BMO 2023-C6 Mortgage Trust FWP Free writing prospectus

		FREE WRITING PROSPECTUS
		FILED PURSUANT TO RULE 433
		REGISTRATION FILE NO.: 333-255934-07

BMO 2023-C6 Disclaimer

STATEMENT REGARDING THIS FREE WRITING PROSPECTUS

The depositor has filed a registration statement (including a prospectus) with the Securities and Exchange Commission (‘‘SEC’’) for the offering to which this communication relates. Before you invest, you should read the prospectus in the registration statement and other documents the depositor has filed with the SEC for more complete information about the depositor, the issuing entity and this offering. You may get these documents for free by visiting EDGAR on the SEC website at www.sec.gov. Alternatively, the depositor or BMO Capital Markets Corp., any other underwriter, or any dealer participating in the offering will arrange to send you the prospectus after filing if you request it by calling toll free 1-866-864-7760 (8 a.m. – 5 p.m. EST).

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herein is preliminary as of the date hereof, supersedes any such information previously delivered to you and will be superseded by any such information subsequently delivered and ultimately by the final prospectus relating to the securities.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

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

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

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

IMPORTANT NOTICE REGARDING THE OFFERED CERTIFICATES

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

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

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

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

IMPORTANT NOTICE RELATING TO AUTOMATICALLY-GENERATED EMAIL DISCLAIMERS

Any legends, disclaimers or other notices that may appear at the bottom of any email communication to which this free writing prospectus is attached relating to (1) these materials not constituting an offer (or a solicitation of an offer), (2) any representation that these materials are accurate or complete and may not be updated or (3) these materials possibly being confidential, are not applicable to these materials and should be disregarded. Such legends, disclaimers or other notices have been automatically generated as a result of these materials having been sent via Bloomberg or another system.

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 (%)

6, 7

7, 14

5,7

3,4

4,21,22,23,28

4,21,22,23, 28

Loan

Healthcare Trust MOB Portfolio

9.9%

KeyBank, Barclays, SGFC

KeyBank

NAP

Various

Office

Medical

Various

1,247,943

192.32

60,000,000

6.45300%

0.019875%

6.43312%

NAP

327,131.25

NAP

3,925,575.00

Interest Only

Actual/360

120

118

120

118

5/24/2023

7/6/2023

NAP

6/6/2033

L(12),YM1(14),DorYM1(87),O(7)

35,060,045

8,127,805

26,932,240

3/31/2023

T-12

34,545,376

8,000,537

26,544,839

12/31/2022

T-12

24,763,470

6,060,988

18,702,482

12/31/2021

T-12

95.0%

39,365,086

10,218,760

29,146,326

478,107

1,247,943

27,420,277

1.86

1.75

12.1%

11.4%

455,000,000

As Portfolio

3/24/2023

52.7%

96.5%

5/24/2023

643,802

321,901

6,283

1,257

Springing

289,100

5,030,248

Springing

Outstanding TI/LC Reserve (Upfront: $4,760,872), Free Rent Reserve (Upfront: $269,376), Belpre V Reserve (Monthly: Springing)

NAP

Hard

Springing

Yes

60,000,000

180,000,000

981,393.75

1,308,525.00

NAP

240,000,000

1,308,525.00

52.7%

1.75

12.1%

NAP

Healthcare Trust Operating Partnership, L.P.

Refinance

240,000,000

196,076,830

8,563,111

5,969,433

29,390,626

240,000,000

NAP

1.01

Property

Belpre V Cancer Center - Belpre, OH

1.9%

19.6%

807 Farson Street

Belpre

Washington

45714

Office

Medical

2020

NAP

77,367

11,765,000

NAV

87,150,000

As Is

3/21/2023

100.0%

5/24/2023

Yes

Belpre V Cancer Center

77,367

100.0%

2/28/2038

NAP

4/11/2023

NAP

4/11/2023

NAP

Fee

NAP

1.02

Property

Glendale MOB - Farmington Hills, MI

0.3%

3.3%

28595 Orchard Lake Road

Farmington Hills

Oakland

48334

Office

Medical

1988

NAP

44,639

1,997,500

NAV

14,800,000

As Is

3/22/2023

93.9%

5/24/2023

Glendale Neurological Associates, PC

31,181

69.9%

4/30/2028

Michigan Radiation Therapy Management

7,242

16.2%

3/31/2028

Quest Research Institute

2,220

5.0%

11/30/2023

Laboratory Corporate of America

1,294

2.9%

MTM

NAP

4/11/2023

NAP

4/11/2023

NAP

Fee

NAP

1.03

Property

1600 State Street

0.3%

2.9%

1600 State Street

Salem

Marion

97301

Office

Medical

1977

2006

30,642

1,715,000

NAV

12,700,000

As Is

3/21/2023

100.0%

5/24/2023

Yes

Willamette Orthopedic Group LLC

30,642

100.0%

2/28/2035

NAP

4/11/2023

NAP

4/11/2023

Yes - AE

Fee

NAP

1.04

Property

Palm Valley Medical Plaza - Goodyear, AZ

0.2%

2.4%

13657 West McDowell Road

Goodyear

Maricopa

85395

Office

Medical

1995

NAP

38,637

1,430,000

NAV

10,600,000

As Is

3/20/2023

96.8%

5/24/2023

Fresenius Kidney Care Palm Valley

6,197

16.0%

12/31/2027

SMI Imaging, LLC

5,684

14.7%

4/30/2030

AKDHC, LLC

5,197

13.5%

9/30/2030

VibrantCare Outpatient Rehab

4,810

12.4%

11/30/2029

Sonora Quest Laboratories, LLC

4,448

11.5%

6/30/2027

4/11/2023

NAP

4/11/2023

NAP

Fee

NAP

1.05

Property

Eastside Cancer Institute - Greenville, SC

0.2%

2.3%

65 International Drive

Greenville

29615

Office

Medical

1999

NAP

30,924

1,390,000

NAV

10,300,000

As Is

3/23/2023

100.0%

5/24/2023

Yes

Prisma Health-Upstate

30,924

100.0%

6/30/2028

NAP

4/11/2023

NAP

4/11/2023

NAP

Yes - AE

Fee

NAP

1.06

Property

Aurora Healthcare Center - Waterford, WI

0.2%

2.1%

818 Forest Lane

Waterford

Racine

53185

Office

Medical

1999

NAP

23,662

1,282,500

NAV

9,500,000

As Is

3/23/2023

100.0%

5/24/2023

Yes

Aurora Health Center - Waterford, WI

23,662

100.0%

12/31/2032

NAP

4/11/2023

NAP

4/11/2023

NAP

Fee

NAP

1.07

Property

Beaumont Medical Center - Warren, MI

0.2%

2.1%

8545 Common Road

Warren

Macomb

48093

Office

Medical

2005

NAP

35,219

1,270,000

NAV

9,400,000

As Is

3/22/2023

54.5%

5/24/2023

William Beaumont Hospital

19,178

54.5%

4/30/2028

NAP

4/11/2023

NAP

4/11/2023

NAP

Fee

NAP

1.08

Property

Millennium Eye Care - Freehold, NJ

0.2%

2.1%

500 West Main Street

Freehold

Monmouth

07728

Office

Medical

1985

2009

25,164

1,247,500

NAV

9,250,000

As Is

3/21/2023

100.0%

5/24/2023

Millennium Eye Care

19,799

78.7%

4/29/2032

Freehold Surgical Center

3,666

14.6%

4/29/2032

Schubel Chiropractic

1,699

6.8%

MTM

NAP

4/11/2023

NAP

4/11/2023

NAP

Fee

NAP

1.09

Property

757 Franciscan Medical - Munster, IN

0.2%

2.1%

757 45th Street

Munster

Lake

46321

Office

Medical

2008

2012

37,040

1,242,500

NAV

9,200,000

As Is

3/21/2023

100.0%

5/24/2023

Yes

Franciscan Medical Specialists

37,040

100.0%

9/30/2027

NAP

4/11/2023

NAP

4/14/2023

NAP

Fee

NAP

1.10

Property

Vascular Surgery Associates - Tallahassee, FL

0.2%

2.0%

2631 Centennial Boulevard

Tallahassee

Leon

32308

Office

Medical

2008

2018

20,000

1,175,000

NAV

8,700,000

As Is

3/24/2023

100.0%

5/24/2023

Yes

CTVSA Management, LLC

20,000

100.0%

5/31/2030

NAP

4/11/2023

NAP

4/11/2023

NAP

Fee

NAP

1.11

Property

Decatur Medical Office Building - Decatur, GA

0.2%

1.9%

2712 Lawrenceville Highway

Decatur

DeKalb

30033

Office

Medical

1993

2022

20,800

1,147,500

NAV

8,500,000

As Is

3/22/2023

100.0%

5/24/2023

Yes

Northside Hospital

20,800

100.0%

11/15/2030

NAP

4/11/2023

NAP

4/14/2023

NAP

Fee / Leasehold

11/16/2032

1, 10-year extension option

39,261

Yes

NAP

1.12

Property

Aurora Healthcare Center - Wautoma, WI

0.2%

1.9%

900 East Division Street

Wautoma

Waushara

54982

Office

Medical

2004

NAP

21,048

1,135,000

NAV

8,400,000

As Is

3/23/2023

100.0%

5/24/2023

Yes

Aurora Healthcare Center - Wautoma, WI

21,048

100.0%

12/31/2032

NAP

4/11/2023

NAP

4/11/2023

NAP

Fee

NAP

1.13

Property

Greenfield Medical Plaza - Gilbert, AZ

0.2%

1.8%

875 North Greenfield Road

Gilbert

Maricopa

85234

Office

Medical

2001

NAP

28,488

1,067,500

NAV

7,900,000

As Is

3/20/2023

90.5%

5/24/2023

SMI Imaging, LLC

10,858

38.1%

1/31/2025

Arizona Pain Specialists, PLLC

3,749

13.2%

9/30/2024

Drops of Beauty

2,994

10.5%

10/31/2026

Masters DMD PLLC

2,300

8.1%

9/30/2026

Gilbert Family Birth Center, LLC

2,299

8.1%

10/31/2025

4/11/2023

NAP

4/11/2023

NAP

Fee

NAP

1.14

Property

Swedish American MOB - Roscoe, IL

0.2%

1.8%

4282 East Rockton Road

Roscoe

Winnebago

61073

Office

Medical

2014

NAP

25,200

1,067,500

NAV

7,900,000

As Is

3/22/2023

93.7%

5/24/2023

SwedishAmerican Realty Corp.

