BMO Commercial Mortgage Securities FWP Free writing prospectus

FREE WRITING PROSPECTUS

FILED PURSUANT TO RULE 433

REGISTRATION FILE NO.: 333-255934-06

BMO 2023-5C1 Disclaimer

STATEMENT REGARDING THIS FREE WRITING PROSPECTUS

The depositor has filed a registration statement (including a prospectus) with the Securities and Exchange Commission (‘‘SEC’’) 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 website 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herein is preliminary as of the date hereof, supersedes any such information previously delivered to you and will be superseded by any such information subsequently delivered and ultimately by the final prospectus relating to the securities.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., Citigroup Global Markets Inc., Deutsche Bank Securities Inc., Goldman Sachs & Co. LLC, KeyBanc Capital Markets Inc., SG Americas Securities, LLC, 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 2023 5C1

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
								1	25
1	Loan	1, 10, 12, 27	1	Gateway Center South	8.2%	100.0%	DBRI, WFBNA	GACC, 3650 REIT	NAP	NAP	501 Gateway Drive	Brooklyn	Kings	NY	11239
2	Loan	1, 12, 13, 21, 23, 24	1	11 West 42nd Street	8.2%	100.0%	BOA, LMF, UBS	LMF, BMO	NAP	NAP	11 West 42nd Street	New York	New York	NY	10036
3	Loan	1, 5, 12, 18, 19, 20, 24	1	Short Pump Town Center	8.2%	100.0%	GSBI, BANA	GSMC	Group A	NAP	11800 West Broad Street	Richmond	Henrico	VA	23233
4	Loan	7, 16, 26, 29	1	Brookview Commons	7.6%	100.0%	3650 REIT	3650 REIT	NAP	NAP	30-36 Crosby Street and 333 Main Street	Danbury	Fairfield	CT	06810
5	Loan	1, 2, 6, 12, 16, 19, 20, 22, 33	7	ICP/IRG Holdings Portfolio	6.9%		JPMCB, 3650 REIT	3650 REIT	NAP	NAP	Various	Various	Various	Various	Various
5.01	Property		1	Romulus - Huron	1.8%	25.5%					38481 Huron River Drive	Romulus	Wayne	MI	48174
5.02	Property		1	Warren Perkins Jones	1.6%	22.5%					541 Perkins Jones Road Northeast	Warren	Trumbull	OH	44483
5.03	Property		1	Cleveland American Industrial	1.2%	17.0%					1 American Road	Cleveland	Cuyahoga	OH	44144
5.04	Property		1	Cleveland American Office	1.0%	14.5%					100 American Road	Cleveland	Cuyahoga	OH	44144
5.05	Property		1	Miles North Randall	0.9%	13.0%					21201 Miles Road	North Randall	Cuyahoga	OH	44128
5.06	Property		1	Invacare	0.4%	6.0%					1200 Taylor Street	Elyria	Lorain	OH	44035
5.07	Property		1	Stop Eight Vandalia	0.1%	1.5%					3345 Stop Eight Road	Vandalia	Montgomery	OH	45414
6	Loan	2, 12, 13, 16, 19	1	California High Tech Logistics	6.8%	100.0%	SGFC	SGFC	NAP	NAP	14063 East Brown Street	Riverside	Riverside	CA	92508
7	Loan	1, 12, 23, 30	1	Cumberland Mall	6.8%	100.0%	DBNY, BMO, MSNBA	GACC, BMO	Group A	NAP	2860 Cumberland Mall Southeast	Atlanta	Cobb	GA	30339
8	Loan	2, 6, 12, 13	5	Gilardian NYC Portfolio II	5.4%		BMO	BMO	NAP	NAP	Various	New York	New York	NY	Various
8.01	Property		1	2410-2418 Broadway	1.8%	34.1%					2410-2418 Broadway	New York	New York	NY	10024
8.02	Property		1	245 West 51st Street	1.7%	31.9%					245 West 51st Street	New York	New York	NY	10019
8.03	Property		1	324-326 West 84th Street	1.0%	19.3%					324-326 West 84th Street	New York	New York	NY	10024
8.04	Property		1	107 West 68th Street	0.6%	11.0%					107 West 68th Street	New York	New York	NY	10023
8.05	Property		1	1443-1447 York Avenue	0.2%	3.7%					1443-1447 York Avenue	New York	New York	NY	10075
9	Loan	2, 17, 19, 21, 27, 29	1	Four Points Flushing	5.2%	100.0%	CREFI	CREFI	NAP	NAP	33-68 Farrington Street	Queens	Queens	NY	11354
10	Loan	1, 5, 10, 12, 13, 19, 23, 30, 31	1	Back Bay Office	3.9%	100.0%	DBNY, GS Bank, WFBNA, New York Life Insurance Company, TIAA	GACC, GSMC	NAP	NAP	222 Berkeley Street and 500 Boylston Street	Boston	Suffolk	MA	02116
11	Loan	1, 4, 12, 13, 20, 33	1	Harborside 2-3	3.9%	100.0%	BMO, CREFI	CREFI, BMO	NAP	NAP	200-210 Hudson Street	Jersey City	Hudson	NJ	07311
12	Loan	1, 4, 12, 19, 28, 33	1	The Widener Building	3.5%	100.0%	BMO, SMC	BMO, SMC	NAP	NAP	1337 Chestnut Street	Philadelphia	Philadelphia	PA	19107
13	Loan	20	1	107 Tom Starling Road	3.4%	100.0%	CREFI	CREFI	NAP	NAP	107 Tom Starling Road	Fayetteville	Cumberland	NC	28306
14	Loan	1, 12, 17, 19, 21	1	Oxmoor Center	2.9%	100.0%	Barclays, SGFC	SGFC	Group A	NAP	7900 Shelbyville Road	Louisville	Jefferson	KY	40222
15	Loan	1, 10, 12, 13, 15, 21, 30	1	Heritage Plaza	2.6%	100.0%	GSBI, MSBNA	BMO	Group A	NAP	1111 & 1200 Bagby Street	Houston	Harris	TX	77002
16	Loan	2, 6, 10, 16, 19, 29	2	Cosmos Portfolio	2.4%		SGFC	SGFC	NAP	NAP	Various	Various	Various	GA	Various
16.01	Property		1	121 Morgan Lakes Industrial Blvd	1.4%	60.9%					121 Morgan Lakes Industrial Boulevard	Pooler	Chatham	GA	31322
16.02	Property		1	6582 Peachtree Industrial Blvd	0.9%	39.1%					6582 Peachtree Industrial Boulevard	Peachtree Corners	Gwinnett	GA	30071
17	Loan	4, 5, 12	1	Riverview Tower	2.3%	100.0%	BMO	BMO	NAP	NAP	900 South Gay Street	Knoxville	Knox	TN	37902
18	Loan	4, 19, 22	1	Museum Tower	2.2%	100.0%	SMC	SMC	NAP	NAP	150 West Flagler Street	Miami	Miami-Dade	FL	33130
19	Loan	6, 12, 16, 22	3	Grogan Portfolio	2.2%		KeyBank	KeyBank	NAP	NAP	Various	Various	Various	NY	Various
19.01	Property		1	Sweet Sam's Factory	1.4%	64.0%					1261 Seabury Avenue	Bronx	Bronx	NY	10462
19.02	Property		1	15 East 76th Street	0.5%	24.3%					15 East 76th Street	New York	New York	NY	10021
19.03	Property		1	523B East 85th Street	0.3%	11.7%					523B East 85th Street	New York	New York	NY	10028
20	Loan	3, 5, 12, 16, 17, 19, 22	1	RH HQ	1.8%	100.0%	3650 REIT	3650 REIT	NAP	NAP	5725 Paradise Drive	Corte Madera	Marin	CA	94925
21	Loan	4, 6, 12, 16, 19, 24	2	Select Parking NYC Portfolio	1.3%		BMO	BMO	NAP	NAP	Various	New York	New York	NY	Various
21.01	Property		1	30, 40 and 60 East 9th Street	0.9%	65.5%					30, 40 and 60 East 9th Street	New York	New York	NY	10003
21.02	Property		1	260 West 87th Street	0.5%	34.5%					260 West 87th Street	New York	New York	NY	10024
22	Loan	5, 6, 12, 13, 29	45	Prime Storage Portfolio #3	1.3%		CREFI	CREFI	NAP	NAP	Various	Various	Various	Various	Various
22.01	Property		1	Prime Storage Bridgehampton	0.1%	7.5%					229 Butter Lane	Bridgehampton	Suffolk	NY	11932
22.02	Property		1	Prime Storage Bohemia	0.1%	6.3%					868 Lincoln Avenue	Bohemia	Suffolk	NY	11716
22.03	Property		1	Prime Storage Westhampton Beach	0.1%	4.0%					98 Depot Road	Westhampton Beach	Suffolk	NY	11978
22.04	Property		1	Prime Storage Queens Jamaica	0.0%	3.7%					109-09 180th Street	Jamaica	Queens	NY	11433
22.05	Property		1	Prime Storage West Palm Beach	0.0%	3.5%					411 and 422 7th Street	West Palm Beach	Palm Beach	FL	33401
22.06	Property		1	Prime Storage Snellville	0.0%	3.3%					3220 Centerville Highway	Snellville	Gwinnett	GA	30039
22.07	Property		1	Prime Storage Shallotte	0.0%	3.1%					4747 Old Shallotte Road Northwest	Shallotte	Brunswick	NC	28470
22.08	Property		1	Prime Storage Danbury East	0.0%	3.0%					8A Great Pasture Road	Danbury	Fairfield	CT	06810
22.09	Property		1	Prime Storage Dallas	0.0%	2.9%					9088 Dallas Acworth Highway	Dallas	Paulding	GA	30132
22.10	Property		1	Prime Storage Bay Shore Pine Aire Dr.	0.0%	2.8%					99 Pine Aire Drive	Bay Shore	Suffolk	NY	11706
22.11	Property		1	Prime Storage Mesa	0.0%	2.8%					5932 East Brown Road	Mesa	Maricopa	AZ	85205
22.12	Property		1	Prime Storage Warren	0.0%	2.7%					130 Franklin Street	Warren	Bristol	RI	02885
22.13	Property		1	Prime Storage Portsmouth	0.0%	2.4%					350 High Point Avenue	Portsmouth	Newport	RI	02871
22.14	Property		1	Prime Storage Bolivia	0.0%	2.4%					890 Southport - Supply Road Southeast	Bolivia	Brunswick	NC	28422
22.15	Property		1	Prime Storage Charlottesville	0.0%	2.3%					2365, 2383 and 2375 Hunters Way	Charlottesville	Albemarle	VA	22911
22.16	Property		1	Prime Storage Clifton	0.0%	2.3%					47 Main Avenue	Clifton	Passaic	NJ	07014
22.17	Property		1	Prime Storage Centereach	0.0%	2.2%					21 Hammond Road	Centereach	Suffolk	NY	11720
22.18	Property		1	Prime Storage Marietta North	0.0%	2.2%					3850 Shallowford Road	Marietta	Cobb	GA	30062
22.19	Property		1	Prime Storage Hardeeville	0.0%	2.1%					1689 Brickyard Road	Hardeeville	Jasper	SC	29927
22.20	Property		1	Prime Storage Summerville	0.0%	2.1%					2248 North Main Street	Summerville	Berkeley	SC	29486
22.21	Property		1	Prime Storage Virginia Beach Lynnhaven Pkwy.	0.0%	2.0%					1553 Lynnhaven Parkway	Virginia Beach	Virginia Beach	VA	23453
22.22	Property		1	Prime Storage Marietta South	0.0%	2.0%					155 Heathersett Drive	Marietta	Cobb	GA	30064
22.23	Property		1	Prime Storage Cartersville	0.0%	1.9%					1340 Joe Frank Harris Parkway	Cartersville	Bartow	GA	30120
22.24	Property		1	Prime Storage Danbury West	0.0%	1.9%					20 Old Ridgebury Road	Danbury	Fairfield	CT	06810
22.25	Property		1	Prime Storage Scarborough	0.0%	1.8%					8 Pleasant Hill Road	Scarborough	Cumberland	ME	04074
22.26	Property		1	Prime Storage Baltimore	0.0%	1.7%					3220 Wilkens Avenue	Baltimore	Baltimore	MD	21229
22.27	Property		1	Prime Storage Farmingdale	0.0%	1.7%					2091 New Highway	Farmingdale	Suffolk	NY	11735
22.28	Property		1	Prime Storage Baltimore - 3500 Wilkens Ave.	0.0%	1.7%					3500 Wilkens Avenue	Baltimore	Baltimore	MD	21229
22.29	Property		1	Prime Storage Glenville	0.0%	1.6%					65 Freemans Bridge Road	Glenville	Schenectady	NY	12302
22.30	Property		1	Prime Storage Fishers Ford Dr.	0.0%	1.5%					12650 Ford Drive	Fishers	Hamilton	IN	46038
22.31	Property		1	Prime Storage Acworth North	0.0%	1.5%					6394 Bells Ferry Road	Acworth	Cherokee	GA	30102
22.32	Property		1	Prime Storage Rock Hill	0.0%	1.5%					2550 Cherry Road	Rock Hill	York	SC	29732
22.33	Property		1	Prime Storage Simpsonville	0.0%	1.5%					2711 Woodruff Road	Simpsonville	Greenville	SC	29681
22.34	Property		1	Prime Storage Acworth East	0.0%	1.4%					2645 Hickory Grove Road	Acworth	Cobb	GA	30101
22.35	Property		1	Prime Storage Saco	0.0%	1.4%					28 Industrial Park Road	Saco	York	ME	04072
22.36	Property		1	Prime Storage Baltimore North Point Blvd.	0.0%	1.4%					2613 North Point Boulevard	Baltimore	Baltimore	MD	21222
22.37	Property		1	Prime Storage Green Island	0.0%	1.3%					12 Lower Hudson Avenue	Green Island	Albany	NY	12183
22.38	Property		1	Prime Storage North Fort Myers	0.0%	1.3%					2590 North Tamiami Trail	North Fort Myers	Lee	FL	33903
22.39	Property		1	Prime Storage Marietta	0.0%	1.2%					1225 Canton Road	Marietta	Cobb	GA	30066
22.40	Property		1	Prime Storage Midland	0.0%	1.2%					6700 Flat Rock Road	Midland	Muscogee	GA	31820
22.41	Property		1	Prime Storage Lansing	0.0%	1.2%					1530 Lake Lansing Road	Lansing	Ingham	MI	48912
22.42	Property		1	Prime Storage Acworth West	0.0%	1.2%					3495 Baker Road	Acworth	Cobb	GA	30101
22.43	Property		1	Prime Storage Boardman	0.0%	1.1%					7469 South Avenue	Boardman	Mahoning	OH	44512
22.44	Property		1	Prime Storage North Miami	0.0%	0.9%					1945 Northeast 135th Street	North Miami	Miami-Dade	FL	33181
22.45	Property		1	Prime Storage Greenville Butler Rd.	0.0%	0.6%					1260 East Butler Road	Greenville	Greenville	SC	29607
23	Loan		1	Eden Apartments	1.0%	100.0%	SGFC	SGFC	NAP	NAP	800 Minette Circle	Louisville	Jefferson	KY	40258
24	Loan	1, 5, 10, 12, 13, 17, 19, 20, 21, 26, 27, 30	1	Green Acres	0.7%	100.0%	GSBI, MSBNA, BMO, DBRI	BMO	NAP	NAP	2034 Green Acres Road	Valley Stream	Nassau	NY	11581
25	Loan	6, 20	2	Little Rock Self Storage Portfolio	0.6%		CREFI	CREFI	NAP	NAP	Various	Little Rock	Pulaski	AR	72209
25.01	Property		1	8015 Geyer Springs Road	0.4%	56.0%					8015 Geyer Springs Road	Little Rock	Pulaski	AR	72209
25.02	Property		1	6100 Leon Circle	0.3%	44.0%					6100 Leon Circle	Little Rock	Pulaski	AR	72209
26	Loan		1	Mini U Storage - Tomball	0.5%	100.0%	KeyBank	KeyBank	NAP	NAP	11950 Spring Cypress Road	Tomball	Harris	TX	77377
27	Loan		1	Marco MHC	0.3%	100.0%	SMC	SMC	NAP	NAP	235 Old Country Road	Riverhead	Suffolk	NY	11901

A-1

BMO 2023 5C1

Annex A-1

Loan ID Number	Loan / Property Flag	Footnotes (for Loan and Property Information)	# of Properties	Property Name	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 %
					2	2			3			6, 7	6, 7	6, 7		8
1	Loan	1, 10, 12, 27	1	Gateway Center South	Retail	Anchored	2002	NAP	355,033	SF	457.70	62,500,000	62,500,000	62,500,000	6.87300%	0.016595%
2	Loan	1, 12, 13, 21, 23, 24	1	11 West 42nd Street	Office	CBD	1927	2018	960,568	SF	285.25	62,500,000	62,500,000	62,500,000	7.44000%	0.017845%
3	Loan	1, 5, 12, 18, 19, 20, 24	1	Short Pump Town Center	Retail	Open-Air Lifestyle Center	2003	2014	635,494	SF	283.24	62,500,000	62,500,000	62,500,000	8.30300%	0.017845%
4	Loan	7, 16, 26, 29	1	Brookview Commons	Multifamily	Mid Rise	2007, 2023	NAP	264	Units	219,696.97	58,000,000	58,000,000	58,000,000	6.00000%	0.016595%
5	Loan	1, 2, 6, 12, 16, 19, 20, 22, 33	7	ICP/IRG Holdings Portfolio	Various	Various	Various	Various	4,662,982	SF	38.60	52,800,000	52,800,000	52,800,000	7.35000%	0.016595%
5.01	Property		1	Romulus - Huron	Industrial	Manufacturing/Warehouse	1956	NAP	1,112,004	SF		13,464,000	13,464,000	13,464,000
5.02	Property		1	Warren Perkins Jones	Industrial	Warehouse/Distribution	1982	2022	1,365,535	SF		11,880,000	11,880,000	11,880,000
5.03	Property		1	Cleveland American Industrial	Industrial	Warehouse/Distribution	1978	2022	1,142,265	SF		8,976,000	8,976,000	8,976,000
5.04	Property		1	Cleveland American Office	Office	Suburban	1978	2020	344,355	SF		7,656,000	7,656,000	7,656,000
5.05	Property		1	Miles North Randall	Industrial	Warehouse/Distribution	2021	NAP	302,400	SF		6,864,000	6,864,000	6,864,000
5.06	Property		1	Invacare	Industrial	Flex	1972	2013	301,000	SF		3,168,000	3,168,000	3,168,000
5.07	Property		1	Stop Eight Vandalia	Industrial	Warehouse/Distribution	1970	2020	95,423	SF		792,000	792,000	792,000
6	Loan	2, 12, 13, 16, 19	1	California High Tech Logistics	Industrial	Warehouse/Distribution	2019	NAP	596,090	SF	117.43	52,000,000	52,000,000	52,000,000	8.12200%	0.016595%
7	Loan	1, 12, 23, 30	1	Cumberland Mall	Retail	Super Regional Mall	1973	2006-2016	709,318	SF	253.76	52,000,000	52,000,000	52,000,000	7.87000%	0.016595%
8	Loan	2, 6, 12, 13	5	Gilardian NYC Portfolio II	Multifamily	Various	Various	Various	201	Units	268,656.72	41,000,000	41,000,000	41,000,000	4.18762962962963%	0.016595%
8.01	Property		1	2410-2418 Broadway	Multifamily	High Rise	1915	1989	46	Units		14,000,741	14,000,741	14,000,741
8.02	Property		1	245 West 51st Street	Multifamily	High Rise	1912	1998	65	Units		13,082,037	13,082,037	13,082,037
8.03	Property		1	324-326 West 84th Street	Multifamily	High Rise	1914	NAP	48	Units		7,896,296	7,896,296	7,896,296
8.04	Property		1	107 West 68th Street	Multifamily	Mid Rise	1930	NAP	30	Units		4,494,815	4,494,815	4,494,815
8.05	Property		1	1443-1447 York Avenue	Multifamily	Mid Rise	1920	NAP	12	Units		1,526,111	1,526,111	1,526,111
9	Loan	2, 17, 19, 21, 27, 29	1	Four Points Flushing	Mixed Use	Hospitality/Retail	2021	NAP	210	Rooms	190,952.38	40,100,000	40,100,000	40,100,000	7.67000%	0.016595%
10	Loan	1, 5, 10, 12, 13, 19, 23, 30, 31	1	Back Bay Office	Office	CBD	1987, 1991	2016-2022	1,283,670	SF	370.03	30,000,000	30,000,000	30,000,000	6.29800%	0.016595%
11	Loan	1, 4, 12, 13, 20, 33	1	Harborside 2-3	Office	CBD	1930	2021	1,599,029	SF	140.71	30,000,000	30,000,000	30,000,000	5.84000%	0.016595%
12	Loan	1, 4, 12, 19, 28, 33	1	The Widener Building	Mixed Use	Office/Retail/Court	1916	2007	441,696	SF	113.20	27,000,000	27,000,000	27,000,000	7.68500%	0.016595%
13	Loan	20	1	107 Tom Starling Road	Industrial	Warehouse/Distribution	1974	1999	918,724	SF	28.30	26,000,000	26,000,000	26,000,000	7.75000%	0.016595%
14	Loan	1, 12, 17, 19, 21	1	Oxmoor Center	Retail	Super Regional Mall	1971	1984, 2013, 2022	904,078	SF	99.55	22,500,000	22,500,000	22,500,000	8.12000%	0.016595%
15	Loan	1, 10, 12, 13, 15, 21, 30	1	Heritage Plaza	Office	CBD	1986	2021	1,158,165	SF	148.51	20,000,000	20,000,000	20,000,000	7.63000%	0.016595%
16	Loan	2, 6, 10, 16, 19, 29	2	Cosmos Portfolio	Industrial	Warehouse/Distribution	Various	Various	256,132	SF	70.86	18,150,000	18,150,000	18,150,000	8.01200%	0.016595%
16.01	Property		1	121 Morgan Lakes Industrial Blvd	Industrial	Warehouse/Distribution	2018	NAP	153,092	SF		11,050,000	11,050,000	11,050,000
16.02	Property		1	6582 Peachtree Industrial Blvd	Industrial	Warehouse/Distribution	1974	1993	103,040	SF		7,100,000	7,100,000	7,100,000
17	Loan	4, 5, 12	1	Riverview Tower	Office	CBD	1981-1984	2013	334,198	SF	82.55	17,600,000	17,592,102	16,860,727	7.99990%	0.016595%
18	Loan	4, 19, 22	1	Museum Tower	Office	CBD	1983	NAP	243,825	SF	192.76	17,000,000	17,000,000	17,000,000	6.54600%	0.017845%
19	Loan	6, 12, 16, 22	3	Grogan Portfolio	Various	Various	Various	Various	Various	Various	182.96	16,500,000	16,500,000	16,500,000	7.30000%	0.025345%
19.01	Property		1	Sweet Sam's Factory	Industrial	Warehouse	1963	2007	72,882	SF		10,568,000	10,568,000	10,568,000
19.02	Property		1	15 East 76th Street	Multifamily	Mid Rise	1896	1980, 2010	6	Units		4,006,000	4,006,000	4,006,000
19.03	Property		1	523B East 85th Street	Multifamily	Mid Rise	1910	2014	7	Units		1,926,000	1,926,000	1,926,000
20	Loan	3, 5, 12, 16, 17, 19, 22	1	RH HQ	Office	Suburban	1978, 1997	NAP	97,951	SF	296.07	14,000,000	14,000,000	14,000,000	5.38000%	0.016595%
21	Loan	4, 6, 12, 16, 19, 24	2	Select Parking NYC Portfolio	Other	Parking Garage	Various	NAP	550	Spaces	80,000.00	10,000,000	10,000,000	10,000,000	7.91000%	0.016595%
21.01	Property		1	30, 40 and 60 East 9th Street	Other	Parking Garage	1955	NAP	360	Spaces		6,545,455	6,545,455	6,545,455
21.02	Property		1	260 West 87th Street	Other	Parking Garage	1987	NAP	190	Spaces		3,454,545	3,454,545	3,454,545
22	Loan	5, 6, 12, 13, 29	45	Prime Storage Portfolio #3	Self Storage	Self Storage	Various	Various	3,090,509	SF	131.33	10,000,000	10,000,000	10,000,000	6.39000%	0.031345%
22.01	Property		1	Prime Storage Bridgehampton	Self Storage	Self Storage	2005	NAP	67,842	SF		748,748	748,748	748,748
22.02	Property		1	Prime Storage Bohemia	Self Storage	Self Storage	1995	2004	153,175	SF		631,088	631,088	631,088
22.03	Property		1	Prime Storage Westhampton Beach	Self Storage	Self Storage	2003	2007	66,250	SF		403,789	403,789	403,789
22.04	Property		1	Prime Storage Queens Jamaica	Self Storage	Self Storage	1952	2007	89,028	SF		367,689	367,689	367,689
22.05	Property		1	Prime Storage West Palm Beach	Self Storage	Self Storage	2000	2011	70,670	SF		354,318	354,318	354,318
22.06	Property		1	Prime Storage Snellville	Self Storage	Self Storage	2006	2008	97,174	SF		334,263	334,263	334,263
22.07	Property		1	Prime Storage Shallotte	Self Storage	Self Storage	1994	2006	135,520	SF		308,859	308,859	308,859
22.08	Property		1	Prime Storage Danbury East	Self Storage	Self Storage	2002	NAP	81,744	SF		300,836	300,836	300,836
22.09	Property		1	Prime Storage Dallas	Self Storage	Self Storage	2003	NAP	77,898	SF		286,129	286,129	286,129
22.10	Property		1	Prime Storage Bay Shore Pine Aire Dr.	Self Storage	Self Storage	1998	NAP	75,500	SF		282,118	282,118	282,118
22.11	Property		1	Prime Storage Mesa	Self Storage	Self Storage	2006	NAP	93,265	SF		280,781	280,781	280,781
22.12	Property		1	Prime Storage Warren	Self Storage	Self Storage	1945	2007	66,127	SF		266,073	266,073	266,073
22.13	Property		1	Prime Storage Portsmouth	Self Storage	Self Storage	2002	NAP	52,575	SF		240,669	240,669	240,669
22.14	Property		1	Prime Storage Bolivia	Self Storage	Self Storage	2006	NAP	85,925	SF		239,332	239,332	239,332
22.15	Property		1	Prime Storage Charlottesville	Self Storage	Self Storage	1999, 2002, 2007, 2013	NAP	72,465	SF		232,647	232,647	232,647
22.16	Property		1	Prime Storage Clifton	Self Storage	Self Storage	1947, 2000	2019	51,140	SF		228,636	228,636	228,636
22.17	Property		1	Prime Storage Centereach	Self Storage	Self Storage	1978, 1997	2019	68,031	SF		224,624	224,624	224,624
22.18	Property		1	Prime Storage Marietta North	Self Storage	Self Storage	2002	NAP	80,595	SF		216,602	216,602	216,602
22.19	Property		1	Prime Storage Hardeeville	Self Storage	Self Storage	2010	NAP	72,089	SF		211,254	211,254	211,254
22.20	Property		1	Prime Storage Summerville	Self Storage	Self Storage	2017	NAP	100,600	SF		210,585	210,585	210,585
22.21	Property		1	Prime Storage Virginia Beach Lynnhaven Pkwy.	Self Storage	Self Storage	2016	NAP	62,183	SF		201,895	201,895	201,895
22.22	Property		1	Prime Storage Marietta South	Self Storage	Self Storage	1986, 2003	NAP	86,196	SF		200,558	200,558	200,558
22.23	Property		1	Prime Storage Cartersville	Self Storage	Self Storage	2001	2006	49,706	SF		188,524	188,524	188,524
22.24	Property		1	Prime Storage Danbury West	Self Storage	Self Storage	2010	NAP	43,789	SF		187,187	187,187	187,187
22.25	Property		1	Prime Storage Scarborough	Self Storage	Self Storage	1985	1998	53,025	SF		180,502	180,502	180,502
22.26	Property		1	Prime Storage Baltimore	Self Storage	Self Storage	1988	NAP	73,685	SF		171,142	171,142	171,142
22.27	Property		1	Prime Storage Farmingdale	Self Storage	Self Storage	1976	1994, 2006, 2009	43,998	SF		171,142	171,142	171,142
22.28	Property		1	Prime Storage Baltimore - 3500 Wilkens Ave.	Self Storage	Self Storage	1984	NAP	70,758	SF		167,131	167,131	167,131
22.29	Property		1	Prime Storage Glenville	Self Storage	Self Storage	1999	2004	62,143	SF		157,772	157,772	157,772
22.30	Property		1	Prime Storage Fishers Ford Dr.	Self Storage	Self Storage	1996	NAP	68,875	SF		151,087	151,087	151,087
22.31	Property		1	Prime Storage Acworth North	Self Storage	Self Storage	2001	NAP	67,599	SF		148,413	148,413	148,413
22.32	Property		1	Prime Storage Rock Hill	Self Storage	Self Storage	2016	NAP	72,300	SF		147,744	147,744	147,744
22.33	Property		1	Prime Storage Simpsonville	Self Storage	Self Storage	2004	2018	85,425	SF		145,070	145,070	145,070
22.34	Property		1	Prime Storage Acworth East	Self Storage	Self Storage	1999	NAP	64,877	SF		140,390	140,390	140,390
22.35	Property		1	Prime Storage Saco	Self Storage	Self Storage	2000	NAP	32,175	SF		140,390	140,390	140,390
22.36	Property		1	Prime Storage Baltimore North Point Blvd.	Self Storage	Self Storage	2007	NAP	48,200	SF		139,053	139,053	139,053
22.37	Property		1	Prime Storage Green Island	Self Storage	Self Storage	1997-1999	NAP	42,975	SF		127,020	127,020	127,020
22.38	Property		1	Prime Storage North Fort Myers	Self Storage	Self Storage	1984, 1996	NAP	40,928	SF		126,351	126,351	126,351
22.39	Property		1	Prime Storage Marietta	Self Storage	Self Storage	1988	1997	65,984	SF		124,346	124,346	124,346
22.40	Property		1	Prime Storage Midland	Self Storage	Self Storage	2001	2004	61,495	SF		120,335	120,335	120,335
22.41	Property		1	Prime Storage Lansing	Self Storage	Self Storage	1987	2004	54,785	SF		118,663	118,663	118,663
22.42	Property		1	Prime Storage Acworth West	Self Storage	Self Storage	1995, 1997, 2000	NAP	41,534	SF		117,660	117,660	117,660
22.43	Property		1	Prime Storage Boardman	Self Storage	Self Storage	1998	2020	80,558	SF		114,853	114,853	114,853
22.44	Property		1	Prime Storage North Miami	Self Storage	Self Storage	2002	NAP	16,955	SF		86,908	86,908	86,908
22.45	Property		1	Prime Storage Greenville Butler Rd.	Self Storage	Self Storage	1996	NAP	42,750	SF		56,825	56,825	56,825
23	Loan		1	Eden Apartments	Multifamily	Garden	1972	2022	124	Units	61,290.32	7,600,000	7,600,000	7,600,000	6.62500%	0.016595%
24	Loan	1, 5, 10, 12, 13, 17, 19, 20, 21, 26, 27, 30	1	Green Acres	Retail	Super Regional Mall	1956, 2016	1982, 2006, 2007	2,081,286	SF	177.77	5,500,000	5,500,000	5,500,000	5.89900%	0.016595%
25	Loan	6, 20	2	Little Rock Self Storage Portfolio	Self Storage	Self Storage	Various	Various	99,065	SF	48.65	4,820,000	4,820,000	4,820,000	6.83000%	0.016595%
25.01	Property		1	8015 Geyer Springs Road	Self Storage	Self Storage	1986	2009	42,550	SF		2,698,000	2,698,000	2,698,000
25.02	Property		1	6100 Leon Circle	Self Storage	Self Storage	1988	NAP	56,515	SF		2,122,000	2,122,000	2,122,000
26	Loan		1	Mini U Storage - Tomball	Self Storage	Self Storage	2007	NAP	81,809	SF	49.51	4,050,000	4,050,000	4,050,000	7.28000%	0.025345%
27	Loan		1	Marco MHC	Manufactured Housing	Manufactured Housing	1978	NAP	41	Pads	53,146.08	2,180,000	2,178,989	2,086,486	7.91000%	0.016595%

A-2

BMO 2023 5C1

Annex A-1

Loan ID Number	Loan / Property Flag	Footnotes (for Loan and Property Information)	# of Properties	Property Name	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.)
						9	9	9	9
1	Loan	1, 10, 12, 27	1	Gateway Center South	6.85641%	NAP	362,940.54	NAP	4,355,286.48	Interest Only	No	Actual/360	60	58	60	58	0	0	5/24/2023	2
2	Loan	1, 12, 13, 21, 23, 24	1	11 West 42nd Street	7.42216%	NAP	392,881.94	NAP	4,714,583.28	Interest Only	No	Actual/360	60	59	60	59	0	0	6/30/2023	1
3	Loan	1, 5, 12, 18, 19, 20, 24	1	Short Pump Town Center	8.28516%	NAP	438,454.14	NAP	5,261,449.68	Interest Only	No	Actual/360	60	60	60	60	0	0	7/6/2023	0
4	Loan	7, 16, 26, 29	1	Brookview Commons	5.98341%	NAP	294,027.78	NAP	3,528,333.36	Interest Only	No	Actual/360	60	58	60	58	0	0	5/11/2023	2
5	Loan	1, 2, 6, 12, 16, 19, 20, 22, 33	7	ICP/IRG Holdings Portfolio	7.33341%	NAP	327,891.67	NAP	3,934,700.04	Interest Only	No	Actual/360	60	57	60	57	0	0	4/20/2023	3
5.01	Property		1	Romulus - Huron
5.02	Property		1	Warren Perkins Jones
5.03	Property		1	Cleveland American Industrial
5.04	Property		1	Cleveland American Office
5.05	Property		1	Miles North Randall
5.06	Property		1	Invacare
5.07	Property		1	Stop Eight Vandalia
6	Loan	2, 12, 13, 16, 19	1	California High Tech Logistics	8.10541%	NAP	356,841.57	NAP	4,282,098.84	Interest Only	No	Actual/360	60	56	60	56	0	0	3/31/2023	4
7	Loan	1, 12, 23, 30	1	Cumberland Mall	7.85341%	NAP	345,769.91	NAP	4,149,238.92	Interest Only	No	Actual/360	60	57	60	57	0	0	4/14/2023	3
8	Loan	2, 6, 12, 13	5	Gilardian NYC Portfolio II	4.17103462962963%	NAP	145,064.53	NAP	1,740,774.36	Interest Only	No	Actual/360	60	58	60	58	0	0	6/1/2023	2
8.01	Property		1	2410-2418 Broadway
8.02	Property		1	245 West 51st Street
8.03	Property		1	324-326 West 84th Street
8.04	Property		1	107 West 68th Street
8.05	Property		1	1443-1447 York Avenue
9	Loan	2, 17, 19, 21, 27, 29	1	Four Points Flushing	7.65341%	NAP	259,865.64	NAP	3,118,387.68	Interest Only	No	Actual/360	60	60	60	60	0	0	7/12/2023	0
10	Loan	1, 5, 10, 12, 13, 19, 23, 30, 31	1	Back Bay Office	6.28141%	NAP	159,636.81	NAP	1,915,641.72	Interest Only	No	Actual/360	60	59	60	59	0	0	6/7/2023	1
11	Loan	1, 4, 12, 13, 20, 33	1	Harborside 2-3	5.82341%	NAP	148,027.78	NAP	1,776,333.36	Interest Only	No	Actual/360	60	56	60	56	0	0	4/4/2023	4
12	Loan	1, 4, 12, 19, 28, 33	1	The Widener Building	7.66841%	NAP	175,314.06	NAP	2,103,768.72	Interest Only	No	Actual/360	60	59	60	59	0	0	6/9/2023	1
13	Loan	20	1	107 Tom Starling Road	7.73341%	NAP	170,248.84	NAP	2,042,986.08	Interest Only	No	Actual/360	60	59	60	59	0	0	6/29/2023	1
14	Loan	1, 12, 17, 19, 21	1	Oxmoor Center	8.10341%	NAP	154,364.58	NAP	1,852,374.96	Interest Only	No	Actual/360	60	58	60	58	0	0	5/25/2023	2
15	Loan	1, 10, 12, 13, 15, 21, 30	1	Heritage Plaza	7.61341%	NAP	128,932.87	NAP	1,547,194.44	Interest Only	No	Actual/360	60	57	60	57	0	0	4/13/2023	3
16	Loan	2, 6, 10, 16, 19, 29	2	Cosmos Portfolio	7.99541%	NAP	122,864.58	NAP	1,474,374.96	Interest Only	No	Actual/360	60	57	60	57	0	0	5/1/2023	3
16.01	Property		1	121 Morgan Lakes Industrial Blvd
16.02	Property		1	6582 Peachtree Industrial Blvd
17	Loan	4, 5, 12	1	Riverview Tower	7.98331%	129,141.34	NAP	1,549,696.08	NAP	Amortizing Balloon	No	Actual/360	0	0	60	59	360	359	6/28/2023	1
18	Loan	4, 19, 22	1	Museum Tower	6.52816%	NAP	94,022.99	NAP	1,128,275.83	Interest Only	No	Actual/360	60	57	60	57	0	0	4/17/2023	3
19	Loan	6, 12, 16, 22	3	Grogan Portfolio	7.27466%	NAP	101,769.10	NAP	1,221,229.20	Interest Only	No	Actual/360	60	60	60	60	0	0	7/10/2023	0
19.01	Property		1	Sweet Sam's Factory
19.02	Property		1	15 East 76th Street
19.03	Property		1	523B East 85th Street
20	Loan	3, 5, 12, 16, 17, 19, 22	1	RH HQ	5.36341%	NAP	63,638.43	NAP	763,661.16	Interest Only	No	Actual/360	84	70	84	70	0	0	5/19/2022	14
21	Loan	4, 6, 12, 16, 19, 24	2	Select Parking NYC Portfolio	7.89341%	NAP	66,832.18	NAP	801,986.16	Interest Only	No	Actual/360	60	58	60	58	0	0	5/25/2023	2
21.01	Property		1	30, 40 and 60 East 9th Street
21.02	Property		1	260 West 87th Street
22	Loan	5, 6, 12, 13, 29	45	Prime Storage Portfolio #3	6.35866%	NAP	53,989.58	NAP	647,874.96	Interest Only	No	Actual/360	60	59	60	59	0	0	6/28/2023	1
22.01	Property		1	Prime Storage Bridgehampton
22.02	Property		1	Prime Storage Bohemia
22.03	Property		1	Prime Storage Westhampton Beach
22.04	Property		1	Prime Storage Queens Jamaica
22.05	Property		1	Prime Storage West Palm Beach
22.06	Property		1	Prime Storage Snellville
22.07	Property		1	Prime Storage Shallotte
22.08	Property		1	Prime Storage Danbury East
22.09	Property		1	Prime Storage Dallas
22.10	Property		1	Prime Storage Bay Shore Pine Aire Dr.
22.11	Property		1	Prime Storage Mesa
22.12	Property		1	Prime Storage Warren
22.13	Property		1	Prime Storage Portsmouth
22.14	Property		1	Prime Storage Bolivia
22.15	Property		1	Prime Storage Charlottesville
22.16	Property		1	Prime Storage Clifton
22.17	Property		1	Prime Storage Centereach
22.18	Property		1	Prime Storage Marietta North
22.19	Property		1	Prime Storage Hardeeville
22.20	Property		1	Prime Storage Summerville
22.21	Property		1	Prime Storage Virginia Beach Lynnhaven Pkwy.
22.22	Property		1	Prime Storage Marietta South
22.23	Property		1	Prime Storage Cartersville
22.24	Property		1	Prime Storage Danbury West
22.25	Property		1	Prime Storage Scarborough
22.26	Property		1	Prime Storage Baltimore
22.27	Property		1	Prime Storage Farmingdale
22.28	Property		1	Prime Storage Baltimore - 3500 Wilkens Ave.
22.29	Property		1	Prime Storage Glenville
22.30	Property		1	Prime Storage Fishers Ford Dr.
22.31	Property		1	Prime Storage Acworth North
22.32	Property		1	Prime Storage Rock Hill
22.33	Property		1	Prime Storage Simpsonville
22.34	Property		1	Prime Storage Acworth East
22.35	Property		1	Prime Storage Saco
22.36	Property		1	Prime Storage Baltimore North Point Blvd.
22.37	Property		1	Prime Storage Green Island
22.38	Property		1	Prime Storage North Fort Myers
22.39	Property		1	Prime Storage Marietta
22.40	Property		1	Prime Storage Midland
22.41	Property		1	Prime Storage Lansing
22.42	Property		1	Prime Storage Acworth West
22.43	Property		1	Prime Storage Boardman
22.44	Property		1	Prime Storage North Miami
22.45	Property		1	Prime Storage Greenville Butler Rd.
23	Loan		1	Eden Apartments	6.60841%	NAP	42,541.09	NAP	510,493.08	Interest Only	No	Actual/360	60	59	60	59	0	0	6/28/2023	1
24	Loan	1, 5, 10, 12, 13, 17, 19, 20, 21, 26, 27, 30	1	Green Acres	5.88241%	NAP	27,412.60	NAP	328,951.20	Interest Only	No	Actual/360	60	53	60	53	0	0	1/3/2023	7
25	Loan	6, 20	2	Little Rock Self Storage Portfolio	6.81341%	NAP	27,814.86	NAP	333,778.32	Interest Only	No	Actual/360	60	60	60	60	0	0	7/13/2023	0
25.01	Property		1	8015 Geyer Springs Road
25.02	Property		1	6100 Leon Circle
26	Loan		1	Mini U Storage - Tomball	7.25466%	NAP	24,911.25	NAP	298,935.00	Interest Only	No	Actual/360	60	58	60	58	0	0	5/26/2023	2
27	Loan		1	Marco MHC	7.89341%	15,859.51	NAP	190,314.12	NAP	Amortizing Balloon	No	Actual/360	0	0	60	59	360	359	6/8/2023	1

