NAP

1/1/2035

85.94

55.33

64.4%

85.94

55.33

64.4%

83.22

55.00

66.1%

71.66

55.91

78.0%

20.10

Property

Super 8 - 720 Royal Parkway

0.1%

3.2%

720 Royal Parkway

Nashville

Davidson

37214

Hospitality

Limited Service

1989

2017

103

Rooms

643,744

608,792

445,599

1,346,855

1,084,619

262,236

12/31/2021

T-12

1,283,590

980,116

303,474

12/31/2020

T-12

2,224,308

1,491,329

732,980

12/31/2019

T-12

50.9%

1,346,855

1,089,105

257,750

53,874

203,876

8,000,000

As Complete

8/1/2019

50.9%

12/31/2021

NAP

4/12/2019

NAP

4/22/2019

NAP

Fee

NAP

1/1/2035

70.23

35.74

50.9%

70.23

35.74

50.9%

69.18

33.96

49.1%

74.17

58.93

79.5%

20.11

Property

Baymont Inn & Suites - 1051 North Market Street

0.1%

3.2%

1051 North Market Street

Hearne

Robertson

77859

Hospitality

Limited Service

1999, 2016

2016

140

Rooms

632,659

598,309

437,925

2,482,376

1,585,516

896,860

12/31/2021

T-12

2,397,681

1,542,526

855,155

12/31/2020

T-12

2,525,408

1,790,137

735,271

12/31/2019

T-12

56.3%

2,482,376

1,566,797

915,579

99,295

816,284

9,300,000

As Complete

8/1/2019

56.3%

12/31/2021

NAP

4/5/2019

NAP

4/18/2019

NAP

Fee

NAP

1/1/2035

69.43

39.11

56.3%

69.43

39.11

56.3%

70.14

38.30

54.6%

61.29

39.63

64.7%

20.12

Property

Baymont Inn & Suites - 2700 North Diers Parkway

0.0%

3.0%

2700 North Diers Parkway

Fremont

Dodge

68025

Hospitality

Limited Service

2007

2017-2018

100

Rooms

590,294

558,243

408,600

1,664,810

1,139,539

525,271

12/31/2021

T-12

1,719,412

1,159,124

560,288

12/31/2020

T-12

1,965,057

1,319,834

645,223

12/31/2019

T-12

47.3%

1,664,810

1,083,015

581,795

66,592

515,202

6,400,000

As Complete

8/1/2019

47.3%

12/31/2021

NAP

4/4/2019

NAP

4/5/2019

NAP

Fee

NAP

1/1/2035

77.47

36.64

47.3%

77.47

36.64

47.3%

78.56

38.10

48.5%

60.36

44.50

73.7%

20.13

Property

Baymont Inn & Suites - 95 Spruce Road

0.0%

2.9%

95 Spruce Road

Elko

89801

Hospitality

Limited Service

1999

NAP

119

Rooms

579,062

547,622

400,826

1,857,944

1,033,716

824,228

12/31/2021

T-12

1,752,479

919,819

832,660

12/31/2020

T-12

1,650,870

1,031,663

619,207

12/31/2019

T-12

64.7%

1,857,944

976,480

881,464

74,318

807,146

6,500,000

As Complete

8/1/2019

64.7%

12/31/2021

NAP

4/22/2019

NAP

4/23/2019

NAP

Fee

NAP

1/1/2035

59.87

38.75

64.7%

59.87

38.75

64.7%

60.68

36.57

60.3%

53.82

34.39

63.9%

20.14

Property

Super 8 - 2545 Cornhusker Highway

0.0%

2.8%

2545 Cornhusker Highway

Lincoln

Lancaster

68521

Hospitality

Limited Service

1983, 1993

2016

132

Rooms

569,911

538,967

394,491

930,339

740,228

190,111

12/31/2021

T-12

853,183

692,603

160,580

12/31/2020

T-12

1,656,717

1,034,548

622,169

12/31/2019

T-12

40.4%

930,339

735,993

194,346

37,214

157,133

5,500,000

As Complete

8/1/2019

40.4%

12/31/2021

NAP

4/12/2019

NAP

4/22/2019

NAP

Yes - AE

Fee

NAP

1/1/2035

47.60

19.22

40.4%

47.60

19.22

40.4%

44.17

17.59

39.8%

46.69

34.30

73.5%

20.15

Property

Travelodge - 1110 Southeast 4th Street

0.0%

2.8%

1110 Southeast 4th Street

Hermiston

Umatilla

97838

Hospitality

Limited Service

2002

NAP

Rooms

561,491

531,004

388,663

1,405,717

868,272

537,445

12/31/2021

T-12

1,344,049

684,349

659,700

12/31/2020

T-12

1,474,812

864,604

610,207

12/31/2019

T-12

68.9%

1,405,717

842,523

563,194

56,229

506,966

6,500,000

As Is

8/1/2019

68.9%

12/31/2021

NAP

4/11/2019

NAP

4/22/2019

NAP

Fee

NAP

1/1/2035

62.04

42.72

68.9%

62.04

42.72

68.9%

69.35

42.30

61.0%

58.27

46.84

80.4%

20.16

Property

Baymont Inn & Suites - 2300 Valley West Court

0.0%

2.5%

2300 Valley West Court

Clinton

52732

Hospitality

Limited Service

2005

NAP

123

Rooms

501,435

474,210

347,093

1,457,478

976,734

480,744

12/31/2021

T-12

1,351,305

916,927

434,378

12/31/2020

T-12

1,572,316

1,029,051

543,265

12/31/2019

T-12

46.9%

1,457,478

946,273

511,205

58,299

452,906

4,500,000

As Complete

8/1/2019

46.9%

12/31/2021

NAP

4/4/2019

NAP

4/2/2019

NAP

Yes - AE

Fee

NAP

1/1/2035

62.89

29.48

46.9%

62.89

29.48

46.9%

72.14

29.49

40.9%

54.73

34.94

63.8%

20.17

Property

Travelodge - 800 West Laramie Street

0.0%

2.5%

800 West Laramie Street

Guernsey

Platte

82214

Hospitality

Limited Service

1978, 1980

2017

Rooms

498,944

471,854

345,368

1,305,805

708,602

597,203

12/31/2021

T-12

1,297,092

701,529

595,563

12/31/2020

T-12

1,269,872

750,073

519,800

12/31/2019

T-12

64.3%

1,305,805

705,110

600,695

52,232

548,463

4,300,000

As Is

8/1/2019

64.3%

12/31/2021

NAP

4/9/2019

NAP

4/9/2019

NAP

Fee

NAP

1/1/2035

58.11

37.40

64.3%

58.11

37.40

64.3%

56.37

37.19

66.0%

41.20

36.36

88.2%

20.18

Property

Travelodge - 22 North Frontage Road

0.0%

2.5%

22 North Frontage Road

Pecos

Reeves

79772

Hospitality

Limited Service

2001, 2008

2015

Rooms

494,558

467,706

342,332

1,329,337

703,906

625,431

12/31/2021

T-12

1,216,924

702,193

514,731

12/31/2020

T-12

1,412,849

839,250

573,599

12/31/2019

T-12

59.4%

1,329,337

714,490

614,847

53,173

561,674

5,200,000

As Is

8/1/2019

59.4%

12/31/2021

NAP

4/11/2019

NAP

4/23/2019

NAP

Fee

NAP

1/1/2035

86.70

51.50

59.4%

86.70

51.50

59.4%

82.91

46.44

56.0%

72.93

55.47

76.1%

20.19

Property

Travelodge - 123 Westvaco Road

0.0%

2.3%

123 Westvaco Road

Low Moor

Alleghany

24457

Hospitality

Limited Service

2009

NAP

Rooms

465,767

440,478

322,403

1,408,063

933,201

474,862

12/31/2021

T-12

1,189,053

766,269

422,784

12/31/2020

T-12

1,481,569

901,610

579,959

12/31/2019

T-12

70.8%

1,408,063

907,499

500,564

56,323

444,241

3,700,000

As Is

8/1/2019

70.8%

12/31/2021

NAP

4/10/2019

NAP

4/22/2019

NAP

Fee

NAP

1/1/2035

105.53

74.74

70.8%

105.53

74.74

70.8%

113.05

65.90

58.3%

114.55

80.67

70.4%

20.20

Property

Baymont Inn & Suites - 2006 North Merrill Avenue

0.0%

2.3%

2006 North Merrill Avenue

Glendive

Dawson

59330

Hospitality

Limited Service

2014

NAP

�� 74

Rooms

453,525

428,901

313,929

1,756,331

1,136,389

619,942

12/31/2021

T-12

1,562,503

1,084,179

478,324

12/31/2020

T-12

1,752,413

1,232,082

520,332

12/31/2019

T-12

58.2%

1,756,331

1,093,240

663,091

70,253

592,838

4,200,000

As Complete

8/1/2019

58.2%

12/31/2021

NAP

4/10/2019

NAP

4/4/2019

NAP

Fee

NAP

1/1/2035

87.41

50.88

58.2%

87.41

50.88

58.2%

77.95

44.93

57.6%

69.72

47.92

68.7%

20.21

Property

Travelodge - 1710 Jefferson Street

0.0%

2.1%

1710 Jefferson Street

Jefferson City

Cole

65109

Hospitality

Limited Service

1991

2013-2014

Rooms

414,603

392,092

286,987

408,550

518,609

(110,059)

12/31/2021

T-12

883,251

690,774

192,477

12/31/2020

T-12

1,314,329

911,973

402,357

12/31/2019

T-12

25.4%

408,550

509,369

(100,819)

16,342

(117,161)

5,200,000

As Is

8/1/2019

25.4%

12/31/2021

NAP

4/9/2019

NAP

4/19/2019

NAP

Fee

NAP

1/1/2035

56.53

14.38

25.4%

56.53

14.38

25.4%

60.25

26.73

44.4%

54.02

40.32

74.6%

20.22

Property

Travelodge - 1625 Stillwater Avenue

0.0%

2.1%

1625 Stillwater Avenue

Cheyenne

Laramie

82009

Hospitality

Limited Service

1999

2016-2017

Rooms

414,390

391,890

286,840

1,670,366

1,249,339

421,027

12/31/2021

T-12

1,389,515

1,079,454

310,061

12/31/2020

T-12

1,650,274

1,250,362

399,912

12/31/2019

T-12

71.1%

1,670,366

1,222,630

447,736

66,815

380,922

4,300,000

As Is

8/1/2019

71.1%

12/31/2021

NAP

4/8/2019

NAP

4/18/2019

NAP

Fee

NAP

1/1/2035

71.96

51.20

71.1%

71.96

51.20

71.1%

66.92

41.42

61.9%

55.56

48.07

86.5%

20.23

Property

Travelodge - 8233 Airline Highway

0.0%

2.0%

8233 Airline Highway

Livonia

Pointe Coupee

70755

Hospitality

Limited Service

2013

NAP

Rooms

407,338

385,221

281,958

1,099,038

649,945

449,093

12/31/2021

T-12

1,078,710

607,208

471,502

12/31/2020

T-12

1,102,062

624,481

477,580

12/31/2019

T-12

63.3%

1,099,038

631,230

467,808

43,962

423,846

4,200,000

As Is

8/1/2019

63.3%

12/31/2021

NAP

4/8/2019

NAP

4/9/2019

NAP

Fee

NAP

1/1/2035

74.11

46.91

63.3%

74.11

46.91

63.3%

72.05

45.85

63.6%

59.33

47.11

79.4%

20.24

Property

Baymont Inn & Suites - 6390 US-93

0.0%

1.9%

6390 US-93

Whitefish

Flathead

59937

Hospitality

Limited Service

1991

2017

Rooms

377,688

357,181

261,435

1,304,851

831,733

473,118

12/31/2021

T-12

1,179,847

748,718

431,129

12/31/2020

T-12

1,371,505

964,531

406,974

12/31/2019

T-12

63.5%

1,304,851

810,916

493,935

52,194

441,741

4,000,000

As Complete

8/1/2019

63.5%

12/31/2021

NAP

4/22/2019

NAP

4/22/2019

11/26/2019

Fee

NAP

1/1/2035

87.66

55.63

63.5%

87.66

55.63

63.5%

80.23

50.22

62.6%

85.22

58.49

68.6%

20.25

Property

Travelodge - 707 East Webster Street

0.0%

1.8%

707 East Webster Street

Morrill

Scotts Bluff

69358

Hospitality

Limited Service

1998-1999

2016

Rooms

350,240

331,224

242,435

1,384,924

1,082,638

302,286

12/31/2021

T-12

1,360,171

1,002,282

357,889

12/31/2020

T-12

1,506,788

1,176,156

330,631

12/31/2019

T-12

36.2%

1,384,924

1,058,460

326,464

55,397

271,067

3,300,000

As Is

8/1/2019

36.2%

12/31/2021

NAP

4/11/2019

NAP

4/19/2019

NAP

Fee

NAP

1/1/2035

71.60

25.93

36.2%

71.60

25.93

36.2%

79.89

26.21

32.8%

59.56

29.54

49.6%

20.26

Property

Travelodge - 777 West Hwy 21

0.0%

1.7%

777 West Highway 21

Milford

Beaver

84751

Hospitality

Limited Service

2002, 2006

NAP

Rooms

333,476

315,370

230,831

1,453,172

1,073,730

379,442

12/31/2021

T-12

1,331,434

984,047

347,387

12/31/2020

T-12

1,370,336

1,015,597

354,739

12/31/2019

T-12

53.9%

1,453,172

1,034,892

418,280

58,127

360,153

3,400,000

As Is

8/1/2019

53.9%

12/31/2021

NAP

4/10/2019

NAP

4/19/2019

NAP

Yes - D

Fee

NAP

1/1/2035

66.87

36.06

53.9%

66.87

36.06

53.9%

57.79

32.66

56.5%

57.16

34.18

59.8%

20.27

Property

Travelodge - 3522 North Highway 59

0.0%

1.6%

3522 North Highway 59

Douglas

Converse

82633

Hospitality

Limited Service

2007

2014

112

Rooms

321,651

304,187

222,646

937,283

1,043,145

(105,862)

