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| | The depositor has filed a registration statement (including a prospectus) with the SEC (File No. 333‐261279) for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement and other documents the depositor has filed with the SEC for more complete information about the depositor, the issuing entity and this offering. You may get these documents for free by visiting EDGAR on the SEC web site at www.sec.gov. Alternatively, the depositor or any underwriter or dealer participating in the offering will arrange to send you the prospectus if you request it by calling toll free 1‐800‐294‐1322 or by email to dg.Prospectus_Requests@bofa.com. | |
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| 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 (1) | Mortgage Loan Seller (1) | Related Group | Crossed Group | Address | City | County | State | Zip Code | General Property Type |
| 1 | Loan | 5, A | 1 | Conair Glendale | 9.9% | 100.0% | WFB | WFB | NAP | NAP | 7311 & 7475 North Glen Harbor Boulevard, 10669 & 10691 West Vista Avenue | Glendale | Maricopa | AZ | 85307 | Industrial |
| 2 | Loan | 5, 9 | 1 | 100 & 150 South Wacker Drive | 9.2% | 100.0% | WFB | WFB | NAP | NAP | 100 & 150 South Wacker Drive | Chicago | Cook | IL | 60606 | Office |
| 3 | Loan | 5, 6, 7 | 3 | Orlando Office Portfolio | 9.2% | | WFB | WFB | NAP | NAP | Various | Orlando | Orange | FL | Various | Office |
| 3.01 | Property | | 1 | 390 North Orange | 3.2% | 34.3% | | | | | 390 North Orange Avenue | Orlando | Orange | FL | 32801 | Office |
| 3.02 | Property | | 1 | Citrus Center | 3.1% | 34.1% | | | | | 255 South Orange Avenue | Orlando | Orange | FL | 32801 | Office |
| 3.03 | Property | | 1 | One Orlando Centre | 2.9% | 31.6% | | | | | 800 North Magnolia Avenue | Orlando | Orange | FL | 32803 | Office |
| 4 | Loan | 5, 10, 11, B | 1 | CX - 250 Water Street | 7.8% | 100.0% | BANA/WFB | BANA/WFB | NAP | NAP | 250 Water Street | Cambridge | Middlesex | MA | 02141 | Mixed Use |
| 5 | Loan | 5, 6, 7, 12, 13, C | 7 | Brandywine Strategic Office Portfolio | 7.1% | | BANA/WFB | BANA/WFB | NAP | NAP | Various | Various | Various | Various | Various | Office |
| 5.01 | Property | | 1 | 401-405 Colorado | 1.8% | 25.6% | | | | | 401-405 Colorado Street | Austin | Travis | TX | 78701 | Office |
| 5.02 | Property | | 1 | 1900 Market | 1.8% | 25.2% | | | | | 1900 Market Street | Philadelphia | Philadelphia | PA | 19103 | Office |
| 5.03 | Property | | 1 | The Bulletin Building | 1.4% | 20.2% | | | | | 3025 Market Street | Philadelphia | Philadelphia | PA | 19104 | Office |
| 5.04 | Property | | 1 | Four Points Centre 3 | 0.7% | 9.4% | | | | | 11120 Four Points Drive | Austin | Travis | TX | 78726 | Office |
| 5.05 | Property | | 1 | 500 North Gulph | 0.5% | 6.6% | | | | | 500 North Gulph Road | King of Prussia | Montgomery | PA | 19406 | Office |
| 5.06 | Property | | 1 | Metroplex, PA | 0.5% | 6.6% | | | | | 4000 Chemical Road | Plymouth Meeting | Montgomery | PA | 19462 | Office |
| 5.07 | Property | | 1 | 933 First Avenue | 0.5% | 6.5% | | | | | 933 First Avenue | King of Prussia | Montgomery | PA | 19406 | Office |
| 6 | Loan | 14 | 1 | Tice's Corner | 7.1% | 100.0% | MSBNA | MSMCH | NAP | NAP | 441 Chestnut Ridge Road | Woodcliff Lake | Bergen | NJ | 07677 | Retail |
| 7 | Loan | 6, 15 | 3 | Anchorage Hiltons Portfolio | 7.1% | | MSBNA | MSMCH | Group 1 | NAP | Various | Anchorage | Anchorage Borough | AK | 99503 | Hospitality |
| 7.01 | Property | | 1 | Homewood Suites by Hilton Anchorage | 2.6% | 36.9% | | | | | 101 West 48th Avenue | Anchorage | Anchorage Borough | AK | 99503 | Hospitality |
| 7.02 | Property | | 1 | Hilton Garden Inn Anchorage | 2.5% | 35.8% | | | | | 4555 Union Square Drive | Anchorage | Anchorage Borough | AK | 99503 | Hospitality |
| 7.03 | Property | | 1 | Hampton Inn Anchorage | 1.9% | 27.3% | | | | | 4301 Credit Union Drive | Anchorage | Anchorage Borough | AK | 99503 | Hospitality |
| 8 | Loan | 5 | 1 | Concord Mills | 7.1% | 100.0% | BANA | BANA | Group 2 | NAP | 8201 Concord Mills Boulevard | Concord | Cabarrus | NC | 28027 | Retail |
| 9 | Loan | | 1 | The Shoppes at East Chase | 6.5% | 100.0% | MSBNA | MSMCH | NAP | NAP | 7274 Eastchase Parkway | Montgomery | Montgomery | AL | 36117 | Retail |
| 10 | Loan | 5, 16 | 1 | Millennium Boston Retail | 4.2% | 100.0% | MSBNA | MSMCH | NAP | NAP | 175 Tremont Street | Boston | Suffolk | MA | 02111 | Retail |
| 11 | Loan | 5 | 1 | Norfolk Premium Outlets | 3.5% | 100.0% | Column | BANA | Group 2 | NAP | 1600 Premium Outlets Boulevard | Norfolk | Norfolk | VA | 23502 | Retail |
| 12 | Loan | 5, 7 | 1 | The Boulders Resort | 3.5% | 100.0% | WFB | WFB | Group 1 | NAP | 34631 North Tom Darlington Drive | Scottsdale | Maricopa | AZ | 85266 | Hospitality |
| 13 | Loan | | 1 | Birmingham Marriott | 3.3% | 100.0% | WFB | WFB | Group 1 | NAP | 3590 Grandview Parkway | Birmingham | Jefferson | AL | 35243 | Hospitality |
| 14 | Loan | 5, 8, 17, 18, 19, D | 1 | Green Acres | 2.8% | 100.0% | MSBNA | MSMCH | NAP | NAP | 2034 Green Acres Road | Valley Stream | Nassau | NY | 11581 | Retail |
| 15 | Loan | 20 | 1 | Boca Corporate Center | 2.6% | 100.0% | MSBNA | MSMCH | NAP | NAP | 7775-7777 Glades Road | Boca Raton | Palm Beach | FL | 33434 | Office |
| 16 | Loan | 6, 7 | 2 | Carolinas Retail Portfolio | 2.1% | | MSBNA | MSMCH | Group 3 | NAP | Various | Various | Various | Various | Various | Retail |
| 16.01 | Property | | 1 | Boulevard Market Fair | 1.2% | 55.7% | | | | | 3793-3797 Clemson Boulevard | Anderson | Anderson | SC | 29621 | Retail |
| 16.02 | Property | | 1 | Landmark Center | 0.9% | 44.3% | | | | | 1302 Bridford Parkway | Greensboro | Guilford | NC | 27407 | Retail |
| 17 | Loan | 8, 21 | 1 | Arlington Town Square | 1.5% | 100.0% | MSBNA | MSMCH | Group 3 | NAP | 3-89 South Evergreen Avenue | Arlington Heights | Cook | IL | 60005 | Mixed Use |
| 18 | Loan | 22 | 1 | 4401 E. Dixon Blvd | 1.3% | 100.0% | MSBNA | MSMCH | NAP | NAP | 4401 East Dixon Boulevard | Shelby | Cleveland | NC | 28152 | Industrial |
| 19 | Loan | 7 | 1 | The Landings South | 1.0% | 100.0% | MSBNA | MSMCH | Group 3 | NAP | 5300 Sidney Simons Boulevard, 2450 & 2538 Airport Thruway | Columbus | Muscogee | GA | 31904 | Retail |
| 20 | Loan | | 1 | Abingdon Storage | 0.8% | 100.0% | WFB | WFB | NAP | NAP | 403 Arundel Court | Abingdon | Harford | MD | 21009 | Self Storage |
| 21 | Loan | | 1 | Clear Creek Plaza | 0.6% | 100.0% | MSBNA | MSMCH | NAP | NAP | 3790 US-395 | Carson City | Douglas | NV | 89701 | Retail |
| 22 | Loan | 23 | 1 | 218 E 5th Street | 0.6% | 100.0% | MSBNA | MSMCH | NAP | NAP | 218 East 5th Street | New York | New York | NY | 10003 | Mixed Use |
| 23 | Loan | | 1 | Cross Pointe Centre - NC | 0.6% | 100.0% | WFB | WFB | NAP | NAP | 5075 Morganton Road | Fayetteville | Cumberland | NC | 28314 | Retail |
| 24 | Loan | | 1 | Walgreens Little Rock | 0.5% | 100.0% | WFB | WFB | NAP | NAP | 15500 Chenal Parkway | Little Rock | Pulaski | AR | 72211 | Retail |
| Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | Annual Debt Service (IO) ($) | Amortization Type | ARD Loan (Yes / No) | Interest Accrual Method | Original Interest-Only Period (Mos.) | Remaining Interest-Only Period (Mos.) | Original Term To Maturity / ARD (Mos.) | Remaining Term To Maturity / ARD (Mos.) | Original Amortization Term (Mos.) | Remaining Amortization Term (Mos.) | Origination Date | Seasoning (Mos.) | Payment Due Date | First Payment Date | First P&I Payment Date | Maturity Date or Anticipated Repayment Date |
| 1 | Loan | 5, A | 1 | Conair Glendale | 4,787,076.36 | Interest Only | No | Actual/360 | 120 | 119 | 120 | 119 | 0 | 0 | 12/21/2022 | 1 | 6 | 2/6/2023 | NAP | 1/6/2033 |
| 2 | Loan | 5, 9 | 1 | 100 & 150 South Wacker Drive | 4,012,820.16 | Interest Only | No | Actual/360 | 120 | 120 | 120 | 120 | 0 | 0 | 1/24/2023 | 0 | 1 | 3/1/2023 | NAP | 2/1/2033 |
| 3 | Loan | 5, 6, 7 | 3 | Orlando Office Portfolio | 4,487,320.08 | Interest Only | No | Actual/360 | 60 | 59 | 60 | 59 | 0 | 0 | 12/30/2022 | 1 | 11 | 2/11/2023 | NAP | 1/11/2028 |
| 3.01 | Property | | 1 | 390 North Orange | | | | | | | | | | | | | | | | |
| 3.02 | Property | | 1 | Citrus Center | | | | | | | | | | | | | | | | |
| 3.03 | Property | | 1 | One Orlando Centre | | | | | | | | | | | | | | | | |
| 4 | Loan | 5, 10, 11, B | 1 | CX - 250 Water Street | 3,072,311.40 | Interest Only - ARD | Yes | Actual/360 | 120 | 120 | 120 | 120 | 0 | 0 | 1/27/2023 | 0 | 10 | 3/10/2023 | NAP | 2/10/2033 |
| 5 | Loan | 5, 6, 7, 12, 13, C | 7 | Brandywine Strategic Office Portfolio | 2,978,298.60 | Interest Only | No | Actual/360 | 60 | 60 | 60 | 60 | 0 | 0 | 1/19/2023 | 0 | 6 | 3/6/2023 | NAP | 2/6/2028 |
| 5.01 | Property | | 1 | 401-405 Colorado | | | | | | | | | | | | | | | | |
| 5.02 | Property | | 1 | 1900 Market | | | | | | | | | | | | | | | | |
| 5.03 | Property | | 1 | The Bulletin Building | | | | | | | | | | | | | | | | |
| 5.04 | Property | | 1 | Four Points Centre 3 | | | | | | | | | | | | | | | | |
| 5.05 | Property | | 1 | 500 North Gulph | | | | | | | | | | | | | | | | |
| 5.06 | Property | | 1 | Metroplex, PA | | | | | | | | | | | | | | | | |
| 5.07 | Property | | 1 | 933 First Avenue | | | | | | | | | | | | | | | | |
| 6 | Loan | 14 | 1 | Tice's Corner | 3,254,583.36 | Interest Only | No | Actual/360 | 120 | 118 | 120 | 118 | 0 | 0 | 12/1/2022 | 2 | 1 | 1/1/2023 | NAP | 12/1/2032 |
| 7 | Loan | 6, 15 | 3 | Anchorage Hiltons Portfolio | NAP | Amortizing Balloon | No | Actual/360 | 0 | 0 | 120 | 118 | 360 | 358 | 11/14/2022 | 2 | 1 | 1/1/2023 | 1/1/2023 | 12/1/2032 |
| 7.01 | Property | | 1 | Homewood Suites by Hilton Anchorage | | | | | | | | | | | | | | | | |
| 7.02 | Property | | 1 | Hilton Garden Inn Anchorage | | | | | | | | | | | | | | | | |
| 7.03 | Property | | 1 | Hampton Inn Anchorage | | | | | | | | | | | | | | | | |