A-3

BMO 2023 5C1

Annex A-1

Loan ID Number	Loan / Property Flag	Footnotes (for Loan and Property Information)	# of Properties	Property Name	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 ($)	Second Most Recent NOI ($)
										10		12			31	16
1	Loan	1, 10, 12, 27	1	Gateway Center South	5	7/5/2023	NAP	6/5/2028	6/5/2028	5	0	L(23),YM1(3),DorYM1(27),O(7)	24,529,721	9,334,536	15,195,185	3/31/2023	T-12	24,342,817	9,173,990	15,168,827
2	Loan	1, 12, 13, 21, 23, 24	1	11 West 42nd Street	6	8/6/2023	NAP	7/6/2028	7/6/2028	0	0	L(23),YM1(2),DorYM1(28),O(7)	62,683,274	35,986,252	26,697,022	3/31/2023	T-12	61,168,739	34,495,528	26,673,211
3	Loan	1, 5, 12, 18, 19, 20, 24	1	Short Pump Town Center	1	9/1/2023	NAP	8/1/2028	8/1/2028	0	0	L(24),D(29),O(7)	36,340,397	8,399,562	27,940,835	5/31/2023	T-12	33,508,680	7,507,842	26,000,838
4	Loan	7, 16, 26, 29	1	Brookview Commons	5	7/5/2023	NAP	6/5/2028	6/5/2028	0	0	L(26),D(30),O(4)	5,307,157	1,002,106	4,305,051	3/31/2023	T-3 Ann	NAV	NAV	NAV
5	Loan	1, 2, 6, 12, 16, 19, 20, 22, 33	7	ICP/IRG Holdings Portfolio	1	6/1/2023	NAP	5/1/2028	5/1/2028	0	0	L(24),YM1(3),DorYM1(27),O(6)	25,667,400	9,768,107	15,899,293	1/31/2023	T-12	25,431,479	9,747,541	15,683,939
5.01	Property		1	Romulus - Huron									6,044,161	1,910,668	4,133,493	1/31/2023	T-12	5,982,826	1,888,220	4,094,606
5.02	Property		1	Warren Perkins Jones									5,542,599	1,663,702	3,878,897	1/31/2023	T-12	5,423,911	1,658,112	3,765,799
5.03	Property		1	Cleveland American Industrial									6,005,883	3,007,758	2,998,125	1/31/2023	T-12	5,889,950	2,982,766	2,907,184
5.04	Property		1	Cleveland American Office									4,736,522	1,681,765	3,054,757	1/31/2023	T-12	4,731,453	1,655,425	3,076,028
5.05	Property		1	Miles North Randall									1,449,373	1,074,383	374,990	1/31/2023	T-12	1,509,218	1,137,995	371,224
5.06	Property		1	Invacare									1,470,641	12,136	1,458,505	1/31/2023	T-12	1,460,849	18,048	1,442,801
5.07	Property		1	Stop Eight Vandalia									418,221	417,695	526	1/31/2023	T-12	433,272	406,975	26,297
6	Loan	2, 12, 13, 16, 19	1	California High Tech Logistics	1	5/1/2023	NAP	4/1/2028	4/1/2028	0	0	L(12),YM1(41),O(7)	NAV	NAV	NAV	NAV	NAV	NAV	NAV	NAV
7	Loan	1, 12, 23, 30	1	Cumberland Mall	1	6/1/2023	NAP	5/1/2028	5/1/2028	0	0	L(27),D(29),O(4)	32,341,156	8,275,516	24,065,640	1/31/2023	T-12	32,192,386	7,869,157	24,323,229
8	Loan	2, 6, 12, 13	5	Gilardian NYC Portfolio II	6	7/6/2023	NAP	6/6/2028	6/6/2028	0	0	L(26),D(28),O(6)	9,136,948	3,632,923	5,504,026	Various	T-12	8,765,177	3,653,111	5,112,066
8.01	Property		1	2410-2418 Broadway									3,098,256	1,033,001	2,065,255	3/31/2023	T-12	3,065,169	1,036,944	2,028,224
8.02	Property		1	245 West 51st Street									2,818,647	1,277,524	1,541,123	4/30/2023	T-12	2,657,546	1,285,629	1,371,917
8.03	Property		1	324-326 West 84th Street									1,585,358	590,554	994,803	4/30/2023	T-12	1,507,631	594,408	913,223
8.04	Property		1	107 West 68th Street									992,913	418,655	574,257	4/30/2023	T-12	939,950	427,240	512,709
8.05	Property		1	1443-1447 York Avenue									641,776	313,188	328,587	4/30/2023	T-12	594,882	308,890	285,992
9	Loan	2, 17, 19, 21, 27, 29	1	Four Points Flushing	6	9/6/2023	NAP	8/6/2028	8/6/2028	0	0	L(24),YM1(29),O(7)	14,654,097	7,838,225	6,815,871	6/30/2023	T-12	12,818,111	7,955,651	4,862,461
10	Loan	1, 5, 10, 12, 13, 19, 23, 30, 31	1	Back Bay Office	6	8/6/2023	NAP	7/6/2028	7/6/2028	10	0	L(25),DorYM1(28),O(7)	99,991,917	36,977,577	63,014,340	3/31/2023	T-12	98,973,331	36,251,075	62,722,256
11	Loan	1, 4, 12, 13, 20, 33	1	Harborside 2-3	6	5/6/2023	NAP	4/6/2028	4/6/2028	0	0	L(28),D(25),O(7)	49,314,096	17,827,217	31,486,880	12/31/2022	T-12	47,450,874	18,047,218	29,403,655
12	Loan	1, 4, 12, 19, 28, 33	1	The Widener Building	6	8/6/2023	NAP	7/6/2028	7/6/2028	0	0	L(25),D(30),O(5)	12,113,734	4,892,916	7,220,818	2/28/2023	T-12	11,229,984	4,793,343	6,436,640
13	Loan	20	1	107 Tom Starling Road	6	8/6/2023	NAP	7/6/2028	7/6/2028	0	0	L(25),D(28),O(7)	3,648,943	1,023,363	2,625,580	4/30/2023	T-12	3,583,150	954,546	2,628,605
14	Loan	1, 12, 17, 19, 21	1	Oxmoor Center	1	7/1/2023	NAP	6/1/2028	6/1/2028	0	0	L(26),D(30),O(4)	13,764,780	5,399,993	8,364,787	3/31/2023	T-12	13,543,639	5,170,292	8,373,346
15	Loan	1, 10, 12, 13, 15, 21, 30	1	Heritage Plaza	6	6/6/2023	NAP	5/6/2028	5/6/2028	5	0	YM1(27),DorYM1(26),O(7)	47,511,670	19,723,321	27,788,349	12/31/2022	T-12	41,405,549	22,550,623	18,854,926
16	Loan	2, 6, 10, 16, 19, 29	2	Cosmos Portfolio	1	6/1/2023	NAP	5/1/2028	5/1/2028	0	5	L(27),D(26),O(7)	NAV	NAV	NAV	NAV	NAV	NAV	NAV	NAV
16.01	Property		1	121 Morgan Lakes Industrial Blvd									NAV	NAV	NAV	NAV	NAV	NAV	NAV	NAV
16.02	Property		1	6582 Peachtree Industrial Blvd									NAV	NAV	NAV	NAV	NAV	NAV	NAV	NAV
17	Loan	4, 5, 12	1	Riverview Tower	6	8/6/2023	8/6/2023	7/6/2028	7/6/2028	0	0	L(25),D(32),O(3)	5,353,686	2,739,939	2,613,747	4/30/2023	T-12	5,122,981	2,689,879	2,433,102
18	Loan	4, 19, 22	1	Museum Tower	6	6/6/2023	NAP	5/6/2028	5/6/2028	0	0	L(27),D(27),O(6)	7,418,134	3,972,846	3,445,288	1/31/2023	T-12	7,301,048	3,975,548	3,325,500
19	Loan	6, 12, 16, 22	3	Grogan Portfolio	1	9/1/2023	NAP	8/1/2028	8/1/2028	0	0	L(24),D(30),O(6)	NAV	NAV	NAV	NAV	NAV	NAV	NAV	NAV
19.01	Property		1	Sweet Sam's Factory									NAV	NAV	NAV	NAV	NAV	NAV	NAV	NAV
19.02	Property		1	15 East 76th Street									NAV	NAV	NAV	NAV	NAV	NAV	NAV	NAV
19.03	Property		1	523B East 85th Street									NAV	NAV	NAV	NAV	NAV	NAV	NAV	NAV
20	Loan	3, 5, 12, 16, 17, 19, 22	1	RH HQ	5	7/5/2022	NAP	6/5/2029	6/5/2029	0	0	L(35),D(44),O(5)	NAV	NAV	NAV	NAV	NAV	NAV	NAV	NAV
21	Loan	4, 6, 12, 16, 19, 24	2	Select Parking NYC Portfolio	6	7/6/2023	NAP	6/6/2028	6/6/2028	0	0	L(26),D(29),O(5)	5,701,673	1,902,645	3,799,028	5/31/2023	T-12	5,348,794	1,880,706	3,468,088
21.01	Property		1	30, 40 and 60 East 9th Street									NAV	NAV	NAV	NAV	NAV	NAV	NAV	NAV
21.02	Property		1	260 West 87th Street									NAV	NAV	NAV	NAV	NAV	NAV	NAV	NAV
22	Loan	5, 6, 12, 13, 29	45	Prime Storage Portfolio #3	6	8/6/2023	NAP	7/6/2028	7/6/2028	0	0	L(25),D(28),O(7)	60,511,925	15,915,544	44,596,382	4/30/2023	T-12	59,091,500	15,797,611	43,293,889
22.01	Property		1	Prime Storage Bridgehampton									3,293,363	389,086	2,904,277	4/30/2023	T-12	3,230,617	374,729	2,855,888
22.02	Property		1	Prime Storage Bohemia									3,031,453	589,835	2,441,618	4/30/2023	T-12	3,014,782	590,955	2,423,827
22.03	Property		1	Prime Storage Westhampton Beach									2,008,231	390,979	1,617,252	4/30/2023	T-12	1,981,832	398,680	1,583,152
22.04	Property		1	Prime Storage Queens Jamaica									2,612,099	1,632,504	979,596	4/30/2023	T-12	2,501,877	1,639,166	862,711
22.05	Property		1	Prime Storage West Palm Beach									2,382,849	581,836	1,801,013	4/30/2023	T-12	2,260,368	551,246	1,709,122
22.06	Property		1	Prime Storage Snellville									2,052,414	447,989	1,604,425	4/30/2023	T-12	1,999,895	445,816	1,554,079
22.07	Property		1	Prime Storage Shallotte									1,798,392	360,400	1,437,992	4/30/2023	T-12	1,793,293	360,312	1,432,981
22.08	Property		1	Prime Storage Danbury East									1,775,300	409,248	1,366,052	4/30/2023	T-12	1,718,324	412,740	1,305,584
22.09	Property		1	Prime Storage Dallas									1,623,050	293,876	1,329,175	4/30/2023	T-12	1,588,301	291,424	1,296,877
22.10	Property		1	Prime Storage Bay Shore Pine Aire Dr.									1,729,251	483,303	1,245,948	4/30/2023	T-12	1,669,082	469,469	1,199,613
22.11	Property		1	Prime Storage Mesa									1,508,918	341,202	1,167,716	4/30/2023	T-12	1,456,107	343,203	1,112,904
22.12	Property		1	Prime Storage Warren									1,502,420	306,647	1,195,773	4/30/2023	T-12	1,444,537	302,824	1,141,713
22.13	Property		1	Prime Storage Portsmouth									1,289,666	259,656	1,030,009	4/30/2023	T-12	1,287,358	256,630	1,030,728
22.14	Property		1	Prime Storage Bolivia									1,329,375	258,836	1,070,540	4/30/2023	T-12	1,306,967	254,558	1,052,409
22.15	Property		1	Prime Storage Charlottesville									1,618,359	401,638	1,216,721	4/30/2023	T-12	1,637,350	405,712	1,231,638
22.16	Property		1	Prime Storage Clifton									1,305,675	362,872	942,803	4/30/2023	T-12	1,284,546	353,006	931,540
22.17	Property		1	Prime Storage Centereach									1,467,143	507,669	959,474	4/30/2023	T-12	1,459,663	519,086	940,577
22.18	Property		1	Prime Storage Marietta North									1,286,491	257,645	1,028,846	4/30/2023	T-12	1,253,010	256,034	996,976
22.19	Property		1	Prime Storage Hardeeville									1,506,927	337,843	1,169,084	4/30/2023	T-12	1,457,789	331,044	1,126,745
22.20	Property		1	Prime Storage Summerville									1,309,737	412,259	897,477	4/30/2023	T-12	1,264,309	407,586	856,723
22.21	Property		1	Prime Storage Virginia Beach Lynnhaven Pkwy.									1,158,381	320,610	837,771	4/30/2023	T-12	1,100,120	312,098	788,022
22.22	Property		1	Prime Storage Marietta South									1,324,033	314,968	1,009,065	4/30/2023	T-12	1,281,734	296,501	985,233
22.23	Property		1	Prime Storage Cartersville									1,190,687	295,210	895,477	4/30/2023	T-12	1,160,276	283,060	877,216
22.24	Property		1	Prime Storage Danbury West									1,170,248	336,607	833,641	4/30/2023	T-12	1,154,035	332,068	821,967
22.25	Property		1	Prime Storage Scarborough									972,781	204,689	768,092	4/30/2023	T-12	969,943	210,404	759,539
22.26	Property		1	Prime Storage Baltimore									1,209,993	353,073	856,920	4/30/2023	T-12	1,166,890	356,584	810,306
22.27	Property		1	Prime Storage Farmingdale									1,088,536	374,814	713,721	4/30/2023	T-12	1,082,885	370,844	712,041
22.28	Property		1	Prime Storage Baltimore - 3500 Wilkens Ave.									1,009,276	296,673	712,603	4/30/2023	T-12	994,735	296,070	698,665
22.29	Property		1	Prime Storage Glenville									1,167,260	334,793	832,467	4/30/2023	T-12	1,159,981	339,985	819,996
22.30	Property		1	Prime Storage Fishers Ford Dr.									878,390	243,939	634,451	4/30/2023	T-12	852,355	245,083	607,272
22.31	Property		1	Prime Storage Acworth North									950,998	229,601	721,398	4/30/2023	T-12	951,579	221,529	730,050
22.32	Property		1	Prime Storage Rock Hill									1,094,422	336,974	757,449	4/30/2023	T-12	1,042,410	331,133	711,277
22.33	Property		1	Prime Storage Simpsonville									1,016,674	303,578	713,096	4/30/2023	T-12	976,412	313,652	662,760
22.34	Property		1	Prime Storage Acworth East									950,386	229,153	721,233	4/30/2023	T-12	939,384	231,559	707,825
22.35	Property		1	Prime Storage Saco									872,980	207,692	665,287	4/30/2023	T-12	820,491	210,900	609,591
22.36	Property		1	Prime Storage Baltimore North Point Blvd.									927,863	246,844	681,019	4/30/2023	T-12	897,103	244,621	652,482
22.37	Property		1	Prime Storage Green Island									851,550	244,154	607,396	4/30/2023	T-12	833,745	243,134	590,611
22.38	Property		1	Prime Storage North Fort Myers									863,768	253,314	610,454	4/30/2023	T-12	796,885	253,755	543,130
22.39	Property		1	Prime Storage Marietta									838,352	235,037	603,315	4/30/2023	T-12	815,959	227,879	588,080
22.40	Property		1	Prime Storage Midland									894,127	261,396	632,731	4/30/2023	T-12	886,736	261,019	625,717
22.41	Property		1	Prime Storage Lansing									779,440	258,337	521,103	4/30/2023	T-12	773,954	267,346	506,608
22.42	Property		1	Prime Storage Acworth West									839,327	212,494	626,833	4/30/2023	T-12	816,871	206,224	610,647
22.43	Property		1	Prime Storage Boardman									909,331	341,240	568,091	4/30/2023	T-12	940,214	337,075	603,139
22.44	Property		1	Prime Storage North Miami									695,751	286,366	409,385	4/30/2023	T-12	659,411	267,221	392,190
22.45	Property		1	Prime Storage Greenville Butler Rd.									426,260	168,666	257,594	4/30/2023	T-12	407,385	173,643	233,742
23	Loan		1	Eden Apartments	1	8/1/2023	NAP	7/1/2028	7/1/2028	0	0	L(25),D(28),O(7)	1,013,754	335,698	678,056	5/31/2023	T-12	768,811	326,620	442,191
24	Loan	1, 5, 10, 12, 13, 17, 19, 20, 21, 26, 27, 30	1	Green Acres	6	2/6/2023	NAP	1/6/2028	1/6/2028	5	0	L(31),YM1(24),O(5)	76,986,549	31,812,161	45,174,388	9/30/2022	T-12	76,903,875	30,285,085	46,618,790
25	Loan	6, 20	2	Little Rock Self Storage Portfolio	6	9/6/2023	NAP	8/6/2028	8/6/2028	0	0	L(24),D(31),O(5)	1,058,355	461,809	596,547	5/31/2023	T-12	974,125	450,360	523,765
25.01	Property		1	8015 Geyer Springs Road									582,718	253,363	329,355	5/31/2023	T-12	544,898	248,375	296,523
25.02	Property		1	6100 Leon Circle									475,637	208,446	267,192	5/31/2023	T-12	429,227	201,985	227,242
26	Loan		1	Mini U Storage - Tomball	1	7/1/2023	NAP	6/1/2028	6/1/2028	0	0	L(25),YM1(32),O(3)	1,120,600	585,866	534,734	3/31/2023	T-12	1,113,410	588,938	524,472
27	Loan		1	Marco MHC	6	8/6/2023	8/6/2023	7/6/2028	7/6/2028	0	0	L(25),YM1(31),O(4)	344,473	137,983	206,490	4/30/2023	T-12	340,910	125,836	215,074

A-4

BMO 2023 5C1

Annex A-1

Loan ID Number	Loan / Property Flag	Footnotes (for Loan and Property Information)	# of Properties	Property Name	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)
					16					16					31		15		7, 14
1	Loan	1, 10, 12, 27	1	Gateway Center South	12/31/2022	T-12	24,019,377	8,748,681	15,270,696	12/31/2021	T-12	93.5%	24,271,069	10,532,015	13,739,054	35,503	0	13,703,551	1.21
2	Loan	1, 12, 13, 21, 23, 24	1	11 West 42nd Street	12/31/2022	T-12	60,959,925	34,523,645	26,436,280	12/31/2021	T-12	95.0%	70,904,067	39,203,449	31,700,618	192,114	2,881,704	28,626,800	1.53
3	Loan	1, 5, 12, 18, 19, 20, 24	1	Short Pump Town Center	12/31/2022	T-12	29,668,166	7,798,544	21,869,622	12/31/2021	T-12	94.2%	34,231,796	8,446,932	25,784,865	127,099	1,270,988	24,386,778	1.70
4	Loan	7, 16, 26, 29	1	Brookview Commons	NAV	NAV	NAV	NAV	NAV	NAV	NAV	95.0%	5,995,537	1,535,869	4,459,668	39,600	0	4,420,068	1.47
5	Loan	1, 2, 6, 12, 16, 19, 20, 22, 33	7	ICP/IRG Holdings Portfolio	12/31/2022	T-12	NAV	NAV	NAV	NAV	NAV	92.9%	28,073,041	8,814,659	19,258,383	509,872	107,889	18,640,621	1.44
5.01	Property		1	Romulus - Huron	12/31/2022	T-12	NAV	NAV	NAV	NAV	NAV	100.0%	5,669,097	1,288,804	4,380,293	111,200	7,542	4,261,550
5.02	Property		1	Warren Perkins Jones	12/31/2022	T-12	NAV	NAV	NAV	NAV	NAV	99.2%	5,932,793	1,612,491	4,320,302	136,554	-26,713	4,210,462
5.03	Property		1	Cleveland American Industrial	12/31/2022	T-12	NAV	NAV	NAV	NAV	NAV	85.3%	6,633,718	2,048,816	4,584,903	123,365	30,380	4,431,158
5.04	Property		1	Cleveland American Office	12/31/2022	T-12	NAV	NAV	NAV	NAV	NAV	100.0%	5,124,002	2,042,870	3,081,132	68,871	56,484	2,955,777
5.05	Property		1	Miles North Randall	12/31/2022	T-12	NAV	NAV	NAV	NAV	NAV	68.3%	2,056,816	1,067,776	989,040	30,240	21,783	937,017
5.06	Property		1	Invacare	12/31/2022	T-12	NAV	NAV	NAV	NAV	NAV	100.0%	2,043,114	474,043	1,569,071	30,100	4,605	1,534,365
5.07	Property		1	Stop Eight Vandalia	12/31/2022	T-12	NAV	NAV	NAV	NAV	NAV	100.0%	613,502	279,859	333,643	9,542	13,808	310,292
6	Loan	2, 12, 13, 16, 19	1	California High Tech Logistics	NAV	NAV	NAV	NAV	NAV	NAV	NAV	95.0%	9,291,231	1,434,983	7,856,248	59,609	119,218	7,677,421	1.36
7	Loan	1, 12, 23, 30	1	Cumberland Mall	12/31/2022	T-12	30,319,446	7,094,622	23,224,824	12/31/2021	T-12	96.5%	32,871,677	8,090,891	24,780,787	177,330	739,588	23,863,869	1.73
8	Loan	2, 6, 12, 13	5	Gilardian NYC Portfolio II	12/31/2022	T-12	7,026,801	3,434,840	3,591,961	12/31/2021	T-12	97.0%	10,258,769	3,597,703	6,661,066	42,061	12,405	6,606,600	2.91
8.01	Property		1	2410-2418 Broadway	12/31/2022	T-12	2,607,604	956,923	1,650,681	12/31/2021	T-12	96.3%	3,318,231	992,932	2,325,298	9,981	5,205	2,310,113
8.02	Property		1	245 West 51st Street	12/31/2022	T-12	1,852,380	1,203,100	649,280	12/31/2021	T-12	97.0%	3,262,292	1,279,770	1,982,521	13,000	5,750	1,963,771
8.03	Property		1	324-326 West 84th Street	12/31/2022	T-12	1,249,562	560,294	689,268	12/31/2021	T-12	97.0%	1,744,803	589,291	1,155,512	9,600	0	1,145,912
8.04	Property		1	107 West 68th Street	12/31/2022	T-12	815,479	401,133	414,345	12/31/2021	T-12	100.0%	1,137,476	426,486	710,989	6,000	0	704,989
8.05	Property		1	1443-1447 York Avenue	12/31/2022	T-12	501,777	313,389	188,387	12/31/2021	T-12	96.0%	795,968	309,224	486,745	2,730	2,200	481,815
9	Loan	2, 17, 19, 21, 27, 29	1	Four Points Flushing	12/31/2022	T-12	NAV	NAV	NAV	NAV	NAV	80.5%	14,283,269	7,613,714	6,669,555	492,150	71,561	6,105,844	2.14
10	Loan	1, 5, 10, 12, 13, 19, 23, 30, 31	1	Back Bay Office	12/31/2022	T-12	94,773,768	33,234,468	61,539,300	12/31/2021	T-12	93.6%	115,015,445	37,554,805	77,460,640	256,734	0	77,203,906	2.55
11	Loan	1, 4, 12, 13, 20, 33	1	Harborside 2-3	12/31/2021	T-12	44,617,062	18,489,525	26,127,537	12/31/2020	T-12	74.5%	51,753,039	18,582,167	33,170,872	319,806	1,387,420	31,463,647	2.49
12	Loan	1, 4, 12, 19, 28, 33	1	The Widener Building	12/31/2022	T-12	11,160,618	4,901,040	6,259,578	12/31/2021	T-12	90.0%	11,709,220	4,962,168	6,747,051	88,339	220,848	6,437,864	1.73
13	Loan	20	1	107 Tom Starling Road	12/31/2022	T-12	3,508,598	801,658	2,706,939	12/31/2021	T-12	95.0%	3,574,515	942,195	2,632,321	101,060	100,008	2,431,253	1.29
14	Loan	1, 12, 17, 19, 21	1	Oxmoor Center	12/31/2022	T-12	12,335,513	5,120,779	7,214,734	12/31/2021	T-12	91.5%	17,679,768	5,692,700	11,987,068	99,696	747,722	11,139,650	1.62
15	Loan	1, 10, 12, 13, 15, 21, 30	1	Heritage Plaza	12/31/2021	T-12	46,993,596	19,123,848	27,869,748	12/31/2020	T-12	69.1%	43,938,879	22,147,467	21,791,413	364,421	871,468	20,555,523	1.64
16	Loan	2, 6, 10, 16, 19, 29	2	Cosmos Portfolio	NAV	NAV	NAV	NAV	NAV	NAV	NAV	95.0%	2,059,143	41,183	2,017,960	23,670	0	1,994,290	1.37
16.01	Property		1	121 Morgan Lakes Industrial Blvd	NAV	NAV	NAV	NAV	NAV	NAV	NAV	95.0%	1,186,034	23,721	1,162,313	3,062	0	1,159,251
16.02	Property		1	6582 Peachtree Industrial Blvd	NAV	NAV	NAV	NAV	NAV	NAV	NAV	95.0%	873,109	17,462	855,647	20,608	0	835,039
17	Loan	4, 5, 12	1	Riverview Tower	12/31/2022	T-12	4,742,263	2,474,785	2,267,479	12/31/2021	T-12	94.0%	6,292,560	2,825,578	3,466,981	56,814	0	3,410,168	1.43
18	Loan	4, 19, 22	1	Museum Tower	12/31/2022	T-12	6,863,161	3,647,228	3,215,933	12/31/2021	T-12	92.1%	10,154,929	4,566,846	5,588,082	36,723	243,825	5,307,534	1.79
19	Loan	6, 12, 16, 22	3	Grogan Portfolio	NAV	NAV	NAV	NAV	NAV	NAV	NAV	91.1%	3,374,228	966,083	2,408,145	23,689	82,254	2,302,202	1.97
19.01	Property		1	Sweet Sam's Factory	NAV	NAV	NAV	NAV	NAV	NAV	NAV	92.5%	2,125,046	548,450	1,576,596	18,221	82,254	1,476,121
19.02	Property		1	15 East 76th Street	NAV	NAV	NAV	NAV	NAV	NAV	NAV	95.0%	827,355	265,557	561,798	2,388	0	559,410
19.03	Property		1	523B East 85th Street	NAV	NAV	NAV	NAV	NAV	NAV	NAV	85.8%	421,827	152,076	269,751	3,080	0	266,671
20	Loan	3, 5, 12, 16, 17, 19, 22	1	RH HQ	NAV	NAV	NAV	NAV	NAV	NAV	NAV	95.0%	5,996,278	2,655,703	3,340,574	19,590	87,341	3,233,643	2.11
21	Loan	4, 6, 12, 16, 19, 24	2	Select Parking NYC Portfolio	12/31/2022	T-12	4,608,662	1,816,111	2,792,551	12/31/2021	T-12	95.0%	5,877,780	1,075,886	4,801,893	27,500	0	4,774,393	1.36
21.01	Property		1	30, 40 and 60 East 9th Street	NAV	NAV	NAV	NAV	NAV	NAV	NAV	NAV	NAV	NAV	NAV	NAV	NAV	NAV
21.02	Property		1	260 West 87th Street	NAV	NAV	NAV	NAV	NAV	NAV	NAV	NAV	NAV	NAV	NAV	NAV	NAV	NAV
22	Loan	5, 6, 12, 13, 29	45	Prime Storage Portfolio #3	12/31/2022	T-12	51,068,424	15,714,888	35,353,536	12/31/2021	T-12	84.6%	60,943,890	16,459,571	44,484,319	583,006	0	43,901,313	1.69
22.01	Property		1	Prime Storage Bridgehampton	12/31/2022	T-12	2,863,849	372,920	2,490,929	12/31/2021	T-12	85.3%	3,353,231	400,335	2,952,896	14,269	0	2,938,627
22.02	Property		1	Prime Storage Bohemia	12/31/2022	T-12	2,779,357	593,715	2,185,642	12/31/2021	T-12	82.0%	3,044,429	598,123	2,446,306	14,111	0	2,432,195
22.03	Property		1	Prime Storage Westhampton Beach	12/31/2022	T-12	1,769,447	407,493	1,361,954	12/31/2021	T-12	86.5%	2,012,766	403,479	1,609,287	29,183	0	1,580,104
22.04	Property		1	Prime Storage Queens Jamaica	12/31/2022	T-12	2,273,396	1,250,983	1,022,413	12/31/2021	T-12	86.4%	2,720,484	1,653,998	1,066,485	30,617	0	1,035,868
22.05	Property		1	Prime Storage West Palm Beach	12/31/2022	T-12	1,927,691	565,232	1,362,459	12/31/2021	T-12	95.7%	2,526,988	638,249	1,888,740	38,851	0	1,849,888
22.06	Property		1	Prime Storage Snellville	12/31/2022	T-12	1,761,451	459,504	1,301,947	12/31/2021	T-12	89.7%	2,085,064	457,327	1,627,737	11,994	0	1,615,742
22.07	Property		1	Prime Storage Shallotte	12/31/2022	T-12	1,574,826	328,055	1,246,771	12/31/2021	T-12	82.8%	1,760,390	374,594	1,385,796	18,433	0	1,367,363
22.08	Property		1	Prime Storage Danbury East	12/31/2022	T-12	1,467,883	400,599	1,067,284	12/31/2021	T-12	87.3%	1,761,327	483,263	1,278,064	14,969	0	1,263,096
22.09	Property		1	Prime Storage Dallas	12/31/2022	T-12	1,394,540	289,036	1,105,504	12/31/2021	T-12	87.2%	1,668,284	302,780	1,365,505	9,430	0	1,356,075
22.10	Property		1	Prime Storage Bay Shore Pine Aire Dr.	12/31/2022	T-12	1,542,257	480,638	1,061,619	12/31/2021	T-12	88.9%	1,818,099	479,055	1,339,044	10,069	0	1,328,976
22.11	Property		1	Prime Storage Mesa	12/31/2022	T-12	1,176,783	353,973	822,810	12/31/2021	T-12	89.1%	1,520,869	349,774	1,171,095	15,141	0	1,155,954
22.12	Property		1	Prime Storage Warren	12/31/2022	T-12	1,306,104	319,339	986,765	12/31/2021	T-12	93.5%	1,560,227	313,895	1,246,332	15,943	0	1,230,390
22.13	Property		1	Prime Storage Portsmouth	12/31/2022	T-12	1,078,274	233,902	844,372	12/31/2021	T-12	81.0%	1,273,941	291,345	982,596	9,600	0	972,996
22.14	Property		1	Prime Storage Bolivia	12/31/2022	T-12	1,082,216	245,005	837,211	12/31/2021	T-12	77.0%	1,259,320	270,160	989,161	8,349	0	980,812
22.15	Property		1	Prime Storage Charlottesville	12/31/2022	T-12	1,462,843	395,954	1,066,889	12/31/2021	T-12	71.5%	1,457,962	434,945	1,023,017	22,894	0	1,000,123
22.16	Property		1	Prime Storage Clifton	12/31/2022	T-12	1,158,165	425,205	732,960	12/31/2021	T-12	84.8%	1,294,899	368,054	926,845	13,483	0	913,362
22.17	Property		1	Prime Storage Centereach	12/31/2022	T-12	1,245,039	579,756	665,283	12/31/2021	T-12	83.5%	1,517,715	520,866	996,849	10,257	0	986,592
22.18	Property		1	Prime Storage Marietta North	12/31/2022	T-12	1,078,419	287,615	790,804	12/31/2021	T-12	85.0%	1,247,694	261,747	985,947	9,035	0	976,912
22.19	Property		1	Prime Storage Hardeeville	12/31/2022	T-12	1,082,350	330,959	751,391	12/31/2021	T-12	86.8%	1,489,541	347,534	1,142,007	4,386	0	1,137,622
22.20	Property		1	Prime Storage Summerville	12/31/2022	T-12	965,576	419,258	546,318	12/31/2021	T-12	89.1%	1,376,991	426,433	950,558	10,000	0	940,558
22.21	Property		1	Prime Storage Virginia Beach Lynnhaven Pkwy.	12/31/2022	T-12	933,917	295,332	638,585	12/31/2021	T-12	91.5%	1,194,725	343,240	851,485	6,617	0	844,868
22.22	Property		1	Prime Storage Marietta South	12/31/2022	T-12	1,074,104	305,206	768,898	12/31/2021	T-12	88.8%	1,319,193	315,567	1,003,626	17,058	0	986,568
22.23	Property		1	Prime Storage Cartersville	12/31/2022	T-12	900,371	301,088	599,283	12/31/2021	T-12	85.3%	1,186,529	298,068	888,461	15,229	0	873,232
22.24	Property		1	Prime Storage Danbury West	12/31/2022	T-12	1,005,918	301,837	704,081	12/31/2021	T-12	81.8%	1,141,311	424,003	717,309	6,660	0	710,649
22.25	Property		1	Prime Storage Scarborough	12/31/2022	T-12	851,254	215,197	636,057	12/31/2021	T-12	82.6%	949,712	206,285	743,427	15,057	0	728,370
22.26	Property		1	Prime Storage Baltimore	12/31/2022	T-12	988,629	406,621	582,008	12/31/2021	T-12	83.9%	1,214,835	356,696	858,140	25,278	0	832,861
22.27	Property		1	Prime Storage Farmingdale	12/31/2022	T-12	1,004,505	398,426	606,079	12/31/2021	T-12	82.5%	1,102,566	381,238	721,329	11,771	0	709,557
22.28	Property		1	Prime Storage Baltimore - 3500 Wilkens Ave.	12/31/2022	T-12	844,603	307,442	537,161	12/31/2021	T-12	79.0%	1,054,046	298,291	755,754	11,793	0	743,961
22.29	Property		1	Prime Storage Glenville	12/31/2022	T-12	1,053,018	339,049	713,969	12/31/2021	T-12	82.9%	1,154,471	358,477	795,995	8,343	0	787,652
22.30	Property		1	Prime Storage Fishers Ford Dr.	12/31/2022	T-12	728,674	261,020	467,654	12/31/2021	T-12	89.9%	910,293	244,172	666,121	16,803	0	649,318
22.31	Property		1	Prime Storage Acworth North	12/31/2022	T-12	790,946	216,857	574,089	12/31/2021	T-12	82.6%	916,278	247,633	668,645	7,744	0	660,902
22.32	Property		1	Prime Storage Rock Hill	12/31/2022	T-12	836,476	347,820	488,656	12/31/2021	T-12	81.7%	1,057,337	339,535	717,802	6,267	0	711,535
22.33	Property		1	Prime Storage Simpsonville	12/31/2022	T-12	774,765	338,572	436,193	12/31/2021	T-12	80.5%	993,547	306,494	687,053	9,024	0	678,029
22.34	Property		1	Prime Storage Acworth East	12/31/2022	T-12	789,749	245,064	544,685	12/31/2021	T-12	86.1%	956,535	233,534	723,001	9,421	0	713,580
22.35	Property		1	Prime Storage Saco	12/31/2022	T-12	724,331	213,229	511,102	12/31/2021	T-12	87.6%	894,789	210,500	684,288	4,429	0	679,860
22.36	Property		1	Prime Storage Baltimore North Point Blvd.	12/31/2022	T-12	792,388	284,819	507,569	12/31/2021	T-12	88.1%	929,401	246,485	682,916	7,171	0	675,744
22.37	Property		1	Prime Storage Green Island	12/31/2022	T-12	767,195	238,813	528,382	12/31/2021	T-12	81.3%	836,734	244,491	592,244	4,779	0	587,465
22.38	Property		1	Prime Storage North Fort Myers	12/31/2022	T-12	621,831	230,932	390,899	12/31/2021	T-12	91.2%	932,437	260,511	671,927	9,429	0	662,498
22.39	Property		1	Prime Storage Marietta	12/31/2022	T-12	652,126	239,645	412,481	12/31/2021	T-12	87.3%	834,313	237,946	596,367	8,047	0	588,320
22.40	Property		1	Prime Storage Midland	12/31/2022	T-12	838,768	250,414	588,354	12/31/2021	T-12	84.1%	895,515	252,760	642,755	9,396	0	633,359
22.41	Property		1	Prime Storage Lansing	12/31/2022	T-12	714,596	242,354	472,242	12/31/2021	T-12	81.6%	771,169	245,593	525,576	8,043	0	517,533
22.42	Property		1	Prime Storage Acworth West	12/31/2022	T-12	685,745	188,395	497,350	12/31/2021	T-12	81.5%	836,288	212,955	623,333	5,243	0	618,091
22.43	Property		1	Prime Storage Boardman	12/31/2022	T-12	860,282	376,890	483,392	12/31/2021	T-12	67.0%	974,571	350,072	624,499	31,009	0	593,490
22.44	Property		1	Prime Storage North Miami	12/31/2022	T-12	516,858	248,158	268,700	12/31/2021	T-12	85.4%	698,614	298,236	400,377	10,150	0	390,227
22.45	Property		1	Prime Storage Greenville Butler Rd.	12/31/2022	T-12	326,909	182,569	144,340	12/31/2021	T-12	80.1%	438,458	170,834	267,624	7,234	0	260,390
23	Loan		1	Eden Apartments	12/31/2022	T-12	NAV	NAV	NAV	NAV	NAV	95.0%	1,162,987	415,783	747,204	37,961	0	709,243	1.46
24	Loan	1, 5, 10, 12, 13, 17, 19, 20, 21, 26, 27, 30	1	Green Acres	12/31/2021	T-12	69,008,722	28,007,136	41,001,586	12/31/2020	T-12	96.2%	83,514,884	35,580,356	47,934,528	455,855	1,113,906	46,364,767	2.17
25	Loan	6, 20	2	Little Rock Self Storage Portfolio	12/31/2022	T-12	829,493	399,144	430,349	12/31/2021	T-12	77.2%	1,058,355	459,703	598,652	28,716	0	569,937	1.79
25.01	Property		1	8015 Geyer Springs Road	12/31/2022	T-12	500,165	231,004	269,161	12/31/2021	T-12	87.8%	582,718	252,488	330,230	8,936	0	321,294
25.02	Property		1	6100 Leon Circle	12/31/2022	T-12	329,327	168,140	161,188	12/31/2021	T-12	65.7%	475,637	207,215	268,423	19,780	0	248,642
26	Loan		1	Mini U Storage - Tomball	12/31/2022	T-12	975,878	525,523	450,355	12/31/2021	T-12	86.1%	1,120,600	642,559	478,041	8,181	0	469,860	1.60
27	Loan		1	Marco MHC	12/31/2022	T-12	310,703	135,435	175,268	12/31/2021	T-12	84.6%	382,528	151,117	231,411	3,116	0	228,295	1.22