20,000

79.4%

2/16/2029

Siepert & Co. LLP

3,600

14.3%

11/30/2027

NAP

4/11/2023

NAP

4/11/2023

NAP

Fee

NAP

1.15

Property

West Michigan Surgery Center - Big Rapids, MI

0.2%

1.7%

20095 Gilbert Road

Big Rapids

Mecosta

49307

Office

Medical

1982, 2015

NAP

20,404

1,045,000

NAV

7,750,000

As Is

3/24/2023

100.0%

5/24/2023

Yes

West Michigan Surgery Center - Big Rapids, MI

20,404

100.0%

8/31/2027

NAP

4/11/2023

NAP

4/11/2023

NAP

Fee

NAP

1.16

Property

UPMC - Sir Thomas Court - Harrisburg, PA

0.2%

1.7%

805 Sir Thomas Court

Harrisburg

Dauphin

17109

Office

Medical

1994

NAP

24,000

1,042,500

NAV

7,725,000

As Is

3/24/2023

100.0%

5/24/2023

Yes

Pinnacle Health Hospitals

24,000

100.0%

10/31/2027

NAP

4/11/2023

NAP

4/11/2023

NAP

Fee

NAP

1.17

Property

Eastern Carolina ENT - Greenville, NC

0.2%

1.7%

850 Johns Hopkins Drive

Greenville

Pitt

27834

Office

Medical

2001

NAP

22,528

1,040,000

NAV

7,700,000

As Is

3/24/2023

100.0%

5/24/2023

Yes

Eastern Carolina Ear, Nose & Throat

22,528

100.0%

12/20/2034

NAP

4/11/2023

NAP

4/11/2023

NAP

Fee

NAP

1.18

Property

Lancaster Medical Arts MOB - Lancaster

0.2%

1.7%

233 College Avenue

Lancaster

17603

Office

Medical

1988

NAP

30,623

1,035,000

NAV

7,675,000

As Is

3/24/2023

100.0%

5/24/2023

Yes

UPMC Pinnacle Lancaster

30,623

100.0%

8/31/2031

NAP

4/11/2023

NAP

4/11/2023

NAP

Fee

NAP

1.19

Property

UPMC - Fisher Road - Mechanicsburg, PA

0.2%

1.7%

2140 Fisher Road

Mechanicsburg

Cumberland

17055

Office

Medical

1990

NAP

15,000

995,000

NAV

7,375,000

As Is

3/24/2023

100.0%

5/24/2023

Yes

Pinnacle Health Hospitals

15,000

100.0%

1/31/2032

NAP

4/11/2023

NAP

4/11/2023

NAP

Fee

NAP

1.20

Property

Kingwood Executive Center - Kingwood, TX

0.2%

1.6%

201 Kingwood Medical Drive

Houston

Montgomery

77339

Office

Medical

2005

NAP

29,120

957,500

NAV

7,100,000

As Is

3/24/2023

88.0%

5/24/2023

Tranquility Behavioral Health

3,507

12.0%

7/31/2024

Texas Regional Urology, PLLC

3,287

11.3%

12/31/2024

Flow Vascular Institute

3,119

10.7%

1/31/2026

Envoy Hospice

3,092

10.6%

2/28/2027

George Nunez, Jr., MD, PA

2,525

8.7%

3/31/2025

4/11/2023

NAP

3/31/2023

NAP

Fee

NAP

1.21

Property

Pensacola Nephrology MOB - Pensacola, FL

0.2%

1.6%

1619 Creighton Road

Pensacola

Escambia

32504

Office

Medical

2011

2021

18,435

957,500

NAV

7,100,000

As Is

3/24/2023

100.0%

5/24/2023

Pensacola Nephrology, PA

12,665

68.7%

10/31/2033

Fresenius Vascular Care Pensacola

5,770

31.3%

9/30/2033

NAP

4/11/2023

NAP

4/11/2023

NAP

Fee

NAP

1.22

Property

Lee Memorial Health System - Fort Myers, FL

0.1%

1.5%

12600 Creekside Lane

Fort Myers

Lee

33919

Office

Medical

1998

2021

24,174

890,000

NAV

6,600,000

As Is

3/23/2023

100.0%

5/24/2023

Yes

Lee Memorial Health System

24,174

100.0%

9/30/2029

NAP

4/11/2023

NAP

4/11/2023

NAP

Yes - AE

Fee

NAP

1.23

Property

Greenville Health System - Greenville, SC

0.1%

1.5%

1120 Grove Road

Greenville

29605

Office

Medical

1997

NAP

21,603

890,000

NAV

6,600,000

As Is

3/23/2023

100.0%

5/24/2023

Yes

Prisma Health-Upstate

21,603

100.0%

9/30/2033

NAP

4/14/2023

NAP

4/11/2023

NAP

Fee / Leasehold

9/30/2024

Unlimited, 2-year extension options

60,828

Yes

NAP

1.24

Property

UPMC - Chambers Hill - Harrisburg, PA

0.1%

1.5%

5400 Chambers Hill Road

Harrisburg

Dauphin

17111

Office

Medical

1955

2018

11,000

877,500

NAV

6,500,000

As Is

3/24/2023

100.0%

5/24/2023

Yes

Pinnacle Health Hospitals

11,000

100.0%

12/31/2028

NAP

4/11/2023

NAP

4/11/2023

NAP

Fee

NAP

1.25

Property

Rockwall Medical Plaza - Rockwall, TX

0.1%

1.4%

890 Rockwall Parkway

Rockwall

75032

Office

Medical

2008

NAP

18,176

855,000

NAV

6,330,000

As Is

3/23/2023

100.0%

5/24/2023

Urology Clinics of North Texas

6,182

34.0%

10/31/2030

North Pediatrics

4,318

23.8%

8/31/2028

Carlos Arauz-Pacheco, MD and Dan L

3,098

17.0%

8/31/2026

Texas Health Resources

3,082

17.0%

5/31/2027

Texan Allergy, LLC

1,496

8.2%

12/31/2024

4/11/2023

NAP

4/11/2023

NAP

Fee

NAP

1.26

Property

Pioneer Spine Sports - West Springfield

0.1%

1.4%

271 Park Street

West Springfield

Hampden

01089

Office

Medical

2008

NAP

15,000

837,500

NAV

6,200,000

As Is

3/24/2023

100.0%

5/24/2023

Yes

Pioneer Spine Sports - West Springfield

15,000

100.0%

7/31/2029

NAP

4/11/2023

NAP

4/11/2023

NAP

Fee

NAP

1.27

Property

Women's Healthcare Group MOB - York, PA

0.1%

1.4%

1693 South Queen Street

York

17403

Office

Medical

1993

NAP

21,316

832,500

NAV

6,175,000

As Is

3/22/2023

100.0%

5/24/2023

Yes

WellSpan Properties, Inc.

21,316

100.0%

6/30/2029

NAP

4/11/2023

NAP

4/11/2023

NAP

Fee

NAP

1.28

Property

OrthoOne Hilliard - Hilliard, OH

0.1%

1.3%

3775-3779 Trueman Court

Hilliard

Franklin

43026

Office

Medical

2006

NAP

24,836

802,500

NAV

5,950,000

As Is

3/24/2023

100.0%

5/24/2023

Orthopedic One, Inc.

12,935

52.1%

4/30/2025

Runion Dental Group, LLC

5,114

20.6%

4/30/2031

Psychological & Behavioral Consultant

4,699

18.9%

4/30/2027

Matrix Rx, LLC

2,088

8.4%

1/31/2025

NAP

4/11/2023

NAP

4/11/2023

NAP

Fee

NAP

1.29

Property

St Peter's - Albany, NY - 5 Palisades

0.1%

1.3%

5 Palisades Drive

Albany

12205

Office

Medical

1999

NAP

44,323

782,500

NAV

5,800,000

As Is

3/22/2023

100.0%

5/24/2023

St. Peter's Health Partners Medical Associates, P.C.

22,777

51.4%

7/31/2027

Young/Sommer, LLC

7,595

17.1%

3/31/2025

Adirondack Oral & Maxillofacial Surgery

4,176

9.4%

1/14/2026

Northeast Urogynecology

3,855

8.7%

11/30/2027

Francis J. Cullen, M.D.

1,980

4.5%

11/30/2027

4/11/2023

NAP

4/11/2023

NAP

Fee

NAP

1.30

Property

Metropolitan Eye Lakeshore Surgery - St. Clair Shores, MI

0.1%

1.3%

21711 Greater Mack Avenue

St. Clair Shores

Macomb

48080

Office

Medical

1985

NAP

17,594

782,500

NAV

5,800,000

As Is

3/22/2023

100.0%

5/24/2023

Yes

Metropolitan Eye Center, P.C.

17,594

100.0%

8/31/2036

NAP

4/11/2023

NAP

4/11/2023

NAP

Fee

NAP

1.31

Property

Crittenton MOB - Washington Township, MI

0.1%

1.3%

57850 Van Dyke Road

Washington Township

Macomb

48094

Office

Medical

2002

2021, 2022

19,561

775,000

NAV

5,750,000

As Is

3/22/2023

92.7%

5/24/2023

Crittenton Hospital Medical

9,652

49.3%

9/30/2024

Cardiovascular Consultants

3,496

17.9%

9/30/2029

Lana Tello-Abed, DDS

2,599

13.3%

12/31/2028

Silver Pine Medical Group

2,380

12.2%

6/30/2026

NAP

4/11/2023

NAP

4/11/2023

NAP

Fee

NAP

1.32

Property

Surgery Center of Temple - Temple, TX

0.1%

1.3%

1909 Southwest H K Dodgen Loop

Temple

Bell

76502

Office

Medical

2008

NAP

10,400

755,000

NAV

5,600,000

As Is

3/24/2023

100.0%

5/24/2023

Yes

Ascension Seton

10,400

100.0%

2/29/2028

NAP

4/11/2023

NAP

4/11/2023

NAP

Fee

NAP

1.33

Property

RAI Care Center-Clearwater, FL

0.1%

1.2%

29296 US Highway 19 North

Clearwater

Pinellas

33761

Office

Medical

1973

2009

14,936

742,500

NAV

5,500,000

As Is

3/23/2023

100.0%

5/24/2023

RAI Care Centers of Florida

9,216

61.7%

12/13/2024

Tampa Bay Access Center

3,514

23.5%

11/30/2024

Renal Hypertension Center

2,206

14.8%

11/30/2024

NAP

4/11/2023

NAP

4/14/2023

NAP

Fee

NAP

1.34

Property

Medical Center V - Peoria, AZ

0.1%

1.2%

13090 North 94th Drive

Peoria

Maricopa

85381

Office

Medical

2002

NAP

33,615

730,000

NAV

5,400,000

As Is

3/20/2023

100.0%

5/24/2023

Phoenix Artificial Kidney Center

8,939

26.6%

5/31/2026

Koch Foods

5,091

15.1%

7/31/2033

Loyal Source Government Services LL

4,965

14.8%

2/29/2028

SMI Imaging, LLC

3,940

11.7%

11/30/2023

Precision Hand and Orthopedic Surgery

3,822

11.4%

3/31/2032

4/11/2023

NAP

4/11/2023

NAP

Fee

NAP

1.35

Property

MetroHealth Buckeye Health - Cleveland, OH

0.1%

1.2%

2816 East 116th Street

Cleveland

Cuyahoga

44120

Office

Medical

2004

NAP

25,070

730,000

NAV

5,400,000

As Is

3/23/2023

100.0%

5/24/2023

Yes

The MetroHealth System

25,070

100.0%

5/31/2027

NAP

4/11/2023

NAP

4/11/2023

NAP

Fee

NAP

1.36

Property

South Douglas MOB - Midwest City, OK

0.1%

1.2%

1800 South Douglas Boulevard

Midwest City

Oklahoma

73130

Office

Medical

2004

NAP

20,756

722,500

NAV

5,350,000

As Is

3/23/2023

100.0%

5/24/2023

Yes

Sooner Medical Management

20,756

100.0%

10/31/2026

NAP

4/11/2023

NAP

4/11/2023

NAP

Fee

NAP

1.37

Property

Crittenton MOB - Sterling Heights, MI

0.1%

1.2%

37771 Schoenherr Road

Sterling Heights

Macomb

48312

Office

Medical

1997

2019, 2021-2022

16,936

715,000

NAV

5,300,000

As Is

3/22/2023

72.0%

5/24/2023

Cardiovascular Consultants PC

8,259

48.8%

9/30/2029

Sterling Heights Urgent Care

2,686

15.9%

9/30/2024

Holiday Pharmacy

1,249

7.4%

9/30/2027

NAP

4/11/2023

NAP

4/11/2023

NAP

Fee

NAP

1.38

Property

SPHP MOB, Albany, NY

0.1%

1.2%

1444 Western Avenue

Albany

12203

Office

Medical

1994

NAP

20,780

702,500

NAV

5,200,000

As Is

4/5/2023

100.0%

5/24/2023

Yes

SPHPMA

20,780

100.0%

4/30/2027

NAP

1/3/2023

NAP

4/11/2023

NAP

Fee

NAP

1.39

Property

Atlanta Gastroenterology Associates - Lawrenceville, GA

0.1%

1.2%

301 Philip Boulevard

Lawrenceville

Gwinnett

30046

Office

Medical

2007

NAP

10,500

695,000

NAV

5,150,000

As Is

3/22/2023

100.0%

5/24/2023

Yes

AGA MSO LLC

10,500

100.0%

1/31/2030

NAP

4/11/2023

NAP

4/14/2023

NAP

Fee

NAP

1.40

Property

Bone and Joint Specialists - Merrillville, IN

0.1%

1.1%

9001 Broadway

Merrillville

Lake

46410

Office

Medical

1985

2008

15,504

647,500

NAV

4,800,000

As Is

3/21/2023

100.0%

5/24/2023

Yes

Bone & Joint Specialists

15,504

100.0%

6/28/2027

NAP

4/11/2023

NAP

4/11/2023

NAP

Fee

NAP

1.41

Property

1550 State Street

0.1%

1.1%

1550 State Street

Salem

Marion

97301

Office

Medical

1977

NAP

13,968

635,000

NAV

4,700,000

As Is

3/21/2023

100.0%

5/24/2023

Yes

Willamette Orthopedic Group LLC

13,968

100.0%

2/28/2035

NAP

4/11/2023

NAP

4/11/2023

Fee

NAP

1.42

Property

St. Peter's - Albany, NY - 2 Palisades

0.1%

1.1%

2 Palisades Drive

Albany

12205

Office

Medical

1989

NAP

27,840

635,000

NAV

4,700,000

As Is

3/22/2023

100.0%

5/24/2023

Yes

St. Peter's Health Partners Medical Associates, P.C.