| 8 | Loan | 5 | 1 | Concord Mills | NAP | Amortizing Balloon | No | Actual/360 | 0 | 0 | 120 | 117 | 360 | 357 | 10/11/2022 | 3 | 1 | 12/1/2022 | 12/1/2022 | 11/1/2032 |
| 9 | Loan | | 1 | The Shoppes at East Chase | 3,056,418.72 | Interest Only, Amortizing Balloon | No | Actual/360 | 48 | 47 | 120 | 119 | 360 | 360 | 12/23/2022 | 1 | 5 | 2/5/2023 | 2/5/2027 | 1/1/2033 |
| 10 | Loan | 5, 16 | 1 | Millennium Boston Retail | NAP | Amortizing Balloon | No | Actual/360 | 0 | 0 | 120 | 116 | 360 | 356 | 10/6/2022 | 4 | 6 | 11/6/2022 | 11/6/2022 | 10/6/2032 |
| 11 | Loan | 5 | 1 | Norfolk Premium Outlets | 1,140,624.96 | Interest Only, Amortizing Balloon | No | Actual/360 | 24 | 14 | 120 | 110 | 360 | 360 | 3/9/2022 | 10 | 1 | 5/1/2022 | 5/1/2024 | 4/1/2032 |
| 12 | Loan | 5, 7 | 1 | The Boulders Resort | NAP | Amortizing Balloon | No | Actual/360 | 0 | 0 | 120 | 113 | 360 | 353 | 7/6/2022 | 7 | 11 | 8/11/2022 | 8/11/2022 | 7/11/2032 |
| 13 | Loan | | 1 | Birmingham Marriott | NAP | Amortizing Balloon | No | Actual/360 | 0 | 0 | 120 | 119 | 360 | 359 | 12/15/2022 | 1 | 11 | 2/11/2023 | 2/11/2023 | 1/11/2033 |
| 14 | Loan | 5, 8, 17, 18, 19, D | 1 | Green Acres | 1,196,186.16 | Interest Only | No | Actual/360 | 60 | 59 | 60 | 59 | 0 | 0 | 1/3/2023 | 1 | 6 | 2/6/2023 | NAP | 1/6/2028 |
| 15 | Loan | 20 | 1 | Boca Corporate Center | 1,243,638.12 | Interest Only | No | Actual/360 | 120 | 119 | 120 | 119 | 0 | 0 | 12/19/2022 | 1 | 1 | 2/1/2023 | NAP | 1/1/2033 |
| 16 | Loan | 6, 7 | 2 | Carolinas Retail Portfolio | 920,104.20 | Interest Only | No | Actual/360 | 120 | 119 | 120 | 119 | 0 | 0 | 12/22/2022 | 1 | 5 | 2/5/2023 | NAP | 1/5/2033 |
| 16.01 | Property | | 1 | Boulevard Market Fair | | | | | | | | | | | | | | | | |
| 16.02 | Property | | 1 | Landmark Center | | | | | | | | | | | | | | | | |
| 17 | Loan | 8, 21 | 1 | Arlington Town Square | 650,612.52 | Interest Only | No | Actual/360 | 120 | 118 | 120 | 118 | 0 | 0 | 11/21/2022 | 2 | 5 | 1/5/2023 | NAP | 12/5/2032 |
| 18 | Loan | 22 | 1 | 4401 E. Dixon Blvd | 553,860.12 | Interest Only | No | Actual/360 | 120 | 118 | 120 | 118 | 0 | 0 | 12/1/2022 | 2 | 1 | 1/1/2023 | NAP | 12/1/2032 |
| 19 | Loan | 7 | 1 | The Landings South | 489,601.92 | Interest Only | No | Actual/360 | 120 | 117 | 120 | 117 | 0 | 0 | 10/26/2022 | 3 | 5 | 12/5/2022 | NAP | 11/5/2032 |
| 20 | Loan | | 1 | Abingdon Storage | 360,123.24 | Interest Only | No | Actual/360 | 120 | 120 | 120 | 120 | 0 | 0 | 1/13/2023 | 0 | 11 | 3/11/2023 | NAP | 2/11/2033 |
| 21 | Loan | | 1 | Clear Creek Plaza | NAP | Amortizing Balloon | No | Actual/360 | 0 | 0 | 120 | 119 | 360 | 359 | 12/5/2022 | 1 | 1 | 2/1/2023 | 2/1/2023 | 1/1/2033 |
| 22 | Loan | 23 | 1 | 218 E 5th Street | 282,241.32 | Interest Only | No | Actual/360 | 120 | 118 | 120 | 118 | 0 | 0 | 11/22/2022 | 2 | 1 | 1/1/2023 | NAP | 12/1/2032 |
| 23 | Loan | | 1 | Cross Pointe Centre - NC | NAP | Amortizing Balloon | No | Actual/360 | 0 | 0 | 120 | 118 | 360 | 358 | 11/18/2022 | 2 | 11 | 1/11/2023 | 1/11/2023 | 12/11/2032 |
| 24 | Loan | | 1 | Walgreens Little Rock | NAP | Amortizing Balloon | No | Actual/360 | 0 | 0 | 84 | 83 | 360 | 359 | 12/14/2022 | 1 | 11 | 2/11/2023 | 2/11/2023 | 1/11/2030 |
| Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | Third Most Recent Expenses ($) | Third Most Recent NOI ($) | Third Most Recent NOI Date | Third Most Recent Description | Underwritten Economic Occupancy (%) | Underwritten EGI ($) | Underwritten Expenses ($) | Underwritten Net Operating Income ($) | Underwritten Replacement / FF&E Reserve ($) | Underwritten TI / LC ($) | Underwritten Net Cash Flow ($) | Underwritten NOI DSCR (x) | Underwritten NCF DSCR (x) | Underwritten NOI Debt Yield (%) | Underwritten NCF Debt Yield (%) |
| 1 | Loan | 5, A | 1 | Conair Glendale | NAV | NAV | NAV | NAV | 95.0% | 13,946,705 | 3,137,443 | 10,809,262 | 179,983 | 0 | 10,629,279 | 1.58 | 1.55 | 10.8% | 10.6% |
| 2 | Loan | 5, 9 | 1 | 100 & 150 South Wacker Drive | 15,049,737 | 22,078,722 | 12/31/2020 | T-12 | 72.0% | 35,490,958 | 17,442,564 | 18,048,394 | 234,907 | 1,761,801 | 16,051,686 | 2.92 | 2.60 | 18.0% | 16.1% |
| 3 | Loan | 5, 6, 7 | 3 | Orlando Office Portfolio | 12,880,023 | 12,465,454 | 12/31/2020 | T-12 | 76.3% | 28,243,280 | 14,270,710 | 13,972,569 | 257,440 | 479,761 | 13,235,368 | 1.50 | 1.42 | 10.4% | 9.8% |
| 3.01 | Property | | 1 | 390 North Orange | 5,344,710 | 4,128,150 | 12/31/2020 | T-12 | 72.0% | 10,752,020 | 5,869,606 | 4,882,414 | 104,170 | 233,347 | 4,544,898 | | | | |
| 3.02 | Property | | 1 | Citrus Center | 3,641,307 | 4,197,768 | 12/31/2020 | T-12 | 81.6% | 8,716,526 | 4,066,498 | 4,650,029 | 64,811 | 75,910 | 4,509,308 | | | | |
| 3.03 | Property | | 1 | One Orlando Centre | 3,894,006 | 4,139,536 | 12/31/2020 | T-12 | 77.6% | 8,774,733 | 4,334,607 | 4,440,127 | 88,460 | 170,505 | 4,181,163 | | | | |
| 4 | Loan | 5, 10, 11, B | 1 | CX - 250 Water Street | NAP | NAP | NAP | NAP | 99.0% | 62,561,733 | 13,277,931 | 49,283,802 | 119,751 | 0 | 49,164,051 | 1.66 | 1.66 | 9.3% | 9.3% |
| 5 | Loan | 5, 6, 7, 12, 13, C | 7 | Brandywine Strategic Office Portfolio | 14,397,273 | 23,449,062 | 12/31/2020 | T-12 | 98.2% | 67,944,892 | 23,839,304 | 44,105,588 | 360,751 | 2,886,004 | 40,858,833 | 3.02 | 2.80 | 18.0% | 16.7% |
| 5.01 | Property | | 1 | 401-405 Colorado | 10,841 | (10,841) | 12/31/2020 | T-12 | 97.1% | 16,629,112 | 6,396,629 | 10,232,483 | 51,451 | 411,606 | 9,769,426 | | | | |
| 5.02 | Property | | 1 | 1900 Market | 5,692,038 | 9,045,382 | 12/31/2020 | T-12 | 100.0% | 17,764,762 | 6,002,663 | 11,762,099 | 114,231 | 913,844 | 10,734,025 | | | | |
| 5.03 | Property | | 1 | The Bulletin Building | 3,455,632 | 4,413,138 | 12/31/2020 | T-12 | 97.0% | 13,875,082 | 5,904,172 | 7,970,910 | 70,677 | 565,418 | 7,334,815 | | | | |
| 5.04 | Property | | 1 | Four Points Centre 3 | 2,482,361 | 3,799,725 | 12/31/2020 | T-12 | 100.0% | 7,138,490 | 2,518,642 | 4,619,849 | 41,205 | 329,636 | 4,249,008 | | | | |
| 5.05 | Property | | 1 | 500 North Gulph | 635,340 | 2,928,665 | 12/31/2020 | T-12 | 100.0% | 4,006,303 | 690,550 | 3,315,752 | 25,205 | 201,640 | 3,088,907 | | | | |
| 5.06 | Property | | 1 | Metroplex, PA | 1,321,752 | 354,645 | 12/31/2020 | T-12 | 92.8% | 4,423,155 | 1,446,241 | 2,976,914 | 30,219 | 241,754 | 2,704,941 | | | | |
| 5.07 | Property | | 1 | 933 First Avenue | 799,309 | 2,918,348 | 12/31/2020 | T-12 | 100.0% | 4,107,987 | 880,407 | 3,227,580 | 27,763 | 222,106 | 2,977,711 | | | | |
| 6 | Loan | 14 | 1 | Tice's Corner | 1,759,445 | 4,377,521 | 12/31/2020 | T-12 | 95.0% | 7,435,169 | 2,073,241 | 5,361,928 | 23,839 | 288,091 | 5,049,997 | 1.65 | 1.55 | 10.7% | 10.1% |
| 7 | Loan | 6, 15 | 3 | Anchorage Hiltons Portfolio | 6,054,234 | 972,038 | 12/31/2020 | T-12 | 71.3% | 19,417,274 | 11,031,456 | 8,385,818 | 776,692 | 0 | 7,609,126 | 2.15 | 1.96 | 16.8% | 15.2% |
| 7.01 | Property | | 1 | Homewood Suites by Hilton Anchorage | 2,181,137 | 484,156 | 12/31/2020 | T-12 | 71.2% | 7,011,038 | 3,703,014 | 3,308,024 | 280,442 | 0 | 3,027,582 | | | | |
| 7.02 | Property | | 1 | Hilton Garden Inn Anchorage | 2,261,428 | 201,140 | 12/31/2020 | T-12 | 75.8% | 7,659,218 | 4,292,636 | 3,366,582 | 306,369 | 0 | 3,060,213 | | | | |
| 7.03 | Property | | 1 | Hampton Inn Anchorage | 1,611,669 | 286,742 | 12/31/2020 | T-12 | 65.7% | 4,747,018 | 3,035,806 | 1,711,212 | 189,881 | 0 | 1,521,331 | | | | |
| 8 | Loan | 5 | 1 | Concord Mills | 10,331,147 | 29,825,843 | 12/31/2020 | T-12 | 93.0% | 50,343,452 | 12,694,091 | 37,649,361 | 118,679 | 1,318,651 | 36,212,031 | 2.10 | 2.02 | 16.1% | 15.4% |
| 9 | Loan | | 1 | The Shoppes at East Chase | 2,837,886 | 4,295,040 | 12/31/2020 | T-12 | 91.5% | 8,663,365 | 2,824,235 | 5,839,130 | 58,278 | 508,320 | 5,272,533 | 1.67 | 1.51 | 12.8% | 11.5% |
| 10 | Loan | 5, 16 | 1 | Millennium Boston Retail | 4,244,296 | 8,923,438 | 12/31/2020 | T-12 | 97.1% | 15,533,749 | 5,044,423 | 10,489,325 | 40,898 | 574,902 | 9,873,526 | 1.56 | 1.47 | 11.7% | 11.0% |
| 11 | Loan | 5 | 1 | Norfolk Premium Outlets | 3,780,721 | 6,932,137 | 12/31/2020 | T-12 | 84.6% | 14,497,531 | 4,593,095 | 9,904,436 | 49,842 | 664,568 | 9,190,025 | 2.17 | 2.02 | 13.2% | 12.3% |
| 12 | Loan | 5, 7 | 1 | The Boulders Resort | 20,201,885 | 7,698,759 | 12/31/2020 | T-12 | 63.8% | 50,704,973 | 32,802,902 | 17,902,070 | 2,028,199 | 0 | 15,873,871 | 2.61 | 2.31 | 18.0% | 16.0% |
| 13 | Loan | | 1 | Birmingham Marriott | 4,706,361 | 597,609 | 12/31/2020 | T-12 | 56.3% | 12,606,087 | 8,450,014 | 4,156,073 | 504,243 | 0 | 3,651,829 | 2.19 | 1.93 | 17.7% | 15.5% |
| 14 | Loan | 5, 8, 17, 18, 19, D | 1 | Green Acres | 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 | 2.10 | 13.0% | 12.5% |
| 15 | Loan | 20 | 1 | Boca Corporate Center | 1,023,787 | 1,553,379 | 12/31/2020 | T-12 | 89.9% | 2,968,378 | 971,966 | 1,996,413 | 15,894 | 102,240 | 1,878,279 | 1.61 | 1.51 | 11.0% | 10.4% |
| 16 | Loan | 6, 7 | 2 | Carolinas Retail Portfolio | 692,216 | 1,838,978 | 12/31/2020 | T-12 | 95.0% | 2,973,524 | 854,697 | 2,118,827 | 44,340 | 95,604 | 1,978,883 | 2.30 | 2.15 | 14.1% | 13.2% |
| 16.01 | Property | | 1 | Boulevard Market Fair | 322,687 | 1,167,652 | 12/31/2020 | T-12 | 95.0% | 1,620,899 | 432,667 | 1,188,231 | 17,568 | 45,082 | 1,125,581 | | | | |
| 16.02 | Property | | 1 | Landmark Center | 369,529 | 671,326 | 12/31/2020 | T-12 | 95.0% | 1,352,625 | 422,029 | 930,596 | 26,772 | 50,522 | 853,301 | | | | |
| 17 | Loan | 8, 21 | 1 | Arlington Town Square | 1,464,603 | 930,383 | 12/31/2020 | T-12 | 95.0% | 2,737,490 | 1,307,870 | 1,429,620 | 20,507 | 221,471 | 1,187,642 | 2.20 | 1.83 | 13.8% | 11.5% |
| 18 | Loan | 22 | 1 | 4401 E. Dixon Blvd | NAV | NAV | NAV | NAV | 95.0% | 1,194,681 | 237,099 | 957,582 | 27,205 | 53,172 | 877,205 | 1.73 | 1.58 | 10.7% | 9.8% |
| 19 | Loan | 7 | 1 | The Landings South | 423,013 | 817,871 | 12/31/2020 | T-12 | 71.0% | 1,308,381 | 423,192 | 885,189 | 34,556 | 35,430 | 815,203 | 1.81 | 1.67 | 12.0% | 11.1% |