A-5

BMO 2023 5C1

Annex A-1

Loan ID Number	Loan / Property Flag	Footnotes (for Loan and Property Information)	# of Properties	Property Name	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)
					7, 14	7	7	5			5,7	5,7	3,4
1	Loan	1, 10, 12, 27	1	Gateway Center South	1.21	8.5%	8.4%	271,100,000	As Is	3/11/2023	59.9%	59.9%	89.4%	5/5/2023	No
2	Loan	1, 12, 13, 21, 23, 24	1	11 West 42nd Street	1.39	11.6%	10.4%	555,000,000	As Is	4/19/2023	49.4%	49.4%	98.6%	5/1/2023	No
3	Loan	1, 5, 12, 18, 19, 20, 24	1	Short Pump Town Center	1.61	14.3%	13.5%	378,000,000	As Is (Extraordinary Assumptions)	6/7/2023	47.6%	47.6%	94.4%	6/20/2023	No
4	Loan	7, 16, 26, 29	1	Brookview Commons	1.45	8.9%	8.8%	87,700,000	As Is	3/27/2023	57.0%	57.0%	96.2%	4/17/2023	NAP
5	Loan	1, 2, 6, 12, 16, 19, 20, 22, 33	7	ICP/IRG Holdings Portfolio	1.39	10.7%	10.4%	307,750,000	As Is	Various	58.5%	58.5%	94.2%	3/31/2023
5.01	Property		1	Romulus - Huron				70,700,000	As Is	9/6/2022			100.0%	3/31/2023	No
5.02	Property		1	Warren Perkins Jones				60,900,000	As Is	9/6/2022			99.3%	3/31/2023	No
5.03	Property		1	Cleveland American Industrial				65,800,000	As Is	9/23/2022			85.6%	3/31/2023	No
5.04	Property		1	Cleveland American Office				46,600,000	As Is	9/23/2022			100.0%	3/31/2023	Yes
5.05	Property		1	Miles North Randall				39,000,000	As Is	9/2/2022			68.5%	3/31/2023	Yes
5.06	Property		1	Invacare				20,600,000	As Is	9/2/2022			100.0%	3/31/2023	Yes
5.07	Property		1	Stop Eight Vandalia				4,150,000	As Is	9/1/2022			100.0%	3/31/2023	No
6	Loan	2, 12, 13, 16, 19	1	California High Tech Logistics	1.33	11.2%	11.0%	161,200,000	As Is	1/4/2023	43.4%	43.4%	100.0%	8/1/2023	Yes
7	Loan	1, 12, 23, 30	1	Cumberland Mall	1.66	13.8%	13.3%	368,000,000	As Is	2/28/2023	48.9%	48.9%	98.7%	3/31/2023	No
8	Loan	2, 6, 12, 13	5	Gilardian NYC Portfolio II	2.88	12.3%	12.2%	137,700,000	As Is	Various	39.2%	39.2%	96.5%	3/31/2023
8.01	Property		1	2410-2418 Broadway				42,600,000	As Is	3/23/2023			93.5%	3/31/2023	NAP
8.02	Property		1	245 West 51st Street				41,600,000	As Is	3/22/2023			96.9%	3/31/2023	NAP
8.03	Property		1	324-326 West 84th Street				28,400,000	As Is	3/23/2023			97.9%	3/31/2023	NAP
8.04	Property		1	107 West 68th Street				14,300,000	As Is	3/23/2023			100.0%	3/31/2023	NAP
8.05	Property		1	1443-1447 York Avenue				10,800,000	As Is	3/22/2023			91.7%	3/31/2023	NAP
9	Loan	2, 17, 19, 21, 27, 29	1	Four Points Flushing	1.96	16.6%	15.2%	80,000,000	As Is	5/17/2023	50.1%	50.1%	80.5%	6/30/2023	NAP
10	Loan	1, 5, 10, 12, 13, 19, 23, 30, 31	1	Back Bay Office	2.55	16.3%	16.3%	1,410,000,000	As Is (Extraordinary Assumption)	10/19/2022	33.7%	33.7%	95.8%	4/30/2023	No
11	Loan	1, 4, 12, 13, 20, 33	1	Harborside 2-3	2.36	14.7%	14.0%	396,000,000	As Is	2/7/2023	56.8%	56.8%	75.1%	3/22/2023	No
12	Loan	1, 4, 12, 19, 28, 33	1	The Widener Building	1.65	13.5%	12.9%	92,700,000	As Is	3/30/2023	53.9%	53.9%	93.2%	6/7/2023	No
13	Loan	20	1	107 Tom Starling Road	1.19	10.1%	9.4%	49,250,000	As Is	5/30/2023	52.8%	52.8%	100.0%	12/31/2022	No
14	Loan	1, 12, 17, 19, 21	1	Oxmoor Center	1.50	13.3%	12.4%	153,000,000	As Is	4/4/2023	58.8%	58.8%	94.1%	3/31/2023	No
15	Loan	1, 10, 12, 13, 15, 21, 30	1	Heritage Plaza	1.54	12.7%	12.0%	521,800,000	As Is	2/1/2023	33.0%	33.0%	70.1%	2/23/2023	No
16	Loan	2, 6, 10, 16, 19, 29	2	Cosmos Portfolio	1.35	11.1%	11.0%	34,500,000	As Is	Various	52.6%	52.6%	100.0%	8/1/2023
16.01	Property		1	121 Morgan Lakes Industrial Blvd				21,000,000	As Is	3/21/2023			100.0%	8/1/2023	Yes
16.02	Property		1	6582 Peachtree Industrial Blvd				13,500,000	As Is	3/20/2023			100.0%	8/1/2023	Yes
17	Loan	4, 5, 12	1	Riverview Tower	1.40	12.6%	12.4%	40,200,000	As Complete	8/1/2023	68.6%	65.8%	94.3%	4/30/2023	No
18	Loan	4, 19, 22	1	Museum Tower	1.70	11.9%	11.3%	76,000,000	As Is	2/3/2023	61.8%	61.8%	92.1%	3/30/2023	No
19	Loan	6, 12, 16, 22	3	Grogan Portfolio	1.89	14.6%	14.0%	51,600,000	As Is	Various	32.0%	32.0%	Various	Various
19.01	Property		1	Sweet Sam's Factory				35,500,000	As Is	5/17/2023			100.0%	8/1/2023	Yes
19.02	Property		1	15 East 76th Street				10,100,000	As Is	5/18/2023			100.0%	5/31/2023	NAP
19.03	Property		1	523B East 85th Street				6,000,000	As Is	5/18/2023			85.7%	5/31/2023	NAP
20	Loan	3, 5, 12, 16, 17, 19, 22	1	RH HQ	2.04	11.5%	11.2%	42,500,000	Market Value of the Sandwich Leasehold Interest	1/25/2022	68.2%	68.2%	100.0%	8/5/2023	Yes
21	Loan	4, 6, 12, 16, 19, 24	2	Select Parking NYC Portfolio	1.35	10.9%	10.9%	72,100,000	As Is	4/25/2023	61.0%	61.0%	100.0%	8/6/2023
21.01	Property		1	30, 40 and 60 East 9th Street				46,500,000	As Is	4/25/2023			100.0%	8/6/2023	Yes
21.02	Property		1	260 West 87th Street				25,600,000	As Is	4/25/2023			100.0%	8/6/2023	Yes
22	Loan	5, 6, 12, 13, 29	45	Prime Storage Portfolio #3	1.67	11.0%	10.8%	790,800,000	As Portfolio	4/21/2023	51.3%	51.3%	84.6%	4/30/2023
22.01	Property		1	Prime Storage Bridgehampton				56,000,000	As Is	3/3/2023			85.3%	4/30/2023	NAP
22.02	Property		1	Prime Storage Bohemia				47,200,000	As Is	3/2/2023			82.0%	4/30/2023	NAP
22.03	Property		1	Prime Storage Westhampton Beach				30,200,000	As Is	3/3/2023			86.5%	4/30/2023	NAP
22.04	Property		1	Prime Storage Queens Jamaica				27,500,000	As Is	3/2/2023			86.4%	4/30/2023	NAP
22.05	Property		1	Prime Storage West Palm Beach				26,500,000	As Is	3/1/2023			95.7%	4/30/2023	NAP
22.06	Property		1	Prime Storage Snellville				25,000,000	As Is	3/2/2023			89.7%	4/30/2023	NAP
22.07	Property		1	Prime Storage Shallotte				23,100,000	As Is	2/28/2023			82.8%	4/30/2023	NAP
22.08	Property		1	Prime Storage Danbury East				22,500,000	As Is	2/27/2023			87.3%	4/30/2023	NAP
22.09	Property		1	Prime Storage Dallas				21,400,000	As Is	3/1/2023			87.2%	4/30/2023	NAP
22.10	Property		1	Prime Storage Bay Shore Pine Aire Dr.				21,100,000	As Is	3/2/2023			88.9%	4/30/2023	NAP
22.11	Property		1	Prime Storage Mesa				21,000,000	As Is	3/3/2023			89.1%	4/30/2023	NAP
22.12	Property		1	Prime Storage Warren				19,900,000	As Is	3/2/2023			93.5%	4/30/2023	NAP
22.13	Property		1	Prime Storage Portsmouth				18,000,000	As Is	3/2/2023			81.0%	4/30/2023	NAP
22.14	Property		1	Prime Storage Bolivia				17,900,000	As Is	2/28/2023			77.0%	4/30/2023	NAP
22.15	Property		1	Prime Storage Charlottesville				17,400,000	As Is	3/2/2023			71.5%	4/30/2023	NAP
22.16	Property		1	Prime Storage Clifton				17,100,000	As Is	2/27/2023			84.8%	4/30/2023	NAP
22.17	Property		1	Prime Storage Centereach				16,800,000	As Is	3/3/2023			83.5%	4/30/2023	NAP
22.18	Property		1	Prime Storage Marietta North				16,200,000	As Is	3/1/2023			85.0%	4/30/2023	NAP
22.19	Property		1	Prime Storage Hardeeville				15,800,000	As Is	3/6/2023			86.8%	4/30/2023	NAP
22.20	Property		1	Prime Storage Summerville				15,750,000	As Is	3/6/2023			89.1%	4/30/2023	NAP
22.21	Property		1	Prime Storage Virginia Beach Lynnhaven Pkwy.				15,100,000	As Is	3/7/2023			91.5%	4/30/2023	NAP
22.22	Property		1	Prime Storage Marietta South				15,000,000	As Is	3/1/2023			88.8%	4/30/2023	NAP
22.23	Property		1	Prime Storage Cartersville				14,100,000	As Is	3/1/2023			85.3%	4/30/2023	NAP
22.24	Property		1	Prime Storage Danbury West				14,000,000	As Is	2/27/2023			81.8%	4/30/2023	NAP
22.25	Property		1	Prime Storage Scarborough				13,500,000	As Is	3/3/2023			82.6%	4/30/2023	NAP
22.26	Property		1	Prime Storage Baltimore				12,800,000	As Is	3/3/2023			83.9%	4/30/2023	NAP
22.27	Property		1	Prime Storage Farmingdale				12,800,000	As Is	3/2/2023			82.5%	4/30/2023	NAP
22.28	Property		1	Prime Storage Baltimore - 3500 Wilkens Ave.				12,500,000	As Is	3/3/2023			79.0%	4/30/2023	NAP
22.29	Property		1	Prime Storage Glenville				11,800,000	As Is	3/6/2023			82.9%	4/30/2023	NAP
22.30	Property		1	Prime Storage Fishers Ford Dr.				11,300,000	As Is	3/2/2023			89.9%	4/30/2023	NAP
22.31	Property		1	Prime Storage Acworth North				11,100,000	As Is	3/1/2023			82.6%	4/30/2023	NAP
22.32	Property		1	Prime Storage Rock Hill				11,050,000	As Is	3/6/2023			81.7%	4/30/2023	NAP
22.33	Property		1	Prime Storage Simpsonville				10,850,000	As Is	3/6/2023			80.5%	4/30/2023	NAP
22.34	Property		1	Prime Storage Acworth East				10,500,000	As Is	3/1/2023			86.1%	4/30/2023	NAP
22.35	Property		1	Prime Storage Saco				10,500,000	As Is	3/3/2023			87.6%	4/30/2023	NAP
22.36	Property		1	Prime Storage Baltimore North Point Blvd.				10,400,000	As Is	3/3/2023			88.1%	4/30/2023	NAP
22.37	Property		1	Prime Storage Green Island				9,500,000	As Is	3/6/2023			81.3%	4/30/2023	NAP
22.38	Property		1	Prime Storage North Fort Myers				9,450,000	As Is	3/7/2023			91.2%	4/30/2023	NAP
22.39	Property		1	Prime Storage Marietta				9,300,000	As Is	3/1/2023			87.3%	4/30/2023	NAP
22.40	Property		1	Prime Storage Midland				9,000,000	As Is	3/1/2023			84.1%	4/30/2023	NAP
22.41	Property		1	Prime Storage Lansing				8,875,000	As Is	3/2/2023			81.6%	4/30/2023	NAP
22.42	Property		1	Prime Storage Acworth West				8,800,000	As Is	3/1/2023			81.5%	4/30/2023	NAP
22.43	Property		1	Prime Storage Boardman				8,360,000	As Is	2/24/2023			67.0%	4/30/2023	NAP
22.44	Property		1	Prime Storage North Miami				6,500,000	As Is	3/1/2023			85.4%	4/30/2023	NAP
22.45	Property		1	Prime Storage Greenville Butler Rd.				4,250,000	As Is	3/6/2023			80.1%	4/30/2023	NAP
23	Loan		1	Eden Apartments	1.39	9.8%	9.3%	11,800,000	As Is	4/19/2023	64.4%	64.4%	95.2%	6/9/2023	NAP
24	Loan	1, 5, 10, 12, 13, 17, 19, 20, 21, 26, 27, 30	1	Green Acres	2.10	13.0%	12.5%	679,000,000	As Is	10/30/2022	54.5%	54.5%	97.7%	12/12/2022	No
25	Loan	6, 20	2	Little Rock Self Storage Portfolio	1.71	12.4%	11.8%	7,870,000	As Is	4/20/2023	61.2%	61.2%	82.7%	5/23/2023
25.01	Property		1	8015 Geyer Springs Road				4,460,000	As Is	4/20/2023			94.7%	5/23/2023	NAP
25.02	Property		1	6100 Leon Circle				3,410,000	As Is	4/20/2023			73.6%	5/23/2023	NAP
26	Loan		1	Mini U Storage - Tomball	1.57	11.8%	11.6%	10,700,000	As Is	3/29/2023	37.9%	37.9%	85.3%	3/21/2023	NAP
27	Loan		1	Marco MHC	1.20	10.6%	10.5%	4,840,000	As Is	5/5/2023	45.0%	43.1%	85.4%	6/6/2023	NAP

A-6

BMO 2023 5C1

Annex A-1

Loan ID Number	Loan / Property Flag	Footnotes (for Loan and Property Information)	# of Properties	Property Name	Largest Tenant	Largest Tenant SF	Largest Tenant % of NRA	Largest Tenant Lease Expiration Date	Second Largest Tenant	Second Largest Tenant SF
					4,21,22,23,28				4,21,22,23,28
1	Loan	1, 10, 12, 27	1	Gateway Center South	BJ's Wholesale Club	128,995	36.3%	9/20/2027	Dave & Buster's	37,060
2	Loan	1, 12, 13, 21, 23, 24	1	11 West 42nd Street	Michael Kors (USA), Inc	254,485	26.5%	330 SF in 11/30/2023; 6,436 SF in 3/31/2025; 236,974 SF in 3/31/2026; 10,745 SF in 9/30/2029	First-Citizens Bank & Trust Company	153,680
3	Loan	1, 5, 12, 18, 19, 20, 24	1	Short Pump Town Center	Crate & Barrel	34,597	5.4%	1/31/2024	H&M	21,334
4	Loan	7, 16, 26, 29	1	Brookview Commons	NAP	NAP	NAP	NAP	NAP	NAP
5	Loan	1, 2, 6, 12, 16, 19, 20, 22, 33	7	ICP/IRG Holdings Portfolio
5.01	Property		1	Romulus - Huron	Renaissance Global Logistics, LLC	826,604	74.3%	370,514 SF expiring 8/31/2025; 185,870 SF expiring 10/31/2026; 270,220 SF expiring 1/31/2027	Home Depot U.S.A., Inc.	285,400
5.02	Property		1	Warren Perkins Jones	The Step2 Company, LLC	586,000	42.9%	11/3/2030	The HC Companies, Inc.	413,395
5.03	Property		1	Cleveland American Industrial	Graphic Packaging International, LLC	173,759	15.2%	23,016 SF expiring MTM; 150,743 SF expiring 11/30/2025	TRG Studios, Inc.	156,523
5.04	Property		1	Cleveland American Office	Medical Mutual of Ohio	344,355	100.0%	12/31/2035	NAP	NAP
5.05	Property		1	Miles North Randall	Pipeline Packaging Co.	207,132	68.5%	4/30/2029	NAP	NAP
5.06	Property		1	Invacare	Invacare Corporation	301,000	100.0%	4/30/2035	NAP	NAP
5.07	Property		1	Stop Eight Vandalia	AMERI AmeriWater, LLC	65,057	68.2%	9/24/2025	L&W Supply	30,366
6	Loan	2, 12, 13, 16, 19	1	California High Tech Logistics	High Tech Logistics	596,090	100.0%	3/31/2043	NAP	NAP
7	Loan	1, 12, 23, 30	1	Cumberland Mall	Costco	147,409	20.8%	11/30/2026	Round 1 Bowling & Amusement	83,600
8	Loan	2, 6, 12, 13	5	Gilardian NYC Portfolio II
8.01	Property		1	2410-2418 Broadway	NAP	NAP	NAP	NAP	NAP	NAP
8.02	Property		1	245 West 51st Street	NAP	NAP	NAP	NAP	NAP	NAP
8.03	Property		1	324-326 West 84th Street	NAP	NAP	NAP	NAP	NAP	NAP
8.04	Property		1	107 West 68th Street	NAP	NAP	NAP	NAP	NAP	NAP
8.05	Property		1	1443-1447 York Avenue	NAP	NAP	NAP	NAP	NAP	NAP
9	Loan	2, 17, 19, 21, 27, 29	1	Four Points Flushing	NAP	NAP	NAP	NAP	NAP	NAP
10	Loan	1, 5, 10, 12, 13, 19, 23, 30, 31	1	Back Bay Office	Wayfair	356,312	27.8%	12/31/2031	DraftKings Inc.	125,104
11	Loan	1, 4, 12, 13, 20, 33	1	Harborside 2-3	MUFG Bank Ltd.	137,076	8.6%	8/31/2029	E-Trade Financial Corporation	132,265
12	Loan	1, 4, 12, 19, 28, 33	1	The Widener Building	Philadelphia Municipal Court - Criminal Division	200,114	45.3%	12/31/2032	Chestnut Master LLC	69,420
13	Loan	20	1	107 Tom Starling Road	Keeco, LLC	610,724	66.5%	12/31/2031	We Pack Logistics, LLC	208,000
14	Loan	1, 12, 17, 19, 21	1	Oxmoor Center	Macy's	278,341	30.8%	7/31/2025	Von Maur	156,000
15	Loan	1, 10, 12, 13, 15, 21, 30	1	Heritage Plaza	EOG Resources Inc.	376,333	32.5%	3/31/2035	Deloitte & Touche USA LLP	205,125
16	Loan	2, 6, 10, 16, 19, 29	2	Cosmos Portfolio
16.01	Property		1	121 Morgan Lakes Industrial Blvd	Cosmos Surfaces	153,092	100.0%	4/30/2038	NAP	NAP
16.02	Property		1	6582 Peachtree Industrial Blvd	Cosmos Surfaces	103,040	100.0%	4/30/2038	NAP	NAP
17	Loan	4, 5, 12	1	Riverview Tower	CGI Federal Inc.	39,447	11.8%	12/31/2032	Lewis Thomason PC	32,567
18	Loan	4, 19, 22	1	Museum Tower	Stearns Weaver Miller	98,695	40.5%	9/30/2027	Mana Miami Management, LLC	39,378
19	Loan	6, 12, 16, 22	3	Grogan Portfolio
19.01	Property		1	Sweet Sam's Factory	Sweet Sam's Baking Company, LLC	72,882	100.0%	6/30/2030	NAP	NAP
19.02	Property		1	15 East 76th Street	NAP	NAP	NAP	NAP	NAP	NAP
19.03	Property		1	523B East 85th Street	NAP	NAP	NAP	NAP	NAP	NAP
20	Loan	3, 5, 12, 16, 17, 19, 22	1	RH HQ	Restoration Hardware	96,907	98.9%	5/31/2028	NAP	NAP
21	Loan	4, 6, 12, 16, 19, 24	2	Select Parking NYC Portfolio
21.01	Property		1	30, 40 and 60 East 9th Street	Select Parking - 30, 40, 60 East 9th Street	360	100.0%	4/30/2033	NAP	NAP
21.02	Property		1	260 West 87th Street	Select Parking - 260 W 87th Street	190	100.0%	4/30/2033	NAP	NAP
22	Loan	5, 6, 12, 13, 29	45	Prime Storage Portfolio #3
22.01	Property		1	Prime Storage Bridgehampton	NAP	NAP	NAP	NAP	NAP	NAP
22.02	Property		1	Prime Storage Bohemia	NAP	NAP	NAP	NAP	NAP	NAP
22.03	Property		1	Prime Storage Westhampton Beach	NAP	NAP	NAP	NAP	NAP	NAP
22.04	Property		1	Prime Storage Queens Jamaica	NAP	NAP	NAP	NAP	NAP	NAP
22.05	Property		1	Prime Storage West Palm Beach	NAP	NAP	NAP	NAP	NAP	NAP
22.06	Property		1	Prime Storage Snellville	NAP	NAP	NAP	NAP	NAP	NAP
22.07	Property		1	Prime Storage Shallotte	NAP	NAP	NAP	NAP	NAP	NAP
22.08	Property		1	Prime Storage Danbury East	NAP	NAP	NAP	NAP	NAP	NAP
22.09	Property		1	Prime Storage Dallas	NAP	NAP	NAP	NAP	NAP	NAP
22.10	Property		1	Prime Storage Bay Shore Pine Aire Dr.	NAP	NAP	NAP	NAP	NAP	NAP
22.11	Property		1	Prime Storage Mesa	NAP	NAP	NAP	NAP	NAP	NAP
22.12	Property		1	Prime Storage Warren	NAP	NAP	NAP	NAP	NAP	NAP
22.13	Property		1	Prime Storage Portsmouth	NAP	NAP	NAP	NAP	NAP	NAP
22.14	Property		1	Prime Storage Bolivia	NAP	NAP	NAP	NAP	NAP	NAP
22.15	Property		1	Prime Storage Charlottesville	NAP	NAP	NAP	NAP	NAP	NAP
22.16	Property		1	Prime Storage Clifton	NAP	NAP	NAP	NAP	NAP	NAP
22.17	Property		1	Prime Storage Centereach	NAP	NAP	NAP	NAP	NAP	NAP
22.18	Property		1	Prime Storage Marietta North	NAP	NAP	NAP	NAP	NAP	NAP
22.19	Property		1	Prime Storage Hardeeville	NAP	NAP	NAP	NAP	NAP	NAP
22.20	Property		1	Prime Storage Summerville	NAP	NAP	NAP	NAP	NAP	NAP
22.21	Property		1	Prime Storage Virginia Beach Lynnhaven Pkwy.	NAP	NAP	NAP	NAP	NAP	NAP
22.22	Property		1	Prime Storage Marietta South	NAP	NAP	NAP	NAP	NAP	NAP
22.23	Property		1	Prime Storage Cartersville	NAP	NAP	NAP	NAP	NAP	NAP
22.24	Property		1	Prime Storage Danbury West	NAP	NAP	NAP	NAP	NAP	NAP
22.25	Property		1	Prime Storage Scarborough	NAP	NAP	NAP	NAP	NAP	NAP
22.26	Property		1	Prime Storage Baltimore	NAP	NAP	NAP	NAP	NAP	NAP
22.27	Property		1	Prime Storage Farmingdale	NAP	NAP	NAP	NAP	NAP	NAP
22.28	Property		1	Prime Storage Baltimore - 3500 Wilkens Ave.	NAP	NAP	NAP	NAP	NAP	NAP
22.29	Property		1	Prime Storage Glenville	NAP	NAP	NAP	NAP	NAP	NAP
22.30	Property		1	Prime Storage Fishers Ford Dr.	NAP	NAP	NAP	NAP	NAP	NAP
22.31	Property		1	Prime Storage Acworth North	NAP	NAP	NAP	NAP	NAP	NAP
22.32	Property		1	Prime Storage Rock Hill	NAP	NAP	NAP	NAP	NAP	NAP
22.33	Property		1	Prime Storage Simpsonville	NAP	NAP	NAP	NAP	NAP	NAP
22.34	Property		1	Prime Storage Acworth East	NAP	NAP	NAP	NAP	NAP	NAP
22.35	Property		1	Prime Storage Saco	NAP	NAP	NAP	NAP	NAP	NAP
22.36	Property		1	Prime Storage Baltimore North Point Blvd.	NAP	NAP	NAP	NAP	NAP	NAP
22.37	Property		1	Prime Storage Green Island	NAP	NAP	NAP	NAP	NAP	NAP
22.38	Property		1	Prime Storage North Fort Myers	NAP	NAP	NAP	NAP	NAP	NAP
22.39	Property		1	Prime Storage Marietta	NAP	NAP	NAP	NAP	NAP	NAP
22.40	Property		1	Prime Storage Midland	NAP	NAP	NAP	NAP	NAP	NAP
22.41	Property		1	Prime Storage Lansing	NAP	NAP	NAP	NAP	NAP	NAP
22.42	Property		1	Prime Storage Acworth West	NAP	NAP	NAP	NAP	NAP	NAP
22.43	Property		1	Prime Storage Boardman	NAP	NAP	NAP	NAP	NAP	NAP
22.44	Property		1	Prime Storage North Miami	NAP	NAP	NAP	NAP	NAP	NAP
22.45	Property		1	Prime Storage Greenville Butler Rd.	NAP	NAP	NAP	NAP	NAP	NAP
23	Loan		1	Eden Apartments	NAP	NAP	NAP	NAP	NAP	NAP
24	Loan	1, 5, 10, 12, 13, 17, 19, 20, 21, 26, 27, 30	1	Green Acres	Macy's	390,503	18.8%	8/18/2026 (266,676 SF); 7/31/2034 (123,827 SF)	Walmart	173,450
25	Loan	6, 20	2	Little Rock Self Storage Portfolio
25.01	Property		1	8015 Geyer Springs Road	NAP	NAP	NAP	NAP	NAP	NAP
25.02	Property		1	6100 Leon Circle	NAP	NAP	NAP	NAP	NAP	NAP
26	Loan		1	Mini U Storage - Tomball	NAP	NAP	NAP	NAP	NAP	NAP
27	Loan		1	Marco MHC	NAP	NAP	NAP	NAP	NAP	NAP

A-7

BMO 2023 5C1

Annex A-1

Loan ID Number

Loan / Property Flag

Footnotes (for Loan and Property Information)

# of Properties

Property Name

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

4,21,22,23,28

4,21,22,23,28

1

Loan

1, 10, 12, 27

1

Gateway Center South

10.4%

1/31/2036

Marshalls

35,021

9.9%

9/30/2027

Best Buy

31,679

8.9%

2

Loan

1, 12, 13, 21, 23, 24

1

11 West 42nd Street

16.0%

5/31/2034

New York University

117,382

12.2%

6/30/2027

Kohn Pedersen Fox Associates, P.C.

92,788

9.7%

3

Loan

1, 5, 12, 18, 19, 20, 24

1

Short Pump Town Center

3.4%

4/30/2026

Saxon Shoes & Accessories

21,178

3.3%

3/31/2026

The Container Store

18,942

3.0%

4

Loan

7, 16, 26, 29

1

Brookview Commons

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

5

Loan

1, 2, 6, 12, 16, 19, 20, 22, 33

7

ICP/IRG Holdings Portfolio

5.01

Property

1

Romulus - Huron

25.7%

1/31/2025

NAP

NAP

NAP

NAP

NAP

NAP

NAP

5.02

Property

1

Warren Perkins Jones

30.3%

5/31/2030

Hemasource, Inc.

187,267

13.7%

12/31/2033

Berk Enterprises

169,139

12.4%

5.03

Property

1

Cleveland American Industrial

13.7%

37,619 SF expiring 9/30/2025; 118,904 SF expiring 7/31/2031

Taylor Exhibition Services, Inc.

100,773

8.8%

10/31/2027

Inogen, Inc

93,634

8.2%

5.04

Property

1

Cleveland American Office

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

5.05

Property

1

Miles North Randall

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

5.06

Property

1

Invacare

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

5.07

Property

1

Stop Eight Vandalia

31.8%

5/31/2035

NAP

NAP

NAP

NAP

NAP

NAP

NAP

6

Loan

2, 12, 13, 16, 19

1

California High Tech Logistics

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

7

Loan

1, 12, 23, 30

1

Cumberland Mall

11.8%

2/28/2031

Dick's Sporting Goods

70,984

10.0%

1/31/2031

Forever 21

25,748

3.6%

8

Loan

2, 6, 12, 13

5

Gilardian NYC Portfolio II

8.01

Property

1

2410-2418 Broadway

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

8.02

Property

1

245 West 51st Street

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

8.03

Property

1

324-326 West 84th Street

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

8.04

Property

1

107 West 68th Street

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

8.05

Property

1

1443-1447 York Avenue

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

9

Loan

2, 17, 19, 21, 27, 29

1

Four Points Flushing

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

10

Loan

1, 5, 10, 12, 13, 19, 23, 30, 31

1

Back Bay Office

9.7%

3/31/2029

Summit Partners

78,587

6.1%

11/30/2033

Cooley

72,165

5.6%

11

Loan

1, 4, 12, 13, 20, 33

1

Harborside 2-3

8.3%

1/31/2031

Collectors Universe

130,419

8.2%

11/30/2038

Sumitomo Mitsui Banking

111,605

7.0%

12

Loan

1, 4, 12, 19, 28, 33

1

The Widener Building

15.7%

5/31/2033

First Judicial District of PA

48,600

11.0%

8/31/2032

Weir & Partners

22,482

5.1%

13

Loan

20

1

107 Tom Starling Road

22.6%

7/31/2026

Landair Logistics, Inc.

100,000

10.9%

9/30/2024

NAP

NAP

NAP

14

Loan

1, 12, 17, 19, 21

1

Oxmoor Center

17.3%

8/31/2028

Topgolf

100,000

11.1%

11/30/2042

Dick's Sporting Goods

80,000

8.8%

15

Loan

1, 10, 12, 13, 15, 21, 30

1

Heritage Plaza

17.7%

2/28/2031

Perella Weinberg Partners Group LP

63,446

5.5%

8/31/2027

Lime Rock Management LP

56,984

4.9%

16

Loan

2, 6, 10, 16, 19, 29

2

Cosmos Portfolio

16.01

Property

1

121 Morgan Lakes Industrial Blvd

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

16.02

Property

1

6582 Peachtree Industrial Blvd

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

17

Loan

4, 5, 12

1

Riverview Tower

9.7%

6/30/2036

Truist Bank

28,235

8.4%

12/31/2028

Woolf, McClane, Bright, Allen

23,649

7.1%

18

Loan

4, 19, 22

1

Museum Tower

16.2%

4/30/2038

GSA-Federal Public Defenders

28,765

11.8%

3/7/2037

Luks Santaniello

13,637

5.6%

19

Loan

6, 12, 16, 22

3

Grogan Portfolio

19.01

Property

1

Sweet Sam's Factory

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

19.02

Property

1

15 East 76th Street

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

19.03

Property

1

523B East 85th Street

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

20

Loan

3, 5, 12, 16, 17, 19, 22

1

RH HQ

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

21

Loan

4, 6, 12, 16, 19, 24

2

Select Parking NYC Portfolio

21.01

Property

1

30, 40 and 60 East 9th Street

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

21.02

Property

1

260 West 87th Street

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

22

Loan

5, 6, 12, 13, 29

45

Prime Storage Portfolio #3

22.01

Property

1

Prime Storage Bridgehampton

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

22.02

Property

1

Prime Storage Bohemia

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

22.03

Property

1

Prime Storage Westhampton Beach

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

22.04

Property

1

Prime Storage Queens Jamaica

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

22.05

Property

1

Prime Storage West Palm Beach

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

22.06

Property

1

Prime Storage Snellville

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

22.07

Property

1

Prime Storage Shallotte

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

22.08

Property

1

Prime Storage Danbury East

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

22.09

Property

1

Prime Storage Dallas

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

22.10

Property

1

Prime Storage Bay Shore Pine Aire Dr.