27,840

100.0%

7/31/2028

NAP

4/11/2023

NAP

4/14/2023

NAP

Fee

NAP

1.43

Property

St Lukes Heart Vascular Center - East Stroudsburg

0.1%

1.0%

235 East Brown Street

East Stroudsburg

Monroe

18301

Office

Medical

2008

NAP

13,410

610,000

NAV

4,525,000

As Is

3/23/2023

100.0%

5/24/2023

Yes

Saint Lukes Hospital of Bethlehem, Pe

13,410

100.0%

7/31/2027

NAP

4/13/2023

NAP

4/11/2023

NAP

Fee

NAP

1.44

Property

Naidu Clinic - Odessa, TX

0.1%

0.9%

605 East 4th Street

Odessa

Ector

79761

Office

Medical

1984

NAP

12,901

530,000

NAV

3,920,000

As Is

3/27/2023

100.0%

5/24/2023

Yes

Permian Premier Health Services, Inc.

12,901

100.0%

4/30/2033

NAP

4/11/2023

NAP

4/11/2023

NAP

Yes - AE

Fee

NAP

1.45

Property

Aurora Healthcare Center - Kiel, WI

0.1%

0.9%

1001 Service Road

Kiel

Manitowoc

53042

Office

Medical

2004

NAP

9,842

527,500

NAV

3,900,000

As Is

3/23/2023

100.0%

5/24/2023

Yes

Aurora Health Center - Kiel, WI

9,842

100.0%

12/31/2032

NAP

4/11/2023

NAP

4/11/2023

NAP

Fee

NAP

1.46

Property

Florida Medical Heartcare - Tampa, FL

0.1%

0.9%

14320 Bruce B Downs Boulevard

Tampa

Hillsborough

33613

Office

Medical

1988

NAP

10,472

512,500

NAV

3,800,000

As Is

3/20/2023

100.0%

5/24/2023

Yes

Florida Medical Clinic, P.A.

10,472

100.0%

4/1/2030

NAP

4/11/2023

NAP

4/11/2023

NAP

Fee

NAP

1.47

Property

Florida Medical Wesley Chapel - Tampa, FL

0.1%

0.8%

27343 Wesley Chapel Boulevard

Wesley Chapel

Pasco

33544

Office

Medical

1990

NAP

10,368

500,000

NAV

3,700,000

As Is

3/20/2023

100.0%

5/24/2023

Yes

Florida Medical Clinic, P.A.

10,368

100.0%

4/1/2030

NAP

4/11/2023

NAP

4/14/2023

NAP

Fee

NAP

1.48

Property

Aurora Healthcare Center - Green Bay, WI

0.1%

0.8%

2890 Lineville Road

Suamico

Brown

54313

Office

Medical

2007

NAP

9,318

500,000

NAV

3,700,000

As Is

3/23/2023

100.0%

5/24/2023

Yes

Aurora Health Center - Green Bay

9,318

100.0%

12/31/2032

NAP

4/11/2023

NAP

4/11/2023

NAP

Fee

NAP

1.49

Property

Pioneer Spine Sports - Springfield

0.1%

0.8%

55 Saint George Road

Springfield

Hampden

01104

Office

Medical

1981

2005

11,000

472,500

NAV

3,500,000

As Is

3/24/2023

80.7%

5/24/2023

MDSINE, LLC - MDSine MA Multispecialty

8,880

80.7%

6/17/2027

NAP

4/11/2023

NAP

4/20/2023

NAP

Fee

NAP

1.50

Property

Center for Advanced Dermatology - Lakewood, CO

0.1%

0.8%

3455 South Yarrow Street

Lakewood

Jefferson

80227

Office

Medical

2005

NAP

7,650

472,500

NAV

3,500,000

As Is

3/24/2023

100.0%

5/24/2023

Yes

Oliver Street Dermatology Management

7,650

100.0%

11/30/2031

NAP

4/11/2023

NAP

4/11/2023

NAP

Fee

NAP

1.51

Property

Pioneer Spine Sports - Northampton

0.1%

0.8%

766 North King Street

Northampton

Hampshire

01060

Office

Medical

2008

NAP

10,563

460,000

NAV

3,400,000

As Is

3/24/2023

83.2%

5/24/2023

Pioneer Spine Sports - Northampton

8,788

83.2%

7/31/2029

NAP

4/11/2023

NAP

4/11/2023

NAP

Fee

NAP

1.52

Property

Florida Medical Clinic - Tampa, FL

0.1%

0.7%

13602 North 46th Street

Tampa

Hillsborough

33613

Office

Medical

1985

NAP

9,724

432,500

NAV

3,200,000

As Is

3/20/2023

100.0%

5/24/2023

Yes

Florida Medical Clinic, LLC

9,724

100.0%

11/30/2026

NAP

4/11/2023

NAP

4/11/2023

NAP

Fee

NAP

1.53

Property

DaVita Dialysis - Hudson, FL

0.1%

0.7%

14134 Nephron Lane

Hudson

Pasco

34667

Office

Medical

1982

2009

8,984

432,500

NAV

3,200,000

As Is

3/23/2023

100.0%

5/24/2023

Total Renal Care, Inc.

5,409

60.2%

6/30/2024

Renal Hypertension Center

3,575

39.8%

12/31/2024

NAP

4/11/2023

NAP

4/11/2023

NAP

Fee

NAP

1.54

Property

St Peter's - Albany, NY - 4 Palisades

0.1%

0.7%

4 Palisades Drive

Albany

12205

Office

Medical

1992

NAP

28,597

405,000

NAV

3,000,000

As Is

3/22/2023

88.5%

5/24/2023

St. Peter's Health Partners Medical Associates, P.C.

10,086

35.3%

12/31/2024

David L. Weinstein, D.D.S.

2,200

7.7%

10/31/2025

Psychotherapy Associates

2,123

7.4%

12/31/2023

Joseph S. Baler, M.D.

1,980

6.9%

2/28/2025

Johar ADPI-FAGD NY OS Joint Venture

1,880

6.6%

2/28/2025

4/11/2023

NAP

4/11/2023

NAP

Fee

NAP

1.55

Property

5825 Shoreview Lane North

0.1%

0.5%

5825 Shoreview Lane North

Keizer

Marion

97303

Office

Medical

1999

NAP

6,510

325,000

NAV

2,400,000

As Is

3/21/2023

100.0%

5/24/2023

Yes

Willamette Orthopedic Group LLC

6,510

100.0%

2/28/2035

NAP

4/11/2023

NAP

4/11/2023

Yes - A

Fee

NAP

1.56

Property

Florida Medical Tampa Palms - Tampa, FL

0.1%

0.5%

17417 Bridge Hill Court

Tampa

Hillsborough

33647

Office

Medical

2006

NAP

6,522

310,000

NAV

2,300,000

As Is

3/20/2023

100.0%

5/24/2023

Yes

Florida Medical Clinic, P.A.

6,522

100.0%

3/31/2030

NAP

4/11/2023

NAP

4/11/2023

NAP

Fee

NAP

1.57

Property

Fresenius Medical Care - Winfield, AL

0.1%

0.5%

638 Tahoe Road

Winfield

Marion

35594

Office

Medical

2008

NAP

5,564

310,000

NAV

2,300,000

As Is

3/21/2023

100.0%

5/24/2023

Yes

Fresenius Kidney Care Northwest

5,564

100.0%

3/31/2028

NAP

4/11/2023

NAP

4/11/2023

NAP

Fee

NAP

1.58

Property

Florida Medical Somerset - Tampa, FL

0.0%

0.5%

15260 Amberly Drive

Tampa

Hillsborough

33647

Office

Medical

2002

NAP

6,027

297,500

NAV

2,200,000

As Is

3/20/2023

100.0%

5/24/2023

Yes

Florida Medical Clinic, P.A.

6,027

100.0%

3/31/2030

NAP

4/11/2023

NAP

4/11/2023

NAP

Fee

NAP

1.59

Property

St. Peter's - Troy, NY - 2 New Hampshire

0.0%

0.5%

2 New Hampshire Avenue

Troy

Rensselaer

12180

Office

Medical

2000

NAP

18,842

270,000

NAV

2,000,000

As Is

3/22/2023

83.4%

5/24/2023

St. Peter's Health Partners Medical Associates, P.C.

15,715

83.4%

10/31/2023

NAP

4/11/2023

NAP

4/11/2023

NAP

Fee

NAP

1.60

Property

DaVita Bay Breeze Dialysis Center - Largo, FL

0.0%

0.5%

11550 Ulmerton Road

Largo

Pinellas

33778

Office

Medical

1995

2012

7,247

270,000

NAV

2,000,000

As Is

3/23/2023

100.0%

5/24/2023

Yes

DaVita Bay Breeze Dialysis Center - Largo, FL

7,247

100.0%

6/10/2027

NAP

4/11/2023

NAP

4/11/2023

NAP

Fee

NAP

1.61

Property

Aurora Healthcare Center - Greenville, WI

0.0%

0.4%

N1750 Lily of The Valley Drive

Greenville

Outagamie

54942

Office

Medical

2005

NAP

4,088

215,000

NAV

1,600,000

As Is

3/23/2023

100.0%

5/24/2023

Yes

Aurora Health Center - Greenville, WI

4,088

100.0%

12/31/2032

NAP

4/11/2023

NAP

4/11/2023

NAP

Fee

NAP

1.62

Property

1586 State Street

0.0%

0.2%

1586 State Street

Salem

Marion

97301

Office

Medical

1956

NAP

3,486

107,500

NAV

800,000

As Is

3/21/2023

100.0%

5/24/2023

Yes

Willamette Orthopedic Group LLC

3,486

100.0%

2/28/2035

NAP

4/11/2023

NAP

4/11/2023

11%

Fee

NAP

Loan

Skorpios Industrial

9.9%

100.0%

KeyBank, AREF2

NAP

41915 Business Park Drive

Temecula

Riverside

92590

Industrial

Manufacturing

1987

NAP

450,000

166.67

60,000,000

6.63500%

0.028625%

6.60637%

NAP

336,357.64

NAP

4,036,291.68

Interest Only

Actual/360

120

8/1/2023

9/1/2023

NAP

8/1/2033

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

NAV

95.0%

16,622,222

4,892,451

11,729,772

87,500

1,783,500

9,858,772

2.32

1.95

15.6%

13.1%

180,000,000

As Is

6/28/2023

41.7%

100.0%

8/1/2023

Yes

Skorpios

450,000

100.0%

9/10/2038

NAP

7/31/2023

NAP

7/31/2023

2/24/2023

10%

Fee

NAP

Springing

250,000

Springing

250,000

3,000,000

Springing

1,019,792

Springing

Rent Concession Reserve (Upfront: $1,019,792), Security Deposit Reserve (Monthly: Springing)

NAP

Hard

In Place

Yes

60,000,000

15,000,000

84,089.41

420,447.05

NAP

75,000,000

420,447.05

41.7%

1.95

15.6%

NAP

NexPoint Real Estate Advisors, L.P.

The Dugaboy Investment Trust

Yes

Acquisition

75,000,000

126,761,552

201,761,552

190,000,000

7,491,760

4,269,792

201,761,552

NAP

Loan

Fashion Valley Mall

8.3%

100.0%

BANA, JPMCB, Barclays, BMO

BMO

NAP

7007 Friars Road

San Diego

92108

Retail

Super Regional Mall

1969

2023

1,377,155

326.76

50,000,000

5.73000%

0.021125%

5.70887%

NAP

242,065.97

NAP

2,904,791.64

Interest Only

Actual/360

120

118

120

118

5/25/2023

7/1/2023

NAP

6/1/2033

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%

94.0%

5/15/2023

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

Springing

28,803,694

Outstanding TI/LC Reserve ($24,345,615), Gap Rent Reserve ($4,458,079)

NAP

Hard

Springing

Yes

50,000,000

400,000,000

1,936,527.78

2,178,593.75

NAP

450,000,000

2,178,593.75

31.5%

3.15

18.7%

NAP

Simon Property Group, L.P.