| 20 | Loan | | 1 | Abingdon Storage | 246,927 | 473,728 | 12/31/2020 | T-12 | 83.3% | 924,382 | 289,677 | 634,705 | 5,720 | -2,500 | 631,485 | 1.76 | 1.75 | 11.5% | 11.5% |
| 21 | Loan | | 1 | Clear Creek Plaza | 296,953 | 681,720 | 12/31/2020 | T-12 | 95.0% | 1,092,261 | 323,844 | 768,416 | 25,962 | 55,765 | 686,690 | 2.31 | 2.07 | 17.1% | 15.3% |
| 22 | Loan | 23 | 1 | 218 E 5th Street | 186,983 | 291,767 | 12/31/2020 | T-12 | 95.1% | 584,373 | 209,872 | 374,501 | 2,695 | 3,754 | 368,052 | 1.33 | 1.30 | 8.8% | 8.7% |
| 23 | Loan | | 1 | Cross Pointe Centre - NC | 576,206 | 618,776 | 12/31/2020 | T-12 | 86.2% | 1,196,207 | 680,954 | 515,253 | 36,454 | 34,636 | 444,162 | 1.59 | 1.37 | 12.9% | 11.1% |
| 24 | Loan | | 1 | Walgreens Little Rock | 35,232 | 484,568 | 12/31/2020 | T-12 | 97.0% | 504,206 | 5,042 | 499,164 | 1,482 | 0 | 497,682 | 1.84 | 1.83 | 14.5% | 14.4% |
| Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | Appraised Value ($) | Appraised Value Type | Appraisal Date | Cut-off Date LTV Ratio (%) | LTV Ratio at Maturity / ARD (%) | Leased Occupancy (%) (2) | Occupancy Date | Single Tenant (Y/N) | Largest Tenant | Largest Tenant SF | Largest Tenant % of NRA |
| 1 | Loan | 5, A | 1 | Conair Glendale | 195,900,000 | As Is | 11/15/2022 | 51.0% | 51.0% | 100.0% | 2/1/2023 | Yes | Conair | 1,416,000 | 100.0% |
| 2 | Loan | 5, 9 | 1 | 100 & 150 South Wacker Drive | 267,800,000 | As Is | 1/3/2023 | 37.3% | 37.3% | 74.6% | 12/1/2022 | No | Charles Schwab & Co | 145,543 | 12.4% |
| 3 | Loan | 5, 6, 7 | 3 | Orlando Office Portfolio | 238,000,000 | As Is | 10/18/2022 | 56.7% | 56.7% | 77.6% | 12/9/2022 | | | | |
| 3.01 | Property | | 1 | 390 North Orange | 92,000,000 | As Is | 10/18/2022 | | | 74.0% | 12/9/2022 | No | Nelson Mullins Riley & Scarborough, LLP | 40,535 | 9.7% |
| 3.02 | Property | | 1 | Citrus Center | 73,000,000 | As Is | 10/18/2022 | | | 82.2% | 12/9/2022 | No | Quintairos, Prieto, Wood & Boyer, PA | 41,106 | 15.9% |
| 3.03 | Property | | 1 | One Orlando Centre | 73,000,000 | As Is | 10/18/2022 | | | 78.5% | 12/9/2022 | No | Adventist Health System | 39,758 | 11.2% |
| 4 | Loan | 5, 10, 11, B | 1 | CX - 250 Water Street | 1,090,000,000 | Prospective Market Value Upon Completion & Stabilization | 1/1/2023 | 48.8% | 48.8% | 98.7% | 2/1/2023 | Yes | E.R. Squibb & Sons LLC | 472,580 | 98.7% |
| 5 | Loan | 5, 6, 7, 12, 13, C | 7 | Brandywine Strategic Office Portfolio | 617,200,000 | As Portfolio | Various | 39.7% | 39.7% | 98.1% | Various | | | | |
| 5.01 | Property | | 1 | 401-405 Colorado | 138,000,000 | As Is | 11/3/2022 | | | 96.0% | 12/21/2022 | No | Bain & Company, Inc. | 50,423 | 24.5% |
| 5.02 | Property | | 1 | 1900 Market | 159,100,000 | As Is | 11/2/2022 | | | 100.0% | 12/21/2022 | No | Independence Blue Cross, LLC | 227,974 | 49.9% |
| 5.03 | Property | | 1 | The Bulletin Building | 113,100,000 | As Is | 11/2/2022 | | | 97.3% | 12/21/2022 | No | Spark Therapeutics, Inc. | 183,208 | 64.8% |
| 5.04 | Property | | 1 | Four Points Centre 3 | 67,800,000 | As Is | 11/3/2022 | | | 100.0% | 2/1/2023 | Yes | SailPoint Technologies, Inc. | 164,818 | 100.0% |
| 5.05 | Property | | 1 | 500 North Gulph | 38,100,000 | As Is | 11/4/2022 | | | 100.0% | 2/1/2023 | Yes | CSL Behring L.L.C. | 100,820 | 100.0% |
| 5.06 | Property | | 1 | Metroplex, PA | 38,600,000 | As Is | 11/4/2022 | | | 90.1% | 12/21/2022 | No | Bill Me Later, Inc. | 99,512 | 82.3% |
| 5.07 | Property | | 1 | 933 First Avenue | 37,900,000 | As Is | 11/4/2022 | | | 100.0% | 2/1/2023 | Yes | Worldwide Insurance Services, LLC | 111,053 | 100.0% |
| 6 | Loan | 14 | 1 | Tice's Corner | 85,000,000 | As Is | 9/30/2022 | 58.8% | 58.8% | 98.7% | 11/29/2022 | No | The Gap | 11,500 | 9.6% |
| 7 | Loan | 6, 15 | 3 | Anchorage Hiltons Portfolio | 88,000,000 | As Is (Secondary) | 10/1/2022 | 56.7% | 49.3% | 71.3% | 9/30/2022 | | | | |
| 7.01 | Property | | 1 | Homewood Suites by Hilton Anchorage | 32,500,000 | As Is (Secondary) | 10/1/2022 | | | 71.2% | 9/30/2022 | NAP | NAP | NAP | NAP |
| 7.02 | Property | | 1 | Hilton Garden Inn Anchorage | 31,500,000 | As Is (Secondary) | 10/1/2022 | | | 75.8% | 9/30/2022 | NAP | NAP | NAP | NAP |
| 7.03 | Property | | 1 | Hampton Inn Anchorage | 24,000,000 | As Is | 10/1/2022 | | | 65.8% | 9/30/2022 | NAP | NAP | NAP | NAP |
| 8 | Loan | 5 | 1 | Concord Mills | 591,000,000 | As Is | 9/2/2022 | 39.7% | 34.3% | 94.7% | 9/23/2022 | No | Bass Pro Shops Outdoor | 134,790 | 10.2% |
| 9 | Loan | | 1 | The Shoppes at East Chase | 66,200,000 | As Is | 11/8/2022 | 69.0% | 64.2% | 90.5% | 10/26/2022 | No | Ross Dress For Less | 30,187 | 7.8% |
| 10 | Loan | 5, 16 | 1 | Millennium Boston Retail | 202,000,000 | As Is | 9/7/2022 | 44.4% | 38.3% | 97.1% | 8/18/2022 | No | AMC Boston Common 19 | 136,011 | 49.9% |
| 11 | Loan | 5 | 1 | Norfolk Premium Outlets | 129,000,000 | As Is | 2/25/2022 | 58.1% | 49.8% | 83.8% | 12/2/2022 | No | H&M | 20,084 | 6.0% |
| 12 | Loan | 5, 7 | 1 | The Boulders Resort | 232,800,000 | As Is | 6/7/2022 | 42.7% | 36.0% | 63.8% | 11/30/2022 | No | NAP | NAP | NAP |
| 13 | Loan | | 1 | Birmingham Marriott | 49,600,000 | As Is | 10/3/2022 | 47.4% | 41.5% | 56.3% | 11/30/2022 | No | NAP | NAP | NAP |
| 14 | Loan | 5, 8, 17, 18, 19, D | 1 | Green Acres | 679,000,000 | As Is | 10/30/2022 | 54.5% | 54.5% | 97.7% | 12/12/2022 | No | Macy's | 390,503 | 18.8% |
| 15 | Loan | 20 | 1 | Boca Corporate Center | 28,100,000 | As Is | 10/27/2022 | 64.6% | 64.6% | 87.6% | 10/31/2022 | No | Shapiro & Dector | 17,896 | 21.9% |
| 16 | Loan | 6, 7 | 2 | Carolinas Retail Portfolio | 24,600,000 | As Is | Various | 61.0% | 61.0% | 100.0% | 8/16/2022 | | | | |
| 16.01 | Property | | 1 | Boulevard Market Fair | 13,700,000 | As Is | 11/2/2022 | | | 100.0% | 8/16/2022 | No | Burlington Coat Factory | 51,284 | 43.8% |
| 16.02 | Property | | 1 | Landmark Center | 10,900,000 | As Is | 10/28/2022 | | | 100.0% | 8/16/2022 | No | Floor & Decor | 73,150 | 41.0% |
| 17 | Loan | 8, 21 | 1 | Arlington Town Square | 17,500,000 | As Is (Assuming LOI and Executed Lease) | 10/19/2022 | 59.1% | 59.1% | 78.2% | 10/1/2022 | No | Innerstate LLC | 10,507 | 8.4% |
| 18 | Loan | 22 | 1 | 4401 E. Dixon Blvd | 14,100,000 | As Is | 9/23/2022 | 63.6% | 63.6% | 100.0% | 9/1/2022 | No | Robert Bosch Tool Corporation | 184,318 | 68.4% |
| 19 | Loan | 7 | 1 | The Landings South | 14,200,000 | As Is | 9/17/2022 | 51.8% | 51.8% | 72.7% | 9/7/2022 | No | Big Lots | 43,700 | 34.1% |
| 20 | Loan | | 1 | Abingdon Storage | 9,630,000 | As Is | 9/13/2022 | 57.1% | 57.1% | 82.0% | 12/31/2022 | No | NAP | NAP | NAP |
| 21 | Loan | | 1 | Clear Creek Plaza | 11,225,000 | As Is | 8/25/2022 | 40.1% | 34.3% | 100.0% | 9/1/2022 | No | Trader Joe's | 15,806 | 28.0% |
| 22 | Loan | 23 | 1 | 218 E 5th Street | 8,500,000 | As Is | 9/15/2022 | 50.0% | 50.0% | 100.0% | 11/1/2022 | No | Superior Viaduct | 750 | 50.0% |
| 23 | Loan | | 1 | Cross Pointe Centre - NC | 7,100,000 | As Is | 9/7/2022 | 56.3% | 49.4% | 89.7% | 11/28/2022 | No | Broad River Retail, LLC | 47,355 | 45.5% |
| 24 | Loan | | 1 | Walgreens Little Rock | 9,050,000 | As Is | 11/5/2022 | 38.1% | 35.0% | 100.0% | 2/1/2023 | Yes | Walgreens | 14,820 | 100.0% |
| Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | Largest Tenant Lease Expiration Date (4) | Second Largest Tenant | Second Largest Tenant SF | Second Largest Tenant % of NRA | Second Largest Tenant Lease Expiration Date (4) | Third Largest Tenant |
| 1 | Loan | 5, A | 1 | Conair Glendale | 11/30/2037 | NAP | NAP | NAP | NAP | NAP |
| 2 | Loan | 5, 9 | 1 | 100 & 150 South Wacker Drive | 12/31/2027 | Golub Capital LLC | 128,467 | 10.9% | 11/30/2028 | G2 Crowd Inc |
| 3 | Loan | 5, 6, 7 | 3 | Orlando Office Portfolio | | | | | | |
| 3.01 | Property | | 1 | 390 North Orange | 10/31/2029 | GSA | 34,669 | 8.3% | 5,689 SF expiring 6/30/2028; 12,341 SF expiring 10/31/2033; 16,639 SF expiring 6/30/2038 | Wicker Smith O'Hara McCoy & Ford, PA |
| 3.02 | Property | | 1 | Citrus Center | 12/31/2025 | TLC Engineering for Architecture | 41,012 | 15.8% | 10/31/2029 | The Citrus Club |
| 3.03 | Property | | 1 | One Orlando Centre | 9/30/2025 | Wells Fargo Bank, NA | 32,391 | 9.2% | 12/31/2027 | Dewberry Engineers |
| 4 | Loan | 5, 10, 11, B | 1 | CX - 250 Water Street | 10/31/2037 | NAP | NAP | NAP | NAP | NAP |
| 5 | Loan | 5, 6, 7, 12, 13, C | 7 | Brandywine Strategic Office Portfolio | | | | | | |
| 5.01 | Property | | 1 | 401-405 Colorado | 11/30/2034 | JPMorgan Chase Bank, National Association | 45,100 | 21.9% | 12/31/2032 | Snap Inc. |
| 5.02 | Property | | 1 | 1900 Market | 4/16/2034 | 1900 Market Street Tenant LLC d/b/a WeWork | 56,050 | 12.3% | 11/30/2037 | Pennoni Associates Inc. |
| 5.03 | Property | | 1 | The Bulletin Building | 12/31/2033 | Drexel University | 57,461 | 20.3% | 10/31/2027 | BDN SY Hospitality, LLC |
| 5.04 | Property | | 1 | Four Points Centre 3 | 4/30/2029 | NAP | NAP | NAP | NAP | NAP |
| 5.05 | Property | | 1 | 500 North Gulph | 1/31/2031 | NAP | NAP | NAP | NAP | NAP |
| 5.06 | Property | | 1 | Metroplex, PA | 1/31/2031 | United HealthCare Services, Inc. | 9,431 | 7.8% | 6/30/2026 | NAP |
| 5.07 | Property | | 1 | 933 First Avenue | 5/31/2029 | NAP | NAP | NAP | NAP | NAP |
| 6 | Loan | 14 | 1 | Tice's Corner | 12/31/2028 | Anthropologie | 11,463 | 9.6% | 1/31/2027 | Pottery Barn |
| 7 | Loan | 6, 15 | 3 | Anchorage Hiltons Portfolio | | | | | | |
| 7.01 | Property | | 1 | Homewood Suites by Hilton Anchorage | NAP | NAP | NAP | NAP | NAP | NAP |
| 7.02 | Property | | 1 | Hilton Garden Inn Anchorage | NAP | NAP | NAP | NAP | NAP | NAP |
| 7.03 | Property | | 1 | Hampton Inn Anchorage | NAP | NAP | NAP | NAP | NAP | NAP |
| 8 | Loan | 5 | 1 | Concord Mills | 9/12/2029 | Burlington | 100,498 | 7.6% | 1/31/2025 | AMC Theatres |
| 9 | Loan | | 1 | The Shoppes at East Chase | 1/31/2025 | Aldi | 26,016 | 6.7% | 6/30/2031 | H&M |
| 10 | Loan | 5, 16 | 1 | Millennium Boston Retail | 7/31/2031 | Equinox | 103,766 | 38.1% | 6/30/2039 | CVS |