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

22.11

Property

1

Prime Storage Mesa

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

22.12

Property

1

Prime Storage Warren

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

22.13

Property

1

Prime Storage Portsmouth

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

22.14

Property

1

Prime Storage Bolivia

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

22.15

Property

1

Prime Storage Charlottesville

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

22.16

Property

1

Prime Storage Clifton

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

22.17

Property

1

Prime Storage Centereach

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

22.18

Property

1

Prime Storage Marietta North

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

22.19

Property

1

Prime Storage Hardeeville

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

22.20

Property

1

Prime Storage Summerville

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

22.21

Property

1

Prime Storage Virginia Beach Lynnhaven Pkwy.

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

22.22

Property

1

Prime Storage Marietta South

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

22.23

Property

1

Prime Storage Cartersville

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

22.24

Property

1

Prime Storage Danbury West

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

22.25

Property

1

Prime Storage Scarborough

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

22.26

Property

1

Prime Storage Baltimore

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

22.27

Property

1

Prime Storage Farmingdale

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

22.28

Property

1

Prime Storage Baltimore - 3500 Wilkens Ave.

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

22.29

Property

1

Prime Storage Glenville

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

22.30

Property

1

Prime Storage Fishers Ford Dr.

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

22.31

Property

1

Prime Storage Acworth North

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

22.32

Property

1

Prime Storage Rock Hill

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

22.33

Property

1

Prime Storage Simpsonville

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

22.34

Property

1

Prime Storage Acworth East

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

22.35

Property

1

Prime Storage Saco

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

22.36

Property

1

Prime Storage Baltimore North Point Blvd.

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

22.37

Property

1

Prime Storage Green Island

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

22.38

Property

1

Prime Storage North Fort Myers

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

22.39

Property

1

Prime Storage Marietta

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

22.40

Property

1

Prime Storage Midland

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

22.41

Property

1

Prime Storage Lansing

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

22.42

Property

1

Prime Storage Acworth West

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

22.43

Property

1

Prime Storage Boardman

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

22.44

Property

1

Prime Storage North Miami

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

22.45

Property

1

Prime Storage Greenville Butler Rd.

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

23

Loan

1

Eden Apartments

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

24

Loan

1, 5, 10, 12, 13, 17, 19, 20, 21, 26, 27, 30

1

Green Acres

8.3%

8/31/2028

SEARS

144,537

6.9%

10/31/2028

BJ's Wholesale Club

127,750

6.1%

25

Loan

6, 20

2

Little Rock Self Storage Portfolio

25.01

Property

1

8015 Geyer Springs Road

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

25.02

Property

1

6100 Leon Circle

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

26

Loan

1

Mini U Storage - Tomball

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

27

Loan

1

Marco MHC

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

A-8

BMO 2023 5C1

Annex A-1

Loan ID Number

Loan / Property Flag

Footnotes (for Loan and Property Information)

# of Properties

Property Name

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

4,21,22,23, 28

1

Loan

1, 10, 12, 27

1

Gateway Center South

1/31/2028

Old Navy

26,861

7.6%

1/31/2027

5/19/2023

NAP

4/18/2023

NAP

NAP

No

2

Loan

1, 12, 13, 21, 23, 24

1

11 West 42nd Street

15,400 SF in 4/30/2027; 77,388 SF in 5/31/2038

Burberry (Wholesale) Limited

45,509

4.7%

8/31/2037

4/24/2023

NAP

5/19/2023

NAP

NAP

No

3

Loan

1, 5, 12, 18, 19, 20, 24

1

Short Pump Town Center

2/29/2032

LL Bean

15,553

2.4%

1/31/2026

5/15/2023

NAP

5/14/2023

NAP

NAP

No

4

Loan

7, 16, 26, 29

1

Brookview Commons

NAP

NAP

NAP

NAP

NAP

6/8/2023

NAP

4/13/2023

NAP

NAP

Yes - AE

5

Loan

1, 2, 6, 12, 16, 19, 20, 22, 33

7

ICP/IRG Holdings Portfolio

5.01

Property

1

Romulus - Huron

NAP

NAP

NAP

NAP

NAP

4/10/2023

NAP

3/29/2023

NAP

NAP

No

5.02

Property

1

Warren Perkins Jones

10/31/2025

NAP

NAP

NAP

NAP

4/7/2023

NAP

8/26/2022

NAP

NAP

No

5.03

Property

1

Cleveland American Industrial

9/30/2024

American Greetings

90,446

7.9%

6/29/2024

4/7/2023

NAP

3/29/2023

NAP

NAP

No

5.04

Property

1

Cleveland American Office

NAP

NAP

NAP

NAP

NAP

4/7/2023

NAP

8/29/2022

NAP

NAP

No

5.05

Property

1

Miles North Randall

NAP

NAP

NAP

NAP

NAP

4/7/2023

NAP

8/29/2022

NAP

NAP

No

5.06

Property

1

Invacare

NAP

NAP

NAP

NAP

NAP

4/10/2023

NAP

4/4/2023

NAP

NAP

No

5.07

Property

1

Stop Eight Vandalia

NAP

NAP

NAP

NAP

NAP

4/10/2023

NAP

8/26/2022

NAP

NAP

No

6

Loan

2, 12, 13, 16, 19

1

California High Tech Logistics

NAP

NAP

NAP

NAP

NAP

1/4/2023

NAP

1/4/2023

1/4/2023

8%

No

7

Loan

1, 12, 23, 30

1

Cumberland Mall

1/31/2027

H&M

24,655

3.5%

1/31/2032

3/1/2023

NAP

3/1/2023

NAP

NAP

No

8

Loan

2, 6, 12, 13

5

Gilardian NYC Portfolio II

8.01

Property

1

2410-2418 Broadway

NAP

NAP

NAP

NAP

NAP

4/14/2023

NAP

4/14/2023

NAP

NAP

No

8.02

Property

1

245 West 51st Street

NAP

NAP

NAP

NAP

NAP

4/14/2023

NAP

4/14/2023

NAP

NAP

No

8.03

Property

1

324-326 West 84th Street

NAP

NAP

NAP

NAP

NAP

4/14/2023

NAP

4/14/2023

NAP

NAP

No

8.04

Property

1

107 West 68th Street

NAP

NAP

NAP

NAP

NAP

4/14/2023

NAP

4/14/2023

NAP

NAP

No

8.05

Property

1

1443-1447 York Avenue

NAP

NAP

NAP

NAP

NAP

4/14/2023

NAP

4/14/2023

NAP

NAP

No

9

Loan

2, 17, 19, 21, 27, 29

1

Four Points Flushing

NAP

NAP

NAP

NAP

NAP

5/30/2023

NAP

5/30/2023

NAP

NAP

No

10

Loan

1, 5, 10, 12, 13, 19, 23, 30, 31

1

Back Bay Office

5/31/2032

Skadden Arps Slate Meagher

47,722

3.7%

2/28/2029

11/15/2022

NAP

10/31/2022

NAP

NAP

No

11

Loan

1, 4, 12, 13, 20, 33

1

Harborside 2-3

12/31/2036

Arch Insurance Company

106,815

6.7%

5/31/2024

3/24/2023

NAP

3/3/2023

NAP

NAP

Yes - AE

12

Loan

1, 4, 12, 19, 28, 33

1

The Widener Building

9/30/2027

Quality Progressions

20,708

4.7%

6/30/2024

3/28/2023

NAP

3/28/2023

NAP

NAP

No

13

Loan

20

1

107 Tom Starling Road

NAP

NAP

NAP

NAP

NAP

6/14/2023

NAP

6/14/2023

NAP

NAP

No

14

Loan

1, 12, 17, 19, 21

1

Oxmoor Center

1/31/2027

H&M

26,894

3.0%

1/31/2024

4/3/2023

NAP

4/3/2023

NAP

NAP

Yes - AE

15

Loan

1, 10, 12, 13, 15, 21, 30

1

Heritage Plaza

3/31/2024

S&P Global Inc.

28,560

2.5%

2/28/2029

2/9/2023

NAP

2/8/2023

NAP

NAP

No

16

Loan

2, 6, 10, 16, 19, 29

2

Cosmos Portfolio

16.01

Property

1

121 Morgan Lakes Industrial Blvd

NAP

NAP

NAP

NAP

NAP

3/22/2023

NAP

3/22/2023

NAP

NAP

No

16.02

Property

1

6582 Peachtree Industrial Blvd

NAP

NAP

NAP

NAP

NAP

3/22/2023

NAP

3/22/2023

NAP

NAP

No

17

Loan

4, 5, 12

1

Riverview Tower

6/30/2028

Egerton McAfee Armistead

19,411

5.8%

4/30/2025

5/10/2023

NAP

5/10/2023

NAP

NAP

No

18

Loan

4, 19, 22

1

Museum Tower

5/31/2024

Miami Dade TPO

13,536

5.6%

6/30/2030

2/10/2023

NAP

2/10/2023

NAP

NAP

Yes - AE

19

Loan

6, 12, 16, 22

3

Grogan Portfolio

19.01

Property

1

Sweet Sam's Factory

NAP

NAP

NAP

NAP

NAP

5/25/2023

NAP

5/25/2023

NAP

NAP

No

19.02

Property

1

15 East 76th Street

NAP

NAP

NAP

NAP

NAP

5/25/2023

NAP

5/25/2023

NAP

NAP

No

19.03

Property

1

523B East 85th Street

NAP

NAP

NAP

NAP

NAP

5/25/2023

NAP

5/25/2023

NAP

NAP

No

20

Loan

3, 5, 12, 16, 17, 19, 22

1

RH HQ

NAP

NAP

NAP

NAP

NAP

8/16/2021

NAP

10/31/2022

7/31/2021

12%

No

21

Loan

4, 6, 12, 16, 19, 24

2

Select Parking NYC Portfolio

21.01

Property

1

30, 40 and 60 East 9th Street

NAP

NAP

NAP

NAP

NAP

5/8/2023

NAP

5/8/2023

NAP

NAP

No

21.02

Property

1

260 West 87th Street

NAP

NAP

NAP

NAP

NAP

5/8/2023

NAP

5/8/2023

NAP

NAP

No

22

Loan

5, 6, 12, 13, 29

45

Prime Storage Portfolio #3

22.01

Property

1

Prime Storage Bridgehampton

NAP

NAP

NAP

NAP

NAP

3/20/2023

NAP

3/20/2023

NAP

NAP

No

22.02

Property

1

Prime Storage Bohemia

NAP

NAP

NAP

NAP

NAP

3/20/2023

NAP

3/20/2023

NAP

NAP

No

22.03

Property

1

Prime Storage Westhampton Beach

NAP

NAP

NAP

NAP

NAP

3/20/2023

NAP

3/20/2023

NAP

NAP

No

22.04

Property

1

Prime Storage Queens Jamaica

NAP

NAP

NAP

NAP

NAP

3/20/2023

NAP

3/20/2023

NAP

NAP

No

22.05

Property

1

Prime Storage West Palm Beach

NAP

NAP

NAP

NAP

NAP

3/20/2023

NAP

3/20/2023

NAP

NAP

No

22.06

Property

1

Prime Storage Snellville

NAP

NAP

NAP

NAP

NAP

3/20/2023

NAP

3/20/2023

NAP

NAP

No

22.07

Property

1

Prime Storage Shallotte

NAP

NAP

NAP

NAP

NAP

3/20/2023

NAP

3/20/2023

NAP

NAP

No

22.08

Property

1

Prime Storage Danbury East

NAP

NAP

NAP

NAP

NAP

3/20/2023

NAP

3/20/2023

NAP

NAP

No

22.09

Property

1

Prime Storage Dallas

NAP

NAP

NAP

NAP

NAP

3/20/2023

NAP

3/20/2023

NAP

NAP

No

22.10

Property

1

Prime Storage Bay Shore Pine Aire Dr.

NAP

NAP

NAP

NAP

NAP

3/20/2023

NAP

3/20/2023

NAP

NAP

No

22.11

Property

1

Prime Storage Mesa

NAP

NAP

NAP

NAP

NAP

3/20/2023

NAP

3/20/2023

NAP

NAP

No

22.12

Property

1

Prime Storage Warren

NAP

NAP

NAP

NAP

NAP

3/20/2023

NAP

3/20/2023

NAP

NAP

Yes - AE

22.13

Property

1

Prime Storage Portsmouth

NAP

NAP

NAP

NAP

NAP

3/20/2023

NAP

3/20/2023

NAP

NAP

No

22.14

Property

1

Prime Storage Bolivia

NAP

NAP

NAP

NAP

NAP

3/20/2023

NAP

3/20/2023

NAP

NAP

No

22.15

Property

1

Prime Storage Charlottesville

NAP

NAP

NAP

NAP

NAP

3/20/2023

NAP

3/20/2023

NAP

NAP

No

22.16

Property

1

Prime Storage Clifton

NAP

NAP

NAP

NAP

NAP

3/20/2023

NAP

3/20/2023

NAP

NAP

No

22.17

Property

1

Prime Storage Centereach

NAP

NAP

NAP

NAP

NAP

3/20/2023

NAP

3/20/2023

NAP

NAP

No

22.18

Property

1

Prime Storage Marietta North

NAP

NAP

NAP

NAP

NAP

3/20/2023

NAP

3/20/2023

NAP

NAP

No

22.19

Property

1

Prime Storage Hardeeville

NAP

NAP

NAP

NAP

NAP

3/20/2023

NAP

3/20/2023

NAP

NAP

No

22.20

Property

1

Prime Storage Summerville

NAP

NAP

NAP

NAP

NAP

3/20/2023

NAP

3/20/2023

NAP

NAP

No

22.21

Property

1

Prime Storage Virginia Beach Lynnhaven Pkwy.

NAP

NAP

NAP

NAP

NAP

3/20/2023

NAP

3/20/2023

NAP

NAP

No

22.22

Property

1

Prime Storage Marietta South

NAP

NAP

NAP

NAP

NAP

3/20/2023

NAP

3/20/2023

NAP

NAP

No

22.23

Property

1

Prime Storage Cartersville

NAP

NAP

NAP

NAP

NAP

3/20/2023

NAP

3/20/2023

NAP

NAP

No

22.24

Property

1

Prime Storage Danbury West

NAP

NAP

NAP

NAP

NAP

3/20/2023

NAP

3/20/2023

NAP

NAP

No

22.25

Property

1

Prime Storage Scarborough

NAP

NAP

NAP

NAP

NAP

3/20/2023

NAP

3/20/2023

NAP

NAP

No

22.26

Property

1

Prime Storage Baltimore

NAP

NAP

NAP

NAP

NAP

3/20/2023

NAP

3/20/2023

NAP

NAP

No

22.27

Property

1

Prime Storage Farmingdale

NAP

NAP

NAP

NAP

NAP

3/20/2023

NAP

3/20/2023

NAP

NAP

No

22.28

Property

1

Prime Storage Baltimore - 3500 Wilkens Ave.

NAP

NAP

NAP

NAP

NAP

3/20/2023

NAP

3/20/2023

NAP

NAP

Yes - AE

22.29

Property

1

Prime Storage Glenville

NAP

NAP

NAP

NAP

NAP

3/20/2023

NAP

3/20/2023

NAP

NAP

No

22.30

Property

1

Prime Storage Fishers Ford Dr.

NAP

NAP

NAP

NAP

NAP

3/20/2023

NAP

3/20/2023

NAP

NAP

No

22.31

Property

1

Prime Storage Acworth North

NAP

NAP

NAP

NAP

NAP

3/20/2023

NAP

3/20/2023

NAP

NAP

No

22.32

Property

1

Prime Storage Rock Hill

NAP

NAP

NAP

NAP

NAP

3/20/2023

NAP

3/20/2023

NAP

NAP

No

22.33

Property

1

Prime Storage Simpsonville

NAP

NAP

NAP

NAP

NAP

3/20/2023

NAP

3/20/2023

NAP

NAP

No

22.34

Property

1

Prime Storage Acworth East

NAP

NAP

NAP

NAP

NAP

3/20/2023

NAP

3/20/2023

NAP

NAP

No

22.35

Property

1

Prime Storage Saco

NAP

NAP

NAP

NAP

NAP

3/20/2023

NAP

3/20/2023

NAP

NAP

No

22.36

Property

1

Prime Storage Baltimore North Point Blvd.

NAP

NAP

NAP

NAP

NAP

3/20/2023

NAP

3/20/2023

NAP

NAP

No

22.37

Property

1

Prime Storage Green Island

NAP

NAP

NAP

NAP

NAP

3/20/2023

NAP

3/20/2023

NAP

NAP

Yes - AE

22.38

Property

1

Prime Storage North Fort Myers

NAP

NAP

NAP

NAP

NAP

3/20/2023

NAP

3/20/2023

NAP

NAP

Yes - AE

22.39

Property

1

Prime Storage Marietta

NAP

NAP

NAP

NAP

NAP

3/20/2023

NAP

3/20/2023

NAP

NAP

No

22.40

Property

1

Prime Storage Midland

NAP

NAP

NAP

NAP

NAP

3/20/2023

NAP

3/20/2023

NAP

NAP

No

22.41

Property

1

Prime Storage Lansing

NAP

NAP

NAP

NAP

NAP

3/20/2023

NAP

3/20/2023

NAP

NAP

No

22.42

Property

1

Prime Storage Acworth West

NAP

NAP

NAP

NAP

NAP

3/20/2023

NAP

3/20/2023

NAP

NAP

No

22.43

Property

1

Prime Storage Boardman

NAP

NAP

NAP

NAP

NAP

3/20/2023

NAP

3/20/2023

NAP

NAP

No

22.44

Property

1

Prime Storage North Miami

NAP

NAP

NAP

NAP

NAP

3/20/2023

NAP

3/20/2023

NAP

NAP

Yes - AE

22.45

Property

1

Prime Storage Greenville Butler Rd.

NAP

NAP

NAP

NAP

NAP

3/20/2023

NAP

3/20/2023

NAP

NAP

No

23

Loan

1

Eden Apartments

NAP

NAP

NAP

NAP

NAP

4/27/2023

NAP

6/6/2023

NAP

NAP

Yes - AE

24

Loan

1, 5, 10, 12, 13, 17, 19, 20, 21, 26, 27, 30

1

Green Acres

1/31/2027

KOHL'S

116,392

5.6%

1/31/2031

12/20/2022

NAP

12/20/2022

NAP

NAP

Yes - AE

25

Loan

6, 20

2

Little Rock Self Storage Portfolio

25.01

Property

1

8015 Geyer Springs Road

NAP

NAP

NAP

NAP

NAP

5/9/2023

NAP

5/24/2023

NAP

NAP

No

25.02

Property

1

6100 Leon Circle

NAP

NAP

NAP

NAP

NAP

5/9/2023

NAP

5/24/2023

NAP

NAP

No

26

Loan

1

Mini U Storage - Tomball

NAP

NAP

NAP

NAP

NAP

3/29/2023

NAP

3/29/2023

NAP

NAP

No

27

Loan

1

Marco MHC

NAP

NAP

NAP

NAP

NAP

5/23/2023

2/16/2023

5/9/2023

NAP

NAP

No

A-9

BMO 2023 5C1

Annex A-1

Loan ID Number

Loan / Property Flag

Footnotes (for Loan and Property Information)

# of Properties

Property Name

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 ($)

17

18

19

18

19

18

1

Loan

1, 10, 12, 27

1

Gateway Center South

Fee

NAP

NAP

NAP

NAP

0

436,789

0

Springing

0

2

Loan

1, 12, 13, 21, 23, 24

1

11 West 42nd Street

Fee

NAP

NAP

NAP

NAP

0

Springing

0

Springing

0

3

Loan

1, 5, 12, 18, 19, 20, 24

1

Short Pump Town Center

Fee

NAP

NAP

NAP

NAP

0

Springing

0

Springing

0

4

Loan

7, 16, 26, 29

1

Brookview Commons

Fee

NAP

NAP

NAP

NAP

27,566

29,689

0

12,391

0

5

Loan

1, 2, 6, 12, 16, 19, 20, 22, 33

7

ICP/IRG Holdings Portfolio

907,455

247,190

0

Springing

0

5.01

Property

1

Romulus - Huron

Fee

NAP

NAP

NAP

NAP

5.02

Property

1

Warren Perkins Jones

Fee

NAP

NAP

NAP

NAP

5.03

Property

1

Cleveland American Industrial

Fee

NAP

NAP

NAP

NAP

5.04

Property

1

Cleveland American Office

Fee

NAP

NAP

NAP

NAP

5.05

Property

1

Miles North Randall

Fee

NAP

NAP

NAP

NAP

5.06

Property

1

Invacare

Fee

NAP

NAP

NAP

NAP

5.07

Property

1

Stop Eight Vandalia

Fee

NAP

NAP

NAP

NAP

6

Loan

2, 12, 13, 16, 19

1

California High Tech Logistics

Fee

NAP

NAP

NAP

NAP

88,186

88,186

22,717

11,359

0

7

Loan

1, 12, 23, 30

1

Cumberland Mall

Fee

NAP

NAP

NAP

NAP

0

Springing

0

Springing

0

8

Loan

2, 6, 12, 13

5

Gilardian NYC Portfolio II

0

216,566

126,563

Springing

0

8.01

Property

1

2410-2418 Broadway

Fee

NAP

NAP

NAP

NAP

8.02

Property

1

245 West 51st Street

Fee

NAP

NAP

NAP

NAP

8.03

Property

1

324-326 West 84th Street

Fee

NAP

NAP

NAP

NAP

8.04

Property

1

107 West 68th Street

Fee

NAP

NAP

NAP

NAP

8.05

Property

1

1443-1447 York Avenue

Fee

NAP

NAP

NAP

NAP

9

Loan

2, 17, 19, 21, 27, 29

1

Four Points Flushing

Fee

NAP

NAP

NAP

NAP

215,674

107,837

80,564

16,113

0

10

Loan

1, 5, 10, 12, 13, 19, 23, 30, 31

1

Back Bay Office

Fee

NAP

NAP

NAP

NAP

0

Springing

0

Springing

0

11

Loan

1, 4, 12, 13, 20, 33

1

Harborside 2-3

Fee

NAP

NAP

NAP

NAP

696,822

696,822

272,774

136,387

8,000,000

12

Loan

1, 4, 12, 19, 28, 33

1

The Widener Building

Fee

NAP

NAP

NAP

NAP

589,478

117,896

50,057

12,514

0

13

Loan

20

1

107 Tom Starling Road

Fee

NAP

NAP

NAP

NAP

174,308

15,846

0

Springing

0

14

Loan

1, 12, 17, 19, 21

1

Oxmoor Center

Leasehold

9/30/2057

Two, 20-year options

1,209,920

Yes

0

Springing

0

Springing

0

15

Loan

1, 10, 12, 13, 15, 21, 30

1

Heritage Plaza

Fee

NAP

NAP

NAP

NAP

0

Springing

0

Springing

0

16

Loan

2, 6, 10, 16, 19, 29

2

Cosmos Portfolio

114,738

16,391

113,212

9,434

0

16.01

Property

1

121 Morgan Lakes Industrial Blvd

Fee

NAP

NAP

NAP

NAP

16.02

Property

1

6582 Peachtree Industrial Blvd

Fee

NAP

NAP

NAP

NAP

17

Loan

4, 5, 12

1

Riverview Tower

Fee

NAP

NAP

NAP

NAP

287,922

47,987

0

Springing

0

18

Loan

4, 19, 22

1

Museum Tower

Fee

NAP

NAP

NAP

NAP

559,746

93,291

183

183

0

19

Loan

6, 12, 16, 22

3

Grogan Portfolio

47,988

23,994

16,944

8,472

0

19.01

Property

1

Sweet Sam's Factory

Fee

NAP

NAP

NAP

NAP

19.02

Property

1

15 East 76th Street

Fee

NAP

NAP

NAP

NAP

19.03

Property

1

523B East 85th Street

Fee

NAP

NAP

NAP

NAP

20

Loan

3, 5, 12, 16, 17, 19, 22

1

RH HQ

Leasehold

12/12/2120

None

859,464

Yes

0

Springing

0

Springing

0

21

Loan

4, 6, 12, 16, 19, 24

2

Select Parking NYC Portfolio

0

Springing

0

Springing

27,500

21.01

Property

1

30, 40 and 60 East 9th Street

Fee

NAP

NAP

NAP

NAP

21.02

Property

1

260 West 87th Street

Fee

NAP

NAP

NAP

NAP

22

Loan

5, 6, 12, 13, 29

45

Prime Storage Portfolio #3

1,212,979

404,326

0

0

0

22.01

Property

1

Prime Storage Bridgehampton

Fee

NAP

NAP

NAP

NAP

22.02

Property

1

Prime Storage Bohemia

Fee

NAP

NAP

NAP

NAP

22.03

Property

1

Prime Storage Westhampton Beach

Fee

NAP

NAP

NAP

NAP

22.04

Property

1

Prime Storage Queens Jamaica

Fee

NAP

NAP

NAP

NAP

22.05

Property

1

Prime Storage West Palm Beach

Fee

NAP

NAP

NAP

NAP

22.06

Property

1

Prime Storage Snellville

Fee

NAP

NAP

NAP

NAP

22.07

Property

1

Prime Storage Shallotte

Fee

NAP

NAP

NAP

NAP

22.08

Property

1

Prime Storage Danbury East

Fee

NAP

NAP

NAP

NAP

22.09

Property

1

Prime Storage Dallas

Fee

NAP

NAP

NAP

NAP

22.10

Property

1

Prime Storage Bay Shore Pine Aire Dr.

Fee

NAP

NAP

NAP

NAP

22.11

Property

1

Prime Storage Mesa

Fee

NAP

NAP

NAP

NAP

22.12

Property

1

Prime Storage Warren

Fee

NAP

NAP

NAP

NAP

22.13

Property

1

Prime Storage Portsmouth

Fee

NAP

NAP

NAP

NAP

22.14

Property

1

Prime Storage Bolivia

Fee

NAP

NAP

NAP

NAP

22.15

Property

1

Prime Storage Charlottesville

Fee

NAP

NAP

NAP

NAP

22.16

Property

1

Prime Storage Clifton

Fee

NAP

NAP

NAP

NAP

22.17

Property

1

Prime Storage Centereach

Fee

NAP

NAP

NAP

NAP

22.18

Property

1

Prime Storage Marietta North

Fee

NAP

NAP

NAP

NAP

22.19

Property

1

Prime Storage Hardeeville

Fee

NAP

NAP

NAP

NAP

22.20

Property

1

Prime Storage Summerville

Fee

NAP

NAP

NAP

NAP

22.21

Property

1

Prime Storage Virginia Beach Lynnhaven Pkwy.

Fee

NAP

NAP

NAP

NAP

22.22

Property

1

Prime Storage Marietta South

Fee

NAP

NAP

NAP

NAP

22.23

Property

1

Prime Storage Cartersville

Fee

NAP

NAP

NAP

NAP

22.24

Property

1

Prime Storage Danbury West

Fee

NAP

NAP

NAP

NAP

22.25

Property

1

Prime Storage Scarborough

Fee

NAP

NAP

NAP

NAP

22.26

Property

1

Prime Storage Baltimore

Fee

NAP

NAP

NAP

NAP

22.27

Property

1

Prime Storage Farmingdale

Fee

NAP

NAP

NAP

NAP

22.28

Property

1

Prime Storage Baltimore - 3500 Wilkens Ave.

Fee

NAP

NAP

NAP

NAP

22.29

Property

1

Prime Storage Glenville

Fee

NAP

NAP

NAP

NAP

22.30

Property

1

Prime Storage Fishers Ford Dr.

Fee

NAP

NAP

NAP

NAP

22.31

Property

1

Prime Storage Acworth North

Fee

NAP

NAP

NAP

NAP

22.32

Property

1

Prime Storage Rock Hill

Fee

NAP

NAP

NAP

NAP

22.33

Property

1

Prime Storage Simpsonville

Fee

NAP

NAP

NAP

NAP

22.34

Property

1

Prime Storage Acworth East

Fee

NAP

NAP

NAP

NAP

22.35

Property

1

Prime Storage Saco

Fee

NAP

NAP

NAP

NAP

22.36

Property

1

Prime Storage Baltimore North Point Blvd.

Fee

NAP

NAP

NAP

NAP

22.37

Property

1

Prime Storage Green Island

Fee

NAP

NAP

NAP

NAP

22.38

Property

1

Prime Storage North Fort Myers

Fee

NAP

NAP

NAP

NAP

22.39

Property

1

Prime Storage Marietta

Fee

NAP

NAP

NAP

NAP

22.40

Property

1

Prime Storage Midland

Fee

NAP

NAP

NAP

NAP

22.41

Property

1

Prime Storage Lansing

Fee

NAP

NAP

NAP

NAP

22.42

Property

1

Prime Storage Acworth West

Fee

NAP

NAP

NAP

NAP

22.43

Property

1

Prime Storage Boardman

Fee

NAP

NAP

NAP

NAP

22.44

Property

1

Prime Storage North Miami

Fee

NAP

NAP

NAP

NAP

22.45

Property

1

Prime Storage Greenville Butler Rd.

Fee

NAP

NAP

NAP

NAP

23

Loan

1

Eden Apartments

Fee

NAP

NAP

NAP

NAP

64,157

9,165

33,558

5,593

0

24

Loan

1, 5, 10, 12, 13, 17, 19, 20, 21, 26, 27, 30

1

Green Acres

Fee/Leasehold

8/12/2026

Two, 6-year options

1,080,000

No

0

Springing

0

Springing

0

25

Loan

6, 20

2

Little Rock Self Storage Portfolio

0

6,316

28,519

3,169

0

25.01

Property

1

8015 Geyer Springs Road

Fee

NAP

NAP

NAP

NAP

25.02

Property

1

6100 Leon Circle

Fee

NAP

NAP

NAP

NAP

26

Loan

1

Mini U Storage - Tomball

Fee

NAP

NAP

NAP

NAP

65,925

13,185

14,851

4,950

682

27

Loan

1

Marco MHC

Fee

NAP

NAP

NAP

NAP

17,681

5,894

5,168

1,723

0

A-10

BMO 2023 5C1

Annex A-1

Loan ID Number	Loan / Property Flag	Footnotes (for Loan and Property Information)	# of Properties	Property Name	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 ($)
					19	20	18	19	20	18	19	20	18	18	19
1	Loan	1, 10, 12, 27	1	Gateway Center South	2,959	0	0	29,586	1,000,000	0	0	0	0	0	0
2	Loan	1, 12, 13, 21, 23, 24	1	11 West 42nd Street	Springing	288,170	10,000,000	240,142	0	0	0	0	0	19,165,251	0
3	Loan	1, 5, 12, 18, 19, 20, 24	1	Short Pump Town Center	Springing	254,198	6,639,981	Springing	2,541,976	0	0	0	0	241,234	0
4	Loan	7, 16, 26, 29	1	Brookview Commons	3,300	0	0	0	0	0	0	0	0	8,000,000	0
5	Loan	1, 2, 6, 12, 16, 19, 20, 22, 33	7	ICP/IRG Holdings Portfolio	58,287	0	3,000,000	Springing	1,830,000	0	0	0	851,224	0	0
5.01	Property		1	Romulus - Huron
5.02	Property		1	Warren Perkins Jones
5.03	Property		1	Cleveland American Industrial
5.04	Property		1	Cleveland American Office
5.05	Property		1	Miles North Randall
5.06	Property		1	Invacare
5.07	Property		1	Stop Eight Vandalia
6	Loan	2, 12, 13, 16, 19	1	California High Tech Logistics	4,967	0	0	Springing	0	0	0	0	0	800,000	0
7	Loan	1, 12, 23, 30	1	Cumberland Mall	Springing	353,853	1,987,019	Springing	1,415,412	0	0	0	0	267,919	Springing
8	Loan	2, 6, 12, 13	5	Gilardian NYC Portfolio II	$3,350 (Residential); $155 (Commercial)	0	0	1,034	0	500,000	0	0	112,649	0	0
8.01	Property		1	2410-2418 Broadway
8.02	Property		1	245 West 51st Street
8.03	Property		1	324-326 West 84th Street
8.04	Property		1	107 West 68th Street
8.05	Property		1	1443-1447 York Avenue
9	Loan	2, 17, 19, 21, 27, 29	1	Four Points Flushing	Replacement Reserve ($3,567), FF&E Reserve ($19,829.83)	0	0	0	0	0	0	0	0	69,181	Springing
10	Loan	1, 5, 10, 12, 13, 19, 23, 30, 31	1	Back Bay Office	Springing	0	26,723,400	Springing	0	0	0	0	0	31,137,229	0
11	Loan	1, 4, 12, 13, 20, 33	1	Harborside 2-3	26,650	0	15,000,000	Springing	15,000,000	0	0	0	0	40,614,319	0
12	Loan	1, 4, 12, 19, 28, 33	1	The Widener Building	7,362	0	2,300,000	18,404	0	0	0	0	0	1,166,939	32,768
13	Loan	20	1	107 Tom Starling Road	8,422	0	0	19,140	500,000	0	0	0	0	49,790	0
14	Loan	1, 12, 17, 19, 21	1	Oxmoor Center	Springing	183,389	11,882,926	Springing	1,100,331	0	0	0	0	1,506,022	Springing
15	Loan	1, 10, 12, 13, 15, 21, 30	1	Heritage Plaza	19,303	231,636	5,000,000	144,771	10,000,000	0	0	0	0	10,489,446	0
16	Loan	2, 6, 10, 16, 19, 29	2	Cosmos Portfolio	1,972	0	0	Springing	0	0	0	0	38,250	0	0
16.01	Property		1	121 Morgan Lakes Industrial Blvd
16.02	Property		1	6582 Peachtree Industrial Blvd
17	Loan	4, 5, 12	1	Riverview Tower	5,570	0	1,500,000	Springing	0	0	0	0	11,935	5,399,238	0
18	Loan	4, 19, 22	1	Museum Tower	3,060	0	350,000	20,319	1,000,000	0	0	0	285,064	1,000,000	Springing
19	Loan	6, 12, 16, 22	3	Grogan Portfolio	0	0	0	0	0	0	0	0	0	300,000	0
19.01	Property		1	Sweet Sam's Factory
19.02	Property		1	15 East 76th Street
19.03	Property		1	523B East 85th Street
20	Loan	3, 5, 12, 16, 17, 19, 22	1	RH HQ	Springing	0	0	Springing	0	0	0	0	0	1,080,607	Springing
21	Loan	4, 6, 12, 16, 19, 24	2	Select Parking NYC Portfolio	2,292	27,500	0	0	0	0	0	0	0	12,100	0
21.01	Property		1	30, 40 and 60 East 9th Street
21.02	Property		1	260 West 87th Street
22	Loan	5, 6, 12, 13, 29	45	Prime Storage Portfolio #3	48,584	0	0	0	0	0	0	0	703,313	0	0
22.01	Property		1	Prime Storage Bridgehampton
22.02	Property		1	Prime Storage Bohemia
22.03	Property		1	Prime Storage Westhampton Beach
22.04	Property		1	Prime Storage Queens Jamaica
22.05	Property		1	Prime Storage West Palm Beach
22.06	Property		1	Prime Storage Snellville
22.07	Property		1	Prime Storage Shallotte
22.08	Property		1	Prime Storage Danbury East
22.09	Property		1	Prime Storage Dallas
22.10	Property		1	Prime Storage Bay Shore Pine Aire Dr.
22.11	Property		1	Prime Storage Mesa
22.12	Property		1	Prime Storage Warren
22.13	Property		1	Prime Storage Portsmouth
22.14	Property		1	Prime Storage Bolivia
22.15	Property		1	Prime Storage Charlottesville
22.16	Property		1	Prime Storage Clifton
22.17	Property		1	Prime Storage Centereach
22.18	Property		1	Prime Storage Marietta North
22.19	Property		1	Prime Storage Hardeeville
22.20	Property		1	Prime Storage Summerville
22.21	Property		1	Prime Storage Virginia Beach Lynnhaven Pkwy.
22.22	Property		1	Prime Storage Marietta South
22.23	Property		1	Prime Storage Cartersville
22.24	Property		1	Prime Storage Danbury West
22.25	Property		1	Prime Storage Scarborough
22.26	Property		1	Prime Storage Baltimore
22.27	Property		1	Prime Storage Farmingdale
22.28	Property		1	Prime Storage Baltimore - 3500 Wilkens Ave.
22.29	Property		1	Prime Storage Glenville
22.30	Property		1	Prime Storage Fishers Ford Dr.
22.31	Property		1	Prime Storage Acworth North
22.32	Property		1	Prime Storage Rock Hill
22.33	Property		1	Prime Storage Simpsonville
22.34	Property		1	Prime Storage Acworth East
22.35	Property		1	Prime Storage Saco
22.36	Property		1	Prime Storage Baltimore North Point Blvd.
22.37	Property		1	Prime Storage Green Island
22.38	Property		1	Prime Storage North Fort Myers
22.39	Property		1	Prime Storage Marietta
22.40	Property		1	Prime Storage Midland
22.41	Property		1	Prime Storage Lansing
22.42	Property		1	Prime Storage Acworth West
22.43	Property		1	Prime Storage Boardman
22.44	Property		1	Prime Storage North Miami
22.45	Property		1	Prime Storage Greenville Butler Rd.
23	Loan		1	Eden Apartments	3,163	0	0	0	0	0	0	0	53,672	0	0
24	Loan	1, 5, 10, 12, 13, 17, 19, 20, 21, 26, 27, 30	1	Green Acres	Springing	619,992	4,068,135	0	0	0	0	0	0	743,644	Springing
25	Loan	6, 20	2	Little Rock Self Storage Portfolio	2,393	57,432	0	0	0	0	0	0	550,000	0	0
25.01	Property		1	8015 Geyer Springs Road
25.02	Property		1	6100 Leon Circle
26	Loan		1	Mini U Storage - Tomball	682	0	0	0	0	0	0	0	0	0	0
27	Loan		1	Marco MHC	260	0	0	0	0	0	0	0	0	0	0