Simon Property Group, L.P. and PPF Retail, LLC

Refinance

450,000,000

417,362,939

1,262,178

28,803,694

2,571,188

450,000,000

NAP

Loan

CX - 250 Water Street

7.6%

100.0%

WFB, BANA, GSBI, 3650 REIT

WFB

NAP

250 Water Street

Cambridge

Middlesex

02141

Mixed Use

Lab / Office

2022

NAP

479,004

1,109.59

46,200,000

5.50950%

0.021125%

5.48837%

NAP

215,061.80

NAP

2,580,741.60

Interest Only - ARD

Yes

Actual/360

120

114

120

114

1/27/2023

3/10/2023

NAP

2/10/2033

2/10/2038

L(24),YM1(6),DorYM1(83),O(7)

NAV

99.0%

62,561,733

13,277,931

49,283,802

119,751

49,164,051

1.66

9.3%

1,090,000,000

Prospective Market Value Upon Completion & Stabilization

1/1/2023

48.8%

98.7%

1/27/2023

Yes

E.R. Squibb & Sons LLC

472,580

98.7%

10/31/2037

NAP

5/24/2022

NAP

6/17/2022

NAP

Fee

NAP

Springing

17,593,844

Base Building Work Reserve ($5,932,952), Outstanding TI/LC Reserve ($7,160,274.31), Outstanding Linkage Fees Reserve ($4,500,617.42)

NAP

Hard

Springing

Yes

46,200,000

485,300,000

2,259,079.93

2,474,141.73

NAP

531,500,000

2,474,141.73

48.8%

1.66

9.3%

NAP

DivcoWest Real Estate Services, LLC, California State Teachers' Retirement System and Teacher Retirement System of Texas

NAP

Refinance

531,500,000

7,497,903

538,997,903

473,876,626

3,334,755

17,593,844

44,192,678

538,997,903

NAP

Loan

Marriott Philadelphia West

5.6%

100.0%

WFB

WFB, AREF2

NAP

111 Crawford Avenue

West Conshohocken

Montgomery

19428

Hospitality

Full Service

1991

2021

289

Rooms

134,867.62

34,000,000

33,979,723

29,784,225

7.15400%

0.019875%

7.13412%

229,730.19

NAP

2,756,762.28

NAP

Amortizing Balloon

Actual/360

120

119

360

359

6/28/2023

8/11/2023

7/11/2033

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

15,006,239

9,426,512

5,579,727

3/31/2023

T-12

14,333,524

8,986,158

5,347,365

12/31/2022

T-12

9,075,195

6,215,273

2,859,922

12/31/2021

T-12

55.1%

15,006,239

9,450,393

5,555,846

750,312

4,805,534

1.76

1.52

14.3%

12.3%

78,400,000

As Is

4/28/2023

49.7%

43.6%

55.1%

3/31/2023

NAP

5/4/2023

NAP

5/4/2023

NAP

Fee

NAP

63,756

31,878

Springing

62,526

311,000

Springing

Seasonality Reserve (Upfront: $311,000, Monthly: Springing); PIP Reserve Funds (Monthly: Springing)

311,000

NAP

Hard

Springing

Yes

33,979,723

4,997,018

33,783.85

263,514.04

NAP

38,976,741

263,514.04

49.7%

1.52

14.3%

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

Refinance

39,000,000

33,348,176

353,900

374,756

4,923,168

39,000,000

1/9/2038

193.78

106.76

55.1%

193.78

106.76

55.1%

189.48

102.09

53.9%

157.19

63.95

40.7%

Loan

Maple Creek Village

4.7%

100.0%

BMO

Group A

NAP

3800 West Michigan Street

Indianapolis

Marion

46222

Multifamily

Garden

1965

2022

247

Units

114,170.04

28,200,000

7.15000%

0.019875%

7.13012%

NAP

170,358.68

NAP

2,044,304.16

Interest Only

Actual/360

120

8/1/2023

9/6/2023

NAP

8/6/2033

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

3,654,891

786,628

2,868,264

5/31/2023

T-12

3,547,518

867,191

2,680,328

12/31/2022

T-12

1,597,166

859,300

737,865

9/30/2021

T-12

97.0%

3,815,030

839,261

2,975,769

49,400

2,926,369

1.46

1.43

10.6%

10.4%

41,000,000

As Is

7/11/2023

68.8%

98.0%

6/15/2023

NAP

7/17/2023

NAP

7/17/2023

NAP

Fee

NAP

56,706

14,176

70,212

8,777

222,300

Springing

222,300

50,380

NAP

Springing

Yes

NAP

Mendel Steiner

Recapitalization

28,200,000

8,945,047

633,603

399,598

2,786,751

15,435,000

28,200,000

NAP

Loan

11 West 42nd Street

4.1%

100.0%

UBS AG, LMF, BANA

UBS AG, LMF

NAP

11 West 42nd Street

New York

10036

Office

CBD

1927

2018

960,568

285.25

25,000,000

7.44000%

0.021125%

7.41887%

NAP

157,152.78

NAP

1,885,833.36

Interest Only

Actual/360

6/30/2023

8/6/2023

NAP

7/6/2028

L(23),YM1(2),DorYM1(28),O(7)

62,683,274

35,986,252

26,697,022

3/31/2023

T-12

61,168,739

34,495,528

26,673,211

12/31/2022

T-12

60,959,925

34,523,645

26,436,280

12/31/2021

T-12

95.0%

70,904,067

39,203,449

31,700,618

192,114

2,881,704

28,626,800

1.53

1.39

11.6%

10.4%

555,000,000

As Is

4/19/2023

49.4%

98.6%

5/1/2023

Michael Kors (USA), Inc

254,485

26.5%

11/30/2023

First-Citizens Bank & Trust Company

153,680

16.0%

5/31/2034

New York University

117,382

12.2%

6/30/2027

Kohn Pedersen Fox Associates, P.C.

92,788

9.7%

4/30/2027

Burberry (Wholesale) Limited

45,509

4.7%

8/31/2037

4/24/2023

NAP

5/19/2023

NAP

Fee

NAP

Springing

288,170

10,000,000

240,142

19,165,251

Outstanding TI/LC Reserve ($13,479,707.20), Free Rent Reserve ($5,685,543.94)

NAP

Hard

Springing

Yes

25,000,000

249,000,000

1,565,241.66

1,722,394.44

NAP

274,000,000

1,722,394.44

49.4%

1.39

11.6%

56,000,000

14.00000%

330,000,000

2,384,801.85

59.5%

1.00

9.6%

NAP

Tishman Speyer Properties, L.P. and Silverstein Properties, LLC

11 West 42 Realty Investors, L.L.C.

Refinance

274,000,000

13,988,916

56,000,000

343,988,916

301,013,950

13,809,715

29,165,251

343,988,916

NAP

Loan

Back Bay Office

4.1%

100.0%

DBNY, GSBI, WFBNA, New York Life Insurance Company, Teachers Insurance and Annuity Association of America

ZBNA

NAP

222 Berkeley Street and 500 Boylston Street

Boston

Suffolk

02116

Office

CBD

1987, 1991

2016-2022

1,283,670

370.03

25,000,000

6.29800%

0.019875%

6.27812%

NAP

133,030.67

NAP

1,596,368.04

Interest Only

Actual/360

6/7/2023

8/6/2023

NAP

7/6/2028

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

99,991,917

36,977,577

63,014,340

3/31/2023

T-12

98,973,331

36,251,075

62,722,256

12/31/2022

T-12

94,773,768

33,234,468

61,539,300

12/31/2021

T-12

93.6%

115,015,445

37,554,805

77,460,640

256,734

77,203,906

2.55

16.3%

1,410,000,000

As Is (Extraordinary Assumption)

10/19/2022

33.7%

95.8%

4/30/2023

Wayfair

356,312

27.8%

12/31/2031

DraftKings Inc.

125,104

9.7%

3/31/2029

Summit Partners

78,587

6.1%

11/30/2033

Cooley

72,165

5.6%

5/31/2032

Skadden Arps Slate Meagher

47,722

3.7%

2/28/2029

11/15/2022

NAP

10/31/2022

NAP

Fee

NAP

Springing

26,723,400

Springing

31,137,229

Outstanding TI/LC Reserve ($21,283,070), Free Rent Reserve ($9,854,159)

NAP

Hard

Springing

Yes

25,000,000

450,000,000

2,394,552.08

2,527,582.75

65,000,000

8.20000%

540,000,000

2,977,918.40

38.3%

2.16

14.3%

40,000,000

10.12500%

580,000,000

3,320,105.90

41.1%

1.94

13.4%

NAP

JPMorgan Chase Bank, N.A., J.P. Morgan Investment Management Inc., OMERS Administration Corporation, and OPG Investment Holdings (US), LLC