| 11 | Loan | 5 | 1 | Norfolk Premium Outlets | 1/31/2029 | Nike Factory Store | 14,000 | 4.2% | 6/30/2027 | Forever 21 |
| 12 | Loan | 5, 7 | 1 | The Boulders Resort | NAP | NAP | NAP | NAP | NAP | NAP |
| 13 | Loan | | 1 | Birmingham Marriott | NAP | NAP | NAP | NAP | NAP | NAP |
| 14 | Loan | 5, 8, 17, 18, 19, D | 1 | Green Acres | 266,676 SF expiring 8/18/2026; 123,827 SF expiring 7/31/2034 | Walmart | 173,450 | 8.3% | 8/31/2028 | SEARS |
| 15 | Loan | 20 | 1 | Boca Corporate Center | 1/31/2031 | Saxena White | 12,798 | 15.7% | 11/30/2029 | West Boca Executive Suites |
| 16 | Loan | 6, 7 | 2 | Carolinas Retail Portfolio | | | | | | |
| 16.01 | Property | | 1 | Boulevard Market Fair | 2/29/2028 | Sportsman's Warehouse | 33,000 | 28.2% | 6/30/2028 | Gold's Gym |
| 16.02 | Property | | 1 | Landmark Center | 6/30/2025 | Gabriel Brothers | 60,000 | 33.6% | 2/28/2025 | Advance Stores Co. |
| 17 | Loan | 8, 21 | 1 | Arlington Town Square | 5/31/2033 | At World Properties | 8,114 | 6.5% | 2/28/2026 | Augmedics Inc. |
| 18 | Loan | 22 | 1 | 4401 E. Dixon Blvd | 6/30/2027 | Dicastal Logistics Group | 85,224 | 31.6% | 12/31/2025 | NAP |
| 19 | Loan | 7 | 1 | The Landings South | 1/31/2030 | Office Depot | 16,551 | 12.9% | 4/30/2027 | The Suite (La Margarita) |
| 20 | Loan | | 1 | Abingdon Storage | NAP | NAP | NAP | NAP | NAP | NAP |
| 21 | Loan | | 1 | Clear Creek Plaza | 1/31/2027 | Blue Zone Sports | 12,125 | 21.5% | 9/30/2023 | King Buffet |
| 22 | Loan | 23 | 1 | 218 E 5th Street | 3/31/2024 | Hidden Rose | 750 | 50.0% | 7/31/2032 | NAP |
| 23 | Loan | | 1 | Cross Pointe Centre - NC | 8/31/2026 | Staples The Office Superstore East, Inc. | 35,200 | 33.8% | 7/31/2027 | Biolife Plasma Services, L.P. |
| 24 | Loan | | 1 | Walgreens Little Rock | 6/30/2083 | NAP | NAP | NAP | NAP | NAP |
| Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | Third Largest Tenant SF | Third Largest Tenant % of NRA | Third Largest Tenant Lease Expiration Date (4) | Fourth Largest Tenant | Fourth Largest Tenant SF | Fourth Largest Tenant % of NRA | Fourth Largest Tenant Lease Expiration Date (4) | Fifth Largest Tenant | Fifth Largest Tenant SF | Fifth Largest Tenant % of NRA | Fifth Largest Tenant Lease Expiration Date (4) | Environmental Phase I Report Date |
| 1 | Loan | 5, A | 1 | Conair Glendale | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 9/1/2022 |
| 2 | Loan | 5, 9 | 1 | 100 & 150 South Wacker Drive | 64,577 | 5.5% | 6/30/2028 | Greeley & Hansen | 38,594 | 3.3% | 5/31/2025 | SS&C Technologies | 28,278 | 2.4% | 5/31/2031 | 11/10/2022 |
| 3 | Loan | 5, 6, 7 | 3 | Orlando Office Portfolio | | | | | | | | | | | | |
| 3.01 | Property | | 1 | 390 North Orange | 24,325 | 5.8% | 9/30/2026 | Alvarez Winthrop Thompson & Storey, PA | 16,322 | 3.9% | 5/31/2025 | State Farm Mutual Auto Insurance Company | 15,789 | 3.8% | 9/30/2025 | 10/21/2022 |
| 3.02 | Property | | 1 | Citrus Center | 28,405 | 11.0% | 10/31/2024 | Allen, Dyer, Doppelt, Milbrath & Gilchrist, PA | 14,300 | 5.5% | 5/31/2026 | Colliers International | 11,863 | 4.6% | 9/30/2023 | 10/21/2022 |
| 3.03 | Property | | 1 | One Orlando Centre | 24,584 | 6.9% | 6/30/2027 | CEMEX Construction Materials Florida | 18,646 | 5.3% | 3/31/2030 | US Equity Advantage | 18,307 | 5.2% | 9/30/2029 | 10/21/2022 |
| 4 | Loan | 5, 10, 11, B | 1 | CX - 250 Water Street | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 5/24/2022 |
| 5 | Loan | 5, 6, 7, 12, 13, C | 7 | Brandywine Strategic Office Portfolio | | | | | | | | | | | | |
| 5.01 | Property | | 1 | 401-405 Colorado | 18,739 | 9.1% | 5/31/2033 | Perkins Coie LLP | 18,616 | 9.0% | 11/30/2032 | AllianceBernstein L.P. | 18,169 | 8.8% | 9/30/2031 | 11/8/2022 |
| 5.02 | Property | | 1 | 1900 Market | 55,846 | 12.2% | 3/31/2029 | abrdn Inc. | 50,482 | 11.0% | 8/31/2034 | Berkadia Commercial Mortgage LLC | 18,262 | 4.0% | 5/31/2030 | 11/15/2022 |
| 5.03 | Property | | 1 | The Bulletin Building | 13,163 | 4.7% | 11/30/2031 | Retail Variance | 7,789 | 2.8% | 12/31/2099 | Brandywine Operating Partnership | 6,884 | 2.4% | 4/30/2028 | 11/8/2022 |
| 5.04 | Property | | 1 | Four Points Centre 3 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 11/9/2022 |
| 5.05 | Property | | 1 | 500 North Gulph | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 11/9/2022 |
| 5.06 | Property | | 1 | Metroplex, PA | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 11/14/2022 |
| 5.07 | Property | | 1 | 933 First Avenue | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 11/9/2022 |
| 6 | Loan | 14 | 1 | Tice's Corner | 9,410 | 7.9% | 1/31/2024 | J Crew | 7,318 | 6.1% | 1/31/2028 | Apple Computer | 6,570 | 5.5% | 5/31/2031 | 10/18/2022 |
| 7 | Loan | 6, 15 | 3 | Anchorage Hiltons Portfolio | | | | | | | | | | | | |
| 7.01 | Property | | 1 | Homewood Suites by Hilton Anchorage | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 10/4/2022 |
| 7.02 | Property | | 1 | Hilton Garden Inn Anchorage | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 10/4/2022 |
| 7.03 | Property | | 1 | Hampton Inn Anchorage | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 10/4/2022 |
| 8 | Loan | 5 | 1 | Concord Mills | 83,732 | 6.3% | 9/30/2029 | Dick's Sporting Goods | 53,677 | 4.1% | 1/31/2032 | Dave & Buster's | 53,077 | 4.0% | 5/31/2026 | 9/13/2022 |
| 9 | Loan | | 1 | The Shoppes at East Chase | 21,642 | 5.6% | 1/31/2028 | PetSmart | 19,204 | 4.9% | 7/31/2024 | Ashley HomeStore Outlet | 18,029 | 4.6% | 8/31/2030 | 11/11/2022 |
| 10 | Loan | 5, 16 | 1 | Millennium Boston Retail | 12,779 | 4.7% | 6/30/2028 | Sip Wine Bar and Kitchen | 6,196 | 2.3% | 3/1/2028 | Cathay Bank | 6,000 | 2.2% | 7/31/2024 | 9/1/2022 |
| 11 | Loan | 5 | 1 | Norfolk Premium Outlets | 13,000 | 3.9% | 1/31/2030 | Old Navy | 11,244 | 3.4% | 6/30/2027 | Polo Ralph Lauren | 10,200 | 3.1% | 11/30/2027 | 1/14/2022 |
| 12 | Loan | 5, 7 | 1 | The Boulders Resort | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 6/3/2022 |
| 13 | Loan | | 1 | Birmingham Marriott | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 10/12/2022 |
| 14 | Loan | 5, 8, 17, 18, 19, D | 1 | Green Acres | 144,537 | 6.9% | 10/31/2028 | BJ's Wholesale Club | 127,750 | 6.1% | 1/31/2027 | KOHL'S | 116,392 | 5.6% | 1/31/2031 | 12/20/2022 |
| 15 | Loan | 20 | 1 | Boca Corporate Center | 9,046 | 11.1% | 12/31/2035 | Hawkins Construction Inc | 3,738 | 4.6% | 3/31/2024 | FedEx Office | 3,642 | 4.5% | 12/31/2029 | 11/9/2022 |
| 16 | Loan | 6, 7 | 2 | Carolinas Retail Portfolio | | | | | | | | | | | | |
| 16.01 | Property | | 1 | Boulevard Market Fair | 32,835 | 28.0% | 11/30/2028 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 9/19/2022 |
| 16.02 | Property | | 1 | Landmark Center | 28,221 | 15.8% | 2/28/2032 | Mavis Southeast | 6,850 | 3.8% | 8/31/2036 | NAP | NAP | NAP | NAP | 9/20/2022 |
| 17 | Loan | 8, 21 | 1 | Arlington Town Square | 6,446 | 5.1% | 2/28/2025 | Passero | 6,071 | 4.8% | 5/31/2027 | Ann Taylor Loft | 5,898 | 4.7% | 1/31/2024 | 9/22/2022 |
| 18 | Loan | 22 | 1 | 4401 E. Dixon Blvd | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 10/3/2022 |
| 19 | Loan | 7 | 1 | The Landings South | 5,880 | 4.6% | 3/31/2026 | Mikata | 5,320 | 4.2% | 6/30/2027 | Cindy Nguyen (Big Mama Viet) | 4,303 | 3.4% | 10/31/2028 | 9/16/2022 |
| 20 | Loan | | 1 | Abingdon Storage | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 9/19/2022 |
| 21 | Loan | | 1 | Clear Creek Plaza | 5,443 | 9.6% | 10/31/2026 | Rent-A-Center | 4,050 | 7.2% | 8/31/2025 | Clear Creek Dental | 3,481 | 6.2% | 6/30/2027 | 9/8/2022 |
| 22 | Loan | 23 | 1 | 218 E 5th Street | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 9/26/2022 |
| 23 | Loan | | 1 | Cross Pointe Centre - NC | 10,876 | 10.4% | 9/30/2032 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 9/6/2022 |
| 24 | Loan | | 1 | Walgreens Little Rock | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 11/9/2022 |
| Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | Upfront Insurance Reserve ($) | Monthly Insurance Reserve ($) | Upfront Replacement / PIP Reserve ($) | Monthly Replacement / FF&E Reserve ($) | Replacement Reserve Caps ($) | Upfront TI/LC Reserve ($) | Monthly TI/LC Reserve ($) | TI/LC Caps ($) | Upfront Debt Service Reserve ($) | Monthly Debt Service Reserve ($) | Debt Service Reserve Cap ($) |
| 1 | Loan | 5, A | 1 | Conair Glendale | 0 | Springing | 0 | 14,999 | 539,964 | 0 | Springing | 0 | 0 | 0 | 0 |
| 2 | Loan | 5, 9 | 1 | 100 & 150 South Wacker Drive | 0 | Springing | 0 | 19,576 | 0 | 0 | 293,634 | 5,285,403 | 0 | 0 | 0 |
| 3 | Loan | 5, 6, 7 | 3 | Orlando Office Portfolio | 0 | Springing | 0 | 21,453 | 772,320 | 5,500,000 | 128,720 | 0 | 0 | 0 | 0 |
| 3.01 | Property | | 1 | 390 North Orange | | | | | | | | | | | |
| 3.02 | Property | | 1 | Citrus Center | | | | | | | | | | | |
| 3.03 | Property | | 1 | One Orlando Centre | | | | | | | | | | | |
| 4 | Loan | 5, 10, 11, B | 1 | CX - 250 Water Street | 0 | Springing | 0 | 0 | 0 | 0 | Springing | 0 | 0 | 0 | 0 |
| 5 | Loan | 5, 6, 7, 12, 13, C | 7 | Brandywine Strategic Office Portfolio | 0 | Springing | 0 | Springing | 0 | 0 | Springing | 0 | 0 | 0 | 0 |
| 5.01 | Property | | 1 | 401-405 Colorado | | | | | | | | | | | |
| 5.02 | Property | | 1 | 1900 Market | | | | | | | | | | | |
| 5.03 | Property | | 1 | The Bulletin Building | | | | | | | | | | | |
| 5.04 | Property | | 1 | Four Points Centre 3 | | | | | | | | | | | |
| 5.05 | Property | | 1 | 500 North Gulph | | | | | | | | | | | |
| 5.06 | Property | | 1 | Metroplex, PA | | | | | | | | | | | |
| 5.07 | Property | | 1 | 933 First Avenue | | | | | | | | | | | |
| 6 | Loan | 14 | 1 | Tice's Corner | 0 | Springing | 0 | 1,987 | 0 | 695,000 | 27,316 | 695,000 | 0 | 0 | 0 |
| 7 | Loan | 6, 15 | 3 | Anchorage Hiltons Portfolio | 0 | Springing | 0 | 0 | 0 | 0 | 64,724 | 0 | 0 | 0 | 0 |
| 7.01 | Property | | 1 | Homewood Suites by Hilton Anchorage | | | | | | | | | | | |
| 7.02 | Property | | 1 | Hilton Garden Inn Anchorage | | | | | | | | | | | |
