FWP 1 n3749_premkta1-x5.htm FREE WRITING PROSPECTUS

		FREE WRITING PROSPECTUS
		FILED PURSUANT TO RULE 433
		REGISTRATION FILE NO.: 333-258342-03

Free Writing Prospectus dated December [ ], 2023

The depositor has filed a registration statement (including a prospectus) with the SEC (SEC File No. 333-258342) for the offering to which this free writing prospectus 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 if you request it by calling (800) 408-1016 or by emailing the ABS Syndicate Desk at abs_synd@jpmorgan.com.

The information in this file (the “File”) is an electronic copy of the information set forth in the Annex titled "Certain Characteristics of the Mortgage Loans and Mortgaged Properties" to the prospectus. This File does not contain all information that is required to be included in the prospectus. This File should be reviewed only in conjunction with the entire prospectus. Prospective investors are advised to read carefully, and should rely on, the prospectus relating to the certificates referred to herein in making their investment decision.

The information in this File may be amended and/or supplemented prior to the time of sale. The information in this File supersedes any contrary information contained in any prior File relating to the certificates and will be superseded by any contrary information contained in any subsequent File prior to the time of sale.

Methodologies used in deriving certain information contained in this File are more fully described elsewhere in the prospectus. The information in this File should not be viewed as projections, forecasts, predictions or opinions with respect to value.

Any legends, disclaimers or other notices that may appear at the bottom of, or attached to, the email communication to which this material may have been attached 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 email system.

BMARK 2023-B40: Annex A-1

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 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 (%)

Loan

Axis Apartments

9.9%

100.0%

CREFI

NAP

441 East Erie Street

Chicago

Cook

Illinois

60611

Multifamily

High Rise

1986

2015

716

Units

189,944.13

48,000,000

6.88000%

0.03747%

6.84253%

NAP

279,022.22

NAP

3,348,266.64

Interest Only

Actual/360

120

11/27/2023

1/6/2024

NAP

12/6/2033

NAP

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

18,536,311

8,365,611

10,170,700

7/31/2023

T-12

18,010,837

8,726,272

9,284,565

12/31/2022

T-12

16,868,370

8,052,400

8,815,970

12/31/2021

T-12

91.7%

21,736,552

8,473,297

13,263,255

209,647

17,195

13,036,413

1.40

1.37

9.8%

9.6%

256,800,000

Prospective As Complete - Proposed

5/31/2024

53.0%

92.5%

10/20/2023

NAP

10/6/2023

NAP

10/6/2023

NAP

Fee

NAP

1,318,059

329,515

216,815

30,974

15,203

Springing

106,250

6,644,232

Sonder Base Rent Reserve ($3,624,131), Sonder Gap Rent Reserve ($1,812,061), Sonder Free Rent Reserve ($1,208,040)

NAP

Springing

Yes

48,000,000

88,000,000

511,540.74

790,562.96

NAP

136,000,000

790,562.96

53.0%

1.37

9.8%

NAP

William O'Kane and Karen O'Kane

Refinance

136,000,000

22,164,897

6,644,232

164,809,129

153,800,522

2,723,251

8,285,356

164,809,129

NAP

Loan

Bala Plaza Portfolio

9.9%

CREFI

NAP

Various

Bala Cynwyd

Montgomery

Pennsylvania

19004

Various

1,136,771

87.53

48,000,000

8.71000%

0.02872%

8.68128%

NAP

353,238.89

NAP

4,238,866.68

Interest Only

Actual/360

11/2/2023

12/6/2023

NAP

11/6/2028

NAP

L(3),YM1(50),O(7)

33,125,041

17,632,016

15,493,025

8/31/2023

T-12

31,871,739

17,331,324

14,540,415

12/31/2022

T-12

31,052,511

16,030,922

15,021,589

12/31/2021

T-12

89.8%

33,476,790

17,313,636

16,163,153

282,171

1,136,329

14,744,653

1.84

1.68

16.2%

14.8%

210,100,000

As Is

7/27/2023

47.4%

89.4%

346,446

56,824

28,412

23,514

846,514

5,000,000

Springing

2,000,000

3,708,965

Garage Repair Reserve ($2,300,000), Unfunded Obligations Reserve ($1,179,363.26), Free Rent Reserve ($229,601.42)

