| FREE WRITING PROSPECTUS | ||
| FILED PURSUANT TO RULE 433 | ||
| REGISTRATION FILE NO.: 333-257991-07 | ||
BANK 2023-BNK46 Disclaimer
STATEMENT REGARDING THIS FREE WRITING PROSPECTUS
The depositor has filed a registration statement (including a prospectus) with the Securities and Exchange Commission (“SEC”) (SEC File No. 333-257991) for the offering to which this communication relates. Before you invest, you should read the prospectus in the registration statement and other documents the depositor has filed with the SEC for more complete information about the depositor, the issuing entity and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the depositor, any 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 1-800-745-2063 (8 a.m. – 5 p.m. EST) or by emailing wfs.cmbs@wellsfargo.com.
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herein is preliminary as of the date hereof, supersedes any such information previously delivered to you and will be superseded by any such information subsequently delivered and ultimately by the final prospectus relating to the securities.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.
This free writing prospectus has been prepared by the underwriters for information purposes only and does not constitute, in whole or in part, a prospectus for the purposes of (i) Regulation (EU) 2017/1129 (as amended), (ii) such Regulation as it forms part of UK domestic law, or (iii) Part VI of the UK Financial Services and Markets Act 2000, as amended; and does not constitute an offering document for any other purpose.
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 Wells Fargo Securities, LLC, BofA Securities, Inc., Morgan Stanley & Co. LLC, J.P. Morgan Securities LLC, Academy Securities, Inc., Drexel Hamilton, LLC, Siebert Williams Shank & Co., 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.
Wells Fargo Securities is the trade name for the capital markets and investment banking services of Wells Fargo & Company and its subsidiaries, including but not limited to Wells Fargo Securities, LLC, a member of NYSE, FINRA, NFA and SIPC, Wells Fargo Prime Services, LLC, a member of FINRA, NFA and SIPC, and Wells Fargo Bank, N.A. Wells Fargo Securities, LLC and Wells Fargo Prime Services, LLC are distinct entities from affiliated banks and thrifts.
“BofA Securities” is the marketing name for the global banking and global markets businesses of Bank of America Corporation. Lending, derivatives, and other commercial banking activities are performed globally by banking affiliates of Bank of America Corporation, including Bank of America, N.A., member FDIC. Securities, strategic advisory, and other investment banking activities are performed globally by investment banking affiliates of Bank of America Corporation, including, in the United States, BofA Securities, Inc., which is a registered broker-dealer and member of FINRA and SIPC, and, in other jurisdictions, locally registered entities.
J.P. Morgan is the marketing name for the investment banking businesses of JPMorgan Chase & Co. and its subsidiaries worldwide. Securities, syndicated loan arranging, financial advisory and other investment banking activities are performed by JPMS and its securities affiliates, and lending, derivatives and other commercial banking activities are performed by JPMorgan Chase Bank, National Association and its banking affiliates. JPMS is a member of SIPC and the NYSE.
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.
| ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | % of Initial Pool Balance | % of Loan Balance | Mortgage Loan Originator | Mortgage Loan Seller | Related Group | Crossed Group | Address | City | County | State | Zip Code | General Property Type | Detailed Property Type | Year Built | Year Renovated | Number of Units | Unit of Measure | Loan Per Unit ($) | Original Balance ($) | Cut-off Date Balance ($) | Maturity/ARD Balance ($) | Interest Rate % | Administrative Fee Rate % | Net Mortgage Rate % | Monthly Debt Service (P&I) ($) | Monthly Debt Service (IO) ($) | Annual Debt Service (P&I) ($) | Annual Debt Service (IO) ($) | Amortization Type | ARD Loan (Yes / No) | Interest Accrual Method | Original Interest-Only Period (Mos.) | Remaining Interest-Only Period (Mos.) | Original Term To Maturity / ARD (Mos.) | Remaining Term To Maturity / ARD (Mos.) | Original Amortization Term (Mos.) | Remaining Amortization Term (Mos.) | Origination Date | Seasoning (Mos.) | Payment Due Date | First Payment Date | First P&I Payment Date | Maturity Date or Anticipated Repayment Date | Final Maturity Date | Grace Period - Late Fee (Days) | Grace Period - Default (Days) | Prepayment Provision | Most Recent EGI ($) | Most Recent Expenses ($) | Most Recent NOI ($) | Most Recent NOI Date | Most Recent Description | Second Most Recent EGI ($) | Second Most Recent Expenses ($) | Second Most Recent NOI ($) | Second Most Recent NOI Date | Second Most Recent Description | Third Most Recent EGI ($) | Third Most Recent Expenses ($) | Third Most Recent NOI ($) | Third Most Recent NOI Date | Third Most Recent Description | Underwritten Economic Occupancy (%) | Underwritten EGI ($) | Underwritten Expenses ($) | Underwritten Net Operating Income ($) | Underwritten Replacement / FF&E Reserve ($) | Underwritten TI / LC ($) | Underwritten Net Cash Flow ($) | Underwritten NOI DSCR (x) | Underwritten NCF DSCR (x) | Underwritten NOI Debt Yield (%) | Underwritten NCF Debt Yield (%) | Appraised Value ($) | Appraised Value Type | Appraisal Date | Cut-off Date LTV Ratio (%) | LTV Ratio at Maturity / ARD (%) | Leased Occupancy (%) | Occupancy Date | Single Tenant (Y/N) | Largest Tenant | Largest Tenant SF | Largest Tenant % of NRA | Largest Tenant Lease Expiration Date | Second Largest Tenant | Second Largest Tenant SF | Second Largest Tenant % of NRA | Second Largest Tenant Lease Expiration Date | Third Largest Tenant | Third Largest Tenant SF | Third Largest Tenant % of NRA | Third Largest Tenant Lease Expiration Date | Fourth Largest Tenant | Fourth Largest Tenant SF | Fourth Largest Tenant % of NRA | Fourth Largest Tenant Lease Expiration Date | Fifth Largest Tenant | Fifth Largest Tenant SF | Fifth Largest Tenant % of NRA | Fifth Largest Tenant Lease Expiration Date | Environmental Phase I Report Date | Environmental Phase II Report Date | Engineering Report Date | Seismic Report Date | PML or SEL (%) | Flood Zone | Ownership Interest | Ground Lease Expiration Date | Ground Lease Extension Terms | Annual Ground Lease Payment as of the Cut-off Date ($) | Annual Ground Rent Increases (Y/N) | Upfront RE Tax Reserve ($) | Monthly RE Tax Reserve ($) | Upfront Insurance Reserve ($) | Monthly Insurance Reserve ($) | Upfront Replacement / PIP Reserve ($) | Monthly Replacement / FF&E Reserve ($) | Replacement Reserve Caps ($) | Upfront TI/LC Reserve ($) | Monthly TI/LC Reserve ($) | TI/LC Caps ($) | Upfront Debt Service Reserve ($) | Monthly Debt Service Reserve ($) | Debt Service Reserve Cap ($) | Upfront Deferred Maintenance Reserve ($) | Upfront Other Reserve ($) | Monthly Other Reserve ($) | Other Reserve Description | Other