WFCM 2024-C63 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herein is preliminary as of the date hereof, supersedes any such information previously delivered to you and will be superseded by any such information subsequently delivered and ultimately by the final prospectus relating to the securities.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, J.P. Morgan Securities LLC, SG Americas 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.
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.
Société Générale is the marketing name for SG Americas Securities, LLC.
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 (%) | Coop - Committed Secondary Debt | Coop - Rental Value | Coop - LTV as Rental | Coop - Unsold Percent | Coop - Sponsor Units | Coop - Investor Units | Coop - Coop Units | Coop - Sponsor/
Investor Carry |
| 1.00 | Loan | | 1 | Bridge Point Rancho Cucamonga | 9.1% | 100.0% | WFB | WFB | NAP | NAP | 12430 4th Street and 12415 6th Street | Rancho Cucamonga | San Bernardino | CA | 91730 | Industrial | Warehouse/Distribution | 2024 | NAP | 2,168,119 | SF | 123.43 | 65,000,000 | 65,000,000 | 65,000,000 | 5.8331% | | 5.83310% | NAP | 320,347.91 | NAP | 3,844,174.92 | Interest Only | No | Actual/360 | 84 | 83 | 84 | 83 | 0 | 0 | 6/28/2024 | 1 | 11 | 8/11/2024 | NAP | 7/11/2031 | NAP | 0 | 0 | L(25),D(52),O(7) | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | 100.0% | 51,204,198 | 7,913,376 | 43,290,822 | 21,681 | 0 | 43,269,141 | 2.74 | 2.73 | 16.2% | 16.2% | 775,900,000 | As Is | 5/6/2024 | 34.5% | 34.5% | 100.0% | 6/24/2024 | No | Chedraui USA | 1,422,524 | 65.6% | 1/31/2044 | CEVA Logistics | 745,595 | 34.4% | 4/30/2034 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 5/28/2024 | NAP | 5/16/2024 | 5/20/2024 | 6% | No | Fee | NAP | NAP | NAP | NAP | 0 | Springing | 0 | Springing | 0 | 0 | 0 | 0 | Springing | 0 | 0 | 0 | 0 | 0 | 380,631 | 0 | Existing TI/LC Reserve | 0 | 0 | NAP | Hard | Springing | Yes | Yes | Yes | No | 65,000,000 | 202,610,000 | 998,549.08 | 1,318,896.99 | 162,390,000 | 6.15297% | 430,000,000 | 2,235,436.79 | 55.4% | 1.61 | 10.1% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | No | NAP | BDP Realty Holdings, L.P. | NAP | No | No | Refinance | | 267,610,000 | 0 | 162,390,000 | 0 | 430,000,000 | 310,430,271 | 0 | 5,478,870 | 380,631 | 113,710,228 | 0 | 430,000,000 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | | | | | | | | |
| 2.00 | Loan | | 1 | Grapevine Mills | 8.4% | 100.0% | WFB, JPMCB | WFB, JPMCB | Group 1 | NAP | 3000 Grapevine Mills Parkway and 2501 Bass Pro Drive | Grapevine | Tarrant | TX | 76051 | Retail | Super Regional Mall | 1997 | 2015 | 1,628,140 | SF | 153.55 | 60,000,000 | 60,000,000 | 60,000,000 | 6.2640% | | 6.26400% | NAP | 317,550.00 | NAP | 3,810,600.00 | Interest Only | No | Actual/360 | 120 | 119 | 120 | 119 | 0 | 0 | 6/17/2024 | 1 | 1 | 8/1/2024 | NAP | 7/1/2034 | NAP | 0 | 0 | L(25),D(88),O(7) | 57,265,658 | 13,528,222 | 43,737,436 | 3/31/2024 | T-12 | 54,686,327 | 13,617,086 | 41,069,241 | 12/31/2023 | T-12 | 55,175,531 | 14,530,759 | 40,644,772 | 12/31/2022 | T-12 | 97.9% | 58,524,018 | 13,633,655 | 44,890,363 | 290,215 | 2,047,768 | 42,552,379 | 2.83 | 2.68 | 18.0% | 17.0% | 548,000,000 | As Is | 5/13/2024 | 45.6% | 45.6% | 96.2% | 5/9/2024 | No | Bass Pro Shops Outdoor World | 177,063 | 10.9% | 3/24/2029 | AMC Theatres | 108,733 | 6.7% | 12/31/2024 | Fieldhouse USA | 106,207 | 6.5% | 1/31/2027 | Burlington | 100,102 | 6.1% | 1/31/2028 | Round 1 Bowling and Amusement | 80,649 | 5.0% | 1/31/2027 | 5/21/2024 | NAP | 5/21/2024 | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP | 0 | Springing | 0 | Springing | 0 | Springing | 0 | 0 | 241,846 | 5,804,300 | 0 | 0 | 0 | 0 | 0 | 0 | NAP | 0 | 0 | NAP | Hard | Springing | Yes | No | Yes | Yes | 60,000,000 | 190,000,000 | 1,005,575.00 | 1,323,125.00 | NAP | NAP | 250,000,000 | 1,323,125 | 45.6% | 2.68 | 18.0% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | No | NAP | Simon Property Group, L.P. | Simon Property Group, L.P. | No | No | Refinance | | 250,000,000 | 21,252,453 | 0 | 0 | 271,252,453 | 268,857,947 | 0 | 2,394,506 | 0 | 0 | 0 | 271,252,453 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | | | | | | | | |
| 3.00 | Loan | | 1 | Marriott Myrtle Beach Grande Dunes Resort | 8.4% | 100.0% | WFB, JPMCB | WFB, JPMCB | NAP | NAP | 8400 Costa Verde Drive | Myrtle Beach | Horry | SC | 29572 | Hospitality | Full Service | 2003 | 2017 | 405 | Rooms | 246,716.66 | 60,000,000 | 59,952,149 | 51,203,539 | 6.1450% | | 6.14500% | 365,342.69 | NAP | 4,384,112.28 | NAP | Amortizing Balloon | No | Actual/360 | 0 | 0 | 120 | 119 | 360 | 359 | 7/2/2024 | 1 | 11 | 8/11/2024 | 8/11/2024 | 7/11/2034 | NAP | 0 | 0 | L(25),D(88),O(7) | 43,752,709 | 22,449,435 | 21,303,274 | 5/31/2024 | T-12 | 42,367,654 | 21,989,878 | 20,377,776 | 12/31/2023 | T-12 | 40,914,558 | 20,406,211 | 20,508,347 | 12/31/2022 | T-12 | 70.1% | 43,678,921 | 22,286,435 | 21,392,485 | 1,747,157 | 0 | 19,645,328 | 2.93 | 2.69 | 21.4% | 19.7% | 223,000,000 | Upon Completion | 4/25/2025 | 44.8% | 38.3% | 70.1% | 5/31/2024 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 5/1/2024 | NAP | 5/1/2024 | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP | 471,205 | 67,315 | 0 | Springing | 0 | 142,701 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 282,257 | 6,093,781 | 275,000 | Seasonality Reserve Funds (Upfront: $825,000; Monthly: $275,000); Replacement Comfort Letter Reserve Funds ($2,500); PIP Reserve (Upfront: $5,266,281; Monthly: Springing) | 1,650,000 | 0 | NAP | Hard | Springing | Yes | No | Yes | Yes | 59,952,149 | 39,968,099 | 243,561.80 | 608,904.49 | NAP | NAP | 99,920,248 | 608,904 | 44.8% | 2.69 | 21.4% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | No | NAP | William J. Yung III, Martha Yung, William J. Yung IV, Joseph A. Yung, Julie A. Haught, Judith A. Yung, Jennifer A. Yung, Michelle M. Christensen and Scott A. Yung | CSC Holdings, LLC | No | No | Refinance | | 100,000,000 | 2,395,813 | 0 | 0 | 102,395,813 | 95,070,064 | 0 | 478,506 | 6,847,243 | 0 | 0 | 102,395,813 | 8/6/2044 | $259.85 | $182.19 | 70.1% | $259.85 | $182.19 | 70.1% | $258.13 | $180.23 | 69.8% | $248.29 | $174.45 | 70.3% | | | | | | | | |
