Wells Fargo Commercial Mortgage Securities FWP Free writing prospectus

		FREE WRITING PROSPECTUS
		FILED PURSUANT TO RULE 433
		REGISTRATION FILE NO.: 333-257991-10

BANK 2024-BNK47 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herein is preliminary as of the date hereof, supersedes any such information previously delivered to you and will be superseded by any such information subsequently delivered and ultimately by the final prospectus relating to the securities.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, Goldman Sachs & Co. LLC, BofA Securities, Inc., Morgan Stanley & Co. LLC, Citigroup Global Markets Inc., 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

St. Johns Town Center

9.2%

100.0%

JPMCB, GSBI, BCREI, SGFC

JPMCB, GSMC

Group 1

NAP

4663 River City Drive

Jacksonville

Duval

32246

Retail

Super Regional Mall

2005, 2008, 2014

NAP

1,022,042

352.24

100,000,000

5.94800%

NAP

502,550.93

NAP

6,030,611.16

Interest Only

Actual/360

120

5/10/2024

1/1/1900

7/1/2024

NAP

6/1/2034

NAP

L(24),D(90),O(6)

57,541,496

15,808,735

41,732,761

12/31/2023

T-12

53,937,457

14,670,553

39,266,904

12/31/2022

T-12

49,482,581

13,527,876

35,954,705

12/31/2021

T-12

92.1%

63,759,318

15,996,884

47,762,434

264,000

2,088,000

45,410,434

2.20

2.09

13.3%

12.6%

753,700,000

As Is

3/21/2024

47.8%

93.9%

6/1/2024

Nordstrom

123,000

12.0%

2/28/2030

Dick's Clothing & Sporting Goods

66,000

6.5%

1/31/2026

Restoration Hardware

48,697

4.8%

1/31/2037

Jo-Ann Fabrics

35,000

3.4%

1/31/2026

Ross Dress For Less

30,187

3.0%

1/31/2026

4/4/2024

NAP

4/4/2024

NAP

Yes - AE

Fee

NAP

Springing

9,788,217

Outstanding TI/LC Reserve ($8,393,631); Gap Rent Reserve ($1,394,586)

NAP

Hard

Springing

Yes

100,000,000

260,000,000

1,306,632.40

1,809,183.33

NAP

360,000,000

1,809,183.33

47.8%

2.09

13.3%

NAP

Simon Property Group, L.P.

Refinance

360,000,000

5,611,283

365,611,283

351,117,405

4,705,660

9,788,217

365,611,283

NAP

2.00

Loan

Dallas Market Center

8.3%

100.0%

GSBI

GSMC

NAP

2000 North Stemmons Freeway and 2050-2100 North Stemmons Freeway

Dallas

75207

Mixed Use

Merchandise Mart/Retail

1957, 1958, 1974, 1979

1999, 2019

2,746,550

86.29

90,000,000

6.50200%

NAP

494,422.92

NAP

5,933,075.04

Interest Only

Actual/360

120

5/31/2024

1/6/1900

7/6/2024

NAP

6/6/2034

NAP

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

89,131,929

52,704,290

36,427,639

2/29/2024

T-12

84,850,749

49,758,034

35,092,715

2/28/2023

T-12

75,542,455

41,287,106

34,255,349

2/28/2022

T-12

93.7%

93,314,164

52,910,281

40,403,884

631,706

1,268,250

38,503,927

2.59

2.46

17.0%

16.2%

636,500,000

As Is

4/27/2024

37.2%

91.1%

3/31/2024

Goetz, Inc.

36,653

1.3%

9/30/2025

Diverse Marketing

34,747

1.3%

10/31/2024 (10,750 SF); 9/30/2026 (2,230 SF); 10/31/2026 (21,767 SF)

K. Graves & A. Graves, Inc.

34,517

1.3%

11/30/2026

OneCoast, LLC

31,764

1.2%

3/31/2031

Paul Michael Company

29,480

1.1%

10/31/2025

5/15/2024

NAP

5/15/2024

NAP

Yes - AE

Fee/Leasehold

7/31/2057

None

256,368

1,000,000

Springing

1,000,000

1,500,000

Springing

1,500,000

431,802

Unfunded Obligations Reserve

NAP

Hard

In Place

Yes

90,000,000

147,000,000

807,557.43

1,301,980.35

NAP

237,000,000

1,301,980

37.2%

2.46

17.0%

NAP

Crow Realty Investors, L.P.

Dallas Market Center Financial, L.L.C.

Refinance

237,000,000

TBD

237,000,000

2,931,804

TBD

2,931,804

NAP

3.00

Loan

Woodfield Mall

7.3%

100.0%

BANA, BMO, BCREI

BANA

Group 1

NAP

5 Woodfield Mall

Schaumburg

Cook

60173

Retail

Super Regional Mall

1971, 1995

2015, 2016, 2018

1,064,590

247.98

79,500,000

6.33540%

NAP

425,549.93

NAP

5,106,599.16

Interest Only

Actual/360

120

114

120

114

11/22/2023

1/1/1900

1/1/2024

NAP

12/1/2033

NAP

L(30),D(84),O(6)

72,418,187

35,940,556

36,477,631

10/31/2023

T-12

74,865,600

38,359,447

36,506,153

12/31/2022

T-12

73,703,131

36,473,501

37,229,630

12/31/2021

T-12

95.5%

74,931,706

32,816,238

42,115,468

195,077

864,590

41,055,801

2.48

2.42

16.0%

15.6%

694,000,000

As Is

10/27/2023

38.0%

96.1%

11/14/2023

Nordstrom

200,000

18.8%

3/2/2025

H&M

27,320

2.6%

1/31/2029

Peppa Pig World of Play

22,963

2.2%

12/31/2036

Zara

21,759

2.0%

10/31/2028

Forever 21

21,628

2.0%

1/31/2026

11/7/2023

NAP

11/7/2023

NAP

Fee

NAP

Springing

7,299,496

Outstanding TI/LC Reserve ($6,460,707); Gap Rent Reserve ($838,789.17)

NAP

Hard

Springing

Yes

79,500,000

184,500,000

987,597.00

1,413,146.93

30,000,000

294,000,000

1,667,031

42.4%

2.05

14.3%

NAP

Simon Property Group, L.P. and Institutional Mall Investors LLC

Simon Property Group, L.P.

Refinance

264,000,000

88,955,402

30,000,000

382,955,402

373,692,064

1,963,843

7,299,496

382,955,402

NAP

4.00

Loan

Westwood Gateway II

6.9%

100.0%

BANA

NAP

11100 and 11150 Santa Monica Boulevard

Los Angeles

90025

Office

CBD

1986, 1989

NAP

548,904

273.27

75,000,000

5.56000%

NAP

352,326.39

NAP

4,227,916.68

Interest Only

Actual/360

120

118

120

118

3/28/2024

1/1/1900

5/1/2024

NAP

4/1/2034

NAP

L(26),DorYM1(89),O(5)

36,105,368

11,659,242

24,446,126

2/29/2024

T-12

36,636,376

11,834,247

24,802,129

12/31/2023

T-12

33,336,127

10,953,934

22,382,193

12/31/2022

T-12

94.8%

38,185,908

11,938,115

26,247,793

218,779

548,904

25,480,110

3.10

3.01

17.5%

17.0%

330,000,000

As Is

3/11/2024

45.5%

95.7%

2/29/2024

The Capital Group Co., Inc.

83,329

15.2%

6/30/2031

Crescent Capital Group LP

41,899

7.6%

2/29/2032

B. Riley Securities, Inc.

26,500

4.8%

6/30/2026 (10,646 SF); 4/30/2029 (15,854 SF)

Aristotle Capital Management

24,951

4.5%

9/30/2028

Los Angeles Capital Management

22,405

4.1%

1/31/2028

3/11/2024

NAP

3/11/2024

3/12/2024

12%

Fee

NAP

Springing

2,000,000

8,042,693

Unfunded Obligations Reserve ($4,493,417); Free Rent Reserve ($3,549,276)

NAP

Hard

Springing

Yes

75,000,000

352,326.39

704,652.78

NAP

150,000,000

704,653

45.5%

3.01

17.5%

NAP

Yes

Mezzanine

The Irvine Company LLC

Irvine Core Office LLC

Recapitalization

150,000,000

529,884

8,042,693

141,427,423

150,000,000

NAP

5.00

Loan

Danbury Fair Mall

6.4%

100.0%

GSBI, MSBNA, BMO

GSMC, MSMCH

NAP

7 Backus Avenue

Danbury

Fairfield

06810

Retail

Super Regional Mall

1986

2007, 2017

923,598

167.82

69,500,000

68,061,124

6.38600%

434,089.72

374,992.72

5,209,076.64

4,499,912.64

Interest Only, Amortizing Balloon

Actual/360

120

116

360

1/25/2024

1/6/1900

3/6/2024

3/6/2032

2/6/2034

NAP

L(28),YM1(85),O(7)

41,365,921

10,954,495

30,411,426

9/30/2023

T-12

38,671,562

12,281,082

26,390,480

12/31/2022

T-12

38,161,185

15,920,467

22,240,718

12/31/2021

T-12

94.5%

43,953,322

13,946,497

30,006,825

166,941

568,561

29,271,323

2.58

2.52

19.4%

18.9%

371,000,000

As Is

12/18/2023

41.8%

40.9%

97.1%

1/4/2024

Target

126,615

13.7%

1/31/2034

Lord & Taylor

79,872

8.6%

4/30/2045

DICK'S Sporting Goods

73,080

7.9%

1/31/2031

Round 1 Entertainment

60,848

6.6%

2/28/2034

Primark

51,489

5.6%

8/31/2026

12/21/2023

NAP

12/20/2023

NAP

Yes - A

Fee

NAP

Springing

4,103,258

Outstanding TI/LC Obligations ($3,460,293); Gap Rent Reserve ($642,965.09)

NAP

Hard

Springing

Yes

69,500,000

85,500,000

534,024.04

968,113.76

NAP

155,000,000

968,113.76

41.8%

2.52

19.4%

NAP

The Macerich Partnership, L.P.