Reserve Cap ($) | Holdback/ Earnout Amount ($) | Holdback/ Earnout Description | Lockbox Type | Cash Management | Excess Cash Trap Triggered by DSCR and/or Debt Yield Test (Y/N) | Tenant Specific Excess Cash Trap Trigger (Y/N) | Pari Passu (Y/N) | Pari Passu in Trust Controlling (Y/N) | Trust Pari Passu Cut-off Date Balance ($) | Non-Trust Pari Passu Companion Loan Cut-off Date Balance ($) | Non-Trust Pari Passu Companion Loan Monthly Debt Service ($) | Total Trust and Non-Trust Pari Passu Companion Loan Monthly Debt Service ($) | Subordinate Companion Loan Cut-off Date Balance ($) | Subordinate Companion Loan Interest Rate | Whole Loan Cut-off Date Balance ($) | Whole Loan Monthly Debt Service ($) | Whole Loan Cut-off Date LTV Ratio (%) | Whole Loan Underwritten NCF DSCR (x) | Whole Loan Underwritten NOI Debt Yield (%) | Mezzanine Debt Cut-off Date Balance($) | Mezzanine Debt Interest Rate (%) | Total Debt Cut-off Date Balance ($) | Total Debt Monthly Debt Service ($) | Total Debt Cut-off Date LTV Ratio (%) | Total Debt Underwritten NCF DSCR (x) | Total Debt Underwritten NOI Debt Yield (%) | Future Additional Debt Permitted (Y/N) | Future Debt Permitted Type | Sponsor | Non-Recourse Carveout Guarantor | Delaware Statutory Trust (Y/N) | Tenants-in-common (Y/N) | Loan Purpose | Property Located Within a Qualified Opportunity Zone (Y/N) | Sources: Loan Amount ($) | Sources: Principal's New Cash Contribution ($) | Sources: Subordinate Debt ($) | Sources: Other Sources ($) | Sources: Total Sources ($) | Uses: Loan Payoff ($) | Uses: Purchase Price ($) | Uses: Closing Costs ($) | Uses: Reserves ($) | Uses: Principal Equity Distribution ($) | Uses: Other Uses ($) | Uses: Total Uses ($) | Franchise Agreement Expiration | Underwritten ADR ($) | Underwritten RevPAR ($) | Underwritten Hotel Occupancy (%) | Most Recent ADR ($) | Most Recent RevPAR ($) | Most Recent Hotel Occupancy (%) | Second Most Recent ADR ($) | Second Most Recent RevPAR ($) | Second Most Recent Hotel Occupancy (%) | Third Most Recent ADR ($) | Third Most Recent RevPAR ($) | Third Most Recent Hotel Occupancy (%) | Coop - Committed Secondary Debt | Coop - Rental Value | Coop - LTV as Rental | Coop - Unsold Percent | Coop - Sponsor Units | Coop - Investor Units | Coop - Coop Units | Coop - Sponsor/ Investor Carry |
| 1.00 | Loan | 1 | CX - 250 Water Street | 10.0% | 100.0% | BANA/WFB | BANA/WFB | NAP | NAP | 250 Water Street | Cambridge | Middlesex | MA | 02141 | Mixed Use | Lab/Office | 2022 | NAP | 479,004 | SF | 1,109.59 | 72,000,000 | 72,000,000 | 72,000,000 | 5.50950% | TBD | 5.50950% | NAP | 335,161.25 | NAP | 4,021,935.00 | Interest Only - ARD | Yes | Actual/360 | 120 | 114 | 120 | 114 | 0 | 0 | 1/27/2023 | 6 | 10 | 3/10/2023 | NAP | 2/10/2033 | 2/10/2038 | 0 | 0 | L(24),YM1(6),DorYM1(83),O(7) | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 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% | 1,090,000,000 | Prospective Market Value Upon Completion & Stabilization | 1/1/2023 | 48.8% | 48.8% | 98.7% | 8/1/2023 | Yes | E.R. Squibb & Sons LLC | 472,580 | 98.7% | 10/31/2037 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 5/24/2022 | NAP | 6/17/2022 | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP | 0 | Springing | 0 | Springing | 0 | 0 | 0 | 0 | Springing | 0 | 0 | 0 | 0 | 0 | 17,593,844 | 0 | Base Building Work Reserve ($5,932,952); Outstanding TI/LC Reserve ($7,160,274.31); Outstanding Linkage Fees Reserve ($4,500,617.42) | 0 | 0 | NAP | Hard | Springing | Yes | Yes | Yes | No | 72,000,000 | 459,500,000 | 2,138,980.48 | 2,474,141.73 | NAP | NAP | 531,500,000 | 2,474,141.73 | 48.8% | 1.66 | 9.3% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | No | NAP | DivcoWest Real Estate Services, LLC, California State Teachers' Retirement System and Teacher Retirement System of Texas | DW Propco EF, LLC | No | No | Refinance | 531,500,000 | 7,497,903 | 0 | 0 | 538,997,903 | 473,876,626 | 0 | 3,334,755 | 17,593,844 | 0 | 44,192,678 | 538,997,903 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||||||||||
| 2.00 | Loan | 1 | Fashion Valley Mall | 9.7% | 100.0% | BANA/JPMCB | BANA/JPMCB | NAP | NAP | 7007 Friars Road | San Diego | San Diego | CA | 92108 | Retail | Super Regional Mall | 1969 | 2023 | 1,377,155 | SF | 326.76 | 70,000,000 | 70,000,000 | 70,000,000 | 5.73000% | TBD | 5.73000% | NAP | 338,892.36 | NAP | 4,066,708.32 | Interest Only | No | Actual/360 | 120 | 118 | 120 | 118 | 0 | 0 | 5/25/2023 | 2 | 1 | 7/1/2023 | NAP | 6/1/2033 | NAP | 0 | 0 | L(26),D(88),O(6) | 100,144,513 | 19,298,501 | 80,846,012 | 12/31/2022 | T-12 | 97,018,960 | 17,953,015 | 79,065,945 | 12/31/2021 | T-12 | 89,629,550 | 16,856,897 | 72,772,653 | 12/31/2020 | T-12 | 89.9% | 103,974,716 | 19,972,427 | 84,002,289 | 195,237 | 1,504,094 | 82,302,958 | 3.21 | 3.15 | 18.7% | 18.3% | 1,430,000,000 | Hypothetical As Is | 4/5/2023 | 31.5% | 31.5% | 94.0% | 5/15/2023 | No | Nordstrom | 220,486 | 16.0% | 12/31/2080 | Bloomingdale's | 201,502 | 14.6% | 1/31/2035 | Macy's | 196,120 | 14.2% | 1/31/2026 | Forever 21 | 53,787 | 3.9% | 1/31/2026 | AMC Theatres | 51,610 | 3.7% | 12/31/2024 | 4/10/2023 | NAP | 4/11/2023 | 4/10/2023 | 12% | Yes - A, AE | Fee | NAP | NAP | NAP | NAP | 0 | Springing | 0 | Springing | 0 | Springing | 0 | 0 | Springing | 0 | 0 | 0 | 0 | 0 | 28,803,694 | 0 | Outstanding TI/LC Reserve (Upfront: $24,345,615), Gap Rent Reserve (Upfront: $4,458,079) | 0 | 0 | NAP | Hard | Springing | Yes | No | Yes | No | 70,000,000 | 380,000,000 | 1,839,701.39 | 2,178,593.75 | NAP | NAP | 450,000,000 | 2,178,594 | 31.5% | 3.15 | 18.7% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | No | NAP | Simon Property Group, L.P. | Simon Property Group, L.P. and PPF Retail, LLC | No | No | Refinance | 450,000,000 | 0 | 0 | 0 | 450,000,000 | 417,362,939 | 0 | 1,262,178 | 28,803,694 | 2,571,188 | 0 | 450,000,000 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||||||||||
| 3.00 | Loan | 1 | Soho Beach House Miami | 8.3% | 100.0% | JPMCB/CREFI | JPMCB | NAP | NAP | 4385 Collins Avenue | Miami Beach | Miami-Dade | FL | 33140 | Hospitality | Full Service | 1940 | 2010 | 50 | Rooms | 2,800,000.00 | 60,100,000 | 60,100,000 | 60,100,000 | 6.99000% | TBD | 6.99000% | NAP | 354,944.76 | NAP | 4,259,337.12 | Interest Only | No | Actual/360 | 120 | 118 | 120 | 118 | 0 | 0 | 5/11/2023 | 2 | 1 | 7/1/2023 | NAP | 6/1/2033 | NAP | 0 | 0 | L(24),YM1(2),DorYM1(87),O(7) | 65,813,641 | 38,839,826 | 26,973,815 | 3/31/2023 | T-12 | 63,226,557 | 37,402,410 | 25,824,147 | 12/31/2022 | T-12 | 48,809,766 | 28,678,938 | 20,130,829 | 12/31/2021 | T-12 | 77.4% | 65,813,641 | 40,907,280 | 24,906,361 | 1,727,405 | 0 | 23,178,956 | 2.51 | 2.34 | 17.8% | 16.6% | 276,000,000 | As Is | 3/23/2023 | 50.7% | 50.7% | 77.4% | 3/31/2023 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 3/24/2023 | NAP | 3/23/2023 | NAP | NAP | Yes - AE | Fee | NAP | NAP | NAP | NAP | 336,184 | 48,026 | 0 | Springing | 164,894 | 1/12 of 4% of the total revenue generated (excluding membership sales) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 40,859,366 | Springing | Named Storm Coverage Reserve ($40,439,366); Seasonality Reserve ($420,000) | 0 | 0 | NAP | Hard | Springing | Yes | No | Yes | No | 60,100,000 | 79,900,000 | 471,881.63 | 826,826.39 | NAP | NAP | 140,000,000 | 826,826 | 50.7% | 2.34 | 17.8% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | No | NAP | Soho House & Co Inc. | US AcquireCo, Inc. | No | No | Refinance | 140,000,000 | 22,868,433 | 0 | 0 | 162,868,433 | 118,685,973 | 0 | 2,822,016 | 41,360,444 | 0 | 0 | 162,868,433 | NAP | $896.30 | $693.40 | 77.4% | $896.30 | $693.40 | 77.4% | $868.31 | $682.39 | 78.6% | $731.82 | $593.50 | 81.1% | ||||||||||