| 4.00 | Loan | | 1 | 610 Newport Center | 7.7% | 100.0% | WFB, JPMCB | WFB, JPMCB | NAP | NAP | 610 Newport Center Drive | Newport Beach | Orange | CA | 92660 | Office | Suburban | 1972 | 2022 | 285,638 | SF | 297.58 | 55,000,000 | 55,000,000 | 55,000,000 | 5.6660% | | 5.66600% | NAP | 263,298.50 | NAP | 3,159,582.00 | Interest Only | No | Actual/360 | 120 | 119 | 120 | 119 | 0 | 0 | 7/9/2024 | 1 | 11 | 8/11/2024 | NAP | 7/11/2034 | NAP | 0 | 0 | L(24),YM1(1),DorYM1(90),O(5) | 18,471,050 | 5,185,996 | 13,285,054 | 5/31/2024 | T-12 | 17,740,078 | 5,446,209 | 12,293,869 | 12/31/2023 | T-12 | 16,905,494 | 4,889,567 | 12,015,927 | 12/31/2022 | T-12 | 94.8% | 19,862,232 | 5,254,142 | 14,608,090 | 77,668 | 285,144 | 14,245,278 | 2.99 | 2.92 | 17.2% | 16.8% | 191,000,000 | As Is | 5/29/2024 | 44.5% | 44.5% | 92.4% | 6/25/2024 | No | Chipotle | 95,278 | 33.4% | 10/31/2029 | O'Melveny and Myers LLP | 45,156 | 15.8% | 6/30/2032 | Canterbury Consulting Inc | 15,887 | 5.6% | 5/31/2028 | Call and Jensen APC | 11,806 | 4.1% | 8/31/2029 | RBC Capital Markets, LLC | 11,227 | 3.9% | 3/31/2029 | 5/28/2024 | NAP | 6/3/2024 | 6/3/2024 | 12% | No | Fee | NAP | NAP | NAP | NAP | 0 | Springing | 0 | Springing | 0 | Springing | 0 | 0 | Springing | 0 | 0 | 0 | 0 | 0 | 2,583,149 | Springing | Rent Concession Reserve ($1,046,249); Existing TI/LC Reserve ($1,536,900); Leasing Event Period Springing Reserve (Springing) | 0 | 0 | NAP | Hard | Springing | Yes | No | Yes | Yes | 55,000,000 | 30,000,000 | 143,617.36 | 406,915.86 | NAP | NAP | 85,000,000 | 406,916 | 44.5% | 2.92 | 17.2% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | No | NAP | The Irvine Company LLC | Irvine Core Office LLC | No | No | Recapitalization | | 85,000,000 | 0 | 0 | 0 | 85,000,000 | 0 | 0 | 307,838 | 2,583,149 | 82,109,013 | 0 | 85,000,000 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | | | | | | | | |
| 5.00 | Loan | | 1 | Holiday Inn & Suites Ocean City | 7.4% | 100.0% | WFB | WFB | NAP | NAP | 1701 Atlantic Avenue | Ocean City | Worcester | MD | 21842 | Hospitality | Full Service | 2001 | 2021 | 210 | Rooms | 252,380.95 | 53,000,000 | 53,000,000 | 50,174,247 | 6.8450% | | 6.84500% | 347,110.51 | 306,519.73 | 4,165,326.12 | 3,678,236.76 | Interest Only, Amortizing Balloon | No | Actual/360 | 60 | 59 | 120 | 119 | 360 | 360 | 6/18/2024 | 1 | 11 | 8/11/2024 | 8/11/2029 | 7/11/2034 | NAP | 0 | 0 | L(25),D(91),O(4) | 19,191,124 | 12,129,506 | 7,061,618 | 5/31/2024 | T-12 | 19,439,763 | 11,969,419 | 7,470,344 | 12/31/2023 | T-12 | 18,787,992 | 11,371,194 | 7,416,798 | 12/31/2022 | T-12 | 69.6% | 19,134,895 | 11,924,981 | 7,209,914 | 765,396 | 0 | 6,444,519 | 1.73 | 1.55 | 13.6% | 12.2% | 88,700,000 | As Is | 5/6/2024 | 59.8% | 56.6% | 69.6% | 5/31/2024 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 5/14/2024 | NAP | 5/14/2024 | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP | 596,395 | 59,639 | 0 | Springing | 0 | 64,799 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 950,000 | 1,500,000 | Seasonality Reserve Funds (Upfront: $950,000.00; Monthly: Various); New PIP Deposit Reserve (Springing) | 0 | 0 | NAP | Hard | Springing | Yes | No | No | No | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | No | NAP | Harrison Group Hotels, John H. Harrison and Hale Harrison Irrevocable Trust | John H. Harrison and Hale Harrison Irrevocable Trust | No | No | Refinance | | 53,000,000 | 0 | 0 | 0 | 53,000,000 | 35,459,959 | 0 | 714,017 | 1,546,395 | 15,279,629 | 0 | 53,000,000 | 6/1/2041 | $315.68 | $219.88 | 69.6% | $315.68 | $219.88 | 69.6% | $311.92 | $224.09 | 71.8% | $304.89 | $215.64 | 70.7% | | | | | | | | |
| 6.00 | Loan | | 1 | St. Johns Town Center | 6.4% | 100.0% | JPMCB | JPMCB | Group 1 | NAP | 4663 River City Drive | Jacksonville | Duval | FL | 32246 | Retail | Super Regional Mall | 2005, 2008, 2014 | NAP | 1,022,042 | SF | 352.24 | 46,000,000 | 46,000,000 | 46,000,000 | 5.9480% | | 5.94800% | NAP | 231,173.43 | NAP | 2,774,081.16 | Interest Only | No | Actual/360 | 120 | 118 | 120 | 118 | 0 | 0 | 5/10/2024 | 2 | 1 | 7/1/2024 | NAP | 6/1/2034 | NAP | 0 | 0 | L(26),D(88),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% | 47.8% | 93.9% | 6/1/2024 | No | 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 | NAP | Yes - AE | Fee | NAP | NAP | NAP | NAP | 0 | Springing | 0 | Springing | 0 | Springing | 0 | 0 | Springing | 0 | 0 | 0 | 0 | 0 | 9,788,217 | 0 | Outstanding TI/LC Reserve ($8,393,631); Gap Rent Reserve ($1,394,586) | 0 | 0 | NAP | Hard | Springing | Yes | No | Yes | No | 46,000,000 | 314,000,000 | 1,578,009.90 | 1,809,183.33 | NAP | NAP | 360,000,000 | 1,809,183.33 | 47.8% | 2.09 | 13.3% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | No | NAP | Simon Property Group, L.P. | Simon Property Group, L.P. | No | No | Refinance | | 360,000,000 | 5,611,283 | 0 | 0 | 365,611,283 | 351,117,405 | 0 | 4,705,660 | 9,788,217 | 0 | 0 | 365,611,283 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | | | | | | | | |
| 7.00 | Loan | | 1 | Mercer Square Owners Corp. | 6.0% | 100.0% | NCCB | NCB | NAP | NAP | 250 Mercer Street | New York | New York | NY | 10012 | Multifamily | Cooperative | 1887 | 1999 | 258 | Units | 166,666.67 | 43,000,000 | 43,000,000 | 43,000,000 | 6.0300% | | 6.03000% | NAP | 219,076.04 | NAP | 2,628,912.48 | Interest Only | No | Actual/360 | 120 | 120 | 120 | 120 | 0 | 0 | 7/22/2024 | 0 | 1 | 9/1/2024 | NAP | 8/1/2034 | NAP | 10 | 10 | YM1(113),1%(3),O(4) | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 95.0% | 18,026,179 | 7,438,270 | 10,587,909 | 72,600 | 0 | 10,515,309 | 4.03 | 4.00 | 24.6% | 24.5% | 342,400,000 | As Is | 3/8/2024 | 12.6% | 12.6% | 95.0% | 3/8/2024 | No | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 3/25/2024 | NAP | 3/25/2024 | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP | 827,250 | 275,750 | 0 | Springing | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | $3,000,000, $656,250, $47,500 | 0 | Collateral Security Agreement For Capital Improvements, Collateral Security Agreements For Litigations, Collateral Security Agreement For Environmental Items | 0 | 0 | NAP | None | None | No | No | No | NAP | NAP | NAP | NAP | NAP | 0 | Greater of (A) 5.50% or (B) Prime Rate | 45,900,000 | 239,903.01 | 13.4% | 3.65 | 23.1% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | Yes | Unsecured | NAP | NAP | No | No | Refinance | | 43,000,000 | 0 | 0 | 0 | 43,000,000 | 34,104,853 | 0 | 347,514 | 8,547,633 | 0 | 0 | 43,000,000 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 2,900,000 | 170,400,000 | 25.2% | 0.8% | 2 | 0 | 0 | 1,446 |