NAP

Hard

Springing

Yes

48,000,000

51,500,000

378,995.89

732,234.78

NAP

99,500,000

732,234.78

47.4%

1.68

16.2%

30,000,000

5.00000%

129,500,000

858,970.89

61.6%

1.43

12.5%

NAP

Carolyn Dayon, Harry Adjmi, Eva Vegh and Yael Ishakis

Yes

Acquisition

99,500,000

51,299,773

30,000,000

20,298,509

201,098,281

185,000,000

6,986,046

9,112,235

201,098,281

NAP

2.01

Property

Three Bala Plaza

4.1%

41.3%

251 Saint Asaphs Road

Bala Cynwyd

Montgomery

Pennsylvania

19004

Office

Suburban

1983

2020

390,899

19,828,326

12,337,122

6,061,040

6,276,082

8/31/2023

T-12

11,953,557

5,906,146

6,047,411

12/31/2022

T-12

12,136,638

5,389,004

6,747,633

12/31/2021

T-12

89.2%

12,824,095

5,860,062

6,964,032

97,030

458,813

6,408,189

85,500,000

As Is

7/27/2023

87.1%

8/30/2023

Tokio Marine North America, Inc.

90,687

23.2%

1/31/2035

Global Indemnity Group, Inc.

40,517

10.4%

12/31/2029

NCS Pearson, Inc.

37,395

9.6%

7/31/2026

Investedge, Inc.

28,563

7.3%

5/31/2026

Harmelin Media, Inc.

23,810

6.1%

6/30/2024

8/3/2023

NAP

8/3/2023

NAP

Fee

NAP

2.02

Property

One Bala Plaza

3.9%

39.4%

231 Saint Asaphs Road

Bala Cynwyd

Montgomery

Pennsylvania

19004

Office

Suburban

1968

2021

386,788

18,901,288

12,019,217

6,134,449

5,884,769

8/31/2023

T-12

11,720,682

5,940,161

5,780,521

12/31/2022

T-12

11,114,797

5,473,864

5,640,933

12/31/2021

T-12

90.1%

11,580,475

5,951,865

5,628,610

96,009

401,457

5,131,144

81,300,000

As Is

7/27/2023

88.9%

8/30/2023

Tokio Marine North America, Inc.

205,243

53.1%

1/31/2035

Beasley Media Group, LLC

36,858

9.5%

3/31/2029

Vitalyst, LLC

26,530

6.9%

12/31/2025

Chas, Kurz & Co., Inc

15,046

3.9%

4/30/2030

Savran Benson LLP

6,778

1.8%

1/31/2029

8/3/2023

NAP

8/3/2023

NAP

Fee

NAP

2.03

Property

Two Bala Plaza

1.9%

19.3%

333 East City Avenue

Bala Cynwyd

Montgomery

Pennsylvania

19004

Mixed Use

Office/Retail

1969

2020

359,084

9,270,386

8,768,702

5,436,528

3,332,174

8/31/2023

T-12

8,197,499

5,485,016

2,712,483

12/31/2022

T-12

7,801,076

5,168,053

2,633,023

12/31/2021

T-12

90.2%

9,072,220

5,501,709

3,570,511

89,133

276,058

3,205,320

43,300,000

As Is

7/27/2023

92.6%

8/30/2023

Saks Fifth Avenue LLC

100,500

28.0%

8/31/2027

Massachusetts Mutual Life Insurance Company

24,985

7.0%

6/30/2025

United States Postal Service

20,479

5.7%

4/30/2026

iHeartmedia + Entertainment, Inc

15,097

4.2%

1/31/2030

Merrill Lynch, Pierce, Fenner & Smith, Incorporated

14,319

4.0%

9/21/2028

8/3/2023

NAP

8/3/2023

NAP

Fee

NAP

Loan

The Landmark

8.7%

100.0%

CREFI

NAP

1600 Lind Avenue Southwest and 1601 East Valley Road

Renton

King

Washington

98057

Office

Suburban

1986

NAP

274,931

152.95

42,050,000

9.03000%

0.02872%

9.00128%

NAP

320,821.06

NAP

3,849,852.72

Interest Only

Actual/360

9/29/2023

11/6/2023

NAP

10/6/2028

NAP

L(26),D(27),O(7)