| 5.00 | Loan | 1 | Seagate Campus | 6.0% | 100.0% | WFB | WFB | NAP | NAP | 47488 Kato Road | Fremont | Alameda | CA | 94538 | Industrial | R&D/Manufacturing | 2010 | 2016 | 574,775 | SF | 299.25 | 43,000,000 | 43,000,000 | 43,000,000 | 7.04000% | TBD | 7.04000% | NAP | 255,770.37 | NAP | 3,069,244.44 | Interest Only | No | Actual/360 | 120 | 118 | 120 | 118 | 0 | 0 | 5/24/2023 | 2 | 6 | 7/6/2023 | NAP | 6/6/2033 | NAP | 0 | 0 | L(26),D(87),O(7) | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | 95.0% | 28,021,697 | 4,631,757 | 23,389,940 | 57,478 | 864,386 | 22,468,077 | 1.91 | 1.83 | 13.6% | 13.1% | 260,000,000 | As Is | 4/13/2023 | 66.2% | 66.2% | 100.0% | 8/1/2023 | Yes | Seagate | 574,775 | 100.0% | 5/31/2028 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 3/9/2023 | NAP | 3/3/2023 | 5/3/2023 | 12% | No | Fee | NAP | NAP | NAP | NAP | 0 | Springing | 0 | Springing | 0 | Springing | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | Springing | Free Rent Reserve | 0 | 0 | NAP | Hard | Springing | Yes | Yes | Yes | No | 43,000,000 | 129,000,000 | 767,311.11 | 1,023,081.48 | NAP | NAP | 172,000,000 | 1,023,081 | 66.2% | 1.83 | 13.6% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | No | NAP | Kato Road Cypress Holdings, LLC | Kato Road Cypress Holdings, LLC | No | No | Acquisition | 172,000,000 | 90,443,933 | 0 | 519,152 | 262,963,085 | 0 | 260,000,000 | 2,963,085 | 0 | 0 | 0 | 262,963,085 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||||||||||
| 6.00 | Loan | 1 | 1201 Third Avenue | 5.8% | 100.0% | MSBNA | MSMCH | NAP | NAP | 1201 Third Avenue | Seattle | King | WA | 98101 | Office | CBD | 1988 | NAP | 1,129,710 | SF | 150.48 | 42,000,000 | 42,000,000 | 42,000,000 | 5.58500% | TBD | 5.58500% | NAP | 198,189.93 | NAP | 2,378,279.16 | Interest Only | No | Actual/360 | 60 | 55 | 60 | 55 | 0 | 0 | 2/10/2023 | 5 | 9 | 4/9/2023 | NAP | 3/9/2028 | NAP | 0 | 0 | L(24),YM1(5),DorYM1(24),O(7) | 51,796,212 | 20,401,758 | 31,394,453 | 12/31/2022 | T-12 | 52,866,426 | 19,817,047 | 33,049,379 | 12/31/2021 | T-12 | 55,173,622 | 18,678,980 | 36,494,642 | 12/31/2020 | T-12 | 100.0% | 51,349,507 | 21,283,998 | 30,065,509 | 225,942 | 3,282,704 | 26,556,863 | 3.12 | 2.76 | 17.7% | 15.6% | 556,500,000 | As Is | 12/1/2022 | 30.5% | 30.5% | 81.1% | 1/1/2023 | No | Perkins Coie | 296,843 | 26.3% | 12/31/2026 | WeWork | 114,679 | 10.2% | 6/30/2034 | Kimley-Horn | 46,058 | 4.1% | 12/31/2034 | Accolade, Inc. | 45,083 | 4.0% | 3/31/2030 | Hargis Engineering | 44,609 | 3.9% | 12/31/2024 | 12/8/2022 | NAP | 12/8/2022 | 12/8/2022 | 14% | No | Fee | NAP | NAP | NAP | NAP | 0 | Springing | 0 | Springing | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 21,322,779 | 0 | Upfront Rollover Deposit ($17,567,429.00); Free Rent ($3,755,350.00) | 0 | 0 | NAP | Hard | Springing | Yes | Yes | Yes | Yes | 42,000,000 | 128,000,000 | 604,007.41 | 802,197.34 | NAP | NAP | 170,000,000 | 802,197.34 | 30.5% | 2.76 | 17.7% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | No | NAP | MetLife, Inc. and New York Common Retirement Fund | NAP | No | No | Refinance | 170,000,000 | 89,973,080 | 0 | 0 | 259,973,080 | 236,517,648 | 0 | 2,132,653 | 21,322,779 | 0 | 0 | 259,973,080 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||||||||||
| 7.00 | Loan | 1 | One & Two Commerce Square | 5.4% | 100.0% | BANA/JPMCB | BANA/JPMCB | NAP | NAP | 2001 and 2005 Market Street | Philadelphia | Philadelphia | PA | 19103 | Office | CBD | 1987; 1992 | 2013 | 1,896,143 | SF | 116.03 | 39,166,667 | 39,166,667 | 39,166,667 | 7.78750% | TBD | 7.78750% | NAP | 257,705.56 | NAP | 3,092,466.72 | Interest Only | No | Actual/360 | 60 | 58 | 60 | 58 | 0 | 0 | 6/1/2023 | 2 | 6 | 7/6/2023 | NAP | 6/6/2028 | NAP | 0 | 0 | L(24),YM1(29),O(7) | 48,803,159 | 23,821,189 | 24,981,970 | 4/30/2023 | T-12 | 50,751,623 | 26,352,623 | 24,399,000 | 12/31/2022 | T-12 | 48,746,255 | 26,530,878 | 22,215,377 | 12/31/2021 | T-12 | 80.5% | 57,815,225 | 25,392,147 | 32,423,078 | 474,036 | 2,844,215 | 29,104,827 | 1.87 | 1.68 | 14.7% | 13.2% | 428,000,000 | As Is | 3/30/2023 | 51.4% | 51.4% | 80.6% | 5/17/2023 | No | Price Water House Coopers LLP | 138,413 | 7.3% | 4/30/2030 | Fox Rothschild | 79,337 | 4.2% | 11/30/2040 | Stradley, Ronon, Stevens & Youn | 69,111 | 3.6% | 12/31/2033 | Pond Lehocky Giordano Disability | 66,315 | 3.5% | 6/30/2028 | Wolters Kluwer Health, Inc. | 65,389 | 3.4% | 3/31/2029 | 4/6/2023 | NAP | 4/6/2023 | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP | 0 | Springing | 0 | Springing | 0 | Springing | 0 | 25,000,000 | Springing | 25,000,000 | 0 | 0 | 0 | 0 | 11,112,904 | 0 | Upfront Leasing Reserve | 0 | 0 | NAP | Hard | Springing | Yes | No | Yes | Yes | 39,166,667 | 180,833,333 | 1,189,832.06 | 1,447,537.62 | NAP | NAP | 220,000,000 | 1,447,537.62 | 51.4% | 1.68 | 14.7% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | No | NAP | Brandywine Operating Partnership, L.P. | Brandywine Operating Partnership, L.P. | No | No | Refinance | 220,000,000 | 24,825,039 | 0 | 0 | 244,825,039 | 204,600,430 | 0 | 4,111,705 | 36,112,904 | 0 | 0 | 244,825,039 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||||||||||
| 8.00 | Loan | 1 | Brandon Mall | 5.0% | 100.0% | WFB | WFB | NAP | NAP | 175, 459, 303-675, 686 & 901 Brandon Town Center Drive | Brandon | Hillsborough | FL | 33511 | Retail | Super Regional Mall | 1995 | 2022 | 659,882 | SF | 183.37 | 36,000,000 | 36,000,000 | 36,000,000 | 7.62000% | TBD | 7.62000% | NAP | 231,775.00 | NAP | 2,781,300.00 | Interest Only | No | Actual/360 | 60 | 58 | 60 | 58 | 0 | 0 | 5/24/2023 | 2 | 11 | 7/11/2023 | NAP | 6/11/2028 | NAP | 0 | 0 | L(26),D(27),O(7) | 35,918,311 | 11,974,859 | 23,943,452 | 3/31/2023 | T-12 | 35,352,664 | 11,742,048 | 23,610,616 | 12/31/2022 | T-12 | 32,345,937 | 10,377,649 | 21,968,288 | 12/31/2021 | T-12 | 81.2% | 35,463,843 | 12,244,308 | 23,219,535 | 131,976 | 1,319,764 | 21,767,794 | 2.48 | 2.33 | 19.2% | 18.0% | 221,220,000 | As Is | 3/16/2023 | 54.7% | 54.7% | 70.4% | 4/6/2023 | No | Dick's Sporting Goods | 45,000 | 6.8% | 1/31/2028 | Books-A-Million | 17,383 | 2.6% | 1/31/2028 | Forever 21 | 11,179 | 1.7% | MTM | Victoria's Secret | 11,129 | 1.7% | 1/31/2028 | The Cheesecake Factory | 10,203 | 1.5% | 1/31/2028 | 3/14/2023 | NAP | 4/12/2023 | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP | 2,223,137 | 317,591 | 0 | Springing | 4,000,000 | 10,998 | 0 | 4,000,000 | 109,980 | 0 | 0 | 0 | 0 | 0 | 1,173,739 | 0 | Gap Rent Reserve Funds ($136,312); Rent Concession Reserve Funds ($89,507); Exisiting TI/LC Reserve Funds ($947,920) | 0 | 0 | NAP | Hard | Springing | Yes | Yes | Yes | No | 36,000,000 | 85,000,000 | 547,246.53 | 779,021.53 | NAP | NAP | 121,000,000 | 779,021.53 | 54.7% | 2.33 | 19.2% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | No | NAP | NADG (US) LLLP and North American Property Group | NADG (US) LLLP and North American Property Group | No | No | Acquisition | 121,000,000 | 113,322,437 | 0 | 0 | 234,322,437 | 0 | 220,000,000 | 2,925,561 | 11,396,876 | 0 | 0 | 234,322,437 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||||||||||