12/31/2021

T-12

1,014,158

947,233

66,925

12/31/2020

T-12

1,541,606

1,185,933

355,673

12/31/2019

T-12

29.3%

937,283

1,021,373

(84,090)

37,491

(121,581)

1,900,000

As Is

8/1/2019

29.3%

12/31/2021

NAP

4/9/2019

NAP

4/18/2019

NAP

Fee

NAP

1/1/2035

53.62

15.73

29.3%

53.62

15.73

29.3%

58.78

19.98

34.0%

53.72

29.50

54.9%

20.28

Property

Travelodge - 108 6th Avenue

0.0%

1.5%

108 6th Avenue

Edgemont

Fall River

57735

Hospitality

Limited Service

1987

2016-2017

Rooms

305,466

288,880

211,443

914,160

444,902

469,258

12/31/2021

T-12

862,845

438,298

424,547

12/31/2020

T-12

880,440

506,986

373,455

12/31/2019

T-12

59.8%

914,160

476,874

437,286

36,566

400,719

3,100,000

As Is

8/1/2019

59.8%

12/31/2021

NAP

4/9/2019

NAP

4/5/2019

NAP

Fee

NAP

1/1/2035

75.96

45.41

59.8%

75.96

45.41

59.8%

88.81

42.81

48.2%

58.85

43.61

74.1%

20.29

Property

Travelodge - 2200 East South Avenue

0.0%

1.5%

2200 East South Avenue

McAlester

Pittsburg

74501

Hospitality

Limited Service

2011

NAP

Rooms

295,264

279,232

204,381

1,039,436

611,547

427,889

12/31/2021

T-12

809,907

553,175

256,732

12/31/2020

T-12

927,072

615,518

311,555

12/31/2019

T-12

68.1%

1,039,436

599,286

440,150

41,577

398,572

3,700,000

As Is

8/1/2019

68.1%

12/31/2021

NAP

4/10/2019

NAP

4/19/2019

NAP

Fee

NAP

1/1/2035

59.78

40.70

68.1%

59.78

40.70

68.1%

61.79

35.22

57.0%

55.13

41.56

75.4%

20.30

Property

Travelodge - 128 South Willow Road

0.0%

1.2%

128 South Willow Road

Missouri Valley

Harrison

51555

Hospitality

Limited Service

2006

NAP

Rooms

249,724

236,165

172,858

1,306,612

986,014

320,598

12/31/2021

T-12

1,238,285

915,556

322,729

12/31/2020

T-12

1,253,529

970,238

283,291

12/31/2019

T-12

61.4%

1,306,612

954,808

351,804

52,264

299,539

2,700,000

As Is

8/1/2019

61.4%

12/31/2021

NAP

4/11/2019

NAP

4/19/2019

NAP

Yes - AO

Fee

NAP

1/1/2035

77.79

47.79

61.4%

77.79

47.79

61.4%

71.25

47.99

67.4%

64.55

46.58

72.2%

20.31

Property

Travelodge - 1005 Highway 285

0.0%

1.2%

1005 Highway 285

Vaughn

Guadalupe

88353

Hospitality

Limited Service

1998

NAP

Rooms

249,192

235,662

172,490

1,564,378

1,143,798

420,580

12/31/2021

T-12

1,538,135

1,132,592

405,543

12/31/2020

T-12

1,549,631

1,234,424

315,206

12/31/2019

T-12

75.1%

1,564,378

1,133,044

431,334

62,575

368,759

2,000,000

As Is

8/1/2019

75.1%

12/31/2021

NAP

4/11/2019

NAP

4/19/2019

NAP

Fee

NAP

1/1/2035

68.33

51.33

75.1%

68.33

51.33

75.1%

65.51

48.94

74.7%

57.97

44.06

76.0%

20.32

Property

Days Inn - 3431 14th Avenue South

0.0%

1.1%

3431 14th Avenue

Fargo

Cass

58103

Hospitality

Limited Service

1993

NAP

Rooms

212,430

200,896

147,044

1,271,851

1,087,193

184,658

12/31/2021

T-12

1,057,235

1,025,063

32,172

12/31/2020

T-12

1,283,295

1,128,698

154,597

12/31/2019

T-12

71.1%

1,271,851

1,054,921

216,930

50,874

166,056

2,500,000

As Is

8/1/2019

71.1%

12/31/2021

NAP

4/12/2019

NAP

4/22/2019

NAP

Fee

NAP

1/1/2035

60.13

42.76

71.1%

60.13

42.76

71.1%

55.18

34.79

63.0%

57.70

47.46

82.3%

20.33

Property

Travelodge - 2505 US 69

0.0%

0.9%

2505 US 69

Fort Scott

Bourbon

66701

Hospitality

Limited Service

2001

NAP

Rooms

182,654

172,737

126,433

1,047,625

859,236

188,389

12/31/2021

T-12

758,478

735,208

23,270

12/31/2020

T-12

1,016,601

840,521

176,079

12/31/2019

T-12

55.9%

1,047,625

841,600

206,025

41,905

164,120

1,000,000

As Is

8/1/2019

55.9%

12/31/2021

NAP

4/9/2019

NAP

4/19/2019

NAP

Fee

NAP

1/1/2035

62.78

35.08

55.9%

62.78

35.08

55.9%

53.06

24.39

46.0%

52.49

34.03

64.8%

20.34

Property

Baymont Inn & Suites - 3475 Union Road

0.0%

0.9%

3475 Union Road

Buffalo

Erie

14225

Hospitality

Limited Service

2003

NAP

Rooms

176,307

166,735

122,040

920,646

867,910

52,736

12/31/2021

T-12

889,128

751,563

137,565

12/31/2020

T-12

1,006,289

796,473

209,816

12/31/2019

T-12

57.4%

920,646

842,410

78,236

36,826

41,410

3,800,000

As Complete

8/1/2019

57.4%

12/31/2021

NAP

4/15/2019

NAP

4/11/2019

NAP

Fee

NAP

1/1/2035

76.65

43.99

57.4%

76.65

43.99

57.4%

74.75

42.35

56.7%

73.08

48.21

66.0%

20.35

Property

Travelodge - 1706 North Park Drive

0.0%

0.8%

1706 North Park Drive

Winslow

Navajo

86047

Hospitality

Limited Service

1982

NAP

Rooms

169,828

160,607

117,554

1,046,395

931,332

115,063

12/31/2021

T-12

1,028,548

862,967

165,581

12/31/2020

T-12

1,062,553

892,540

170,014

12/31/2019

T-12

78.9%

1,046,395

915,082

131,313

41,856

89,458

1,400,000

As Is

8/1/2019

78.9%

12/31/2021

NAP

4/5/2019

NAP

4/19/2019

NAP

Yes - AE

Fee

NAP

1/1/2035

49.68

39.19

78.9%

49.68

39.19

78.9%

45.36

38.44

84.7%

42.59

39.84

93.5%

20.36

Property

Baymont Inn & Suites - 2005 Daley Street

0.0%

0.8%

2005 Daley Street

Rawlins

Carbon

82301

Hospitality

Limited Service

2006

2016-2017

Rooms

163,125

154,268

112,915

1,214,290

1,001,342

212,948

12/31/2021

T-12

1,255,559

1,070,794

184,765

12/31/2020

T-12

1,392,356

1,205,217

187,139

12/31/2019

T-12

53.9%

1,214,290

980,852

233,438

48,572

184,866

2,700,000

As Complete

8/1/2019

53.9%

12/31/2021

NAP

4/5/2019

NAP

4/18/2019

NAP

Fee

NAP

1/1/2035

69.86

37.67

53.9%

69.86

37.67

53.9%

62.82

34.52

55.0%

62.88

34.14

54.3%

20.37

Property

Travelodge - 1177 East 16th Street

0.0%

0.7%

1177 East 16th Street

Wellington

Sumner

67152

Hospitality

Limited Service

1993, 1999

NAP

Rooms

149,946

141,805

103,793

1,390,370

1,220,268

170,102

12/31/2021

T-12

1,061,013

1,100,990

(39,977)

12/31/2020

T-12

1,283,263

1,153,085

130,178

12/31/2019

T-12

27.6%

1,390,370

1,196,209

194,161

55,615

138,546

1,000,000

As Is

8/1/2019

27.6%

12/31/2021

NAP

4/11/2019

NAP

4/19/2019

NAP

Fee

NAP

1/1/2035

53.50

14.75

27.6%

53.50

14.75

27.6%

49.81

10.30

20.7%

52.43

14.39

27.4%

20.38

Property

Baymont Inn & Suites - 35450 Yermo Road

0.0%

0.7%

35450 Yermo Road

Yermo

San Bernardino

92398

Hospitality

Limited Service

2002

NAP

Rooms

146,290

138,347

101,262

1,205,989

1,223,459

(17,470)

12/31/2021

T-12

1,071,321

1,112,134

(40,813)

12/31/2020

T-12

1,335,088

1,215,069

120,019

12/31/2019

T-12

50.8%

1,205,989

1,197,775

8,214

48,240

(40,026)

2,200,000

As Complete

8/1/2019

50.8%

12/31/2021

NAP

4/8/2019

NAP

4/8/2019

10/8/2019

Fee

NAP

1/1/2035

68.68

34.91

50.8%

68.68

34.91

50.8%

67.76

35.91

53.0%

63.01

41.59

66.0%

20.39

Property

Travelodge - 2407 East Holland Avenue

0.0%

0.6%

2407 East Holland Avenue

Alpine

Brewster

79830

Hospitality

Limited Service

2002

2014

Rooms

121,269

114,685

83,942

1,243,981

1,163,784

80,197

12/31/2021

T-12

964,800

1,072,053

(107,253)

12/31/2020

T-12

1,303,554

1,135,154

168,401

12/31/2019

T-12

61.7%

1,243,981

1,154,493

89,488

49,759

39,729

2,100,000

As Is

8/1/2019

61.7%

12/31/2021

NAP

4/5/2019

NAP

4/5/2019

NAP

Fee

NAP

1/1/2035

77.09

47.53

61.7%

77.09

47.53

61.7%

71.01

38.68

54.5%

66.01

48.74

73.8%

20.40

Property

Travelodge - 620 Souder Road

0.0%

0.6%

620 Souder Road

Brunswick

Frederick

21712

Hospitality

Limited Service

2014

NAP

Rooms

110,345

104,354

76,380

822,564

794,427

28,137

12/31/2021

T-12

591,521

657,897

(66,376)

12/31/2020

T-12

712,243

764,884

(52,640)

12/31/2019

T-12

42.2%

822,564

788,129

34,435

32,903

1,532

800,000

As Is

8/1/2019

42.2%

12/31/2021

NAP

4/8/2019

NAP

4/11/2019

NAP

Fee

NAP

1/1/2035

142.49

60.12

42.2%

142.49

60.12

42.2%

159.98

47.17

29.5%

106.54

52.24

49.0%

20.41

Property

Baymont Inn & Suites - 100 15th Street Southeast

0.0%

0.4%

100 15th Street Southeast

Glenwood

Pope

56334

Hospitality

Limited Service

2012

NAP

Rooms

83,051

78,541

57,488

1,187,572

1,086,316

101,256

12/31/2021

T-12

934,291

881,034

53,257

12/31/2020

T-12

1,127,573

1,013,741

113,833

12/31/2019

T-12

61.7%

1,187,572

1,071,854

115,718

47,503

�� 68,215

1,900,000

As Is

8/1/2019

61.7%

12/31/2021

NAP

4/5/2019

NAP

4/18/2019

NAP

Fee

NAP

1/1/2035

75.43

46.54

61.7%

75.43

46.54

61.7%

85.61

37.12

43.4%

65.10

42.07

64.6%

20.42

Property

Travelodge - 109 East Commerce Street

0.0%

0.3%

109 East Commerce Street

Sharon Springs

Wallace

67758

Hospitality

Limited Service

1997

NAP

Rooms

68,966

65,221

47,738

659,474

701,041

(41,567)

12/31/2021

T-12

730,264

697,674

32,590

12/31/2020

T-12

781,393

830,670

(49,277)

12/31/2019

T-12

26.9%

659,474

684,830

(25,356)

26,379

(51,735)

500,000

As Is

8/1/2019

26.9%

12/31/2021

NAP

4/10/2019

NAP

4/19/2019

NAP

Fee

NAP

1/1/2035

69.36

18.64

26.9%

69.36

18.64

26.9%

104.51

25.32

24.2%

79.58

25.46

32.0%

20.43

Property

Travelodge - 4000 Siskiyou Avenue

0.0%

0.3%

4000 Siskiyou Avenue

Dunsmuir

Siskiyou

96025

Hospitality

Limited Service

2007

2017

Rooms

55,172

52,177

38,190

778,734

784,980

(6,246)

12/31/2021

T-12

693,059

688,515

4,544

12/31/2020

T-12

681,015

685,673

(4,658)

12/31/2019

T-12

74.5%

778,734

754,796

23,938

31,149

(7,211)