Refinance

155,000,000

116,946,803

3,243,816

4,103,258

30,706,123

155,000,000

NAP

6.00

Loan

60 Hudson

6.0%

100.0%

MSBNA

MSMCH

NAP

60 Hudson Street

New York

10013

Other

Data Center

1930

2013

1,149,619

243.56

65,000,000

5.88500%

NAP

323,198.21

NAP

3,878,378.52

Interest Only

Actual/360

120

112

120

112

9/6/2023

1/1/1900

11/1/2023

NAP

10/1/2033

NAP

L(32),D(83),O(5)

124,308,174

50,782,190

73,525,984

6/30/2023

T-12

112,940,517

47,378,697

65,561,820

12/31/2022

T-12

118,744,930

41,284,530

77,460,400

12/31/2021

T-12

65.2%

120,518,204

52,684,531

67,833,673

229,924

2,110,256

65,493,494

4.06

3.92

24.2%

23.4%

1,596,000,000

As Is

5/8/2023

17.5%

62.2%

6/5/2023

Verizon

184,420

16.0%

12/31/2034 (173,522 SF); 5/31/2033 (10,898 SF)

CDIL Data Centre USA LLC (Hudson Interxchange)

172,775

15.0%

9/30/2032

Telx - New York LLC (Digital Realty)

95,494

8.3%

10/31/2027

zColo, LLC (DataBank)

57,840

5.0%

7/31/2032

Centurylink Communications

37,472

3.3%

9/30/2033

5/11/2023

NAP

5/11/2023

NAP

Fee

NAP

7,089,987

1,772,497

Springing

NAP

Hard

In Place

Yes

65,000,000

215,000,000

1,069,040.22

1,392,238.43

NAP

280,000,000

1,392,238.43

17.5%

3.92

24.2%

NAP

The Stahl Organization

NAP

Refinance

280,000,000

3,678,608

283,678,608

274,771,150

1,817,471

7,089,987

283,678,608

NAP

7.00

Loan

DHC Medical Office Portfolio

5.8%

WFB, BMO, UBS AG

WFB

NAP

Various

Office

Medical/Lab

Various

725,279

165.45

63,000,000

6.86400%

NAP

365,365.00

NAP

4,384,380.00

Interest Only

Actual/360

120

5/30/2024

1/11/1900

7/11/2024

NAP

6/11/2034

NAP

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

27,551,903

11,860,495

15,691,408

3/31/2024

T-12

27,394,821

11,936,174

15,458,647

12/31/2023

T-12

NAV

87.0%

26,877,478

11,976,039

14,901,438

275,408

1,087,919

13,538,112

1.78

1.62

12.4%

11.3%

245,000,000

As Is

Various

49.0%

88.0%

4/1/2024

Springing

1,500,000

108,333

8,000,000

1,900,567

Springing

Ground Rent Reserve (Upfront: $34,333.32; Monthly: Springing); Rent Concession Reserve ($29,229); Existing TI/LC ($1,770,305); Landlord Work Reserve ($66,700)

NAP

Hard

Springing

Yes

63,000,000

57,000,000

330,568.33

695,933.33

NAP

120,000,000

695,933.33

49.0%

1.62

12.4%

NAP

Diversified Healthcare Trust

Recapitalization

NAP

7.01

Property

47071 Bayside Parkway

2.0%

33.9%

47071 Bayside Parkway

Fremont

Alameda

94538

Office

Medical/Lab

1990

2022

88,508

21,342,857

6,431,155

1,751,238

4,679,917

3/31/2024

T-12

6,309,248

1,640,946

4,668,302

12/31/2023

T-12

NAV

100.0%

6,438,386

1,453,765

4,984,621

55,760

132,762

4,796,099

83,000,000

As Is

4/22/2024

100.0%

4/1/2024

Yes

Alamar Biosciences, Inc.

88,508

100.0%

1/31/2034

NAP

4/23/2024

NAP

4/23/2024

19%

Fee

NAP

7.02

Property

4 Maguire Road

1.2%

20.3%

4 Maguire Road

Lexington

Middlesex

02421

Office

Medical/Lab

1968

2022

54,633

12,805,714

4,910,425

1,508,841

3,401,584

3/31/2024

T-12

4,821,287

1,515,720

3,305,567

12/31/2023

T-12

NAV

83.2%

4,232,993

1,568,327

2,664,667

12,019

81,950

2,570,698

49,800,000

As Is

4/22/2024

100.0%

4/1/2024

Yes

KSQ Therapeutics, Inc.

54,633

100.0%

9/30/2032

NAP

4/23/2024

NAP

4/23/2024

NAP

Fee

NAP

7.03

Property

200 Old Country Road

1.1%

18.2%

200 Old Country Road

Mineola

Nassau

11501

Office

Medical/Lab

1971

2020

256,559

11,442,857

7,621,321

4,442,837

3,178,484

3/31/2024

T-12

7,846,827

4,664,408

3,182,420

12/31/2023

T-12

NAV

77.3%

6,901,563

4,666,421

2,235,141

89,796

384,839

1,760,507

44,500,000

As Is

4/22/2024

78.0%

4/1/2024

NYU Langone Hospitals

73,699

28.7%

Various

NYU Grossman School of Medicine

36,285

14.1%

Various

New York College of Traditional Chinese Medicine

19,615

7.6%

5/31/2029

Lizardos Engineering Associates, P.C.

18,325

7.1%

Various

Icahn School of Medicine at Mount Sinai

15,163

5.9%

12/31/2024

4/23/2024

NAP

4/23/2024

NAP

Fee

NAP

7.04

Property

21 Spurs Lane

0.6%

10.4%

21 Spurs Lane

San Antonio

Bexar

78240

Office

Medical/Lab

2005

NAP

129,438

6,531,428

3,424,453

1,823,119

1,601,334

3/31/2024

T-12

3,308,120

1,828,094

1,480,027

12/31/2023

T-12

NAV

87.3%

3,919,417

2,061,953

1,857,464

31,065

194,157

1,632,242

25,400,000

As Is

4/18/2024

87.3%

4/1/2024

Retina Consultants of Houston, PLLC

20,087

15.5%

11/30/2035

Sports Medicine Associates of San Antonio, P.A.

18,246

14.1%

11/30/2026

San Antonio Surgicenter, LLC

16,927

13.1%

1/31/2029

Ear Medical Group, PA (t0015353)

9,717

7.5%

5/31/2027

Comprehensive Radiology Management Services, Ltd.

9,031

7.0%

4/30/2029

4/23/2024

NAP

4/23/2024

NAP

Yes - AE

Fee

NAP

7.05

Property

5750 Centre Avenue

0.3%

5.4%

5750 Centre Avenue

Pittsburgh

Allegheny

15206

Office

Medical/Lab

1990

NAP

75,990

3,420,001

2,042,268

1,170,242

872,026

3/31/2024

T-12

2,031,610

1,170,347

861,263

12/31/2023

T-12

NAV

87.5%

2,148,462

1,137,632

1,010,830

28,876

113,985

867,969

13,300,000

As Is

4/17/2024

87.5%

4/1/2024

UPMC Presbyterian Shadyside (t0000976)

21,649

28.5%

4/30/2031

ReMed Recovery Care Centers, LLC

8,292

10.9%

4/30/2033

Marc D. Liang, M.D.

5,211

6.9%

1/31/2029

Cardiovascular Disease Specialists of Pittsburgh, P.C.

4,635

6.1%

10/31/2025

Forefront Management, LLC

4,254

5.6%

6/30/2027

4/23/2024

NAP

4/23/2024

NAP

Fee

NAP

7.06

Property

1325 South Congress Avenue

0.3%

5.1%

1325 South Congress Avenue

Boynton Beach

Palm Beach

33426

Office

Medical/Lab

1985

NAP

52,867

3,214,286

1,407,697

770,137

637,560

3/31/2024

T-12

1,418,096

723,514

694,582

12/31/2023

T-12

NAV

92.8%

1,423,883

619,892

803,991

14,274

79,301

710,416

12,500,000

As Is

4/18/2024

91.3%

4/1/2024

Institute of Healthcare Professions, LLC

16,066

30.4%

12/31/2027

Check Five LLC

4,455

8.4%

11/30/2026

Hadassah, The Women's Zionist Organization of America, Inc.

3,433

6.5%

5/31/2027

Bethesda Health Physician Group, Inc.

3,398

6.4%

7/31/2027

Cross Country Moving Group Inc.

3,303

6.2%

3/31/2025

4/23/2024

NAP

4/23/2024

NAP

Fee

NAP

7.07

Property

1501 Milstead Road

0.2%

4.1%

1501 Milstead Road

Conyers

Rockdale

30012

Office

Medical/Lab

2008

NAP

38,031

2,571,428

1,068,307

258,500

809,807

3/31/2024

T-12

1,087,371

257,370

830,002

12/31/2023

T-12

NAV

100.0%

1,099,735

325,422

774,313

17,875

57,047

699,392

10,000,000

As Is

4/19/2024

100.0%

4/1/2024

Wilder Dialysis, LLC

7,280

19.1%

1/31/2032

Northside Hospital, Inc.

7,036

18.5%

9/30/2027

Diabetes and Endocrinology Associates P.C.

5,051

13.3%

9/30/2030

Synergy Radiology, LLC

4,621

12.2%

11/30/2033

Surgical Center Solutions, LLC

4,129

10.9%

6/30/2032

4/23/2024

NAP

4/23/2024

NAP

Fee

NAP

7.08

Property

210 Mall Boulevard

0.2%

2.7%

210 Mall Boulevard

King of Prussia

Montgomery

19406

Office

Medical/Lab

1963

2016

29,253

1,671,428

646,276

135,582

510,694

3/31/2024

T-12

572,261

135,776

436,485

12/31/2023

T-12

NAV

100.0%

713,038

142,626

570,411

25,743

43,880

500,789

6,500,000

As Is

4/19/2024

100.0%

4/1/2024

Yes

Albert Einstein Healthcare Network

29,252

100.0%

6/30/2031

NAP

4/23/2024

NAP

4/23/2024

NAP

Fee

NAP

8.00

Loan

SSW Advanced Technologies

5.1%

WFB

Group 2

NAP

Various

Industrial

Manufacturing

Various

1,259,886

43.73

55,100,000

52,391,011

7.18900%

373,602.09

334,679.57

4,483,225.08

4,016,154.84

Interest Only, Amortizing Balloon

Actual/360

120

117

360

2/23/2024

1/11/1900

4/11/2024

4/11/2029

3/11/2034

NAP

L(27),DorYM1(86),O(7)

NAV

95.0%

8,063,610

1,596,934

6,466,676

246,951

164,517

6,055,208

1.44

1.35

11.7%

11.0%

87,500,000

As Is

Various

63.0%

59.9%

100.0%

6/1/2024

Springing

NAP

Hard

Springing

Yes

NAP

Yes

Mezzanine

Angelo, Gordon & Co., L.P. and TPG, Inc.