| 9.00 | Loan | 1 | Cumberland Mall | 4.6% | 100.0% | MSBNA | MSMCH | NAP | NAP | 2860 Cumberland Mall Southeast | Atlanta | Cobb | GA | 30339 | Retail | Super Regional Mall | 1973 | 2006-2016 | 709,318 | SF | 253.76 | 33,000,000 | 33,000,000 | 33,000,000 | 7.87000% | TBD | 7.87000% | NAP | 219,430.90 | NAP | 2,633,170.80 | Interest Only | No | Actual/360 | 60 | 57 | 60 | 57 | 0 | 0 | 4/14/2023 | 3 | 1 | 6/1/2023 | NAP | 5/1/2028 | NAP | 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 | 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 | 1.66 | 13.8% | 13.3% | 368,000,000 | As Is | 2/28/2023 | 48.9% | 48.9% | 98.7% | 3/31/2023 | No | Costco | 147,409 | 20.8% | 11/30/2026 | Round 1 Bowling & Amusement | 83,600 | 11.8% | 2/28/2031 | Dick's Sporting Goods | 70,984 | 10.0% | 1/31/2031 | Forever 21 | 25,748 | 3.6% | 1/31/2027 | H&M | 24,655 | 3.5% | 1/31/2032 | 3/1/2023 | NAP | 3/1/2023 | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP | 0 | Springing | 0 | Springing | 0 | Springing | 0 | 1,987,019 | Springing | 1,415,412 | 0 | 0 | 0 | 0 | 267,919 | Springing | Gap Rent Reserve ($267,919), Anchor Tenant Reserve (Springing) | 0 | 0 | NAP | Hard | Springing | Yes | No | Yes | No | 33,000,000 | 147,000,000 | 977,464.93 | 1,196,895.83 | NAP | NAP | 180,000,000 | 1,196,895.83 | 48.9% | 1.66 | 13.8% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | No | NAP | BPR Nimbus LLC | BPR Nimbus LLC | No | No | Refinance | 180,000,000 | 0 | 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 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||||||||||
| 10.00 | Loan | 1 | 1825 K Street NW | 4.4% | 100.0% | JPMCB | JPMCB | NAP | NAP | 1825 K Street Northwest | Washington | District of Columbia | DC | 20006 | Office | CBD | 1966 | 2019 | 260,419 | SF | 161.28 | 32,000,000 | 32,000,000 | 32,000,000 | 7.54700% | TBD | 7.54700% | NAP | 204,048.52 | NAP | 2,448,582.24 | Interest Only | No | Actual/360 | 60 | 59 | 60 | 59 | 0 | 0 | 6/26/2023 | 1 | 5 | 8/5/2023 | NAP | 7/5/2028 | NAP | 0 | 0 | L(25),D(31),O(4) | 12,134,530 | 4,096,510 | 8,038,020 | 2/28/2023 | T-12 | 12,167,157 | 3,970,309 | 8,196,848 | 12/31/2022 | T-12 | 11,429,022 | 4,076,932 | 7,352,090 | 12/31/2021 | T-12 | 76.1% | 9,767,529 | 4,124,341 | 5,643,188 | 52,084 | 0 | 5,591,105 | 1.76 | 1.74 | 13.4% | 13.3% | 79,200,000 | As Is | 3/30/2023 | 53.0% | 53.0% | 73.3% | 6/1/2023 | No | Union of Concerned Scientists | 27,007 | 10.4% | 4/30/2026 | TD International, LLC | 13,731 | 5.3% | 12/31/2029 | Local Initiatives Support Corp | 11,742 | 4.5% | 2/29/2032 | The Morris & Gwendolyn Cafritz Foundation | 11,329 | 4.4% | 6/30/2037 | BBGM/Architects & Interiors | 10,555 | 4.1% | 1/31/2030 | 4/12/2023 | NAP | 4/12/2023 | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP | 672,650 | 143,193 | 0 | Springing | 4,341 | 4,341 | 0 | 3,000,000 | 37,978 | 0 | 0 | 0 | 0 | 0 | 810,650 | 0 | Free Rent Reserve ($619,462); Outstanding TI Reserve ($191,188) | 0 | 0 | NAP | Hard | Springing | Yes | No | Yes | Yes | 32,000,000 | 10,000,000 | 63,765.16 | 267,813.68 | NAP | NAP | 42,000,000 | 267,813.68 | 53.0% | 1.74 | 13.4% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | No | NAP | The Morris and Gwendolyn Cafritz Foundation | The Morris and Gwendolyn Cafritz Foundation | No | No | Refinance | 42,000,000 | 18,354,493 | 0 | 0 | 60,354,493 | 52,780,814 | 0 | 3,086,038 | 4,487,641 | 0 | 0 | 60,354,493 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||||||||||
| 11.00 | Loan | 1 | Prada Waikiki | 3.7% | 100.0% | WFB | WFB | NAP | NAP | 2174 & 2176 Kalakaua Avenue | Honolulu | Honolulu | HI | 96815 | Retail | Single Tenant | 1995 | 2023 | 5,840 | SF | 4,620.15 | 27,000,000 | 26,981,699 | 23,427,428 | 6.72800% | TBD | 6.72800% | 174,726.82 | NAP | 2,096,721.84 | NAP | Amortizing Balloon | No | Actual/360 | 0 | 0 | 120 | 119 | 360 | 359 | 6/30/2023 | 1 | 1 | 8/1/2023 | 8/1/2023 | 7/1/2033 | NAP | 5 | 5 | L(25),D(91),O(4) | 3,043,200 | 208,769 | 2,834,431 | 12/31/2022 | T-12 | 2,167,200 | 207,051 | 1,960,149 | 12/31/2021 | T-12 | 2,041,487 | 172,542 | 1,868,945 | 12/31/2020 | T-12 | 95.0% | 3,121,592 | 242,686 | 2,878,906 | 2,394 | 0 | 2,876,512 | 1.37 | 1.37 | 10.7% | 10.7% | 60,500,000 | As Is | 5/22/2023 | 44.6% | 38.7% | 100.0% | 8/1/2023 | Yes | Prada USA Corp. | 5,840 | 100.0% | 12/31/2035 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 5/10/2023 | NAP | 5/9/2023 | NAP | NAP | Yes | Fee | NAP | NAP | NAP | NAP | 0 | Springing | 0 | 2,686 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | NAP | 0 | 0 | NAP | Springing | Springing | Yes | Yes | No | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | No | NAP | Yoko Kimura, Akiko Kimura, the Akiko Kimura Revocable Living Trust Dated 05/22/92, Yuko Kimura-Drye, and the Yuko Kimura-Drye Revocable Living Trust Dated 05/22/92 | Yoko Kimura, Akiko Kimura, the Akiko Kimura Revocable Living Trust Dated 05/22/92, Yuko Kimura-Drye, and the Yuko Kimura-Drye Revocable Living Trust Dated 05/22/92 | No | No | Refinance | 27,000,000 | 0 | 0 | 0 | 27,000,000 | 24,861,111 | 0 | 711,728 | 0 | 1,427,162 | 0 | 27,000,000 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||||||||||
| 12.00 | Loan | 1 | 22330 Glenn Drive | 3.7% | 100.0% | JPMCB | JPMCB | Group 1 | NAP | 22330 Glenn Drive | Sterling | Loudoun | VA | 20164 | Office | Suburban | 2016 | NAP | 167,440 | SF | 157.31 | 26,340,000 | 26,340,000 | 26,340,000 | 8.13900% | TBD | 8.13900% | NAP | 181,132.31 | NAP | 2,173,587.72 | Interest Only | No | Actual/360 | 60 | 59 | 60 | 59 | 0 | 0 | 6/23/2023 | 1 | 1 | 8/1/2023 | NAP | 7/1/2028 | NAP | 0 | 0 | L(24),YM1(29),O(7) | 5,690,256 | 1,903,581 | 3,786,674 | 12/31/2022 | T-12 | 5,564,097 | 1,791,382 | 3,772,716 | 12/31/2021 | T-12 | 5,548,547 | 1,665,913 | 3,882,634 | 12/31/2020 | T-12 | 100.0% | 5,726,916 | 1,740,634 | 3,986,281 | 0 | 33,488 | 3,952,793 | 1.83 | 1.82 | 15.1% | 15.0% | 45,000,000 | As Is | 5/4/2023 | 58.5% | 58.5% | 100.0% | 8/1/2023 | Yes | GSA - U.S. Customs | 167,440 | 100.0% | 8/16/2031 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 5/11/2023 | NAP | 5/16/2023 | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP | 0 | Springing | 0 | Springing | 0 | Springing | 0 | 0 | Springing | 0 | 0 | 0 | 0 | 0 | 0 | 0 | NAP | 0 | 0 | NAP | Hard | Springing | Yes | Yes | No | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | No | NAP | Office Properties Income Trust | Office Properties Income Trust | No | No | Recapitalization | 26,340,000 | 0 | 0 | 0 | 26,340,000 | 0 | 0 | 298,900 | 0 | 0 | 26,041,100 | 26,340,000 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||||||||||