A-11

BMO 2023 5C1

Annex A-1

Loan ID Number	Loan / Property Flag	Footnotes (for Loan and Property Information)	# of Properties	Property Name	Other Reserve Description	Other Reserve Cap ($)	Holdback/ Earnout Amount ($)
						20
1	Loan	1, 10, 12, 27	1	Gateway Center South		0	NAP
2	Loan	1, 12, 13, 21, 23, 24	1	11 West 42nd Street	Landlord Obligation Reserve ($13,479,707.20), Free Rent Reserve ($5,685,543.94)	0	NAP
3	Loan	1, 5, 12, 18, 19, 20, 24	1	Short Pump Town Center	Gap Rent Reserve	0	NAP
4	Loan	7, 16, 26, 29	1	Brookview Commons	Earn-out Reserve	0	8,000,000
5	Loan	1, 2, 6, 12, 16, 19, 20, 22, 33	7	ICP/IRG Holdings Portfolio		0	NAP
5.01	Property		1	Romulus - Huron
5.02	Property		1	Warren Perkins Jones
5.03	Property		1	Cleveland American Industrial
5.04	Property		1	Cleveland American Office
5.05	Property		1	Miles North Randall
5.06	Property		1	Invacare
5.07	Property		1	Stop Eight Vandalia
6	Loan	2, 12, 13, 16, 19	1	California High Tech Logistics	Lease Security Deposit Reserve	0	NAP
7	Loan	1, 12, 23, 30	1	Cumberland Mall	Gap Rent Reserve (Upfront: $267,919), Anchor Tenant Reserve (Monthly: Springing)	0	NAP
8	Loan	2, 6, 12, 13	5	Gilardian NYC Portfolio II		0	NAP
8.01	Property		1	2410-2418 Broadway
8.02	Property		1	245 West 51st Street
8.03	Property		1	324-326 West 84th Street
8.04	Property		1	107 West 68th Street
8.05	Property		1	1443-1447 York Avenue
9	Loan	2, 17, 19, 21, 27, 29	1	Four Points Flushing	Condominium Common Charge (Upfront: $69,181.48; Monthly Springing), PIP Reserve (Monthly: Springing)	0	NAP
10	Loan	1, 5, 10, 12, 13, 19, 23, 30, 31	1	Back Bay Office	Outstanding TI/LC Reserve ($21,283,070), Free Rent Reserve ($9,854,159)	0	NAP
11	Loan	1, 4, 12, 13, 20, 33	1	Harborside 2-3	Sea Wall Repair Reserve ($25,000,000), Unfunded Obligations Reserve ($14,195,734), Elevator Modernization Reserve ($1,418,585.35)	0	NAP
12	Loan	1, 4, 12, 19, 28, 33	1	The Widener Building	Outstanding TI/LC Reserve (Upfront: $1,053,949.92), Municipal Authority TI/LC Reserve (Monthly: $32,768.23), Free Rent Holdback Reserve (Upfront: $112,988.83)	0	NAP
13	Loan	20	1	107 Tom Starling Road	Unfunded LL Work	0	NAP
14	Loan	1, 12, 17, 19, 21	1	Oxmoor Center	Gap Rent Reserve (Upfront: $1,506,022), Ground Rent Reserve (Monthly: Springing)	0	NAP
15	Loan	1, 10, 12, 13, 15, 21, 30	1	Heritage Plaza	Outstanding TI/LC Reserve ($10,303,667), Free Rent Reserve ($185,778.77)	0	NAP
16	Loan	2, 6, 10, 16, 19, 29	2	Cosmos Portfolio		0	NAP
16.01	Property		1	121 Morgan Lakes Industrial Blvd
16.02	Property		1	6582 Peachtree Industrial Blvd
17	Loan	4, 5, 12	1	Riverview Tower	Outstanding TI/LC Reserve ($4,317,292), Rent Concessions Reserve ($1,081,946)	0	NAP
18	Loan	4, 19, 22	1	Museum Tower	Mana TI Reserve (Upfront: $1,000,000), SWM Reserve (Monthly: Springing)	0	NAP
19	Loan	6, 12, 16, 22	3	Grogan Portfolio	Amended CO Reserve	0	NAP
19.01	Property		1	Sweet Sam's Factory
19.02	Property		1	15 East 76th Street
19.03	Property		1	523B East 85th Street
20	Loan	3, 5, 12, 16, 17, 19, 22	1	RH HQ	Amortized TI Reserve (Upfront: $1,080,606.72), Ground Rent Reserve (Monthly: Springing)	0	NAP
21	Loan	4, 6, 12, 16, 19, 24	2	Select Parking NYC Portfolio	Condominium Assessment Reserve	12,100	NAP
21.01	Property		1	30, 40 and 60 East 9th Street
21.02	Property		1	260 West 87th Street
22	Loan	5, 6, 12, 13, 29	45	Prime Storage Portfolio #3	NAP	0	NAP
22.01	Property		1	Prime Storage Bridgehampton
22.02	Property		1	Prime Storage Bohemia
22.03	Property		1	Prime Storage Westhampton Beach
22.04	Property		1	Prime Storage Queens Jamaica
22.05	Property		1	Prime Storage West Palm Beach
22.06	Property		1	Prime Storage Snellville
22.07	Property		1	Prime Storage Shallotte
22.08	Property		1	Prime Storage Danbury East
22.09	Property		1	Prime Storage Dallas
22.10	Property		1	Prime Storage Bay Shore Pine Aire Dr.
22.11	Property		1	Prime Storage Mesa
22.12	Property		1	Prime Storage Warren
22.13	Property		1	Prime Storage Portsmouth
22.14	Property		1	Prime Storage Bolivia
22.15	Property		1	Prime Storage Charlottesville
22.16	Property		1	Prime Storage Clifton
22.17	Property		1	Prime Storage Centereach
22.18	Property		1	Prime Storage Marietta North
22.19	Property		1	Prime Storage Hardeeville
22.20	Property		1	Prime Storage Summerville
22.21	Property		1	Prime Storage Virginia Beach Lynnhaven Pkwy.
22.22	Property		1	Prime Storage Marietta South
22.23	Property		1	Prime Storage Cartersville
22.24	Property		1	Prime Storage Danbury West
22.25	Property		1	Prime Storage Scarborough
22.26	Property		1	Prime Storage Baltimore
22.27	Property		1	Prime Storage Farmingdale
22.28	Property		1	Prime Storage Baltimore - 3500 Wilkens Ave.
22.29	Property		1	Prime Storage Glenville
22.30	Property		1	Prime Storage Fishers Ford Dr.
22.31	Property		1	Prime Storage Acworth North
22.32	Property		1	Prime Storage Rock Hill
22.33	Property		1	Prime Storage Simpsonville
22.34	Property		1	Prime Storage Acworth East
22.35	Property		1	Prime Storage Saco
22.36	Property		1	Prime Storage Baltimore North Point Blvd.
22.37	Property		1	Prime Storage Green Island
22.38	Property		1	Prime Storage North Fort Myers
22.39	Property		1	Prime Storage Marietta
22.40	Property		1	Prime Storage Midland
22.41	Property		1	Prime Storage Lansing
22.42	Property		1	Prime Storage Acworth West
22.43	Property		1	Prime Storage Boardman
22.44	Property		1	Prime Storage North Miami
22.45	Property		1	Prime Storage Greenville Butler Rd.
23	Loan		1	Eden Apartments		0	NAP
24	Loan	1, 5, 10, 12, 13, 17, 19, 20, 21, 26, 27, 30	1	Green Acres	Gap Rent Reserve (Upfront: $743,643.75), Rollover Reserve (Monthly: Springing)	2,043,342	NAP
25	Loan	6, 20	2	Little Rock Self Storage Portfolio	NAP	0	NAP
25.01	Property		1	8015 Geyer Springs Road
25.02	Property		1	6100 Leon Circle
26	Loan		1	Mini U Storage - Tomball		0	NAP
27	Loan		1	Marco MHC		0	NAP

A-12

BMO 2023 5C1

Annex A-1

Loan ID Number	Loan / Property Flag	Footnotes (for Loan and Property Information)	# of Properties	Property Name	Holdback/ Earnout Description
1	Loan	1, 10, 12, 27	1	Gateway Center South	NAP
2	Loan	1, 12, 13, 21, 23, 24	1	11 West 42nd Street	NAP
3	Loan	1, 5, 12, 18, 19, 20, 24	1	Short Pump Town Center	NAP
4	Loan	7, 16, 26, 29	1	Brookview Commons	No disbursement of the Earnout Reserve Funds shall be requested by Borrower or disbursed by Lender prior to the earlier to occur of (i) September 5, 2023 and (ii) the final Securitization involving the Loan, and (y) no Earnout Reserve Funds may be requested by Borrower or will be disbursed by Lender after the Earnout Reserve Expiration Date and any Earnout Reserve Funds on deposit in the Earnout Reserve Subaccount as of the Earnout Reserve Expiration Date will be held as additional collateral for the Loan.
5	Loan	1, 2, 6, 12, 16, 19, 20, 22, 33	7	ICP/IRG Holdings Portfolio	NAP
5.01	Property		1	Romulus - Huron
5.02	Property		1	Warren Perkins Jones
5.03	Property		1	Cleveland American Industrial
5.04	Property		1	Cleveland American Office
5.05	Property		1	Miles North Randall
5.06	Property		1	Invacare
5.07	Property		1	Stop Eight Vandalia
6	Loan	2, 12, 13, 16, 19	1	California High Tech Logistics	NAP
7	Loan	1, 12, 23, 30	1	Cumberland Mall	NAP
8	Loan	2, 6, 12, 13	5	Gilardian NYC Portfolio II	NAP
8.01	Property		1	2410-2418 Broadway
8.02	Property		1	245 West 51st Street
8.03	Property		1	324-326 West 84th Street
8.04	Property		1	107 West 68th Street
8.05	Property		1	1443-1447 York Avenue
9	Loan	2, 17, 19, 21, 27, 29	1	Four Points Flushing	NAP
10	Loan	1, 5, 10, 12, 13, 19, 23, 30, 31	1	Back Bay Office	NAP
11	Loan	1, 4, 12, 13, 20, 33	1	Harborside 2-3	NAP
12	Loan	1, 4, 12, 19, 28, 33	1	The Widener Building	NAP
13	Loan	20	1	107 Tom Starling Road	NAP
14	Loan	1, 12, 17, 19, 21	1	Oxmoor Center	NAP
15	Loan	1, 10, 12, 13, 15, 21, 30	1	Heritage Plaza	NAP
16	Loan	2, 6, 10, 16, 19, 29	2	Cosmos Portfolio	NAP
16.01	Property		1	121 Morgan Lakes Industrial Blvd
16.02	Property		1	6582 Peachtree Industrial Blvd
17	Loan	4, 5, 12	1	Riverview Tower	NAP
18	Loan	4, 19, 22	1	Museum Tower	NAP
19	Loan	6, 12, 16, 22	3	Grogan Portfolio	NAP
19.01	Property		1	Sweet Sam's Factory
19.02	Property		1	15 East 76th Street
19.03	Property		1	523B East 85th Street
20	Loan	3, 5, 12, 16, 17, 19, 22	1	RH HQ	NAP
21	Loan	4, 6, 12, 16, 19, 24	2	Select Parking NYC Portfolio	NAP
21.01	Property		1	30, 40 and 60 East 9th Street
21.02	Property		1	260 West 87th Street
22	Loan	5, 6, 12, 13, 29	45	Prime Storage Portfolio #3	NAP
22.01	Property		1	Prime Storage Bridgehampton
22.02	Property		1	Prime Storage Bohemia
22.03	Property		1	Prime Storage Westhampton Beach
22.04	Property		1	Prime Storage Queens Jamaica
22.05	Property		1	Prime Storage West Palm Beach
22.06	Property		1	Prime Storage Snellville
22.07	Property		1	Prime Storage Shallotte
22.08	Property		1	Prime Storage Danbury East
22.09	Property		1	Prime Storage Dallas
22.10	Property		1	Prime Storage Bay Shore Pine Aire Dr.
22.11	Property		1	Prime Storage Mesa
22.12	Property		1	Prime Storage Warren
22.13	Property		1	Prime Storage Portsmouth
22.14	Property		1	Prime Storage Bolivia
22.15	Property		1	Prime Storage Charlottesville
22.16	Property		1	Prime Storage Clifton
22.17	Property		1	Prime Storage Centereach
22.18	Property		1	Prime Storage Marietta North
22.19	Property		1	Prime Storage Hardeeville
22.20	Property		1	Prime Storage Summerville
22.21	Property		1	Prime Storage Virginia Beach Lynnhaven Pkwy.
22.22	Property		1	Prime Storage Marietta South
22.23	Property		1	Prime Storage Cartersville
22.24	Property		1	Prime Storage Danbury West
22.25	Property		1	Prime Storage Scarborough
22.26	Property		1	Prime Storage Baltimore
22.27	Property		1	Prime Storage Farmingdale
22.28	Property		1	Prime Storage Baltimore - 3500 Wilkens Ave.
22.29	Property		1	Prime Storage Glenville
22.30	Property		1	Prime Storage Fishers Ford Dr.
22.31	Property		1	Prime Storage Acworth North
22.32	Property		1	Prime Storage Rock Hill
22.33	Property		1	Prime Storage Simpsonville
22.34	Property		1	Prime Storage Acworth East
22.35	Property		1	Prime Storage Saco
22.36	Property		1	Prime Storage Baltimore North Point Blvd.
22.37	Property		1	Prime Storage Green Island
22.38	Property		1	Prime Storage North Fort Myers
22.39	Property		1	Prime Storage Marietta
22.40	Property		1	Prime Storage Midland
22.41	Property		1	Prime Storage Lansing
22.42	Property		1	Prime Storage Acworth West
22.43	Property		1	Prime Storage Boardman
22.44	Property		1	Prime Storage North Miami
22.45	Property		1	Prime Storage Greenville Butler Rd.
23	Loan		1	Eden Apartments	NAP
24	Loan	1, 5, 10, 12, 13, 17, 19, 20, 21, 26, 27, 30	1	Green Acres	NAP
25	Loan	6, 20	2	Little Rock Self Storage Portfolio	NAP
25.01	Property		1	8015 Geyer Springs Road
25.02	Property		1	6100 Leon Circle
26	Loan		1	Mini U Storage - Tomball	NAP
27	Loan		1	Marco MHC	NAP

A-13

BMO 2023 5C1

Annex A-1

Loan ID Number	Loan / Property Flag	Footnotes (for Loan and Property Information)	# of Properties	Property Name	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 ($)	Total Trust and Non-Trust Pari Passu Companion Loan Monthly Debt Service ($)
					26	26							9	9
1	Loan	1, 10, 12, 27	1	Gateway Center South	Hard	Springing	Yes	No	Yes	Yes	62,500,000	100,000,000	580,704.86	943,645.40
2	Loan	1, 12, 13, 21, 23, 24	1	11 West 42nd Street	Hard	Springing	Yes	Yes	Yes	No	62,500,000	211,500,000	1,329,512.50	1,722,394.44
3	Loan	1, 5, 12, 18, 19, 20, 24	1	Short Pump Town Center	Hard	Springing	Yes	Yes	Yes	No	62,500,000	117,500,000	824,293.78	1,262,747.92
4	Loan	7, 16, 26, 29	1	Brookview Commons	NAP	NAP	NAP	NAP	No	NAP	NAP	NAP	NAP	NAP
5	Loan	1, 2, 6, 12, 16, 19, 20, 22, 33	7	ICP/IRG Holdings Portfolio	Hard	Springing	Yes	Yes	Yes	No	52,800,000	127,200,000	789,920.84	1,117,812.51
5.01	Property		1	Romulus - Huron
5.02	Property		1	Warren Perkins Jones
5.03	Property		1	Cleveland American Industrial
5.04	Property		1	Cleveland American Office
5.05	Property		1	Miles North Randall
5.06	Property		1	Invacare
5.07	Property		1	Stop Eight Vandalia
6	Loan	2, 12, 13, 16, 19	1	California High Tech Logistics	Springing	Springing	Yes	Yes	Yes	Yes	52,000,000	18,000,000	123,522.08	480,363.66
7	Loan	1, 12, 23, 30	1	Cumberland Mall	Hard	Springing	Yes	No	Yes	No	52,000,000	128,000,000	851,125.92	1,196,895.83
8	Loan	2, 6, 12, 13	5	Gilardian NYC Portfolio II	Soft (Residential); Hard (Commercial)	Springing	Yes	Yes	Yes	Yes	41,000,000	13,000,000	45,996.07	191,060.60
8.01	Property		1	2410-2418 Broadway
8.02	Property		1	245 West 51st Street
8.03	Property		1	324-326 West 84th Street
8.04	Property		1	107 West 68th Street
8.05	Property		1	1443-1447 York Avenue
9	Loan	2, 17, 19, 21, 27, 29	1	Four Points Flushing	Springing	Springing	Yes	No	No	NAP	NAP	NAP	NAP	NAP
10	Loan	1, 5, 10, 12, 13, 19, 23, 30, 31	1	Back Bay Office	Hard	Springing	Yes	Yes	Yes	No	30,000,000	445,000,000	2,367,945.94	2,527,582.75
11	Loan	1, 4, 12, 13, 20, 33	1	Harborside 2-3	Hard	Springing	Yes	No	Yes	No	30,000,000	195,000,000	962,180.55	1,110,208.33
12	Loan	1, 4, 12, 19, 28, 33	1	The Widener Building	Hard	In Place	Yes	Yes	Yes	Yes	27,000,000	23,000,000	149,341.61	324,655.67
13	Loan	20	1	107 Tom Starling Road	Springing	Springing	Yes	Yes	No	NAP	NAP	NAP	NAP	NAP
14	Loan	1, 12, 17, 19, 21	1	Oxmoor Center	Hard	Springing	Yes	Yes	Yes	No	22,500,000	67,500,000	463,093.75	617,458.33
15	Loan	1, 10, 12, 13, 15, 21, 30	1	Heritage Plaza	Hard	Springing	Yes	Yes	Yes	No	20,000,000	152,000,000	979,889.82	1,108,822.69
16	Loan	2, 6, 10, 16, 19, 29	2	Cosmos Portfolio	Springing	Springing	Yes	Yes	No	No	NAP	NAP	NAP	NAP
16.01	Property		1	121 Morgan Lakes Industrial Blvd
16.02	Property		1	6582 Peachtree Industrial Blvd
17	Loan	4, 5, 12	1	Riverview Tower	Hard	Springing	Yes	Yes	Yes	Yes	17,592,102	9,995,512	73,375.76	202,517.10
18	Loan	4, 19, 22	1	Museum Tower	Hard	Springing	Yes	Yes	Yes	No	17,000,000	30,000,000	165,922.92	259,945.90
19	Loan	6, 12, 16, 22	3	Grogan Portfolio	Soft	Springing	Yes	Yes	No	NAP	NAP	NAP	NAP	NAP
19.01	Property		1	Sweet Sam's Factory
19.02	Property		1	15 East 76th Street
19.03	Property		1	523B East 85th Street
20	Loan	3, 5, 12, 16, 17, 19, 22	1	RH HQ	Hard	In Place	Yes	Yes	Yes	No	14,000,000	15,000,000	68,184.02	131,822.45
21	Loan	4, 6, 12, 16, 19, 24	2	Select Parking NYC Portfolio	Hard	In Place	Yes	Yes	Yes	No	10,000,000	34,000,000	227,229.39	294,061.57
21.01	Property		1	30, 40 and 60 East 9th Street
21.02	Property		1	260 West 87th Street
22	Loan	5, 6, 12, 13, 29	45	Prime Storage Portfolio #3	Soft	Springing	Yes	No	Yes	No	10,000,000	395,870,000	2,137,285.64	2,191,275.22
22.01	Property		1	Prime Storage Bridgehampton
22.02	Property		1	Prime Storage Bohemia
22.03	Property		1	Prime Storage Westhampton Beach
22.04	Property		1	Prime Storage Queens Jamaica
22.05	Property		1	Prime Storage West Palm Beach
22.06	Property		1	Prime Storage Snellville
22.07	Property		1	Prime Storage Shallotte
22.08	Property		1	Prime Storage Danbury East
22.09	Property		1	Prime Storage Dallas
22.10	Property		1	Prime Storage Bay Shore Pine Aire Dr.
22.11	Property		1	Prime Storage Mesa
22.12	Property		1	Prime Storage Warren
22.13	Property		1	Prime Storage Portsmouth
22.14	Property		1	Prime Storage Bolivia
22.15	Property		1	Prime Storage Charlottesville
22.16	Property		1	Prime Storage Clifton
22.17	Property		1	Prime Storage Centereach
22.18	Property		1	Prime Storage Marietta North
22.19	Property		1	Prime Storage Hardeeville
22.20	Property		1	Prime Storage Summerville
22.21	Property		1	Prime Storage Virginia Beach Lynnhaven Pkwy.
22.22	Property		1	Prime Storage Marietta South
22.23	Property		1	Prime Storage Cartersville
22.24	Property		1	Prime Storage Danbury West
22.25	Property		1	Prime Storage Scarborough
22.26	Property		1	Prime Storage Baltimore
22.27	Property		1	Prime Storage Farmingdale
22.28	Property		1	Prime Storage Baltimore - 3500 Wilkens Ave.
22.29	Property		1	Prime Storage Glenville
22.30	Property		1	Prime Storage Fishers Ford Dr.
22.31	Property		1	Prime Storage Acworth North
22.32	Property		1	Prime Storage Rock Hill
22.33	Property		1	Prime Storage Simpsonville
22.34	Property		1	Prime Storage Acworth East
22.35	Property		1	Prime Storage Saco
22.36	Property		1	Prime Storage Baltimore North Point Blvd.
22.37	Property		1	Prime Storage Green Island
22.38	Property		1	Prime Storage North Fort Myers
22.39	Property		1	Prime Storage Marietta
22.40	Property		1	Prime Storage Midland
22.41	Property		1	Prime Storage Lansing
22.42	Property		1	Prime Storage Acworth West
22.43	Property		1	Prime Storage Boardman
22.44	Property		1	Prime Storage North Miami
22.45	Property		1	Prime Storage Greenville Butler Rd.
23	Loan		1	Eden Apartments	Springing	Springing	Yes	No	No	No	NAP	NAP	NAP	NAP
24	Loan	1, 5, 10, 12, 13, 17, 19, 20, 21, 26, 27, 30	1	Green Acres	Hard	Springing	Yes	Yes	Yes	No	5,500,000	364,500,000	1,816,707.65	1,844,120.25
25	Loan	6, 20	2	Little Rock Self Storage Portfolio	Springing	Springing	Yes	No	No	NAP	NAP	NAP	NAP	NAP
25.01	Property		1	8015 Geyer Springs Road
25.02	Property		1	6100 Leon Circle
26	Loan		1	Mini U Storage - Tomball	Springing	Springing	Yes	No	No	NAP	NAP	NAP	NAP	NAP
27	Loan		1	Marco MHC	Springing	Springing	Yes	No	No	NAP	NAP	NAP	NAP	NAP

A-14

BMO 2023 5C1

Annex A-1

Loan ID Number	Loan / Property Flag	Footnotes (for Loan and Property Information)	# of Properties	Property Name	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 (%)
								9		13					9
1	Loan	1, 10, 12, 27	1	Gateway Center South	NAP	NAP	162,500,000	943,645.40	59.9%	1.21	8.5%	NAP	NAP	NAP	NAP	NAP
2	Loan	1, 12, 13, 21, 23, 24	1	11 West 42nd Street	NAP	NAP	274,000,000	1,722,394.44	49.4%	1.39	11.6%	56,000,000	14.00000%	330,000,000	2,384,801.85	59.5%
3	Loan	1, 5, 12, 18, 19, 20, 24	1	Short Pump Town Center	NAP	NAP	180,000,000	1,262,747.92	47.6%	1.61	14.3%	NAP	NAP	NAP	NAP	NAP
4	Loan	7, 16, 26, 29	1	Brookview Commons	NAP	NAP	NAP	NAP	NAP	NAP	NAP	NAP	NAP	NAP	NAP	NAP
5	Loan	1, 2, 6, 12, 16, 19, 20, 22, 33	7	ICP/IRG Holdings Portfolio	NAP	NAP	180,000,000	1,117,812.51	58.5%	1.39	10.7%	NAP	NAP	NAP	NAP	NAP
5.01	Property		1	Romulus - Huron
5.02	Property		1	Warren Perkins Jones
5.03	Property		1	Cleveland American Industrial
5.04	Property		1	Cleveland American Office
5.05	Property		1	Miles North Randall
5.06	Property		1	Invacare
5.07	Property		1	Stop Eight Vandalia
6	Loan	2, 12, 13, 16, 19	1	California High Tech Logistics	NAP	NAP	70,000,000	480,363.66	43.4%	1.33	11.2%	10,000,000	10.25000%	80,000,000	566,966.67	49.6%
7	Loan	1, 12, 23, 30	1	Cumberland Mall	NAP	NAP	180,000,000	1,196,895.83	48.9%	1.66	13.8%	NAP	NAP	NAP	NAP	NAP
8	Loan	2, 6, 12, 13	5	Gilardian NYC Portfolio II	NAP	NAP	54,000,000	191,060.60	39.2%	2.88	12.3%	41,000,000	9.19800%	95,000,000	509,690.39	69.0%
8.01	Property		1	2410-2418 Broadway
8.02	Property		1	245 West 51st Street
8.03	Property		1	324-326 West 84th Street
8.04	Property		1	107 West 68th Street
8.05	Property		1	1443-1447 York Avenue
9	Loan	2, 17, 19, 21, 27, 29	1	Four Points Flushing	NAP	NAP	NAP	NAP	NAP	NAP	NAP	NAP	NAP	NAP	NAP	NAP
10	Loan	1, 5, 10, 12, 13, 19, 23, 30, 31	1	Back Bay Office	65,000,000	8.20000%	540,000,000	2,977,918.80	38.3%	2.16	14.3%	40,000,000	10.12500%	580,000,000	3,320,105.90	41.1%
11	Loan	1, 4, 12, 13, 20, 33	1	Harborside 2-3	NAP	NAP	225,000,000	1,110,208.33	56.8%	2.36	14.7%	55,000,000	10.50000%	280,000,000	1,598,142.36	70.7%
12	Loan	1, 4, 12, 19, 28, 33	1	The Widener Building	NAP	NAP	50,000,000	324,655.67	53.9%	1.65	13.5%	NAP	NAP	NAP	NAP	NAP
13	Loan	20	1	107 Tom Starling Road	NAP	NAP	NAP	NAP	NAP	NAP	NAP	NAP	NAP	NAP	NAP	NAP
14	Loan	1, 12, 17, 19, 21	1	Oxmoor Center	NAP	NAP	90,000,000	617,458.33	58.8%	1.50	13.3%	NAP	NAP	NAP	NAP	NAP
15	Loan	1, 10, 12, 13, 15, 21, 30	1	Heritage Plaza	NAP	NAP	172,000,000	1,108,822.69	33.0%	1.54	12.7%	NAP	NAP	NAP	NAP	NAP
16	Loan	2, 6, 10, 16, 19, 29	2	Cosmos Portfolio	NAP	NAP	NAP	NAP	NAP	NAP	NAP	NAP	NAP	NAP	NAP	NAP
16.01	Property		1	121 Morgan Lakes Industrial Blvd
16.02	Property		1	6582 Peachtree Industrial Blvd
17	Loan	4, 5, 12	1	Riverview Tower	NAP	NAP	27,587,614	202,517.10	68.6%	1.40	12.6%	NAP	NAP	NAP	NAP	NAP
18	Loan	4, 19, 22	1	Museum Tower	NAP	NAP	47,000,000	259,945.90	61.8%	1.70	11.9%	NAP	NAP	NAP	NAP	NAP
19	Loan	6, 12, 16, 22	3	Grogan Portfolio	NAP	NAP	NAP	NAP	NAP	NAP	NAP	NAP	NAP	NAP	NAP	NAP
19.01	Property		1	Sweet Sam's Factory
19.02	Property		1	15 East 76th Street
19.03	Property		1	523B East 85th Street
20	Loan	3, 5, 12, 16, 17, 19, 22	1	RH HQ	NAP	NAP	29,000,000	131,822.45	68.2%	2.04	11.5%	NAP	NAP	NAP	NAP	NAP
21	Loan	4, 6, 12, 16, 19, 24	2	Select Parking NYC Portfolio	NAP	NAP	44,000,000	294,061.57	61.0%	1.35	10.9%	NAP	NAP	NAP	NAP	NAP
21.01	Property		1	30, 40 and 60 East 9th Street
21.02	Property		1	260 West 87th Street
22	Loan	5, 6, 12, 13, 29	45	Prime Storage Portfolio #3	64,130,000	6.39000%	470,000,000	2,537,510.42	59.4%	1.44	9.5%	120,000,000	9.87500%	590,000,000	3,538,725.70	74.6%
22.01	Property		1	Prime Storage Bridgehampton
22.02	Property		1	Prime Storage Bohemia
22.03	Property		1	Prime Storage Westhampton Beach
22.04	Property		1	Prime Storage Queens Jamaica
22.05	Property		1	Prime Storage West Palm Beach
22.06	Property		1	Prime Storage Snellville
22.07	Property		1	Prime Storage Shallotte
22.08	Property		1	Prime Storage Danbury East
22.09	Property		1	Prime Storage Dallas
22.10	Property		1	Prime Storage Bay Shore Pine Aire Dr.
22.11	Property		1	Prime Storage Mesa
22.12	Property		1	Prime Storage Warren
22.13	Property		1	Prime Storage Portsmouth
22.14	Property		1	Prime Storage Bolivia
22.15	Property		1	Prime Storage Charlottesville
22.16	Property		1	Prime Storage Clifton
22.17	Property		1	Prime Storage Centereach
22.18	Property		1	Prime Storage Marietta North
22.19	Property		1	Prime Storage Hardeeville
22.20	Property		1	Prime Storage Summerville
22.21	Property		1	Prime Storage Virginia Beach Lynnhaven Pkwy.
22.22	Property		1	Prime Storage Marietta South
22.23	Property		1	Prime Storage Cartersville
22.24	Property		1	Prime Storage Danbury West
22.25	Property		1	Prime Storage Scarborough
22.26	Property		1	Prime Storage Baltimore
22.27	Property		1	Prime Storage Farmingdale
22.28	Property		1	Prime Storage Baltimore - 3500 Wilkens Ave.
22.29	Property		1	Prime Storage Glenville
22.30	Property		1	Prime Storage Fishers Ford Dr.
22.31	Property		1	Prime Storage Acworth North
22.32	Property		1	Prime Storage Rock Hill
22.33	Property		1	Prime Storage Simpsonville
22.34	Property		1	Prime Storage Acworth East
22.35	Property		1	Prime Storage Saco
22.36	Property		1	Prime Storage Baltimore North Point Blvd.
22.37	Property		1	Prime Storage Green Island
22.38	Property		1	Prime Storage North Fort Myers
22.39	Property		1	Prime Storage Marietta
22.40	Property		1	Prime Storage Midland
22.41	Property		1	Prime Storage Lansing
22.42	Property		1	Prime Storage Acworth West
22.43	Property		1	Prime Storage Boardman
22.44	Property		1	Prime Storage North Miami
22.45	Property		1	Prime Storage Greenville Butler Rd.
23	Loan		1	Eden Apartments	NAP	NAP	NAP	NAP	NAP	NAP	NAP	NAP	NAP	NAP	NAP	NAP
24	Loan	1, 5, 10, 12, 13, 17, 19, 20, 21, 26, 27, 30	1	Green Acres	NAP	NAP	370,000,000	1,844,120.25	54.5%	2.10	13.0%	NAP	NAP	NAP	NAP	NAP
25	Loan	6, 20	2	Little Rock Self Storage Portfolio	NAP	NAP	NAP	NAP	NAP	NAP	NAP	NAP	NAP	NAP	NAP	NAP
25.01	Property		1	8015 Geyer Springs Road
25.02	Property		1	6100 Leon Circle
26	Loan		1	Mini U Storage - Tomball	NAP	NAP	NAP	NAP	NAP	NAP	NAP	NAP	NAP	NAP	NAP	NAP
27	Loan		1	Marco MHC	NAP	NAP	NAP	NAP	NAP	NAP	NAP	NAP	NAP	NAP	NAP	NAP

A-15

BMO 2023 5C1

Annex A-1

Loan ID Number	Loan / Property Flag	Footnotes (for Loan and Property Information)	# of Properties	Property Name	Total Debt Underwritten NCF DSCR (x)	Total Debt Underwritten NOI Debt Yield (%)	Future Additional Debt Permitted (Y/N)	Future Debt Permitted Type	Sponsor
					13		13	13
1	Loan	1, 10, 12, 27	1	Gateway Center South	NAP	NAP	No	NAP	The Related Companies, L.P.
2	Loan	1, 12, 13, 21, 23, 24	1	11 West 42nd Street	1	9.6%	No	NAP	Tishman Speyer Properties, L.P. and Silverstein Properties, LLC
3	Loan	1, 5, 12, 18, 19, 20, 24	1	Short Pump Town Center	NAP	NAP	No	NAP	Forest City Realty Trust, LLC, MJGT Associates, LLC, and Queensland Investment Corporation
4	Loan	7, 16, 26, 29	1	Brookview Commons	NAP	NAP	No	NAP	Barry J. Bertram and John L. DiMarco, Sr.
5	Loan	1, 2, 6, 12, 16, 19, 20, 22, 33	7	ICP/IRG Holdings Portfolio	NAP	NAP	No	NAP	Industrial Commercial Properties and Industrial Realty Group
5.01	Property		1	Romulus - Huron
5.02	Property		1	Warren Perkins Jones
5.03	Property		1	Cleveland American Industrial
5.04	Property		1	Cleveland American Office
5.05	Property		1	Miles North Randall
5.06	Property		1	Invacare
5.07	Property		1	Stop Eight Vandalia
6	Loan	2, 12, 13, 16, 19	1	California High Tech Logistics	1.13	9.8%	No	NAP	Moshe Kupferstein, Devi Alfaks, Edward Alfaks, Morris Alfaks, Dib Chaaya and Salim Mann
7	Loan	1, 12, 23, 30	1	Cumberland Mall	NAP	NAP	No	NAP	BPR Nimbus LLC
8	Loan	2, 6, 12, 13	5	Gilardian NYC Portfolio II	1.08	7.0%	No	NAP	Robert Gilardian and Albert Gilardian
8.01	Property		1	2410-2418 Broadway
8.02	Property		1	245 West 51st Street
8.03	Property		1	324-326 West 84th Street
8.04	Property		1	107 West 68th Street
8.05	Property		1	1443-1447 York Avenue
9	Loan	2, 17, 19, 21, 27, 29	1	Four Points Flushing	NAP	NAP	No	NAP	George Xu
10	Loan	1, 5, 10, 12, 13, 19, 23, 30, 31	1	Back Bay Office	1.94	13.4%	No	NAP	JPMorgan Chase Bank, N.A., J.P. Morgan Investment Management Inc., OMERS Administration Corporation, and OPG Investment Holdings (US), LLC
11	Loan	1, 4, 12, 13, 20, 33	1	Harborside 2-3	1.64	11.8%	Yes	Future Mezzanine Loan	Mark Karasick and Michael Silberberg
12	Loan	1, 4, 12, 19, 28, 33	1	The Widener Building	NAP	NAP	No	NAP	Abraham Leser, Robert Schachter and Harry Gold
13	Loan	20	1	107 Tom Starling Road	NAP	NAP	No	NAP	Alexander Dembitzer
14	Loan	1, 12, 17, 19, 21	1	Oxmoor Center	NAP	NAP	No	NAP	BPR Nimbus LLC
15	Loan	1, 10, 12, 13, 15, 21, 30	1	Heritage Plaza	NAP	NAP	Yes	Future Mezzanine Loan	AEW CPT REIT, LLC, AEW Core Property (U.S.), L.P., Brookfield Office Properties Inc. and Brookfield Property Partners, L.P.
16	Loan	2, 6, 10, 16, 19, 29	2	Cosmos Portfolio	NAP	NAP	No	NAP	Jaisree Nallapaty
16.01	Property		1	121 Morgan Lakes Industrial Blvd
16.02	Property		1	6582 Peachtree Industrial Blvd
17	Loan	4, 5, 12	1	Riverview Tower	NAP	NAP	No	NAP	Hertz Realty Operating Partnership, LP
18	Loan	4, 19, 22	1	Museum Tower	NAP	NAP	No	NAP	Moishe Mana
19	Loan	6, 12, 16, 22	3	Grogan Portfolio	NAP	NAP	No	NAP	David Grogan
19.01	Property		1	Sweet Sam's Factory
19.02	Property		1	15 East 76th Street
19.03	Property		1	523B East 85th Street
20	Loan	3, 5, 12, 16, 17, 19, 22	1	RH HQ	NAP	NAP	No	NAP	DRA Growth and Income Master Fund X-A, LLC and Manageco X, LLC
21	Loan	4, 6, 12, 16, 19, 24	2	Select Parking NYC Portfolio	NAP	NAP	No	NAP	Aaron Katz
21.01	Property		1	30, 40 and 60 East 9th Street
21.02	Property		1	260 West 87th Street
22	Loan	5, 6, 12, 13, 29	45	Prime Storage Portfolio #3	1.03	7.5%	No	NAP	Robert J. Moser
22.01	Property		1	Prime Storage Bridgehampton
22.02	Property		1	Prime Storage Bohemia
22.03	Property		1	Prime Storage Westhampton Beach
22.04	Property		1	Prime Storage Queens Jamaica
22.05	Property		1	Prime Storage West Palm Beach
22.06	Property		1	Prime Storage Snellville
22.07	Property		1	Prime Storage Shallotte
22.08	Property		1	Prime Storage Danbury East
22.09	Property		1	Prime Storage Dallas
22.10	Property		1	Prime Storage Bay Shore Pine Aire Dr.
22.11	Property		1	Prime Storage Mesa
22.12	Property		1	Prime Storage Warren
22.13	Property		1	Prime Storage Portsmouth
22.14	Property		1	Prime Storage Bolivia
22.15	Property		1	Prime Storage Charlottesville
22.16	Property		1	Prime Storage Clifton
22.17	Property		1	Prime Storage Centereach
22.18	Property		1	Prime Storage Marietta North
22.19	Property		1	Prime Storage Hardeeville
22.20	Property		1	Prime Storage Summerville
22.21	Property		1	Prime Storage Virginia Beach Lynnhaven Pkwy.
22.22	Property		1	Prime Storage Marietta South
22.23	Property		1	Prime Storage Cartersville
22.24	Property		1	Prime Storage Danbury West
22.25	Property		1	Prime Storage Scarborough
22.26	Property		1	Prime Storage Baltimore
22.27	Property		1	Prime Storage Farmingdale
22.28	Property		1	Prime Storage Baltimore - 3500 Wilkens Ave.
22.29	Property		1	Prime Storage Glenville
22.30	Property		1	Prime Storage Fishers Ford Dr.
22.31	Property		1	Prime Storage Acworth North
22.32	Property		1	Prime Storage Rock Hill
22.33	Property		1	Prime Storage Simpsonville
22.34	Property		1	Prime Storage Acworth East
22.35	Property		1	Prime Storage Saco
22.36	Property		1	Prime Storage Baltimore North Point Blvd.
22.37	Property		1	Prime Storage Green Island
22.38	Property		1	Prime Storage North Fort Myers
22.39	Property		1	Prime Storage Marietta
22.40	Property		1	Prime Storage Midland
22.41	Property		1	Prime Storage Lansing
22.42	Property		1	Prime Storage Acworth West
22.43	Property		1	Prime Storage Boardman
22.44	Property		1	Prime Storage North Miami
22.45	Property		1	Prime Storage Greenville Butler Rd.
23	Loan		1	Eden Apartments	NAP	NAP	No	NAP	Michael Eisner and Steven Weinstock
24	Loan	1, 5, 10, 12, 13, 17, 19, 20, 21, 26, 27, 30	1	Green Acres	NAP	NAP	No	NAP	The Macerich Partnership, L.P.
25	Loan	6, 20	2	Little Rock Self Storage Portfolio	NAP	NAP	No	NAP	Jacob Ramage
25.01	Property		1	8015 Geyer Springs Road
25.02	Property		1	6100 Leon Circle
26	Loan		1	Mini U Storage - Tomball	NAP	NAP	No	NAP	Elevation Fund 8, LLC
27	Loan		1	Marco MHC	NAP	NAP	No	NAP	Valentino Marcoccia