400,000

As Is

8/1/2019

74.5%

12/31/2021

NAP

4/22/2019

NAP

4/8/2019

10/8/2019

Fee

NAP

1/1/2035

80.88

60.23

74.5%

80.88

60.23

74.5%

74.16

56.00

75.5%

66.22

52.78

79.7%

20.44

Property

Travelodge - 98 Moffat Avenue

0.0%

0.2%

98 Moffat Avenue

Yampa

Routt

80483

Hospitality

Limited Service

2001

NAP

Rooms

44,569

42,149

30,850

751,507

724,292

27,215

12/31/2021

T-12

784,558

681,541

103,017

12/31/2020

T-12

834,198

777,404

56,793

12/31/2019

T-12

35.5%

751,507

696,647

54,860

30,060

24,800

900,000

As Is

8/1/2019

35.5%

12/31/2021

NAP

4/11/2019

NAP

4/22/2019

NAP

Fee

NAP

1/1/2035

103.00

36.54

35.5%

103.00

36.54

35.5%

119.08

39.87

33.5%

94.88

38.08

40.1%

Loan

Fleet Farm - Stevens Point

1.6%

100.0%

KeyBank

Group B

NAP

5590 US Highway 10 East

Stevens Point

Portage

54482

Retail

Single Tenant

2010

NAP

170,642

105.48

18,000,000

3.77000%

0.02031%

3.74969%

NAP

57,335.42

NAP

688,025.04

Interest Only

Actual/360

120

1/19/2022

3/1/2022

NAP

2/1/2032

L(24),D(93),O(3)

NAV

95.0%

2,560,920

632,503

1,928,418

34,128

51,058

1,843,232

2.80

2.68

10.7%

10.2%

30,000,000

As Is

12/16/2021

60.0%

100.0%

1/19/2022

Yes

Mills Fleet Farm

170,642

100.0%

10/31/2041

NAP

11/30/2021

NAP

11/22/2021

NAP

Fee

NAP

18,953

Springing

200,000

Springing

200,000

700,000

Springing

700,000

NAP

Hard

Springing

Yes

NAP

Jeff Pori

Yes

Acquisition

NAP

Loan

Meadowood Mall

1.6%

100.0%

BMO, WFBNA, Barclays, 3650 REIT

BMO

NAP

5000 Meadowood Mall Circle

Reno

Washoe

89502

Retail

Regional Mall

1978

2013

456,841

174.46

18,000,000

17,933,084

15,712,359

3.93000%

0.01281%

3.91719%

94,316.30

NAP

1,131,795.59

NAP

Amortizing Balloon

Actual/360

300

298

11/5/2021

1/1/2022

12/1/2026

L(26),D(27),O(7)

19,676,247

5,271,584

14,404,663

8/31/2021

T-12

19,340,687

6,237,429

13,103,258

12/31/2020

T-12

20,898,165

5,421,321

15,476,844

12/31/2019

T-12

90.1%

20,594,293

4,726,478

15,867,815

114,210

770,276

14,983,329

3.15

2.98

19.9%

18.8%

227,100,000

As Is

10/11/2021

35.1%

30.7%

90.0%

10/13/2021

Macy's

98,721

21.6%

3/31/2030

Dick's Sporting Goods

50,133

11.0%

1/31/2027

Crunch Fitness

25,183

5.5%

8/31/2029

H&M

22,100

4.8%

1/31/2024

Forever 21

20,022

4.4%

1/31/2023

10/15/2021

NAP

10/15/2021

10/29/2021

12%

Fee

NAP

Springing

3,000,000

Springing

228,420

76,140

NAP

Hard

Springing

Yes

17,933,084

61,769,513

324,867.25

419,183.55

27,979,523

10.75000%

107,682,120

688,569.51

47.4%

1.81

14.7%

NAP

Simon Property Group, L.P.

Refinance

NAP

Loan

Wagschal Multifamily Portfolio

1.5%

SMC

NAP

Various

Brooklyn

Kings

Various

Multifamily

Low Rise

Various

Units

456,756.76

16,900,000

4.48500%

0.01156%

4.47344%

NAP

64,041.02

NAP

768,492.29

Interest Only

Actual/360

120

1/7/2022

3/6/2022

NAP

2/6/2032

L(24),D(92),O(4)

1,445,567

191,759

1,253,809

11/30/2021

T-12

1,365,263

192,827

1,172,437

12/31/2020

T-12

1,457,415

180,748

1,276,667

12/31/2019

T-12

95.0%

1,488,441

213,059

1,275,382

9,000

6,400

1,259,982

1.66

1.64

7.5%

27,350,000

As Portfolio

1/1/2022

61.8%

100.0%

10/12/2021

12,920

4,307

50,457

4,847

750

267

42,906

NAP

Soft

Springing

Yes

NAP

Joshua Wagschal and Herschel Bodansky

Refinance

NAP

23.01

Property

318 Bedford Avenue

0.2%

16.2%

318 Bedford Avenue

Brooklyn

Kings

11249

Multifamily

Low Rise

1899

2017

Units

2,735,260

253,986

24,215

229,771

11/30/2021

T-12

237,250

24,010

213,240

12/31/2020

T-12

176,950

18,815

158,135

12/31/2019

T-12

95.0%

243,846

22,741

221,105

500

3,200

217,405

4,200,000

As Is

1/1/2022

100.0%

10/12/2021

NAP

8/25/2021

NAP

8/23/2021

NAP

Fee

NAP

23.02

Property

130 South 2nd Street

0.2%

13.5%

130 South 2nd Street

Brooklyn

Kings

11249

Multifamily

Low Rise

1910

NAP

Units

2,279,383

197,670

25,226

172,444

11/30/2021

T-12

168,093

24,396

143,696

12/31/2020

T-12

207,230

23,488

183,742

12/31/2019

T-12

95.0%

188,100

27,981

160,119

1,000

159,119

3,500,000

As Is

1/1/2022

100.0%

10/12/2021

NAP

8/25/2021

NAP

8/23/2021

NAP

Fee

NAP

23.03

Property

740 Driggs Avenue

0.2%

11.2%

740 Driggs Avenue

Brooklyn

Kings

11211

Multifamily

Low Rise

1930

2012

Units

1,888,632

112,900

19,452

93,448

11/30/2021

T-12

99,709

20,226

79,483

12/31/2020

T-12

123,841

19,866

103,975

12/31/2019

T-12

95.0%

184,395

24,167

160,228

500

2,400

157,328

2,900,000

As Is

1/1/2022

100.0%

10/12/2021

NAP

8/23/2021

NAP

8/23/2021

NAP

Fee

NAP

23.04

Property

182 Meserole Street

0.2%

11.2%

182 Meserole Street

Brooklyn

Kings

11206

Multifamily

Low Rise

1920

NAP

Units

1,888,632

174,932

19,083

155,850

11/30/2021

T-12

174,331

18,489

155,842

12/31/2020

T-12

176,050

18,455

157,595

12/31/2019

T-12

95.0%

167,010

22,419

144,591

1,250

143,341

2,900,000

As Is

1/1/2022

100.0%

10/12/2021

NAP

8/25/2021

NAP

8/23/2021

NAP

Fee

NAP

23.05

Property

178 Meserole Street

0.2%

10.4%

178 Meserole Street

Brooklyn

Kings

11206

Multifamily

Low Rise

1920

NAP

Units

1,758,382

167,554

19,081

148,473

11/30/2021

T-12

168,220

19,207

149,013

12/31/2020

T-12

166,425

17,260

149,166

12/31/2019

T-12

95.0%

161,880

22,475

139,405

1,250

138,155

2,700,000

As Is

1/1/2022

100.0%

10/12/2021

NAP

8/25/2021

NAP

8/23/2021

NAP

Fee

NAP

23.06

Property

180 Meserole Street

0.2%

10.0%

180 Meserole Street

Brooklyn

Kings

11206

Multifamily

Low Rise

1920

NAP

Units

1,693,256

149,700

19,613

130,087

11/30/2021

T-12

155,565

19,287

136,278

12/31/2020

T-12

158,300

18,923

139,377

12/31/2019

T-12

95.0%

146,490

23,077

123,413

1,250

122,163

2,600,000

As Is

1/1/2022

100.0%

10/12/2021

NAP

8/25/2021

NAP

8/23/2021

NAP

Fee

NAP

23.07

Property

342 Rodney Street

0.1%

9.8%

342 Rodney Street

Brooklyn

Kings

11211

Multifamily

Low Rise

1910

NAP

Units

1,660,694

137,350

16,895

120,455

11/30/2021

T-12

129,970

19,162

110,808

12/31/2020

T-12

180,155

19,123

161,032

12/31/2019

T-12

95.0%

145,350

19,687

125,663

1,000

124,663

2,550,000

As Is

1/1/2022

100.0%

10/12/2021

NAP

8/26/2021

NAP

8/23/2021

NAP

Fee

NAP

23.08

Property

68 Carroll Street

0.1%

6.9%

68 Carroll Street

Brooklyn

Kings

11231

Multifamily

Low Rise

1899

NAP

Units

1,172,254

84,400

18,683

65,717

11/30/2021

T-12

78,926

18,711

60,215

12/31/2020

T-12

88,149

17,215

70,934

12/31/2019

T-12

95.0%

91,770

19,711

72,059

750

800

70,509

1,800,000

As Is

1/1/2022

100.0%

10/12/2021

NAP

8/23/2021

NAP

8/23/2021

NAP

Fee

NAP

23.09

Property

144 Huntington Street

0.1%

5.6%

144 Huntington Street

Brooklyn

Kings

11231

Multifamily

Low Rise

1901

NAP

Units

944,316

77,000

15,043

61,957

11/30/2021

T-12

57,750

14,647

43,103

12/31/2020

T-12

77,015

13,566

63,449

12/31/2019

T-12

95.0%

73,530

15,785

57,745

750

56,995

1,450,000

As Is

1/1/2022

100.0%

10/12/2021

NAP

8/25/2021

NAP

8/23/2021

NAP

Fee

NAP

23.10

Property

440 Lorimer Street

0.1%

5.2%

440 Lorimer Street

Brooklyn

Kings

11206

Multifamily

Low Rise

1910

NAP

Units

879,191

90,075

14,468

75,607

11/30/2021

T-12

95,450

14,693

80,757

12/31/2020

T-12

103,300

14,038

89,262

12/31/2019

T-12

95.0%

86,070

15,015

71,055

750

70,305

1,350,000

As Is

1/1/2022

100.0%

10/12/2021

NAP

8/26/2021

NAP

8/23/2021

NAP

Fee

NAP

Loan

Warrington Plaza

1.4%

100.0%

BMO

NAP

540 Easton Road

Warrington

Bucks

18976

Retail

Anchored

1970

1997

87,581

179.61

15,730,000

12,981,776

3.30000%

0.01156%

3.28844%

68,890.36

43,858.30

826,684.32

526,299.60

Interest Only, Amortizing Balloon

Actual/360

120

119

360

12/20/2021

2/6/2022

2/6/2024

1/6/2032

L(25),D(91),O(4)

2,235,934

484,650

1,751,284

9/30/2021

T-12

1,914,110

487,765

1,426,345

12/31/2020

T-12

2,126,739

492,470

1,634,269

12/31/2019

T-12

92.5%

2,162,548

545,996

1,616,552

13,137

39,411

1,564,003

1.96

1.89

10.3%

9.9%

24,700,000

As Is

11/17/2021

63.7%

52.6%

100.0%

11/23/2021

Avalon Carpet & Tile

35,000

40.0%

8/31/2035

Rite Aid

8,640

9.9%

3/31/2032

Vamanos Childcare Svc.

7,695

8.8%

5/31/2029

Huntington Valley Bank

4,577

5.2%

5/31/2025

Warrington Pizza Restaurant

4,500

5.1%

3/31/2031

12/9/2021

NAP

11/19/2021

NAP

Fee

NAP

50,924

16,725

3,824

1,095

50,000

3,650

150,000

NAP

Soft

Springing

Yes

NAP

Benjamin Braunstein and Harry Braunstein

Acquisition

NAP

Loan

Midway Market Square

1.3%

100.0%

Sabal Capital II, LLC

Sabal

NAP

1180 West River Road North

Elyria

Lorain

44035

Retail

Anchored

1999

NAP

224,805

66.72

15,000,000

9,222,793

4.41000%

0.09031%

4.31969%

94,170.24

NAP

1,130,042.88

NAP

Amortizing Balloon

Actual/360

120

240

1/21/2022

3/6/2022

2/6/2032

L(24),D(92),O(4)

2,012,711

911,530

1,101,181

12/31/2021

T-12

2,167,716

860,468

1,307,248

12/31/2020

T-12

2,316,710

761,109

1,555,601

12/31/2019

T-12

95.0%

2,551,658

879,817

1,671,842

46,529

85,426

1,539,887

1.48

1.36

11.1%

10.3%

25,500,000

As Is

11/18/2021

58.8%

36.2%

100.0%

1/1/2022

Giant Eagle

95,440

42.5%

8/31/2028

Gabriel Brothers, Inc.