| 13.00 | Loan | 1 | Mariposa Shopping Center | 3.5% | 100.0% | MSBNA | MSMCH | NAP | NAP | 204-340 West Mariposa Road | Nogales | Santa Cruz | AZ | 85621 | Retail | Anchored | 1991-1994 | NAP | 255,574 | SF | 97.82 | 25,000,000 | 25,000,000 | 25,000,000 | 6.71000% | TBD | 6.71000% | NAP | 141,733.22 | NAP | 1,700,798.64 | Interest Only | No | Actual/360 | 120 | 119 | 120 | 119 | 0 | 0 | 6/15/2023 | 1 | 1 | 8/1/2023 | NAP | 7/1/2033 | NAP | 0 | 5 | L(25),D(91),O(4) | 2,655,925 | 725,378 | 1,930,547 | 3/31/2023 | T-3 Annualized | 2,707,990 | 851,837 | 1,856,153 | 12/31/2022 | T-12 | 2,570,626 | 845,965 | 1,724,661 | 12/31/2021 | T-12 | 89.6% | 3,492,501 | 879,858 | 2,612,642 | 38,336 | 166,898 | 2,407,408 | 1.54 | 1.42 | 10.5% | 9.6% | 38,500,000 | As Is | 5/15/2023 | 64.9% | 64.9% | 92.4% | 5/22/2023 | No | Hobby Lobby Stores | 50,213 | 19.6% | 8/1/2028 | JC Penney Co. | 49,520 | 19.4% | 10/31/2028 | Ross Dress For Less | 31,544 | 12.3% | 1/31/2029 | Marshalls | 21,000 | 8.2% | 11/30/2028 | Old Navy | 20,058 | 7.8% | 1/31/2033 | 5/22/2023 | NAP | 5/22/2023 | NAP | NAP | Yes - AE | Fee | NAP | NAP | NAP | NAP | 91,008 | 18,202 | 0 | Springing | 0 | 3,195 | 76,672 | 337,358 | 14,057 | 337,358 | 0 | 0 | 0 | 125,313 | 342,125 | 0 | Five Below Gap Rent ($58,680); Five Below Outstanding TI ($90,000); Five Below Free Rent ($33,750); Old Navy Abated Rent ($159,695) | 0 | 0 | NAP | Soft | Springing | Yes | Yes | No | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | No | NAP | Mark Vakili | Mark Vakili and The Vakili Family Trust Dated August 2, 1999 | No | Yes | Refinance | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||||||||||||||||||||||
| 14.00 | Loan | 1 | Hampton Inn Kearny Mesa | 3.4% | 100.0% | BANA | BANA | NAP | NAP | 5434 Kearny Mesa Road | San Diego | San Diego | CA | 92111 | Hospitality | Limited Service | 1989 | 2016 | 146 | Rooms | 168,732.88 | 24,635,000 | 24,635,000 | 22,874,059 | 8.29500% | TBD | 8.29500% | 185,854.44 | 172,654.57 | 2,230,253.28 | 2,071,854.84 | Interest Only, Amortizing Balloon | No | Actual/360 | 24 | 24 | 120 | 120 | 360 | 360 | 7/18/2023 | 0 | 1 | 9/1/2023 | 9/1/2025 | 8/1/2033 | NAP | 5 | 4 | L(24),D(89),O(7) | 7,189,923 | 3,726,419 | 3,463,504 | 4/30/2023 | T-12 | 6,908,537 | 3,448,349 | 3,460,188 | 12/31/2022 | T-12 | 4,313,592 | 2,608,854 | 1,704,738 | 12/31/2021 | T-12 | 72.8% | 7,189,923 | 3,614,546 | 3,575,377 | 391,341 | 0 | 3,184,036 | 1.60 | 1.43 | 14.5% | 12.9% | 37,900,000 | Prospective Market Value Upon Completion | 1/27/2025 | 65.0% | 60.4% | 72.7% | 4/30/2023 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 2/3/2023 | NAP | 2/3/2023 | 1/24/2023 | 7% | No | Fee/Leasehold | 4/22/2028 | 2, 10-year | 10/27/2125 | Yes | 79,734 | 15,947 | 25,556 | 6,992 | 0 | 4% of previous month's total gross revenue | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 10,380 | 2,973,613 | Springing | PIP Reserve ($2,951,765); Ground Rent Reserve ($21,848) | 0 | 0 | NAP | Hard | In Place | Yes | No | No | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | No | NAP | Jeffrey A. Carlstead | Jeffrey A. Carlstead | No | No | Refinance | 6/30/2034 | $177.79 | $129.40 | 72.8% | $178.09 | $129.40 | 72.7% | $174.41 | $124.46 | 71.4% | $143.29 | $78.48 | 54.8% | ||||||||||||||||||||||
| 15.00 | Loan | 1 | Jacksonville Marriott | 3.3% | 100.0% | WFB | WFB | NAP | NAP | 4670 Salisbury Road | Jacksonville | Duval | FL | 32256 | Hospitality | Full Service | 1986 | 2019/2020 | 255 | Rooms | 92,156.86 | 23,500,000 | 23,500,000 | 21,235,727 | 6.83700% | TBD | 6.83700% | 153,782.05 | 135,750.85 | 1,845,384.60 | 1,629,010.20 | Interest Only, Amortizing Balloon | No | Actual/360 | 24 | 22 | 120 | 118 | 360 | 360 | 6/1/2023 | 2 | 11 | 7/11/2023 | 7/11/2025 | 6/11/2033 | NAP | 0 | 0 | L(26),D(90),O(4) | 11,910,590 | 8,100,306 | 3,810,284 | 5/31/2023 | T-12 | 9,966,193 | 7,210,042 | 2,756,152 | 12/31/2022 | T-12 | 8,599,616 | 6,175,681 | 2,423,935 | 12/31/2021 | T-12 | 56.2% | 11,910,590 | 8,123,262 | 3,787,328 | 476,424 | 0 | 3,310,905 | 2.05 | 1.79 | 16.1% | 14.1% | 51,300,000 | As Is | 4/21/2023 | 45.8% | 41.4% | 56.2% | 5/31/2023 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 4/26/2023 | NAP | 4/25/2023 | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP | 181,720 | 25,960 | 0 | Springing | 0 | 37,805 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 167,000 | 0 | Seasonality Reserve | 0 | 0 | NAP | Hard | Springing | Yes | No | No | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | No | NAP | 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 | Refinance | 8/28/2045 | $162.87 | $91.60 | 56.2% | $162.87 | $91.60 | 56.2% | $158.30 | $75.03 | 47.4% | $132.83 | $67.00 | 50.4% | ||||||||||||||||||||||
| 16.00 | Loan | 1 | Promenade at Carolina Reserve | 3.0% | 100.0% | MSBNA | MSMCH | NAP | NAP | 7780-7822 Charlotte Highway | Indian Land | Lancaster | SC | 29707 | Retail | Anchored | 2018 | NAP | 221,054 | SF | 96.81 | 21,400,000 | 21,400,000 | 19,699,317 | 6.92000% | TBD | 6.92000% | 141,226.82 | 125,120.65 | 1,694,721.84 | 1,501,447.80 | Interest Only, Amortizing Balloon | No | Actual/360 | 36 | 35 | 120 | 119 | 360 | 360 | 6/8/2023 | 1 | 1 | 8/1/2023 | 8/1/2026 | 7/1/2033 | NAP | 5 | 5 | L(25),D(90),O(5) | 3,255,858 | 755,860 | 2,499,998 | 12/31/2022 | T-12 | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | 95.0% | 3,228,703 | 836,883 | 2,391,820 | 33,158 | 149,102 | 2,209,560 | 1.41 | 1.30 | 11.2% | 10.3% | 34,200,000 | As Is | 4/24/2023 | 62.6% | 57.6% | 100.0% | 5/1/2023 | No | Hobby Lobby | 55,000 | 24.9% | 8/31/2033 | Burlington | 40,000 | 18.1% | 2/28/2029 | Ross Dress for Less | 22,000 | 10.0% | 1/31/2029 | Homegoods | 21,000 | 9.5% | 4/30/2029 | TJ Maxx | 20,500 | 9.3% | 11/30/2028 | 5/8/2023 | NAP | 5/8/2023 | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP | 344,659 | 57,443 | 8,383 | 4,191 | 0 | 2,763 | 0 | 0 | 11,974 | 0 | 0 | 0 | 0 | 2,500 | 384,819 | 0 | Petco SNDA Reserve ($303,839.89); CAM Reconciliation Reserve ($80,978.91) | 0 | 0 | NAP | Hard | Springing | Yes | Yes | No | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | No | NAP | Manish Gandhi and Dilip Gandhi | Manish Gandhi and Dilip Gandhi | No | No | Acquisition | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||||||||||||||||||||||
| 17.00 | Loan | 1 | Hilton Garden Inn Pittsburgh Airport | 2.0% | 100.0% | JPMCB | JPMCB | NAP | NAP | 9600 University Boulevard | Moon Township | Allegheny | PA | 15108 | Hospitality | Select Service | 2017 | NAP | 139 | Rooms | 102,517.99 | 14,250,000 | 14,250,000 | 14,250,000 | 7.49000% | TBD | 7.49000% | NAP | 90,179.08 | NAP | 1,082,148.96 | Interest Only | No | Actual/360 | 120 | 119 | 120 | 119 | 0 | 0 | 6/29/2023 | 1 | 5 | 8/5/2023 | NAP | 7/5/2033 | NAP | 0 | 0 | L(25),D(92),O(3) | 6,219,353 | 3,939,127 | 2,280,226 | 5/31/2023 | T-12 | 5,668,254 | 3,647,852 | 2,020,401 | 12/31/2022 | T-12 | 4,000,932 | 2,742,122 | 1,258,809 | 12/31/2021 | T-12 | 75.5% | 6,219,353 | 3,941,176 | 2,278,177 | 248,774 | 0 | 2,029,403 | 2.11 | 1.88 | 16.0% | 14.2% | 24,400,000 | As Is | 5/25/2023 | 58.4% | 58.4% | 75.5% | 5/31/2023 | No | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 5/25/2023 | NAP | 5/25/2023 | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP | 182,738 | 19,009 | 4,880 | 4,880 | 20,549 | 20,549 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 100,000 | Springing | FRCM Reserve | 0 | 0 | NAP | Hard | Springing | Yes | No | No | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | No | NAP | Synergy Development Company | Allan Edwin Wampler and Mary Ellen Wampler | No | No | Refinance | 9/30/2036 | $144.23 | $108.94 | 75.5% | $144.23 | $108.94 | 75.5% | $143.06 | $99.55 | 69.6% | $117.49 | $71.08 | 60.5% | ||||||||||||||||||||||