| 7.03 | Property | | 1 | Hampton Inn Anchorage | | | | | | | | | | | |
| 8 | Loan | 5 | 1 | Concord Mills | 0 | Springing | 0 | Springing | 0 | 0 | 109,888 | 2,637,302 | 0 | 0 | 0 |
| 9 | Loan | | 1 | The Shoppes at East Chase | 27,818 | 13,909 | 2,500,000 | 4,856 | 116,555 | 1,000,000 | 48,565 | 1,000,000 | 0 | 0 | 0 |
| 10 | Loan | 5, 16 | 1 | Millennium Boston Retail | 0 | Springing | 0 | Springing | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 11 | Loan | 5 | 1 | Norfolk Premium Outlets | 0 | Springing | 0 | Springing | 0 | 0 | 55,380 | 2,658,248 | 0 | 0 | 0 |
| 12 | Loan | 5, 7 | 1 | The Boulders Resort | 0 | Springing | 0 | 169,873 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 13 | Loan | | 1 | Birmingham Marriott | 0 | Springing | 0 | 40,789 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 14 | Loan | 5, 8, 17, 18, 19, D | 1 | Green Acres | 0 | Springing | 0 | Springing | 558,072 | 4,068,135 | 0 | 0 | 0 | 0 | 0 |
| 15 | Loan | 20 | 1 | Boca Corporate Center | 118,116 | 13,124 | 0 | 1,292 | 0 | 400,000 | 11,219 | 400,000 | 0 | 0 | 0 |
| 16 | Loan | 6, 7 | 2 | Carolinas Retail Portfolio | 0 | Springing | 355,285 | 3,695 | 0 | 300,000 | 24,634 | 600,000 | 0 | 0 | 0 |
| 16.01 | Property | | 1 | Boulevard Market Fair | | | | | | | | | | | |
| 16.02 | Property | | 1 | Landmark Center | | | | | | | | | | | |
| 17 | Loan | 8, 21 | 1 | Arlington Town Square | 0 | Springing | 0 | 2,094 | 0 | 0 | 17,089 | 410,132 | 0 | 0 | 0 |
| 18 | Loan | 22 | 1 | 4401 E. Dixon Blvd | 0 | Springing | 0 | 3,369 | 80,863 | 0 | 4,492 | 107,817 | 0 | 0 | 0 |
| 19 | Loan | 7 | 1 | The Landings South | 0 | Springing | 0 | 2,876 | 34,512 | 250,000 | 10,666 | 0 | 0 | 0 | 0 |
| 20 | Loan | | 1 | Abingdon Storage | 0 | Springing | 50,000 | 477 | 11,400 | 0 | 0 | 0 | 0 | 0 | 0 |
| 21 | Loan | | 1 | Clear Creek Plaza | 0 | Springing | 0 | 2,164 | 25,962 | 0 | Springing | 169,317 | 0 | 0 | 0 |
| 22 | Loan | 23 | 1 | 218 E 5th Street | 1,579 | 790 | 0 | 225 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 23 | Loan | | 1 | Cross Pointe Centre - NC | 0 | Springing | 25,000 | 3,038 | 104,155 | 0 | 6,510 | 234,349 | 0 | 0 | 0 |
| 24 | Loan | | 1 | Walgreens Little Rock | 0 | Springing | 0 | Springing | 0 | 0 | Springing | 0 | 0 | 0 | 0 |
| Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | Other Reserve Description | Other Reserve Cap ($) |
| 1 | Loan | 5, A | 1 | Conair Glendale | NAP | 0 |
| 2 | Loan | 5, 9 | 1 | 100 & 150 South Wacker Drive | Rent Concession Reserve ($2,702,773.36); Existing TI/LC Reserve ($358,658.75); Lease Termination Rollover Funds (Springing) | 0 |
| 3 | Loan | 5, 6, 7 | 3 | Orlando Office Portfolio | Rent Concession Reserve ($893,664); Existing TI/LC Reserve ($2,815,696) | 0 |
| 3.01 | Property | | 1 | 390 North Orange | | |
| 3.02 | Property | | 1 | Citrus Center | | |
| 3.03 | Property | | 1 | One Orlando Centre | | |
| 4 | Loan | 5, 10, 11, B | 1 | CX - 250 Water Street | Base Building Work Reserve ($5,932,952); Outstanding TI/LC Reserve ($7,160,274.31); Outstanding Linkage Fees Reserve ($4,500,617.42) | 0 |
| 5 | Loan | 5, 6, 7, 12, 13, C | 7 | Brandywine Strategic Office Portfolio | Outstanding TI/LC Obligations Reserve ($12,652,162.58; $9,900,000 LOC; $1,139,869.45 LOC), Outstanding Gap Rent Obligations Reserve ($1,376,789.42), Outstanding Free Rent Obligations Reserve ($1,044,971); Ground Rent Reserve (Springing) | 0 |
| 5.01 | Property | | 1 | 401-405 Colorado | | |
| 5.02 | Property | | 1 | 1900 Market | | |
| 5.03 | Property | | 1 | The Bulletin Building | | |
| 5.04 | Property | | 1 | Four Points Centre 3 | | |
| 5.05 | Property | | 1 | 500 North Gulph | | |
| 5.06 | Property | | 1 | Metroplex, PA | | |
| 5.07 | Property | | 1 | 933 First Avenue | | |
| 6 | Loan | 14 | 1 | Tice's Corner | Roof Replacement Reserve | 0 |
| 7 | Loan | 6, 15 | 3 | Anchorage Hiltons Portfolio | Seasonality Reserve ($972,897.15); PIP Reserve ($5,110,193) | 0 |
| 7.01 | Property | | 1 | Homewood Suites by Hilton Anchorage | | |
| 7.02 | Property | | 1 | Hilton Garden Inn Anchorage | | |
| 7.03 | Property | | 1 | Hampton Inn Anchorage | | |
| 8 | Loan | 5 | 1 | Concord Mills | Outstanding TI/LC Reserve | 0 |
| 9 | Loan | | 1 | The Shoppes at East Chase | Outstanding Leasing Costs Reserve ($816,622); Gap Rent Reserve ($81,519.42) | 0 |
| 10 | Loan | 5, 16 | 1 | Millennium Boston Retail | NAP | 0 |
| 11 | Loan | 5 | 1 | Norfolk Premium Outlets | NAP | 0 |
| 12 | Loan | 5, 7 | 1 | The Boulders Resort | Seasonality Reserve ($1,800,000); PIP (Springing) | 1,800,000 |
| 13 | Loan | | 1 | Birmingham Marriott | Seasonality Reserve ($54,000); PIP (Springing) | 435,000 |
| 14 | Loan | 5, 8, 17, 18, 19, D | 1 | Green Acres | Gap Rent Reserve ($743,644); Rollover Reserve (Springing) | 2,094,342 |
| 15 | Loan | 20 | 1 | Boca Corporate Center | Urgent Vet Pet Outstanding TI Allowance Reserve ($71,580.00); Israel Bonds Free Rent Reserve ($11,695.06) | 0 |
| 16 | Loan | 6, 7 | 2 | Carolinas Retail Portfolio | NAP | 0 |
| 16.01 | Property | | 1 | Boulevard Market Fair | | |
| 16.02 | Property | | 1 | Landmark Center | | |
| 17 | Loan | 8, 21 | 1 | Arlington Town Square | Innerstate LL Work Reserve ($593,056); Innerstate Gap Rent Reserve ($251,628.25); Unpaid TI ($181,630) | 0 |
| 18 | Loan | 22 | 1 | 4401 E. Dixon Blvd | DLG - Outstanding TI Allowance ($50,000.00); Bosch - Outstanding TI Allowance ($275,000.00) | 0 |
| 19 | Loan | 7 | 1 | The Landings South | NAP | 0 |
| 20 | Loan | | 1 | Abingdon Storage | NAP | 0 |
| 21 | Loan | | 1 | Clear Creek Plaza | NAP | 0 |
| 22 | Loan | 23 | 1 | 218 E 5th Street | NAP | 0 |
| 23 | Loan | | 1 | Cross Pointe Centre - NC | Ground Rent Reserve ($32,667); Upfront Reserves ($100,000) | 0 |
| 24 | Loan | | 1 | Walgreens Little Rock | NAP | 0 |
| Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | Holdback/ Earnout Amount ($) | Holdback/ Earnout Description | Lockbox Type | Cash Management | Excess Cash Trap Triggered by DSCR and/or Debt Yield Test (Y/N) | Tenant Specific Excess Cash Trap Trigger (Y/N) | Pari Passu (Y/N) | Pari Passu in Trust Controlling (Y/N) | Trust Pari Passu Cut-off Date Balance ($) | Non-Trust Pari Passu Companion Loan Cut-off Date Balance ($) | Non-Trust Pari Passu Companion Loan Monthly Debt Service ($) | Total Trust and Non-Trust Pari Passu Companion Loan Monthly Debt Service ($) |
| 1 | Loan | 5, A | 1 | Conair Glendale | 0 | NAP | Hard | In Place | Yes | Yes | Yes | Yes | 70,000,000 | 30,000,000 | 170,967.02 | 569,890.05 |
| 2 | Loan | 5, 9 | 1 | 100 & 150 South Wacker Drive | 0 | NAP | Hard | In Place | Yes | No | Yes | Yes | 65,000,000 | 35,000,000 | 180,062.44 | 514,464.12 |
| 3 | Loan | 5, 6, 7 | 3 | Orlando Office Portfolio | 0 | NAP | Hard | In Place | Yes | No | Yes | Yes | 65,000,000 | 70,000,000 | 402,708.22 | 776,651.56 |
| 3.01 | Property | | 1 | 390 North Orange | | | | | | | | | | | | |
| 3.02 | Property | | 1 | Citrus Center | | | | | | | | | | | | |
| 3.03 | Property | | 1 | One Orlando Centre | | | | | | | | | | | | |
| 4 | Loan | 5, 10, 11, B | 1 | CX - 250 Water Street | 0 | NAP | Hard | Springing | Yes | Yes | Yes | No | 55,000,000 | 476,500,000 | 2,218,115.78 | 2,474,141.73 |
| 5 | Loan | 5, 6, 7, 12, 13, C | 7 | Brandywine Strategic Office Portfolio | 0 | NAP | Hard | Springing | Yes | No | Yes | No | 50,000,000 | 195,000,000 | 967,947.05 | 1,216,138.60 |
| 5.01 | Property | | 1 | 401-405 Colorado | | | | | | | | | | | | |
| 5.02 | Property | | 1 | 1900 Market | | | | | | | | | | | | |
| 5.03 | Property | | 1 | The Bulletin Building | | | | | | | | | | | | |
| 5.04 | Property | | 1 | Four Points Centre 3 | | | | | | | | | | | | |
| 5.05 | Property | | 1 | 500 North Gulph | | | | | | | | | | | | |
| 5.06 | Property | | 1 | Metroplex, PA | | | | | | | | | | | | |
| 5.07 | Property | | 1 | 933 First Avenue | | | | | | | | | | | | |
| 6 | Loan | 14 | 1 | Tice's Corner | 0 | NAP | Hard | Springing | Yes | No | No | NAP | NAP | NAP | NAP | NAP |
| 7 | Loan | 6, 15 | 3 | Anchorage Hiltons Portfolio | 0 | NAP | Hard | Springing | Yes | Yes | No | NAP | NAP | NAP | NAP | NAP |
| 7.01 | Property | | 1 | Homewood Suites by Hilton Anchorage | | | | | | | | | | | | |
| 7.02 | Property | | 1 | Hilton Garden Inn Anchorage | | | | | | | | | | | | |
| 7.03 | Property | | 1 | Hampton Inn Anchorage | | | | | | | | | | | | |
| 8 | Loan | 5 | 1 | Concord Mills | 0 | NAP | Hard | Springing | Yes | Yes | Yes | No | 49,883,139 | 184,567,615 | 1,175,171.89 | 1,492,785.91 |
| 9 | Loan | | 1 | The Shoppes at East Chase | 0 | NAP | Hard | Springing | Yes | No | No | NAP | NAP | NAP | NAP | NAP |
| 10 | Loan | 5, 16 | 1 | Millennium Boston Retail | 0 | NAP | Hard | Springing | Yes | Yes | Yes | No | 29,903,876 | 59,807,752 | 374,125.75 | 561,188.62 |
| 11 | Loan | 5 | 1 | Norfolk Premium Outlets | 0 | NAP | Hard | Springing | Yes | No | Yes | No | 25,000,000 | 50,000,000 | 253,342.65 | 380,013.98 |
| 12 | Loan | 5, 7 | 1 | The Boulders Resort | 0 | NAP | Hard | In Place | Yes | No | Yes | No | 24,827,588 | 74,482,765 | 428,811.00 | 571,748.00 |
| 13 | Loan | | 1 | Birmingham Marriott | 0 | NAP | Hard | In Place | Yes | No | No | NAP | NAP | NAP | NAP | NAP |
| 14 | Loan | 5, 8, 17, 18, 19, D | 1 | Green Acres | 0 | NAP | Hard | Springing | Yes | Yes | Yes | No | 20,000,000 | 350,000,000 | 1,744,438.07 | 1,844,120.25 |
| 15 | Loan | 20 | 1 | Boca Corporate Center | 0 | NAP | Soft | Springing | Yes | Yes | No | NAP | NAP | NAP | NAP | NAP |
| 16 | Loan | 6, 7 | 2 | Carolinas Retail Portfolio | 0 | NAP | Hard | Springing | Yes | Yes | No | NAP | NAP | NAP | NAP | NAP |
| 16.01 | Property | | 1 | Boulevard Market Fair | | | | | | | | | | | | |
| 16.02 | Property | | 1 | Landmark Center | | | | | | | | | | | | |
| 17 | Loan | 8, 21 | 1 | Arlington Town Square | 0 | NAP | Hard | Springing | Yes | No | No | NAP | NAP | NAP | NAP | NAP |
| 18 | Loan | 22 | 1 | 4401 E. Dixon Blvd | 0 | NAP | Hard | In Place | Yes | Yes | No | NAP | NAP | NAP | NAP | NAP |