48,265

21.5%

9/30/2031

Jo-Ann Fabrics & Crafts

25,594

11.4%

1/31/2025

Altitude Trampoline Park

25,031

11.1%

2/28/2031

Pet Supplies Plus

9,000

4.0%

6/30/2028

1/7/2022

NAP

1/7/2022

NAP

Fee

NAP

191,208

47,802

17,144

4,286

3,877

7,119

71,250

207,020

Gabes Rent Reserve ($39,780.82), Altitude Trampoline Rent Reserve ($22,238.84), Ross Education Rent Reserve ($30,000), Ross Education Leasing Reserve ($25,000), Pet Supplies Leasing Reserve ($90,000)

NAP

Springing

Yes

NAP

Yes

Future Mezzanine Loan

Judy Pollak

Refinance

NAP

Loan

Peoria Center at Arrowhead

1.3%

100.0%

SMC

NAP

16155 and 16165 North 83rd Avenue

Peoria

Maricopa

85382

Office

Suburban

2006

NAP

85,341

169.03

14,425,000

4.03000%

0.01156%

4.01844%

NAP

49,116.79

NAP

589,401.49

Interest Only

Actual/360

120

119

120

119

12/30/2021

2/6/2022

NAP

1/6/2032

L(25),D(91),O(4)

2,432,860

938,972

1,493,888

10/31/2021

T-12

2,389,025

935,060

1,453,965

12/31/2020

T-12

2,234,192

857,814

1,376,378

12/31/2019

T-12

95.1%

2,443,219

968,027

1,475,192

21,335

27,409

1,426,447

2.50

2.42

10.2%

9.9%

21,300,000

As Is

11/16/2021

67.7%

97.4%

12/22/2021

RGN - Peoria I

11,368

13.3%

12/31/2023

Banner Health Network

10,734

12.6%

8/31/2023

Morgan Stanley Smith Barney

10,697

12.5%

10/31/2023

Wells Fargo Advisors LLC

5,984

7.0%

7/31/2024

HomeStreet Bank

5,946

7.0%

6/30/2022

12/1/2021

NAP

12/1/2021

NAP

Leasehold

6/28/2070

One 10-year option

197,107

Yes

14,212

7,106

3,238

1,619

1,778

750,000

14,000

500,000

16,768

Ground Rent Reserve

NAP

Springing

Yes

NAP

Terracon Development, Inc.

Refinance

NAP

Loan

Mills Fleet Farm Carver

1.2%

100.0%

BMO

NAP

1935 Levi Griffin Road

Carver

55315

Retail

Single Tenant

2012

NAP

272,196

51.03

13,890,000

3.88000%

0.01156%

3.86844%

NAP

45,534.76

NAP

546,417.12

Interest Only

Actual/360

120

118

120

118

11/19/2021

1/6/2022

NAP

12/6/2031

L(26),D(87),O(7)

NAV

95.0%

1,524,175

27,220

1,496,955

2.79

2.74

11.0%

10.8%

25,200,000

As Is

9/18/2021

55.1%

100.0%

11/19/2021

Yes

Fleet Farm

272,196

100.0%

10/31/2041

NAP

11/4/2021

NAP

11/3/2021

NAP

Fee

NAP

Springing

367

Springing

NAP

Hard

Springing

Yes

NAP

Duane Lund

Yes

Acquisition

NAP

Loan

Riverside Commons

1.1%

100.0%

Sabal Capital II, LLC

Sabal

NAP

9595 South Delaware Avenue

Tulsa

74137

Retail

Anchored

2000

NAP

164,261

73.97

12,150,000

3.26200%

0.09031%

3.17169%

NAP

33,486.47

NAP

401,837.64

Interest Only

Actual/360

120

118

120

118

11/19/2021

1/6/2022

NAP

12/6/2031

L(23),YM1(93),O(4)

2,266,808

466,515

1,800,294

8/31/2021

T-12

1,998,402

472,514

1,525,888

12/31/2020

T-12

2,161,095

494,386

1,666,708

12/31/2019

T-12

83.6%

2,050,684

455,979

1,594,706

27,924

145,254

1,421,527

3.97

3.54

13.1%

11.7%

23,300,000

As Is

9/20/2021

52.1%

89.5%

9/1/2021

Kohl's

86,584

52.7%

1/31/2026

Petco

14,000

8.5%

9/30/2024

Shoe Carnival

10,000

6.1%

1/31/2023

Dollar Tree

8,000

4.9%

7/31/2022

OSU Medical Clinic

5,730

3.5%

4/30/2029

10/6/2021

NAP

10/6/2021

NAP

Fee

NAP

Springing

NAP

Springing

Yes

NAP

E. Stanley Kroenke

Refinance

NAP

Loan

Thompson Court

1.1%

100.0%

BMO

NAP

1708, 1756 and 1766 Carver Avenue, 1958 Frisco Avenue and 2024 Keltner Circle

Memphis

Shelby

38114

Multifamily

Garden

1949

2019

338

Units

35,502.96

12,000,000

3.89000%

0.01156%

3.87844%

NAP

39,440.28

NAP

473,283.36

Interest Only

Actual/360

120

119

120

119

12/15/2021

2/6/2022

NAP

1/6/2032

L(25),D(91),O(4)

2,384,400

867,349

1,517,051

11/30/2021

T-12

2,255,774

1,004,595

1,251,179

12/31/2020

T-12

2,058,487

926,917

1,131,570

12/31/2019

T-12

92.3%

2,384,400

1,007,358

1,377,042

86,229

1,290,813

2.91

2.73

11.5%

10.8%

20,900,000

As Is

4/8/2021

57.4%

98.5%

11/25/2021

NAP

12/3/2021

NAP

12/3/2021

12/22/2021

Fee / Leasehold

NAP

13,151

1,096

70,698

8,837

7,186

51,420

Springing

Ground Rent Reserve

NAP

Springing

Yes

NAP

Boris Drukker

Refinance

NAP

Loan

Home2 Suites Temple

1.0%

100.0%

SMC

NAP

2106 South 31st Street

Temple

Bell

76504

Hospitality

Extended Stay

2020

NAP

100

Rooms

112,851.98

11,300,000

11,285,198

8,997,696

4.07000%

0.01156%

4.05844%

54,404.94

NAP

652,859.28

NAP

Amortizing Balloon

Actual/360

120

119

360

359

1/5/2022

2/6/2022

1/6/2032

L(25),D(91),O(4)

3,556,914

1,720,585

1,836,329

12/31/2021

T-12

NAV

85.0%

3,340,301

1,726,055

1,614,245

133,612

1,480,633

2.47

2.27

14.3%

13.1%

18,000,000

As Is

12/1/2021

62.7%

50.0%

90.6%

12/31/2021

NAP

12/9/2021

NAP

12/9/2021

NAP

Fee

NAP

56,949

14,237

40,236

6,706

5,767

650,000

8,688

NAP

Springing

Yes

NAP

Dr. Bankim Bhatt and Larry W. Rother

Refinance

12/31/2039

106.36

90.40

85.0%

106.36

96.34

90.6%

NAV

Loan

Alto Serramonte Shopping Center

1.0%

100.0%

Sabal Capital II, LLC

Sabal

NAP

314-362 Gellert Boulevard

Daly City

San Mateo

94015

Retail

Unanchored

1976

NAP

34,094

329.97

11,250,000

3.40000%

0.09031%

3.30969%

NAP

32,317.71

NAP

387,812.52

Interest Only

Actual/360

120

118

120

118

12/3/2021

1/6/2022

NAP

12/6/2031

L(26),D(90),O(4)

1,577,362

623,806

953,556

9/30/2021

T-12

1,543,241

608,169

935,072

12/31/2020

T-12

1,714,398

652,306

1,062,092

12/31/2019

T-12

94.3%

1,649,189

590,943

1,058,246

13,979

86,347

957,920

2.73

2.47

9.4%

8.5%

23,500,000

As Is

9/14/2021

47.9%

97.0%

11/18/2021

Big 5 Sporting Goods

9,625

28.2%

1/31/2026

Mattress Firm

4,095

12.0%

9/30/2022

Better Homes and Gardens

3,263

9.6%

8/30/2024

JP Morgan Chase

3,168

9.3%

12/31/2026

Boston Market

3,168

9.3%

4/30/2029

9/20/2021

NAP

9/20/2021

18%

Fee

NAP

44,943

9,317

18,081

2,260

1,165

7,196

259,041

NAP

Springing

Yes

NAP

Erwin D. Mieger and EDM Investments

Refinance

NAP

Loan

Feather River Shopping Center

1.0%

100.0%

BMO

Group B

NAP

355 Oro Dam Boulevard

Oroville

Butte

95965

Retail

Anchored

1990

2018

90,582

123.64

11,200,000

3.63000%

0.01156%

3.61844%

NAP

34,350.56

NAP

412,206.72

Interest Only

Actual/360

120

119

120

119

12/21/2021

2/6/2022

NAP

1/6/2032

L(25),D(91),O(4)

1,335,581

249,293

1,086,288

8/31/2021

T-12

1,223,641

245,076

978,565

12/31/2020

T-12

1,112,892

187,120

925,772

12/31/2019

T-12

95.0%

1,368,120

381,863

986,258

15,400

970,858

2.39

2.36

8.8%

8.7%

18,500,000

As Is

12/8/2021

60.5%

100.0%

9/20/2021

Smart & Final

29,580

32.7%

8/31/2033

Fit Republic

28,000

30.9%

8/31/2033

Ross Dress For Less

18,000

19.9%

1/31/2030

Harbor Freight

15,000

16.6%

11/30/2028

NAP

11/12/2021

NAP

11/12/2021

Fee

NAP

43,498

14,499

11,482

1,044

1,012,340

Springing

250,000

40,000

Outstanding Tenant Improvement Obligations for Harbor Freight

NAP

Hard

Springing

Yes

NAP

Jeffrey A. Pori

Yes

Acquisition

NAP

Loan

40-91 Fox Hill Drive Apartments

1.0%

100.0%

Sabal Capital II, LLC

Sabal

NAP

40-91 Fox Hill Drive

Dover

Morris

07801

Multifamily

Garden

1965

NAP

Units

143,421.05

10,900,000

3.59000%

0.09031%

3.49969%

NAP

33,062.07

NAP

396,744.84

Interest Only

Actual/360

120

118

120

118

11/12/2021

1/6/2022

NAP

12/6/2031

L(35),D(81),O(4)

1,183,648

216,182

967,466

9/30/2021

T-12

1,133,311

187,984

945,327

12/31/2020

T-12

1,092,926

343,970

748,956

12/31/2019

T-12

95.0%

1,244,340

410,664

833,676

19,000

814,676

2.10

2.05

7.6%

7.5%

17,000,000

As Is

9/10/2021

64.1%

100.0%

10/29/2021

NAP

9/24/2021

NAP

9/24/2021

NAP

Fee

NAP

61,083

15,271

5,970

1,492

1,583

17,575

NAP

Springing

Yes

NAP

Daniele Levato

Refinance

NAP

Loan

611-617 W 148th Street

1.0%

100.0%

BMO

NAP

611-617 West 148th Street

New York

10031

Multifamily

Mid Rise

1924

2012

Units

199,074.07

10,750,000

3.47000%

0.01156%

3.45844%

NAP

31,517.16

NAP

378,205.92

Interest Only

Actual/360

120

119

120

119

12/17/2021

2/6/2022

NAP

1/6/2032

L(25),D(92),O(3)

1,114,689

386,781

727,908

10/1/2021

T-12

1,125,597

395,204

730,393

12/31/2020

T-12

1,203,180

392,688

810,492

12/31/2019

T-12

96.0%

1,255,852

401,514

854,339

10,800

843,539

2.26

2.23

7.9%

7.8%

16,800,000

As Is

11/12/2021

64.0%

98.1%

12/1/2021

NAP

12/3/2021

NAP

12/3/2021

NAP

Fee

NAP

15,977

18,795

2,349

900

9,350

50,000

Springing

Rent Fund

NAP

Springing

Yes

NAP

Aaron Drazin and Robert Rosenberg

Refinance

NAP

Loan

Towneplace Suites El Paso

0.9%

100.0%

SMC

NAP

4670 Woodrow Bean Drive

El Paso

79924

Hospitality

Extended Stay

2020

NAP

Rooms

114,942.53

10,000,000

8,026,110

4.29600%

0.01156%

4.28444%

49,463.66

NAP

593,563.92

NAP

Amortizing Balloon

Actual/360

120

360

1/20/2022

3/6/2022

2/6/2032

L(24),D(91),O(5)

2,981,975

1,393,577

1,588,398

11/30/2021

T-12

2,303,713

1,245,280

1,058,434

12/31/2020

T-12

NAV

85.0%

2,668,975

1,324,002

1,344,973

106,759

1,238,214

2.27

2.09

13.4%

12.4%

16,700,000

As Is

12/16/2021

59.9%

48.1%

95.1%

11/30/2021

NAP

12/30/2021

NAP

12/30/2021

NAP

Fee

NAP

24,593

12,296

29,700

4,242

8,897

NAP

Springing

Yes

NAP

Bharat Bhakta

Refinance

1/14/2040

97.99

83.29

85.0%

97.99

93.15

95.1%

88.91

74.85

84.2%

NAV

Loan

Centennial Plaza

0.5%

55.3%

BMO

Group E

Yes

1212-1264 State Street

Lemont

Cook

60439

Retail

Shadow Anchored

1997

NAP

38,500

122.79

5,474,250

5,120,298

3.81000%

0.01156%

3.79844%

25,539.00

17,622.14

306,468.00

211,465.68

Interest Only, Amortizing Balloon

Actual/360

360

12/10/2021

2/6/2022

8/6/2025

1/6/2029

L(25),D(54),O(5)

879,214

243,529

635,685

9/30/2021

T-12

717,306

357,081

360,225

12/31/2020

T-12

834,174

353,454

480,720

12/31/2019

T-12

86.9%

926,866

400,442

526,424

7,700

28,875

489,849

1.97

1.83

11.0%

10.3%

8,150,000

As Is

10/4/2021

66.1%

61.8%

87.0%

10/31/2021

Anytime Fitness

6,500

16.9%

2/29/2028

Fork & Spoon

4,680

12.2%

5/31/2028

ATI Physical Therapy

3,000

7.8%

6/30/2027

Kitaro Japanese Steakhouse

3,000

7.8%

1/31/2028

Tooth Sense

3,000

7.8%

12/31/2030

10/22/2021

NAP

10/22/2021

NAP

Fee

NAP

137,713

21,910

2,688

1,344

360,758

642

221,282

2,786

11,385

NAP

Hard

Springing

Yes

NAP

Pasadena Private Real Estate Fund 1, L.P., Craig Colbath and Iain A. Whyte

Acquisition

NAP

Loan

Jefferson County Plaza

0.4%

44.7%

BMO

Group E

Yes

3787 Vogel Road

Arnold

Jefferson

63010

Retail

Shadow Anchored

2000-2002

2018

42,091

122.79

4,421,250

4,135,395

3.81000%

0.01156%

3.79844%

20,626.17

14,232.43

247,514.04

170,789.16

Interest Only, Amortizing Balloon

Actual/360

360

12/10/2021

2/6/2022

8/6/2025

1/6/2029

L(25),D(54),O(5)

968,906

414,284

554,622

9/30/2021

T-12

932,765

389,957

542,808

12/31/2020

T-12

854,496

415,369

439,126

12/31/2019

T-12

100.0%

979,835

413,742

566,093

8,418

31,568

526,107

1.97

1.83

11.0%

10.3%

6,822,846

As Is

10/1/2021

66.1%

61.8%

100.0%

12/1/2021

Xist Fitness

21,767

51.7%

7/31/2026

Dance Productions Unlimited Inc.