7,344,013

2,043,806

5,300,207

8/31/2023

T-12

7,284,793

2,080,867

5,203,927

12/31/2022

T-12

5,726,164

1,775,750

3,950,414

12/31/2021

T-12

95.0%

7,499,464

2,122,704

5,376,760

84,571

240,513

5,051,676

1.40

1.31

12.8%

12.0%

89,500,000

Prospective Value Upon Stabilization

5/1/2024

47.0%

100.0%

9/1/2023

Blue Origin

223,037

81.1%

2/28/2031

Tyler Technologies

36,615

13.3%

3/31/2028

Allied Residential

5,909

2.1%

6/30/2024

Rock Project Mgmt

5,224

1.9%

2/29/2028

Bright Horizons

3,996

1.5%

4/30/2024

4/11/2023

NAP

4/11/2023

16%

Fee

NAP

39,135

Springing

7,048

84,571

1,250,000

1,408

4,115,647

Unfunded Obligations Reserve ($2,512,201); Gap Rent Reserve ($1,603,446)

NAP

Springing

Yes

NAP

CJPC, LLC

Refinance

42,050,000

28,763,846

711,466

5,406,190

7,168,498

42,050,000

NAP

Loan

Saban StorQuest Self-Storage Portfolio

8.3%

GSBI

GSMC

NAP

Various

Self Storage

Various

485,004

82.47

40,000,000

7.07200%

0.02872%

7.04328%

NAP

239,007.41

NAP

2,868,088.92

Interest Only

Actual/360

120

118

120

118

9/28/2023

11/6/2023

NAP

10/6/2033

NAP

L(26),YM1(90),O(4)

7,307,618

2,938,896

4,368,722

8/31/2023

T-12

7,382,308

2,896,316

4,485,992

12/31/2022

T-12

6,623,371

2,854,635

3,768,737

12/31/2021

T-12

96.6%

7,307,618

3,131,321

4,176,297

48,500

4,127,797

1.46

1.44

10.4%

10.3%

83,500,000

As Is Portfolio

8/21/2023

47.9%

87.4%

476,647

99,293

Springing

145,501

5,885

NAP

Springing

Yes

NAP

American Storage Partners, LLC and American Storage Partners II, LLC

Refinance

40,000,000

33,998,537

826,799

482,532

4,692,131

40,000,000

NAP

4.01

Property

StorQuest Chandler

1.9%

22.6%

2805 West Frye Road

Chandler

Maricopa

Arizona

85224

Self Storage

2017

NAP

92,010

9,027,000

1,512,986

507,154

1,005,832

8/31/2023

T-12

1,521,541

507,269

1,014,272

12/31/2022

T-12

1,242,500

478,149

764,351

12/31/2021

T-12

97.2%

1,512,986

511,778

1,001,208

9,201

992,007

18,350,000

As Is

8/24/2023

89.5%

8/31/2023

NAP

9/6/2023

NAP

9/6/2023

NAP

Fee

NAP

4.02

Property

StorQuest Venice

1.7%

20.5%

5115 Englewood Road

Venice

Sarasota

Florida

34293

Self Storage

2019

NAP

73,632

8,190,000

1,350,950

434,393

916,557

8/31/2023

T-12

1,287,427

386,103

901,324

12/31/2022

T-12

1,019,786

390,425

629,361

12/31/2021

T-12

98.4%

1,350,950

444,670

906,281

7,363

898,918

16,650,000

As Is

8/24/2023

93.6%

8/31/2023

NAP

9/6/2023

NAP

9/6/2023

NAP

Fee

NAP

4.03

Property

StorQuest Highlands Ranch

1.2%

14.4%

745 Monument Drive

Highlands Ranch

Douglas

Colorado

80129

Self Storage

1998

NAP

62,726

5,741,000

997,666

416,687

580,979

8/31/2023

T-12

1,031,332

412,369

618,963

12/31/2022

T-12

968,869

425,037

543,833

12/31/2021

T-12

97.9%

997,666

412,615

585,051

6,273

578,779

11,670,000

As Is

8/21/2023

85.5%

8/31/2023

NAP

9/6/2023

NAP

9/6/2023

NAP

Fee

NAP

4.04

Property

StorQuest Parker (Longs)