| 19 | Loan | 7 | 1 | The Landings South | 0 | NAP | Hard | Springing | Yes | Yes | No | NAP | NAP | NAP | NAP | NAP |
| 20 | Loan | | 1 | Abingdon Storage | 0 | NAP | None | None | No | No | No | NAP | NAP | NAP | NAP | NAP |
| 21 | Loan | | 1 | Clear Creek Plaza | 0 | NAP | Springing | Springing | Yes | Yes | No | NAP | NAP | NAP | NAP | NAP |
| 22 | Loan | 23 | 1 | 218 E 5th Street | 0 | NAP | Springing | Springing | Yes | No | No | NAP | NAP | NAP | NAP | NAP |
| 23 | Loan | | 1 | Cross Pointe Centre - NC | 0 | NAP | Hard | Springing | Yes | Yes | No | NAP | NAP | NAP | NAP | NAP |
| 24 | Loan | | 1 | Walgreens Little Rock | 0 | NAP | Soft | Springing | Yes | Yes | No | NAP | NAP | NAP | NAP | NAP |
| 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 (%) | Total Debt Underwritten NCF DSCR (x) | Total Debt Underwritten NOI Debt Yield (%) | Future Additional Debt Permitted (Y/N) |
| 1 | Loan | 5, A | 1 | Conair Glendale | NAP | NAP | 100,000,000 | 569,890.05 | 51.0% | 1.55 | 10.8% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | No |
| 2 | Loan | 5, 9 | 1 | 100 & 150 South Wacker Drive | NAP | NAP | 100,000,000 | 514,464 | 37.3% | 2.60 | 18.0% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | No |
| 3 | Loan | 5, 6, 7 | 3 | Orlando Office Portfolio | NAP | NAP | 135,000,000 | 776,652 | 56.7% | 1.42 | 10.4% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | No |
| 3.01 | Property | | 1 | 390 North Orange | | | | | | | | | | | | | | | |
| 3.02 | Property | | 1 | Citrus Center | | | | | | | | | | | | | | | |
| 3.03 | Property | | 1 | One Orlando Centre | | | | | | | | | | | | | | | |
| 4 | Loan | 5, 10, 11, B | 1 | CX - 250 Water Street | NAP | NAP | 531,500,000 | 2,474,142 | 48.8% | 1.66 | 9.3% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | No |
| 5 | Loan | 5, 6, 7, 12, 13, C | 7 | Brandywine Strategic Office Portfolio | NAP | NAP | 245,000,000 | 1,216,139 | 39.7% | 2.80 | 18.0% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | No |
| 5.01 | Property | | 1 | 401-405 Colorado | | | | | | | | | | | | | | | |
| 5.02 | Property | | 1 | 1900 Market | | | | | | | | | | | | | | | |
| 5.03 | Property | | 1 | The Bulletin Building | | | | | | | | | | | | | | | |
| 5.04 | Property | | 1 | Four Points Centre 3 | | | | | | | | | | | | | | | |
| 5.05 | Property | | 1 | 500 North Gulph | | | | | | | | | | | | | | | |
| 5.06 | Property | | 1 | Metroplex, PA | | | | | | | | | | | | | | | |
| 5.07 | Property | | 1 | 933 First Avenue | | | | | | | | | | | | | | | |
| 6 | Loan | 14 | 1 | Tice's Corner | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | No |
| 7 | Loan | 6, 15 | 3 | Anchorage Hiltons Portfolio | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | No |
| 7.01 | Property | | 1 | Homewood Suites by Hilton Anchorage | | | | | | | | | | | | | | | |
| 7.02 | Property | | 1 | Hilton Garden Inn Anchorage | | | | | | | | | | | | | | | |
| 7.03 | Property | | 1 | Hampton Inn Anchorage | | | | | | | | | | | | | | | |
| 8 | Loan | 5 | 1 | Concord Mills | NAP | NAP | 234,450,754 | 1,492,786 | 39.7% | 2.02 | 16.1% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | No |
| 9 | Loan | | 1 | The Shoppes at East Chase | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | No |
| 10 | Loan | 5, 16 | 1 | Millennium Boston Retail | NAP | NAP | 89,711,627 | 561,189 | 44.4% | 1.47 | 11.7% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | No |
| 11 | Loan | 5 | 1 | Norfolk Premium Outlets | NAP | NAP | 75,000,000 | 380,014 | 58.1% | 2.02 | 13.2% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | No |
| 12 | Loan | 5, 7 | 1 | The Boulders Resort | NAP | NAP | 99,310,353 | 571,748 | 42.7% | 2.31 | 18.0% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | No |
| 13 | Loan | | 1 | Birmingham Marriott | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | No |
| 14 | Loan | 5, 8, 17, 18, 19, D | 1 | Green Acres | NAP | NAP | 370,000,000 | 1,844,120 | 54.5% | 2.10 | 13.0% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | No |
| 15 | Loan | 20 | 1 | Boca Corporate Center | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | No |
| 16 | Loan | 6, 7 | 2 | Carolinas Retail Portfolio | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | No |
| 16.01 | Property | | 1 | Boulevard Market Fair | | | | | | | | | | | | | | | |
| 16.02 | Property | | 1 | Landmark Center | | | | | | | | | | | | | | | |
| 17 | Loan | 8, 21 | 1 | Arlington Town Square | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | No |
| 18 | Loan | 22 | 1 | 4401 E. Dixon Blvd | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | No |
| 19 | Loan | 7 | 1 | The Landings South | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | No |
| 20 | Loan | | 1 | Abingdon Storage | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | No |
| 21 | Loan | | 1 | Clear Creek Plaza | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | No |
| 22 | Loan | 23 | 1 | 218 E 5th Street | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | No |
| 23 | Loan | | 1 | Cross Pointe Centre - NC | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | No |
| 24 | Loan | | 1 | Walgreens Little Rock | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | No |
| Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | Future Debt Permitted Type | Sponsor | Non-Recourse Carveout Guarantor | Delaware Statutory Trust
(Y/N) | Tenants-in-common
(Y/N) |
| 1 | Loan | 5, A | 1 | Conair Glendale | NAP | Conair Holdings LLC | CRE Holding LLC | No | No |
| 2 | Loan | 5, 9 | 1 | 100 & 150 South Wacker Drive | NAP | MJH Realty LLC | MJH Realty LLC | No | No |
| 3 | Loan | 5, 6, 7 | 3 | Orlando Office Portfolio | NAP | Southwest Value Partners Fund XVIII LP | Southwest Value Partners Fund XVIII LP | No | No |
| 3.01 | Property | | 1 | 390 North Orange | | | | | |
| 3.02 | Property | | 1 | Citrus Center | | | | | |
| 3.03 | Property | | 1 | One Orlando Centre | | | | | |
| 4 | Loan | 5, 10, 11, B | 1 | CX - 250 Water Street | NAP | DivcoWest Real Estate Services, LLC, California State Teachers' Retirement System and Teacher Retirement System of Texas | DW Propco EF, LLC | No | No |
| 5 | Loan | 5, 6, 7, 12, 13, C | 7 | Brandywine Strategic Office Portfolio | NAP | Brandywine Operating Partnership, L.P. | Brandywine Operating Partnership, L.P. | No | No |
| 5.01 | Property | | 1 | 401-405 Colorado | | | | | |
| 5.02 | Property | | 1 | 1900 Market | | | | | |
| 5.03 | Property | | 1 | The Bulletin Building | | | | | |
| 5.04 | Property | | 1 | Four Points Centre 3 | | | | | |
| 5.05 | Property | | 1 | 500 North Gulph | | | | | |
| 5.06 | Property | | 1 | Metroplex, PA | | | | | |
| 5.07 | Property | | 1 | 933 First Avenue | | | | | |
| 6 | Loan | 14 | 1 | Tice's Corner | NAP | David A. Waldman | David A. Waldman | No | No |
| 7 | Loan | 6, 15 | 3 | Anchorage Hiltons Portfolio | NAP | Columbia Sussex | CSC Holdings, LLC | No | No |
| 7.01 | Property | | 1 | Homewood Suites by Hilton Anchorage | | | | | |
| 7.02 | Property | | 1 | Hilton Garden Inn Anchorage | | | | | |
| 7.03 | Property | | 1 | Hampton Inn Anchorage | | | | | |
| 8 | Loan | 5 | 1 | Concord Mills | NAP | Simon Property Group, L.P. | Simon Property Group, L.P. | No | No |
| 9 | Loan | | 1 | The Shoppes at East Chase | NAP | Hardam S. Azad | Hardam S. Azad and Jane J. Harmeyer | No | Yes |
| 10 | Loan | 5, 16 | 1 | Millennium Boston Retail | NAP | Millennium Partners | Millennium CAF II LLC | No | No |
| 11 | Loan | 5 | 1 | Norfolk Premium Outlets | NAP | Simon Property Group, L.P. | Simon Property Group, L.P. | No | No |
| 12 | Loan | 5, 7 | 1 | The Boulders Resort | NAP | William J. Yung III, Martha Yung, William J. Yung IV, Joseph A. Yung, Julie A. Haught, Judith A. Yung, Jennifer A. Yung, Michelle M. Christensen and Scott A. Yung | CSC Holdings, LLC | No | No |
| 13 | Loan | | 1 | Birmingham Marriott | NAP | William J. Yung III, Martha Yung, William J. Yung IV, Joseph A. Yung, Julie A. Haught, Judith A. Yung, Jennifer A. Yung, Michelle M. Christensen and Scott A. Yung | CSC Holdings, LLC | No | No |
| 14 | Loan | 5, 8, 17, 18, 19, D | 1 | Green Acres | NAP | The Macerich Partnership, L.P. | The Macerich Partnership, L.P. | No | No |
| 15 | Loan | 20 | 1 | Boca Corporate Center | NAP | Michael Kanoff and Sylvia Kanoff | Michael Kanoff and Sylvia Kanoff | No | Yes |
| 16 | Loan | 6, 7 | 2 | Carolinas Retail Portfolio | NAP | Francis Greenburger | Francis Greenburger | No | Yes |
| 16.01 | Property | | 1 | Boulevard Market Fair | | | | | |
| 16.02 | Property | | 1 | Landmark Center | | | | | |
| 17 | Loan | 8, 21 | 1 | Arlington Town Square | NAP | Francis Greenburger | Francis Greenburger | No | Yes |
| 18 | Loan | 22 | 1 | 4401 E. Dixon Blvd | NAP | Kenneth Levy | Kenneth Levy and Kenneth Levy, as Trustee of The Levy Family Trust | No | No |
| 19 | Loan | 7 | 1 | The Landings South | NAP | Time Equities | Francis Greenburger | No | No |
| 20 | Loan | | 1 | Abingdon Storage | NAP | Jacob Ramage | Jacob Ramage | Yes | No |
| 21 | Loan | | 1 | Clear Creek Plaza | NAP | Edgar J. Roberts | Edgar J. Roberts | No | No |
| 22 | Loan | 23 | 1 | 218 E 5th Street | NAP | Christopher J. Leahy and Maria R. Manalo | Christopher J. Leahy | No | No |
| 23 | Loan | | 1 | Cross Pointe Centre - NC | NAP | Alan Eisenbaum, Wayne Eisenbaum and Alan J. Helene | Alan Eisenbaum, Wayne Eisenbaum and Alan J. Helene | No | No |
| 24 | Loan | | 1 | Walgreens Little Rock | NAP | Desiree Sipin-Silo | The Merlander Family Irrevocable Trust | No | No |
| | BANK 2023-BNK45 |
| | Footnotes to Annex A-1 |
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| | |
| (1) | BANA—Bank of America, National Association; WFB—Wells Fargo Bank, National Association; MSBNA—Morgan Stanley Bank, N.A.; MSMCH—Morgan Stanley Mortgage Capital Holdings LLC. |