7,600

18.1%

9/30/2026

Meramec Dermatology

5,524

13.1%

11/30/2024

La Pachanga Bar & Grill

4,000

9.5%

7/31/2023

CQ Nails

1,600

3.8%

2/28/2024

10/22/2021

NAP

10/22/2021

NAP

Fee

NAP

10,594

5,297

2,478

1,239

132,225

702

178,718

2,251

4,235

NAP

Hard

Springing

Yes

NAP

Pasadena Private Real Estate Fund 1, L.P., Craig Colbath and Iain A. Whyte

Acquisition

NAP

Loan

Arc on Armour

0.9%

100.0%

BMO

NAP

211 West Armour Boulevard

Kansas City

Jackson

64111

Multifamily

Garden

1980

2020

Units

155,645.16

9,650,000

4.00000%

0.01156%

3.98844%

NAP

32,613.43

NAP

391,361.16

Interest Only

Actual/360

120

119

120

119

12/10/2021

2/6/2022

NAP

1/6/2032

L(25),D(90),O(5)

857,700

279,468

578,232

9/30/2021

T-3

NAV

94.8%

1,043,432

283,348

760,084

7,564

752,520

1.94

1.92

7.9%

7.8%

14,700,000

As Stabilized

5/1/2022

65.6%

96.8%

10/14/2021

NAP

10/12/2021

NAP

10/12/2021

NAP

Fee

NAP

5,349

2,675

12,275

1,227

630

126

6,250

2,015,000

Existing TI/LC Obligations Reserve ($1,145,000), Outstanding Tenant Obligation Reserve ($670,000), Leasing Reserve ($200,000)

NAP

Springing

Yes

NAP

LARP Holdings, LLC

Refinance

NAP

Loan

The Shops at Trinity Park

0.9%

100.0%

BMO

Group B

NAP

2200-2202 Woodruff Road

Simpsonville

Greenville

29681

Retail

Anchored

2018

NAP

44,424

214.75

9,540,000

3.73000%

0.01156%

3.71844%

NAP

30,065.35

NAP

360,784.20

Interest Only

Actual/360

120

119

120

119

12/21/2021

2/6/2022

NAP

1/6/2032

L(25),D(88),O(7)

1,139,714

228,804

910,911

10/31/2021

T-12

1,108,060

195,230

912,830

12/31/2020

T-12

1,086,176

183,794

902,382

12/31/2019

T-12

95.0%

1,084,857

189,697

895,160

4,442

890,718

2.48

2.47

9.4%

9.3%

16,000,000

As Is

12/6/2021

59.6%

100.0%

10/8/2021

SFM, LLC

29,896

67.3%

6/30/2033

Hollywood Feed, LLC

3,050

6.9%

6/30/2023

C. Dan Joyner Company, Inc. (Berkshire Hathaway)

3,000

6.8%

9/30/2029

Pacific Dental Services LLC

3,000

6.8%

6/22/2032

In The Moment (Kairos Greek Kitchen)

2,400

5.4%

10/31/2028

11/12/2021

NAP

11/12/2021

NAP

Fee

NAP

14,316

8,482

7,158

771

70,000

Springing

20,000

450,000

Springing

150,000

137,000

Outstanding TIA Reserve ($75,000), Free Rent Reserve ($38,750), Pacific Dental Gap Rent Reserve ($23,250)

NAP

Hard

Springing

Yes

NAP

Jeffrey A. Pori

Yes

Acquisition

NAP

Loan

SAPA Transmission

0.8%

100.0%

KeyBank

NAP

51901 Shelby Parkway

Shelby Township

Macomb

48315

Industrial

Warehouse

2019

NAP

110,833

84.36

9,350,000

8,678,208

5.44000%

0.02031%

5.41969%

52,736.83

NAP

632,841.96

NAP

Amortizing Balloon

Actual/360

360

1/13/2022

3/1/2022

2/1/2027

L(24),D(32),O(4)

NAV

95.0%

1,259,806

439,559

820,247

11,083

809,164

1.30

1.28

8.8%

8.7%

15,300,000

As Is

12/13/2021

61.1%

56.7%

100.0%

1/13/2022

Yes

SAPA Transmission

110,833

100.0%

1/12/2037

NAP

12/20/2021

NAP

12/20/2021

NAP

Fee

NAP

41,955

13,985

34,970

4,443

924

33,000

550,000

Letter of Credit Reserve

NAP

Hard

Springing

Yes

NAP

SAPA Transmission, Inc.

Acquisition

NAP

Loan

CubeSmart Self Storage - Lacey

0.8%

100.0%

KeyBank

NAP

6123 Balustrade Boulevard Southeast and 6155 Balustrade Boulevard Southeast

Lacey

Thurston

98513

Self Storage

2018, 2021

NAP

67,102

134.12

9,000,000

3.55000%

0.02031%

3.52969%

NAP

26,994.79

NAP

323,937.48

Interest Only

Actual/360

120

118

120

118

11/23/2021

1/1/2022

NAP

12/1/2031

L(25),YM1(92),O(3)

947,804

334,705

613,099

10/31/2021

T-12

777,308

311,962

465,346

12/31/2020

T-12

434,343

255,505

178,838

12/31/2019

T-12

90.0%

1,216,669

391,643

825,026

6,710

818,316

2.55

2.53

9.2%

9.1%

15,900,000

As Is

9/22/2021

56.6%

82.8%

10/31/2021

NAP

10/1/2021

NAP

10/1/2021

Fee

NAP

16,582

5,527

2,449

1,225

559

33,551

NAP

Springing

Yes

NAP

Tracey Swanson and Tracey Allen Swanson, as trustee of the Swanson Living Trust dated May 26,2021

Refinance

NAP

Loan

Main Street

0.8%

100.0%

Sabal Capital II, LLC

Sabal

NAP

127-137 Main Street

Medford

Middlesex

02155

Mixed Use

Office / Retail

1925, 1985, 2013

NAP

31,847

274.75

8,750,000

3.63000%

0.09031%

3.53969%

NAP

26,836.37

NAP

322,036.44

Interest Only

Actual/360

120

119

120

119

12/23/2021

2/6/2022

NAP

1/6/2032

L(25),YM1(91),O(4)

1,092,627

245,196

847,431

9/30/2021

T-12

1,082,887

245,452

837,435

12/31/2020

T-12

1,062,361

236,167

826,194

12/31/2019

T-12

90.7%

1,084,827

247,815

837,012

8,162

28,159

800,691

2.60

2.49

9.6%

9.2%

13,900,000

As Is

8/20/2021

62.9%

94.5%

11/1/2021

Partners Community Physicians

10,600

33.3%

6/30/2028

Little Sprouts

10,600

33.3%

7/30/2028

Partners Urgent Care

4,554

14.3%

12/31/2026

7-Eleven

2,798

8.8%

12/31/2026

Miracle Ear

1,540

4.8%

11/30/2026

8/30/2021

NAP

8/30/2021

NAP

Fee

NAP

16,248

8,124

4,382

1,461

691

112,632

32,819

NAP

Springing

Yes

NAP

Gerald M. Sneirson

Refinance

NAP

Loan

Corrington Industrial

0.7%

100.0%

Sabal Capital II, LLC

Sabal

NAP

1600-1780 North Corrington Avenue

Kansas City

Jackson

64120

Industrial

Flex

1986

2019

154,656

52.21

8,075,000

7,270,698

3.55000%

0.09031%

3.45969%

36,486.11

24,220.33

437,833.32

290,643.96

Interest Only, Amortizing Balloon

Actual/360

120

119

360

12/21/2021

2/6/2022

2/6/2027

1/6/2032

L(25),D(91),O(4)

NAV

93.4%

1,237,120

444,268

792,852

23,548

37,070

732,234

1.81

1.67

9.8%

9.1%

12,500,000

As Is

11/10/2021

64.6%

58.2%

93.7%

11/1/2021

Goodyear Tire & Rubber

40,028

25.9%

6/30/2031

Terrapin

24,965

16.1%

1/31/2031

MHC Trucking

18,208

11.8%

6/30/2023

CSC Service Works, Inc.

15,340

9.9%

5/31/2027

CM Fabricating

13,733

8.9%

2/28/2023

11/19/2021

NAP

11/19/2021

NAP

Fee

NAP

56,250

18,750

9,301

3,100

1,962

3,089

216,518

201,680

93,165

Outstanding Rent Reserve

NAP

Springing

Yes

NAP

Charles V. Cuda, Joseph Strada, Nathan T. Prather and Jomarie Guastello

Refinance

NAP

Loan

West Allen Plaza

0.6%

100.0%

SMC

NAP

19555 West Road

Woodhaven

Wayne

48183

Retail

Shadow Anchored

2001

NAP

25,839

272.84

7,050,000

5,578,904

3.90000%

0.06031%

3.83969%

33,252.61

NAP

399,031.32

NAP

Amortizing Balloon

Actual/360

120

360

1/11/2022

3/6/2022

2/6/2032

L(24),D(92),O(4)

924,656

320,705

603,951

10/31/2021

T-12

885,129

316,207

568,922

12/31/2020

T-12

971,089

362,252

608,837

12/31/2019

T-12

95.0%

994,818

326,714

668,103

5,168

20,671

642,264

1.67

1.61

9.5%

9.1%

10,875,000

As Is

11/20/2021

64.8%

51.3%

100.0%

1/5/2022

O'Reilly Auto

8,400

32.5%

9/30/2026

Affordable Dentures & Implants

4,562

17.7%

3/30/2027

T-Mobile / Sprint

3,010

11.6%

10/31/2026

Mod Pizza

2,800

10.8%

12/31/2025

Chipotle

2,725

10.5%

8/31/2026

12/16/2021

NAP

12/16/2021

NAP

Fee

NAP

70,425

11,728

2,150

717

429

1,723

82,704

12,295

462,926

Outstanding TI/LC Reserve ($205,545), T-Mobile Rent Reserve ($120,000), Benchmark Rent Reserve ($92,381), Roof Repair Reserve ($45,000)

NAP

Springing

Yes

NAP

Richard B. Broder and Todd A. Sachse

Refinance

NAP

Loan

Schlegel Portfolio

0.6%

KeyBank

Group C

NAP

Various

Self Storage

Various

124,660

54.47

6,790,000

6,176,650

4.14000%

0.02031%

4.11969%

32,966.92

23,750.85

395,603.04

285,010.20

Interest Only, Amortizing Balloon

Actual/360

120

117

360

10/29/2021

12/1/2021

12/1/2026

11/1/2031

L(27),D(90),O(3)

885,840

217,731

668,108

6/30/2021

T-12

857,888

223,006

634,882

12/31/2020

T-12

790,221

363,581

426,640

12/31/2019

T-12

88.7%

921,278

299,949

621,330

12,466

608,864

1.57

1.54

9.2%

9.0%

9,900,000

As Is

8/13/2021

68.6%

62.4%

95.3%

8/12/2021

28,120

9,373

3,487

1,743

1,039

NAP

Springing

Yes

NAP

Wade Buxton, Jacob Vanderslice and Aaron Westphal

Acquisition

NAP

45.01

Property

Ringwood

0.3%

51.5%

5220 North Richmond Road

Ringwood

McHenry

60072

Self Storage

2003

NAP

68,160

3,497,879

3,181,911

506,967

142,158

364,809

6/30/2021

T-12

483,033

143,594

339,439

12/31/2020

T-12

469,730

206,738

262,992

12/31/2019

T-12

90.0%

489,465

179,114

310,351

6,816

303,535

5,100,000

As Is

8/13/2021

99.6%

8/12/2021

NAP

6/22/2021

NAP

6/22/2021

NAP

Fee

NAP

45.02

Property

Minooka

0.3%

48.5%

1000 South Ridge Road

Minooka

Grundy

60447

Self Storage

2005

2021

56,500

3,292,121

2,994,739

378,873

75,573

303,299

6/30/2021

T-12

374,855

79,412

295,443

12/31/2020

T-12

320,491

156,843

163,648

12/31/2019

T-12

87.4%

431,813

120,835

310,979

5,650

305,329

4,800,000

As Is

8/13/2021

90.1%

8/12/2021

NAP

6/22/2021

NAP

6/22/2021

NAP

Fee

NAP

Loan

Triskett Road Self Storage

0.6%

100.0%

Sabal Capital II, LLC

Sabal

NAP

12610 Triskett Road

Cleveland

Cuyahoga

44111

Self Storage

1946-2021

NAP

110,711

59.16

6,550,000

3.92250%

0.09031%

3.83219%

NAP

21,707.68

NAP

260,492.16

Interest Only

Actual/360

120

1/21/2021

3/6/2022

NAP

2/6/2032

L(24),YM1(92),O(4)