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

Acquisition

55,100,000

33,974,213

89,074,213

84,441,702

4,632,511

89,074,213

NAP

8.01

Property

Vincennes

1.1%

21.6%

2000 Chestnut Street

Vincennes

Knox

47591

Industrial

Manufacturing

1930

NAP

395,871

11,901,600

11,316,458

NAV

95.0%

1,743,979

334,426

1,409,552

87,092

28,273

1,294,188

18,900,000

As Is

10/20/2023

100.0%

6/1/2024

Yes

SSW Advanced Technologies

395,871

100.0%

2/1/2044

NAP

12/20/2023

NAP

11/7/2023

NAP

Fee

NAP

8.02

Property

Newport

1.0%

19.0%

345 Chemwood Drive

Newport

Cocke

37821

Industrial

Manufacturing

1968

2015

194,023

10,453,257

9,939,323

NAV

95.0%

1,451,159

205,027

1,246,132

34,924

31,191

1,180,017

16,600,000

As Is

10/17/2023

100.0%

6/1/2024

Yes

SSW Advanced Technologies

194,023

100.0%

2/1/2044

NAP

10/4/2023

NAP

11/7/2023

NAP

Fee

NAP

8.03

Property

Sweetwater

0.9%

17.5%

615 New Highway 68

Sweetwater

Monroe

37874

Industrial

Manufacturing

1973

2000

177,002

9,634,629

9,160,943

NAV

95.0%

1,349,138

204,584

1,144,554

35,400

28,648

1,080,506

15,300,000

As Is

10/16/2023

100.0%

6/1/2024

Yes

SSW Advanced Technologies

177,002

100.0%

2/1/2044

NAP

10/3/2023

NAP

11/7/2023

NAP

Fee

NAP

8.04

Property

Henderson

0.8%

15.5%

867 Premier Way

Henderson

Chester

38340

Industrial

Manufacturing

1996

NAP

170,843

8,564,114

8,143,060

NAV

95.0%

1,303,881

295,554

1,008,326

30,752

25,603

951,971

13,600,000

As Is

10/16/2023

100.0%

6/1/2024

Yes

SSW Advanced Technologies

170,843

100.0%

2/1/2044

NAP

10/4/2023

NAP

11/7/2023

NAP

Fee

NAP

8.05

Property

Clinton

0.5%

10.5%

2005 South 19th Street

Clinton

52732

Industrial

Manufacturing

1900

2015

169,018

5,793,371

5,508,540

NAV

95.0%

914,467

234,974

679,493

38,874

18,147

622,472

9,200,000

As Is

10/11/2023

100.0%

6/1/2024

Yes

SSW Advanced Technologies

169,018

100.0%

2/1/2044

NAP

10/20/2023

NAP

11/7/2023

NAP

Fee

NAP

8.06

Property

Madison

0.5%

9.6%

1129 Myatt Boulevard

Madison

Davidson

37115

Industrial

Manufacturing

1992

NAP

51,068

5,289,600

5,029,537

NAV

95.0%

696,506

130,677

565,829

9,703

18,355

537,772

8,400,000

As Is

10/17/2023

100.0%

6/1/2024

Yes

SSW Advanced Technologies

51,068

100.0%

2/1/2044

NAP

10/4/2023

NAP

11/7/2023

NAP

Fee

NAP

8.07

Property

Elizabethtown

0.3%

6.3%

1100 West Park Road

Elizabethtown

Hardin

42701

Industrial

Manufacturing

1978

NAP

102,061

3,463,429

3,293,150

NAV

95.0%

604,480

191,691

412,789

10,206

14,301

388,281

5,500,000

As Is

12/29/2023

100.0%

6/1/2024

Yes

SSW Advanced Technologies

102,061

100.0%

2/1/2044

NAP

10/3/2023

NAP

11/7/2023

NAP

Fee

NAP

9.00

Loan

Citadel Crossing - Colorado Springs

3.8%

100.0%

CREFI

NAP

507-749 and 801-975 North Academy Boulevard

Colorado Springs

El Paso

80909

Retail

Anchored

1988

NAP

356,912

114.87

41,000,000

8.13000%

NAP

281,632.99

NAP

3,379,595.88

Interest Only

Actual/360

5/24/2024

1/6/1900

7/6/2024

NAP

6/6/2029

NAP

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

5,566,293

1,335,239

4,231,054

3/31/2024

T-12

5,636,779

1,344,629

4,292,150

12/31/2023

T-12

5,010,914

1,325,665

3,685,249

12/31/2022

T-12

89.5%

5,971,897

1,402,436

4,569,461

65,614

4,503,847

1.35

1.33

11.1%

11.0%

67,100,000

Prospective Market Value Upon Stabilization

5/2/2025

61.1%

92.2%

5/1/2024

Vintage Stock

45,900

12.9%

8/31/2027

Restaurant Depot

30,449

8.5%

2/29/2032

PetSmart

28,176

7.9%

9/30/2029

Burlington Coat Factory

24,124

6.8%

6/30/2034

Office Depot

22,500

6.3%

5/31/2026

5/1/2024

NAP

5/1/2024

NAP

Fee

NAP

25,901

Springing

5,468

1,500,000

Springing

1,500,000

1,191,118

3,530,637

Unfunded Obligations Reserve

NAP

Hard

Springing

Yes

NAP

Patrick M. Nesbitt and Patrick Nesbitt, as Trustee of the Patrick M. Nesbitt Family Trust

Refinance

41,000,000

27,297,083

2,512,922

6,247,656

4,942,339

41,000,000

NAP

10.00

Loan

Rhino Portfolio 3

3.4%

BANA, BCREI

BANA

NAP

Various

1,100,563

124.62

37,150,000

6.93200%

NAP

217,583.77

NAP

2,611,005.24

Interest Only

Actual/360

120

115

120

115

12/19/2023

1/6/1900

2/6/2024

NAP

1/6/2034

NAP

L(24),YM1(89),O(7)

17,559,556

6,798,064

10,761,492

Various

T-12

15,185,348

6,416,874

8,768,474

12/31/2022

T-12

13,199,062

6,105,582

7,093,480

12/31/2021

T-12

92.8%

22,679,232

7,590,897

15,088,334

220,888

841,335

14,026,111

1.57

1.46

11.0%

10.2%

220,113,997

Various

62.3%

94.8%

Various

404,449

201,224

Springing

18,407

61,203

2,203,325

107,625

14,281,504

Upfront TI/LC Reserve ($11,354,359.61); Free Rent Reserve ($2,414,573.70); Static Insurance Reserve ($512,570.25)

1,300,000

$1,300,000 deposited into the Trader Joe's Holdback Reserve to be distributed to the borrower upon certain conditions in the loan agreement.

Soft

Springing

Yes

37,150,000

100,000,000

585,689.81

803,273.58

NAP

137,150,000

803,273.58

62.3%

1.46

11.0%

NAP

Yes

Mezzanine

Sanjiv Chopra

Refinance

137,150,000

1,477,130

138,627,130

118,577,299

3,956,255

16,093,577

138,627,130

NAP

10.01

Property

The Summit

2.2%

64.6%

13925 South Virginia Street

Reno

Washoe

89511

Retail

Anchored

2005, 2006, 2007

NAP

391,416

23,985,654

9,479,615

2,942,597

6,537,018

9/30/2023

T-12

8,627,098

2,906,016

5,721,082

12/31/2022

T-12

7,849,263

2,845,074

5,004,189

12/31/2021

T-12

95.0%

12,646,022

3,193,861

9,452,162

58,712

563,120

8,830,330

138,713,944

As Is with Escrow

10/5/2023

96.5%

12/12/2023

Century Theatres

49,605

12.7%

5/31/2027

Dave and Busters

20,156

5.1%

1/31/2040

Old Navy

17,046

4.4%

4/30/2029

Trader Joe's

14,850

3.8%

11/14/2034

PetCo

13,486

3.4%

6/30/2034

10/12/2023

NAP

10/12/2023

Fee

NAP

10.02

Property

Blvd 2500

0.4%

12.4%

2500 Carlisle Boulevard Northeast

Albuquerque

Bernalillo

87110

Multifamily

Low Rise

1970

2020

128,922

4,604,812

3,203,674

1,598,620

1,605,054

9/30/2023

T-12

3,158,368

1,485,359

1,673,009

12/31/2022

T-12

2,170,634

1,533,798

636,836

12/31/2021

T-12

87.5%

3,343,868

1,634,090

1,709,778

75,142

4,069

1,630,567

34,218,251

As Is with Escrow

10/10/2023

92.0%

11/24/2023

NAP

10/12/2023

NAP

10/12/2023

NAP

Fee

NAP

10.03

Property

Jackson

0.3%

7.4%

1250-1355 Boardman Road

Jackson

49202

Retail

Anchored

1966

2023

138,513

2,762,887

860,609

306,967

553,642

9/30/2023

T-12

420,752

292,649

128,103

12/31/2022

T-12

143,890

305,863

(161,973)

12/31/2021

T-12

95.0%

1,817,664

594,828

1,222,836

20,777

76,165

1,125,894

14,287,158

As Is with Escrow

10/10/2023

96.7%

12/11/2023

Hobby Lobby

56,340

40.7%

5/31/2032

Planet Fitness

30,000

21.7%

7/31/2032

Burlington

21,700

15.7%

2/28/2035

Jackson Public Schools

9,540

6.9%

5/31/2034

Buckle

6,670

4.8%

1/31/2034

10/12/2023

NAP

10/12/2023

NAP

Fee

NAP

10.04

Property

Haymarket

0.2%

7.1%

4100 Merle Hay Road

Des Moines

Polk

50322

Retail

Anchored

1973

1994

229,413

2,627,452

2,447,451

1,237,738

1,209,712

9/30/2023

T-12

1,748,318

1,138,485

609,834

12/31/2022

T-12

2,230,578

1,052,495

1,178,083

12/31/2021

T-12

91.9%

2,432,978

1,164,743

1,268,235

34,412

101,526

1,132,297

13,683,212

As Is with Escrow

10/23/2023

92.6%

12/11/2023

Burlington

91,261

39.8%

6/30/2030

Hobby Lobby

67,594

29.5%

12/31/2027

Harbor Freight Tools

23,921

10.4%

12/31/2032

Famous Footwear

10,057

4.4%

11/30/2028

Kids Closet Connection

10,000

4.4%

12/31/2026

11/2/2023

NAP

11/1/2023

NAP

Fee

NAP

10.05

Property

North Aurora

0.1%

4.2%

1610-1780 Orchard Gateway Boulevard

North Aurora

Kane

60542

Retail

Shadow Anchored

2006

NAP

85,758

1,571,054

1,300,544

568,772

731,772

9/30/2023

T-12

1,230,812

594,365

636,447

12/31/2022

T-12

804,697

368,352

436,345

12/31/2021

T-12

80.8%

1,139,491

485,769

653,723

12,864

52,258

588,601

9,511,432

As Is with Escrow

10/27/2023

86.8%

12/11/2023

Michael's

21,730

25.3%

2/28/2027

Petco

15,555

18.1%

4/30/2027

Kids Empire

10,004

11.7%

8/31/2034

Dollar Tree

9,317

10.9%

8/31/2026

Hallmark

8,015

9.3%

2/29/2028

11/8/2023

NAP

11/8/2023

NAP

Fee

NAP

10.06

Property

At Home - Arlington

0.1%

3.5%

750 East Rand Road

Arlington Heights

Cook

60004

Retail

Single Tenant

1989

2022

100,501

1,300,182

267,663

143,369

124,294

8/30/2023

T-12

NAV

95.0%

1,118,427

485,743

632,684

15,075

37,688

579,921

7,800,000

As Is

10/10/2023

100.0%

6/1/2024

Yes

At Home

100,501

100.0%

6/30/2033

NAP

10/12/2023

NAP

10/12/2023

NAP

Fee

NAP

10.07

Property

Houma

0.0%

104 Armour Drive

Houma

Terrebonne

70364

Retail

Single Tenant

1973

1997

26,040

297,958

NAV

95.0%

180,781

31,864

148,918

3,906

6,510

138,502

1,900,000

As Is

10/9/2023

100.0%

6/1/2024

Yes

Big Lots

26,040

100.0%

1/31/2028

NAP

10/12/2023

NAP

10/12/2023

NAP

Fee

NAP

11.00

Loan

Anaheim Desert Palm Hotel & Suites

2.8%

100%

WFB

Group 3

NAP

631 West Katella Avenue

Anaheim

Orange

92802

Hospitality

Limited Service

1988

2004

196

Rooms

152,933.67

29,975,000

6.72700%

NAP

170,368.67

NAP

2,044,424.04

Interest Only

Actual/360

120

119

120

119

5/1/2024

1/11/1900

6/11/2024

NAP

5/11/2034

NAP

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

13,893,955

7,017,701

6,876,254

3/31/2024

T-12

13,647,690

6,981,566

6,666,124

12/31/2023

T-12

13,023,795

6,725,405

6,298,390

12/31/2022

T-12

82.1%

13,827,075

6,946,109

6,880,965

553,083

6,327,882

3.37

3.10

23.0%

21.1%

68,800,000

As Is

3/19/2024

43.6%

82.1%

3/31/2024

NAP

3/29/2024

NAP

3/29/2024

Fee

NAP

55,884

27,942

Springing

34,568

NAP

Springing

Yes

NAP

Arun H. Patel and Shirish H. Patel

Refinance

29,975,000

24,676,756

395,477

55,884

4,846,884

29,975,000

NAP

8/5/1900

6/27/1900

1/0/1900

8/5/1900

6/27/1900

1/0/1900

8/2/1900

6/24/1900

1/0/1900

7/18/1900

6/16/1900

1/0/1900

12.00

Loan

Baxters Industrial Portfolio

2.7%

GSBI

GSMC

Group 2

NAP

Various

Industrial

Warehouse/Manufacturing

Various

421,940

70.09

29,575,000

27,967,698

6.77100%

192,235.91

169,194.67

2,306,830.92

2,030,336.04

Interest Only, Amortizing Balloon

Actual/360

120

118

360

4/5/2024

1/6/1900

5/6/2024

5/6/2029

4/6/2034

NAP

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

NAV

95.0%

3,580,691

107,421

3,473,270

72,293

105,485

3,295,492

1.51

1.43

11.7%

11.1%

46,200,000

As Is

Various

64.0%

60.5%

100.0%

6/1/2024

Springing

84,388

Springing

421,940

NAP

Hard

Springing

Yes

NAP

Yes

Mezzanine

Angelo, Gordon & Co., L.P. and TPG, Inc.