| 8.00 | Loan | | 1 | 680 Madison Avenue | 5.6% | 100.0% | GSBI | AREF2 | NAP | NAP | 680 Madison Avenue | New York | New York | NY | 10065 | Retail | Anchored | 1951 | 2014 | 34,298 | SF | 3,498.75 | 40,000,000 | 40,000,000 | 40,000,000 | 6.7020% | | 6.70200% | NAP | 226,502.78 | NAP | 2,718,033.36 | Interest Only | No | Actual/360 | 120 | 118 | 120 | 118 | 0 | 0 | 5/21/2024 | 2 | 6 | 7/6/2024 | NAP | 6/6/2034 | NAP | 0 | 0 | L(26),D(87),O(7) | 19,571,723 | 5,800,442 | 13,771,281 | 12/31/2023 | T-12 | 20,058,808 | 5,739,516 | 14,319,292 | 12/31/2022 | T-12 | NAV | NAV | NAV | NAV | NAV | 95.0% | 22,248,609 | 7,119,627 | 15,128,981 | 6,860 | 137,192 | 14,984,930 | 1.86 | 1.84 | 12.6% | 12.5% | 185,000,000 | As Is | 4/23/2024 | 64.9% | 64.9% | 96.5% | 5/1/2024 | No | Tom Ford | 13,194 | 38.5% | 6/30/2032 | Oscar De La Renta | 7,697 | 22.4% | 5/31/2034 | Brioni | 6,469 | 18.9% | 1/31/2032 | Missoni | 3,544 | 10.3% | 9/30/2034 | Asprey | 1,622 | 4.7% | 11/30/2032 | 4/29/2024 | NAP | 4/29/2024 | NAP | NAP | No | Leasehold | 6/30/2169 | None | 4455000.00 | No | 711,037 | 118,506 | 18,068 | 9,034 | 0 | 715 | 0 | 0 | 7,145 | 0 | 0 | 0 | 0 | 0 | 2,404,903 | 371,250 | Unfunded TI Obligations Reserve ($1,720,700.47); Ground Rent Reserve (Upfront: $371,250; Monthly: $371,250); Free Rent Reserve ($312,952.27) | 0 | 0 | NAP | Hard | Springing | Yes | Yes | Yes | No | 40,000,000 | 80,000,000 | 453,005.55 | 679,508.33 | NAP | NAP | 120,000,000 | 679,508.33 | 64.9% | 1.84 | 12.6% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | No | NAP | Steven Tananbaum | Steven Tananbaum | No | No | Acquisition | | 120,000,000 | 63,663,742 | 0 | 0 | 183,663,742 | 0 | 177,651,354 | 2,878,380 | 3,134,008 | 0 | 0 | 183,663,742 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | | | | | | | | |
| 9.00 | Loan | | 1 | Arizona Grand Resort and Spa | 5.3% | 100.0% | WFB, GSBI | WFB, GSMC | NAP | NAP | 8000 South Arizona Grand Parkway | Phoenix | Maricopa | AZ | 85044 | Hospitality | Full Service | 1987 | 2017-2019 | 744 | Rooms | 168,010.75 | 38,000,000 | 38,000,000 | 38,000,000 | 5.5500% | | 5.55000% | NAP | 178,190.97 | NAP | 2,138,291.64 | Interest Only | No | Actual/360 | 120 | 120 | 120 | 120 | 0 | 0 | 7/26/2024 | 0 | 6 | 9/6/2024 | NAP | 8/6/2034 | NAP | 0 | 0 | L(24),D(89),O(7) | 99,370,667 | 69,105,823 | 30,264,845 | 4/30/2024 | T-12 | 94,844,651 | 66,725,487 | 28,119,164 | 12/31/2023 | T-12 | 93,704,479 | 62,651,235 | 31,053,244 | 12/31/2022 | T-12 | 63.2% | 99,267,457 | 69,043,990 | 30,223,467 | 3,766,975 | 0 | 26,456,492 | 4.30 | 3.76 | 24.2% | 21.2% | 318,800,000 | As Is | 6/4/2024 | 39.2% | 39.2% | 63.2% | 4/30/2024 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 7/12/2024 | NAP | 6/24/2024 | NAP | NAP | Yes - A | Fee/Leasehold | 7/30/2057 | None | 100.00 | No | 0 | Springing | 0 | Springing | 0 | 3.0% of Gross Revenue | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 650,000 | Springing | Seasonal Working Capital Reserve (Upfront: $650,000, Monthly: Springing); Custodial Funds and Hotel Tax Reserve (Monthly: Springing); Refundable Advance Payments Reserve (Springing); PIP Reserve (Springing) | Seasonal Working Capital Reserve ($3,250,000) | 0 | NAP | Hard | Springing | Yes | No | Yes | No | 38,000,000 | 87,000,000 | 407,963.54 | 586,154.51 | NAP | NAP | 125,000,000 | 586,154.51 | 39.2% | 3.76 | 24.2% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | No | NAP | Grossman Company Properties, Inc. | Southwest Recourse III, LLC | No | No | Refinance | | 125,000,000 | 0 | 0 | 0 | 125,000,000 | 110,983,664 | 0 | 2,074,466 | 650,000 | 11,291,870 | 0 | 125,000,000 | NAP | $219.51 | $138.72 | 63.2% | $219.51 | $138.72 | 63.2% | $229.41 | $141.85 | 61.8% | $230.70 | $147.44 | 63.9% | | | | | | | | |
| 10.00 | Loan | | 1 | 57 Willoughby | 4.4% | 100.0% | AREF2 | AREF2 | NAP | NAP | 57 Willoughby Street | Brooklyn | Kings | NY | 11201 | Office | CBD | 1929 | 2022 | 124,670 | SF | 250.26 | 31,200,000 | 31,200,000 | 27,314,943 | 7.0920% | | 7.09200% | 209,505.70 | NAP | 2,514,068.40 | NAP | Amortizing Balloon | No | Actual/360 | 0 | 0 | 120 | 120 | 360 | 360 | 7/31/2024 | 0 | 6 | 9/6/2024 | 9/6/2024 | 8/6/2034 | NAP | 0 | 0 | L(24),D(92),O(4) | 5,294,221 | 2,568,709 | 2,725,512 | 6/30/2024 | T-12 | 3,045,763 | 2,468,063 | 577,701 | 12/31/2023 | T-12 | 2,209,430 | 1,765,591 | 443,839 | 12/31/2022 | T-12 | 95.0% | 5,841,794 | 2,032,590 | 3,809,204 | 24,934 | 187,005 | 3,597,265 | 1.52 | 1.43 | 12.2% | 11.5% | 55,100,000 | As Is | 7/18/2024 | 56.6% | 49.6% | 100.0% | 7/10/2024 | No | JCCA | 67,679 | 54.3% | 10/31/2038 | Housing Works, Inc. | 40,616 | 32.6% | 3/31/2035 | Brooklyn Autism Center | 12,205 | 9.8% | 10/6/2028 | Quality Greens Kitchen | 3,059 | 2.5% | 6/30/2038 | Hot Peppers | 1,111 | 0.9% | 4/30/2033 | 7/15/2024 | NAP | 7/15/2024 | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP | 297,809 | 99,270 | 15,612 | 7,806 | 0 | 2,078 | 74,802 | 500,000 | 15,584 | 1,500,000 | 0 | 0 | 0 | 152,950 | 95,450 | 0 | Outstanding TI/LC Reserve ($80,000.00); Free Rent Reserve ($15,450.00) | 0 | 0 | NAP | Hard | Springing | Yes | Yes | No | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | No | NAP | Damien Smith and Peter Zuccarello | Gary Romaniello, Damien Smith and Peter Zuccarello | No | Yes | Acquisition | | 31,200,000 | 18,982,415 | 0 | 0 | 50,182,415 | 0 | 48,000,000 | 1,120,594 | 1,061,821 | 0 | 0 | 50,182,415 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | | | | | | | | |
| 11.00 | Loan | | 1 | Brooklyn Renaissance Plaza | 3.5% | 100.0% | AREF2 | AREF2 | NAP | NAP | 335 Adams Street | Brooklyn | Kings | NY | 11201 | Office | CBD | 1977 | 2001 | 139,216 | SF | 181.01 | 25,200,000 | 25,200,000 | 21,846,643 | 6.7210% | | 6.72100% | 162,961.24 | NAP | 1,955,534.88 | NAP | Amortizing Balloon | No | Actual/360 | 0 | 0 | 120 | 120 | 360 | 360 | 7/30/2024 | 0 | 6 | 9/6/2024 | 9/6/2024 | 8/6/2034 | NAP | 0 | 0 | L(24),D(92),O(4) | 6,409,924 | 4,598,509 | 1,811,415 | 3/31/2024 | T-12 | 6,100,753 | 4,382,914 | 1,717,839 | 12/31/2023 | T-12 | 5,560,511 | 3,671,361 | 1,889,150 | 12/31/2022 | T-12 | 95.9% | 7,560,037 | 4,742,286 | 2,817,751 | 58,471 | 139,216 | 2,620,064 | 1.44 | 1.34 | 11.2% | 10.4% | 41,900,000 | As Is | 4/25/2024 | 60.1% | 52.1% | 100.0% | 5/28/2024 | No | NYC Employees' Retirement System | 51,508 | 37.0% | 4/30/2035 | New York City Department of Ed. | 22,486 | 16.2% | 10/31/2030 | City of New York (KCDA) | 17,999 | 12.9% | 8/31/2030 | Metro Energy LLC | 12,618 | 9.1% | 6/30/2028 | Municipal Credit Union | 11,188 | 8.0% | 7/31/2026 | 5/20/2024 | NAP | 5/20/2024 | NAP | NAP | No | Leasehold | 6/19/2086 | None | 415,818 | No | 394,360 | 157,744 | 0 | Springing | 0 | 4,873 | 0 | 1,500,000 | 11,601 | 0 | 0 | 0 | 0 | 0 | 0 | 50,246 | Ground Rent Reserve | 0 | 0 | NAP | Hard | Springing | Yes | Yes | No | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | No | NAP | Joshua L. Muss | Joshua L. Muss | No | No | Refinance | | 25,200,000 | 3,931,075 | 0 | 0 | 29,131,075 | 25,482,579 | 0 | 1,754,137 | 1,894,360 | 0 | 0 | 29,131,075 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | | | | | | | | |
| 12.00 | Loan | | 1 | 30 E 85th St | 3.4% | 100.0% | JPMCB | JPMCB | NAP | NAP | 30 East 85th Street | New York | New York | NY | 10028 | Retail | Anchored | 1987 | NAP | 25,015 | SF | 959.42 | 24,000,000 | 24,000,000 | 24,000,000 | 6.5500% | | 6.55000% | NAP | 132,819.44 | NAP | 1,593,833.28 | Interest Only | No | Actual/360 | 120 | 120 | 120 | 120 | 0 | 0 | 7/24/2024 | 0 | 1 | 9/1/2024 | NAP | 8/1/2034 | NAP | 0 | 0 | L(24),D(90),O(6) | 3,111,564 | 1,490,450 | 1,621,114 | 6/30/2024 | T-12 | 2,882,153 | 1,568,704 | 1,313,449 | 12/31/2023 | T-12 | 3,402,051 | 1,503,573 | 1,898,478 | 12/31/2022 | T-12 | 95.0% | 3,805,655 | 1,501,788 | 2,303,867 | 5,003 | 25,015 | 2,273,849 | 1.45 | 1.43 | 9.6% | 9.5% | 49,000,000 | As Is | 6/26/2024 | 49.0% | 49.0% | 100.0% | 5/1/2024 | No | Equinox Holdings, Inc. | 14,110 | 56.4% | 12/31/2043 | Naftali Group | 5,635 | 22.5% | 5/31/2026 | James Perse Enterprises LLC | 3,450 | 13.8% | 2/29/2028 | Starbucks Corp. | 1,820 | 7.3% | 7/1/2033 | NAP | NAP | NAP | NAP | 6/26/2024 | NAP | 6/25/2024 | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP | 198,484 | 96,840 | 0 | Springing | 417 | 417 | 10,008 | 2,085 | 2,085 | 50,040 | 0 | 0 | 0 | 0 | 264,059 | Springing | Outstanding TI/LC Reserve ($264,058.50); Condominium Assessments Reserve (Monthly: Springing) | 0 | 0 | NAP | Hard | Springing | Yes | Yes | No | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | No | NAP | The Zucker Organization | Donald Zucker | No | No | Refinance | | 24,000,000.00 | 703,018 | 0 | 0 | 24,703,018 | 23,772,443 | 0 | 465,530 | 465,045 | 0 | 0 | 24,703,018 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | | | | | | | | |
| 13.00 | Loan | | 1 | Dallas Market Center | 3.1% | 100.0% | GSBI | GSMC | NAP | NAP | 2000 North Stemmons Freeway and 2050-2100 North Stemmons Freeway | Dallas | Dallas | TX | 75207 | Mixed Use | Merchandise Mart/Retail | 1957, 1958, 1974, 1979 | 1999, 2019 | 2,746,550 | SF | 86.29 | 22,000,000 | 22,000,000 | 22,000,000 | 6.5020% | | 6.50200% | NAP | 120,858.94 | NAP | 1,450,307.28 | Interest Only | No | Actual/360 | 120 | 118 | 120 | 118 | 0 | 0 | 5/31/2024 | 2 | 6 | 7/6/2024 | NAP | 6/6/2034 | NAP | 0 | 0 | L(26),D(87),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 | 94.0% | 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% | 37.2% | 91.1% | 3/31/2024 | No | 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 | NAP | Yes - AE | Fee | NAP | NAP | NAP | NAP | 1,264,708 | 210,785 | 0 | Springing | 1,000,000 | Springing | 1,000,000 | 1,500,000 | Springing | 1,500,000 | 0 | 0 | 0 | 0 | 431,802 | 0 | Unfunded Obligations Reserve | 0 | 0 | NAP | Hard | In Place | Yes | No | Yes | No | 22,000,000 | 215,000,000 | 1,181,121.41 | 1,301,980.35 | NAP | NAP | 237,000,000 | 1,301,980.35 | 37.2% | 2.46 | 17.0% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | Yes | Unsecured | Dallas Market Center Financial, L.L.C. | Dallas Market Center Financial, L.L.C. | No | No | Refinance | | 237,000,000 | 2,270,000 | 0 | 0 | 239,270,000 | 231,913,303 | 0 | 3,160,187 | 4,196,510 | 0 | 0 | 239,270,000 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | | | | | | | | |
| 14.00 | Loan | | 1 | Forest Green Apt. Corp. | 2.9% | 100.0% | NCCB | NCB | NAP | NAP | 2433-2453 Union Boulevard | Islip | Suffolk | NY | 11751 | Multifamily | Cooperative | 1965 | 2021 | 253 | Units | 80,632.41 | 20,400,000 | 20,400,000 | 20,400,000 | 6.3900% | | 6.39000% | NAP | 110,138.75 | NAP | 1,321,665.00 | Interest Only | No | Actual/360 | 120 | 119 | 120 | 119 | 0 | 0 | 6/28/2024 | 1 | 1 | 8/1/2024 | NAP | 7/1/2034 | NAP | 10 | 10 | YM1(113),1%(3),O(4) | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 94.0% | 6,955,925 | 2,463,520 | 4,492,405 | 88,900 | 0 | 4,403,505 | 3.40 | 3.33 | 22.0% | 21.6% | 72,500,000 | As Is | 2/5/2024 | 28.1% | 28.1% | 94.0% | 2/5/2024 | No | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 2/23/2024 | NAP | 2/23/2024 | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP | 0 | Springing | 0 | Springing | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | $250,000, $18,750 | 0 | Collateral Security Agreement Re: Maintenance Arrears, Collateral Security Agreement For Capital Improvements | 0 | 0 | NAP | None | None | No | No | No | NAP | NAP | NAP | NAP | NAP | 0 | Greater of (A) 5.00% or (B) Prime Rate | 20,900,000 | 113,729.61 | 28.8% | 3.23 | 21.5% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | Yes | Unsecured | NAP | NAP | No | No | Refinance | | 20,400,000 | 0 | 0 | 0 | 20,400,000 | 16,240,001 | 0 | 431,625 | 3,728,375 | 0 | 0 | 20,400,000 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 500,000 | 73,400,000 | 27.8% | 0.8% | 0 | 2 | 0 | NAV |