960,325

283,973

676,352

11/30/2021

T-12

817,001

300,200

516,801

12/31/2020

T-12

922,587

310,189

612,398

12/31/2019

T-12

92.0%

1,060,442

449,996

610,446

39,376

571,070

2.34

2.19

9.3%

8.7%

10,750,000

As Is

11/9/2021

60.9%

99.1%

1/1/2022

NAP

11/24/2021

1/13/2022

11/24/2021

NAP

Fee

NAP

48,333

15,000

14,272

3,568

3,281

78,753

NAP

Springing

Yes

NAP

Robert E. Krueger, II and Robert E. Krueger, II, as Trustee of the Robert E. Krueger, II Declaration of Trust dated February 22, 2019

Refinance

NAP

Loan

1214 West Carmen

0.5%

100.0%

Sabal Capital II, LLC

Sabal

NAP

1214 West Carmen Avenue

Chicago

Cook

60640

Multifamily

Low Rise

2021

NAP

Units

378,125.00

6,050,000

4.02000%

0.09031%

3.92969%

NAP

20,548.99

NAP

�� 246,587.88

Interest Only

Actual/360

120

1/14/2022

3/6/2022

NAP

2/6/2032

L(24),YM1(92),O(4)

NAV

95.0%

611,902

145,256

466,646

3,200

463,446

1.89

1.88

7.7%

9,400,000

As Is

11/23/2021

64.4%

100.0%

12/7/2021

NAP

12/7/2021

NAP

12/7/2021

NAP

Fee

NAP

70,335

7,522

3,164

352

267

NAP

Springing

Yes

NAP

John Barrett, John Barrett, As Trustee of The John Barrett Living Trust Dated October 29, 2015, Margaret T. Barrett and Margaret T. Barrett, As Trustee of The Margaret T. Barrett Living Trust Dated October 29, 2015

Refinance

NAP

Loan

Planet Self Storage

0.5%

100.0%

KeyBank

NAP

65 Kensico Drive

Mount Kisco

Westchester

10549

Self Storage

1987

NAP

32,525

184.47

6,000,000

3.59000%

0.02031%

3.56969%

NAP

18,199.31

NAP

218,391.72

Interest Only

Actual/360

11/29/2021

1/1/2022

NAP

12/1/2028

L(25),YM1(53),O(6)

856,532

410,811

445,721

9/30/2021

T-12

836,911

365,875

471,036

12/31/2020

T-12

NAV

88.8%

888,582

371,784

516,797

3,253

513,545

2.37

2.35

8.6%

10,500,000

As Is

10/9/2021

57.1%

89.2%

11/11/2021

NAP

11/9/2021

NAP

11/8/2021

NAP

Yes - AE

Fee

NAP

14,830

Springing

271

9,758

NAP

None

NAP

Westport/TR Storage Venture III, LLC and Hoeven Family Partnership II, LLC

Acquisition

NAP

Loan

Plantation Canal

0.5%

100.0%

SMC

NAP

1375 - 1397 and 1421 Northwest 65th Avenue

Plantation

Broward

33313

Industrial

Flex

1966

1978

75,600

77.38

5,850,000

3.80500%

0.01156%

3.79344%

NAP

18,807.01

NAP

225,684.06

Interest Only

Actual/360

120

119

120

119

12/8/2021

2/6/2022

NAP

1/6/2032

L(25),D(91),O(4)

926,579

376,712

549,867

8/31/2021

T-12

885,750

374,144

511,606

12/31/2020

T-12

753,335

322,286

431,048

12/31/2019

T-12

95.3%

1,081,301

389,320

691,981

26,460

15,120

650,401

3.07

2.88

11.8%

11.1%

11,000,000

As Is

10/29/2021

53.2%

96.1%

10/8/2021

Plantation Car Care

10,320

13.7%

MTM

Sunrise Collision Corp.

5,760

7.6%

MTM

Tradewinds Logistics & Transportation

4,500

6.0%

MTM

Leroy Williams Sorrell

3,000

4.0%

MTM

UZ Quality Millwork, Inc.

3,000

4.0%

MTM

11/9/2021

NAP

11/9/2021

NAP

Fee

NAP

30,305

10,102

Springing

2,205

75,000

Springing

75,000

NAP

Springing

Yes

NAP

Gerald Askowitz

Refinance

NAP

Loan

Flynn Avenue Self Storage

0.5%

100.0%

KeyBank

NAP

199 Flynn Avenue

Burlington

Chittenden

05401

Self Storage

2004

NAP

68,600

84.55

5,800,000

3.35000%

0.07031%

3.27969%

NAP

16,416.55

NAP

196,998.60

Interest Only

Actual/360

120

1/13/2022

3/1/2022

NAP

2/1/2032

L(24),D(93),O(3)

935,526

314,945

620,581

9/30/2021

T-12

904,191

284,373

619,818

12/31/2020

T-12

855,574

289,414

566,160

12/31/2019

T-12

84.1%

935,526

339,668

595,858

10,290

585,568

3.02

2.97

10.3%

10.1%

9,100,000

As Is

12/23/2021

63.7%

99.9%

11/22/2021

NAP

11/30/2021

NAP

11/29/2021

NAP

Fee

NAP

42,022

10,506

5,837

1,124

858

20,580

NAP

Springing

Yes

NAP

David H. Nelson

Refinance

NAP

Loan

Schleider Apartment Portfolio

0.5%

Sabal Capital II, LLC

Sabal

NAP

Various

Multifamily

Various

Units

264,285.71

5,550,000

3.96000%

0.09031%

3.86969%

NAP

18,569.38

NAP

222,832.56

Interest Only

Actual/360

120

1/7/2022

3/6/2022

NAP

2/6/2032

L(24),D(89),O(7)

386,171

116,468

269,703

10/31/2021

T-12

NAV

95.0%

548,221

133,299

414,922

4,375

410,547

1.86

1.84

7.5%

7.4%

8,860,000

As Is

Various

62.6%

100.0%

12/28/2021

24,506

3,629

8,235

1,392

365

26,250

12,675

NAP

Springing

Yes

NAP

Jeffrey Schleider and Schleider 2017 Family Trust

Refinance

NAP

51.01

Property

37 Driggs Avenue

0.2%

47.4%

37 Driggs Avenue

Brooklyn

Kings

11222

Multifamily

Low Rise

1920

2019

Units

2,630,926

139,975

33,029

106,946

10/31/2021

T-12

NAV

95.0%

230,340

39,621

190,719

1,000

189,719

4,200,000

As Is

9/9/2021

100.0%

12/28/2021

NAP

11/16/2021

NAP

11/16/2021

NAP

Fee

NAP

51.02

Property

2822 South Redondo

0.2%

38.5%

2822 South Redondo Boulevard

Los Angeles

90016

Multifamily

Garden

1957

2021

Units

2,136,061

126,653

37,796

88,857

10/31/2021

T-12

NAV

95.0%

199,291

47,303

151,988

1,800

150,188

3,410,000

As Is

9/13/2021

100.0%

12/28/2021

NAP

11/16/2021

NAP

11/16/2021

13%

Fee

NAP

51.03

Property

5916 Howe Street

0.1%

14.1%

5916 Howe Street

Pittsburgh

Allegheny

15232

Multifamily

Low Rise

1950

2018

Units

783,014

119,543

45,643

73,900

10/31/2021

T-12

NAV

95.0%

118,590

46,375

72,215

1,575

70,640

1,250,000

As Is

9/14/2021

100.0%

12/28/2021

NAP

11/16/2021

NAP

11/15/2021

NAP

Fee

NAP

Loan

NSC Traverse Silver Lake Storage

0.5%

100.0%

SMC

Group D

NAP

5215 Curtis Road

Traverse City

Grand Traverse

49685

Self Storage

2002

2019

76,755

71.66

5,500,000

3.40000%

0.01156%

3.38844%

NAP

15,799.77

NAP

189,597.22

Interest Only

Actual/360

120

119

120

119

12/17/2021

2/6/2022

NAP

1/6/2032

L(25),DorYM1(90),O(5)

761,381

279,786

481,595

11/30/2021

T-12

533,603

253,997

279,606

12/31/2020

T-12

NAV

86.5%

870,641

285,701

584,940

3,838

581,102

3.09

3.06

10.6%

10,540,000

As Is

11/16/2021

52.2%

95.8%

10/31/2021

NAP

11/18/2021

NAP

11/18/2021

NAP

Fee

NAP

14,026

5,119

Springing

320

11,520

NAP

Springing

NAP

Adam Pogoda

Refinance

NAP

Loan

NSC Grand River Lyon Storage

0.5%

100.0%

SMC

Group D

NAP

53600 Grand River Avenue

New Hudson

Oakland

48165

Self Storage

2002

2017

65,625

83.81

5,500,000

3.40000%

0.01156%

3.38844%

NAP

15,799.77

NAP

189,597.22

Interest Only

Actual/360

120

119

120

119

12/17/2021

2/6/2022

NAP

1/6/2032

L(25),DorYM1(90),O(5)

668,795

247,893

420,902

11/30/2021

T-12

499,318

193,176

306,142

12/31/2020

T-12

NAV

80.1%

703,165

249,383

453,782

2,625

451,157

2.39

2.38

8.3%

8.2%

9,250,000

As Is

11/15/2021

59.5%

92.3%

10/31/2021

NAP

11/18/2021

NAP

11/18/2021

NAP

Fee

NAP

15,974

5,207

Springing

219

7,884

NAP

Springing

NAP

Adam Pogoda

Refinance

NAP

Loan

Middletown Retail Plaza

0.5%

100.0%

KeyBank

NAP

1287 US Highway Route 35

Middletown

Monmouth

07748

Retail

Unanchored

2021

NAP

21,505

249.34

5,362,000

4,830,521

3.58000%

0.02031%

3.55969%

24,317.86

16,218.81

291,814.32

194,625.72

Interest Only, Amortizing Balloon

Actual/360

120

119

360

12/21/2021

2/1/2022

2/1/2027

1/1/2032

L(25),D(92),O(3)

NAV

95.0%

778,421

192,619

585,802

4,946

35,967

544,888

2.01

1.87

10.9%

10.2%

9,800,000

As Is

10/11/2021

54.7%

49.3%

100.0%

10/1/2021

The Learning Experience

10,000

46.5%

7/31/2036

Mavis Discount Tire

6,055

28.2%

2/29/2036

Dunkin Donuts

1,850

8.6%

2/28/2031

Lascara

1,800

8.4%

4/30/2036

Sissy's nail and spa

1,800

8.4%

4/30/2036

10/22/2021

NAP

10/22/2021

NAP

Fee

NAP

2,988

3,219

1,073

412

24,731

2,688

161,288

193,000

Rent Concession Reserve

NAP

Springing

Yes

NAP

Peter Ferraro, Jr.