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

Acquisition

29,575,000

61,467,265

91,042,265

45,250,000

45,792,265

91,042,265

NAP

12.01

Property

Baxters East Bernstadt

1.5%

54%

2742 US Highway 25

East Bernstadt

Laurel

40729

Industrial

Warehouse/Manufacturing

1960

2008

262,517

15,875,321

15,012,551

NAV

95.0%

1,922,049

57,661

1,864,388

42,003

65,629

1,756,756

24,700,000

As Is

3/12/2024

100.0%

6/1/2024

Yes

Baxters North America

262,517

100.0%

4/5/2044

NAP

2/22/2024

NAP

3/12/2024

NAP

Fee

NAP

12.02

Property

Baxters Salem

1.3%

46%

556 Murlark Avenue Northwest

Salem

Polk

97304

Industrial

Warehouse/Manufacturing

1972

NAP

159,423

13,699,679

12,955,147

NAV

95.0%

1,658,641

49,759

1,608,882

30,290

39,856

1,538,736

21,500,000

As Is

3/13/2024

100.0%

6/1/2024

Yes

Baxters North America

159,423

100.0%

4/5/2044

NAP

2/22/2024

NAP

3/12/2024

2/22/2024

14%

Fee

NAP

13.00

Loan

Hilton Garden Inn Lompoc

2.5%

100%

MSBNA

MSMCH

NAP

1201 North H Street

Lompoc

Santa Barbara

93436

Hospitality

Select Service

2017

NAP

156

Rooms

173,076.92

27,000,000

25,869,987

7.90000%

196,237.46

180,218.75

2,354,849.52

2,162,625.00

Interest Only, Amortizing Balloon

Actual/360

120

117

360

2/14/2024

1/1/1900

4/1/2024

4/1/2029

3/1/2034

NAP

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

8,633,654

4,893,265

3,740,389

12/31/2023

T-12

8,510,250

4,578,464

3,931,786

12/31/2022

T-12

7,606,151

3,990,359

3,615,792

12/31/2021

T-12

65.1%

8,633,654

4,982,272

3,651,382

345,346

3,306,036

1.55

1.40

13.5%

12.2%

42,000,000

As Is

8/23/2023

64.3%

61.6%

65.1%

12/31/2023

NAP

11/22/2023

NAP

11/22/2023

Fee

NAP

42,772

21,386

Springing

28,779

NAP

Hard

Springing

Yes

NAP

Atul P Patel

Sardaben P. Patel

Refinance

27,000,000

21,062,408

540,037

42,772

5,354,783

27,000,000

6/30/2037

7/11/1900

5/4/1900

1/0/1900

7/11/1900

5/4/1900

1/0/1900

6/26/1900

5/2/1900

1/0/1900

6/7/1900

4/15/1900

1/0/1900

14.00

Loan

201 West 72nd Street

2.4%

100%

CREFI

NAP

201 West 72nd Street

New York

10023

Retail

Anchored

1938

1990

29,385

872.89

25,650,000

6.86000%

NAP

148,669.06

NAP

1,784,028.72

Interest Only

Actual/360

120

5/29/2024

1/6/1900

7/6/2024

NAP

6/6/2034

NAP

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

5,242,551

2,150,236

3,092,314

2/29/2024

T-12

5,262,724

1,995,859

3,266,865

12/31/2023

T-12

5,059,068

2,002,074

3,056,994

12/31/2022

T-12

95.0%

5,611,155

2,051,295

3,559,860

4,408

146,955

3,408,497

2.00

1.91

13.9%

13.3%

45,800,000

As Is

3/21/2024

56.0%

100.0%

4/1/2024

Bloomingdale's, LLC

24,985

85.0%

3/31/2032

FedEx Office and Print

4,400

15.0%

7/31/2028

NAP

4/4/2024

NAP

4/4/2024

NAP

Fee

NAP

135,545

Springing

367

Springing

14,312

Springing

Condominium Reserve

NAP

Hard

Springing

Yes

NAP

Broadway/72nd Associates II, L.L.C.

Refinance

25,650,000

2,448,279

28,098,279

26,409,805

1,538,617

149,857

28,098,279

NAP

15.00

Loan

Richland Town Center

2.4%

100%

WFB

NAP

370 Town Centre Drive

Johnstown

Cambria

15904

Retail

Anchored

2004

NAP

289,570

87.92

25,500,000

25,460,163

22,088,355

6.68800%

164,342.96

NAP

1,972,115.52

NAP

Amortizing Balloon

Actual/360

120

118

360

358

4/8/2024

1/11/1900

5/11/2024

4/11/2034

NAP

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

4,412,782

1,238,968

3,173,814

12/31/2023

T-12

4,224,564

1,156,669

3,067,896

12/31/2022

T-12

4,013,126

1,114,455

2,898,671

12/31/2021

T-12

92.6%

4,477,362

1,374,534

3,102,829

81,447

145,000

2,876,382

1.57

1.46

12.2%

11.3%

41,300,000

As Is

1/24/2024

61.6%

53.5%

95.7%

1/23/2024

TJ Maxx

50,490

17.4%

1/31/2025

Best Buy

33,862

11.7%

3/31/2027

Richland Mall Cinemas

27,220

9.4%

11/30/2033

Ross Dress for Less

23,678

8.2%

1/31/2030

Michaels

21,300

7.4%

2/28/2029

2/8/2024

NAP

2/8/2024

NAP

Fee

NAP

51,581

Springing

6,787

250,000

12,083

750,000

NAP

Soft

Springing

Yes

NAP

John R. McGill and Matthew J. McGill

Refinance

25,500,000

233,889

25,733,889

24,895,766

536,541

301,581

25,733,889

NAP

16.00

Loan

1812 North Moore

2.3%

100%

CREFI

NAP

1812 North Moore Street

Arlington

22209

Office

CBD

2013

NAP

543,697

318.19

25,000,000

24,373,642

7.53000%

175,317.48

159,053.82

2,103,809.76

1,908,645.84

Interest Only, Amortizing Balloon

Actual/360

360

4/10/2024

1/6/1900

6/6/2024

6/6/2026

5/6/2029

NAP

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

28,300,056

9,525,214

18,774,842

1/31/2024

T-12

28,260,517

9,469,511

18,791,006

12/31/2023

T-12

26,441,098

8,973,322

17,467,776

12/31/2022

T-12

86.7%

33,560,948

9,502,562

24,058,387

108,739

1,360,002

22,589,645

1.65

1.55

13.9%

13.1%

315,000,000

As Is

2/20/2024

54.9%

53.5%

83.8%

3/1/2024

Nestle USA, Inc.

299,779

55.1%

11/30/2032

Humana Inc.

46,784

8.6%

5/31/2031

Oracle America, Inc.

46,262

8.5%

8,187 SF expiring 6/30/2030; 38,075 SF expiring 12/31/2029

Graham Holdings Company

24,023

4.4%

4/30/2040

National Electrical Manufacturers Association

11,839

2.2%

9/30/2036

3/15/2024

NAP

3/15/2024

NAP

Fee

NAP

1,847,102

307,850

22,645

2,516

9,062

113,334

7,781,444

Unfunded Obligations Reserve ($6,245,853); Free Rent Reserve ($1,535,591)

NAP

Hard

Springing

Yes

25,000,000

148,000,000

1,037,879.47

1,213,196.95

NAP

173,000,000

1,213,197

NAP

Yes

Mezzanine

Anthony Westreich

Refinance

NAP

17.00

Loan

JLL Plaza Leased Fee

2.2%

100%

BANA

NAP

1703 West 5th Street

Austin

Travis

78703

Leased Fee

2009

NAP

111,433

212.68

23,700,000

6.34600%

NAP

127,074.24

NAP

1,524,890.88

Interest Only - ARD

Yes

Actual/360

120

119

120

119

4/5/2024

1/1/1900

6/1/2024

NAP

5/1/2034

5/1/2036

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

NAV

100.0%

1,838,452

1.21

7.8%

29,400,000

As Is

3/5/2024

80.6%

100.0%

6/1/2024

Yes

ATX JLL Plaza LLC

111,433

100.0%

12/14/2112

NAP

2/23/2024

NAP

2/23/2024

NAP

Fee

NAP

Springing

NAP

Hard

Springing

Yes

NAP

Jane B. Holzer

Refinance

NAP

18.00

Loan

Rancho Bernardo Technology Portfolio

2.0%

100%

WFB

NAP

16981 Via Tazon & 11501 Rancho Bernardo Road

San Diego

92127

Industrial

Flex/R&D

1983

2020

89,918

239.11

21,500,000

19,780,218

6.91000%

141,742.87

125,523.67

1,700,914.44

1,506,284.04

Interest Only, Amortizing Balloon

Actual/360

120

115

360

12/22/2023

1/11/1900

2/11/2024

2/11/2027

1/11/2034

NAP

L(29),D(84),O(7)

3,043,524

557,047

2,486,477

12/31/2023

T-12

2,955,528

466,290

2,489,238

12/31/2022

T-12

2,491,980

382,989

2,108,991

12/31/2021

T-12

95.0%

2,991,616

471,541

2,520,075

8,992

134,877

2,376,206

1.48

1.40

11.7%

11.1%

37,560,000

As Complete

11/22/2024

57.2%

52.7%

100.0%

6/1/2024

Yes

Millenium Health, LLC

89,918

100.0%

2/28/2033

NAP

12/11/2023

NAP

12/5/2023

10%

Fee

NAP

122,020

30,505

Springing

1,499

35,976

3,747

269,784

600,000

Retaining Wall Reserve ($600,000); Major Tenant Reserve (Springing)

NAP

Springing

Yes

NAP

David B. Dollinger

David B. Dollinger and The David Dollinger Living Trust

Acquisition

NAP

19.00

Loan

615 Chestnut Street

1.8%

100%

WFB

NAP

615 Chestnut Street, 27 South 7th Street

Philadelphia

19106

Office

CBD

1980

NAP

402,251

49.68

20,000,000

19,985,150

17,195,539

6.40700%

125,192.86

NAP

1,502,314.32

NAP

Amortizing Balloon

Actual/360

120

119

360

359

5/3/2024

1/11/1900

6/11/2024

5/11/2034

NAP

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

12,553,979

6,080,306

6,473,673

12/31/2023

T-12

11,756,294

4,797,377

6,958,917

12/31/2022

T-12

11,452,927

5,293,569

6,159,358

12/31/2021

T-12

83.1%

11,692,112

6,192,492

5,499,620

80,450

603,377

4,815,793

3.66

3.21

27.5%

24.1%

61,800,000

As Is

4/2/2024

32.3%

27.8%

83.4%

3/25/2024

GSA - US Attorney's Office

155,000

38.5%

7/31/2034

American Association for Cancer Research (AACR)

85,950

21.4%

12/31/2038

GSA - FEMA

48,242

12.0%

7/14/2029

GSA - US Department of Labor

7,460

1.9%

3/31/2036

Eagle Fitness Center

6,900

1.7%

MTM

4/4/2024

NAP

4/3/2024

NAP

Fee

NAP

253,258

126,629

Springing

6,704

50,281

71,294

Rent Concession Reserve

NAP

Hard

Springing

Yes

NAP

I. Robert Wolgin

I Robert Wolgin and The Norman Wolgin 2002 Indenture of Trust, Dated December 20, 2002

Refinance

NAP

20.00

Loan

White Oak & Westlake Retail Portfolio

1.5%

WFB

NAP

Various

Retail

Various

121,907

131.25

16,000,000

6.79800%

NAP

91,898.89

NAP

1,102,786.68

Interest Only

Actual/360

120

119

120

119

4/26/2024

1/11/1900

6/11/2024

NAP

5/11/2034

NAP

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

2,754,012

818,081

1,935,931

12/31/2023

T-12

2,244,757

794,493

1,450,264

12/31/2022

T-12

2,212,571

707,009

1,505,562

12/31/2021

T-12

95.0%

2,528,509

779,432

1,749,077

32,737

64,410

1,651,930

1.59

1.50

10.9%

10.3%

24,500,000

Various

65.3%

100.0%

4/1/2024

35,520

Springing

100,000

Springing

100,000

350,000

Springing

350,000

Springing

Springing Leasing Reserve

NAP

Springing

Yes

NAP

Stanley Werb and Jonathan Gaines

Refinance

NAP

20.01

Property

Westlake Shopping Center

1.0%

67%

119 12th Street Southwest, 209 12th Street Southwest & 289 12th Street Southwest

Forest Lake

Washington

55025

Retail

Anchored

1988

NAP

100,481

10,750,000

1,777,285

531,051

1,246,234

12/31/2023

T-12

1,376,708

515,148

861,560

12/31/2022

T-12

1,412,036

461,864

950,172

12/31/2021

T-12

95.0%

1,670,842

504,176

1,166,666

20,096

42,022

1,104,548

13,500,000

As Is

3/15/2024

100.0%

4/1/2024

Petsmart #2787 (Petsmart, Inc.)