| 15.00 | Loan | | 1 | 900 North Michigan | 2.8% | 100.0% | GSBI | GSMC | NAP | NAP | 900 North Michigan Avenue | Chicago | Cook | IL | 60611 | Mixed Use | Retail/Office | 1988 | 2015-2018 | 831,350 | SF | 216.52 | 20,000,000 | 20,000,000 | 20,000,000 | 6.8530% | | 6.85300% | NAP | 115,803.01 | NAP | 1,389,636.12 | Interest Only | No | Actual/360 | 120 | 120 | 120 | 120 | 0 | 0 | 7/22/2024 | 0 | 6 | 9/6/2024 | NAP | 8/6/2034 | NAP | 0 | 0 | L(24),D(89),O(7) | 57,803,398 | 31,088,059 | 26,715,339 | 12/31/2023 | T-12 | 55,448,320 | 29,652,635 | 25,795,686 | 12/31/2022 | T-12 | 54,179,102 | 27,476,761 | 26,702,341 | 12/31/2021 | T-12 | 90.8% | 56,031,359 | 33,262,367 | 22,768,993 | 224,465 | 441,427 | 22,103,101 | 1.82 | 1.77 | 12.6% | 12.3% | 315,000,000 | As Is | 5/29/2024 | 57.1% | 57.1% | 88.8% | 7/17/2024 | No | Bloomingdale's | 265,148 | 31.9% | 9/30/2028 | Grosvenor Capital Mgmnt, L.P. | 72,738 | 8.7% | 9/30/2037 | Walton Street Capital LLC | 30,304 | 3.6% | 8/31/2029 | Equinox | 30,021 | 3.6% | 6/30/2028 | JMB Insurance Agency | 24,246 | 2.9% | 6/30/2037 | 6/7/2024 | NAP | 6/13/2024 | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP | 2,586,212 | 1,293,106 | 0 | Springing | 0 | 18,705 | 831,350 | 5,000,000 | 166,667 | 10,000,000 | 0 | 0 | 0 | 0 | 13,552,345 | Springing | Unfunded Obligations Reserve ($13,552,345.23); Critical Tenant Reserve (Monthly: Springing) | 0 | 0 | NAP | Hard | Springing | Yes | Yes | Yes | No | 20,000,000 | 160,000,000 | 926,424.07 | 1,042,227.08 | NAP | NAP | 180,000,000 | 1,042,227.08 | 57.1% | 1.77 | 12.6% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | No | NAP | JMB Realty Corporation | JMB Realty Corporation | No | No | Refinance | | 180,000,000 | 56,362,388 | 0 | 0 | 236,362,388 | 206,807,744 | 0 | 8,416,086 | 21,138,557 | 0 | 0 | 236,362,388 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | | | | | | | | |
| 16.00 | Loan | | 1 | Hampton Inn & Suites Exeter - NH | 2.1% | 100.0% | WFB | WFB | NAP | NAP | 59 Portsmouth Avenue | Exeter | Rockingham | NH | 03833 | Hospitality | Limited Service | 2010 | 2022 | 111 | Rooms | 135,135.14 | 15,000,000 | 15,000,000 | 15,000,000 | 6.6990% | | 6.69900% | NAP | 84,900.52 | NAP | 1,018,806.24 | Interest Only | No | Actual/360 | 120 | 118 | 120 | 118 | 0 | 0 | 6/6/2024 | 2 | 11 | 7/11/2024 | NAP | 6/11/2034 | NAP | 0 | 0 | L(24),YM1(92),O(4) | 5,945,059 | 3,655,592 | 2,289,467 | 4/30/2024 | T-12 | 5,891,575 | 3,564,953 | 2,326,622 | 12/31/2023 | T-12 | 5,335,509 | 3,073,956 | 2,261,553 | 12/31/2022 | T-12 | 85.1% | 5,929,024 | 3,615,113 | 2,313,911 | 237,161 | 0 | 2,076,750 | 2.27 | 2.04 | 15.4% | 13.8% | 24,800,000 | As Is | 4/22/2024 | 60.5% | 60.5% | 85.1% | 4/30/2024 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 5/3/2024 | NAP | 5/3/2024 | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP | 18,735 | 18,735 | 0 | Springing | 0 | 19,764 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | Springing | Low DSCR Reserve Funds (Springing); PIP Reserve Funds (Springing) | 0 | 0 | NAP | Springing | Springing | Yes | No | No | No | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | No | NAP | Chatham Lodging, L.P. | Chatham Lodging, L.P. | No | No | Recapitalization | | | | | | | | | | | | | | 7/31/2031 | $169.69 | $144.46 | 85.1% | $169.69 | $144.46 | 85.1% | $172.62 | $143.45 | 83.1% | $166.57 | $129.53 | 77.8% | | | | | | | | |
| 17.00 | Loan | | 1 | Atkinson Portfolio | 2.0% | 100.0% | SGFC | SGFC | Group 2 | NAP | 2801, 2901, 2020, 2021-2027, 2022-2026, 2040 and 2041 West Atkinson Avenue, 4446 North 28th Street, 4505 North 29th Street and 3880 North 18th Street | Milwaukee | Milwaukee | WI | 53206, 53209 | Multifamily | Garden | 1928-1953 | 2021-2022 | 143 | Units | 99,440.56 | 14,220,000 | 14,220,000 | 12,380,288 | 6.8800% | | 6.88000% | 93,462.79 | NAP | 1,121,553.48 | NAP | Amortizing Balloon | No | Actual/360 | 0 | 0 | 120 | 120 | 360 | 360 | 7/22/2024 | 0 | 1 | 9/1/2024 | 9/1/2024 | 8/1/2034 | NAP | 5 | 5 | L(35),YM1(81),O(4) | 2,031,067 | 428,649 | 1,602,418 | 6/30/2024 | T-12 | 1,910,010 | 401,763 | 1,508,247 | 12/31/2023 | T-12 | NAV | NAV | NAV | NAV | NAV | 95.0% | 2,003,487 | 547,837 | 1,455,649 | 35,750 | 0 | 1,419,899 | 1.30 | 1.27 | 10.2% | 10.0% | 24,900,000 | As Is | 7/8/2024 | 57.1% | 49.7% | 100.0% | 7/1/2024 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 7/11/2024 | NAP | 7/11/2024 | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP | 79,349 | 9,919 | 0 | Springing | 0 | 2,979 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 44,000 | 0 | Static Insurance Reserve | 0 | 0 | NAP | Springing | Springing | Yes | No | No | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | No | NAP | Youssef Berrada | Youssef Berrada | No | No | Refinance | | | | | | | | | | | | | | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | | | | | | | | |
| 18.00 | Loan | | 1 | Gila Valley Shopping Center | 1.9% | 100.0% | AREF2 | AREF2 | Group 3 | NAP | 2125 U.S. Route 70 | Thatcher | Graham | AZ | 85552 | Retail | Anchored | 1980, 1981, 2003, 2004 | NAP | 119,205 | SF | 114.09 | 13,600,000 | 13,600,000 | 13,600,000 | 6.5000% | | 6.50000% | NAP | 74,689.81 | NAP | 896,277.72 | Interest Only | No | Actual/360 | 120 | 120 | 120 | 120 | 0 | 0 | 8/2/2024 | 0 | 6 | 9/6/2024 | NAP | 8/6/2034 | NAP | 0 | 0 | L(24),D(92),O(4) | 1,527,165 | 282,099 | 1,245,065 | 5/31/2024 | T-12 | 1,458,665 | 270,440 | 1,188,225 | 12/31/2023 | T-12 | 1,382,216 | 278,879 | 1,103,337 | 12/31/2022 | T-12 | 95.0% | 1,674,492 | 298,064 | 1,376,428 | 17,881 | 69,205 | 1,289,343 | 1.54 | 1.44 | 10.1% | 9.5% | 21,000,000 | As Is | 5/24/2024 | 64.8% | 64.8% | 99.0% | 7/17/2024 | No | Safeway | 55,267 | 46.4% | 9/14/2028 | Five Below | 12,200 | 10.2% | 6/30/2034 | Dollar Tree | 10,000 | 8.4% | 1/31/2030 | O'Reilly | 8,005 | 6.7% | 3/31/2026 | Aaron's | 6,500 | 5.5% | 12/31/2027 | 7/15/2024 | NAP | 7/15/2024 | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP | 20,383 | 4,077 | 29,669 | 4,945 | 0 | 1,490 | 53,641 | 500,000 | Springing | 500,000 | 0 | 0 | 0 | 0 | 150,020 | 0 | Rent Abatement Reserve ($63,491.15); Outstanding TI/LC Reserve ($61,000.00); CAM Reserve ($25,528.78) | 0 | 0 | NAP | Hard | Springing | Yes | Yes | No | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | No | NAP | Mark Vakili, Moshen Sharif, Albert Minoofar and the Vakili Family Trust | Mark Vakili, Moshen Sharif, Albert Minoofar and the Vakili Family Trust | No | No | Refinance | | | | | | | | | | | | | | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | | | | | | | | |
| 19.00 | Loan | | 1 | Drum Hill | 1.8% | 100.0% | AREF2 | AREF2 | NAP | NAP | 90 Ringgold Street | Peekskill | Westchester | NY | 10566 | Multifamily | Independent Living | 1909 | 2000 | 120 | Units | 106,250.00 | 12,750,000 | 12,750,000 | 11,773,253 | 7.1000% | | 7.10000% | 85,684.07 | 76,485.24 | 1,028,208.84 | 917,822.88 | Interest Only, Amortizing Balloon | No | Actual/360 | 36 | 35 | 120 | 119 | 360 | 360 | 6/28/2024 | 1 | 6 | 8/6/2024 | 8/6/2027 | 7/6/2034 | NAP | 0 | 0 | L(25),D(89),O(6) | 4,407,425 | 3,031,846 | 1,375,579 | 4/30/2024 | T-12 | 4,312,225 | 2,955,151 | 1,357,074 | 12/31/2023 | T-12 | 4,276,627 | 3,010,567 | 1,266,060 | 12/31/2022 | T-12 | 92.0% | 4,636,042 | 2,947,516 | 1,688,526 | 30,000 | 0 | 1,658,526 | 1.64 | 1.61 | 13.2% | 13.0% | 23,100,000 | As Is | 5/10/2024 | 55.2% | 51.0% | 90.0% | 6/25/2024 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 5/23/2024 | NAP | 5/23/2024 | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP | 70,181 | 17,545 | 45,151 | 11,288 | 300,000 | 2,500 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 14,813 | 180,000 | Springing | Subordinate Debt Service Reserve | 180,000 | 0 | NAP | Springing | Springing | Yes | No | No | NAP | NAP | NAP | NAP | NAP | 665,049 | 1.73694% | 13,415,049 | 88,223.93 | 58.1% | 1.57 | 12.6% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | No | NAP | John V. Saraceno | John V. Saraceno | No | No | Refinance | | | | | | | | | | | | | | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | | | | | | | | |
| 20.00 | Loan | | 1 | Union Hills Self Storage | 1.6% | 100.0% | WFB | WFB | NAP | NAP | 2440 East Union Hills Drive | Phoenix | Maricopa | AZ | 85050 | Self Storage | Self Storage | 2018 | NAP | 89,635 | SF | 124.39 | 11,150,000 | 11,150,000 | 11,150,000 | 6.5700% | | 6.57000% | NAP | 61,894.11 | NAP | 742,729.32 | Interest Only | No | Actual/360 | 120 | 119 | 120 | 119 | 0 | 0 | 7/8/2024 | 1 | 11 | 8/11/2024 | NAP | 7/11/2034 | NAP | 0 | 0 | L(25),D(88),O(7) | 1,436,768 | 465,446 | 971,322 | 5/31/2024 | T-12 | 1,459,334 | 453,709 | 1,005,625 | 12/31/2023 | T-12 | 1,439,262 | 431,289 | 1,007,972 | 12/31/2022 | T-12 | 87.8% | 1,436,768 | 471,534 | 965,234 | 8,964 | 0 | 956,271 | 1.30 | 1.29 | 8.7% | 8.6% | 18,900,000 | As Is | 5/10/2024 | 59.0% | 59.0% | 89.0% | 5/31/2024 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 6/3/2024 | NAP | 6/3/2024 | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP | 31,248 | 10,416 | 0 | Springing | 0 | 747 | 26,891 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | NAP | 0 | 0 | NAP | Springing | Springing | Yes | No | No | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | No | NAP | Stephen L. Clark, Stephen L. Clark II and Robert N. Baker | 2019 Stephen L. Clark II Irrevocable Trust, Robert N. Baker and Robert N. Baker Trust | No | No | Refinance | | | | | | | | | | | | | | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | | | | | | | | |
| 21.00 | Loan | | 1 | Warminster Heights Home Ownership Association, Inc. | 1.4% | 100.0% | NCB | NCB | NAP | NAP | 75 Downey Drive | Warminster | Bucks | PA | 18974 | Multifamily | Cooperative | 1943 | 1999 | 698 | Units | 14,315.54 | 10,000,000 | 9,992,248 | 8,559,568 | 6.2500% | | 6.25000% | 61,571.72 | NAP | 738,860.64 | NAP | Amortizing Balloon | No | Actual/360 | 0 | 0 | 120 | 119 | 360 | 359 | 6/27/2024 | 1 | 1 | 8/1/2024 | 8/1/2024 | 7/1/2034 | NAP | 10 | 10 | YM1(113),1%(3),O(4) | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 97.1% | 11,548,074 | 5,506,994 | 6,041,080 | 296,650 | 0 | 5,744,430 | 8.18 | 7.77 | 60.5% | 57.5% | 101,000,000 | As Is | 2/23/2024 | 9.9% | 8.5% | 97.1% | 2/23/2024 | No | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 2/15/2024 | NAP | 2/16/2024 | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP | 0 | Springing | 0 | Springing | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | NAP | 0 | 0 | NAP | None | None | No | No | No | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | Yes | Unsecured | NAP | NAP | No | No | Refinance | | | | | | | | | | | | | | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 96,000,000 | 10.4% | 0.6% | 0 | 0 | 4 | NAP |
| 22.00 | Loan | | 1 | Crossroads Plaza | 1.2% | 100.0% | AREF2 | AREF2 | Group 3 | NAP | 1416 South Main Street | Adrian | Lenawee | MI | 49221 | Retail | Anchored | 1990 | NAP | 199,828 | SF | 42.04 | 8,400,000 | 8,400,000 | 8,400,000 | 6.9000% | | 6.90000% | NAP | 48,970.83 | NAP | 587,649.96 | Interest Only | No | Actual/360 | 120 | 120 | 120 | 120 | 0 | 0 | 8/2/2024 | 0 | 6 | 9/6/2024 | NAP | 8/6/2034 | NAP | 0 | 0 | L(24),D(92),O(4) | 1,537,608 | 798,085 | 739,523 | 5/31/2024 | T-12 | 1,710,766 | 820,939 | 889,827 | 12/31/2023 | T-12 | 1,744,364 | 781,145 | 963,219 | 12/31/2022 | T-12 | 78.4% | 1,801,501 | 825,935 | 975,565 | 29,974 | 49,914 | 895,677 | 1.66 | 1.52 | 11.6% | 10.7% | 14,100,000 | As Is | 7/24/2024 | 59.6% | 59.6% | 74.4% | 7/24/2024 | No | Family Farm & Home, Inc | 32,000 | 16.0% | 3/31/2034 | Staples | 24,500 | 12.3% | 7/31/2026 | Planet Fitness | 22,000 | 11.0% | 3/31/2030 | Harbor Freight Tools USA, 0628 | 20,000 | 10.0% | 1/15/2026 | Aaron's | 8,320 | 4.2% | 5/31/2028 | 7/15/2024 | NAP | 7/15/2024 | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP | 15,958 | 31,915 | 32,990 | 5,498 | 0 | 2,498 | 89,993 | 500,000 | Springing | 500,000 | 0 | 0 | 0 | 189,781 | 0 | 0 | NAP | 0 | 0 | NAP | Hard | Springing | Yes | Yes | No | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | No | NAP | Mark Vakili and The Vakili Family Trust | Mark Vakili and The Vakili Family Trust | No | No | Refinance | | | | | | | | | | | | | | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | | | | | | | | |
| 23.00 | Loan | | 1 | Wells & Carmen | 1.1% | 100.0% | SGFC | SGFC | Group 2 | NAP | 1032 and 1212 North 27th Street, 2600 West Highland Avenue, 3306 West Wells Street, 3446 and 3456 North 39th Street, 3925 and 4819 West Hampton Avenue, 5856 North 93rd Street, 5969 North 60th Street and 8834 and 8906 West Carmen Avenue | Milwaukee | Milwaukee | WI | Various | Multifamily | Garden | 1942-1977 | 2022 | 81 | Units | 96,728.40 | 7,835,000 | 7,835,000 | 6,828,211 | 6.9180% | | 6.91800% | 51,695.69 | NAP | 620,348.28 | NAP | Amortizing Balloon | No | Actual/360 | 0 | 0 | 120 | 120 | 360 | 360 | 7/24/2024 | 0 | 1 | 9/1/2024 | 9/1/2024 | 8/1/2034 | NAP | 5 | 5 | L(35),YM1(81),O(4) | 1,166,310 | 272,472 | 893,839 | 6/30/2024 | T-12 | 1,125,649 | 258,556 | 867,094 | 12/31/2023 | T-12 | NAV | NAV | NAV | NAV | NAV | 95.0% | 1,148,211 | 337,819 | 810,392 | 22,518 | 0 | 787,874 | 1.31 | 1.27 | 10.3% | 10.1% | 14,000,000 | As Is | 7/8/2024 | 56.0% | 48.8% | 100.0% | 7/1/2024 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 7/18/2024, 7/19/2024 | NAP | 7/18/2024, 7/19/2024 | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP | 55,138 | 6,892 | 0 | Springing | 0 | 1,877 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 24,000 | 0 | Static Insurance Reserve | 0 | 0 | NAP | Springing | Springing | Yes | No | No | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | No | NAP | Youssef Berrada | Youssef Berrada | No | No | Refinance | | | | | | | | | | | | | | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | | | | | | | | |
| 24.00 | Loan | | 1 | 13140 Coit Road | 0.9% | 100.0% | AREF2 | AREF2 | NAP | NAP | 13140 Coit Road | Dallas | Dallas | TX | 75240 | Office | Suburban | 1979 | NAP | 101,977 | SF | 62.76 | 6,400,000 | 6,400,000 | 5,586,719 | 6.9800% | | 6.98000% | 42,493.43 | NAP | 509,921.16 | NAP | Amortizing Balloon | No | Actual/360 | 0 | 0 | 120 | 120 | 360 | 360 | 7/8/2024 | 0 | 6 | 9/6/2024 | 9/6/2024 | 8/6/2034 | NAP | 0 | 0 | L(24),D(92),O(4) | 1,386,888 | 786,323 | 600,564 | 5/31/2024 | T-12 | 1,301,140 | 783,953 | 517,187 | 12/31/2023 | T-12 | 1,412,181 | 751,018 | 661,163 | 12/31/2022 | T-12 | 82.0% | 1,641,217 | 786,736 | 854,481 | 20,395 | 51,186 | 782,899 | 1.68 | 1.54 | 13.4% | 12.2% | 10,300,000 | As Is | 6/4/2024 | 62.1% | 54.2% | 80.6% | 7/1/2024 | No | DFW Home Health | 6,095 | 6.0% | 11/30/2025 | Avazzia, Inc. | 4,978 | 4.9% | 7/31/2029 | Joede Leasing | 3,536 | 3.5% | 6/30/2027 | Todd E. Tkach, P.C. | 3,389 | 3.3% | 1/31/2029 | Prime Counseling | 2,949 | 2.9% | 7/31/2025 | 6/7/2024 | NAP | 6/7/2024 | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP | 82,706 | 11,815 | 0 | Springing | 0 | 1,700 | 61,186 | 100,000 | 5,099 | 200,000 | 0 | 0 | 0 | 9,775 | 64,899 | 0 | Free Rent Reserve | 0 | 0 | NAP | Springing | Springing | Yes | No | No | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | No | NAP | Andrew J. Segal | Andrew J. Segal | No | No | Refinance | | | | | | | | | | | | | | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | | | | | | | | |
| 25.00 | Loan | | 1 | 100 Park Terrace West Owners Corp. | 0.6% | 100.0% | NCCB | NCB | NAP | NAP | 100/108 Park Terrace West a/k/a 532 West 218th Street | New York | New York | NY | 10034 | Multifamily | Cooperative | 1951 | 2019 | 68 | Units | 66,176.47 | 4,500,000 | 4,500,000 | 4,500,000 | 6.7200% | | 6.72000% | NAP | 25,550.00 | NAP | 306,600.00 | Interest Only | No | Actual/360 | 120 | 119 | 120 | 119 | 0 | 0 | 6/28/2024 | 1 | 1 | 8/1/2024 | NAP | 7/1/2034 | NAP | 10 | 10 | YM1(113),1%(3),O(4) | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 98.0% | 1,774,088 | 780,165 | 993,923 | 16,750 | 0 | 977,173 | 3.24 | 3.19 | 22.1% | 21.7% | 28,700,000 | As Is | 4/17/2024 | 15.7% | 15.7% | 98.0% | 4/17/2024 | No | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 4/12/2024 | NAP | 4/12/2024 | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP | 0 | Springing | 0 | Springing | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | $1,050,000, $250,000 | 0 | Collateral Security Agreement For Capital Improvements, Collateral Security Agreement Capital Improvements (Façade Repairs) | 0 | 0 | NAP | None | None | No | No | No | NAP | NAP | NAP | NAP | NAP | 0 | Greater of (A) 5.50% or (B) Prime Rate | 5,000,000 | 29,140.86 | 17.4% | 2.79 | 19.9% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | Yes | Unsecured | NAP | NAP | No | No | Refinance | | | | | | | | | | | | | | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 500,000 | 17,800,000 | 25.3% | 5.9% | 4 | 0 | 0 | -10,327 |
| 26.00 | Loan | | 1 | Sted Tenant Owners Corp. | 0.3% | 100.0% | NCCB | NCB | NAP | NAP | 1345 East 4th Street and 1350 East 5th Street | Brooklyn | Kings | NY | 11230 | Multifamily | Cooperative | 1956 | 2003 | 91 | Units | 21,962.12 | 2,000,000 | 1,998,553 | 1,723,959 | 6.5000% | | 6.50000% | 12,641.36 | NAP | 151,696.32 | NAP | Amortizing Balloon | No | Actual/360 | 0 | 0 | 120 | 119 | 360 | 359 | 6/27/2024 | 1 | 1 | 8/1/2024 | 8/1/2024 | 7/1/2034 | NAP | 10 | 10 | YM1(113),1%(3),O(4) | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 95.0% | 1,772,530 | 850,679 | 921,851 | 27,900 | 0 | 893,951 | 6.08 | 5.89 | 46.1% | 44.7% | 23,560,000 | As Is | 5/17/2024 | 8.5% | 7.3% | 95.0% | 5/17/2024 | No | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 5/31/2024 | NAP | 5/31/2024 | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP | 41,295 | 20,465 | 0 | Springing | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | NAP | 0 | 0 | NAP | None | None | No | No | No | NAP | NAP | NAP | NAP | NAP | 0 | Greater of (A) 5.50% or (B) Prime Rate | 2,198,553 | 14,077.70 | 9.3% | 5.29 | 41.9% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | Yes | Unsecured | NAP | NAP | No | No | Refinance | | | | | | | | | | | | | | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 200,000 | 14,900,000 | 13.4% | 19.8% | 18 | 0 | 0 | 124,801 |