OPG Investment Holdings (US), LLC

Refinance

475,000,000

41,583,604

105,000,000

621,583,604

546,966,371

16,756,604

57,860,629

621,583,604

NAP

Loan

Four Springs Net Lease Portfolio

3.7%

GACC

NAP

Various

Industrial

Various

1,316,654

54.84

22,200,000

5.93500%

0.019875%

5.91512%

NAP

111,322.47

NAP

1,335,869.64

Interest Only

Actual/360

120

119

120

119

6/14/2023

8/6/2023

NAP

7/6/2033

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

8,773,088

470,795

8,302,293

3/31/2023

T-12

8,754,035

458,683

8,295,352

12/31/2022

T-12

6,417,045

364,230

6,052,815

12/31/2021

T-12

95.0%

11,122,214

2,960,371

8,161,843

1.88

11.3%

132,057,000

As Is Portfolio

3/15/2023

54.7%

100.0%

6/14/2023

Springing

2,000,000

Springing

Low DSCR Cure Deposit Reserve

NAP

Hard

Springing

Yes

22,200,000

50,000,000

250,726.27

362,048.74

NAP

72,200,000

362,048.74

54.7%

1.88

11.3%

NAP

Four Springs Capital Trust

Yes

Refinance

72,200,000

37,374,922

4,889,338

2,000,000

27,935,740

72,200,000

NAP

9.01

Property

8271 Anderson Court

0.4%

10.7%

8271 Anderson Court

Odenton

Anne Arundel

21113

Industrial

Cold Storage

2001

NAP

70,000

2,382,380

NAV

13,600,000

As Is

3/14/2023

100.0%

6/14/2023

Yes

Dominos

70,000

100.0%

8/31/2037

NAP

3/27/2023

NAP

3/27/2023

NAP

Fee

NAP

9.02

Property

1313 & 1422 Campbell Street

0.4%

9.7%

1313 & 1422 Campbell Street

Toledo

Lucas

43607

Industrial

Warehouse / Distribution

1958

2020

227,028

2,154,661

NAV

12,300,000

As Is

3/14/2023

100.0%

6/14/2023

Yes

Brenntag

227,028

100.0%

9/30/2035

NAP

3/27/2023

NAP

3/27/2023

NAP

Fee

NAP

9.03

Property

3310 Greensburg Road

0.3%

8.8%

3310 Greensburg Road

North Canton

Summit

44720

Industrial

Warehouse / Manufacturing

2019

NAP

119,856

1,961,963

NAV

11,200,000

As Is

3/14/2023

100.0%

6/14/2023

Yes

Stucki

119,856

100.0%

8/31/2034

NAP

3/27/2023

NAP

3/27/2023

NAP

Fee

NAP

9.04

Property

2495 Doctor F. E. Wright Drive

0.3%

8.4%

2495 Doctor F. E. Wright Drive

Jackson

Madison

38305

Industrial

Warehouse / Distribution

1992

2017

163,000

1,874,393

NAV

10,700,000

As Is

3/14/2023

100.0%

6/14/2023

Yes

Mighty Distributing

163,000

100.0%

12/23/2034

NAP

3/27/2023

NAP

3/27/2023

NAP

Fee

NAP

9.05

Property

700 Stephenson Highway

0.2%

6.1%

700 Stephenson Highway

Troy

Oakland

48083

Industrial

Flex

1980

2014

29,179

1,355,860

NAV

7,740,000

As Is

3/13/2023

100.0%

6/14/2023

Yes

Continental Services

29,179

100.0%

4/30/2032

NAP

3/27/2023

NAP

3/27/2023

NAP

Fee

NAP

9.06

Property

7850 Haggerty Road

0.2%

5.5%

7850 Haggerty Road

Van Buren

Wayne

48111

Industrial

Warehouse / Distribution

1994

2017

68,499

1,210,453

NAV

6,910,000

As Is

3/13/2023

100.0%

6/14/2023

Yes

Continental Services

68,499

100.0%

5/24/2030

NAP

3/27/2023

NAP

3/27/2023

NAP

Fee

NAP

9.07

Property

4125 State Route 22

0.2%

5.3%

4125 State Route 22

Plattsburgh

Clinton

12901

Industrial

Warehouse / Distribution

1980

NAP

59,029

1,180,689

NAV

6,740,000

As Is

3/13/2023

100.0%

6/14/2023

Yes

NYSEG

59,029

100.0%

12/5/2030

NAP

3/27/2023

NAP

3/27/2023

NAP

Fee

NAP

9.08

Property

4400 South 76th Circle

0.2%

5.2%

4400 South 76th Circle

Omaha

Douglas

68127

Industrial

Warehouse / Distribution

1964

2019

80,000

1,156,153

NAV

6,600,000

As Is

3/14/2023

100.0%

6/14/2023

Yes

International Paper

80,000

100.0%

2/28/2029

NAP

3/27/2023

NAP

3/27/2023

NAP

Fee

NAP

9.09

Property

8400 Green Meadows Drive

0.2%

4.9%

8400 Green Meadows Drive

Lewis Center

Delaware

43035

Industrial

Manufacturing / Warehouse

1983-1988

2016

85,548

1,091,336

NAV

6,230,000

As Is

3/20/2023

100.0%

6/14/2023

Yes

Abrasive Tech

85,548

100.0%

9/30/2041

NAP

3/27/2023

NAP

3/27/2023

NAP

Fee

NAP

9.10

Property

1817 Masters Avenue

0.2%

4.9%

1817 Masters Avenue

Ashland

44805

Industrial

Warehouse

1962

2015

102,500

1,086,078

NAV

6,200,000

As Is

3/14/2023

100.0%

6/14/2023

Yes

Liquibox

102,500

100.0%

2/28/2041

NAP

3/27/2023

NAP

3/27/2023

NAP

Fee

NAP

9.11

Property

8760 Mississippi Street

0.2%

4.1%

8760 Mississippi Street

Merrillville

Lake

46410

Industrial

Manufacturing / Warehouse

2020

NAP

26,500

909,155

NAV

5,190,000

As Is

3/15/2023

100.0%

6/14/2023

Yes

Super Products

26,500

100.0%

12/31/2030

NAP

3/27/2023

NAP

3/27/2023

NAP

Fee

NAP

9.12

Property

35710 Mound Road

0.1%

3.7%

35710 Mound Road

Sterling Heights

Macomb

48310

Industrial

Warehouse / Distribution

2000

NAP

43,750

812,821

NAV

4,640,000

As Is

3/13/2023

100.0%

6/14/2023

Yes

Continental Services

43,750

100.0%

5/24/2030

NAP

3/27/2023

NAP

3/27/2023

NAP

Fee

NAP

9.13

Property

819 North Jefferson Avenue

0.1%

3.3%

819 North Jefferson Avenue

St. Louis

63106

Industrial

Warehouse / Distribution

1997

2016

47,840

730,478

NAV

4,170,000

As Is

3/15/2023

100.0%

6/14/2023

Yes

MedCo

47,840

100.0%

12/31/2027

NAP

3/27/2023

NAP

3/27/2023

NAP

Fee

NAP

9.14

Property

2435 Prairie Road

0.1%

3.1%

2435 Prairie Road

Eugene

Lane

97402

Industrial

Warehouse

1978, 1983

2021

27,868

691,951

NAV

3,950,000

As Is

3/15/2023

100.0%

6/14/2023

Yes

Equipment Share

27,868

100.0%

9/27/2036

NAP

3/27/2023

NAP

3/27/2023

NAP

Fee

NAP

9.15

Property

199 and 203 Finley Road

0.1%

3.1%

199 and 203 Finley Road

Belle Vernon

Westmoreland

15012

Industrial

Warehouse

1972, 1986

2021

21,026

683,188

NAV

3,900,000

As Is

3/14/2023

100.0%

6/14/2023

Yes

Equipment Share

21,026

100.0%

9/27/2036

NAP

3/27/2023

NAP

3/27/2023

NAP

Fee

NAP

9.16

Property

50-100 Frontier Way

0.1%

2.6%

50-100 Frontier Way

Bensenville

DuPage

60106

Industrial

Warehouse

1989

NAP

27,153

569,329

NAV

3,250,000

As Is

3/13/2023

100.0%

6/14/2023

Yes

Commercial Food Service Repair

27,153

100.0%

8/30/2036

NAP

3/27/2023

NAP

3/27/2023

NAP

Fee

NAP

9.17

Property

11686 Upper River Road

0.1%

2.4%

11686 Upper River Road

Athens

45701

Industrial

Warehouse

2019

NAP

6,566

543,039

NAV

3,100,000

As Is

3/15/2023

100.0%

6/14/2023

Yes

Columbia Gas

6,566

100.0%

8/31/2039

NAP

3/27/2023

NAP

3/27/2023

NAP

Yes - AE

Fee

NAP

9.18

Property

1175 Bowes Road

0.1%

2.3%

1175 Bowes Road

Elgin

Kane

60123

Industrial

Warehouse / Manufacturing

1999

NAP

40,860

520,286

NAV

2,970,000

As Is

3/20/2023

100.0%

6/14/2023

Yes

Abrasive Tech

40,860

100.0%

9/30/2041

NAP

3/27/2023

NAP

3/27/2023

NAP

Fee

NAP

9.19

Property

3251 Gila Ridge Road

0.1%

1.9%

3251 Gila Ridge Road

Yuma

85365

Industrial

Warehouse / Distribution

1992

2021

10,900

429,180

NAV

2,450,000

As Is

3/13/2023

100.0%

6/14/2023

Yes

Equipment Share

10,900

100.0%

9/28/2036

NAP

3/27/2023

NAP

3/27/2023

NAP

Fee

NAP

9.20

Property

2465 North 22nd Street

0.1%

1.4%

2465 North 22nd Street

Decatur

Macon

62526

Industrial

Flex

2006

NAP

16,912

306,557

NAV

1,750,000

As Is

3/15/2023

100.0%

6/14/2023

Yes

Commercial Food Service Repair

16,912

100.0%

8/30/2036

NAP

3/27/2023

NAP

3/27/2023

NAP

Fee

NAP

9.21

Property

104 South Scenic Highway

0.0%

1.3%

104 South Scenic Highway

Lake Wales

Polk

33853

Industrial

Warehouse

1973

2015

27,000

280,267

NAV

1,600,000

As Is

3/14/2023

100.0%

6/14/2023

Yes

LiquiBox

27,000

100.0%

2/28/2041

NAP

3/27/2023

NAP

3/27/2023

NAP

Fee

NAP

9.22

Property

3519 Wayland Drive

0.0%

1.2%

3519 Wayland Drive

Jackson

49202

Industrial

Warehouse / Distribution

1970

2018

15,640

269,782

NAV

1,540,000

As Is

3/13/2023

100.0%

6/14/2023

Yes

Continental Services

15,640

100.0%

4/30/2032

NAP

3/27/2023

NAP

3/27/2023

NAP

Fee

NAP

Loan

Cincinnati Multifamily Portfolio II

3.5%

BMO

Group A

NAP

Various

Cincinnati

Hamilton

Various

Multifamily

Garden

Various

2020-2022

212

Units

99,056.60

21,000,000

7.03000%

0.019875%

7.01012%

NAP

124,733.68

NAP

1,496,804.16

Interest Only

Actual/360

120

119

120

119

6/16/2023

8/6/2023

NAP

7/6/2033

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

2,704,864

616,570

2,088,294

3/31/2023

T-12

2,670,580

640,449

2,030,131

12/31/2022

T-12

2,474,143

686,122

1,788,021

12/31/2021

T-12

97.5%

2,830,352

652,732

2,177,620

42,400

2,135,220

1.45

1.43

10.4%

10.2%

32,150,000

As Is

6/5/2023

65.3%

97.6%

5/31/2023

17,233

8,617

Springing

212,000

Springing

212,000

45,700

61,250

Radon Testing Reserve

NAP

Springing

Yes

NAP

Mendel Steiner

Recapitalization

21,000,000

5,750,000

26,750,000

12,424,480

598,961

336,183

7,640,376

5,750,000

26,750,000

NAP

10.01

Property

Valley Hill Apartments

1.5%

42.3%

2156-2175 Karla Drive

Cincinnati

Hamilton

45211

Multifamily

Garden

1966

2020-2022

Units

8,883,359

NAV

13,600,000

As Is

6/5/2023

97.5%

5/31/2023

NAP

6/6/2023

NAP

6/6/2023

NAP

Fee

NAP

10.02

Property

Hillview Apartments

0.8%

22.9%

2880-2888 Harrison Avenue

Cincinnati

Hamilton

45211

Multifamily

Garden

1961, 1973

2020-2022

Units

4,800,933

NAV

7,350,000

As Is

6/5/2023

98.4%

5/31/2023

NAP

6/6/2023

NAP

6/7/2023

NAP

Fee

NAP

10.03

Property

Kings Pointe Apartments

0.7%

20.2%

3515 McHenry Avenue

Cincinnati

Hamilton

45225

Multifamily

Garden

1971

2020-2022

Units

4,245,723

NAV

6,500,000

As Is

6/5/2023

97.2%

5/31/2023

NAP

6/6/2023

NAP

6/8/2023

NAP

Fee

NAP

10.04

Property

Hillcrest Apartments

0.5%

14.6%

2743-2749 Harrison Avenue

Cincinnati

Hamilton

45211

Multifamily

Garden

1956, 1971

2020-2022

Units

3,069,984

NAV

4,700,000

As Is

6/5/2023

96.9%

5/31/2023

NAP

6/6/2023

NAP

6/6/2023

NAP

Fee

NAP

Loan

Apollo Point III Apartments

3.4%

100.0%

UBS AG

NAP

1293 Lions Gate Road

Bloomsburg

Columbia

17815

Multifamily

Garden

2011

2020-2021

176

Units

116,477.27

20,500,000

7.00880%

0.019875%

6.98892%

NAP

121,396.63

NAP

1,456,759.56

Interest Only

Actual/360

120

7/27/2023

9/6/2023

NAP

8/6/2033

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

3,798,678

1,667,234

2,131,444

5/31/2023

T-12

3,756,745

1,593,588

2,163,157

12/31/2022

T-12

NAV

92.8%

4,064,194

1,568,483

2,495,711

49,456

2,446,255

1.71

1.68

12.2%

11.9%

33,200,000

As Is

3/22/2023

61.7%

92.6%

6/30/2023

NAP

3/28/2023

NAP

3/28/2023

NAP

Fee

NAP

35,696

22,310

69,225

12,362

4,121

50,169

5,357

Condominium Common Charge Funds Reserve

NAP

Springing

Yes

NAP

Yes

Future Mezzanine Loan

Gregory A. Sarangoulis

Refinance

20,500,000

18,914,133

643,336

160,447

782,083

20,500,000

NAP

Loan

J&O Industrial Facility

3.3%

100.0%

GSBI

GSMC

NAP

7400 & 7500 Excelsior Boulevard and 3964 & 3985 Meadowbrook Road

St. Louis Park

Hennepin

55426

Industrial

Manufacturing

1956, 1988, 2016

2016

701,062

66.30

20,000,000

6.98500%

0.019875%

6.96512%

NAP

118,033.56

NAP

1,416,402.72

Interest Only

Actual/360

120

118

120

118

6/1/2023

7/6/2023

NAP

6/6/2033

L(26),DorYM1(87),O(7)

NAV

95.0%

6,215,287

1,243,057

4,972,230

105,159

175,266

4,691,805

1.51

1.43

10.7%

10.1%

71,600,000

As Is

5/2/2023

64.9%

100.0%

7/6/2023

Yes

Japs-Olson

701,062

100.0%

5/25/2043

NAP

3/15/2023

NAP

5/22/2023

NAP

Fee

NAP

Springing

140,212

Springing

701,062

NAP

Hard

Springing

Yes

20,000,000

26,480,000

156,276.44

274,310.00

NAP

46,480,000

274,310.00

64.9%

1.43

10.7%

NAP

Yes

Future Mezzanine Loan

AG Net Lease IV (Q) Corp., AG Net Lease IV Corp. and AG Net Lease Realty Fund IV Investments (H-1), L.P.