20,730

20.6%

1/31/2028

Northern Tool & Equipment (Northern Tool And Equipment Company, Inc.)

20,500

20.4%

9/30/2030

Michaels Stores, Inc

20,203

20.1%

2/28/2033

Aldi #12 (Aldi, Inc.)

17,312

17.2%

7/31/2029

Yetzer Home Store, Inc.

9,655

9.6%

11/30/2027

3/22/2024

NAP

3/22/2024

NAP

Fee

NAP

20.02

Property

White Oak Village

0.5%

33%

1099, 1199 & 1215 Timber Drive East

Garner

Wake

27529

Retail

Shadow Anchored

2005

NAP

21,426

5,250,000

976,727

287,030

689,697

12/31/2023

T-12

868,049

279,345

588,704

12/31/2022

T-12

800,535

245,145

555,390

12/31/2021

T-12

95.0%

857,666

275,256

582,410

12,641

22,387

547,382

11,000,000

As Is (Including Excess Land)

3/25/2024

100.0%

4/1/2024

Mia's Bistro (Mia USA, Inc)

5,314

24.8%

4/30/2027

La Cocina Restaurante Mexicana (La Cocina #6, Inc.)

5,250

24.5%

3/31/2028

Mattress Warehouse (Mattress Warehouse Of Garner, LLC)

4,799

22.4%

1/31/2027

Armed Forces (United States of America)

1,996

9.3%

6/2/2025

Krafty Burgers And Brews (Crafty'S Garner LLC)

1,600

7.5%

9/30/2025

3/22/2024

NAP

3/21/2024

NAP

Fee

NAP

21.00

Loan

Arundel Mills and Marketplace

1.4%

100%

WFB, SGFC, DBRI, CREFI

WFB

Group 1

NAP

7000 and 7600 Arundel Mills Circle

Hanover

Anne Arundel

21076

Retail

Super Regional Mall

2000, 2002, 2012

NAP

1,938,983

185.66

15,000,000

7.70100%

NAP

97,599.48

NAP

1,171,193.76

Interest Only

Actual/360

120

113

120

113

10/5/2023

1/1/1900

12/1/2023

NAP

11/1/2033

NAP

L(31),D(83),O(6)

69,724,516

18,198,782

51,525,734

8/31/2023

T-12

69,984,212

17,233,956

52,750,256

12/31/2022

T-12

69,401,934

17,383,847

52,018,087

12/31/2021

T-12

98.1%

74,354,670

16,415,944

57,938,726

278,330

2,102,842

55,557,554

2.06

1.98

16.1%

15.4%

870,600,000

As Is

9/1/2023

41.4%

98.3%

6/15/2023

Live Casino Hotel Maryland

547,331

28.2%

7/13/2115

Bass Pro Shops Outdoor

127,672

6.6%

10/3/2026

Cinemark Theatres

107,190

5.5%

12/31/2025

Burlington

81,282

4.2%

1/31/2026

Medieval Times

66,244

3.4%

8/31/2033

9/25/2023; 9/29/2023

NAP

9/8/2023

NAP

Fee

NAP

Springing

231,942

5,566,608

4,384,369

Outstanding TI/LC Reserve ($3,796,478); Gap Rent Reserve ($587,891)

NAP

Hard

Springing

Yes

15,000,000

345,000,000

2,244,788.02

2,342,387.50

NAP

360,000,000

2,342,387.50

41.4%

1.98

16.1%

NAP

Simon Property Group, L.P.

Refinance

NAP

22.00

Loan

147 North Main Street

1.1%

100%

JPMCB

Group 2

NAP

147 North Main Street

South Deerfield

Franklin

01373

Industrial

Manufacturing

1965

2000

286,867

42.14

12,090,000

11,438,213

6.81100%

78,906.36

69,573.89

946,876.32

834,886.68

Interest Only, Amortizing Balloon

Actual/360

120

360

5/21/2024

1/6/1900

7/6/2024

7/6/2029

6/6/2034

NAP

YM1(24),DorYM1(90),O(6)

NAV

95.0%

1,468,953

28,687

1,440,267

1.55

1.52

12.2%

11.9%

18,400,000

As Is

3/12/2024

65.7%

62.2%

100.0%

6/1/2024

Yes

Pelican

286,867

100.0%

3/31/2044

NAP

5/6/2024

5/3/2024

3/15/2024

NAP

Fee

NAP

Springing

57,384

Springing

Go-Dark Reserve

1,517,580

NAP

Hard

Springing

Yes

NAP

Yes

Mezzanine

Angelo, Gordon & Co., L.P. and TPG, Inc.

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

Acquisition

NAP

23.00

Loan

Candlewood Suites McDonough

1.1%

100%

WFB

NAP

136 Highway 81 West

McDonough

Henry

30253

Hospitality

Extended Stay

2018

NAP

107

Rooms

110,060.23

11,795,000

11,776,444

10,573,763

8.01300%

86,654.45

NAP

1,039,853.40

NAP

Amortizing Balloon

Actual/360

120

117

360

357

2/29/2024

1/11/1900

4/11/2024

3/11/2034

NAP

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

3,963,665

2,033,865

1,929,800

11/30/2023

T-12

3,978,197

2,081,139

1,897,059

12/31/2022

T-12

3,729,660

1,780,871

1,948,790

12/31/2021

T-12

89.0%

3,963,665

2,054,773

1,908,892

158,547

1,750,345

1.84

1.68

16.2%

14.9%

17,000,000

As Is

1/5/2024

69.3%

62.2%

89.0%

11/30/2023

NAP

1/18/2024

NAP

1/18/2024

NAP

Fee

NAP

27,032

6,758

4,931

13,212

402,500

Springing

PIP Reserve

NAP

Hard

Springing

Yes

NAP

Madhusudhan Kopparapu and Jigar Trivedi

Acquisition

2/29/2039

4/21/1900

4/8/1900

1/0/1900

4/21/1900

4/8/1900

1/0/1900

4/18/1900

4/8/1900

1/0/1900

4/5/1900

4/2/1900

1/0/1900

24.00

Loan

Del Sol Inn

0.9%

100%

WFB

Group 3

NAP

1604 South Harbor Boulevard

Anaheim

Orange

92802

Hospitality

Limited Service

1963

1982

Rooms

169,491.53

10,000,000

6.70700%

NAP

56,667.94

NAP

680,015.28

Interest Only

Actual/360

120

119

120

119

5/1/2024

1/11/1900

6/11/2024

NAP

5/11/2034

NAP

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

5,207,155

2,261,217

2,945,938

3/31/2024

T-12

5,098,576

2,232,485

2,866,091

12/31/2023

T-12

4,532,955

2,000,299

2,532,656

12/31/2022

T-12

96.5%

5,193,126

2,237,448

2,955,678

207,725

2,747,953

4.35

4.04

29.6%

27.5%

22,400,000

As Is

3/19/2024

44.6%

98.1%

3/31/2024

NAP

3/29/2024

NAP

3/29/2024

16%

Fee

NAP

8,152

4,076

Springing

12,983

NAP

Springing

Yes

NAP

Arun H. Patel and Shirish H. Patel

Refinance

NAP

8/17/1900

8/9/1900

1/0/1900

8/17/1900

8/9/1900

1/0/1900

8/13/1900

8/5/1900

1/0/1900

7/17/1900

7/12/1900

1/0/1900

25.00

Loan

Ramada Inn - Rockville Centre, NY

0.8%

100%

BANA

NAP

1000 Sunrise Highway

Rockville Centre

Nassau

11570

Hospitality

Limited Service

1950, 1961, 1987

2013

Rooms

88,265.31

8,650,000

7.07700%

NAP

51,721.89

NAP

620,662.68

Interest Only

Actual/360

120

116

120

116

2/1/2024

1/1/1900

3/1/2024

NAP

2/1/2034

NAP

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

4,325,063

2,363,874

1,961,189

12/31/2023

T-12

3,623,400

2,211,556

1,411,844

12/31/2022

T-12

3,422,257

1,998,632

1,423,624

12/31/2021

T-12

78.6%

4,325,063

2,366,925

1,958,138

173,003

1,785,135

3.15

2.88

22.6%

20.6%

19,600,000

When Complete

1/1/2025

44.1%

78.6%

12/31/2023

NAP

1/22/2024

NAP

12/12/2023

NAP

Fee

NAP

80,505

21,402

44,592

22,629

4% of 1/12th of the annual gross revenues

530,000

Hotel Refresh Reserve ($280,000); Franchise Agreement Renewal Reserve ($250,000)

NAP

Hard

Springing

Yes

NAP

Gaurang Parikh

Rajen Shah and Ochhav Shah

Refinance

1/31/2028

6/1/1900

4/29/1900

1/0/1900

6/1/1900

4/29/1900

1/0/1900

5/9/1900

4/10/1900

1/0/1900

4/26/1900

4/4/1900

1/0/1900

26.00

Loan

William Penn Plaza

0.7%

100%

MSBNA

MSMCH

NAP

3011-3099 William Penn Highway

Easton

Northampton

18045

Retail

Anchored

1985

NAP

91,011

87.90

8,000,000

6.83000%

NAP

46,165.74

NAP

553,988.88

Interest Only

Actual/360

120

5/28/2024

1/5/1900

7/5/2024

NAP

6/5/2034

NAP

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

1,346,385

409,667

936,718

3/31/2024

T-12

1,335,541

402,915

932,626

12/31/2023

T-12

1,337,821

410,868

926,954

12/31/2022

T-12

83.8%

1,267,107

404,434

862,673

16,275

69,875

776,523

1.56

1.40

10.8%

9.7%

12,600,000

Market Value excluding Pad Site

4/4/2024

63.5%

91.0%

3/31/2024

Weis Markets

66,338

72.9%

4/30/2027

Luxy Spa And Nails, LLC

2,800

3.1%

1/31/2028

Lehigh Valley Dry Cleaners

2,800

3.1%

9/30/2025

New Imperial Chinese Restaurant (Wei G You)

2,000

2.2%

6/30/2027

Lendmark Financial Services

1,400

1.5%

4/30/2029

4/9/2024

NAP

4/9/2024

NAP

Fee

NAP

4,020

2,010

Springing

1,353

16,239

17,065

204,775

62,454

NAP

Hard

Springing

Yes

NAP

Time Equities

TEI LLC

Yes

Refinance

NAP

27.00

Loan

Powers Ferry Shopping Center

0.7%

100%

WFB

NAP

6370 & 6380 Powers Ferry Road NW

Sandy Springs

Fulton

30339

Retail

Anchored

2009

NAP

25,878

289.82

7,500,000

7.62500%

NAP

48,318.14

NAP

579,817.68

Interest Only

Actual/360

4/30/2024

1/11/1900

6/11/2024

NAP

5/11/2031

NAP

L(24),YM1(53),O(7)

945,923

157,324

788,599

2/29/2024

T-12

946,256

161,639

784,617

12/31/2023

T-12

886,044

156,882

729,162

12/31/2022

T-12

93.4%

981,319

172,208

809,112

5,176

12,939

790,997

1.40

1.36

10.8%

10.5%

11,650,000

As Is

3/21/2024

64.4%

93.4%

4/18/2024

CVS Pharmacy

12,900

49.8%

1/31/2030

Pro Balance Fitness LLC

2,800

10.8%

2/28/2026

Porter Pizza & Brewery Powers Ferry LLC

2,277

8.8%

1/31/2025

Powers Ferry Family Dentistry

1,991

7.7%

4/15/2025

Rio Brazilian Wax

1,410

5.4%

6/30/2027

4/1/2024

NAP

3/29/2024

NAP

Fee

NAP

49,134

8,189

1,388

432

1,079

Springing

Key Tenant Reserve Funds

NAP

Hard

Springing

Yes

NAP

Jonathan Penner

Refinance

NAP

28.00

Loan

Bon Aire Park Owners, Inc.