Acquisition

NAP

Loan

Laguna Beach Mixed Use

0.4%

100.0%

KeyBank

NAP

570 South Coast Highway

Laguna Beach

Orange

92651

Mixed Use

Multifamily / Retail

1948

2016

6,850

729.93

5,000,000

4.29000%

0.08031%

4.20969%

NAP

18,123.26

NAP

217,479.12

Interest Only

Actual/360

120

1/14/2022

3/1/2022

NAP

2/1/2032

L(25),YM1(92),O(3)

491,080

63,128

427,952

11/30/2021

T-12

464,400

63,679

400,721

12/31/2020

T-12

448,479

63,664

384,815

12/31/2019

T-12

92.8%

511,201

88,596

422,605

1,850

5,800

414,955

1.94

1.91

8.5%

8.3%

7,300,000

As Is

12/1/2021

68.5%

100.0%

1/7/2022

Gallery Of Contemporary Master

1,000

14.6%

11/13/2024

Unleased Art, LLC

1,000

14.6%

12/31/2022

Soul Focus

1,000

14.6%

1/31/2023

NAP

12/9/2021

NAP

12/8/2021

12/15/2021

Fee

NAP

3,874

3,650

456

154

9,250

NAP

Springing

Yes

NAP

Bryan L. Siegel

Refinance

NAP

Loan

1642-1646 West Belmont Avenue

0.4%

100.0%

Sabal Capital II, LLC

Sabal

NAP

1642-1646 West Belmont Avenue

Chicago

Cook

60657

Mixed Use

Multifamily / Retail

2021

NAP

Units

404,166.67

4,850,000

4.02000%

0.09031%

3.92969%

NAP

16,473.16

NAP

197,677.92

Interest Only

Actual/360

120

1/14/2022

3/6/2022

NAP

2/6/2032

L(24),YM1(92),O(4)

NAV

95.0%

499,918

114,656

385,262

2,400

2,000

380,862

1.95

1.93

7.9%

7,600,000

As Is

11/23/2021

63.8%

100.0%

12/7/2021

NAP

12/6/2021

NAP

12/7/2021

NAP

Fee

NAP

14,994

5,761

2,971

330

200

167

700,000

Midtown Chriopractic Occupancy Reserve

NAP

Springing

Yes

NAP

Michael Barrett, Michael Barrett, as Trustee of the Michael Barrett Living Trust Dated November 27, 2019, John P. Barrett and John P. Barrett, as Trustee of the John P. Barrett Living Trust Dated April 14, 2021

Refinance

NAP

Loan

Grand Logan Lodge Apartments

0.4%

100.0%

Sabal Capital II, LLC

Sabal

NAP

1841 and 1847 North Humboldt Boulevard

Chicago

Cook

60647

Multifamily

Garden

1910

2021

Units

313,333.33

4,700,000

3.55000%

0.09031%

3.45969%

NAP

14,097.28

NAP

169,167.36

Interest Only

Actual/360

120

117

120

117

10/20/2021

12/6/2021

NAP

11/6/2031

L(27),D(89),O(4)

NAV

95.0%

540,466

149,479

390,988

3,750

387,238

2.31

2.29

8.3%

8.2%

7,450,000

As Is

8/25/2021

63.1%

100.0%

10/7/2021

NAP

9/20/2021

NAP

9/13/2021

NAP

Fee

NAP

39,963

6,661

4,996

714

250

NAP

Springing

Yes

NAP

John David Searls, Richard A. Searls III and Robert C. Ranquist, III

Refinance

NAP

Loan

Inland Boat & Self Storage

0.4%

100.0%

Sabal Capital II, LLC

Sabal

NAP

20585 County Road 13

Fairhope

Baldwin

36532

Self Storage

2002, 2004

NAP

74,325

57.72

4,290,000

3,710,355

4.00000%

0.09031%

3.90969%

20,481.12

14,498.61

245,773.44

173,983.32

Interest Only, Amortizing Balloon

Actual/360

120

119

360

12/30/2021

2/6/2022

2/6/2025

1/6/2032

L(25),YM1(91),O(4)

523,697

134,753

388,945

11/30/2021

T-12

474,099

128,082

346,017

12/31/2020

T-12

500,025

122,924

377,101

12/31/2019

T-12

94.1%

522,760

149,755

373,005

6,331

366,674

1.52

1.49

8.7%

8.5%

6,620,000

As Is

11/23/2021

64.8%

56.0%

95.6%

12/7/2021

NAP

12/14/2021

NAP

12/14/2021

NAP

Fee

NAP

3,551

1,184

8,130

2,710

527

NAP

Springing

Yes

NAP

Nathan L. Cox, J. Grant Reaves and Jeremy W. Friedman

Acquisition

NAP

Loan

Richmond Mixed-Use Portfolio

0.4%

100.0%

KeyBank

NAP

10 Randolph Street, 1319, 1321, 1323, 1329 West Main Street, 1320, 1324, 1328 West Cary Street and 9 South Harvie Street

Richmond

Richmond City

23220

Mixed Use

Multifamily / Retail

1900

2006

14,139

298.82

4,225,000

3,877,631

4.69000%

0.02031%

4.66969%

21,887.06

NAP

262,644.72

NAP

Amortizing Balloon

Actual/360

360

1/13/2022

3/1/2022

2/1/2027

L(24),D(32),O(4)

577,005

155,588

421,417

11/30/2021

T-11 Ann.

580,718

144,838

435,880

12/31/2020

T-12

563,224

65,822

497,402

12/31/2019

T-12

95.0%

568,086

194,438

373,648

14,871

3,805

354,972

1.42

1.35

8.8%

8.4%

6,500,000

As Is

9/8/2021

65.0%

59.7%

100.0%

9/1/2021

Postbellum

5,554

39.3%

6/30/2022

Blue Dog

4,044

28.6%

6/30/2022

Little Mexico

3,221

22.8%

3/30/2023

Maiden

1,320

9.3%

6/30/2024

NAP

9/16/2021

12/21/2021

9/14/2021

NAP

Fee

NAP

17,952

5,984

3,001

1,501

1,239

1,178

40,000

150,000

Required Tenant Reserve

NAP

Springing

Yes

NAP

Andrew W. Horrocks

Acquisition

NAP

Loan

Everett Building

0.4%

100.0%

SMC

NAP

39 East Market Street

Akron

Summit

44308

Mixed Use

Office / Multifamily

1870

2021

27,340

151.06

4,130,000

3,667,170

4.07000%

0.01156%

4.05844%

19,884.29

14,202.13

238,611.48

170,425.60

Interest Only, Amortizing Balloon

Actual/360

120

118

360

11/9/2021

1/6/2022

1/6/2026

12/6/2031

L(26),D(89),O(5)

300,272

85,219

215,053

11/30/2021

T-12

NAV

92.7%

471,804

68,816

402,988

6,260

2,060

394,668

1.69

1.65

9.8%

9.6%

6,500,000

As Is

10/1/2021

63.5%

56.4%

91.3%

10/26/2021

James B. Oswald Company

4,600

16.8%

7/31/2023

Lumis LLC

2,616

9.6%

MTM

Imperial Biotech Solutions

1,600

5.9%

8/31/2022

Magnet

750

2.7%

9/30/2022

Akron Recording

600

2.2%

9/30/2022

10/7/2021

NAP

10/7/2021

NAP

Fee

NAP

5,035

839

3,783

1,261

527

130,000

Springing

130,000

50,000

Lumis Expansion Reserve

NAP

Springing

Yes

NAP

Anthony P. Troppe

Refinance

NAP

Loan

Bethany Medical

0.3%

100.0%

KeyBank

Group F

NAP

21 & 45 North 12th Street

Kansas City

Wyandotte

66102

Office

Medical

1993

2017

48,323

78.64

3,800,000

3.65000%

0.02031%

3.62969%

NAP

11,718.87

NAP

140,626.44

Interest Only

Actual/360

8/16/2021

10/1/2021

NAP

9/1/2026

L(25),YM1(32),O(3)

687,649

584,368

103,281

12/31/2020

T-12

NAV

91.3%

1,118,766

677,600

441,166

12,081

39,772

389,313

3.14

2.77

11.6%

10.2%

5,950,000

As Is

5/14/2021

63.9%

89.5%

6/1/2021

Vibrant Health

23,987

49.6%

9/30/2030

Swope Health Services

11,601

24.0%

3/31/2022

Wyandotte Family Eye Care Center

2,671

5.5%

12/31/2023

Pharmacy of Grace

1,545

3.2%

5/31/2024

Phlebotomy Training Specialists

1,313

2.7%

12/31/2023

6/2/2021

NAP

6/2/2021

NAP

Fee

NAP

37,482

7,496

4,067

2,033

1,007

36,242

100,000

4,167

200,000

119,438

338,910

Springing

Vibrant Health TI Reserve (Upfront: $338,910.37), Major Tenant Rollover Reserve (Monthly: Springing)

NAP

Springing

Yes

NAP

Brian C. Adams and Abhishek Mathur

Acquisition

NAP

Loan

880 N Milwaukee Ave Apartments

0.3%

100.0%

Sabal Capital II, LLC

Sabal

NAP

880 North Milwaukee Avenue

Chicago

Cook

60642

Multifamily

Mid Rise

2019

NAP

Units

401,666.67

3,615,000

3.74000%

0.09031%

3.64969%

NAP

11,423.23

NAP

137,078.76

Interest Only

Actual/360

120

119

120

119

12/14/2021

2/6/2022

NAP

1/6/2032

L(25),D(91),O(4)

442,655

27,627

415,028

9/1/2021

T-12

378,742

24,312

354,429

12/31/2020

T-12

272,852

40,702

232,150

12/31/2019

T-12

90.3%

444,732

125,000

319,732

2,250

317,482

2.33

2.32

8.8%

6,120,000

As Is

10/22/2021

59.1%

100.0%

10/20/2021

NAP

11/10/2021

NAP

11/10/2021

NAP

Fee

NAP

58,006

5,909

2,097

524

188

68,540

NAP

Springing

Yes

NAP

Sean Guichon

Acquisition

NAP

Loan

The Wash Apartments

0.3%

100.0%

Sabal Capital II, LLC

Sabal

NAP

4741 East Washington Street

Indianapolis

Marion

46201

Multifamily

Garden

1942

2020-2021

Units

57,950.82

3,535,000

2,982,082

4.05000%

0.09031%

3.95969%

16,978.69

12,096.33

203,744.28

145,155.96

Interest Only, Amortizing Balloon

Actual/360

120

117

360

10/20/2021

12/6/2021

12/6/2023

11/6/2031

L(27),D(89),O(4)

271,610

134,821

136,788

9/30/2021

T-12

236,930

181,649

55,281

12/31/2020

T-12

NAV

95.0%

491,939

196,972

294,967

12,200

282,767

1.45

1.39

8.3%

8.0%

5,150,000

As Is

8/26/2021

68.6%

57.9%

95.1%

10/7/2021

NAP

9/2/2021

NAP

9/7/2021

NAP

Fee

NAP

5,993

1,998

7,459

2,486

1,017

6,063

NAP

Springing

Yes

NAP

Shehzad Sharif and Moonkyu Lim

Refinance

NAP

Loan

Broward County Industrial

0.3%

KeyBank

Group F

NAP

Various

Broward

Various

37,240

94.66

3,525,000

4.21000%

0.02031%

4.18969%

NAP

12,538.64

NAP

150,463.68

Interest Only

Actual/360

120

1/21/2022

3/1/2022

NAP

2/1/2032

L(25),YM1(92),O(3)

702,440

110,951

591,489

12/31/2021

T-12

612,438

106,253

506,185

12/31/2020

T-12

NAV

95.3%

571,532

230,801

340,731

22,143

11,796

306,792

2.26

2.04

9.7%

8.7%

6,500,000

As Is

10/26/2021

54.2%

100.0%

7/1/2021

18,162

4,541

17,806

8,903

1,845

66,429

67,740

1,548

100,000

NAP

Springing

Yes

NAP

Brian C. Adams and Abhishek Mathur

Acquisition

NAP

64.01

Property

Fort Lauderdale Small Bay Warehouses

0.2%

67.9%

806 - 826 Northwest 10th Terrace

Fort Lauderdale

Broward

33311

Industrial

Warehouse / Distribution

1958, 1959

2018

20,500

2,392,654

435,237

46,744

388,493

12/31/2021

T-12

365,302

57,678

307,624

12/31/2020

T-12

NAV

95.3%

348,539

121,608

226,931

13,940

11,796

201,195

4,050,000

As Is

10/26/2021

100.0%

7/1/2021

RJ Auto Body Repair

5,500

26.8%

6/30/2026

All American Kandy Randy

5,000

24.4%

12/31/2025

EdgeChem

2,000

9.8%

5/30/2026

RQL Autoservice, LLC

2,000

9.8%

11/30/2023

B&G Auto Repair, LLC

1,500

7.3%

6/30/2023

11/1/2021

1/19/2022

11/3/2021

NAP

Yes - AH

Fee

NAP

64.02

Property

Deerfield Beach Small Bay Warehouses

0.1%

32.1%

721, 731 & 741 Northeast 42nd Street

Deerfield Beach

Broward

33064

Self Storage

1969

NAP

16,740

1,132,346

267,203

64,207

202,996

12/31/2021

T-12

247,136

48,575

198,561

12/31/2020

T-12

NAV

95.4%

222,993

109,193

113,800

8,203

105,597

2,450,000

As Is

10/26/2021

100.0%

7/1/2021

NAP

11/1/2021

NAP

11/2/2021

NAP

Fee

NAP

Loan

111 Main Street

0.3%

100.0%

SMC

NAP

111 Main Street

Newport Beach

Orange

92661

Mixed Use

Multifamily / Retail

1934

NAP

8,790

386.80

3,400,000

4.69500%

0.01156%

4.68344%

NAP

13,487.26

NAP

161,847.08

Interest Only

Actual/360

120

1/7/2022

3/6/2022

NAP

2/6/2032

L(24),D(91),O(5)

362,627

114,769

247,858

9/30/2021

T-12

372,429

107,456

264,973

12/31/2020

T-12

369,142

110,022

259,120

12/31/2019

T-12

95.0%

374,516

119,014

255,503

2,020

4,952

248,531

1.58

1.54

7.5%

7.3%

6,700,000

As Is

11/24/2021

50.7%

100.0%

1/1/2022

Balboa Lilly's

2,255

25.7%

8/31/2025

OLIC International

1,603

18.2%

12/31/2026

Balboa Tobacco

1,094

12.4%

5/31/2024

NAP

11/16/2021

NAP

11/16/2021

18%

Fee

NAP

23,529

3,961

10,342

1,477

169

413

5,625

NAP

Springing

Yes

NAP

Mark M. Read

Refinance

NAP

Loan

37-43 8th Avenue

0.3%

100.0%

Sabal Capital II, LLC

Sabal

NAP

37-43 8th Avenue

New York

10014

Mixed Use

Retail / Multifamily

1901

NAP

2,735

1,206.58

3,300,000

3.72000%

0.09031%

3.62969%

NAP

10,372.08

NAP

124,464.96

Interest Only

Actual/360

120

116

120

116

9/21/2021

11/6/2021

NAP

10/6/2031

L(28),YM1(88),O(4)