1.1%

13.2%

18601 Longs Way

Parker

Douglas

Colorado

80134

Self Storage

1996

1998

69,684

5,273,000

969,367

417,931

551,436

8/31/2023

T-12

986,390

426,342

560,048

12/31/2022

T-12

986,171

436,110

550,061

12/31/2021

T-12

96.0%

969,367

457,238

512,129

6,968

505,160

10,720,000

As Is

8/21/2023

86.9%

8/31/2023

NAP

9/6/2023

NAP

9/6/2023

NAP

Fee

NAP

4.05

Property

StorQuest Aurora

0.8%

9.9%

16650 East Alameda Parkway

Aurora

Arapahoe

Colorado

80017

Self Storage

2005

NAP

62,975

3,972,000

878,123

383,462

494,661

8/31/2023

T-12

871,401

380,293

491,108

12/31/2022

T-12

819,514

348,600

470,914

12/31/2021

T-12

95.1%

878,123

459,120

419,003

6,298

412,705

8,075,000

As Is

8/21/2023

88.5%

8/31/2023

NAP

9/6/2023

NAP

9/6/2023

NAP

Fee

NAP

4.06

Property

StorQuest Parker (Pony Express)

0.8%

9.8%

18455 Pony Express Drive

Parker

Douglas

Colorado

80134

Self Storage

1999

NAP

53,450

3,911,000

716,526

299,362

417,164

8/31/2023

T-12

753,093

336,794

416,298

12/31/2022

T-12

700,282

331,031

369,251

12/31/2021

T-12

95.8%

716,526

316,432

400,094

5,345

394,749

7,950,000

As Is

8/21/2023

85.0%

8/31/2023

NAP

9/6/2023

NAP

9/6/2023

NAP

Fee

NAP

4.07

Property

StorQuest Colfax

0.8%

9.7%

16400 East Colfax Avenue

Aurora

Arapahoe

Colorado

80011

Self Storage

2003

NAP

70,527

3,886,000

882,000

479,907

402,093

8/31/2023

T-12

931,125

447,147

483,978

12/31/2022

T-12

886,250

445,284

440,966

12/31/2021

T-12

93.9%

882,000

529,469

352,532

7,053

345,479

7,900,000

As Is

8/21/2023

84.9%

8/31/2023

NAP

9/6/2023

NAP

9/6/2023

NAP

Fee

NAP

Loan

645 North Michigan Avenue

7.8%

100.0%

CREFI

NAP

645 North Michigan Avenue

Chicago

Cook

Illinois

60611

Mixed Use

Medical Office/Retail

1962

2022

193,031

284.93

38,000,000

33,678,745

7.62000%

0.02872%

7.59128%

268,830.93

NAP

3,225,971.16

NAP

Amortizing Balloon

Actual/360

120

360

11/7/2023

1/6/2024

12/6/2033

NAP

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

12,457,610

4,775,542

7,682,068

7/31/2023

T-12

12,595,041

4,888,824

7,706,217

12/31/2022

T-12

11,611,265

5,360,789

6,250,476

12/31/2021

T-12

90.0%

13,060,666

5,228,303

7,832,363

48,258

455,419

7,328,686

1.68

1.57

14.2%

13.3%

95,000,000

As Is

8/23/2023

57.9%

51.3%

86.8%

8/1/2023

Northwestern University

107,217

55.5%

3/31/2031

MarketLab Research Inc

9,606

5.0%

9/30/2024

Ferragamo

9,586

5.0%

3/31/2032

TGI Friday's

8,644

4.5%

10/31/2025

Zegna

7,958

4.1%

3/31/2032

8/31/2023

NAP

8/31/2023

NAP

Fee

NAP

692,165

230,722

Springing

4,022

500,000

32,172

1,544,256

11,500

Springing

Ferragamo Renewal Reserve, Zegna Renewal Reserve

NAP

Hard

Springing

Yes

38,000,000

17,000,000

120,266.47

389,097.40

NAP

55,000,000

389,097.40

57.9%

1.57

14.2%

NAP

Jeffrey J. Feil

Jeffrey J. Feil and Joseph Nakash

Yes

Refinance

55,000,000

4,371,526

59,371,526

56,282,674

1,885,187

1,203,665

59,371,526

NAP

Loan

Sugar Land Town Square

7.2%

100.0%

GSBI, AREF2

GSMC

NAP

2150 Town Square Place

Sugar Land

Fort Bend

Texas

77479

Mixed Use

Office/Retail

2003

2019-2022

803,247

130.72

35,000,000

7.96600%

0.02872%

7.93728%

NAP

235,568.63

NAP

2,826,823.56

Interest Only

Actual/360

11/3/2023

12/6/2023

NAP

11/6/2028

NAP

5 (Once per trailing 12-month period)