0.6%

100%

NCB

NAP

1-25 Milford Lane, 1-10 Oxford Court & 23-69 Bon Aire Circle

Suffern

Rockland

10901

Multifamily

Cooperative

1965

2003

189

Units

37,037.04

7,000,000

6,007,049

6.35000%

43,556.50

NAP

522,678.00

NAP

Amortizing Balloon

Actual/360

120

360

5/9/2024

1/1/1900

7/1/2024

6/1/2034

NAP

YM1(113),1%(3),O(4)

NAP

97.0%

5,376,475

2,052,856

3,323,619

66,150

3,257,469

6.36

6.23

47.5%

46.5%

36,800,000

As Is

4/2/2024

19.0%

16.3%

97.0%

4/2/2024

NAP

4/8/2024

NAP

4/9/2024

NAP

Fee

NAP

487,500

66,000

Springing

NAP

None

NAP

Yes

Unsecured

NAP

Refinance

NAP

54,300,000

12.9%

0.0%

NAP

29.00

Loan

303 Self Storage Broadway

0.6%

100%

GSBI

GSMC

NAP

1699 South Broadway

Denver

80210

Self Storage

1999

NAP

85,589

78.28

6,700,000

6.19900%

NAP

35,091.79

NAP

421,101.48

Interest Only

Actual/360

120

119

120

119

5/6/2024

1/6/1900

6/6/2024

NAP

5/6/2034

NAP

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

1,681,666

638,298

1,043,368

3/31/2024

T-12

1,681,708

637,771

1,043,936

12/31/2023

T-12

1,661,604

595,614

1,065,990

12/31/2022

T-12

100.0%

1,682,383

725,882

956,502

17,974

938,528

2.27

2.23

14.3%

14.0%

19,330,000

As Is

3/4/2024

34.7%

79.9%

3/31/2024

NAP

3/18/2024

NAP

3/15/2024

NAP

Fee

NAP

27,386

Springing

NAP

None

NAP

Harvey L Saipe and Marcus G. Aden

Refinance

NAP

30.00

Loan

Snapbox Drop n Roll

0.6%

WFB

NAP

Various

Self Storage

Various

80,700

81.47

6,575,000

6.22300%

NAP

34,570.42

NAP

414,845.04

Interest Only

Actual/360

120

116

120

116

1/12/2024

1/11/1900

3/11/2024

NAP

2/11/2034

NAP

L(28),D(87),O(5)