255,778

27,974

227,804

11/30/2021

T-12

NAV

95.0%

314,793

50,320

264,473

1,832

12,308

250,333

2.12

2.01

8.0%

7.6%

5,300,000

As Is

8/11/2021

62.3%

100.0%

11/30/2021

Aux Merveilleux de Fred

1,035

37.8%

6/30/2026

Gelateria Gentile

200

7.3%

7/31/2024

NAP

7/7/2021

NAP

7/7/2021

NAP

Fee

NAP

6,771

2,257

1,692

564

1,778

153

1,026

61,540

1,625

59,621

Shortfall Reserve ($49,207), Free Rent Reserve ($10,413.63)

NAP

Springing

Yes

NAP

David Gleitman, EJH Investments Inc. and Harbor Trading USA

Acquisition

NAP

Loan

Ganser Way Office

0.3%

100.0%

Sabal Capital II, LLC

Sabal

NAP

7633 Ganser Way

Madison

Dane

53719

Office

Suburban

1995

2020

28,914

104.52

3,022,000

2,540,326

3.92500%

0.09031%

3.83469%

14,297.13

10,021.74

171,565.56

120,260.88

Interest Only, Amortizing Balloon

Actual/360

120

117

360

10/29/2021

12/6/2021

12/6/2023

11/6/2031

L(27),YM1(89),O(4)

525,222

188,029

337,193

10/31/2021

T-12

501,686

184,333

317,353

12/31/2020

T-12

487,846

183,430

304,416

12/31/2019

T-12

88.4%

506,535

192,443

314,091

7,518

29,279

277,295

1.83

1.62

10.4%

9.2%

4,650,000

As Is

8/9/2021

65.0%

54.6%

88.5%

10/31/2021

Mental Health Solutions

6,944

24.0%

6/30/2025

Wilson Law Group

6,463

22.4%

5/31/2025

Inventure Realty Group

6,261

21.7%

5/31/2024

Consulting Services

1,680

5.8%

11/30/2027

State of Wisconsin

1,448

5.0%

7/31/2026

8/12/2021

NAP

8/12/2021

NAP

Fee

NAP

27,242

4,540

2,674

669

626

2,404

144,250

9,250

34,720

Outstanding Tenant Obligation Reserve

NAP

Springing

Yes

NAP

Duane Reed and Osbie Reed

Refinance

NAP

Loan

Bloomfield Apartments

0.3%

100.0%

Sabal Capital II, LLC

Sabal

NAP

329 Theatre Drive

Johnstown

Cambria

15904

Multifamily

Garden

1976

NAP

Units

36,515.76

3,000,000

2,994,292

2,140,586

3.78000%

0.09031%

3.68969%

15,472.96

NAP

185,675.52

NAP

Amortizing Balloon

Actual/360

120

119

300

299

12/30/2021

2/6/2022

1/6/2032

L(25),D(91),O(4)

658,414

250,241

408,173

11/30/2021

T-12

615,835

241,685

374,150

12/31/2020

T-12

601,433

240,062

361,371

12/31/2019

T-12

95.0%

638,848

288,040

350,807

28,573

322,235

1.89

1.74

11.7%

10.8%

5,000,000

As Is

12/2/2021

59.9%

42.8%

98.8%

12/6/2021

NAP

12/13/2021

NAP

12/13/2021

NAP

Fee

NAP

34,390

4,913

17,479

1,249

2,381

41,000

NAP

Springing

Yes

NAP

William R. McKool

Refinance

NAP

Loan

Upper Westside Apartments

0.2%

100.0%

Sabal Capital II, LLC

Sabal

NAP

408 Northwest 14th Street

Gainesville

Alachua

32603

Multifamily

Student Housing

2009

NAP

Units

113,157.63

2,500,000

2,489,468

1,977,167

3.88200%

0.09031%

3.79169%

11,765.94

NAP

141,191.28

NAP

Amortizing Balloon

Actual/360

120

117

360

357

10/8/2021

12/6/2021

11/6/2031

L(27),D(89),O(4)

370,623

175,170

195,453

10/31/2021

T-12

371,708

150,758

220,950

12/31/2020

T-12

370,298

167,211

203,088

12/31/2019

T-12

94.3%

382,978

166,218

216,760

6,445

210,315

1.54

1.49

8.7%

8.4%

3,990,000

As Is

8/31/2021

62.4%

49.6%

100.0%

11/19/2021

NAP

9/8/2021

NAP

9/8/2021

NAP

Fee

NAP

7,031

3,515

10,877

1,813

537

NAP

Springing

Yes

NAP

Deborah E. Berdy

Refinance

NAP

Loan

2641 - 2643 West Estes Avenue Apartments

0.2%

100.0%

Sabal Capital II, LLC

Sabal

NAP

2641-2643 West Estes Avenue

Chicago

Cook

60645

Multifamily

Mid Rise

1930

NAP

Units

150,000.00

2,400,000

3.56500%

0.09031%

3.47469%

NAP

7,229.03

NAP

86,748.36

Interest Only

Actual/360

120

115

120

115

9/3/2021

10/6/2021

NAP

9/6/2031

L(29),YM1(87),O(4)

238,372

99,341

139,030

12/15/2021

T-12

NAV

95.0%

274,264

68,182

206,082

4,000

202,082

2.38

2.33

8.6%

8.4%

3,760,000

As Is

7/19/2021

63.8%

100.0%

11/17/2021

NAP

8/2/2021

NAP

8/2/2021

NAP

Fee

NAP

8,008

2,002

6,882

626

333

NAP

Springing

Yes

NAP

Samuel Block

Refinance

NAP

Loan

1429 Bushwick Avenue

0.2%

100.0%

SMC

NAP

1429 Bushwick Avenue

Brooklyn

Kings

11207

Multifamily

Low Rise

1906

2012

Units

400,000.00

2,400,000

3.60000%

0.01156%

3.58844%

NAP

7,300.00

NAP

87,600.00

Interest Only

Actual/360

120

119

120

119

12/16/2021

2/6/2022

NAP

1/6/2032

L(25),D(89),O(6)

235,801

35,166

200,635

10/31/2021

T-12

219,706

38,493

181,213

12/31/2020

T-12

231,062

34,523

196,539

12/31/2019

T-12

95.0%

229,860

44,479

185,381

1,500

183,881

2.12

2.10

7.7%

4,000,000

As Is

11/16/2021

60.0%

100.0%

12/15/2021

NAP

12/1/2021

NAP

12/1/2021

NAP

Fee

NAP

2,621

1,310

2,324

775

125

NAP

Springing

Yes

NAP

Yehuda Brunner and Joel Silberstein

Refinance

NAP

Loan

Marshall Place Apartments

0.2%

100.0%

Sabal Capital II, LLC

Sabal

NAP

455 West Marshall Street and 925 Laprairie Street

Ferndale

Oakland

48220

Multifamily

Garden

1966

NAP

Units

77,997.85

2,346,000

2,339,936

1,872,805

4.14000%

0.09031%

4.04969%

11,390.34

NAP

136,684.08

NAP

Amortizing Balloon

Actual/360

120

118

360

358

11/12/2021

1/6/2022

12/6/2031

L(26),D(87),O(7)

399,464

236,156

163,308

9/30/2021

T-12

360,515

218,220

142,294

12/31/2020

T-12

307,304

224,943

82,362

12/31/2019

T-12

95.0%

414,801

217,505

197,296

9,137

188,160

1.44

1.38

8.4%

8.0%

3,560,000

As Is

9/28/2021

65.7%

52.6%

100.0%

11/3/2021

NAP

10/12/2021

NAP

10/12/2021

NAP

Fee

NAP

45,919

6,560

5,987

748

761

NAP

Springing

Yes

NAP

Manoj Manwani, Darshan Dhirubhai Patel and Sachin J. Shah

Acquisition

NAP

Loan

Longfield Estates MHC

0.2%

100.0%

Sabal Capital II, LLC

Sabal

NAP

910 Court Christopher Way

Maryville

Blount

37801

Manufactured Housing

1994

NAP

Pads

37,704.92

2,300,000

2,082,266

3.86000%

0.09031%

3.76969%

10,795.73

7,501.09

129,548.76

90,013.08

Interest Only, Amortizing Balloon

Actual/360

120

119

360

12/9/2021

2/6/2022

2/6/2027

1/6/2032

L(25),D(91),O(4)

297,843

102,656

195,188

9/30/2021

T-12

275,956

95,002

180,954

12/31/2020

T-12

176,087

61,584

114,502

12/31/2019

T-12

95.0%

309,160

117,628

191,533

3,050

188,483

1.48

1.45

8.3%

8.2%

3,490,000

As Is

9/20/2021

65.9%

59.7%

95.1%

10/5/2021

NAP

10/11/2021

NAP

10/13/2021

NAP

Fee

NAP

4,792

958

4,172

596

254

NAP

Springing

Yes

NAP

Shawn Scholem

Refinance

NAP

Loan

Duskfire Professional Center

0.2%

100.0%

Sabal Capital II, LLC

Sabal

NAP

1 & 51 West Elliot Road

Tempe

Maricopa

85284

Office

Suburban

1986

2019

24,573

91.56

2,250,000

1,887,308

3.85000%

0.09031%

3.75969%

10,548.19

7,319.01

126,578.28

87,828.12

Interest Only, Amortizing Balloon

Actual/360

120

119

360

12/20/2021

2/6/2022

2/6/2024

1/6/2032

L(25),YM1(91),O(4)

353,547

139,055

214,492

8/31/2021

T-12

335,711

141,199

194,512

12/31/2020

T-12

349,143

147,248

201,895

12/31/2019

T-12

90.0%

400,813

140,360

260,452

4,915

16,937

238,601

2.06

1.89

11.6%

10.6%

3,500,000

As Is

9/10/2021

64.3%

53.9%

94.5%

8/31/2021

Mariposa Therapy Services

6,553

26.7%

4/30/2028

Front Row Tickets, LLC

2,355

9.6%

10/31/2024

SOZO Healing House LLC

2,281

9.3%

4/30/2024

Dyslexia Pros Tempe, LLC

1,535

6.2%

10/31/2022

Image Awareness, Inc

1,360

5.5%

12/31/2022

9/27/2021

NAP

9/27/2021

NAP

Fee

NAP

13,450

2,853

3,382

483

410

75,000

1,516

90,935

NAP

Springing

Yes

NAP

Christopher L. Hays

Refinance

NAP

Loan

Jacksonville Secure Self Storage

0.2%

100.0%

Sabal Capital II, LLC

Sabal

NAP

2385 Pelham Road South

Jacksonville

Calhoun

36265

Self Storage

2018

NAP

33,515

62.66

2,100,000

1,782,631

4.27500%

0.09031%

4.18469%

10,361.50

7,585.16

124,338.00

91,021.92

Interest Only, Amortizing Balloon

Actual/360

120

117

360

10/12/2021

12/6/2021

12/6/2023

11/6/2031

L(27),D(89),O(4)

293,053

74,988

218,065

8/31/2021

T-12

278,870

61,258

217,612

12/31/2020

T-12

233,775

48,115

185,660

12/31/2019

T-12

95.0%

289,586

98,536

191,051

4,260

186,791

1.54

1.50

9.1%

8.9%

3,690,000

As Is

8/10/2021

56.9%

48.3%

99.4%

10/6/2021

NAP

8/23/2021

NAP

8/23/2021

NAP

Fee

NAP

15,837

1,218

2,702

901

355

7,125

NAP

Springing

Yes

NAP

Travis T. Mack

Acquisition

NAP

Loan

Diamond Blade

0.2%

100.0%

BMO

NAP

588 Lakeview Parkway

Vernon Hills

Lake

60061

Industrial

Warehouse

1991

NAP

28,052

71.30

2,000,000

4.72000%

0.01156%

4.70844%

NAP

7,975.93

NAP

95,711.16

Interest Only

Actual/360

120

118

120

118

11/23/2021

1/6/2022

NAP

12/6/2031

L(26),D(89),O(5)

NAV

95.0%

187,079

5,612

181,466

1.90

9.1%

3,200,000

As Is

10/21/2021

62.5%

100.0%

11/23/2021

Yes

Diamond Blade Warehouse

28,052

100.0%

11/22/2041

NAP

8/13/2021

NAP

8/13/2021

NAP

Fee

NAP

Springing

Trigger Lease Reserve

NAP

Springing

Yes

NAP

Arnold Gumowitz

Acquisition

NAP

Loan

640 Virginia Park Street

0.1%

100.0%

SMC

NAP

640 Virginia Park Street

Detroit

Wayne

48202

Multifamily

Garden

1966

NAP

Units

67,857.14

1,425,000

1,236,933

5.13000%

0.01156%

5.11844%

7,763.32

6,176.48

93,159.84

74,117.81

Interest Only, Amortizing Balloon

Actual/360

120

360

1/12/2022

3/6/2022

3/6/2024

2/6/2032

L(12),YM1(102),O(6)

205,950

65,758

140,192

11/30/2021

T-12

184,406

70,817

113,589

12/31/2020

T-12

168,415

40,486

127,929

12/31/2019

T-12

93.4%

209,190

86,420

122,770

5,250

117,520

1.32

1.26

8.6%

8.2%

2,240,000

As Is

11/23/2021

63.6%

55.2%

100.0%

1/7/2022

NAP

12/10/2021

NAP

12/10/2021

NAP

Fee

NAP

3,281

1,640

10,386

1,383

438

NAP

Springing

Yes

NAP

Jennifer Lyon

Refinance

NAP

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