| 18.00 | Loan | 1 | Lorton Station Medical Center - VA | 1.9% | 100.0% | WFB | WFB | NAP | NAP | 8986-8988 Lorton Station Boulevard | Lorton | Fairfax | VA | 22079 | Office | Medical | 2006 | NAP | 40,907 | SF | 330.02 | 13,500,000 | 13,500,000 | 13,500,000 | 7.59600% | TBD | 7.59600% | NAP | 86,641.88 | NAP | 1,039,702.56 | Interest Only | No | Actual/360 | 120 | 119 | 120 | 119 | 0 | 0 | 6/30/2023 | 1 | 11 | 8/11/2023 | NAP | 7/11/2033 | NAP | 0 | 0 | L(25),YM1(91),O(4) | 2,025,104 | 626,989 | 1,398,115 | 4/30/2023 | T-12 | 2,017,538 | 632,813 | 1,384,725 | 12/31/2022 | T-12 | 2,209,870 | 708,522 | 1,501,348 | 12/31/2021 | T-12 | 95.0% | 1,910,778 | 513,531 | 1,397,247 | 8,181 | 31,157 | 1,357,908 | 1.34 | 1.31 | 10.3% | 10.1% | 21,100,000 | As Is | 5/8/2023 | 64.0% | 64.0% | 100.0% | 6/12/2023 | No | INOVA Fairfax Family Practice | 7,310 | 17.9% | 5/31/2027 | Fresenius / Biomedical Application | 7,000 | 17.1% | 12/31/2025 | Washington Behavioral Health | 5,900 | 14.4% | 3/31/2033 | Sentara / Potomac Hospital Corp. of Prince William | 3,891 | 9.5% | 6/30/2025 | Washington Behavioral Group | 3,087 | 7.5% | 8/31/2032 | 5/17/2023 | NAP | 5/18/2023 | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP | 33,528 | 16,764 | 6,147 | 683 | 97,000 | 682 | 0 | 0 | 7,329 | 263,850 | 0 | 0 | 0 | 98,000 | 0 | 0 | NAP | 0 | 0 | NAP | Soft | Springing | Yes | No | No | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | No | NAP | Alberto Herrera MD, Katherine B. Herrera, and the Herrera Family Trust | Alberto Herrera MD, Katherine B. Herrera, and the Herrera Family Trust | No | No | Refinance | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||||||||||||||||||||||
| 19.00 | Loan | 1 | Union Square | 1.8% | 100.0% | WFB | WFB | NAP | NAP | 100-580 Union Square Drive | New Hope | Bucks | PA | 18938 | Mixed Use | Office/Retail | 1868 | 2004 | 114,333 | SF | 115.89 | 13,250,000 | 13,250,000 | 13,250,000 | 6.74800% | TBD | 6.74800% | NAP | 75,544.02 | NAP | 906,528.24 | Interest Only | No | Actual/360 | 120 | 118 | 120 | 118 | 0 | 0 | 5/30/2023 | 2 | 11 | 7/11/2023 | NAP | 6/11/2033 | NAP | 0 | 0 | L(26),D(90),O(4) | 2,811,529 | 1,183,323 | 1,628,206 | 3/31/2023 | T-12 | 2,719,195 | 1,102,016 | 1,617,180 | 12/31/2022 | T-12 | 2,430,857 | 1,076,236 | 1,354,621 | 12/31/2021 | T-12 | 79.3% | 2,552,000 | 1,122,505 | 1,429,495 | 41,442 | 87,080 | 1,300,974 | 1.58 | 1.44 | 10.8% | 9.8% | 20,650,000 | As Is | 5/2/2023 | 64.2% | 64.2% | 76.9% | 5/10/2023 | No | BioPharm | 13,700 | 12.0% | 6/30/2026 | Triumph Brewery | 12,132 | 10.6% | 6/30/2023 | MeetMe/Insider Guides | 10,046 | 8.8% | 3/31/2024 | Bucks County Childrens Mus. | 9,172 | 8.0% | 10/31/2025 | Poolside Tech | 8,564 | 7.5% | 3/31/2026 | 5/19/2022 | NAP | 5/19/2022 | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP | 117,400 | 23,480 | 0 | Springing | 100,000 | 1,906 | 100,000 | 100,000 | 5,000 | 100,000 | 0 | 0 | 0 | 0 | 0 | 0 | NAP | 0 | 0 | NAP | Springing | Springing | Yes | No | No | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | No | NAP | George F. Michael Jr. | George F. Michael, Jr. | No | No | Refinance | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||||||||||||||||||||||
| 20.00 | Loan | 1 | Barbours Cut Port IOS | 1.8% | 100.0% | WFB | WFB | NAP | NAP | 816 West Barbours Cut Boulevard | La Porte | Harris | TX | 77571 | Industrial | Other | 1980; 1988; 1998 | 2013; 2018 | 100 | Acres | 935,000.00 | 12,825,000 | 12,825,000 | 12,825,000 | 7.20000% | TBD | 7.20000% | NAP | 78,018.75 | NAP | 936,225.00 | Interest Only | No | Actual/360 | 120 | 118 | 120 | 118 | 0 | 0 | 5/9/2023 | 2 | 6 | 7/6/2023 | NAP | 6/6/2033 | NAP | 0 | 0 | L(26),D(90),O(4) | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | 95.0% | 11,818,628 | 1,258,086 | 10,560,543 | 0 | 0 | 10,560,543 | 1.55 | 1.55 | 11.3% | 11.3% | 186,000,000 | As Is | 4/19/2023 | 50.3% | 50.3% | 100.0% | 4/21/2023 | No | Ceres Terminals | 76 | 75.7% | 6/30/2037 | Dragon Products | 24 | 24.3% | 6/30/2037 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 4/26/2023 | NAP | 4/27/2023 | NAP | NAP | No | Fee/Leasehold | 12/31/2043 | 6, 10-year options; 1, 9-year option | 8/18/2515 | No | 195,426 | 32,571 | 50,000 | Springing | 0 | 18,149 | 650,000 | 0 | 0 | 0 | 0 | 0 | 0 | 31,313 | 37,476 | Springing | Ground Rent | 37,476 | 0 | NAP | Hard | Springing | Yes | Yes | Yes | No | 12,825,000 | 80,675,000 | 490,772.92 | 568,791.67 | NAP | NAP | 93,500,000 | 568,791.67 | 50.3% | 1.55 | 11.3% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | No | NAP | The Modern Group, Ltd. | The Modern Group, Ltd. | No | No | Recapitalization | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||||||||||||||||||||||
| 21.00 | Loan | 1 | 145 Rio Robles Drive | 1.2% | 100.0% | JPMCB | JPMCB | Group 1 | NAP | 145 Rio Robles | San Jose | Santa Clara | CA | 95134 | Mixed Use | Office/Lab/Industrial | 1984 | 2010 | 57,586 | SF | 145.87 | 8,400,000 | 8,400,000 | 8,400,000 | 7.30500% | TBD | 7.30500% | NAP | 51,845.21 | NAP | 622,142.52 | Interest Only | No | Actual/360 | 120 | 119 | 120 | 119 | 0 | 0 | 6/30/2023 | 1 | 1 | 8/1/2023 | NAP | 7/1/2033 | NAP | 0 | 0 | L(24),YM1(89),O(7) | 1,676,044 | 475,112 | 1,200,932 | 12/31/2022 | T-12 | 2,127,358 | 425,501 | 1,701,858 | 12/31/2021 | T-12 | NAV | NAV | NAV | NAV | NAV | 95.0% | 1,852,801 | 497,231 | 1,355,570 | 11,517 | 86,379 | 1,257,674 | 2.18 | 2.02 | 16.1% | 15.0% | 21,600,000 | As Is | 4/24/2023 | 38.9% | 38.9% | 100.0% | 8/1/2023 | Yes | Kawasaki Robotics (USA), Inc. | 57,586 | 100.0% | 7/31/2033 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 5/15/2023 | NAP | 5/16/2023 | 5/16/2023 | 12% | Yes - AO | Fee | NAP | NAP | NAP | NAP | 0 | Springing | 0 | Springing | 0 | Springing | 0 | 0 | Springing | 0 | 0 | 0 | 0 | 0 | 610,210 | 0 | Outstanding TI/LC Reserve ($551,695.12); Free Rent Reserve ($58,514.81) | 0 | 0 | NAP | Hard | Springing | Yes | Yes | No | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | No | NAP | Office Properties Income Trust | Office Properties Income Trust | No | No | Recapitalization | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||||||||||||||||||||||