853,358

210,251

643,107

11/30/2023

T-12

667,558

173,785

493,773

12/31/2022

T-12

NAV

84.0%

907,926

192,206

715,719

8,070

-4,000

711,649

1.73

1.72

10.9%

10.8%

11,750,000

As Is

12/1/2023

56.0%

86.1%

11/10/2023

13,090

1,870

1,837

80,000

16,140

NAP

Springing

Yes

NAP

Jacob Ramage

Yes

Acquisition

NAP

30.01

Property

2222 Hwy 163

0.3%

44%

2222 NC-163

West Jefferson

Ashe

28694

Self Storage

2021-2022

NAP

29,000

2,860,279

306,659

76,653

230,006

11/30/2023

T-12

239,891

63,549

176,342

12/31/2022

T-12

NAV

89.1%

382,351

71,851

310,500

2,900

-1,000

308,600

4,750,000

As Is

12/1/2023

90.7%

11/10/2023

NAP

11/30/2023

NAP

11/30/2023

NAP

Yes - AE

Fee

NAP

30.02

Property

Millers Creek

0.2%

28%

165 Green Acres Mill Road

Millers Creek

Wilkes

28651

Self Storage

2019, 2022

NAP

28,875

1,864,826

305,337

74,982

230,355

11/30/2023

T-12

238,857

61,935

176,922

12/31/2022

T-12

NAV

70.5%

270,735

66,902

203,833

2,888

-1,000

201,945

4,100,000

As Is

12/1/2023

72.2%

11/10/2023

NAP

11/29/2023

NAP

11/29/2023

NAP

Fee

NAP

30.03

Property

Mt. Jefferson Road

0.1%

15%

1548 Mount Jefferson Road

West Jefferson

Ashe

28694

Self Storage

2020

NAP

9,675

959,031

102,308

26,092

76,216

11/30/2023

T-12

80,033

21,720

58,313

12/31/2022

T-12

NAV

95.0%

128,624

24,522

104,102

968

-1,000

104,135

1,500,000

As Is

12/1/2023

96.9%

11/10/2023

NAP

11/29/2023

NAP

11/29/2023

NAP

Fee

NAP

30.04

Property

1992 NC-163

0.1%

14%

1992 NC-163

West Jefferson

Ashe

28694

Self Storage

2019

NAP

13,150

890,864

139,054

32,524

106,530

11/30/2023

T-12

108,778

26,582

82,196

12/31/2022

T-12

NAV

95.0%

126,216

28,931

97,285

1,315

-1,000

96,970

1,400,000

As Is

12/1/2023

98.5%

11/10/2023

NAP

11/30/2023

NAP

11/30/2023

NAP

Fee

NAP

31.00

Loan

Hampton Inn & Suites Center, TX

0.6%

100%

GSBI

GSMC

NAP

141 Express Boulevard

Center

Shelby

75935

Hospitality

Limited Service

2011

2023

Rooms

90,869.55

6,000,000

5,997,391

5,385,271

8.08500%

44,381.92

NAP

532,583.04

NAP

Amortizing Balloon

Actual/360

120

119

360

359

4/30/2024

1/6/1900

6/6/2024

5/6/2034

NAP

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

2,059,517

1,040,572

1,018,945

3/31/2024

T-12

1,996,969

1,011,196

985,773

12/31/2023

T-12

2,017,466

957,437

1,060,030

12/31/2022

T-12

100.0%

2,053,903

1,146,167

907,737

82,156

825,581

1.70

1.55

15.1%

13.8%

8,400,000

As Is

2/21/2024

71.4%

64.1%

73.7%

3/31/2024

NAP

4/12/2024

NAP

2/29/2024

NAP

Fee

NAP

41,251

8,250

32,819

4,688

6,846

60,000

Springing

Seasonality Reserve

60,000

NAP

Hard

Springing

Yes

NAP

Ramazan Ceker

Refinance

3/31/2035

4/24/1900

3/25/1900

1/0/1900

4/24/1900

3/25/1900

1/0/1900

4/25/1900

3/22/1900

1/0/1900

4/7/1900

3/23/1900

1/0/1900

32.00

Loan

Vigouroux Marketplace Mobile AL

0.5%

100%

MSBNA

MSMCH

Group 4

NAP

9948 Airport Boulevard

Mobile

36608

Retail

Anchored

1997

NAP

66,125

83.18

5,500,000

7.23000%

NAP

33,597.74

NAP

403,172.88

Interest Only

Actual/360

120

119

120

119

4/19/2024

1/1/1900

6/1/2024

NAP

5/1/2034

NAP

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

781,560

148,791

632,769

12/31/2023

T-12

779,062

174,376

604,685

12/31/2022

T-12

719,660

149,585

570,075

12/31/2021

T-12

94.4%

810,648

208,065

602,582

9,919

31,359

561,304

1.49

1.39

11.0%

10.2%

8,400,000

As Is

2/9/2024

65.5%

100.0%

12/31/2023

WinnDixie

44,000

66.5%

7/14/2032

Walgreens

10,125

15.3%

1/31/2043

Infinity Liquor

2,400

3.6%

9/30/2025

Divine Designs

1,200

1.8%

9/30/2024

3:16 Beauty Supply

1,200

1.8%

5/31/2028

2/27/2024

NAP

2/27/2024

NAP

Fee

NAP

40,352

5,044

27,572

2,673

18,430

827

49,604

3,582

150,000

47,125

NAP

Springing

Yes

NAP

Blue Jay Management

Marc Jacobowitz and Yerachmeal Jacobson

Refinance

NAP

33.00

Loan

740 Veterans Memorial Hwy

0.5%

100%

BANA

NAP

740 Veterans Memorial Highway Southeast

Mableton

Cobb

30126

Industrial

Warehouse/Distribution

1996, 2000

NAP

86,900

59.23

5,150,000

5,147,513

4,590,592

7.79500%

37,055.51

NAP

444,666.12

NAP

Amortizing Balloon

Actual/360

120

119

360

359

4/29/2024

1/1/1900

6/1/2024

5/1/2034

NAP

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

608,655

54,143

554,512

12/31/2023

T-12

562,930

67,740

495,190

12/31/2022

T-12

568,412

72,602

495,810

12/31/2021

T-12

95.0%

725,888

132,575

593,314

13,035

30,416

549,863

1.33

1.24

11.5%

10.7%

7,050,000

As Is

4/11/2024

73.0%

65.1%

100.0%

3/29/2024

MSC Properties

49,100

56.5%

1/31/2039

JMV Quartz

15,000

17.3%

1/31/2034

Kenny's Warehouse Deal

10,000

11.5%

11/15/2025

Flowers and Décor

10,000

11.5%

6/30/2026

Pallets Inc

2,800

3.2%

1/31/2026

2/9/2024

NAP

2/9/2024

NAP

Fee

NAP

40,443

4,494

18,635

6,212

75,000

1,086

2,535

24,375

6,250

Environmental Reserve

NAP

Hard

Springing

Yes

NAP

Gursharan S. Pannu

Refinance

NAP

34.00

Loan

97 Greenwich (NYC Equinox)

0.5%

100%

JPMCB

NAP

97-101 Greenwich Avenue

New York

10014

Retail

Single Tenant

1920

2018

38,923

128.46

5,000,000

6.95100%

NAP

29,364.76

NAP

352,377.12

Interest Only

Actual/360

120

5/17/2024

1/1/1900

7/1/2024

NAP

6/1/2034

NAP

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

NAV

95.0%

1,433,019

262,808

1,170,210

7,785

38,923

1,123,503

3.32

3.19

23.4%

22.5%

23,300,000

As Is

3/13/2024

21.5%

100.0%

6/1/2024

Yes

Equinox Greenwich Avenue, Inc

38,923

100.0%

11/30/2035

NAP

3/21/2024

NAP

3/21/2024

NAP

Fee

NAP

Springing

NAP

Hard

Springing

Yes

NAP

ALMI Greenwich Associates

Edmondo Schwartz

Recapitalization

NAP

35.00

Loan

1130 West C Street

0.4%

100%

WFB

NAP

1130 West C Street

Wilmington

Los Angeles

90744

Industrial

Cold Storage/Warehouse

1967

NAP

36,477

130.22

4,750,000

6.65000%

NAP

26,688.51

NAP

320,262.12

Interest Only

Actual/360

120

115

120

115

12/18/2023

1/11/1900

2/11/2024

NAP

1/11/2034

NAP

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

NAV

95.0%

1,265,206

237,486

1,027,720

11,858

23,499

992,363

3.21

3.10

21.6%

20.9%

18,300,000

As Is

9/21/2023

26.0%

100.0%

6/1/2024

Yes

ICPK Corporation

36,477

100.0%

12/18/2038

NAP

9/28/2023

NAP

9/27/2023

18%

Fee

NAP

Springing

NAP

Springing

Yes

NAP

ICPK Corporation

Recapitalization

NAP

36.00

Loan

Wesley Park Townhomes

0.4%

100%

MSBNA

MSMCH

NAP

135 Wesley Drive

Mechanicsburg

Cumberland

17055

Multifamily

Garden

1968

2014

160

Units

26,250.00

4,200,000

3,241,567

5.81000%

26,574.96

NAP

318,899.52

NAP

Amortizing Balloon

Actual/360

120

300

5/10/2024

1/1/1900

7/1/2024

6/1/2034

NAP

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

2,279,725

943,637

1,336,089

2/29/2024

T-12

2,246,398

924,525

1,321,873

12/31/2023

T-12

2,117,455

872,910

1,244,545

12/31/2022

T-12

94.9%

2,252,374

934,253

1,318,121

40,000

1,278,121

4.13

4.01

31.4%

30.4%

22,600,000

As Is

3/20/2024

18.6%

14.3%

97.5%

3/18/2024

NAP

4/3/2024

NAP

3/22/2024

NAP

Fee

NAP

Springing

84,125

NAP

Springing

Yes

NAP

Rhodes Development Group, Inc.

Wesley Park, LLC

Refinance

NAP

37.00

Loan

67th Road Housing Corporation

0.4%

100%

NCCB

NCB

NAP

99-21 67th Road

Forest Hills

Queens

11375

Multifamily

Cooperative

1946

2020

Units

48,018.28

3,800,000

3,793,444

3,252,791

6.26000%

23,421.97

NAP

281,063.64

NAP

Amortizing Balloon

Actual/360

120

118

360

358

3/20/2024

1/1/1900

5/1/2024

4/1/2034

NAP

YM1(113),1%(3),O(4)

NAP

95.0%

1,867,441

816,449

1,050,992

15,700

1,035,292

3.74

3.68

27.7%

27.3%

24,800,000

As Is

1/31/2024

15.3%

13.1%

95.0%

1/31/2024

NAP

2/16/2024

NAP

2/20/2024

NAP

Fee

NAP

Springing

116,904

Collateral Security Agreement For Capital Improvements

NAP

None

NAP

Greater of (A) 5.50% or (B) Prime Rate

4,093,444

25,576.48

16.5%

3.37

25.7%

NAP

Yes

Unsecured

NAP

Refinance

NAP

300,000

17,200,000

22.1%

3.8%

-7,599

38.00

Loan

AAA Storage Greensboro and Kernersville

0.3%

MSBNA

MSMCH

NAP

Various

Self Storage

1994

Various

87,600

39.95

3,500,000

6.32000%

NAP

18,689.35

NAP

224,272.20

Interest Only

Actual/360

120

5/14/2024

1/1/1900

7/1/2024

NAP

6/1/2034

NAP

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

825,113

327,774

497,339

3/31/2024

T-12

821,835

320,639

501,196

12/31/2023

T-12

778,598

297,413

481,184

12/31/2022

T-12

90.9%

819,691

313,478

506,212

12,683

493,529

2.26

2.20

14.5%

14.1%

6,350,000

As Is

4/1/2024

55.1%

94.9%

4/30/2024

14,540

1,454

Springing

1,057

25,365

30,625

NAP

Springing

Yes

NAP

AAA Self Storage

Cecil S. Little, Mary Caitlyn Fulp Stogner, Ashley Fulp Jones, Bryce A. Rush and Chelsea Rush Hockaday

Refinance

NAP

38.01

Property

AAA Storage A15 Greensboro

0.2%

66%

3702 Groometown Road

Greensboro

Guilford

27407

Self Storage

1994

NAP

56,150

2,300,000

512,139

186,090

326,050

3/31/2024

T-12

508,954

182,055

326,899

12/31/2023

T-12

483,833

170,343

313,490

12/31/2022

T-12

90.2%

510,480

177,433

333,047

7,973

325,074

4,025,000

As Is

4/1/2024

93.6%

4/30/2024

NAP

4/16/2024

NAP

4/16/2024

NAP

Fee

NAP

38.02

Property

AAA Storage A2 Kernersville

0.1%

34%

1601 Brookford Industrial Drive

Kernersville

Forsyth

27284

Self Storage

1994

2020

31,450

1,200,000

312,974

141,685

171,289

3/31/2024

T-12

312,880

138,583

174,297

12/31/2023

T-12

294,764

127,070

167,694

12/31/2022

T-12

92.0%

309,211

136,046

173,165

4,710

168,455

2,325,000

As Is

4/1/2024

97.3%

4/30/2024

NAP

4/16/2024

NAP

4/16/2024

NAP

Fee

NAP

39.00

Loan

321 Apartments Corp.

0.3%

100%

NCB

NAP

321 East 54th Street a/k/a 319/323 East 54th Street

New York

10022

Multifamily

Cooperative

1929

1999

100

Units

31,945.92

3,200,000

3,194,592

2,746,155

6.35000%

19,911.54

NAP

238,938.48

NAP

Amortizing Balloon

Actual/360

120

118

360

358

3/29/2024

5/1/2024

4/1/2034

NAP

YM1(113),1%(3),O(4)

NAP

95.0%

3,045,700

1,487,666

1,558,034

50,500

1,507,534

6.52

6.31

48.8%

47.2%

42,400,000

As Is

2/5/2024

7.5%

6.5%

95.0%

2/5/2024

NAP

2/20/2024

NAP

2/22/2024

NAP

Fee

NAP

Springing

NAP

None

NAP

Greater of (A) 5.50% or (B) Prime Rate

3,694,592

23,502.40

8.7%

5.35

42.2%

NAP

Yes

Unsecured

NAP

Refinance

NAP

500,000

26,200,000

12.2%

0.0%

NAP

40.00

Loan

St. Marks Owners Corp.

0.3%

100%

NCCB

NCB

NAP

87 St. Marks Place a/k/a 87/91 Saint Marks Place

New York

10009

Multifamily

Cooperative

1903

1998

Units

120,000.00

3,000,000

7.00000%

NAP

17,743.06

NAP

212,916.72

Interest Only

Actual/360

120

5/15/2024

7/1/2024

NAP

6/1/2034

NAP

YM1(113),1%(3),O(4)

NAP

95.0%

829,787

324,373

505,414

3,800

501,614

2.37

2.36

16.8%

16.7%

12,700,000

As Is

2/5/2024

23.6%

95.0%

2/5/2024

NAP

2/26/2024

NAP

2/27/2024

NAP

Fee

NAP

14,500

Springing

1,500,000

Collateral Security Agreement For Capital Improvements

NAP

None

NAP

Greater of (A) 5.50% or (B) Prime Rate

3,100,000

18,461.23

24.4%

2.26

16.3%

NAP

Yes

Unsecured

NAP

Refinance

NAP

100,000

7,200,000

41.7%

8.0%

-30,859

41.00

Loan

Pool Portfolio

0.3%

WFB

NAP

Various

Industrial

Warehouse

Various

NAP

72,572

41.29

3,000,000

2,996,190

2,656,141

7.53300%

21,044.27

NAP

252,531.24

NAP

Amortizing Balloon

Actual/360

120

118

360

358

3/21/2024

5/11/2024

4/11/2034

NAP

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

464,943

107,915

357,028

12/31/2023

T-12

448,524

98,402

350,122

12/31/2022

T-12

419,547

63,694

355,853

12/31/2021

T-12

95.0%

546,912

137,620

409,291

3,710

16,407

389,174

1.62

1.54

13.7%

13.0%

5,825,000

As Is

Various

51.4%

45.6%

100.0%

6/1/2024

Springing

300,000

Springing

300,000

3,024

NAP

Hard

In Place

Yes

NAP

C. Dee Adcock, Sandra Adcock, Dee Adcock Trust and SJA Trust

Refinance

NAP

41.01

Property

3411 Inventors Road

0.1%

50%

3411 Inventors Road

Norfolk

Norfolk City

23502

Industrial

Warehouse

1966

NAP

32,694

1,500,000

1,498,095

1,328,071

203,875

52,017

151,858

12/31/2023

T-12

196,854

36,571

160,283

12/31/2022

T-12

173,859

19,047

154,812

12/31/2021

T-12

95.0%

241,454

59,398

182,056

366

7,244

174,446

2,950,000

As Is

1/18/2024

100.0%

6/1/2024

Yes

SCP Distributors LLC

32,694

100.0%

1/31/2029

NAP

1/22/2024

NAP

1/22/2024

NAP

Fee

NAP

41.02

Property

1699 South 19th Street

0.1%

50%

1699 South 19th Street

Harrisburg

Dauphin

17104

Industrial

Warehouse

1975

NAP

39,878

1,500,000

1,498,095

1,328,071

261,068

55,898

205,170

12/31/2023

T-12

251,670

61,831

189,839

12/31/2022

T-12

245,688

44,647

201,041

12/31/2021

T-12

95.0%

305,458

78,223

227,235

3,344

9,164

214,728

2,875,000

As Is

1/17/2024

100.0%

6/1/2024

Yes

SCP Distributors LLC

39,878

100.0%

1/31/2029

NAP

1/22/2024

NAP

1/22/2024

NAP

Fee

NAP

42.00

Loan

Bluejay Family Dollar Portfolio

0.3%

BANA

Group 4

NAP

Various

Retail

Single Tenant

Various

34,166

80.34

2,750,000

2,744,843

2,428,244

7.39400%

19,029.19

NAP

228,350.28

NAP

Amortizing Balloon

Actual/360

120

117

360

357

2/29/2024

4/1/2024

3/1/2034

NAP

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

NAV

95.0%

311,144

9,334

301,810

6,833

10,250

284,727

1.32

1.25

11.0%

10.4%

4,630,000

As Is

12/28/2023

59.3%

52.4%

100.0%

6/1/2024

9,464

1,918

Springing

569

88,223

T&I Reconciliation Reserve

NAP

Hard

Springing

Yes

NAP

Bluejay Management

Mark Jacobowitz and Yerachmeal Jacobson

Refinance

NAP

42.01

Property

Family Dollar - Axton, VA

0.1%

28%

3465 A L Philpott Highway

Axton

Henry

24054

Retail

Single Tenant

2014

NAP

8,346

772,138

770,690

681,796

NAV

95.0%

85,025

2,551

82,474

1,669

2,504

78,302

1,300,000

As Is

12/28/2023

100.0%

6/1/2024

Yes

Family Dollar

8,346

100.0%

3/31/2034

NAP

1/10/2024

NAP

1/10/2024

NAP

Fee

NAP

42.02

Property

Family Dollar - Gladys, VA

0.1%

27%

8438 Brookneal Highway

Gladys

Campbell

24554

Retail

Single Tenant

2013

NAP

8,320

742,441

741,048

655,573

NAV

95.0%

82,938

2,488

80,450

1,664

2,496

76,290

1,250,000

As Is

12/28/2023

100.0%

6/1/2024

Yes

Family Dollar

8,320

100.0%

9/30/2033

NAP

1/10/2024

NAP

1/10/2024

NAP

Fee

NAP

42.03

Property

Family Dollar - Patterson, LA

0.1%

25%

604 Catherine Street

Patterson

St. Mary

70392

Retail

Single Tenant

2013

2018

9,180

688,985

687,693

608,372

NAV

95.0%

77,300

2,319

74,981

1,836

2,754

70,391

1,160,000

As Is

12/28/2023

100.0%

6/1/2024

Yes

Family Dollar

9,180

100.0%

6/30/2030

NAP

1/10/2024

NAP

1/10/2024

NAP

Yes - AE

Fee

NAP

42.04

Property

Family Dollar - Prescott, AR

0.1%

20%

1100 West 1st Street North

Prescott

Nevada

71857

Retail

Single Tenant

2013

NAP

8,320

546,436

545,412

482,502

NAV

95.0%

65,882

1,976

63,905

1,664

2,496

59,745

920,000

As Is

12/28/2023

100.0%

6/1/2024

Yes

Family Dollar

8,320

100.0%

6/30/2029

NAP

1/10/2024

NAP

1/10/2024

NAP

Yes - A

Fee

NAP

43.00

Loan

214 West 17 Apartment Corp. a/k/a 214 West 17th Apartment Corp.

0.2%

100%

NCCB

NCB

NAP

214 West 17th Street a/k/a 214/216 West 17th Street

New York

10011

Multifamily

Cooperative

1895

2005

Units

224,951.53

2,700,000

2,699,418

2,552,585

6.79000%

16,368.41

NAP

196,420.92

NAP

Amortizing Balloon

Actual/360

120

119

480

479

4/30/2024

6/1/2024

5/1/2034

NAP

YM1(113),1%(3),O(4)