A-16

BMO 2023 5C1

Annex A-1

Loan ID Number	Loan / Property Flag	Footnotes (for Loan and Property Information)	# of Properties	Property Name	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 ($)	Sources: Principal's New Cash Contribution ($)
					24		33		29
1	Loan	1, 10, 12, 27	1	Gateway Center South	The Related Companies, L.P.	No	No	Refinance	No	162,500,000	4,938,409
2	Loan	1, 12, 13, 21, 23, 24	1	11 West 42nd Street	11 West 42 Realty Investors, L.L.C.	No	No	Refinance	No	274,000,000	13,988,916
3	Loan	1, 5, 12, 18, 19, 20, 24	1	Short Pump Town Center	Forest City Realty Trust LLC	No	No	Refinance	No	180,000,000	320,557
4	Loan	7, 16, 26, 29	1	Brookview Commons	Barry J. Bertram and John L. DiMarco, Sr.	No	No	Refinance	Yes	58,000,000	0
5	Loan	1, 2, 6, 12, 16, 19, 20, 22, 33	7	ICP/IRG Holdings Portfolio	Holdings Ohio, LLC and Christopher Semarjian	No	Yes	Refinance		180,000,000	0
5.01	Property		1	Romulus - Huron					No
5.02	Property		1	Warren Perkins Jones					No
5.03	Property		1	Cleveland American Industrial					No
5.04	Property		1	Cleveland American Office					No
5.05	Property		1	Miles North Randall					No
5.06	Property		1	Invacare					No
5.07	Property		1	Stop Eight Vandalia					No
6	Loan	2, 12, 13, 16, 19	1	California High Tech Logistics	Moshe Kupferstein, Devi Alfaks, Edward Alfaks, Morris Alfaks, Dib Chaaya and Salim Mann	No	No	Acquisition	No	70,000,000	926,795
7	Loan	1, 12, 23, 30	1	Cumberland Mall	BPR Nimbus LLC	No	No	Refinance	No	180,000,000	0
8	Loan	2, 6, 12, 13	5	Gilardian NYC Portfolio II	Robert Gilardian and Albert Gilardian	No	No	Refinance		54,000,000	0
8.01	Property		1	2410-2418 Broadway					No
8.02	Property		1	245 West 51st Street					No
8.03	Property		1	324-326 West 84th Street					No
8.04	Property		1	107 West 68th Street					No
8.05	Property		1	1443-1447 York Avenue					No
9	Loan	2, 17, 19, 21, 27, 29	1	Four Points Flushing	George Xu	No	No	Refinance	Yes	40,100,000	0
10	Loan	1, 5, 10, 12, 13, 19, 23, 30, 31	1	Back Bay Office	OPG Investment Holdings (US), LLC	No	No	Refinance	No	475,000,000	41,583,604
11	Loan	1, 4, 12, 13, 20, 33	1	Harborside 2-3	Mark Karasick and Michael Silberberg	No	Yes	Acquisition	No	225,000,000	119,820,041
12	Loan	1, 4, 12, 19, 28, 33	1	The Widener Building	Abraham Leser, Robert Schachter and Harry Gold	No	Yes	Refinance	No	50,000,000	1,654,120
13	Loan	20	1	107 Tom Starling Road	Alexander Dembitzer	No	No	Refinance	No	26,000,000	0
14	Loan	1, 12, 17, 19, 21	1	Oxmoor Center	BPR Nimbus LLC	No	No	Refinance	No	90,000,000	0
15	Loan	1, 10, 12, 13, 15, 21, 30	1	Heritage Plaza	Brookfield Properties Investor LLC	No	No	Refinance	No	172,000,000	5,793,688
16	Loan	2, 6, 10, 16, 19, 29	2	Cosmos Portfolio	Jaisree Nallapaty	No	No	Acquisition/Refinance
16.01	Property		1	121 Morgan Lakes Industrial Blvd					No
16.02	Property		1	6582 Peachtree Industrial Blvd					Yes
17	Loan	4, 5, 12	1	Riverview Tower	Hertz Realty Operating Partnership, LP	No	No	Refinance	No
18	Loan	4, 19, 22	1	Museum Tower	Moishe Mana	No	No	Acquisition	No
19	Loan	6, 12, 16, 22	3	Grogan Portfolio	David Grogan	No	No	Refinance
19.01	Property		1	Sweet Sam's Factory					No
19.02	Property		1	15 East 76th Street					No
19.03	Property		1	523B East 85th Street					No
20	Loan	3, 5, 12, 16, 17, 19, 22	1	RH HQ	DRA Growth and Income Master Fund X-A, LLC	No	No	Acquisition	No
21	Loan	4, 6, 12, 16, 19, 24	2	Select Parking NYC Portfolio	Aaron Katz	No	No	Refinance
21.01	Property		1	30, 40 and 60 East 9th Street					No
21.02	Property		1	260 West 87th Street					No
22	Loan	5, 6, 12, 13, 29	45	Prime Storage Portfolio #3	Prime Storage Fund II, LP, Prime Storage Fund II (Cayman), LP, Prime Storage Fund II IDF, LP and Robert Moser	No	No	Recapitalization
22.01	Property		1	Prime Storage Bridgehampton					No
22.02	Property		1	Prime Storage Bohemia					No
22.03	Property		1	Prime Storage Westhampton Beach					No
22.04	Property		1	Prime Storage Queens Jamaica					Yes
22.05	Property		1	Prime Storage West Palm Beach					No
22.06	Property		1	Prime Storage Snellville					No
22.07	Property		1	Prime Storage Shallotte					No
22.08	Property		1	Prime Storage Danbury East					No
22.09	Property		1	Prime Storage Dallas					No
22.10	Property		1	Prime Storage Bay Shore Pine Aire Dr.					No
22.11	Property		1	Prime Storage Mesa					No
22.12	Property		1	Prime Storage Warren					No
22.13	Property		1	Prime Storage Portsmouth					No
22.14	Property		1	Prime Storage Bolivia					No
22.15	Property		1	Prime Storage Charlottesville					No
22.16	Property		1	Prime Storage Clifton					No
22.17	Property		1	Prime Storage Centereach					No
22.18	Property		1	Prime Storage Marietta North					No
22.19	Property		1	Prime Storage Hardeeville					Yes
22.20	Property		1	Prime Storage Summerville					No
22.21	Property		1	Prime Storage Virginia Beach Lynnhaven Pkwy.					No
22.22	Property		1	Prime Storage Marietta South					No
22.23	Property		1	Prime Storage Cartersville					No
22.24	Property		1	Prime Storage Danbury West					No
22.25	Property		1	Prime Storage Scarborough					No
22.26	Property		1	Prime Storage Baltimore					No
22.27	Property		1	Prime Storage Farmingdale					No
22.28	Property		1	Prime Storage Baltimore - 3500 Wilkens Ave.					No
22.29	Property		1	Prime Storage Glenville					No
22.30	Property		1	Prime Storage Fishers Ford Dr.					No
22.31	Property		1	Prime Storage Acworth North					No
22.32	Property		1	Prime Storage Rock Hill					No
22.33	Property		1	Prime Storage Simpsonville					No
22.34	Property		1	Prime Storage Acworth East					No
22.35	Property		1	Prime Storage Saco					Yes
22.36	Property		1	Prime Storage Baltimore North Point Blvd.					No
22.37	Property		1	Prime Storage Green Island					No
22.38	Property		1	Prime Storage North Fort Myers					No
22.39	Property		1	Prime Storage Marietta					No
22.40	Property		1	Prime Storage Midland					No
22.41	Property		1	Prime Storage Lansing					No
22.42	Property		1	Prime Storage Acworth West					No
22.43	Property		1	Prime Storage Boardman					No
22.44	Property		1	Prime Storage North Miami					Yes
22.45	Property		1	Prime Storage Greenville Butler Rd.					No
23	Loan		1	Eden Apartments	Michael Eisner and Steven Weinstock	No	No	Refinance	No
24	Loan	1, 5, 10, 12, 13, 17, 19, 20, 21, 26, 27, 30	1	Green Acres	The Macerich Partnership, L.P.	No	No	Refinance	No
25	Loan	6, 20	2	Little Rock Self Storage Portfolio	Jacob Ramage	No	No	Acquisition
25.01	Property		1	8015 Geyer Springs Road					No
25.02	Property		1	6100 Leon Circle					No
26	Loan		1	Mini U Storage - Tomball	Elevation Fund 8, LLC	No	No	Recapitalization	No
27	Loan		1	Marco MHC	Valentino Marcoccia	No	No	Refinance	No

A-17

BMO 2023 5C1

Annex A-1

Loan ID Number	Loan / Property Flag	Footnotes (for Loan and Property Information)	# of Properties	Property Name	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 ($)	Underwritten RevPAR ($)
1	Loan	1, 10, 12, 27	1	Gateway Center South	0	0	167,438,409	157,685,240	0	9,753,170	0	0	0	167,438,409	NAP	NAP	NAP
2	Loan	1, 12, 13, 21, 23, 24	1	11 West 42nd Street	56,000,000	0	343,988,916	301,013,950	0	13,809,715	29,165,251	0	0	343,988,916	NAP	NAP	NAP
3	Loan	1, 5, 12, 18, 19, 20, 24	1	Short Pump Town Center	0	0	180,320,557	171,903,023	0	1,536,319	6,881,215	0	0	180,320,557	NAP	NAP	NAP
4	Loan	7, 16, 26, 29	1	Brookview Commons	0	0	58,000,000	40,402,225	0	1,904,803	27,566	7,665,407	8,000,000	58,000,000	NAP	NAP	NAP
5	Loan	1, 2, 6, 12, 16, 19, 20, 22, 33	7	ICP/IRG Holdings Portfolio	0	0	180,000,000	132,024,335	0	9,870,791	4,758,679	33,346,195	0	180,000,000	NAP	NAP	NAP
5.01	Property		1	Romulus - Huron											NAP	NAP	NAP
5.02	Property		1	Warren Perkins Jones											NAP	NAP	NAP
5.03	Property		1	Cleveland American Industrial											NAP	NAP	NAP
5.04	Property		1	Cleveland American Office											NAP	NAP	NAP
5.05	Property		1	Miles North Randall											NAP	NAP	NAP
5.06	Property		1	Invacare											NAP	NAP	NAP
5.07	Property		1	Stop Eight Vandalia											NAP	NAP	NAP
6	Loan	2, 12, 13, 16, 19	1	California High Tech Logistics	10,000,000	0	80,926,795	0	78,028,181	1,987,711	910,903	0	0	80,926,795	NAP	NAP	NAP
7	Loan	1, 12, 23, 30	1	Cumberland Mall	0	0	180,000,000	160,491,051	0	1,638,600	2,254,938	15,615,412	0	180,000,000	NAP	NAP	NAP
8	Loan	2, 6, 12, 13	5	Gilardian NYC Portfolio II	41,000,000	0	95,000,000	87,557,263	0	6,655,112	739,212	48,413	0	95,000,000	NAP	NAP	NAP
8.01	Property		1	2410-2418 Broadway											NAP	NAP	NAP
8.02	Property		1	245 West 51st Street											NAP	NAP	NAP
8.03	Property		1	324-326 West 84th Street											NAP	NAP	NAP
8.04	Property		1	107 West 68th Street											NAP	NAP	NAP
8.05	Property		1	1443-1447 York Avenue											NAP	NAP	NAP
9	Loan	2, 17, 19, 21, 27, 29	1	Four Points Flushing	0	0	40,100,000	34,167,935	0	1,184,467	365,420	4,382,178	0	40,100,000	8/16/2041	185.01	148.91
10	Loan	1, 5, 10, 12, 13, 19, 23, 30, 31	1	Back Bay Office	105,000,000	0	621,583,604	546,966,371	0	16,756,604	57,860,629	0	0	621,583,604	NAP	NAP	NAP
11	Loan	1, 4, 12, 13, 20, 33	1	Harborside 2-3	74,000,000	49,633,468	468,453,509	0	377,000,000	26,869,593	64,583,916	0	0	468,453,509	NAP	NAP	NAP
12	Loan	1, 4, 12, 19, 28, 33	1	The Widener Building	0	0	51,654,120	46,244,132	0	1,303,514	4,106,474	0	0	51,654,120	NAP	NAP	NAP
13	Loan	20	1	107 Tom Starling Road	0	0	26,000,000	18,585,188	0	404,505	224,098	6,786,209	0	26,000,000	NAP	NAP	NAP
14	Loan	1, 12, 17, 19, 21	1	Oxmoor Center	0	0	90,000,000	70,733,847	0	2,361,300	13,388,948	3,515,904	0	90,000,000	NAP	NAP	NAP
15	Loan	1, 10, 12, 13, 15, 21, 30	1	Heritage Plaza	0	0	177,793,688	156,217,116	0	6,087,126	15,489,446	0	0	177,793,688	NAP	NAP	NAP
16	Loan	2, 6, 10, 16, 19, 29	2	Cosmos Portfolio											NAP	NAP	NAP
16.01	Property		1	121 Morgan Lakes Industrial Blvd											NAP	NAP	NAP
16.02	Property		1	6582 Peachtree Industrial Blvd											NAP	NAP	NAP
17	Loan	4, 5, 12	1	Riverview Tower											NAP	NAP	NAP
18	Loan	4, 19, 22	1	Museum Tower											NAP	NAP	NAP
19	Loan	6, 12, 16, 22	3	Grogan Portfolio											NAP	NAP	NAP
19.01	Property		1	Sweet Sam's Factory											NAP	NAP	NAP
19.02	Property		1	15 East 76th Street											NAP	NAP	NAP
19.03	Property		1	523B East 85th Street											NAP	NAP	NAP
20	Loan	3, 5, 12, 16, 17, 19, 22	1	RH HQ											NAP	NAP	NAP
21	Loan	4, 6, 12, 16, 19, 24	2	Select Parking NYC Portfolio											NAP	NAP	NAP
21.01	Property		1	30, 40 and 60 East 9th Street											NAP	NAP	NAP
21.02	Property		1	260 West 87th Street											NAP	NAP	NAP
22	Loan	5, 6, 12, 13, 29	45	Prime Storage Portfolio #3											NAP	NAP	NAP
22.01	Property		1	Prime Storage Bridgehampton											NAP	NAP	NAP
22.02	Property		1	Prime Storage Bohemia											NAP	NAP	NAP
22.03	Property		1	Prime Storage Westhampton Beach											NAP	NAP	NAP
22.04	Property		1	Prime Storage Queens Jamaica											NAP	NAP	NAP
22.05	Property		1	Prime Storage West Palm Beach											NAP	NAP	NAP
22.06	Property		1	Prime Storage Snellville											NAP	NAP	NAP
22.07	Property		1	Prime Storage Shallotte											NAP	NAP	NAP
22.08	Property		1	Prime Storage Danbury East											NAP	NAP	NAP
22.09	Property		1	Prime Storage Dallas											NAP	NAP	NAP
22.10	Property		1	Prime Storage Bay Shore Pine Aire Dr.											NAP	NAP	NAP
22.11	Property		1	Prime Storage Mesa											NAP	NAP	NAP
22.12	Property		1	Prime Storage Warren											NAP	NAP	NAP
22.13	Property		1	Prime Storage Portsmouth											NAP	NAP	NAP
22.14	Property		1	Prime Storage Bolivia											NAP	NAP	NAP
22.15	Property		1	Prime Storage Charlottesville											NAP	NAP	NAP
22.16	Property		1	Prime Storage Clifton											NAP	NAP	NAP
22.17	Property		1	Prime Storage Centereach											NAP	NAP	NAP
22.18	Property		1	Prime Storage Marietta North											NAP	NAP	NAP
22.19	Property		1	Prime Storage Hardeeville											NAP	NAP	NAP
22.20	Property		1	Prime Storage Summerville											NAP	NAP	NAP
22.21	Property		1	Prime Storage Virginia Beach Lynnhaven Pkwy.											NAP	NAP	NAP
22.22	Property		1	Prime Storage Marietta South											NAP	NAP	NAP
22.23	Property		1	Prime Storage Cartersville											NAP	NAP	NAP
22.24	Property		1	Prime Storage Danbury West											NAP	NAP	NAP
22.25	Property		1	Prime Storage Scarborough											NAP	NAP	NAP
22.26	Property		1	Prime Storage Baltimore											NAP	NAP	NAP
22.27	Property		1	Prime Storage Farmingdale											NAP	NAP	NAP
22.28	Property		1	Prime Storage Baltimore - 3500 Wilkens Ave.											NAP	NAP	NAP
22.29	Property		1	Prime Storage Glenville											NAP	NAP	NAP
22.30	Property		1	Prime Storage Fishers Ford Dr.											NAP	NAP	NAP
22.31	Property		1	Prime Storage Acworth North											NAP	NAP	NAP
22.32	Property		1	Prime Storage Rock Hill											NAP	NAP	NAP
22.33	Property		1	Prime Storage Simpsonville											NAP	NAP	NAP
22.34	Property		1	Prime Storage Acworth East											NAP	NAP	NAP
22.35	Property		1	Prime Storage Saco											NAP	NAP	NAP
22.36	Property		1	Prime Storage Baltimore North Point Blvd.											NAP	NAP	NAP
22.37	Property		1	Prime Storage Green Island											NAP	NAP	NAP
22.38	Property		1	Prime Storage North Fort Myers											NAP	NAP	NAP
22.39	Property		1	Prime Storage Marietta											NAP	NAP	NAP
22.40	Property		1	Prime Storage Midland											NAP	NAP	NAP
22.41	Property		1	Prime Storage Lansing											NAP	NAP	NAP
22.42	Property		1	Prime Storage Acworth West											NAP	NAP	NAP
22.43	Property		1	Prime Storage Boardman											NAP	NAP	NAP
22.44	Property		1	Prime Storage North Miami											NAP	NAP	NAP
22.45	Property		1	Prime Storage Greenville Butler Rd.											NAP	NAP	NAP
23	Loan		1	Eden Apartments											NAP	NAP	NAP
24	Loan	1, 5, 10, 12, 13, 17, 19, 20, 21, 26, 27, 30	1	Green Acres											NAP	NAP	NAP
25	Loan	6, 20	2	Little Rock Self Storage Portfolio											NAP	NAP	NAP
25.01	Property		1	8015 Geyer Springs Road											NAP	NAP	NAP
25.02	Property		1	6100 Leon Circle											NAP	NAP	NAP
26	Loan		1	Mini U Storage - Tomball											NAP	NAP	NAP
27	Loan		1	Marco MHC											NAP	NAP	NAP

A-18

BMO 2023 5C1

Annex A-1

Loan ID Number

Loan / Property Flag

Footnotes (for Loan and Property Information)

# of Properties

Property Name

Underwritten Hotel Occupancy (%)

Most Recent ADR ($)

Most Recent RevPAR ($)

Most Recent Hotel Occupancy (%)

Second Most Recent ADR ($)

Second Most Recent RevPAR ($)

Second Most Recent Hotel Occupancy (%)

Third Most Recent ADR ($)

Third Most Recent RevPAR ($)

Third Most Recent Hotel Occupancy (%)

1

Loan

1, 10, 12, 27

1

Gateway Center South

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

2

Loan

1, 12, 13, 21, 23, 24

1

11 West 42nd Street

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

3

Loan

1, 5, 12, 18, 19, 20, 24

1

Short Pump Town Center

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

4

Loan

7, 16, 26, 29

1

Brookview Commons

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

5

Loan

1, 2, 6, 12, 16, 19, 20, 22, 33

7

ICP/IRG Holdings Portfolio

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

5.01

Property

1

Romulus - Huron

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

5.02

Property

1

Warren Perkins Jones

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

5.03

Property

1

Cleveland American Industrial

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

5.04

Property

1

Cleveland American Office

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

5.05

Property

1

Miles North Randall

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

5.06

Property

1

Invacare

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

5.07

Property

1

Stop Eight Vandalia

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

6

Loan

2, 12, 13, 16, 19

1

California High Tech Logistics

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

7

Loan

1, 12, 23, 30

1

Cumberland Mall

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

8

Loan

2, 6, 12, 13

5

Gilardian NYC Portfolio II

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

8.01

Property

1

2410-2418 Broadway

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

8.02

Property

1

245 West 51st Street

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

8.03

Property

1

324-326 West 84th Street

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

8.04

Property

1

107 West 68th Street

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

8.05

Property

1

1443-1447 York Avenue

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

9

Loan

2, 17, 19, 21, 27, 29

1

Four Points Flushing

80.5%

185.01

148.91

80.5%

176.30

132.40

75.1%

NAP

NAP

NAP

10

Loan

1, 5, 10, 12, 13, 19, 23, 30, 31

1

Back Bay Office

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

11

Loan

1, 4, 12, 13, 20, 33

1

Harborside 2-3

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

12

Loan

1, 4, 12, 19, 28, 33

1

The Widener Building

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

13

Loan

20

1

107 Tom Starling Road

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

14

Loan

1, 12, 17, 19, 21

1

Oxmoor Center

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

15

Loan

1, 10, 12, 13, 15, 21, 30

1

Heritage Plaza

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

16

Loan

2, 6, 10, 16, 19, 29

2

Cosmos Portfolio

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

16.01

Property

1

121 Morgan Lakes Industrial Blvd

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

16.02

Property

1

6582 Peachtree Industrial Blvd

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

17

Loan

4, 5, 12

1

Riverview Tower

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

18

Loan

4, 19, 22

1

Museum Tower

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

19

Loan

6, 12, 16, 22

3

Grogan Portfolio

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

19.01

Property

1

Sweet Sam's Factory

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

19.02

Property

1

15 East 76th Street

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

19.03

Property

1

523B East 85th Street

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

20

Loan

3, 5, 12, 16, 17, 19, 22

1

RH HQ

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

21

Loan

4, 6, 12, 16, 19, 24

2

Select Parking NYC Portfolio

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

21.01

Property

1

30, 40 and 60 East 9th Street

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

21.02

Property

1

260 West 87th Street

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

22

Loan

5, 6, 12, 13, 29

45

Prime Storage Portfolio #3

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

22.01

Property

1

Prime Storage Bridgehampton

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

22.02

Property

1

Prime Storage Bohemia

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

22.03

Property

1

Prime Storage Westhampton Beach

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

22.04

Property

1

Prime Storage Queens Jamaica

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

22.05

Property

1

Prime Storage West Palm Beach

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

22.06

Property

1

Prime Storage Snellville

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

22.07

Property

1

Prime Storage Shallotte

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

22.08

Property

1

Prime Storage Danbury East

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

22.09

Property

1

Prime Storage Dallas

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

22.10

Property

1

Prime Storage Bay Shore Pine Aire Dr.

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

22.11

Property

1

Prime Storage Mesa

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

22.12

Property

1

Prime Storage Warren

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

22.13

Property

1

Prime Storage Portsmouth

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

22.14

Property

1

Prime Storage Bolivia

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

22.15

Property

1

Prime Storage Charlottesville

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

22.16

Property

1

Prime Storage Clifton

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

22.17

Property

1

Prime Storage Centereach

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

22.18

Property

1

Prime Storage Marietta North

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

22.19

Property

1

Prime Storage Hardeeville

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

22.20

Property

1

Prime Storage Summerville

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

22.21

Property

1

Prime Storage Virginia Beach Lynnhaven Pkwy.

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

22.22

Property

1

Prime Storage Marietta South

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

22.23

Property

1

Prime Storage Cartersville

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

22.24

Property

1

Prime Storage Danbury West

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

22.25

Property

1

Prime Storage Scarborough

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

22.26

Property

1

Prime Storage Baltimore

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

22.27

Property

1

Prime Storage Farmingdale

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

22.28

Property

1

Prime Storage Baltimore - 3500 Wilkens Ave.

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

22.29

Property

1

Prime Storage Glenville

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

22.30

Property

1

Prime Storage Fishers Ford Dr.

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

22.31

Property

1

Prime Storage Acworth North

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

22.32

Property

1

Prime Storage Rock Hill

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

22.33

Property

1

Prime Storage Simpsonville

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

22.34

Property

1

Prime Storage Acworth East

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

22.35

Property

1

Prime Storage Saco

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

22.36

Property

1

Prime Storage Baltimore North Point Blvd.

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

22.37

Property

1

Prime Storage Green Island

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

22.38

Property

1

Prime Storage North Fort Myers

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

22.39

Property

1

Prime Storage Marietta

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

22.40

Property

1

Prime Storage Midland

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

22.41

Property

1

Prime Storage Lansing

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

22.42

Property

1

Prime Storage Acworth West

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

22.43

Property

1

Prime Storage Boardman

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

22.44

Property

1

Prime Storage North Miami

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

22.45

Property

1

Prime Storage Greenville Butler Rd.

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

23

Loan

1

Eden Apartments

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

24

Loan

1, 5, 10, 12, 13, 17, 19, 20, 21, 26, 27, 30

1

Green Acres

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

25

Loan

6, 20

2

Little Rock Self Storage Portfolio

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

25.01

Property

1

8015 Geyer Springs Road

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

25.02

Property

1

6100 Leon Circle

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

26

Loan

1

Mini U Storage - Tomball

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

27

Loan

1

Marco MHC

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

A-19

Footnotes to Annex A-1

 (1) “BMO” denotes Bank of Montreal as Mortgage Loan Seller, “SMC” denotes Starwood Mortgage Capital LLC as Mortgage Loan Seller, “CREFI” denotes Citi Real Estate Funding Inc. as Mortgage Loan Seller, “SGFC” denotes Société Générale Financial Corporation as Mortgage Loan Seller, “3650 REIT” denotes 3650 Real Estate Investment Trust 2 LLC as Mortgage Loan Seller, “KeyBank” denotes KeyBank National Association as Mortgage Loan Seller, “GSMC” denotes Goldman Sachs Mortgage Company as Mortgage Loan Seller, “LMF” denotes LMF Commercial, LLC as Mortgage Loan Seller and “GACC” denotes German American Capital Corporation as Mortgage Loan Seller.   With respect to Loan No. 1, Gateway Center South, the mortgage loan is part of a whole loan that was co-originated by DBR Investments Co. Limited and Wells Fargo Bank, National Association.   With respect to Loan No. 2, 11 West 42nd Street, the mortgage loan is part of a whole loan that was co-originated by Bank of America, N.A., LMF and UBS AG. Part of the mortgage loan was purchased by BMO from LMF.   With respect to Loan No. 3, Short Pump Town Center, the mortgage loan is part of a whole loan that was co-originated by Goldman Sachs Bank USA and Bank of America, N.A.   With respect to Loan No. 5, ICP/IRG Holdings Portfolio, the mortgage loan is part of a whole loan that was co-originated by 3650 REIT and JPMorgan Chase Bank, National Association.   With respect to Loan No. 7, Cumberland Mall, the mortgage loan is part of a whole loan that was co-originated by Deutsche Bank AG, New York Branch, Morgan Stanley Bank, N.A., and BMO.   With respect to Loan No. 10, Back Bay Office, the Mortgage Loan is part of a whole loan that was co-originated by Deutsche Bank AG, New York Branch, Goldman Sachs Bank USA, Wells Fargo Bank, National Association, New York Life Insurance Company, and Teachers Insurance and Annuity Association of America.   With respect to Loan No. 11, Harborside 2-3, the mortgage loan is part of a whole loan that was co-originated by CREFI and BMO.   With respect to Loan No. 12, The Widener Building, the mortgage loan is part of a whole loan that was co-originated by BMO and SMC.   With respect to Loan No. 14, Oxmoor Center, the mortgage loan is part of a whole loan that was co-originated by Barclays Capital Real Estate Inc. and SGFC.   With respect to Loan No. 15, Heritage Plaza, the mortgage loan is part of a whole loan that was co-originated by Goldman Sachs Bank USA and Morgan Stanley Bank, N.A.   With respect to Loan No. 24, Green Acres, the mortgage loan is part of a whole loan that was co-originated by Goldman Sachs Bank USA, BMO, DBR Investments Co. Limited and Morgan Stanley Bank, N.A.

(2) With respect to Loan No. 5, ICP/IRG Holdings Portfolio, the portfolio of mortgaged properties is comprised of 4,318,627 square feet of industrial properties, and 344,355 square feet of office property.   With respect to Loan No. 6, California High Tech Logistics, the mortgaged property consists of a 596,090 square foot warehouse/distribution center with approximately 586,090 square feet of warehouse space and 10,000 square feet of office space.   With respect to Loan No. 8, Gilardian NYC Portfolio II, the Gilardian NYC Portfolio Properties contain 11 commercial units totaling 12,405 square feet of commercial space, which are 100% occupied by six retail tenants and five restaurants, which represent approximately 17.5% of the underwritten rental income from the properties.   With respect to Loan No. 9, Four Points Flushing, the mortgaged property is comprised of a 210-room limited service hotel, 31,893 square feet of commercial space consisting of retail, office, and event space, and a 229 space parking garage. The 31,893 square feet of retail space is not presented in Number of Units. Current Occupancy reflects the occupancy of the hotel component of the mortgaged property. The retail space is 100.0% leased as of July 11, 2023.   With respect to Loan No. 16, Cosmos Portfolio, the mortgaged properties consist of two single-tenant industrial properties totaling 256,132 square feet. The 121 Morgan Lakes Industrial Blvd mortgaged property is a 153,092 square foot warehouse/distribution facility with 151,562 square feet of warehouse space and 1,530 square feet of office space. The 6582 Peachtree Industrial Blvd mortgaged property is a 103,040 square foot warehouse/distribution facility with 95,342 square feet of warehouse space and 7,698 square feet of office space.

A-20

(3) Certain of the mortgage loans include parcels ground leased to tenants in the calculation of the total square footage and the occupancy of the mortgaged property.   With respect to Loan No. 20, RH HQ, the mortgaged property is subject to a ground lease with an expiration date of December 12, 2120. The annual ground rent under the ground lease is currently $859,464.

(4) In certain cases, the mortgaged properties may have tenants that have executed leases that were included in the underwriting but that have not yet commenced paying rent and/or are not in occupancy.   For tenants that are one of the top 5 tenants (by net rentable area leased) for the 15 largest mortgage loans, certain of such tenants have not taken possession or commenced paying rent or sublease a material portion of their property. See “Description of the Mortgage Pool—Tenant Issues— Rights to Sublease” and “--Tenants Not Yet in Occupancy or in a Free Rent Period, Leases Under Negotiation and LOIs” in the prospectus.   With respect to Loan No. 11, Harborside 2-3, the Third Largest Tenant, Collectors Universe, representing approximately 8.2% of the net rentable area, is in a free rent period through November 28, 2023.   With respect to Loan No. 12, The Widener Building, at origination, $112,988.83 was deposited into a free rent holdback reserve for (i) First Judicial District of PA, the Third Largest Tenant, which is in a free rent period for the months of May 2024 and May 2025 in an amount of $64,573.33, and (ii) Weir & Partners, the Fourth Largest Tenant, which is in a free rent period for the month of September 2023 in an amount of $48,415.50.   With respect to Loan No. 17, Riverview Tower, at origination $1,081,946 was deposited into a rent concessions reserve, representing free or gap rent for (i) CGI Federal Inc., the Largest Tenant, which is in a free rent period from July 1, 2023 through December 1, 2024 in an amount of $297,624, and (ii) Lewis Thomason PC, the Second Largest Tenant, which is in a gap rent period from July 1, 2023 through November 1, 2023 in an amount of $230,683, and a free rent period from December 1, 2023 through November 1, 2024 in an amount of $553,639. Lewis Thomason PC has not yet taken occupancy but is expected to take occupancy on December 1, 2023.   With respect to Loan No, 18, Museum Tower, the Second Largest Tenant, Mana Miami Management, LLC, an affiliate of the borrower sponsor, executed a new 15-year lease that expires in April 2038. The related lease contains no outs or termination options and is personally guaranteed by the borrower sponsor. Additionally, $1.0 million was reserved at origination of the Museum Tower whole loan to be held until such time that Mana Miami Management, LLC has built out its space and commenced operations. The borrower sponsor anticipates the tenant will commence operations at the mortgaged property by the second quarter of 2024.   With respect to Loan No. 21, Select Parking NYC Portfolio, occupancy represents the in-place lease to an affiliate of the borrower.   With respect to Loan No. 21, Select Parking NYC Portfolio, based on the underwritten rent roll dated May 1, 2023, 100% of parking spaces at each property are leased to an affiliate of the borrower sponsor and non-recourse carveout guarantor (who personally guarantees the lease) pursuant to a lease dated as of May 1, 2023. The historical cashflows represent the actual parking operations as there were no leases in place in these periods.   With respect to Loan No. 21, Select Parking NYC Portfolio, the Select Parking NYC Portfolio Properties are subject to a lease with affiliates of the borrower expiring April 30, 2033.

(5) With respect to all mortgage loans, with the exceptions of the mortgage loans listed identified in “Description of the Mortgage Pool—Certain Calculations and Definitions” in the prospectus, the Cut-off Date LTV Ratio (%) and the LTV Ratio at Maturity (%) are based on the Appraised Value ($) even though, for certain mortgage loans, the appraisal provided “as-stabilized” values based on certain criteria being met.   With respect to Loan No. 3, Short Pump Town Center, the Appraised Value represents the “Hypothetical As Is” value of the mortgaged property excluding the value attributed to certain parcels which may be released by the borrower upon satisfaction of the terms and conditions in the related loan agreement. The actual As-Is value of the mortgaged property including the value attributed to such parcels is $392,000,000.   With respect to Loan No. 10, Back Bay Office, the Appraised Value ($) represents the “As Is (Extraordi-nary Assumption)” appraised value subject to the extraordinary assumption that approximately $67,600,000 has been reserved for leasing costs. Due to the time passed since the appraisal date, the leasing cost escrow amount under the loan agreement was reduced to $57,860,629. All outstanding leasing costs at the time of loan origination were reserved upfront.   With respect to Loan No. 17, Riverview Tower, the Appraised Value reflects the “As Complete” value of $40,200,000 for the mortgaged property, effective August 1, 2023, which assumes the commencement of Lewis Thomason PC's lease on August 1, 2023. The “as-is” appraised value of the mortgaged proper-ty (without taking into account such assumption) as of May 3, 2023 is $35,700,000.   With respect to Loan No. 20, RH HQ, the Appraised Value ($) of $42,500,000 reflects the market value of the sandwich leasehold interest.