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| (2) | Certain tenants may not be in occupancy or may be in free rent periods. See "Description of the Mortgage Pool—Tenant Issues—Lease Expirations and Terminations—Other” in this prospectus for information regarding (i) single tenant properties, (ii) the largest 5 tenants with respect to the largest 15 Mortgage Loans or groups of cross-collateralized Mortgage Loans and (iii) tenants that individually or together with their affiliates occupy 50% or more of the net rentable area of related Mortgaged Properties, which, in each case, are not in occupancy or are in free rent periods. |
| | |
| (3) | The Administrative Fee Rate % includes the Servicing Fee Rate, the Operating Advisor Fee Rate, the Certificate Administrator/Trustee Fee Rate, the Asset Representations Reviewer Fee Rate and the CREFC® Intellectual Property Royalty License Fee Rate applicable to each Mortgage Loan. |
| | |
| (4) | Certain tenants may have lease termination options that are exercisable prior to the originally stated expiration date of the subject lease. See "Description of the Mortgage Pool—Tenant Issues—Lease Expirations and Terminations—Terminations” for information regarding certain lease termination options affecting (i) single tenant properties, (ii) the largest 5 tenants with respect to the largest 15 Mortgage Loans or groups of cross-collateralized Mortgage Loans and (iii) tenants that occupy 50% or more of the net rentable area of the related Mortgaged Properties. |
| | |
| (5) | With respect to Mortgage Loan No. 1, Conair Glendale, Mortgage Loan No. 2, 100 & 150 South Wacker Drive, Mortgage Loan No. 3, Orlando Office Portfolio, Mortgage Loan No. 4, CX - 250 Water Street, Mortgage Loan No. 5, Brandywine Strategic Office Portfolio, Mortgage Loan No. 8, Concord Mills, Mortgage Loan No. 10, Millennium Boston Retail, Mortgage Loan No. 11, Norfolk Premium Outlets, Mortgage Loan No. 12, The Boulders Resort, and Mortgage Loan No. 14, Green Acres, each such Mortgage Loan is part of a whole loan related to the Issuing Entity. For further information, with respect to each serviced whole loan, see “Description of the Mortgage Pool—The Whole Loans—The Serviced Pari Passu Whole Loans” and “Pooling and Servicing Agreement”, and with respect to each non-serviced whole loan, see “Description of the Mortgage Pool—The Whole Loans—The Non-Serviced Pari Passu Whole Loans”, “Pooling and Servicing Agreement—Servicing of the Non-Serviced Mortgage Loans” and “—Servicing of the Servicing Shift Mortgage Loans and the Green Acres Whole Loan” in this prospectus. |
| | |
| (6) | With respect to Mortgage Loan No. 3, Orlando Office Portfolio, Mortgage Loan No. 5, Brandywine Strategic Office Portfolio, Mortgage Loan No. 7, Anchorage Hiltons Portfolio, and Mortgage Loan No. 16, Carolinas Retail Portfolio, each such Mortgage Loan is secured by multiple mortgaged properties. For purposes of the statistical information set forth in this prospectus as to such mortgage loans, all LTV, DSCR, Debt Yield and Cut-off Date Balance per SF/Units/Rooms/Pads calculations are shown on an aggregate basis, and a portion of the Cut-off Date Balance has been allocated to each mortgaged property based on the respective Appraised Values and/or UW NCF, among other methods. |
| | |
| (7) | With respect to Mortgage Loan No. 3, Orlando Office Portfolio, Mortgage Loan No. 5, Brandywine Strategic Office Portfolio, Mortgage Loan No. 12, The Boulders Resort, Mortgage Loan No. 16, Carolinas Retail Portfolio, and Mortgage Loan No. 19, The Landings South, the related loan documents permit a partial collateral release subject to LTV, DSCR and/or Debt Yield tests, and/or other release conditions, in connection with a partial defeasance or prepayment of the related mortgage loan. See “Description of the Mortgage Pool—Certain Terms of the Mortgage Loans—Defeasance” and “—Releases; Partial Releases; Property Additions” in this prospectus. |
| | |
| (8) | With respect to Mortgage Loan No. 14, Green Acres, and Mortgage Loan No. 17, Arlington Town Square, the related loan documents permit one or more outparcel or other releases without prepayment or defeasance. See “Description of the Mortgage Pool—Certain Terms of the Mortgage Loans—Releases; Partial Releases; Property Additions” in this prospectus. |
| | |
| (9) | With respect to Mortgage Loan No. 2, 100 & 150 South Wacker Drive, once every 12 month period during the term of the loan, the Debt Service Payment Grace Period to Impose Late Charge will be two business days. |
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| (10) | With respect to Mortgage Loan No. 4, CX - 250 Water Street, the Whole Loan is structured with an Anticipated Repayment Date of February 10, 2033 and a final maturity date of February 10, 2038. The initial interest rate for the CX - 250 Water Street Whole Loan is 5.5095% per annum. After the ARD, the interest rate will increase to the greater of (i) 7.5095% and (ii) the sum of the swap rate in effect on the ARD plus 4.2800%. The metrics presented above are calculated based on the ARD. |
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| (11) | With respect to Mortgage Loan No. 4, CX - 250 Water Street, the Appraised Value represents the Prospective Market Value Upon Completion & Stabilization, which assumes that, as of January 1, 2023, remaining construction balances are paid, outstanding tenant improvements are paid to the tenant, the tenant has commenced rent payments, and retail space leasing costs are paid, all of which have occurred other than payment of $5,932,952 for base building work and $7,160,274 for tenant improvements and future retail leasing costs. Such amounts for base building work and tenant improvements were fully reserved by the lender at loan origination. The appraisal concluded to an “as-is” appraised value of $960,000,000 as of May 4, 2022. The “as-is” appraised value results in a Cut-off Date LTV Ratio and Maturity Date LTV Ratio of 55.4% for the CX - 250 Water Street Whole Loan. The appraisal |
| | concluded to an “as dark” appraised value of $920,000,000 as of May 4, 2022. The “as dark” appraised value results in a Cut-off Date LTV Ratio and Maturity Date LTV Ratio of 57.8% for the CX - 250 Water Street Whole Loan. |
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| (12) | With respect to Mortgage Loan No. 5, Brandywine Strategic Office Portfolio, the Appraised Value reflects the portfolio value of the Brandywine Strategic Office Portfolio Properties (as defined below) which includes a 4.15% premium over the aggregate of the individual property values. According to the individual appraisals, the aggregate appraised value of the individual properties equals $592,600,000 and results in a Cut-off Date LTV Ratio and Maturity Date LTV Ratio of 41.3%. The individual appraised value of the 500 North Gulph Property assumes the assignment and extension of the CSL Behring L.L.C. lease is successfully executed. |
| | |
| (13) | With respect to Mortgage Loan No. 5, Brandywine Strategic Office Portfolio, the Whole Loan documents provide for an upfront reserve of $23,692,032 for outstanding landlord obligations, $11,039,869 of which was delivered in the form of letters of credit. |
| | |
| (14) | With respect to Mortgage Loan No. 6, Tice's Corner, the lender underwrote rent for tenant Nike based on assumed sales of $535 PSF. Nike pays 9% of sales in lieu of base rent during the first two years of the term of the Tices Corner Mortgage Loan. Nike opened on 10/12/2022 and has not yet reported sales. |
| | |
| (15) | With respect to Mortgage Loan No. 7, Anchorage Hiltons Portfolio, the Appraised Value of each of the Homewood Suites by Hilton Anchorage Property and Hilton Garden Inn Anchorage Property represents in each case the “Secondary As Is Value” which is based off the extraordinary assumption that 110.0% of the cost of the related property improvement plan (“PIP”) is fully funded and escrowed by the lender, and as a result the related appraisals have not deducted the cost of the required renovations but have projected the completion of the work outlined in the respective PIP for each Mortgaged Property and the associated improvement in operations as a result of each related PIP. At origination, $5,173,375 was reserved for scheduled PIPs applicable to the Anchorage Hiltons Portfolio Properties. The appraisals also provided an aggregate “As Is” appraised value of $83,000,000 without such extraordinary assumption, which would result in a Cut-off Date LTV Ratio of 60.2% and a Maturity Date LTV Ratio of 52.3%. |
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| (16) | With respect to Mortgage Loan No. 10, Millennium Boston Retail, parking income is 26.7% of Underwritten Effective Gross Income. |
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| (17) | With respect to Mortgage Loan No. 14, Green Acres, the Appraised Value of $679,000,000 is based on the assumption that the related PILOT documents will be extended to 2031. Approximately $119,100,000 was included in the as-is appraised value of $679,000,000 as the present value of the PILOT benefits through 2031. However, in the absence of the PILOT tax benefits beyond 2026, the as-is appraised value of the Mortgaged Property would be reduced by approximately $58,000,000, resulting in an estimated value of $621,000,000. There is no assurance that the PILOT benefits will be extended. See “—Real Estate and Other Tax Considerations” for a discussion of the PILOT program and the assumed extension. |
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| (18) | With respect to Mortgage Loan No. 14, Green Acres, the third largest tenant, SEARS, and the fifth largest tenant, KOHL'S are each dark, having vacated their respective leased premises. SEARS and KOHL'S each remain in control of their respective leased space and are required under the terms of their respective leases to continue to pay full rent. |