| 27.00 | Loan | | 1 | Hilltop Village Cooperative #One, Inc. a/k/a Hilltop Village Cooperative #1, Inc. | 0.3% | 100.0% | NCCB | NCB | NAP | NAP | 204-15 Foothill Avenue and 87-56 Francis Lewis Boulevard | Hollis and Queens Village | Queens | NY | 11423 and 11427 | Multifamily | Cooperative | 1952 | 1999 | 197 | Units | 9,304.22 | 1,834,200 | 1,832,932 | 1,588,002 | 6.6600% | | 6.66000% | 11,787.06 | NAP | 141,444.72 | NAP | Amortizing Balloon | No | Actual/360 | 0 | 0 | 120 | 119 | 360 | 359 | 6/26/2024 | 1 | 1 | 8/1/2024 | 8/1/2024 | 7/1/2034 | NAP | 10 | 10 | YM1(113),1%(3),O(4) | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 95.0% | 5,429,250 | 2,348,816 | 3,080,434 | 46,300 | 0 | 3,034,134 | 21.78 | 21.45 | 168.1% | 165.5% | 40,100,000 | As Is | 2/15/2024 | 4.6% | 4.0% | 95.0% | 2/15/2024 | No | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 3/4/2024 | NAP | 3/5/2024 | NAP | NAP | No | Leasehold | 9/30/2051 | One 99-year extension option at initial rent | 6040.00 | No | 0 | Springing | 0 | Springing | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 500,000 | 0 | Collateral Security Agreement For Capital Improvements | 0 | 0 | NAP | None | None | No | No | No | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | Yes | Unsecured | NAP | NAP | No | No | Recapitalization | | | | | | | | | | | | | | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 48,500,000 | 3.8% | 0.5% | 0 | 0 | 1 | NAP |
| 28.00 | Loan | | 1 | 3215 Owners, Ltd. | 0.2% | 100.0% | NCCB | NCB | NAP | NAP | 3201/3215 Netherland Avenue a/k/a 551 West 232 Street | Bronx | Bronx | NY | 10463 | Multifamily | Cooperative | 1940 | 2009 | 48 | Units | 29,791.67 | 1,430,000 | 1,430,000 | 1,430,000 | 6.7700% | | 6.77000% | NAP | 8,179.63 | NAP | 98,155.56 | Interest Only | No | Actual/360 | 120 | 118 | 120 | 118 | 0 | 0 | 5/24/2024 | 2 | 1 | 7/1/2024 | NAP | 6/1/2034 | NAP | 10 | 10 | YM1(113),1%(3),O(4) | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 95.0% | 1,535,029 | 618,587 | 916,442 | 15,800 | 0 | 900,642 | 9.34 | 9.18 | 64.1% | 63.0% | 17,100,000 | As Is | 4/5/2024 | 8.4% | 8.4% | 95.0% | 4/5/2024 | No | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 4/23/2024 | NAP | 4/24/2024 | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP | 13,000 | 13,000 | 0 | Springing | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 20,625 | 0 | Collateral Security Agreement For Capital Improvements | 0 | 0 | NAP | None | None | No | No | No | NAP | NAP | NAP | NAP | NAP | 82,050 | Greater of (A) 5.00% or (B) Prime Rate | 1,930,000 | 11,770.49 | 11.3% | 6.38 | 47.5% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | Yes | Unsecured | NAP | NAP | No | No | Refinance | | | | | | | | | | | | | | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 500,000 | 13,900,000 | 10.3% | 4.2% | 2 | 0 | 0 | NAV |
| 29.00 | Loan | | 1 | 406 West 46th Street Corp. | 0.2% | 100.0% | NCCB | NCB | NAP | NAP | 406 West 46th Street | New York | New York | NY | 10036 | Multifamily | Cooperative | 1884 | 2005 | 15 | Units | 73,283.80 | 1,100,000 | 1,099,257 | 954,417 | 6.7400% | | 6.74000% | 7,127.27 | NAP | 85,527.24 | NAP | Amortizing Balloon | No | Actual/360 | 0 | 0 | 120 | 119 | 360 | 359 | 6/26/2024 | 1 | 1 | 8/1/2024 | 8/1/2024 | 7/1/2034 | NAP | 10 | 10 | YM1(113),1%(3),O(4) | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 95.0% | 554,496 | 260,714 | 293,782 | 7,500 | 0 | 286,282 | 3.43 | 3.35 | 26.7% | 26.0% | 9,440,000 | As Is | 5/3/2024 | 11.6% | 10.1% | 95.0% | 5/3/2024 | No | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 5/13/2024 | NAP | 5/16/2024 | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP | 15,500 | 7,750 | 0 | Springing | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | NAP | 0 | 0 | NAP | None | None | No | No | No | NAP | NAP | NAP | NAP | NAP | 0 | Greater of (A) 5.50% or (B) Prime Rate | 1,349,257 | 8,922.70 | 14.3% | 2.67 | 21.8% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | Yes | Unsecured | NAP | NAP | No | No | Refinance | | | | | | | | | | | | | | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 250,000 | 5,000,000 | 22.0% | 0.0% | 0 | 0 | 0 | NAP |
| 30.00 | Loan | | 1 | 264 W. 22 St. Owners, Inc. | 0.1% | 100.0% | NCCB | NCB | NAP | NAP | 264 West 22nd Street | New York | New York | NY | 10011 | Multifamily | Cooperative | 1889 | 2017 | 20 | Units | 50,000.00 | 1,000,000 | 1,000,000 | 1,000,000 | 6.7100% | | 6.71000% | NAP | 5,669.33 | NAP | 68,031.96 | Interest Only | No | Actual/360 | 120 | 118 | 120 | 118 | 0 | 0 | 5/30/2024 | 2 | 1 | 7/1/2024 | NAP | 6/1/2034 | NAP | 10 | 10 | YM1(113),1%(3),O(4) | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 95.0% | 632,665 | 254,870 | 377,795 | 10,000 | 0 | 367,795 | 5.55 | 5.41 | 37.8% | 36.8% | 9,700,000 | As Is | 4/16/2024 | 10.3% | 10.3% | 95.0% | 4/16/2024 | No | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 5/1/2024 | NAP | 4/30/2024 | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP | 0 | Springing | 0 | Springing | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | NAP | 0 | 0 | NAP | None | None | No | No | No | NAP | NAP | NAP | NAP | NAP | 0 | Greater of (A) 5.00% or (B) Prime Rate | 1,100,000 | 6,387.50 | 11.3% | 4.80 | 34.3% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | Yes | Unsecured | NAP | NAP | No | No | Refinance | | | | | | | | | | | | | | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 100,000 | 6,100,000 | 16.4% | 40.0% | 0 | 7 | 1 | 59,809 |