A-21

With respect to Loan No. 22, Prime Storage Portfolio #3, the Appraised Value represents the portfolio appraised value of $790,800,000 (“Portfolio Appraised Value”), prepared by the Appraiser, which is inclusive of an approximately 5.8% portfolio premium and reflects the “as-is” value of the Properties as a whole if sold in their entirety to a single buyer.

With respect to Loan No. 24, Green Acres, the as-is value for the property is based on the assumption that the PILOT documents will be extended to 2031 and $119.1 million was included in the total conclud-ed as-is value of $679.0 million as the present value of the PILOT benefits through 2031. However, in the absence of the PILOT tax benefits beyond 2026, the as-is value of the property would be reduced by approximately $58.0 million resulting in an estimated value of $621.0 million. The Cut-off Date LTV Ratio (%) and LTV Ratio at Maturity (%) based on the estimated value of $621.0 million would be 59.6%." 

(6) For mortgage loans secured by multiple mortgaged properties, each mortgage loan’s Original Balance ($), Cut-off Date Balance ($) and Maturity Balance ($) are allocated to the respective mortgaged property based on the mortgage loan’s documentation, or if no such allocation is provided in the mortgage loan documentation, the mortgage loan seller’s determination of the appropriate allocation. ● Loan No. 5, ICP/IRG Holdings Portfolio ● Loan No. 8, Gilardian NYC Portfolio II ● Loan No. 16, Cosmos Portfolio ● Loan No. 19, Grogan Portfolio ● Loan No. 21, Select Parking NYC Portfolio ● Loan No. 22, Prime Storage Portfolio #3 ● Loan No. 25, Little Rock Self Storage Portfolio 

(7) The Original Balance ($), Cut-off Date Balance ($), and Maturity Balance ($) represent only the mortgage loan included in the issuing entity. The Underwritten NOI DSCR (x), Underwritten NCF DSCR (x), Cut-off Date LTV Ratio (%), LTV Ratio at Maturity (%), Underwritten NOI Debt Yield (%), Underwritten NCF Debt Yield (%) and Loan per Unit ($) are calculated based on the mortgage loan included in the issuing entity and the related pari passu companion loans in the aggregate but exclude any subordinate companion loan(s). For more information regarding the mortgage loans secured by the mortgaged properties identified under the column heading in this Annex A-1, see the charts titled “Whole Loan Summary” and “Whole Loan Controlling Notes and Non-Controlling Notes” in “Description of the Mortgage Pool—The Whole Loans” in the prospectus.   With respect to Loan No. 4, Brookview Commons, the borrower was required to deposit $8,000,000 at origination into an earnout reserve subaccount (the “Earnout Reserve Funds”) to be held as additional cash collateral for the Brookview Commons mortgage loan. The lender will disburse the Earnout Reserve Funds to the borrower upon satisfaction by the borrower of certain performance criteria set forth in the related loan documents and receipt by the lender of evidence reasonably satisfactory to the lender that the borrower has obtained certain tax benefits described under “Description of the Mortgage Pool—Real Estate and Other Tax Considerations” in the prospectus. In the event that the Earnout Reserve Funds are requested (x) on or after the earlier to occur of (1) September 5, 2023, and (2) the final securitization involving the Brookview Commons mortgage loan and (y) prior to December 5, 2023, then the lender will make a one-time disbursement of all of the Earnout Reserve Funds. In the event that the Earnout Reserve Funds are requested on or after December 5, 2023 (but before the earnout reserve expiration date of July 5, 2025), then the lender will make periodic disbursements (but no more than one time per calendar quarter) of the Earnout Reserve Funds (which may be in increments of less than the entire balance of the Earnout Reserve Funds).   With respect to Loan No. 4, Brookview Commons, the Cut-off Date LTV Ratio (%), LTV Ratio at Maturity / (ARD) (%), Underwritten NOI Debt Yield (%), Underwritten NCF Debt Yield (%), Underwritten NOI DSCR and Underwritten NCF DSCR calculations have been adjusted to net out the $8,000,000 earnout reserve deposited at origination of the Brookview Commons mortgage loan and are 57.0%, 57.0%, 8.9%, 8.8%, 1.47x and 1.45x respectively. The unadjusted Cut-off Date LTV Ratio (%), LTV Ratio at Maturity (%), Underwritten NOI Debt Yield (%) and Underwritten NCF Debt Yield (%) are 66.1%, 66.1%, 7.7%, 7.6%, 1.26x and 1.25x respectively.

(8) The Administrative Fee Rate % includes the Servicing Fee, the Operating Advisor Fee, the Certificate Administrator/Trustee Fee, the Asset Representations Reviewer Fee and the CREFC® Intellectual Property Royalty License Fee applicable to each mortgage loan. 

(9) For the mortgage loans with an interest-only period that accrues interest on an Actual/360 basis, the Monthly Debt Service (IO) ($) was calculated as 1/12th of the product of (i) the Original Balance ($), (ii) the Interest Rate % and (iii) 365/360.

A-22

(10) With respect to Loan No. 1, Gateway Center South, a Grace Period (Late Payment) of 5 days is allowed. Additionally, if the borrower is delinquent on such payment more than twice during any 12-month period, the borrower has to pay the lesser of (i) 3.0% of the unpaid sum or (ii) the maximum amount permitted by applicable law in order to defray the expense incurred by the lender to process the delinquent pay-ment and to compensate the lender for the loss of the use of the delinquent payment.   With respect to Loan No. 10, Back Bay Office, a Grace Period (Late Payment) of 10 days after the pay-ment date is permitted once during any 12-month period before the borrower has to pay the lesser of (i) 4.0% of the unpaid sum or (ii) the maximum amount permitted by applicable law in order to defray the expense incurred by the lender to process the delinquent payment and to compensate the lender for the loss of the use of the delinquent payment.   With respect to Loan No. 15, Heritage Plaza, a Grace Period (Late Payment) of five days is allowed once per 12-month period.   With respect to Loan No. 16, Cosmos Portfolio, Grace Period – (Default) is zero days for the outstand-ing principal balance due at maturity and five days for the monthly payment of principal and interest.   With respect to Loan No. 24, Green Acres, a Grace Period (Late Payment) of five days is allowed.

(11) Intentionally blank

(12) The “L” component of the prepayment provision represents lockout payments.

The “D” component of the prepayment provision represents defeasance payments.

The “YM” component of the prepayment provision represents yield maintenance payments.

The “O” Component of the prepayment provision represents the free payments including the Maturity Date.

Certain mortgage loans permit the release of a portion of a mortgaged property (or an individual mortgaged property, in connection with a portfolio mortgage loan) under various circumstances, as described in the prospectus. See “Description of the Mortgage Pool—Certain Terms of the Mortgage Loans—Partial Releases” in the prospectus.

With respect to Loan No. 1, Gateway Center South, the defeasance lockout period will be at least 26 months beginning with and including the first payment date on July 5, 2023. Defeasance of the Gateway Center South whole loan, in whole, but not in part, is permitted at any time after the earlier of (i) the third anniversary of the first monthly payment date and (ii) two years from the “startup day” of the REMIC which holds the portion of the Gateway Center South whole loan last contributed to a securitization. In addition, on any business day on and after June 5, 2025, voluntary prepayment of the Gateway Center South whole loan is permitted, together with, if such voluntary prepayment occurs prior to December 5, 2027, a prepayment fee equal to the greater of (x) 1.00% of the principal amount of the Gateway Center South whole loan being prepaid and (y) a yield maintenance premium. The assumed defeasance lockout period of 26 months is based on the expected BMO 2023-5C1 securitization cut-off date in August 2023. The actual lockout period may be longer.

With respect to Loan No. 2, 11 West 42nd Street, the borrower is permitted to prepay the 11 West 42nd Street whole loan in whole but not in part (i) on or after the payment date occurring in January 2028 without the payment of any prepayment premium or (ii) beginning on the payment date in July 2025 with the payment of a yield maintenance premium. Defeasance of the 11 West 42nd Street whole loan in whole but not in part is permitted after the date that is earlier of (i) two years from the closing date of the securitization that includes the last note of the 11 West 42nd Street to be securitized and (ii) August 6, 2026. The assumed defeasance lockout period of 25 payments is based on the anticipated closing date of the BMO 2023-5C1 securitization trust in August 2023. The actual lockout period may be longer.

With respect to Loan No. 3, Short Pump Town Center, defeasance of the Short Pump Town Center whole loan is permitted at any time after the earlier to occur of (a) the end of the two-year period commencing on the closing date of the securitization of the last portion of the Short Pump Town Center whole loan to be securitized and (b) July 6, 2026. The assumed defeasance lockout period of 24 payments is based on the closing date of the BMO 2023-5C1 securitization trust in August 2023. The actual lockout period may be longer.

With respect to Loan No. 3, Short Pump Town Center, the property size, UW NOI and Most Recent Occupancy exclude the Release Parcels, which includes (i) one or more parcels or outlots, (ii) the Dick's Sporting Goods Parcel and (iii) one or more Acquired Parcels or Acquired Expansion Parcels. An “Acquired Parcel” is a fee simple or leasehold interest to a parcel of the Short Pump Town Center Property that is acquired in a substitution in accordance with the loan documents. An “Acquired Expansion Parcel” means any parcel of land, together with any improvements thereon located, (a) constituting an integral part of, or adjoining to, or proximately located near, the shopping center of which the Short Pump Town Center Property is a part, (b) that is not owned by the borrower on the origination date and (c) is not an Acquired Parcel and is acquired by the borrower after the origination date.

With respect to Loan No. 5, ICP/IRG Holdings Portfolio, the lockout period will be at least 27 months beginning with and including the first payment date on June 1, 2023. The ICP/IRG Holdings Portfolio whole loan is prepayable at any time on or after the payment date occurring in June 2025, together with payment of a yield maintenance premium, if the ICP/IRG Holdings Portfolio whole loan is prepaid on or before December 1, 2027. Defeasance of the ICP/IRG Holdings Portfolio whole loan is permitted at any time after the date that is the earlier of two years after the closing date of the securitization that includes the last note to be securitized and the third anniversary of the first payment date. The assumed defeasance lockout period of 27 payments is based on the anticipated closing date of the BMO 2023-5C1 securitization trust in August 2023. The actual lockout period may be longer.

A-23

With respect to Loan No. 5, ICP/IRG Holdings Portfolio, from and after the Payment Guaranty Release Event described under “Description of the Mortgage Pool—Statistical Characteristics of the Mortgage Loans—Property Types” and “Description of the Mortgage Pool—Certain Terms of the Mortgage Loans—Single-Purpose Entity Covenants” in the prospectus (but only after the Permitted Prepayment Date or the Permitted Defeasance Date, as applicable), the mortgage loan documents permit the borrowers to obtain the release of any individual Mortgaged Property provided that, among other conditions, (i) the borrowers (x) after the second anniversary of the first monthly payment date (the “Permitted Prepayment Date”), prepay (together with any applicable yield maintenance premium), or (y) after the earlier of (a) the third anniversary of the first monthly payment date or (b) the second anniversary of the closing date of the securitization that includes the last promissory note to be securitized (the “Permitted Defeasance Date”), defease the mortgage loan in an amount equal to or in excess of 115% of the allocated loan amount for the individual Mortgaged Property to be released, (ii) after giving effect to such release, the debt service coverage ratio for the remaining Mortgaged Properties (as calculated under the related mortgage loan documents) is equal to or greater than the greater of (x) 1.31x and (y) the debt service coverage ratio immediately preceding such release, and (iii) the borrowers satisfy customary REMIC requirements.

With respect to Loan No. 5, ICP/IRG Holdings Portfolio, upon the request of the ICP/IRG Holdings Portfolio borrowers, the ICP/IRG Holdings Portfolio borrowers may obtain the release of certain specified release parcels without any required prepayment, defeasance, prepayment fee, yield maintenance premium or otherwise upon the satisfaction of certain conditions, including, but not limited to, satisfaction of customary REMIC requirements. If the Loan is included in a REMIC Trust and, immediately following a release of any release parcel, the ratio of the unpaid principal balance of the Loan to the value of the remaining mortgaged property is greater than 125%, the release will not be permitted unless the principal balance of the Loan is paid down by the borrower by an amount sufficient to satisfy REMIC Requirements.

With respect to Loan No. 6, California High Tech Logistics, the lockout period will be 12 payments beginning with and including the first payment date of May 1, 2023. The borrower is permitted to prepay the California High Tech Logistics whole loan (with the payment of the applicable yield maintenance premium) in whole but not in part. Additionally, prepayment of the California High Tech Logistics whole loan is not permitted unless the mezzanine borrower simultaneously makes a pro-rata prepayment of the mezzanine loan; provided, however that during the continuance of an event of default, the lender may accept a prepayment of the California High Tech Logistics whole loan without a simultaneous pro-rata prepayment of the mezzanine loan.

With respect to Loan No. 7, Cumberland Mall, the lockout period will be at least 27 payment dates beginning with and including the first payment date on June 1, 2023. Defeasance of the Cumberland Mall whole loan in full is permitted at any time after the earlier to occur of (i) April 14, 2026 or (ii) the date that is two years from the closing date of the securitization that includes the last Cumberland Mall whole loan note to be securitized. The assumed lockout period of 27 payments is based on the expected BMO 2023-5C1 securitization closing date in August 2023. The actual lockout period may be longer.

With respect to Loan No. 8, Gilardian NYC Portfolio II, at any time after the earlier to occur of (x) June 1, 2027 and (y) the date that is two years after the closing date of the securitization that includes the last pari passu note to be securitized, the whole loan documents permit the borrowers to obtain the release of any individual Gilardian NYC Portfolio II property from the lien of the mortgage up to two times during the term of the whole loan provided, among other conditions, (i) the borrowers defease the whole loan in an amount equal to at least 110% of the allocated loan amount for the individual Gilardian NYC Portfolio II property to be released, (ii) after giving effect to such release (a) the debt service coverage ratio for the Gilardian NYC Portfolio II whole loan and the related mezzanine loan with respect to the remaining Gilardian NYC Portfolio II properties is not less than (x) the debt service coverage ratio for the Gilardian NYC Portfolio II whole loan and the related mezzanine loan immediately preceding such release or (y) 1.10x and (b) the loan-to-value ratio for the Gilardian NYC Portfolio II whole loan and the related mezzanine loan with respect to the remaining mortgaged properties is not greater than the lesser of (x) the loan-to-value ratio for the Gilardian NYC Portfolio II whole loan and the related mezzanine loan immediately preceding such release or (y) 65.0%, and (iii) REMIC release requirements are satisfied. The assumed lockout period of 26 payments is based on the expected BMO 2023-5C1 securitization closing date in August 2023. The actual lockout period may be longer.

With respect to Loan No. 10, Back Bay Office, the lockout period will be at least 25 months beginning with and including the first payment date on August 6, 2023. Defeasance of the Back Bay Office whole loan, or prepayment of the Back Bay Office whole loan (together with, if prior to the payment date in January 2028, a prepayment fee equal to the greater of 1% of the unpaid principal balance and a yield maintenance premium) in full, but not in part, is permitted at any time after the earlier of (i) June 7, 2026 and (ii) the second anniversary of the date on which the entire Back Bay Office whole loan (other than Note A-1, Note A-2, Note B-1 and Note B-2) has been securitized. The assumed lockout period of 25 months is based on the expected BMO 2023-5C1 securitization cut-off date in August 2023. The actual lockout period may be longer.

With respect to Loan No. 11, Harborside 2-3, the lockout period will be at least 28 payment dates beginning with and including the first payment date on May 6, 2023. Defeasance of the Harborside 2-3 whole loan in full (but not in part) is permitted at any time following the earlier to occur of (i) April 4, 2026 or (ii) the date that is two years from the closing date of the securitization that includes the last pari passu note to be securitized. The assumed lockout period of 28 payments is based on the expected BMO 2023-5C1 securitization closing date in August 2023. The actual lockout period may be longer.

With respect to Loan No. 12, The Widener Building, defeasance of The Widener Building whole loan is permitted at any time after the earlier to occur of (i) the end of the two-year period commencing on the closing date of the securitization of the last promissory note representing a portion of The Widener Building whole loan to be securitized and (ii) June 9, 2026. The assumed defeasance lockout period of 25 payments is based on the anticipated closing date of the BMO 2023-5C1 securitization trust in August 2023. The actual lockout period may be longer.

With respect to Loan No. 14, Oxmoor Center, the borrower is permitted to defease the Oxmoor Center whole loan, in whole, but not in part, at any time after the earlier to occur of (i) two years from the closing date of the securitization that includes the last note to be securitized or (ii) May 25, 2026. The assumed defeasance lockout period of 26 payments is based on the expected BMO 2023-5C1 securitization closing date in August 2023. The actual lockout period may be longer.

With respect to Loan No. 15, Heritage Plaza, voluntary prepayment of the Heritage Plaza whole loan in whole (but not in part) is permitted on or after the monthly payment date in November 2027 without payment of any prepayment premium. Prepayment (together with any applicable prepayment premium) in whole (but not in part) of the Heritage Plaza whole loan is permitted on any business day prior to November 6, 2027. Defeasance of the Heritage Plaza whole loan in whole (but not in part) is permitted at any time after the earlier of (i) April 13, 2026 or (ii) the date that is two years from the closing date of the securitization that includes the last pari passu note of the Heritage Plaza whole loan to be securitized. The assumed defeasance lockout period of 27 payments is based on the expected BMO 2023-5C1 securitization closing date in August 2023. The actual lockout period may be longer.

A-24

With respect to Loan No. 17, Riverview Tower, the lockout period will be at least 25 payment dates beginning with and including the first payment date in August 2023. Defeasance of the Riverview Tower whole loan in full is permitted at any time after the earlier to occur of (i) June 28, 2026 and (ii) the date that is two years from the closing date of the securitization that includes the last pari passu note to be securitized. The assumed lockout period of 25 payments is based on the expected BMO 2023-5C1 securitization closing date in August 2023. The actual lockout period may be longer.

With respect to Loan No. 19, Grogan Portfolio, at any time after the date that is two years after the closing date of the BMO 2023-5C1 securitization trust, and prior to February 2, 2028, the borrowers may obtain the release of one or more of the Grogan Portfolio properties, provided that, among other things, (i) no event of default has occurred and is continuing, (ii) the borrowers defease a portion of the Grogan Portfolio mortgage loan equal to 120% of the allocated loan amount of the property being released, (iii) the DSCR for the remaining properties is no less than the greater of 1.89x and DSCR immediately prior to release, (iv) the debt yield for the remaining properties is no less than the greater of 13.95% the debt yield immediately prior to release, and (v) unless releasing less than 25% of the principal balance, the loan-to-value ratio for the remaining properties is equal to or less than the lesser of 31.98% and the loan-to-value immediately prior to release.

With respect to Loan No. 20, RH HQ, defeasance of the RH HQ whole loan is permitted at any time after the earlier of (i) two years from the start-up date of the REMIC formed in connection with the REMIC declaration made on May 19, 2023 or (ii) three years from the origination date. In addition, in the event that prior to the related defeasance lockout period, (i) the ground lessor (or an affiliate thereof) elects to exercise its right of first offer to purchase the Mortgaged Property, the lender may elect to require that the related borrower prepay the RH HQ whole loan in full, together with any applicable yield maintenance premium (provided that the lender may also elect to permit the ground lessor or an affiliate of the ground lessor to assume the RH HQ whole loan in accordance with the terms of the RH HQ whole loan documents) or (ii) an affiliate of the borrower (the “Fee Purchaser”), pursuant to its right of first offer or otherwise, elects to acquire the fee interest in the Mortgaged Property (in which case the Fee Purchaser is required to request proposed financing terms from 3650 REIT or its affiliates to the extent there is not then a loan secured by the fee interest in the Mortgaged Property that will not be paid off in connection with such acquisition) and either (a) 3650 REIT elects not to provide financing or (b) the Fee Purchaser and 3650 REIT are unable to come to mutually agreeable terms for such financing, then the borrower will be required to prepay the RH HQ whole loan in full, together with any applicable yield maintenance premium as a condition to such acquisition.

With respect to Loan No. 21, Select Parking NYC Portfolio, the lockout period will be at least 26 payment dates beginning with and including the first payment date in July 2023. Defeasance of the Select Parking NYC Portfolio whole loan in full is permitted at any time after the earlier to occur of (i) May 25, 2027 and (ii) the date that is two years from the closing date of the securitization that includes the last pari passu note to be securitized. The assumed lockout period of 26 payments is based on the expected BMO 2023-5C1 securitization closing date in August 2023. The actual lockout period may be longer.

With respect to Loan No, 22, Prime Storage Portfolio #3, the lockout period will be at least 25 payment dates beginning with and including the first payment date on August 6, 2023. Defeasance of the Prime Storage Portfolio #3 whole loan in full (but not in part) is permitted at any time following the earlier to occur of (i) June 28, 2026 or (ii) the date that is two years from the closing date of the securitization that includes the last pari passu note to be securitized. The assumed lockout period of 25 payments is based on the expected BMO 2023-5C1 securitization closing date in August 2023. The actual lockout period may be longer.

With respect to Loan No. 22, Prime Storage Portfolio #3, after the earlier to occur of (i) June 28, 2026 and (ii) two years from the date of the securitization of the last portion of the Prime Storage Portfolio whole loan, and prior to January 6, 2028, the borrowers may defease all or a portion of the Prime Storage Portfolio #3 whole loan and obtain the release of a property in connection with certain sales of such property or certain transfers of such property, provided that (i) in connection with a partial defeasance, the Prime Storage Portfolio #3 whole loan is partially defeased in an amount equal to the greater of (a) 120% of the allocated mortgage loan amount with respect to such individual property and (b) mortgage lender’s allocation of 100% of the net sales proceeds applicable to such individual property (and the Prime Storage Portfolio #3 Mezzanine Loans are prepaid in amount equal to the release price under the mezzanine loan documents), (ii) the DSCR with respect to the remaining properties is equal to or greater than the greater of (a) the DSCR immediately preceding such partial release and (b) the DSCR on June 28, 2023 and (iii) Borrower has delivered a REMIC opinion, and paid all of Mortgage Lender’s reasonable costs and expenses in connection with such defeasance. On and after January 6, 2028, the Borrowers may sell or dispose of one or more individual properties upon satisfying certain conditions under the Prime Storage Portfolio #3 whole loan documents.

With respect to Loan No. 24, Green Acres, the lockout period will be at least 31 payment dates beginning with and including the first payment date in February 2023. Prepayment of the Green Acres whole loan in full, together with any applicable yield maintenance premium, is permitted at any time on or after the earlier to occur of (i) the monthly payment date occurring in January 2026 and (ii) the date that is two years from the closing date of the securitization that includes the last pari passu note to be securitized. The assumed lockout period of 31 payments is based on the expected BMO 2023-5C1 securitization closing date in August 2023. The actual lockout period may be longer.

With respect to Loan No. 24, Green Acres, the borrowers may obtain a release of one or more Release Parcels. A “Release Parcel” is a parcel on the Green Acres property that is (a) non-income producing and unimproved for tenant occupancy and (b) the release of which does not have any adverse material effect, subject to satisfaction of certain conditions including, but not limited to, (i) no event of default has occurred and is continuing, (ii) regardless of whether such release of the Release Parcel is successfully consummated, the borrowers pay to the lender a processing fee in the amount of $15,000, (iii) the remaining property constitutes a separate tax lot (or the borrowers have filed an application for a separate tax lot and the borrower sponsor guarantees the payment of taxes on the Release Parcel pending the final issuance of such separate tax lot), (iv) the borrowers certify to the lender that the remaining property with all easements appurtenant and other permitted encumbrances thereto will not, strictly as a result of such transfer, be in violation of certain reciprocal easement agreements, the Walmart ground lease, the PILOT lease agreements or any then applicable law, statute, rule or regulation and (v) satisfaction of any REMIC release conditions.

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(13) Refers to (a) debt secured by the mortgaged property, (b) mezzanine debt and (c) preferred equity. See “Description of the Mortgage Pool—Additional Indebtedness—Existing Mezzanine Debt,” “—Preferred Equity and Preferred Return Arrangements” and “Certain Legal Aspects of the Mortgage Loans” in the prospectus for information related to mortgage loans with subordinate, mezzanine or other additional debt or preferred equity that permit subordinate, mezzanine or other additional debt in the future.

With respect to Loan No. 2, 11 West 42nd Street, concurrently with the funding of the 11 West 42nd Street whole loan, Bank of America, N.A. originated a mezzanine loan in the amount of $56,000,000 secured by the mezzanine borrower’s interests in the borrowers, as collateral for the mezzanine loan (the “Mezzanine Loan”). The Mezzanine Loan is coterminous with the 11 West 42nd Street whole loan. The Mezzanine Loan accrues interest at a rate of 14.00000% per annum and requires interest-only payments until its maturity date. A mezzanine intercreditor agreement was executed at loan origination. Subsequent to loan origination, the mezzanine loan was sold by Bank of America, N.A. to an affiliate of Taconic Capital.

With respect to Loan No. 2, 11 West 42nd Street, the borrower is permitted to enter into a “Property-Assessed Clean Energy loan” or any similar indebtedness (a “PACE Loan”) for an amount not to exceed $10,000,000, subject to the lender’s approval (not to be unreasonably withheld, conditioned or delayed) and delivery of a rating agency confirmation, which PACE Loan is (i) incurred for improvements to the mortgaged property for the purpose of increasing energy efficiency, increasing use of renewable energy sources, resource conservation, or a combination of the foregoing, and (ii) repaid through multi-year assessments against the mortgaged property. The lien resulting from any unpaid and delinquent PACE Loan payments would have property tax lien status.

With respect to Loan No. 6, California High Tech Logistics, concurrently with the origination of the California High Tech Logistics whole loan, a $10.0 million mezzanine loan was originated, secured by, among other things, the pledge of the direct equity interest in the California High Tech Logistics borrower. The California High Tech Logistics mezzanine loan accrues interest at a rate of 10.25% per annum and requires interest-only payments through the full term of the mezzanine loan. The $10.0 million mezzanine loan is not included in the BMO 2023-5C1 securitization trust.

With respect to Loan No. 8, Gilardian NYC Portfolio II, VOYA Commercial Mortgage Originator, LLC originated a mezzanine in the amount of $41,000,000 secured by the equity interests in 107 Mezz A, LLC, 245 Mezz A, LLC, 324 Mezz A, LLC, 1443 Mezz A, LLC, and 2410 Mezz A, LLC. The mezzanine loan is coterminous with the Gilardian NYC Portfolio II whole loan. The mezzanine loan accrues interest at a rate of 9.19800% per annum and requires interest-only payments until its maturity date.

With respect to Loan No. 10, Back Bay Office, the Back Bay Office whole loan is a Pari Passu-AB whole loan, and the controlling note as of the date hereof is the Note B-1. Upon the occurrence of certain trigger events specified in the co-lender agreement, however, control will generally shift first, to the Note A-1, then to the Note A-2 and then to the Note A-4-1, in each case, following certain trigger events under the co-lender agreement. Notwithstanding the foregoing, the Back Bay Office whole loan will be serviced and administered under the Benchmark 2023-B39 Pooling and Servicing Agreement. See “Description of the Mortgage Pool—The Whole Loans—The Non-Serviced AB Whole Loan—The Back Bay Office whole loan” for more information regarding the manner in which control shifts under the Back Bay Office whole loan and the servicing of the Back Bay Office whole loan.

With respect to Loan No. 10, Back Bay Office, RICP V Holdings, LLC has provided $40.0 million of mezzanine financing secured by the equity interests in the related borrower. The mezzanine loan is coterminous with the Back Bay Office whole loan and will require interest‐only payments through maturity at a fixed coupon of 10.12500%.

With respect to Loan No. 10, Back Bay Office, the Back Bay Office whole loan has two subordinate B-Notes with an aggregate principal balance of $65,000,000 co-originated by Deutsche Bank AG, New York Branch and Wells Fargo Bank, National Association with an interest rate of 8.20000%.

With respect to Loan No. 11, Harborside 2-3, the Harborside 2-3 whole loan is structured with a $55,000,000 mezzanine loan (the ""Harborside 2-3 Mezzanine Loan"") that accrues interest at (i) a rate per annum equal to 7.00% to be paid as part of each payment of the mezzanine monthly debt service payment amount resulting in a mezzanine monthly debt service payment amount of $325,289.35 and (ii) a rate per annum equal to 3.5% that accrues through the term of the Harborside 2-3 Mezzanine Loan and is scheduled to be due and payable on the maturity date resulting in a monthly debt service accrual amount of $162,644.68. The Mezzanine Debt Interest Rate (%), Total Debt Monthly Debt Service ($), Total Debt Underwritten NOI DSCR (x) and Total Debt Underwritten NCF DSCR (x) are based on an aggregate Harborside 2-3 Mezzanine Loan interest rate of 10.5% per annum.

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With respect to Loan No. 11, Harborside 2-3, in addition to the interest accruing on the outstanding principal balance of the Harborside 2-3 Mezzanine Loan at a rate of 7.0000% per annum to be paid as part of each monthly debt service payment amount and an additional 3.5000% per annum which shall accrue through the loan term and be due on the maturity date, the outstanding principal balance of the Harborside 2-3 Mezzanine Loan will accrue PIK interest at a rate of 2.29% per annum (the “PIK Interest”). The PIK Interest shall be due and payable together with each mezzanine monthly debt service payment amount if either of the following conditions are not satisfied as of April 6, 2028: (i) the PIK Leasing Condition (as defined below) or (ii) if the Harborside 2-3 Mezzanine Loan is not prepaid in full. If the PIK Leasing Condition has not been satisfied as of April 6, 2028 or the Harborside 2-3 Mezzanine Loan has not been prepaid in full prior to such date, then all accrued PIK Interest will automatically be converted and added to the outstanding principal balance of the Harborside 2-3 Mezzanine Loan as of such date, and become immediately due and payable by the borrowers to lender together with all other outstanding principal. The PIK Leasing Condition means delivery by the borrowers of evidence reasonably satisfactory to lender that 75% of the aggregate rentable square feet of the Harborside 2-3 mortgaged property and the neighboring Harborside 1 property is leased and occupied by tenants under leases satisfying the requirements set forth in their respective loan documents.

With respect to Loan No. 11, Harborside 2-3, the borrowers are permitted to obtain mezzanine financing in connection with the assumption of the Harborside 2-3 mortgage loan, provided that the Harborside 2-3 Mezzanine Loan is repaid simultaneously with such assumption. Future mezzanine debt is permitted subject to certain conditions, including, without limitation: (i) no event of default is continuing, (ii) the mezzanine loan is made by a lender reasonably acceptable to the mortgage lender and acceptable to the applicable rating agencies, (iii) the only collateral for such mezzanine loan is the direct equity interest in (x) the mortgage borrower and (y) the equity interest in the sole member entity holding the liquor license for the operation of the property (note – the mortgage loan is secured, in part, by a pledge of the direct equity interest in the holder of the liquor license), (iv) the mezzanine loan documents are reasonably satisfactory to the mortgage lender, (v) the mezzanine loan is non-recourse except for non-recourse carveouts substantially similar to those of the mortgage loan, (vi) the mezzanine lender enters into an intercreditor agreement reasonably acceptable to the mortgage lender and acceptable to the rating agencies, (vii) the mezzanine loan has a fixed rate of interest or a floating rate subject to delivery of an interest rate cap agreement, (viii) the maturity date of the mezzanine loan is not earlier than the maturity date of the Harborside 2-3 whole loan, (ix) borrower delivers a rating agency confirmation, (x) the LTV (inclusive of the mezzanine loan) shall not exceed 75.0%, (xi) the DSCR (whole loan only) as of the date of closing of the mezzanine loan is at least 1.81x and (xii) the DSCR (inclusive of the mezzanine loan) as of the date of closing of the mezzanine loan is at least 1.25x.

With respect to Loan No. 11, Harborside 2-3, the Harborside 2-3 whole loan is structured with a $19,000,000 preferred equity investment made by NongHyup Bank, in its capacity as Trustee of Milestone Harbor East Private Investment Trust. The preferred equity investment is made in an entity (the “Pref JV”) that is the indirect owner of one of the two TIC borrowers of the Harborside 2-3 whole loan and one of the two TIC owners of the neighboring Harborside 1 property. The preferred equity investment will be repaid only from net cash distributions to the Pref JV from capital transactions with respect to the Harborside 1 property and/or the Harborside 2-3 mortgaged property.

With respect to Loan No. 15, Heritage Plaza, the mortgage loan documents permit the direct owner of the borrower to obtain future mezzanine debt secured by the direct ownership interests in the borrower following or concurrently with a permitted assumption of the mortgage loan, subject to the terms and conditions of the related mortgage loan documents.

With respect to Loan No. 22, Prime Storage Portfolio #3, the Prime Storage Portfolio #3 whole loan is comprised of four pari passu senior promissory notes in the aggregate original principal amount of $405,870,000 (collectively, the “Prime Storage Portfolio #3 Senior Loan”), which was originated on June 28, 2023 by CREFI, one subordinate promissory Note B in the original principal amount of $64,130,000 (the “Prime Storage Portfolio #3 Note B”), which was originated on June 28, 2023 by CREFI.

With respect to Loan No. 22, Prime Storage Portfolio #3, concurrently with the funding of the Prime Storage Portfolio #3 whole loan, Carbon Capital VII LLC, originated a mezzanine A loan in the amount of $50,000,000 secured by the mezzanine A borrower’s interests in the borrowers, as collateral for the mezzanine A loan (the “Mezzanine A Loan”). The Mezzanine A Loan is coterminous with the Prime Stor-age Portfolio #3 whole loan. The Mezzanine A Loan accrues interest at a rate of 9.00000% per annum and requires interest-only payments until its maturity date. Concurrently with the funding of the Prime Storage Portfolio #3 whole loan, Citigroup Global Markets Realty Corp., originated a mezzanine B loan in the amount of $70,000,000 secured by the mezzanine B borrower’s interests in the borrowers, as col-lateral for the mezzanine B loan (the “Mezzanine B Loan”). The Mezzanine B Loan is coterminous with the Prime Storage Portfolio #3 whole loan. The Mezzanine B Loan accrues interest at a rate of 10.50000% per annum and requires interest-only payments until its maturity date.

With respect to Loan No. 24, Green Acres, the borrower is permitted to enter into a “Property-Assessed Clean Energy loan” (a “PACE Loan”) or other indebtedness for an amount not to exceed $10,000,000, without the consent of the lender or rating agency confirmation, which is (i) incurred for improvements to the mortgaged property for the purpose of increasing energy efficiency, increasing use of renewable energy sources, resource conservation, or a combination of the foregoing, and (ii) repaid through multi-year assessments against the mortgaged property. The lien resulting from any unpaid and delinquent PACE Loan payments would have property tax lien status.

(14) The Underwritten NOI DSCR (x), Underwritten NCF DSCR (x), Whole Loan Underwritten NCF DSCR (x) and Total Debt Underwritten NCF DSCR (x) for all partial interest-only mortgage loans were calculated based on the first 12 principal and interest payments after the origination date during the term of the mortgage loan.

(15) In certain cases, Underwritten TI / LC ($) is inclusive of certain credits for upfront reserves taken at closing.

With respect to Loan No. 15, Heritage Plaza, there is a 10% credit for the $5.0 million upfront TI/LC reserve.

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(16) With respect to some mortgage loans, historical financial information may not be available as a result of acquisition financing and/or recent construction.   With respect to Loan No. 4, Brookview Commons, historical financial information is not presented as the 30-36 Crosby Street Building and the 333 Main Street Building, together the Brookview Commons property, were built in two separate phases. Between 2020 and 2022, the occupancy for the 30-36 Crosby Street Building was 94.1%, 94.8%, and 92.9%, respectively.   With respect to Loan No. 5, ICP/IRG Holdings Portfolio, historical financials prior to 2022 are not available for the entire portfolio as the related mortgaged properties were in various stages of lease-up, renovation and re-positioning.   With respect to Loan No. 6, California High Tech Logistics, historical financials are not available as the seller did not provide historical financials.   With respect to Loan No. 16, Cosmos Portfolio, historical financials are not available as the seller did not provide historical financials.   With respect to Loan No. 19, Grogan Portfolio, historical financial information is not available as one property is leased to a sponsor affiliate and subject to a triple-net lease. Additionally, the other two properties were previously owned by the sponsor as an individual and the sponsor could not provide operating statements that exclude personal financials.   With respect to Loan No. 20, RH HQ, the historical cash flows are not available, as the property was acquired in 2021.   With respect to Loan No. 21, Select Parking NYC Portfolio, the historical financial information for year 2020 is not available because the borrower sponsor acquired the properties in 2021.

(17) With respect to Loan No. 9, Four Points Flushing, the mortgaged property is subject to a declaration of condominium. One of the related mortgagors (New Farrington Holdings, LLC) owns, in fee simple, the Garage Unit, the Hotel Unit, Units C01-C09 (retail/commercial units), and Units 201 and 202 (community space units). New Farrington Holdings, LLC owns a 71.516% undivided interest in the common ele-ments of the condominium. The other related mortgagor (Four Points Flushing Operations, LLC) leases the Hotel Unit from New Farrington Holdings, LLC under the terms of an operating lease). The condo-minium declaration is superior to the mortgage, however the related mortgagor controls the board of the condominium and the board has agreed that insurance/condemnation proceeds (in the event of casual-ty/taking) will be disbursed in accordance with the terms of the loan documents.