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| (19) | With respect to Mortgage Loan No. 14, Green Acres, the borrowers are required to cause rents to be deposited into a lockbox account established at origination under the Green Acres Whole Loan documents, and the borrowers will have access to the funds in the lockbox account and will be able to use the lockbox account as an operating account so long as no Trigger Period continues. During the continuance of a Trigger Period, 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. |
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| (20) | With respect to Mortgage Loan No. 15, Boca Corporate Center, the third largest tenant, West Boca Executive Suites, representing 11.1% of NRA and 12.0% of underwritten rent, is an affiliate of the related borrower sponsor. |
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| (21) | With respect to Mortgage Loan No. 17, Arlington Town Square, the Appraised Value of $17,500,000 constitutes an As Is value based on an extraordinary assumption which is based on the assumptions that (x) the Letter of Intent for suite 0200 (10,507 SF) results in an executed lease and (y) the seller pays all costs associated with tenant improvements, leasing commissions and free rent for such tenant. The related tenant, Innerstate LLC, has executed its lease and such lease is expected to commence on March 1, 2023. We cannot assure you that such tenant will occupy its space and begin paying rent pursuant to its lease as anticipated or at all. At origination, the borrower deposited $593,056 into a reserve for landlord work for Innerstate LLC and approximately $251,628 into a reserve for gap rent, free rent and discounted rent for Innerstate LLC. The Appraised Value per SF, Cut-off Date LTV Ratio and Maturity Date LTV Ratio for the Arlington Town Square Mortgage Loan based on the "As Is" value of $17,100,000 as of October 19, 2022 (which value does not utilize any assumptions) are $136, 60.5%, and 60.5%, respectively. |
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| (22) | With respect to Mortgage Loan No. 18, 4401 E. Dixon Blvd, if any monthly installment payable, other than the payment of principal and any other amounts due on the Maturity Date, is not paid within 15 days of the date when such payment is due, the borrower is required to pay to the lender an amount equal to the lesser of 4% of such unpaid sum or the maximum amount permitted by applicable law to defray the expenses incurred by the lender in handling and processing the delinquent payment and to compensate the lender for the loss of the use of the delinquent payment. |
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| (23) | With respect to Mortgage Loan No. 22, 218 E 5th Street, the Units/SF and Cut-Off Date Balance per Unit or SF is based on the multifamily portion of the property, which is 10 units (with one of the ten units being subject to rent stabilization). The 218 E 5th |
| | Street Property also contains 1,500 SF of retail space, leased to 2 tenants, representing 23.8% of UW Effective Gross Income. The two retail tenants’ % of NRA is based on the retail portion of the property only. |
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| A. | “Yield Maintenance Premium” shall mean an amount equal to the greater of the following two amounts: (a) an amount equal to the Applicable Percentage of the amount prepaid; or (b) an amount equal to (i) the amount, if any, by which the sum of the present values as of the prepayment date of all unpaid principal and interest payments required hereunder, calculated by discounting such payments from the respective dates each such payment was due hereunder (or, with respect to the payment required on the Open Period Start Date (assuming the outstanding principal balance of the Loan is due on the Open Period Start Date), from the Open Period Start Date) back to the prepayment date at a discount rate equal to the Periodic Treasury Yield (defined below) exceeds the outstanding principal balance of the Loan as of the prepayment date, multiplied by (ii) a fraction whose numerator is the amount prepaid and whose denominator is the outstanding principal balance of the Loan as of the prepayment date. For purposes of the foregoing, “Periodic Treasury Yield” shall mean (y) the annual yield to maturity of the actively traded non-callable United States Treasury fixed interest rate security (other than any such security which can be surrendered at the option of the holder at face value in payment of federal estate tax or which was issued at a substantial discount) that has a maturity closest to (whether before, on or after) the Open Period Start Date (or if two or more such securities have maturity dates equally close to the Open Period Start Date, the average annual yield to maturity of all such securities), as reported in The Wall Street Journal or other authoritative publication or news retrieval service on the fifth Business Day preceding the prepayment date, divided by (z) 12. Lender’s calculation of the Yield Maintenance Premium, and all component calculations, shall be conclusive and binding on Borrower absent manifest error. |
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| B. | “Yield Maintenance Amount” shall mean the present value, as of the Repayment Date, of the remaining scheduled payments of principal and interest from the Repayment Date through the Open Prepayment Date (including any balloon payment) determined by discounting such payments at the Discount Rate, less the amount of principal being prepaid on the Repayment Date.
“Discount Rate” shall mean the rate which, when compounded monthly, is equivalent to the lesser of (i) the Treasury Rate and (ii) the Swap Rate, each when compounded semiannually.
“Treasury Rate” shall mean the yield calculated by the linear interpolation of the yields, as reported in Federal Reserve Statistical Release H.15 Selected Interest Rates under the heading U.S. Government Securities/Treasury Constant Maturities for the week ending prior to the Repayment Date, of U.S. Treasury constant maturities with maturity dates (one longer and one shorter) most nearly approximating the Open Prepayment Date. (In the event Release H.15 is no longer published, Lender shall select a comparable publication to determine the Treasury Rate.) |
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| C. | “Yield Maintenance Amount” shall mean the present value, as of the Repayment Date, of the remaining scheduled payments of principal and interest from the Repayment Date through the Open Prepayment Date (including any balloon payment), without duplication of accrued
interest collected through or on the Repayment Date, determined by discounting such payments at the Discount Rate, less the amount of principal being prepaid on the Repayment Date.
“Discount Rate” shall mean the rate which, when compounded monthly, is equivalent to the Treasury Rate compounded semi-annually.
“Treasury Rate” shall mean the yield calculated by the linear interpolation of the yields, as reported in Federal Reserve Statistical Release H.15 Selected Interest Rates under the heading U.S. Government Securities/Treasury Constant Maturities for the date that is the week ending before the Repayment Date, of U.S. Treasury constant maturities with maturity dates (one longer and one shorter) most nearly approximating the Open Prepayment Date. (In the event Release H.15 is no longer published, Lender shall select a comparable publication to determine the Treasury Rate.)
|
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| D. | “Yield Maintenance Premium” shall mean an amount equal to the greater of the following two amounts: (a) an amount equal to 1% of the amount prepaid; or (b) an amount equal to (i) the amount, if any, by which (x) the sum of the present values as of the prepayment date of all unpaid principal and interest payments required hereunder (including the balloon payment on the Maturity Date), calculated by discounting such payments from the respective dates each such payment was due hereunder (or, with respect to the payment required on the Open Prepayment Date (assuming the outstanding principal balance of the Loan is due on the Open Prepayment Date), from the Open Prepayment Date) back to the prepayment date at a discount rate equal to the Periodic Treasury Yield (defined below) exceeds (y) the outstanding principal balance of the Loan as of the prepayment date, multiplied by (ii) a fraction whose numerator is the amount prepaid and whose denominator is the outstanding principal balance of the Loan as of the prepayment date. For purposes of the foregoing, “Periodic Treasury Yield” shall mean the arithmetic mean of the rates published as “Treasury Constant Maturities” as of 5:00 p.m., New York time, for the date on which a prepayment subject to Yield Maintenance Premium is made, as shown on the USD screen of Reuters (or such other page as may replace that page on that service, or such other page or replacement therefor on any successor service), or if such service is not available, the Bloomberg Service (or any successor service), or if neither Reuters nor the Bloomberg Service is available, under Section 504 in the weekly statistical release designated H.15(519) (or any successor publication) published by the Board of Governors of the Federal Reserve System, for “On the Run” U.S. Treasury obligations corresponding to the commencement of the period after the Open Prepayment Date. If no such maturity shall so exactly correspond, yields for the two most closely corresponding published maturities shall be calculated pursuant to the foregoing sentence and the Treasury Constant Yield shall be interpolated or extrapolated (as applicable) from such yields on a straight-line basis (rounding, in the case of relevant periods, to the nearest month). Lender’s calculation of the Yield Maintenance Premium, and all component calculations, shall be conclusive and binding on Borrower absent manifest error. |