| 22.00 | Loan | 1 | Central Westchester Tenants Corp | 1.1% | 100.0% | NCB | WFB | NAP | NAP | 100 East Hartsdale Avenue | Hartsdale | Westchester | NY | 10530 | Multifamily | Cooperative | 1969 | 1981 | 240 | Units | 33,062.98 | 8,000,000 | 7,935,115 | 6,736,948 | 5.69000% | TBD | 5.69000% | 46,381.35 | NAP | 556,576.20 | NAP | Amortizing Balloon | No | Actual/360 | 0 | 0 | 120 | 112 | 360 | 352 | 11/29/2022 | 8 | 1 | 1/1/2023 | 1/1/2023 | 12/1/2032 | NAP | 10 | 10 | YM1(113),1%(3),O(4) | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 94.8% | 7,747,440 | 2,640,006 | 5,107,434 | 68,000 | 0 | 5,039,434 | 9.18 | 9.05 | 64.4% | 63.5% | 65,500,000 | As Is | 10/11/2022 | 12.1% | 10.3% | 94.8% | 10/11/2022 | No | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 10/26/2022 | NAP | 10/26/2022 | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP | 0 | Springing | 0 | Springing | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | NAP | 0 | 0 | NAP | None | None | NAP | NAP | No | NAP | NAP | NAP | NAP | NAP | 1,000,000 | greater of 3.70% or the Prime Rate | 8,935,115 | 53,351.84 | 13.6% | 7.87 | 57.2% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | Yes | Unsecured | NAP | NAP | No | No | Refinance | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 1,000,000 | 84,000,000 | 9.4% | 0.0% | 0 | 0 | 0 | NAP | ||||||||||||||
| 23.00 | Loan | 1 | South Athens Storage | 0.8% | 100.0% | MSBNA | MSMCH | NAP | NAP | 7227 Highway 19 South | Athens | Henderson | TX | 75752 | Self Storage | Self Storage | 2005, 2008, 2020 | 2020 | 80,885 | SF | 69.23 | 5,600,000 | 5,600,000 | 5,600,000 | 6.89000% | TBD | 6.89000% | NAP | 32,599.91 | NAP | 391,198.92 | Interest Only | No | Actual/360 | 120 | 119 | 120 | 119 | 0 | 0 | 6/14/2023 | 1 | 1 | 8/1/2023 | NAP | 7/1/2033 | NAP | 5 | 5 | L(25),D(90),O(5) | 820,819 | 284,100 | 536,720 | 4/30/2023 | T-12 | 806,689 | 282,575 | 524,114 | 12/31/2022 | T-12 | 645,273 | 236,178 | 409,095 | 12/31/2021 | T-12 | 86.9% | 820,819 | 280,786 | 540,033 | 8,089 | 0 | 531,944 | 1.38 | 1.36 | 9.6% | 9.5% | 9,500,000 | As Is | 5/4/2023 | 58.9% | 58.9% | 89.5% | 5/31/2023 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 5/12/2023 | NAP | 5/12/2023 | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP | 26,313 | 3,759 | 0 | Springing | 0 | 674 | 40,442 | 0 | 0 | 0 | 0 | 0 | 0 | 7,750 | 0 | 0 | NAP | 0 | 0 | NAP | Springing | Springing | Yes | No | No | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | No | NAP | Andrew Kangera and Rade Kangera | Andrew Kangera and Rade Kangera | No | No | Refinance | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||||||||||||||||||||||
| 24.00 | Loan | 1 | Tracy Tenants Corp | 0.7% | 100.0% | NCCB | WFB | NAP | NAP | 243/245 East 24th Street a/k/a 421/427 Second Avenue | New York | New York | NY | 10010 | Multifamily | Cooperative | 1961 | 2003 | 160 | Units | 31,061.24 | 5,000,000 | 4,969,799 | 4,231,722 | 5.87000% | TBD | 5.87000% | 29,560.91 | NAP | 354,730.92 | NAP | Amortizing Balloon | No | Actual/360 | 0 | 0 | 120 | 114 | 360 | 354 | 1/3/2023 | 6 | 1 | 3/1/2023 | 3/1/2023 | 2/1/2033 | NAP | 10 | 10 | YM1(113),1%(3),O(4) | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 96.0% | 6,372,648 | 3,061,147 | 3,311,501 | 80,500 | 0 | 3,231,001 | 9.34 | 9.11 | 66.6% | 65.0% | 92,100,000 | As Is | 10/11/2022 | 5.4% | 4.6% | 96.0% | 10/11/2022 | No | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 10/19/2022 | NAP | 10/17/2022 | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP | 0 | Springing | 0 | Springing | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 250,000 | 0 | Collateral Security Agreement For Capital Improvements | 0 | 0 | NAP | None | None | NAP | NAP | No | NAP | NAP | NAP | NAP | NAP | 1,000,000 | greater of 4.50% or the Prime Rate | 5,969,799 | 36,531.40 | 6.5% | 7.37 | 55.5% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | Yes | Unsecured | NAP | NAP | No | No | Refinance | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 1,000,000 | 56,000,000 | 8.9% | 10.0% | 16 | 0 | 0 | 218,462 | ||||||||||||||
| 25.00 | Loan | 1 | Seven Points Storage | 0.6% | 100.0% | MSBNA | MSMCH | NAP | NAP | 1309 North Seven Points Boulevard | Kemp | Henderson | TX | 75143 | Self Storage | Self Storage | 2002, 2006, 2009, 2010, 2020 | NAP | 82,320 | SF | 48.59 | 4,000,000 | 4,000,000 | 4,000,000 | 6.99000% | TBD | 6.99000% | NAP | 23,623.61 | NAP | 283,483.32 | Interest Only | No | Actual/360 | 120 | 119 | 120 | 119 | 0 | 0 | 6/16/2023 | 1 | 1 | 8/1/2023 | NAP | 7/1/2033 | NAP | 5 | 5 | L(25),D(90),O(5) | 530,709 | 133,784 | 396,925 | 5/31/2023 | T-12 | 482,105 | 134,151 | 347,953 | 12/31/2022 | T-12 | NAV | NAV | NAV | NAV | NAV | 93.4% | 553,142 | 183,294 | 369,848 | 8,232 | 0 | 361,616 | 1.30 | 1.28 | 9.2% | 9.0% | 6,200,000 | As Is | 5/4/2023 | 64.5% | 64.5% | 92.9% | 5/1/2023 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 5/16/2023 | NAP | 5/16/2023 | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP | 6,699 | 957 | 0 | Springing | 0 | 686 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 11,688 | 0 | 0 | NAP | 0 | 0 | NAP | Springing | Springing | Yes | No | No | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | No | NAP | AMR Capital | Gordon Rush Graves, Jr. | No | No | Refinance | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||||||||||||||||||||||
| 26.00 | Loan | 1 | 60-68 Apartments Corp | 0.5% | 100.0% | NCCB | WFB | NAP | NAP | 60-66 West 68th Street | New York | New York | NY | 10023 | Multifamily | Cooperative | 1920 | 2021 | 68 | Units | 47,794.12 | 3,250,000 | 3,250,000 | 3,250,000 | 5.68000% | TBD | 5.68000% | NAP | 15,596.99 | NAP | 187,163.88 | Interest Only | No | Actual/360 | 120 | 112 | 120 | 112 | 0 | 0 | 11/30/2022 | 8 | 1 | 1/1/2023 | NAP | 12/1/2032 | NAP | 10 | 10 | YM1(113),1%(3),O(4) | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 94.7% | 3,129,610 | 1,540,961 | 1,588,649 | 17,100 | 0 | 1,571,549 | 8.49 | 8.40 | 48.9% | 48.4% | 79,200,000 | As Is | 9/20/2022 | 4.1% | 4.1% | 94.7% | 9/20/2022 | No | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 10/4/2022 | NAP | 10/6/2022 | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP | 0 | Springing | 0 | Springing | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | NAP | 0 | 0 | NAP | None | None | NAP | NAP | No | NAP | NAP | NAP | NAP | NAP | 500,000 | greater of 3.50% or the Prime Rate | 3,750,000 | 19,082.23 | 4.7% | 6.86 | 42.4% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | Yes | Unsecured | NAP | NAP | No | No | Refinance | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 500,000 | 29,900,000 | 10.9% | 0.0% | 0 | 0 | 0 | NAP | ||||||||||||||
| 27.00 | Loan | 1 | Meadow Apartments Corp | 0.4% | 100.0% | NCB | WFB | NAP | NAP | 110-11/110-19 64th Road a/k/a 110-11/110-65 64th Road a/k/a 110-12/110-44 64th Avenue | Forest Hills | Queens | NY | 11375 | Multifamily | Cooperative | 1950 | 2011 | 49 | Units | 61,224.49 | 3,000,000 | 3,000,000 | 3,000,000 | 5.80000% | TBD | 5.80000% | NAP | 14,701.39 | NAP | 176,416.68 | Interest Only | No | Actual/360 | 120 | 112 | 120 | 112 | 0 | 0 | 11/9/2022 | 8 | 1 | 1/1/2023 | NAP | 12/1/2032 | NAP | 10 | 10 | YM1(113),1%(3),O(4) | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 97.0% | 1,435,497 | 531,920 | 903,577 | 24,000 | 0 | 879,577 | 5.12 | 4.99 | 30.1% | 29.3% | 27,000,000 | As Is | 9/27/2022 | 11.1% | 11.1% | 97.0% | 9/27/2022 | No | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 10/11/2022 | NAP | 10/12/2022 | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP | 0 | Springing | 0 | Springing | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | NAP | 0 | 0 | NAP | None | None | NAP | NAP | No | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | Yes | Unsecured | NAP | NAP | No | No | Refinance | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 16,000,000 | 18.8% | 10.2% | 5 | 0 | 0 | -22,174 | |||||||||||||||