Acquisition

46,480,000

25,557,203

72,037,203

71,200,000

837,203

72,037,203

NAP

Loan

Brier Creek Commons

3.3%

100.0%

ZBNA

NAP

8811, 8331, 8341, 8011, 8161 and 8115 Brier Creek Parkway and 10370 Lumley Road

Raleigh

Wake

27617

Retail

Anchored

2001

NAP

519,277

163.34

20,000,000

19,957,366

17,407,658

6.91000%

0.019875%

6.89012%

131,853.83

NAP

1,582,245.96

NAP

Amortizing Balloon

Actual/360

120

117

360

357

4/20/2023

6/6/2023

5/6/2033

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

12,113,647

3,462,674

8,650,973

2/28/2023

T-12

12,145,468

3,575,672

8,569,797

12/31/2022

T-12

11,715,014

3,235,682

8,479,332

12/31/2021

T-12

95.0%

12,422,790

3,616,139

8,806,651

77,892

298,584

8,430,175

1.31

1.25

10.4%

9.9%

136,200,000

As Is

3/22/2023

62.3%

54.3%

98.5%

4/1/2023

BJ's Wholesale Club

108,532

20.9%

9/16/2026

Dick's Sporting Goods

45,000

8.7%

1/31/2028

Ross Dress for Less

30,064

5.8%

1/31/2028

TJ Maxx

30,000

5.8%

4/30/2032

HomeGoods

25,000

4.8%

4/30/2032

3/24/2023

NAP

3/28/2023

NAP

Fee

NAP

752,049

83,561

Springing

6,491

28,128

1,250,000

58,333

Rent Concession Reserve Fund

NAP

Springing

Yes

19,957,366

64,861,440

428,524.94

560,378.77

NAP

84,818,806

560,378.77

62.3%

1.25

10.4%

NAP

Maria Beatrice Countess Arco

AAC Consolidated Properties, LLC

Refinance

85,000,000

70,400,945

1,457,492

810,382

2,060,070

10,271,111

85,000,000

NAP

Loan

HIE Gatlinburg

3.1%

100.0%

AREF2

NAP

322 Historic Nature Trail

Gatlinburg

Sevier

37738

Hospitality

Limited Service

2016

NAP

113

Rooms

167,165.13

18,900,000

18,889,660

16,672,697

7.42500%

0.019875%

7.40512%

131,182.27

NAP

1,574,187.24

NAP

Amortizing Balloon

Actual/360

120

119

360

359

6/30/2023

8/6/2023

7/6/2033

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

7,076,230

4,181,014

2,895,216

5/31/2023

T-12

6,858,302

3,972,650

2,885,652

12/31/2022

T-12

6,419,281

3,822,284

2,596,997

12/31/2021

T-12

81.3%

7,076,230

4,190,781

2,885,449

283,049

2,602,400

1.83

1.65

15.3%

13.8%

28,500,000

As Is

4/11/2023

66.3%

58.5%

81.3%

5/31/2023

NAP

4/24/2023

NAP

4/24/2023

NAP

Fee

NAP

38,106

6,351

14,473

4,824

23,587

487,043

PIP Reserve

NAP

Hard

Springing

Yes

NAP

Hardikkumar Patel

Acquisition

18,900,000

10,142,619

29,042,619

28,000,000

502,997

539,622

29,042,619

6/30/2038

198.15

161.07

81.3%

198.15

161.07

81.3%

198.54

157.97

79.6%

187.14

149.78

80.0%

Loan

Midwest Anchor Retail Portfolio

2.6%

AREF2

NAP

Various

Retail

Anchored

Various

456,305

35.06

16,000,000

14,053,761

7.26300%

0.019875%

7.24312%

109,289.32

NAP

1,311,471.84

NAP

Amortizing Balloon

Actual/360

120

360

7/25/2023

9/6/2023

8/6/2033

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

2,526,657

1,166,035

1,360,622

3/31/2023

T-12

2,452,556

1,165,319

1,287,237

12/31/2022

T-12

2,496,824

1,089,338

1,407,486

12/31/2021

T-12

81.3%

3,150,426

1,175,390

1,975,037

101,814

228,153

1,645,070

1.51

1.25

12.3%

10.3%

25,990,000

As Is

Various

61.6%

54.1%

82.1%

7/14/2023

60,803

30,401

46,126

5,125

8,366

300,000

19,013

750,000

343,863

1,421,011

Outstanding TI/LC Reserve ($1,289,811.25), Free Rent Reserve ($131,200)

NAP

Springing

Yes

NAP

Yes

Future Mezzanine Loan

William E. Watch, Warren C. Terrace, The William Watch Living Trust, dated December 7, 1995 and The Warren Terrace Living Trust, dated November 1, 1995

Refinance

16,000,000

603,796

16,603,796

13,311,413

1,120,580

2,171,802

16,603,796

NAP

15.01

Property

Eastgate Plaza

0.8%

31.7%

2100 Harding Highway

Lima

Allen

45804

Retail

Anchored

1974

NAP

194,679

5,072,924

4,455,854

580,215

426,053

154,162

3/31/2023

T-12

541,010

412,758

128,252

12/31/2022

T-12

562,349

398,717

163,632

12/31/2021

T-12

70.5%

1,073,155

437,896

635,258

38,936

97,340

498,983

8,300,000

As Is

4/26/2023

74.0%

7/14/2023

Gabe's

60,000

30.8%

10/31/2033

Big Lots

32,165

16.5%

1/31/2025

Harbor Freight

14,000

7.2%

11/30/2028

Readmore's Hallmark

7,947

4.1%

5/31/2024

Goodwill Eastr Sls

7,150

3.7%

10/31/2024

5/9/2023

NAP

5/9/2023

NAP

Fee

NAP

15.02

Property

Mt. Morris Twp

0.7%

27.6%

7190 North Saginaw Street

Mount Morris

Genesee

48458

Retail

Anchored

1980

2001

71,648

4,412,290

3,875,579

717,318

180,565

536,753

3/31/2023

T-12

668,256

174,145

494,111

12/31/2022

T-12

681,737

133,080

548,657

12/31/2021

T-12

100.0%

700,193

182,520

517,673

14,330

35,824

467,519

6,900,000

As Is

5/2/2023

100.0%

7/14/2023

Kroger

46,968

65.6%

11/30/2025

Dollar Tree

8,919

12.4%

1/31/2028

Reliant Renal Care-MI, LLC

7,761

10.8%

12/31/2024

Rent-A-Center

3,500

4.9%

6/30/2025

The Smoke Shop of Mt. Morris

1,500

2.1%

6/30/2028

5/9/2023

NAP

5/9/2023

NAP

Fee

NAP

15.03

Property

Royal Town Center Shopping Center

0.7%

27.2%

8888 and 8890-8914 West 8 Mile Road

Ferndale

Oakland

48220

Retail

Anchored

1995

NAP

52,703

4,345,653

3,817,048

889,799

351,041

538,758

3/31/2023

T-12

915,193

391,529

523,664

12/31/2022

T-12

947,110

379,362

567,748

12/31/2021

T-12

85.0%

853,088

338,768

514,320

14,230

26,352

473,739

7,340,000

As Is

5/2/2023

85.1%

7/14/2023

Dollar Tree

10,004

19.0%

6/30/2026

AutoZone, Inc

7,500

14.2%

12/31/2025

Laundromat Palace

4,355

8.3%

2/28/2028

VIP Wear

4,000

7.6%

12/31/2024

Americas Best

3,850

7.3%

5/31/2025

5/9/2023

NAP

5/8/2023

NAP

Fee

NAP

15.04

Property

Summit Shopping Center

0.4%

13.6%

1110-1150 Shannon Street

Van Wert

45891

Retail

Anchored

1968

NAP

137,275

2,169,133

1,905,280

339,325

208,376

130,949

3/31/2023

T-12

328,097

186,887

141,210

12/31/2022

T-12

305,628

178,178

127,450

12/31/2021

T-12

80.9%

523,990

216,205

307,785

34,319

68,638

204,829

3,450,000

As Is

4/26/2023

83.0%

7/14/2023

Tractor Supply Co.

48,638

35.4%

2/29/2032

Ollie's Bargain Outlet

24,000

17.5%

9/30/2032

Ruler Foods

19,707

14.4%

4/30/2026

Rent-A-Center

6,000

4.4%

2/29/2024

A. J. Sweepstakes

5,600

4.1%

10/31/2023

5/9/2023

NAP

5/9/2023

NAP

Fee

NAP

Loan

Courtyard by Marriott, DFW Airport North

2.4%

100.0%

BMO

NAP

4949 Regent Boulevard

Irving

Dallas

75063

Hospitality

Full Service

1997

2019-2023

153

Rooms

95,588.24

14,625,000

13,872,937

7.12500%

0.019875%

7.10512%

98,531.33

88,041.99

1,182,375.96

1,056,503.88

Interest Only, Amortizing Balloon

Actual/360

120

360

7/24/2023

9/6/2023

9/6/2028

8/6/2033

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

7,114,560

4,595,211

2,519,349

5/31/2023

T-12

6,825,720

4,389,806

2,435,914

12/31/2022

T-12

4,808,553

3,600,696

1,207,857

12/31/2021

T-12

79.8%

7,072,769

4,681,740

2,391,029

282,911

2,108,118

2.02

1.78

16.3%

14.4%

24,400,000

As Is

5/26/2023

59.9%

56.9%

80.3%

5/31/2023

NAP

7/3/2023

NAP

7/3/2023

NAP

Fee

NAP

290,700

36,337

20,834

10,417

Springing

2,750,000

10,000

PIP Reserve (Upfront: $2,750,000), Seasonality Reserve (Monthly: $10,000)

NAP

Hard

Springing

Yes

NAP

Rohit Kumar and Nidhi Tuli

Acquisition

7/24/2043

142.24

113.51

79.8%

142.09

114.17

80.3%

135.12

109.43

81.0%

107.05

76.87

71.8%

Loan

Cambria Phoenix Chandler

2.3%

100.0%

AREF2

NAP

3165 West Frye Road

Chandler

Maricopa

85226

Hospitality

Full Service

2018

NAP

136

Rooms

102,941.18

14,000,000

12,532,608

7.29000%

0.019875%

7.27012%

95,884.81

86,231.25

1,150,617.72

1,034,775.00

Interest Only, Amortizing Balloon

Actual/360

120

360

7/21/2023

9/6/2023

9/6/2024

8/6/2033

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

6,296,318

4,149,851

2,146,467

6/30/2023

T-12

5,767,749

3,701,405

2,066,344

12/31/2022

T-12

4,332,495

3,082,848

1,249,647

12/31/2021

T-12

82.7%

6,296,318

4,153,794

2,142,524

251,853

1,890,671

1.86

1.64

15.3%

13.5%

21,500,000

As Is

4/26/2023

65.1%

58.3%

82.7%

6/30/2023

NAP

7/19/2023

NAP

12/19/2022

NAP

Fee

NAP

83,034

16,607

18,826

3,765

20,988

524,820

Springing

PIP Reserve (Upfront: $329,820), Seasonality Reserve (Upfront: $195,000, Monthly: Springing)

NAP

Hard

Springing

Yes

NAP

Anthony M. Re and Steven L. Re

Acquisition

6/30/2045

143.70

118.81

82.7%

143.70

118.81

82.7%

133.98

108.79

81.2%

109.84

82.27

74.9%

Loan

Stoney Creek Hotel - Broken Arrow

2.0%

100.0%

BMO

NAP

200 & 400 West Albany Street

Broken Arrow

Tulsa

74012

Hospitality

Full Service

2017

NAP

177

Rooms

69,491.53

12,300,000

11,454,793

7.71000%

0.019875%

7.69012%

87,778.96

80,125.10

1,053,347.52

961,501.20

Interest Only, Amortizing Balloon

Actual/360

120

360

7/13/2023

9/6/2023

9/6/2026

8/6/2033

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

6,711,560

4,758,217

1,953,343

4/30/2023

T-12

6,400,813

4,288,464

2,112,349

12/31/2022

T-12

5,218,317

3,494,640

1,723,677

12/31/2021

T-12

58.5%

6,841,216

4,895,789

1,945,427

273,649

1,671,779

1.85

1.59

15.8%

13.6%

19,500,000

As Is

6/1/2023

63.1%

58.7%

57.7%

4/30/2023

NAP

6/6/2023

NAP

6/6/2023

NAP

Leasehold

12/2/2092

1, 24-year extension option

156,539

26,090

Springing

22,804

4,538

32,500

Springing

Seasonality Reserve

32,500

NAP

Hard

Springing

Yes

NAP

Stoney Creek Hospitality Corporation

SCI Lodging Group, L.L.C.