NAP

95.5%

1,650,575

511,172

1,139,403

3,000

1,136,403

5.80

5.79

42.2%

42.1%

30,400,000

As Is

2/22/2024

8.9%

8.4%

95.5%

2/22/2024

NAP

3/5/2024

NAP

3/7/2024

NAP

Fee

NAP

68,250

22,750

Springing

1,100,000

Collateral Security Agreement For Capital Improvements

NAP

None

NAP

Greater of (A) 5.50% or (B) Prime Rate

2,949,418

18,164

NAP

Yes

Unsecured

NAP

Refinance

NAP

250,000

21,600,000

12.5%

0.0%

NAP

44.00

Loan

West 23rd Street Owners Corp.

0.2%

100%

NCCB

NCB

NAP

400-410 West 23rd Street

New York

10011

Multifamily

Cooperative

1890

2004

Units

40,983.61

2,500,000

6.69000%

NAP

14,131.08

NAP

169,572.96

Interest Only

Actual/360

120

5/17/2024

7/1/2024

NAP

6/1/2034

NAP

YM1(113),O(7)

NAP

96.1%

2,981,317

1,470,018

1,511,299

15,250

1,496,049

8.91

8.82

60.5%

59.8%

50,250,000

As Is

3/21/2024

5.0%

96.1%

3/21/2024

NAP

4/4/2024

NAP

4/5/2024

NAP

Fee

NAP

247,784

61,946

Springing

850,000

Collateral Security Agreement For Capital Improvements

NAP

None

NAP

Greater of (A) 5.50% or (B) Prime Rate

3,000,000

17,722

NAP

Yes

Unsecured

NAP

Refinance

NAP

500,000

28,500,000

8.8%

3.3%

-34,381

45.00

Loan

Greystone Views, Inc. a/k/a Greystone Views Inc.

0.2%

100%

NCCB

NCB

NAP

3425/3475 Greystone Avenue a/k/a 3500/3520 Riverdale Avenue

Bronx

10463

Multifamily

Cooperative

1957

1999

Units

45,454.55

2,500,000

6.44000%

NAP

13,603.01

NAP

163,236.12

Interest Only

Actual/360

120

118

120

118

3/28/2024

5/1/2024

NAP

4/1/2034

NAP

YM1(113),1%(3),O(4)

NAP

95.0%

1,548,975

681,812

867,163

12,200

854,963

5.31

5.24

34.7%

34.2%

14,000,000

As Is

1/24/2024

17.9%

95.0%

1/24/2024

NAP

2/5/2024

NAP

2/7/2024

NAP

Fee

NAP

45,750

15,250

Springing

$500,000, $85,000

Collateral Security Agreement For Capital Improvements, Collateral Security Agreement Re: Maintenance Arrears

NAP

None

NAP

Greater of (A) 5.00% or (B) Prime Rate

3,000,000

17,194

NAP

Yes

Unsecured

NAP

Refinance

NAP

500,000

13,700,000

18.2%

0.0%

NAP

46.00

Loan

929 Park Avenue Apartments Corp.

0.2%

100%

NCCB

NCB

NAP

929 Park Avenue a/k/a 929/931 Park Avenue

New York

10028

Multifamily

Cooperative

1912

2000

Units

61,794.32

2,350,000

2,348,184

2,196,185

6.23000%

13,308.76

NAP

159,705.12

NAP

Amortizing Balloon

Actual/360

120

118

480

478

3/28/2024

5/1/2024

4/1/2034

NAP

YM1(113),1%(3),O(4)

NAP

95.0%

3,424,545

1,694,967

1,729,578

11,900

1,717,678

10.83

10.76

73.7%

73.1%

78,600,000

As Is

2/2/2024

3.0%

2.8%

95.0%

2/2/2024

NAP

2/20/2024

NAP

2/20/2024

NAP

Fee

NAP

Springing

NAP

None

NAP

106,000

Greater of (A) 5.00% or (B) Prime Rate

2,848,184

16,900

NAP

Yes

Unsecured

NAP

Refinance

NAP

500,000

28,600,000

8.2%

0.0%

NAP

47.00

Loan

Layton Owners Inc.

0.2%

100%

NCB

NAP

42-02/04 Layton Street

Elmhurst

Queens

11373

Multifamily

Cooperative

1926

2018

Units

24,657.29

2,200,000

2,194,499

1,884,928

6.27000%

13,574.41

NAP

162,892.92

NAP

Amortizing Balloon

Actual/360

120

117

360

357

2/28/2024

4/1/2024

3/1/2034

NAP

YM1(113),1%(3),O(4)

NAP

95.0%

2,204,638

780,469

1,424,169

19,500

1,404,669

8.74

8.62

64.9%

64.0%

30,700,000

As Is

12/1/2023

7.1%

6.1%

95.0%

12/1/2023

NAP

12/15/2023

NAP

12/15/2023

NAP

Fee

NAP

22,422

Springing

114,375

Collateral Security Agreement For Capital Improvements

NAP

None

NAP

Yes

Unsecured

NAP

Refinance

NAP

23,400,000

9.4%

22.5%

205,433

48.00

Loan

Auman Acres

0.2%

100%

MSBNA

MSMCH

NAP

3910 North Main Street

High Point

Forsyth

27265

Manufactured Housing

Manufactured Housing/RV Park

1950

2021-2023

Pads

27,922.08

2,150,000

6.47000%

NAP

11,753.08

NAP

141,036.96

Interest Only

Actual/360

120

117

120

117

2/29/2024

4/1/2024

NAP

3/1/2034

NAP

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

407,595

207,481

200,114

12/31/2023

T-12

381,662

193,371

188,291

12/31/2022

T-12

NAV

80.8%

406,915

186,197

220,718

4,050

216,668

1.56

1.54

10.3%

10.1%

4,100,000

As Is

12/22/2023

52.4%

84.4%

1/31/2024

NAP

1/3/2024

NAP

1/3/2024

NAP

Fee

NAP

5,628

804

Springing

335

5,775

NAP

Springing

Yes

NAP

Evergreen Communities, LLC

Acquisition

NAP

49.00

Loan

320 W. 89th St. Owners Corp.

0.1%

100%

NCCB

NCB

NAP

320 West 89th Street

New York

10024

Multifamily

Cooperative

1921

2004

Units

48,402.34

1,600,000

1,597,277

1,371,920

6.32000%

9,924.43

NAP

119,093.16

NAP

Amortizing Balloon

Actual/360

120

118

360

358

3/25/2024

5/1/2024

4/1/2034

NAP

YM1(113),1%(3),O(4)

NAP

96.0%

1,408,875

779,401

629,474

4,950

624,524

5.29

5.24

39.4%

39.1%

40,300,000

As Is

1/23/2024

4.0%

3.4%

96.0%

1/23/2024

NAP

2/1/2024

NAP

2/2/2024

NAP

Fee

NAP

56,698

28,349

Springing

NAP

None

NAP

Greater of (A) 5.50% or (B) Prime Rate

1,897,277

12,079

NAP

Yes

Unsecured

NAP

Refinance

NAP

300,000

11,900,000

13.4%

3.0%

-2,408

50.00

Loan

Kamgil House Realty Corp.

0.1%

100%

NCB

NAP

77-02/77-10 34th Avenue a/k/a 34-01 77th Street a/k/a 34-02 78th Street

Jackson Heights

Queens

11372

Multifamily

Cooperative

1950

1999

Units

15,613.54

1,500,000

1,498,900

1,291,213

6.45000%

9,431.75

NAP

113,181.00

NAP

Amortizing Balloon

Actual/360

120

119

360

359

4/15/2024

6/1/2024

5/1/2034

NAP

YM1(113),1%(3),O(4)

NAP

95.0%

2,207,306

884,401

1,322,905

28,800

1,294,105

11.69

11.43

88.3%

86.3%

22,400,000

As Is

2/2/2024

6.7%

5.8%

95.0%

2/2/2024

NAP

2/15/2024

NAP

2/21/2024

NAP

Fee

NAP

75,750

25,250

Springing

175,000

Collateral Security Agreement For Capital Improvements

NAP

None

NAP

Yes

Unsecured

NAP

Refinance

NAP

21,600,000

6.9%

50.0%

438,165

51.00

Loan

250 Equities Corp.

0.1%

100%

NCCB

NCB

NAP

250 West 22nd Street

New York

10011

Multifamily

Cooperative

1889

2009

Units

56,521.74

1,300,000

1,127,013

6.72000%

8,405.87

NAP

100,870.44

NAP

Amortizing Balloon

Actual/360

120

360

5/17/2024

7/1/2024

6/1/2034

NAP

YM1(113),1%(3),O(4)

NAP

95.0%

830,883

414,073

416,810

9,600

407,210

4.13

4.04

32.1%

31.3%

17,100,000

As Is

3/20/2024

7.6%

6.6%

95.0%

3/20/2024

NAP

4/3/2024

NAP

4/3/2024

NAP

Fee

NAP

Springing

NAP

None

NAP

Greater of (A) 5.50% or (B) Prime Rate

1,700,000

11,279

NAP

Yes

Unsecured

NAP

Refinance

NAP

400,000

6,800,000

19.1%

17.4%

-4,264

52.00

Loan

368 West 23rd St. Apts., Inc.

0.1%

100%

NCCB

NCB

NAP

368 West 23rd Street a/k/a 208 9th Avenue

New York

10011

Multifamily

Cooperative

1899

2001

Units

142,857.14

1,000,000

872,035

6.94000%

6,612.78

NAP

79,353.36

NAP

Amortizing Balloon

Actual/360

120

360

5/8/2024

7/1/2024

6/1/2034

NAP

YM1(113),1%(3),O(4)

NAP

94.3%

773,737

272,394

501,343

2,900

498,443

6.32

6.28

50.1%

49.8%

8,600,000

As Is

3/11/2024

11.6%

10.1%

94.3%

3/11/2024

NAP

3/26/2024

NAP

3/28/2024

NAP

Fee

NAP

Springing

500,000

Collateral Security Agreement For Capital Improvements

NAP

None

NAP

Greater of (A) 5.50% or (B) Prime Rate

1,250,000

8,408

NAP

Yes

Unsecured

NAP

Recapitalization

NAP

250,000

7,200,000

13.9%

0.0%

NAP

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