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

25,812,548

13,707,487

12,105,061

9/30/2023

T-12

25,030,189

13,191,986

11,838,203

12/31/2022

T-12

24,653,353

12,402,273

12,251,080

12/31/2021

T-12

75.3%

26,423,334

14,017,142

12,406,192

160,649

1,004,059

11,241,484

1.46

1.33

11.8%

10.7%

209,000,000

As Is

9/22/2023

50.2%

72.0%

10/1/2023

Coffeyville Resources

51,175

6.4%

5/31/2035

Southwest Water

41,114

5.1%

12/31/2038

Industrial Info Resources, Inc

25,298

3.1%

8/31/2030

Contract Land Staff, LLC

24,458

3.0%

1/31/2025

Amica Mutual Insurance

22,721

2.8%

7/31/2029

9/29/2023

NAP

9/29/2023

NAP

Fee / Leasehold

9/30/2102

None

Springing

13,387

5,750,000

Springing

5,750,000

22,108,718

Outstanding TI/LC Reserve ($10,496,773.52), Free Rent Reserve ($6,293,081.98), Gap Rent Reserve ($318,862.01), Earnout Reserve ($5,000,000)

5,000,000

$5,000,000 deposited into the Earnout Reserve to be distributed to the borrower upon certain conditions in the loan agreement.

Hard

Springing

Yes

35,000,000

70,000,000

471,137.27

706,705.90

NAP

105,000,000

706,705.90

50.2%

1.33

11.8%

NAP

Lionstone Commercial Real Estate Alpha Driver Partners, L.P.

Refinance

105,000,000

8,538,028

113,538,028

82,885,094

2,794,216

27,858,718

113,538,028

NAP

Loan

West Bay Plaza

6.0%

100.0%

GSBI

GSMC

NAP

30010 Detroit Road

Westlake

Cuyahoga

Ohio

44145

Retail

Anchored

1974

2021

147,135

198.63

29,225,000

27,882,987

7.64820%

0.02872%

7.61948%

207,319.34

188,852.56

2,487,832.08

2,266,230.72

Interest Only, Amortizing Balloon

Actual/360

120

360

11/9/2023

1/6/2024

1/6/2029

12/6/2033

NAP

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

4,061,040

983,423

3,077,617

8/31/2023

T-12

3,850,766

850,826

2,999,940

12/31/2022

T-12

3,392,218

794,430

2,597,788

12/31/2021

T-12

93.2%

4,356,907

952,296

3,404,611

28,587

135,368

3,240,656

1.37

1.30

11.6%

11.1%

43,100,000

As Is

9/13/2023

67.8%

64.7%

94.6%

10/13/2023

Fresh Thyme

28,709

19.5%

8/31/2033

Homesense

25,042

17.0%

2/28/2029

Sierra Trading Post

18,003

12.2%

4/30/2032

Ulta Beauty

10,182

6.9%

8/31/2028

Pet Supplies Plus

8,000

5.4%

8/31/2028

9/21/2023

NAP

9/21/2023

NAP

Fee

NAP

228,474

38,079

19,971

6,657

2,452

150,000

18,392

875,000

342,993

Unfunded Obligations ($336,945); Fresh Thyme Farmer's Market ($6,047.80)

NAP

Hard

Springing

Yes

NAP

John Carter and Catherine Carter

Acquisition

29,225,000

14,266,681

43,491,681

41,750,000

1,150,243

591,437

43,491,681

NAP

Loan

Fashion Valley Mall

5.2%

100.0%

BANA, JPMCB, BCREI, BMO

BANA

Group 1

NAP

7007 Friars Road

San Diego

California

92108

Retail

Super Regional Mall

1969

2023

1,377,155

326.76

25,000,000

5.73000%

0.02997%

5.70003%

NAP

121,032.99

NAP

1,452,395.88

Interest Only

Actual/360

120

114

120

114

5/25/2023

7/1/2023

NAP

6/1/2033

NAP

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

100,144,513

19,298,501

80,846,012

12/31/2022

T-12

97,018,960

17,953,015

79,065,945

12/31/2021

T-12

89,629,550

16,856,897

72,772,653

12/31/2020

T-12

89.9%

103,974,716

19,972,427

84,002,289

195,237

1,504,094

82,302,958

3.21

3.15

18.7%

18.3%

1,430,000,000

Hypothetical As Is

4/5/2023

31.5%

94.0%

5/15/2023

Nordstrom

220,486

16.0%

12/31/2080

Bloomingdale's

201,502

14.6%

1/31/2035

Macy's

196,120

14.2%

1/31/2026

Forever 21

53,787

3.9%

1/31/2026

AMC Theatres

51,610

3.7%

12/31/2024

4/10/2023

NAP

4/11/2023

4/10/2023

12%

Yes - A, AE

Fee

NAP

Springing

28,803,694

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

NAP

Hard

Springing

Yes

25,000,000

425,000,000

2,057,560.76

2,178,593.75

NAP

450,000,000

2,178,593.75

31.5%

3.15

18.7%

NAP

Simon Property Group, L.P.