Refinance

NAP

118.55

69.35

58.5%

117.94

68.10

57.7%

115.65

65.22

56.4%

113.97

55.17

48.4%

Loan

Clifton Industrial

1.8%

100.0%

LMF

NAP

140 Delawanna Avenue

Clifton

Passaic

07014

Industrial

Warehouse

1962

NAP

78,000

138.46

10,800,000

7.59000%

0.019875%

7.57012%

NAP

69,258.75

NAP

831,105.00

Interest Only

Actual/360

120

7/28/2023

9/6/2023

NAP

8/6/2033

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

NAV

95.0%

1,370,999

192,359

1,178,640

3,900

7,800

1,166,940

1.42

1.40

10.9%

10.8%

16,300,000

As Is

6/9/2023

66.3%

100.0%

7/28/2023

Yes

EDNJ, Inc.

78,000

100.0%

7/31/2032

NAP

6/9/2023

NAP

6/8/2023

NAP

Fee

NAP

11,792

11,230

4,785

2,279

325

650

11,700

NAP

Springing

Yes

NAP

Yes

Future Mezzanine Loan

Chaim Weiss

Refinance

NAP

Loan

Novolex Portfolio

1.7%

GSBI, DBRI

GSMC

NAP

Various

Industrial

Various

2,516,274

49.68

10,500,000

6.22650%

0.019875%

6.20662%

NAP

55,238.57

NAP

662,862.84

Interest Only

Actual/360

120

118

120

118

5/19/2023

7/6/2023

NAP

6/6/2033

L(23),YM1(3),DorYM1(87),O(7)

NAV

95.0%

15,224,795

456,744

14,768,052

452,929

14,315,122

1.87

1.81

11.8%

11.5%

207,300,000

As Is

4/1/2023

60.3%

100.0%

7/6/2023

Springing

22,673,820

Springing

22,673,820

Springing

EIL Policy Reserve

NAP

Hard

Springing

Yes

10,500,000

114,500,000

602,363.43

657,602.00

NAP

125,000,000

657,602.00

60.3%

1.81

11.8%

NAP

New Mountain Net Lease Partners II Corporation

Recapitalization

NAP

20.01

Property

2000 Commerce Center Drive

0.2%

11.9%

2000 Commerce Center Drive

Franklin

Warren

45005

Industrial

Manufacturing / Warehouse

2003

NAP

275,345

1,251,085

NAV

24,700,000

As Is

3/13/2023

100.0%

7/6/2023

Yes

Novolex

275,345

100.0%

2/14/2043

NAP

12/16/2022

NAP

12/13/2022

NAP

Fee

NAP

20.02

Property

1200 Northrop Road

0.2%

8.8%

1200 Northrop Road

Meriden

New Haven

06450

Industrial

Warehouse / Distribution

1987

2021-2022

145,819

926,917

NAV

18,300,000

As Is

3/8/2023

100.0%

7/6/2023

Yes

Novolex

145,819

100.0%

2/14/2043

NAP

12/15/2022

NAP

12/12/2022

NAP

Fee

NAP

20.03

Property

3400 Bagcraft Boulevard

0.1%

8.1%

3400 Bagcraft Boulevard

Baxter Springs

Cherokee

66713

Industrial

Manufacturing

1994

NAP

272,330

848,408

NAV

16,750,000

As Is

3/8/2023

100.0%

7/6/2023

Yes

Novolex

272,330

100.0%

2/14/2043

NAP

12/16/2022

NAP

12/14/2022

NAP

Fee

NAP

20.04

Property

690 Unisia Drive

0.1%

7.9%

690 Unisia Drive

Monroe

Walton

30655

Industrial

Manufacturing

2001

NAP

160,925

825,615

NAV

16,300,000

As Is

3/13/2023

100.0%

7/6/2023

Yes

Novolex

160,925

100.0%

2/14/2043

NAP

12/19/2022

NAP

12/15/2022

NAP

Fee

NAP

20.05

Property

800 Koomey Road

0.1%

7.5%

800 Koomey Road

Brookshire

Waller

77423

Industrial

Manufacturing

1983

2023

151,748

785,094

NAV

15,500,000

As Is

3/16/2023

100.0%

7/6/2023

Yes

Novolex

151,748

100.0%

2/14/2043

NAP

12/19/2022

NAP

12/15/2022

NAP

Fee

NAP

20.06

Property

3900 West 43rd Street

0.1%

7.1%

3900 West 43rd Street

Chicago

Cook

60632

Industrial

Manufacturing

1956

1967

147,117

744,573

NAV

14,700,000

As Is

3/17/2023

100.0%

7/6/2023

Yes

Novolex

147,117

100.0%

2/14/2043

NAP

12/19/2022

NAP

12/14/2022

NAP

Fee

NAP

20.07

Property

540 West Nez Perce

0.1%

6.6%

540 West Nez Perce

Jerome

83338

Industrial

Manufacturing / Warehouse

1973, 2004

NAP

187,617

693,922

NAV

13,700,000

As Is

3/15/2023

100.0%

7/6/2023

Yes

Novolex

187,617

100.0%

2/14/2043

NAP

12/12/2022

NAP

12/15/2022

NAP

Fee

NAP

20.08

Property

4255 Thunderbird Lane

0.1%

6.4%

4255 Thunderbird Lane

West Chester

Butler

45014

Industrial

Manufacturing

1991, 2000, 2013

NAP

195,280

676,194

NAV

13,350,000

As Is

3/13/2023

100.0%

7/6/2023

Yes

Novolex

195,280

100.0%

2/14/2043

NAP

2/16/2023

NAP

2/16/2023

NAP

Fee

NAP

20.09

Property

1001 North Madison Avenue

0.1%

6.0%

1001 North Madison Avenue

North Vernon

Jennings

47265

Industrial

Manufacturing

1959

1999

167,926

630,608

NAV

12,450,000

As Is

3/16/2023

100.0%

7/6/2023

Yes

Novolex

167,926

100.0%

2/14/2043

NAP

12/15/2022

NAP

12/15/2022

NAP

Fee

NAP

20.10

Property

17153 Industrial Highway

0.1%

5.5%

17153 Industrial Highway

Caldwell

Noble

43724

Industrial

Manufacturing

1958, 1995, 2002

2001

123,120

572,359

NAV

11,300,000

As Is

3/14/2023

100.0%

7/6/2023

Yes

Novolex

123,120

100.0%

2/14/2043

NAP

12/16/2022

NAP

12/15/2022

NAP

Fee

NAP

20.11

Property

999 North Madison Avenue

0.1%

4.2%

999 North Madison Avenue

North Vernon

Jennings

47265

Industrial

Manufacturing

2005

NAP

114,509

443,198

NAV

8,750,000

As Is

3/16/2023

100.0%

7/6/2023

Yes

Novolex

114,509

100.0%

2/14/2043

NAP

12/15/2022

NAP

12/15/2022

NAP

Fee

NAP

20.12

Property

407 Sangamore Road

0.1%

4.1%

407 Sangamore Road

Bremen

Haralson

30110

Industrial

Manufacturing

1975-2000

NAP

144,060

430,535

NAV

8,500,000

As Is

3/13/2023

100.0%

7/6/2023

Yes

Novolex

144,060

100.0%

2/14/2043

NAP

12/19/2022

NAP

12/16/2022

NAP

Fee

NAP

20.13

Property

88 Nesbitt Drive

0.1%

4.1%

88 Nesbitt Drive

Holley

Orleans

14470

Industrial

Manufacturing

2002

2003, 2006, 2010

120,101

430,535

NAV

8,500,000

As Is

3/9/2023

100.0%

7/6/2023

Yes

Novolex

120,101

100.0%

2/14/2043

NAP

12/15/2022

NAP

12/15/2022

NAP

Fee

NAP

20.14

Property

310 Hartmann Drive

0.1%

3.3%

310 Hartmann Drive

Lebanon

Wilson

37087

Industrial

Warehouse / Distribution

1968

1986, 1999

84,221

349,494

NAV

6,900,000

As Is

3/15/2023

100.0%

7/6/2023

Yes

Novolex

84,221

100.0%

2/14/2043

NAP

12/19/2022

NAP

12/16/2022

NAP

Fee

NAP

20.15

Property

101 Commerce Drive

0.1%

3.3%

101 Commerce Drive

Mount Vernon

Knox

43050

Industrial

Manufacturing

1972, 1991

NAP

82,103

346,961

NAV

6,850,000

As Is

3/14/2023

100.0%

7/6/2023

Yes

Novolex

82,103

100.0%

2/14/2043

NAP

12/16/2022

NAP

12/10/2022

NAP

Fee

NAP

20.16

Property

620 Hardin Street

0.1%

2.9%

620 Hardin Street

Coldwater

Mercer

45828

Industrial

Manufacturing

1997

NAP

74,369

308,972

NAV

6,100,000

As Is

3/15/2023

100.0%

7/6/2023

Yes

Novolex

74,369

100.0%

2/14/2043

NAP

12/16/2022

NAP

12/8/2022

NAP

Fee

NAP

20.17

Property

3100 East Richmond Street

0.0%

2.2%

3100 East Richmond Street

Shawano

54166

Industrial

Manufacturing

1983

1993, 2013

69,684

235,528

NAV

4,650,000

As Is

3/15/2023

100.0%

7/6/2023

Yes

Novolex

69,684

100.0%

2/14/2043

NAP

12/19/2022

NAP

12/14/2022

NAP

Fee

NAP

Loan

Meadowbrook Marketplace

1.7%

100.0%

GSBI

GSMC

NAP

601-921 Meadowbrook Road

Waukesha

53188

Retail

Anchored

1999, 2001

NAP

112,010

90.17

10,100,000

9,311,620

7.09550%

0.068625%

7.02687%

67,844.58

60,549.91

814,134.96

726,598.92

Interest Only, Amortizing Balloon

Actual/360

120

360

7/27/2023

9/6/2023

9/6/2026

8/6/2033

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

1,525,841

507,568

1,018,273

6/30/2023

T-12

1,531,190

487,118

1,044,072

12/31/2022

T-12

1,530,962

503,927

1,027,035

12/31/2021

T-12

89.1%

1,569,610

494,569

1,075,041

28,842

35,578

1,010,621

1.32

1.24

10.6%

10.0%

15,000,000

As Is

6/2/2023

67.3%

62.1%

90.7%

7/21/2023

Sendik's Food Market

49,000

43.7%

4/30/2027

Walgreens

14,490

12.9%

2/28/2061

Burn Boot Camp

9,394

8.4%

1/31/2027

Shorewest Realtors

6,000

5.4%

2/28/2025

Anytime Fitness

5,958

5.3%

2/28/2028

6/8/2023

NAP

6/8/2023

NAP

Fee

NAP

68,998

17,250

Springing

2,403

86,525

300,000

Springing

300,000

563,469

Earnout Initial Deposit ($409,200), Unfunded Obligations Amount($154,269.10)

NAP

Hard

Springing

Yes

NAP

Todd A. Sachse and Lee Hurwitz

Acquisition

NAP

Loan

Protect Controls Industrial

1.3%

100.0%

UBS AG

NAP

3212 Old Highway 105 East

Conroe

Montgomery

77301

Industrial

Warehouse

2012

NAP

166,080

47.27

7,850,000

6,977,118

7.73200%

0.019875%

7.71212%

56,140.75

NAP

673,689.00

NAP

Amortizing Balloon

Actual/360

120

360

7/20/2023

9/6/2023

8/6/2033

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

NAV

95.0%

1,712,925

599,830

1,113,096

24,912

1,088,184

1.65

1.62

14.2%

13.9%

15,200,000

As Is

4/21/2023

51.6%

45.9%

100.0%

7/20/2023

Yes

Protect Controls, Inc.