With respect to Loan No. 14, Oxmoor Center, the mortgaged property is ground leased by the borrower, as the ground lessee, under a ground lease with WMB 2, LLC and TWB Oxmoor 2, LLC, as successor-in-interest to PNC Bank, Kentucky, Inc., the trustee of the Trust under the Will of William Marshall Bul-litt, Deceased and Stock Yards Bank & Trust Company and the Trust under the Will of Thomas W. Bul-litt, Deceased, as the ground lessor. The borrower assumed the ground lease on May 9, 2003, which expires on September 30, 2057 and has two, 20-year extension options remaining. The current rent is $1,209,919.80 per annum, subject to increases of 3% per annum as set forth in the ground lease. How-ever, rent is scheduled to reset every 20 years equal to the greater of (x) 8% of fair market value and (y) rent from five years prior to the reset. The ground lessee’s interest in the ground lease is freely as-signable to the lender without the consent of the ground lessor and, in the event that it is so assigned, is further assignable by the lender without the need to obtain the consent of the ground lessor.

With respect to Loan No. 20, RH HQ, the related borrower has a leasehold interest in the mortgaged property pursuant to a 99-year ground lease for the site which commenced on December 13, 2021 and expires December 12, 2120. The annual ground rent for the ground lease is approximately $859,464.

With respect to Loan No. 24, Green Acres, the fee interest in a portion of the mortgaged property is owned by Walmart, an anchor tenant at the Walmart property, and Valley Stream Green Acres LLC (“Valley Stream”), a borrower, owns the leasehold interest in the Walmart property pursuant to a 36-year ground lease, dated as of February 22, 1989 (the “Walmart Ground Lease”), between Walmart, as ground lessor, and Valley Stream, as ground lessee. Valley Stream leased the Walmart property back to Walmart under two separate leases as described above. The term of the ground lease commenced on August 13, 1990 and expires August 12, 2026, with two additional six-year extension options. Ac-cording to the estoppel delivered by Walmart (the “Ground Lease Estoppel”), the base rent under the ground lease is a fixed amount equal to approximately $1,080,000 per annum (approximately $90,000 per month) during the initial term and approximately $1,500,000 per annum (approximately $125,000 per month) during the extension terms. The lease contains standard leasehold mortgagee protections in-cluding notice and cure rights, right to a new lease in the event of termination of the ground lease (in-cluding rejection of the ground lease in bankruptcy), and an agreement that no amendment or modifica-tion of the ground lease entered into without lender’s consent will be effective.

(18) Represents the amount deposited by the borrower at origination. All or a portion of this amount may have been released pursuant to the terms of the related mortgage loan documents.   With respect to Loan No. 3, Short Pump Town Center, the Upfront Other Reserve ($) consists of $241,234 for the Gap Rent Reserve Deposit.

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(19) Represents the monthly amounts required to be deposited by the borrower. The monthly collected amounts may be increased or decreased pursuant to the terms of the related mortgage loan documents. In certain other cases, all excess cash flow will be swept into reserve accounts in the event of certain conditions being triggered in the respective mortgage loan documents.

With respect to Loan No. 2, 11 West 42nd Street, the borrower is not required to make monthly tax deposit as long as (i) no cash trap event period exits and (ii) the borrower provides lenders with paid receipts or other evidence reasonably satisfactory that all taxes have been and continue to be fully and timely paid.

With respect to Loan No. 2, 11 West 42nd Street, the borrower is not required to make monthly insurance deposit as long as (i) no cash trap event period exits, (ii) the insurance is maintained pursuant to one or more blanket policies, and (iii) the borrower timely provides lender with evidence of renewal of such policies.

With respect to Loan No. 3, Short Pump Town Center, the borrowers are required to deposit reserves with respect to taxes, insurance, replacement reserves, and TI/LC only during such time as the lender determines that the debt yield is less than 12% as of the end of any two (2) consecutive calendar quarters). With respect to insurance reserves only, the lender will waive the requirements for insurance deposits if the borrower maintains insurance pursuant to a blanket policy and premiums have been paid not less than one year in advance.

With respect to Loan No. 5, ICP/IRG Holdings Portfolio, the borrowers are not required to make a $116,575 monthly deposit into the TI/LC reserve so long as no cash sweep period is continuing.

With respect to Loan No. 5, ICP/IRG Holdings Portfolio, the borrowers are required to deposit into an insurance reserve, on a monthly basis, 1/12th of the amount that will be sufficient to pay the insurance premiums due for the renewal of coverage afforded by such policies; provided, however, such insurance reserve has been conditionally waived so long as, among other things, (i) the borrowers maintain a blanket policy meeting the requirements of the mortgage loan documents and (ii) no event of default (as defined in the mortgage loan documents) is occurring.

With respect to Loan No. 6, California High Tech Logistics, the borrower is not required to make monthly deposits into the rollover reserve subaccount as long as (i) no event of default has occurred and is continuing, (ii) there are no defaults under the Riverside Brown Street lease and the Riverside Brown Street lease is in full force and effect, (iii) the Riverside Brown Street tenant remains obligated under the Riverside Brown Street lease to pay for and perform all repairs, tenant improvements and other work to the mortgaged property and (iv) with respect to High Tech Logistics, the net operating income for such entity plus (a) paid interest and tax expenses, (b) depreciation, (c) amortization, (d) other non-cash charges incurred during the applicable fiscal year, including, without limitation, non-cash impairment charges and (e) High Tech Logistics corporate restructuring charges (the “EBITDA”) remain above $2,220,000.

With respect to Loan No. 9, Four Points Flushing the borrowers are required to deposit into an eligible account (the “FF&E Reserve Account”) on each monthly payment date, an amount equal to the greater of (i) the FF&E Payment (as hereinafter defined) and (ii) the amount of the deposit (if any) then required by the franchisor on account of FF&E under the franchise agreement. The “FF&E Payment” means an amount equal to 1/12 of the applicable FF&E Percentage (as hereinafter defined) of the greater of (x) the annual gross revenues for the hotel related operations at the mortgaged property for the immediately preceding calendar year as reasonably determined by Lender and (y) the projected annual gross revenues for the hotel related operations at the mortgaged property for the calendar year in which such monthly payment date occurs as set forth in the approved annual budget. The FF&E Percentage means (i) from the origination date through and including the 12th monthly payment date, two percent, (ii) from the 13th monthly payment date through and including the 24th monthly payment date, three percent, and (iii) thereafter for so long as the Four Points Flushing mortgage loan is outstanding, four percent.

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With respect to Loan No. 9, Four Points Flushing, if at any time any or all of the Condominium Common Charges Conditions Precedent (as defined below) are no longer met, the borrowers will immediately begin to fund the monthly condominium charge deposit, on each monthly payment date an amount equal to one-twelfth (1/12) of the condominium common charges until such time as the condominium common charges conditions precedent are met. The Condominium Common Charges Conditions Precedent mean (i) no event of default, (ii) the borrowers will pay (or cause to be paid) the condominium common charges directly to the condominium, (iii) the borrowers are not in material default of any of its obligations under the condominium documents, beyond any applicable notice and cure periods, and (iv) no trigger period exists and be continuing.

With respect to Loan No. 10, Back Bay Office, the borrower is not required to make monthly deposits into the TI/LC reserve account until the undisbursed portion of the Upfront TI/LC Reserve of $26,723,400 is less than or equal to $15,000,000. Upon this event, the borrower will be required to deposit $213,969 into the TI/LC reserve account on a monthly basis.

With respect to Loan No. 12, The Widener Building, the Monthly Other Reserve ($) includes $32,768.23 of a reserve for municipal authority tenant improvements and leasing commissions on each payment date through and including the payment date occurring in January 2026.

With respect to Loan No. 14, Oxmoor Center, on each monthly payment date during a cash management period (other than a cash management period due solely to the occurrence of an anchor tenant trigger event), the borrower is required to deposit into a replacement reserve an amount equal to $7,641.19, and should the amount fall below $183,388.50 during a cash management period the borrower is obligated to deposit funds into the replacement reserve account until the amount equals or exceeds $183,388.50.

With respect to Loan No. 14, Oxmoor Center, on each monthly payment date during a cash management period (other than a cash management period due solely to the occurrence of an anchor tenant trigger event), the borrower is required to deposit an amount of $45,847.13 into the rollover reserve account and should the amount fall below $1,100,331 during a cash management period the borrower is required to make monthly deposits into the rollover reserve account in an amount necessary to raise the balance of the rollover reserve account to an amount equal to or exceeding $1,100,331.

With respect to Loan No. 14, Oxmoor Center, on each monthly payment date during the continuance of a cash management period, the borrower is required to deposit with the lender an amount equal to 1/12th of the taxes that the lender estimates will be payable during the next ensuing 12 months.

With respect to Loan No. 14, Oxmoor Center, on each monthly payment date during the continuance of a cash management period, the borrower is required to deposit with the lender an amount equal to 1/12th of the insurance premiums that the lender estimates will be payable for the renewal of the coverage afforded by the policies upon expiration thereof in order to accumulate sufficient funds to pay all such insurance premiums at least 10 days prior to the expiration of the policies. However, such requirement will be waived if the borrower provides evidence of an acceptable blanket policy to the lender and the insurance premiums payable have been prepaid for not less than one year in advance.

With respect to Loan No. 14, Oxmoor Center, on each monthly payment date during the continuance of a cash management period, the borrower is required to pay to the lender on the day that is 10 days prior to the date that rent is due under the terms of the ground lease, an amount equal to 1/12th of the annual amount of ground rent due by the borrower under the ground lease; such monthly deposit is not required if sufficient funds are available pursuant to the terms and provisions of the cash management agreement to make any applicable monthly ground rent deposit.

With respect to Loan No. 16, Cosmos Portfolio, the borrower is not required to make monthly deposits into the rollover reserve subaccount as long as (i) no event of default has occurred and is continuing, (ii) the leases with Cosmos Surfaces (the “Cosmos Tenant”) will be and continue in full force and effect and will not be subject to any default beyond any applicable grace or notice and cure period by either borrower of the Cosmos Tenant and (iii) Justh Holdings LLC quarterly earnings before interest, taxes, depreciation and amortization is equal to or greater than $1,885,060, as determined by the lender in its reasonable discretion.

With respect to Loan No. 18, Museum Tower, upon the occurrence and during the continuance of a SWM Event Period (as defined in the mortgage loan documents), the borrower will be required to deposit (i) on the following monthly payment date, an amount equal to $2,450,000 (the “SWM Initial Deposit Amount”) (in the form of cash or letter-of-credit) and (ii) on each monthly payment date thereafter (not to exceed 12 months of collections in the event the SWM Event Period has not terminated during such 12-month period), until such SWM Event Period is cured, $200,000 (such amount to be adjusted in the event of partial re-tenanting of the SWM space) into a reserve for re-leasing the SWM space (the “SWM Monthly Deposit Amount”). Notwithstanding the foregoing, upon the occurrence of a SWM Event Period and provided no other Sweep Event Period is then continuing, the borrower may opt to instead make a one-time deposit in the amount of $4,850,000 into the SWM reserve. Such amounts will be held for tenant improvements and leasing commissions that may be incurred in connection with re-leasing the SWM space. Additionally, if the borrower fails to deposit the SWM Initial Deposit Amount and/or any SWM Monthly Deposit Amount, the borrower sponsor will become personally liable for the repayment of such amounts to the extent of any deficiency under the mortgage loan documents.

With respect to Loan No. 20, RH HQ, the borrower is not required to make monthly deposits to the tax subaccount on account of taxes with respect to the mortgaged property, so long as (i) no event of default has occurred and is continuing, (ii) no cash trap event period has occurred and is continuing, (iii) the Restoration Hardware lease is in full force and effect and no monetary default or material non-monetary default beyond any applicable cure period is continuing thereunder, (iv) Restoration Hardware is required under the Restoration Hardware lease to pay all taxes directly to the appropriate governmental taxing authority or to reimburse the borrower for the payment of taxes in accordance with the terms of the Restoration Hardware lease, and (v) the borrower or Restoration Hardware pays all taxes with respect to the property directly to the applicable governmental taxing authority and the borrower delivers to the lender evidence thereof no later than 15 days before the date such taxes would be delinquent if not paid.

With respect to Loan No. 20, RH HQ, the borrower is required to deposit into an insurance reserve on a monthly basis, 1/12th of the amount that will be sufficient to pay the insurance premiums due for the renewal of coverage afforded by such policies; provided, however, such insurance reserve has been conditionally waived so long as, among other things, (i) the borrowers maintain a blanket policy meeting the requirements of the mortgage loan documents and (ii) no event of default (as defined in the mortgage loan documents) is occurring.

With respect to Loan No. 20, RH HQ, the related borrower is not required to make a $1,632.52 monthly deposit into the replacement reserve so long as no event of default or cash trap event is continuing.

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With respect to Loan No. 20, RH HQ, the borrower is not required to make a $16,325.17 monthly deposit into the TI/LC reserve so long as no event of default or cash trap event period is continuing.

With respect to Loan No. 20, RH HQ, the borrower is not required to make monthly ground rent deposits so as long as no cash trap event is continuing, provided, however, in the event that the borrower shall fail to make any payment of ground rent on or prior to the date that the same is due and payable, then the borrower is required to make monthly deposits to the ground rent reserve for the remainder of the term of the loan.

With respect to Loan No. 21, Select Parking NYC Portfolio, if at any time the condominium assessment reserve contains less than one month’s worth of assessments, the borrower is required to make a deposit into the condominium assessments reserve account in the amount sufficient to pay one month’s worth of assessments for the condominium.

With respect to Loan No. 24, Green Acres, at such time as the balance of the rollover account reaches an amount equal to 24 times the required monthly deposit without taking into account any amounts de-posited therein in respect of lease termination and modification payments (the “Rollover Account Cap”), the borrower’s obligation to make monthly deposits into the rollover account will be suspended until such time as the balance of the rollover account falls below the Rollover Account Cap, at which time, the borrower’s obligation to make monthly deposits will be reinstated as of the immediately succeeding monthly payment date. The borrowers’ upfront deposit of approximately $743,644 in respect of gap rent is not included in the calculation of the rollover reserve balance for purposes of calculating the Rollover Reserve Cap.

(20) Represents a cap on the amount required to be deposited by the borrower pursuant to the related mortgage loan documents. In certain cases, during the term of the mortgage loan, the caps may be altered or terminated subject to conditions of the respective mortgage loan documents.   With respect to Loan No. 2, 11 West 42nd Street, the CapEx Reserve Cap is equal to $288,170.   With respect to Loan No. 3, Short Pump Town Center, the reserves have various caps as follows: Replacement Reserve; $254,198 and Rollover Reserve Threshold: $2,541,976 (exclusive of the upfront rollover reserve deposit).   With respect to Loan No. 5, ICP/IRG Holdings Portfolio, the TI/LC Reserve Cap ($) is equal to $1,830,000, excluding the initial deposit of $3,000,000.   With respect to Loan No. 11, Harborside 2-3, the TI/LC Reserve Cap is equal to $15,000,000. On each monthly payment date that the amount in the tenant improvements and leasing commissions reserve account is less than $10,000,000, the borrowers are required to deposit into the tenant improvements and leasing commissions reserve account an amount equal to approximately $133,252.   With respect to Loan No. 13, 107 Tom Starling Road, the TI/LC Reserve Cap is equal to $500,000. The borrower is required to deposit on each monthly payment date an amount equal to approximately $19,140 into the tenant improvements and leasing commissions reserve account for so long as the amount on deposit is less than $500,000.   With respect to Loan No. 24, Green Acres, the borrowers are not required to make any monthly deposits to the rollover reserve account when the rollover reserve balance is equal to the sum of 24 monthly de-posits, currently estimated to be $2,094,342 (the “Rollover Reserve Cap”). The borrowers’ upfront de-posit of approximately $743,644 in respect of gap rent is not included in the calculation of the rollover reserve balance for purposes of calculating the Rollover Reserve Cap.   With respect to Loan No. 25, Little Rock Self Storage Portfolio, the CapEx Reserve Cap is equal to $57,432. The borrowers will have no obligation to make any replacement reserve monthly deposit on any monthly payment date to the extent the amount of replacement reserve funds on deposit in the re-placement reserve account equals or exceeds an amount equal to the sum of 24 replacement reserve monthly deposits.

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(21) In certain cases, the data for tenants occupying multiple spaces includes square footage only from the primary spaces sharing the same expiration date and may not include smaller spaces with different expiration dates.   With respect to Loan No. 2, 11 West 42nd Street, the Largest Tenant, Michael Kors (USA), Inc, has 330 square feet of storage space that expires on November 30, 2023, 6,436 square feet of office space that expires on March 31, 2025; 236,974 square feet of office and storage space that expires on March 31, 2026 and 10,745 square feet of office space that expires on September 30, 2029.   With respect to Loan No. 2, 11 West 42nd Street, the Fourth Largest Tenant, Kohn Pedersen Fox Asso-ciates, P.C., has 15,400 square feet of office space that expires on April 30, 2027 and 77,388 square feet of office space that expires on May 31, 2038.   With respect to Loan No. 9, Four Points Flushing, the tenant Dock 3366 has 2,903 square feet expiring on June 30, 2029, and 8,265 square feet expiring on January 31, 2033.   With respect to Loan No. 14, Oxmoor Center, the Largest Tenant, Macy’s, has 271,390 square feet of retail space that expires on January 31, 2026, and 6,951 square feet of storage space that expires on July 31, 2025.   With respect to Loan No. 15, Heritage Plaza, Lime Rock Management LP extended its lease through October 31, 2029 after the loan origination date. The tenant has the option to extend its lease, as amended, to the date that is 135 full calendar months (the ""Ten Year Option"") following the first exten-sion period commencement date of April 1, 2024. In the event the tenant exercises the Ten-Year Option, the lease expiration will be June 30, 2035.   With respect to Loan No. 24, Green Acres, the Largest Tenant, Macy’s, leases 266,676 square feet ex-piring on August 18, 2026 and 123,827 square feet expiring on July 31, 2034.   With respect to Loan No. 24, Green Acres, the Second Largest Tenant, Walmart, has 173,450 square feet expiring August 31, 2028, and also temporarily occupied certain temporary space under a lease that commenced February 1, 2022 and expired January 31, 2023.   With respect to Loan No. 24, Green Acres, the Fourth Largest Tenant, BJ’s Wholesale Club, leases 127,750 square feet and includes a recently executed lease for a 5,000 square feet fueling station that has an expected rent commencement date of September 1, 2023.

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(22) With respect to the footnotes hereto, no footnotes have been provided with respect to tenants that are not among the five largest tenants by square footage for any mortgaged property.   With respect to Loan No. 5, ICP/IRG Holdings Portfolio, the Largest Tenant at the Romulus – Huron Mortgaged Property, Renaissance Global Logistics, LLC, occupies one space totaling 370,514 square feet with a lease expiration date of August 31, 2025, one space totaling 185,870 square feet with a lease expiration date of October 31, 2026 and one space totaling 270,220 square feet with a lease expiration date of January 31, 2027.   With respect to Loan No. 5, ICP/IRG Holdings Portfolio, the Largest Tenant at Cleveland American Industrial Mortgaged Property, Graphic Packaging International, LLC, occupies one space totaling 23,016 square feet on a month-to-month basis and one space totaling 150,743 square feet with a lease expiration date of November 30, 2025.   With respect to Loan No. 5, ICP/IRG Holdings Portfolio, the Second Largest Tenant at Cleveland American Industrial Mortgaged Property, TRG Studios, Inc., occupies one space totaling 37,619 square feet with a lease expiration date of September 30, 2025 and one space totaling 118,904 square feet with a lease expiration date of July 31, 2031.   With respect to Loan No. 5, ICP/IRG Holdings Portfolio, the sole tenant at the Invacare Mortgaged Property, Invacare Corporation, and two affiliated companies filed for Chapter 11 bankruptcy in January 2023 in the United States Bankruptcy Court for the Southern District of Texas, Houston Division. In May 2023 Invacare Corporation and such affiliated companies emerged from Chapter 11 bankruptcy. Concurrently with such emergence, Invacare Corporation executed an amended and restated lease that, among other things, (i) reduced the term of its original lease by 7 years (from an original term expiring on April 30, 2035 to an amended term expiring on April 30, 2028) and (ii) added a termination option as described under “Description of the Mortgage Pool—Tenant Issues—Unilateral Lease Termination Rights” in the prospectus.   With respect to Loan No. 18, Museum Tower, the Largest Tenant, Stearns Weaver Miller, has the right to terminate its lease of space on the 20th floor totaling approximately 13,640 SF with 120 days’ written notice. The Third Largest Tenant, GSA-Federal Public Defenders, has the ongoing right to terminate its lease after March 2032 with 120 days’ written notice. Additionally, the Fifth Largest Tenant, Miami Dade TPO, has the ongoing right to terminate its lease after June 2025 with 180 days’ written notice and payment of a termination fee equal to unamortized TI/LCs   With respect to Loan No. 18, Museum Tower, the Second Largest Tenant, Mana Miami Management, LLC, is a borrower-affiliate. The related lease is guaranteed by the loan sponsors and runs through April 2038, approximately ten years beyond the mortgage loan maturity.   With respect to Loan No. 19, Grogan Portfolio, the sole tenant at the Sweet Sam’s Factory mortgaged property, Sweet Sam’s Baking Company, LLC, is a guarantor affiliate. The related lease is guaranteed by the non-recourse carve-out guarantor through the loan maturity date.   With respect to Loan No. 20, RH HQ, in the event the sole tenant at the related Mortgaged Property, Restoration Hardware, does not exercise its renewal option, it is required to surrender (i) approximately 1/3rd of its space twelve months prior to the related lease expiration date in May 2028 and (ii) approximately 1/3rd more of its space six months prior to such lease expiration date. On each surrender date, as applicable, the related rent is required to be proportionally adjusted to reflect the remaining portion of the space Restoration Hardware has the right to occupy.

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(23) The lease expirations shown are based on full lease terms; however, in some instances, the tenant may have the option to terminate its lease with respect to all or a portion of its leased space prior to the expiration date shown. In addition, in some instances, a tenant may have the right to assign its lease or sublease the leased premises and be released from its obligations under the subject lease.

With respect to Loan No. 2, 11 West 42nd Street, the Fifth Largest Tenant, Burberry (Wholesale) Limited, has the option to terminate its lease on December 31, 2033 by giving a 20 months’ prior written notice and paying a termination fee.

With respect to Loan No. 7, Cumberland Mall, the Second Largest Tenant, Round 1 Bowling & Amusement (""Round 1”), has the right to terminate its lease if between March 2026 and the last day of February 2027 Round 1’s net sales fail to exceed $7,500,000. Round 1 has 90 days following such one year period to terminate its lease by providing the landlord with 180 days’ prior notice and payment of a termination fee equal to the unamortized portion of its construction allowance and the broker fee paid by the landlord to Round 1’s broker. Additionally, if for a period of 18 months (x) less than 65% of the square footage within the in-line area of the Mortgaged Property and two anchor tenants (excluding the leased premises) are operating and open for business with the general public and (y) Round 1’s net sales have declined by more than 10%, Round 1 may elect to terminate its lease by providing 90 days’ advance written notice to the landlord within 60 days following such 18-month period.

With respect to Loan No. 7, Cumberland Mall, the Third Largest Tenant, Dick's Sporting Goods (“DSG”) may terminate its lease if Foot Locker prohibits or otherwise restricts DSG’s use of its leased premises via Foot Locker's exclusivity right and such failure continues for 15 days following written notice from DSG to the landlord. Additionally, DSG will pay the lesser of 3% of its gross sales and minimum rent if Costco and Macy’s (or their acceptable replacement tenants) and at least 65% of the remaining interior in-line area of the Mortgaged Property are not open, fully staffed, stocked and operated in substantially all of the respective premises for over 180 days (the “Ongoing Co-Tenancy Requirement”) from the beginning of the first full calendar month following such 180 day period and continuing until the month the Ongoing Co-Tenancy Requirement is rectified. If the violation continues for over 12 months, DSG can terminate its lease by providing 60 days’ prior written notice to the landlord within 60 days following the expiration of such 12-month period.

With respect to Loan No. 7, Cumberland Mall, the Fifth Largest Tenant, H&M, may terminate its lease if (x) its net sales fail to exceed $7,050,000 between January 1, 2027 and December 31, 2027 or (y) its net sales fail to exceed $7,755,000 between January 1, 2029 and December 31, 2029, in either case by providing 365 days’ prior written notice to the landlord within 180 days following the expiration of such 12-month period and payment of a termination fee equal to 50% of the unamortized portion of its construction allowance (amortized on a straight-line basis over 10 years commencing on the date H&M opened for business at the Cumberland Mall Mortgaged Property).

With respect to Loan No. 7, Cumberland Mall, the Fifth Largest Tenant by underwritten base rent, Foot Locker, had its lease expire on April 30, 2023. Foot Locker is still open and operating in its leased space while it continues negotiating a lease extension with the landlord. There is no assurance that Foot Locker will continue to be open and operate its space or that it will reach an agreement to extend its lease with the landlord.

With respect to Loan No. 10, Back Bay Office, the Largest Tenant, Wayfair, is currently dark in the entirety of its space. As of the origination date, Wayfair is current on rent and has no termination or contraction options during its lease term expiring in December 2031.

With respect to Loan No. 10, Back Bay Office, the Largest Tenant, Wayfair, subleases 19,523 SF (representing 1.5% of total NRA at the Back Bay Office Mortgaged Property) of its space to Drift.com for $57.50 per SF pursuant to a sublease which expires on December 31, 2024.

With respect to Loan No. 10, Back Bay Office, the Fourth Largest Tenant, Cooley, has the one time right to terminate its space on the 16th floor (14,562 SF) as of May 31, 2025 with between 12 to 18 months' written notice and the payment of a termination fee equal to three months of net rent and operating costs for the period immediately following the termination option, plus the unamortized pro-rata extension transaction cost.

(24) With respect to Loan No. 2, 11 West 42nd Street, there is no non-recourse carveout guarantor or environmental indemnitor separate from the borrower.   With respect to Loan No. 3, Short Pump Town Center, so long as Forest City Realty Trust, LLC (or an affiliate) is the non-recourse carveout guarantor, the non-recourse carveout guarantor’s aggregate liability is limited to 20% of the mortgage loan amount, plus all of the reasonable out-of-pocket costs and expenses (including court costs and reasonable attorneys’ fees) incurred by the lender in the enforcement of the related guaranty or the preservation of the lender’s rights under such guaranty.   With respect to Loan No. 21, Select Parking NYC Portfolio, the sole tenant at each of the Select Parking NYC Portfolio properties is an affiliate of the borrower sponsor and carveout guarantor who also guarantees the lease.

(25) Each letter identifies a group of related borrowers.

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(26) The classification of the lockbox types is described in the prospectus. See “Description of the Mortgage Pool—Certain Calculations and Definitions” in the prospectus for further details.   With respect to Loan No. 4, Brookview Commons, there is no lockbox/cash management arrangement.   With respect to Loan No. 24, Green Acres, the borrowers are required to cause rents to be deposited by the tenants into a lockbox account established at origination under the Green Acres whole loan docu-ments, and the borrowers will have access to the funds in the lockbox account and use the lockbox ac-count as an operating account so long as no trigger period continues. During the continuance of a trig-ger period, as defined in the Green Acres whole loan documents, the borrowers will not have any further access to the funds in the lockbox account except as otherwise expressly provided in the Green Acres whole loan documents.

(27) With respect to Loan No. 1, Gateway Center South, the Mortgaged Property benefits from an ICIP tax abatement, which provides for a 50% exemption in the 2022/2023 and 2023/2024 tax years, which then phases down by 10% annually, resulting in a 40% exemption in the 2024/2025 tax year, a 30% exemp-tion in the 2025/2026 tax year, a 20% exemption in the 2026/2027 tax year, and a 10% exemption in the 2027/2028 tax year, and expires thereafter. The Gateway Center South whole loan was underwritten based on the abated taxes.   With respect to Loan No 9, Four Points Flushing, the mortgaged property receives benefits under the Industrial and Commercial Abatement Program (“ICAP”). The ICAP benefits began in 2020/2021 and will continue for a period of 15 years.   With respect to Loan No. 24, Green Acres, both Green Acres Mall (excluding the Walmart parcel) and Green Acres Commons benefit from 10-year tax abatements pursuant to respective payment-in-lieu of taxes agreements dated May 1, 2015 (the “PILOT Agreements”), between the borrowers and the Town of Hempstead Industrial Development Agency (the “Hempstead IDA”), which expire on December 31, 2026, with one, five-year extension period. The extension of the PILOT documents requires the consent of the Hempstead IDA. In 2018, the Hempstead IDA attempted to withdraw and terminate the PILOT documents, and such attempt was overruled by the court. In connection with the PILOT Agreements, the borrowers lease the Green Acres Property (excluding the Walmart parcel) to the Hempstead IDA pursuant to the master leases, and the Hempstead IDA subleases the Green Acres Property (excluding the Walmart parcel) back to the borrowers. Such leases will be terminated upon the termination of the PILOT Agreements. Pursuant to the terms of the PILOT Agreements and the related leases, the bor-rowers are obligated to, among other things, (i) comply with certain full-time employment commitments and (ii) in exchange for certain exemptions from property taxes on real and personal property, make annual payment-in-lieu of taxes payments for the 2016 through the 2026 tax years. A failure of the bor-rowers to comply with the PILOT Agreements may result in an early termination of the PILOT Agree-ments or a return of certain tax benefits received by the borrowers to the Hempstead IDA. Total annual payment-in-lieu of taxes payments payable by the borrowers commenced at $14,140,000 and increased to $15,400,000 during the fourth and fifth tax abatement years and are equal to $16,300,000 during the second five tax abatement years. Real estate taxes were underwritten based on the actual tax bills for all of the property tax parcels at the Green Acres Property (including the Walmart parcel), inclusive of any tax reimbursements or expenses payable by the tenants and payment-in-lieu of taxes (“PILOT”) payable by the borrowers for 2022 under the related PILOT documents. According to the appraisal, the tax benefits for 2023 under the PILOT documents are expected to be $15,365,892, and if the PILOT documents are not renewed, the total amount of real estate taxes payable by the borrowers is expected to increase by approximately $17.1 million in 2027.

(28) With respect to Loan No. 12, The Widener Building, 69,420 square feet of the mortgaged property (representing approximately 15.7% of gross rentable area) is leased to an affiliate of the borrower pursuant to the related master lease dated as of June 9, 2023. The master lease is scheduled to expire on June 30, 2033. The borrower may terminate all or a portion of the Master Lease on the date that (i) Philadelphia Municipal Court any other third-party tenant signs a new lease covering all or a portion of the space leased under the Master Lease and (ii) the applicable third-party tenant begins to pay rent under such lease. In the event that a third-party replacement tenant occupies the entirety of the space currently leased under the Master Lease, the amount of rent payable by such third-party tenant may be lower than the amount of rent currently payable by the master tenant under the Master Lease if the lender determines that The Widener Building Property has achieved a 92.5% occupancy rate (without taking into account the master lease). During the first five years of the master lease term, the annual rent under the master lease is $1,735,500, representing approximately 27.0% of underwritten net cash flow from the mortgaged property, and the underwritten debt-service coverage ratio for The Widener Building mortgage loan calculated without including the master lease rent is 1.21x. Commencing in year six of the master lease term, the annual rent increases to $1,822,275 for the remainder of the master lease term.

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(29) Property Located Within a Qualified Opportunity Zone (Y/N) reflects mortgaged properties that are located in qualified opportunity zones (""QOZs"") under Internal Revenue Code § 1400Z-2 - Notice 2018-48 and Notice 2019-42. According to the Internal Revenue Service, (1) a QOZ is an economically distressed community where new investments, under certain conditions, may be eligible for preferential tax treatment, and (2) localities qualify as QOZs if they have been nominated for that designation by a state, the District of Columbia, or a U.S. territory and that nomination has been certified by the Secretary of the Treasury via his delegation of authority to the Internal Revenue Service. No representation is made as to whether any Mortgaged Properties located in QOZs or the related borrowers are eligible for such preferential tax treatment or whether any qualifying investment has been made in a QOZ.   With respect to Loan No. 4, Brookview Commons, the mortgaged property is located in a Qualified Opportunity Zone.   With respect to Loan No, 9, Four Points Flushing, the mortgaged property is located in a Qualified Opportunity Zone.   With respect to Loan No. 16, Cosmos Portfolio, the 6582 Peachtree Industrial Blvd mortgaged property is located in a Qualified Opportunity Zone.   With respect to Loan No. 22, Prime Storage Portfolio #3, the Prime Storage Queens Jamaica, Prime Storage Hardeeville, Prime Storage Saco and Prime Storage North Miami mortgaged properties are located in a Qualified Opportunity Zone.

(30) With respect to Loan No. 7, Cumberland Mall, the borrowers may obtain the release of (A) one or more vacant, non-income producing and unimproved parcels (including “air rights” parcels but excluding any anchor tenant parcel), including, without limitation, certain pre-approved release parcels set forth in the Cumberland Mall whole loan documents or (B) any Acquired Parcel (as defined below) or any other parcel of land constituting an integral part of, or adjoining to the shopping center of which the Cumberland Mall property is a part and is not owned by the borrower on the origination date (each, an “Expansion Parcel”), including any anchor tenant parcel that is an Expansion Parcel, upon satisfaction of specified conditions including, among other things, that (i) there is no event of default, (ii) the parcel subject to the release is not necessary for the remaining Cumberland Mall Property to comply with zoning or legal requirements, (iii) confirmation that the release will not result in the downgrade, withdrawal or qualification of the then current rating assigned to any class of certificates, (iv) the release will not result in a loan-to-value ratio that does not comply with REMIC guidelines, provided that the borrowers may prepay the Cumberland Mall whole loan, without any prepayment fee or yield maintenance premium, to achieve such condition, and (v) the release will not result in a material diminution in the value of the Cumberland Mall Property.

With respect to Loan No. 7, Cumberland Mall, the borrowers are permitted to obtain the release of collateral parcels (an “Exchange Parcel”) from the lien of the mortgage in exchange for the substitution of new parcels in which the borrowers acquire a fee or leasehold interest (each, an “Acquired Parcel”) as collateral for the Cumberland Mall whole loan upon 20 days prior notice, subject to the satisfaction of certain conditions, including among other things, that: (i) the Exchange Parcel is vacant, non-income producing and unimproved or improved only by landscaping, surface parking or utility facilities that are readily relocatable or that will continue to serve the Cumberland Mall Property, (ii) the Acquired Parcel is reasonably equivalent in value to the Exchange Parcel, as established by a letter of value from the appraiser which appraised the Cumberland Mall Property or an appraiser of comparable experience selected by the borrowers, (iii) with respect to the Acquired Parcel, the borrowers have delivered, among other things (a) an environmental report indicating no hazardous substances except for nominal amounts (except as permitted under clause (d) below), (b) security documents creating a mortgage lien on the Acquired Parcel, and title insurance, (c) if the Acquired Parcel is improved, subject to certain exceptions, a property condition report indicating that the Acquired Parcel is in good condition and (d) if repairs are recommended by the property condition report or if the environmental report discloses the presence of hazardous materials at the Acquired Parcel, in each case in an amount equal to or greater than $10,000,000, cash or an indemnity from the guarantor, certain of its affiliates, or an entity otherwise meeting ratings or financial tests set forth in the Cumberland Mall whole loan documents, in an amount equal to 125% of any estimated repairs or remediation costs, as applicable, (iv) the substitution will not result in a loan-to-value ratio that does not comply with REMIC guidelines, provided that the borrowers may prepay the Cumberland Mall whole loan, without any prepayment fee or yield maintenance premium, to achieve such condition, (v) the borrowers acquire fee or leasehold title in the Acquired Parcel and (vi) the lender has received a rating agency confirmation from the applicable rating agencies, unless the applicable rating agency declines or fails to respond to the request for such confirmation.

With respect to Loan No. 10, Back Bay Office, in reference to the cash management trigger, the low debt yield trigger will activate if the debt yield is less than 9.10% for the Back Bay Office whole loan or the aggregate debt yield is less than 8.50% for the Back Bay Office whole loan and Back Bay Office Mezzanine Loan.

With respect to Loan No. 15, Heritage Plaza, the borrower is required to pay to the lender, concurrently with the closing of a prospective transfer, non-refundable assumption fees in an amount equal to $250,000 (or, if material modifications of the loan documents are required in connection with such transfer due to a request by the borrower or the transferee, an amount equal to $350,000).

With respect to Loan No. 24, Green Acres, the lender is insured under an environmental insurance policy obtained (i) in lieu of obtaining a Phase II Environmental Site Assessment, (ii) in lieu of providing an indemnity or guaranty from a borrower sponsor or (iii) to address environmental conditions or concerns. For additional information, see “Risk Factors—Risks Related to the Mortgage Loans—Adverse Environmental Conditions at or Near Mortgaged Properties May Result in Losses” and “Description of the Mortgage Pool—Environmental Considerations” in this Preliminary Prospectus.

(31) With respect to Loan No. 10, Back Bay Office, the increase from the Most Recent NOI ($) to Underwritten Net Operating Income ($) is primarily driven by six leases which commenced or renewed/extended in October 2022 or later, representing 11.6% of the net rentable area, the rent average benefit for investment grade and law firm tenants included in a legal industry magazine listing of the top 100 United States law firms by revenue, contractual rent steps, and an increase in recoveries.

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(32) Intentionally blank

(33) With respect to Loan No. 5, ICP/IRG Holdings Portfolio, the borrowers own the related mortgaged property as tenants–in–common.   With respect to Loan No. 11, Harborside 2-3, the borrowers own the related mortgaged property as tenants– in–common.   With respect to Loan No. 12, The Widener Building, the mortgage loan has one or more borrowers that own all or a portion of the related mortgaged property as tenants–in–common, and the respective tenants-in-common have agreed to a waiver of their rights of partition.

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