| 28.00 | Loan | 1 | Elmhurst House, Inc | 0.4% | 100.0% | NCCB | WFB | NAP | NAP | 88-11 Elmhurst Avenue | Elmhurst | Queens | NY | 11373 | Multifamily | Cooperative | 1937 | 2003 | 81 | Units | 31,979.40 | 2,600,000 | 2,590,331 | 2,206,460 | 5.95000% | TBD | 5.95000% | 15,504.83 | NAP | 186,057.96 | NAP | Amortizing Balloon | No | Actual/360 | 0 | 0 | 120 | 116 | 360 | 356 | 3/31/2023 | 4 | 1 | 5/1/2023 | 5/1/2023 | 4/1/2033 | NAP | 10 | 10 | YM1(113),1%(3),O(4) | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 98.0% | 2,096,730 | 784,570 | 1,312,160 | 20,500 | 0 | 1,291,660 | 7.05 | 6.94 | 50.7% | 49.9% | 30,700,000 | As Is | 1/5/2023 | 8.4% | 7.2% | 98.0% | 1/5/2023 | No | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 1/5/2023 | NAP | 1/11/2023 | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP | 0 | Springing | 0 | Springing | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 443,164 | 0 | Collateral Security Agreement For Capital Improvements | 0 | 0 | NAP | None | None | NAP | NAP | No | NAP | NAP | NAP | NAP | NAP | 500,000 | greater of 4.50% or the Prime Rate | 3,090,331 | 18,990.07 | 10.1% | 5.67 | 42.5% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | Yes | Unsecured | NAP | NAP | No | No | Refinance | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 500,000 | 24,600,000 | 10.5% | 14.8% | 0 | 12 | 0 | 126,557 | ||||||||||||||
| 29.00 | Loan | 1 | 402-414 Bay Ridge Parkway | 0.3% | 100.0% | NCB | WFB | NAP | NAP | 402-414 Bay Ridge Parkway | Brooklyn | Kings | NY | 11209 | Multifamily | Cooperative | 1925 | NAP | 59 | Units | 42,323.90 | 2,500,000 | 2,497,110 | 2,328,617 | 6.05000% | TBD | 6.05000% | 13,842.58 | NAP | 166,110.96 | NAP | Amortizing Balloon | No | Actual/360 | 0 | 0 | 120 | 117 | 480 | 477 | 4/13/2023 | 3 | 1 | 6/1/2023 | 6/1/2023 | 5/1/2033 | NAP | 10 | 10 | YM1(113),1%(3),O(4) | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 95.0% | 1,147,520 | 527,800 | 619,720 | 15,000 | 0 | 604,720 | 3.73 | 3.64 | 24.8% | 24.2% | 16,240,000 | As Is | 11/30/2022 | 15.4% | 14.3% | 95.0% | 11/30/2022 | No | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 12/9/2022 | NAP | 12/13/2022 | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP | 0 | Springing | 0 | Springing | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | $350,000, $60,000 | 0 | Collateral Security Agreement For Capital Improvements, Collateral Security Agreement Re: Maintenance Arrears | 0 | 0 | NAP | None | None | NAP | NAP | No | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | Yes | Unsecured | NAP | NAP | No | No | Refinance | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 10,500,000 | 23.8% | 57.6% | 34 | 0 | 0 | 311,380 | |||||||||||||||
| 30.00 | Loan | 1 | 22 Irving Place Corp | 0.2% | 100.0% | NCCB | WFB | NAP | NAP | 22 Irving Place | New York | New York | NY | 10003 | Multifamily | Cooperative | 1880 | 2003 | 29 | Units | 51,724.14 | 1,500,000 | 1,500,000 | 1,500,000 | 5.81000% | TBD | 5.81000% | NAP | 7,363.37 | NAP | 88,360.44 | Interest Only | No | Actual/360 | 120 | 112 | 120 | 112 | 0 | 0 | 11/18/2022 | 8 | 1 | 1/1/2023 | NAP | 12/1/2032 | NAP | 10 | 10 | YM1(113),1%(3),O(4) | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 95.0% | 1,145,092 | 388,488 | 756,604 | 4,100 | 0 | 752,504 | 8.56 | 8.52 | 50.4% | 50.2% | 12,800,000 | As Is | 9/8/2022 | 11.7% | 11.7% | 95.0% | 9/8/2022 | No | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 9/16/2022 | NAP | 9/21/2022 | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP | 0 | Springing | 0 | Springing | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 650,000 | 0 | Collateral Security Agreement For Capital Improvements | 0 | 0 | NAP | None | None | NAP | NAP | No | NAP | NAP | NAP | NAP | NAP | 500,000 | greater of 3.95% or the Prime Rate +0.25% | 2,000,000 | 10,954.23 | 15.6% | 5.72 | 37.8% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | Yes | Unsecured | NAP | NAP | No | No | Recapitalization | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 500,000 | 13,700,000 | 10.9% | 0.0% | 0 | 0 | 0 | NAP | ||||||||||||||
| 31.00 | Loan | 1 | Spice Lofthouse Corp a/k/a Spice Lofthouse Corporation | 0.2% | 100.0% | NCCB | WFB | NAP | NAP | 165/167 Hudson Street | New York | New York | NY | 10013 | Multifamily | Cooperative | 1908 | 2003 | 14 | Units | 99,360.57 | 1,400,000 | 1,391,048 | 1,174,635 | 5.58000% | TBD | 5.58000% | 8,019.46 | NAP | 96,233.52 | NAP | Amortizing Balloon | No | Actual/360 | 0 | 0 | 120 | 114 | 360 | 354 | 1/30/2023 | 6 | 1 | 3/1/2023 | 3/1/2023 | 2/1/2033 | NAP | 10 | 10 | YM1(113),1%(3),O(4) | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 94.7% | 2,192,283 | 585,352 | 1,606,931 | 7,500 | 0 | 1,599,431 | 16.70 | 16.62 | 115.5% | 115.0% | 34,000,000 | As Is | 11/17/2022 | 4.1% | 3.5% | 94.7% | 11/17/2022 | No | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 11/28/2022 | NAP | 11/29/2022 | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP | 0 | Springing | 0 | Springing | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | NAP | 0 | 0 | NAP | None | None | NAP | NAP | No | NAP | NAP | NAP | NAP | NAP | 250,000 | greater of 4.50% or the Prime Rate | 1,641,048 | 9,762.08 | 4.8% | 13.65 | 97.9% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | Yes | Unsecured | NAP | NAP | No | No | Refinance | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 250,000 | 27,700,000 | 5.0% | 0.0% | 0 | 0 | 0 | NAP | ||||||||||||||
| 32.00 | Loan | 1 | 448 East 84th St. Owners Corp | 0.1% | 100.0% | NCCB | WFB | NAP | NAP | 448 East 84th Street | New York | New York | NY | 10028 | Multifamily | Cooperative | 1910 | 2003 | 20 | Units | 49,821.39 | 1,000,000 | 996,428 | 853,091 | 6.13000% | TBD | 6.13000% | 6,079.34 | NAP | 72,952.08 | NAP | Amortizing Balloon | No | Actual/360 | 0 | 0 | 120 | 116 | 360 | 356 | 3/30/2023 | 4 | 1 | 5/1/2023 | 5/1/2023 | 4/1/2033 | NAP | 10 | 10 | YM1(113),1%(3),O(4) | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 98.0% | 616,338 | 206,334 | 410,004 | 4,000 | 0 | 406,004 | 5.62 | 5.57 | 41.1% | 40.7% | 8,200,000 | As Is | 1/24/2023 | 12.2% | 10.4% | 98.0% | 1/24/2023 | No | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 2/2/2023 | NAP | 2/2/2023 | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP | 19,087 | 9,543 | 0 | Springing | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | NAP | 0 | 0 | NAP | None | None | NAP | NAP | No | NAP | NAP | NAP | NAP | NAP | 250,000 | greater of 4.50% or the Prime Rate +0.25% | 1,246,428 | 7,874.77 | 15.2% | 4.30 | 32.9% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | Yes | Unsecured | NAP | NAP | No | No | Refinance | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 250,000 | 8,100,000 | 12.3% | 0.0% | 0 | 0 | 0 | NAP | ||||||||||||||