166,080

100.0%

7/31/2038

NAP

4/24/2023

NAP

4/24/2023

NAP

Fee

NAP

186,078

21,637

128,854

10,227

2,076

1,350,000

Springing

1,350,000

Springing

Material Tenant Funds Reserve

NAP

Hard

Springing

Yes

NAP

Walter D. Davis, III, Shane Davis and Tammy Clark

Refinance

NAP

Loan

14-43 31st Avenue

1.3%

100.0%

SMC

NAP

14-43 31st Avenue

Astoria

Queens

11106

Multifamily

Mid Rise

2021

NAP

Units

371,428.57

7,800,000

6.84000%

0.019875%

6.82012%

NAP

45,077.50

NAP

540,930.00

Interest Only

Actual/360

120

7/14/2023

9/6/2023

NAP

8/6/2033

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

NAV

97.0%

820,005

98,524

721,481

4,200

717,281

1.33

9.2%

12,500,000

As Is

6/20/2023

62.4%

100.0%

7/6/2023

NAP

6/21/2023

NAP

6/21/2023

NAP

Fee

NAP

8,917

4,459

15,842

1,320

350

12,600

NAP

Soft

Springing

Yes

NAP

Antonio Disaverio, Emilia Disaverio and Dino Disaverio

Refinance

Yes

NAP

Loan

Holiday Inn Santee

1.3%

100.0%

LMF

NAP

139 Bradford Boulevard

Santee

Orangeburg

29142

Hospitality

Full Service

2005

2016

Rooms

90,178.57

7,575,000

6,975,241

7.88000%

0.019875%

7.86012%

54,950.30

50,433.37

659,403.60

605,200.44

Interest Only, Amortizing Balloon

Actual/360

120

118

360

5/26/2023

7/6/2023

7/6/2025

6/6/2033

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

3,381,724

2,423,667

958,057

4/30/2023

T-12

3,766,077

2,430,845

1,335,232

12/31/2022

T-12

3,283,857

1,843,016

1,440,841

12/31/2021

T-12

73.6%

3,381,724

2,280,213

1,101,511

135,269

966,242

1.67

1.47

14.5%

12.8%

11,700,000

As Is (Extraordinary Assumption)

5/8/2023

64.7%

59.6%

73.6%

4/30/2023

NAP

5/11/2023

NAP

5/15/2023

NAP

Fee

NAP

88,200

14,000

8,904

4,240

11,272

1,675,000

Springing

PIP Reserve

NAP

Springing

Yes

NAP

Parminder Thind

Acquisition

5/26/2038

132.15

97.28

73.6%

132.15

97.28

73.6%

143.08

110.21

77.0%

129.97

99.50

76.6%

Loan

Best Western Plus Diamond Valley Inn

1.1%

100.0%

LMF

NAP

3510 West Florida Avenue

Hemet

Riverside

92545

Hospitality

Limited Service

1986

2015

Rooms

98,442.57

6,500,000

6,497,210

5,832,610

8.12000%

0.019875%

8.10012%

48,239.57

NAP

578,874.84

NAP

Amortizing Balloon

Actual/360

120

119

360

359

7/6/2023

8/6/2023

7/6/2033

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

2,148,283

1,100,196

1,048,087

6/30/2023

T-12

2,204,250

1,282,543

921,707

12/31/2022

T-12

2,169,682

1,511,338

658,344

12/31/2021

T-12

63.9%

2,148,283

1,128,115

1,020,168

85,931

934,237

1.76

1.61

15.7%

14.4%

10,700,000

As Is

5/26/2023

60.7%

54.5%

63.9%

6/30/2023

NAP

3/29/2023

NAP

3/29/2023

10%

Fee

NAP

23,023

5,482

29,035

2,765

7,083

254,992

12,742

30,000

Existing PIP Deposit

NAP

Springing

Yes

NAP

Yes

Future Mezzanine Loan

Nishith P. Mehta and Pankaj P. Mehta

Refinance

11/30/2023

137.19

87.73

63.9%

137.19

87.73

63.9%

136.07

89.38

65.7%

113.22

90.07

79.5%

Loan

Minton Road Professional Center

1.0%

100.0%

LMF

NAP

6100 Minton Road Northwest

Palm Bay

Brevard

32907

Office

Suburban

2003

NAP

48,236

126.46

6,100,000

5,662,693

7.51000%

0.019875%

7.49012%

42,693.86

38,706.05

512,326.32

464,472.60

Interest Only, Amortizing Balloon

Actual/360

120

360

7/17/2023

9/6/2023

9/6/2026

8/6/2033

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

775,805

256,987

518,818

6/30/2023

T-12

698,829

248,941

449,888

12/31/2022

T-12

484,302

250,965

233,337

12/31/2021

T-12

81.9%

1,071,527

265,811

805,716

9,647

57,883

738,186

1.57

1.44

13.2%

12.1%

10,300,000

As Is

7/5/2023

59.2%

55.0%

81.6%

6/1/2023

OMNI Healthcare, Inc.

15,882

32.9%

12/31/2040

Brevard Family Partnership

12,282

25.5%

11/30/2026

State of Florida - DCF

11,188

23.2%

4/30/2029

NAP

6/29/2023

NAP

6/29/2023

NAP

Fee

NAP

67,874

6,464

8,133

1,936

804

4,824

NAP

Springing

Yes

NAP

Craig K. Deligdish

Recapitalization

NAP

Loan

La Quinta Inn & Suites Lubbock South

1.0%

100.0%

LMF

NAP

6504 Interstate 27

Lubbock

79404

Hospitality

Limited Service

2017

NAP

Rooms

67,415.73

6,000,000

5,415,620

8.38000%

0.019875%

8.36012%

45,625.51

NAP

547,506.12

NAP

Amortizing Balloon

Actual/360

120

360

7/31/2023

9/6/2023

8/6/2033

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

2,254,072

1,412,347

841,725

6/30/2023

T-12

2,135,903

1,336,659

799,244

12/31/2022

T-12

2,252,341

1,241,456

1,010,885

12/31/2021

T-12

67.6%

2,254,072

1,450,538

803,534

90,163

713,371

1.47

1.30

13.4%

11.9%

10,300,000

As Is

5/25/2023

58.3%

52.6%

67.6%

6/30/2023

NAP

6/8/2023

NAP

6/7/2023

NAP

Fee

NAP

108,212

12,882

39,051

4,132

7,514

890,000

NAP

Springing

Yes

NAP

Yes

Future Mezzanine Loan

Harendra I. Patel and Neeta H. Patel

Refinance

12/1/2037

99.31

67.10

67.6%

99.31

67.10

67.6%

105.88

63.74

60.2%

109.74

66.28

60.4%

Loan

2021 Avenue X

0.9%

100.0%

SMC

NAP

2021 Avenue X

Brooklyn

Kings

11235

Office

Medical

1983

1984

12,500

440.00

5,500,000

7.69500%

0.019875%

7.67512%

NAP

35,758.59

NAP

429,103.13

Interest Only

Actual/360

120

8/2/2023

9/6/2023

NAP

8/6/2033

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

NAV

95.0%

733,402

22,002

711,400

4,250

6,250

700,900

1.66

1.63

12.9%

12.7%

9,300,000

As Is

7/24/2023

59.1%

100.0%

8/2/2023

Yes

Radiology Associates of Brooklyn

12,500

100.0%

8/1/2038

NAP

4/3/2023

NAP

4/3/2023

NAP

Fee

NAP

7,676

3,838

2,524

1,262

354

521

31,919

NAP

Hard

In Place

Yes

NAP

Mendel Kaff

Recapitalization

NAP

Loan

Holiday Inn Express Picayune, MS

0.9%

100.0%

SMC

NAP

1001 Dauphin Street

Picayune

Pearl River

39466

Hospitality

Limited Service

2009

2020

Rooms

82,089.55

5,500,000

4,949,985

8.25500%

0.019875%

8.23512%

41,339.00

NAP

496,068.00

NAP

Amortizing Balloon

Actual/360

120

360

7/27/2023

9/6/2023

8/6/2033

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

2,336,168

1,308,872

1,027,297

5/31/2023

T-12

2,332,756

1,254,232

1,078,523

12/31/2022

T-12

2,445,626

1,171,786

1,273,840

12/31/2021

T-12

73.7%

2,336,168

1,413,966

922,202

93,447

828,755

1.86

1.67

16.8%

15.1%

8,000,000

As Is

6/1/2023

68.8%

61.9%

73.7%

5/31/2023

NAP

6/9/2023

NAP

6/8/2023

NAP

Fee

NAP

43,174

6,168

16,392

8,196

7,787

NAP

Springing

Yes

NAP

Kendra Plummer

Acquisition

7/31/2038

128.15

94.45

73.7%

128.15

94.45

73.7%

130.44

94.23

72.2%

125.25

98.31

78.5%

Loan

938 East 4th Street

0.7%

100.0%

LMF

NAP

938 East 4th Street

Bethlehem

Northampton

18015

Multifamily

Mid Rise

2023

NAP

Units

183,333.33

4,400,000

7.28000%

0.019875%

7.26012%

NAP

27,064.07

NAP

324,768.84

Interest Only

Actual/360

120

119

120

119

6/30/2023

8/6/2023

NAP

7/6/2033

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

459,820

35,836

423,984

6/30/2023

T-3 Ann

NAV

95.0%

555,493

135,674

419,819

4,800

415,019

1.29

1.28

9.5%

9.4%

7,200,000

As Is

5/2/2023

61.1%

100.0%

6/8/2023

NAP

5/9/2023

NAP

5/9/2023

NAP

Fee

NAP

13,576

4,310

Springing

400

150,000

Hyatus Reserve

NAP

Springing

Yes

NAP

Plamen I. Ayvazov and Diana S. Ayvaz

Refinance

NAP

Loan

Society Hill Portfolio

0.7%

LMF

NAP

Various

Philadelphia

19106

Various

2022

Units

307,692.31

4,000,000

7.82000%

0.019875%

7.80012%

NAP

26,428.70

NAP

317,144.40

Interest Only

Actual/360

7/28/2023

9/6/2023

NAP

8/6/2028

L(23),YM1(30),O(7)

NAV

94.5%

474,150

82,071

392,079

2,400

2,000

387,679

1.24

1.22

9.8%

9.7%

5,375,000

As Is

6/8/2023

74.4%

100.0%

7/1/2023

19,090

3,030

2,658

1,266

200

167

18,630

NAP

Springing

Yes

NAP

Yes

Future Mezzanine Loan

Abe Cohen

Refinance

NAP

31.01

Property

35 South 3rd Street

0.3%

45.0%

35 South 3rd Street

Philadelphia

19106

Mixed Use

Multifamily / Retail

1930

2022

Units

1,800,000

NAV

95.0%

213,750

35,595

178,155

1,000

2,000

175,155

2,425,000

As Is

6/8/2023

100.0%

7/1/2023

Mt. Moon Recording LLC

2,000

100.0%

12/31/2027

NAP

6/14/2023

NAP

6/15/2023

NAP

Fee

NAP

31.02

Property

412 Spruce Street

0.2%

34.5%

412 Spruce Street

Philadelphia

19106

Multifamily

Low Rise

1800

2022

Units

1,381,500

NAV

94.1%

158,733

24,280

134,453

875

133,578

1,825,000

As Is

6/8/2023

100.0%

7/1/2023

NAP

12/30/2022

NAP

12/29/2022

NAP

Fee

NAP

31.03

Property

436 Spruce Street

0.1%

20.5%

436 Spruce Street

Philadelphia

19106

Multifamily

Low Rise

1900

2022

Units

818,500

NAV

94.1%

101,667

22,196

79,471

525

78,946

1,125,000

As Is

6/8/2023

100.0%

7/1/2023

NAP

12/30/2022

NAP

12/29/2022

NAP

Fee

NAP

Loan

Mini U Storage - Maple Shade

0.7%

100.0%

KeyBank

NAP

2841 Route 73 South

Maple Shade

Burlington

08052

Self Storage

1998

NAP

43,787

90.21

3,950,000

6.79000%

0.028625%

6.76137%

NAP

22,660.84

NAP

271,930.08

Interest Only

Actual/360

120

119

120

119

6/6/2023

8/1/2023

NAP

7/1/2033

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

775,721

339,699

436,022

4/30/2023

T-12

796,430

333,738

462,692

12/31/2022

T-12

687,770

344,748

343,022

12/31/2021

T-12

73.6%

771,441

362,306

409,135

4,817

404,319

1.50

1.49

10.4%

10.2%

10,700,000

As Is

3/31/2023

36.9%

75.2%

4/27/2023

NAP

4/5/2023

NAP

4/5/2023

NAP

Fee

NAP

22,324

7,370

2,391

797

401

NAP

Springing

Yes

NAP

Dahn Corporation

Refinance

NAP

BMO 2023-C6 Mortgage Trust FWPFree writing prospectus