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

Refinance

450,000,000

417,362,939

1,262,178

28,803,694

2,571,188

450,000,000

NAP

Loan

Arundel Mills and Marketplace

5.2%

100.0%

WFB, CREFI, DBRI, SGFC

CREFI

Group 1

NAP

7000 and 7600 Arundel Mills Circle

Hanover

Anne Arundel

Maryland

21076

Retail

Super Regional Mall

2000, 2002, 2012

NAP

1,938,983

185.66

25,000,000

7.70100%

0.02997%

7.67103%

NAP

162,665.80

NAP

1,951,989.60

Interest Only

Actual/360

120

119

120

119

10/5/2023

12/1/2023

NAP

11/1/2033

NAP

L(25),D(89),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

25,000,000

335,000,000

2,179,721.70

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

360,000,000

32,236,503

392,236,503

384,870,923

2,981,210

4,384,369

392,236,503

NAP

Loan

Workspace Portfolio

4.5%

JPMCB

NAP

Various

Office

Various

123,832

174.09

21,580,000

21,558,300

20,755,228

8.40200%

0.02872%

8.37328%

164,435.06

NAP

1,973,220.72

NAP

Amortizing Balloon

Actual/360

360

358

9/11/2023

11/6/2023

10/6/2028

NAP

L(26),D(29),O(5)

2,880,142

576,413

2,303,730

12/31/2022

T-12

2,785,220

547,505

2,237,715

12/31/2021

T-12

NAV

96.7%

3,072,688

609,591

2,463,097

18,958

2,444,139

1.25

1.24

11.4%

11.3%

33,200,000

As Is

Various

64.9%

62.5%

100.0%

26,588

23,220

Springing

1,397

NAP

Hard

In Place

Yes

NAP

Workspace Property Trust, L.P.

Refinance

21,580,000

20,122,726

436,303

27,985

992,986

21,580,000

NAP

10.01

Property

Cotton Center - Building 19

2.9%

65.5%

4755 South 44th Place

Phoenix

Maricopa

Arizona

85040

Office

Flex

2018

NAP

80,000

14,140,000

14,125,782

13,599,579

1,910,528

381,289

1,529,239

12/31/2022

T-12

1,853,531

356,219

1,497,311

12/31/2021

T-12

NAV

95.0%

2,022,790

412,176

1,610,615

8,000

1,602,615

22,200,000

As Is

7/17/2023

100.0%

12/6/2023

Yes

Aetna

80,000

100.0%

1/31/2029

NAP

11/10/2022

NAP

11/10/2022

NAP

Fee

NAP

10.02

Property

300-309 Lakeside Drive

1.5%

34.5%

300-309 Lakeside Drive

Horsham

Montgomery

Pennsylvania

19044

Office

Suburban

1981

2020

43,832

7,440,000

7,432,519

7,155,649

969,614

195,124

774,491

12/31/2022

T-12

931,689

191,286

740,404

12/31/2021

T-12

NAV

100.0%

1,049,898

197,415

852,482

10,958

841,524

11,000,000

As Is

7/1/2023

100.0%

12/6/2023

Yes

Thomas Jefferson University

43,832

100.0%

3/31/2036

NAP

11/10/2022

NAP

11/10/2022

NAP

Fee

NAP

Loan

Outlet Shoppes at Atlanta

4.1%

100.0%

GSBI, BCREI

GSMC

NAP

915 Ridgewalk Parkway

Woodstock

Cherokee

Georgia

30188

Retail

Outlet Center

2012

NAP

405,146

195.81

20,000,000

7.85000%

0.02872%

7.82128%

NAP

132,650.46

NAP

1,591,805.52

Interest Only

Actual/360

120

118

120

118

10/3/2023

11/6/2023

NAP

10/6/2033

NAP

5 (Once per trailing 12-month period)

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

15,397,806

4,458,904

10,938,902

7/31/2023

T-12

15,027,489

4,474,546

10,552,943

12/31/2022

T-12

13,741,626

4,674,036

9,067,590

12/31/2021

T-12

96.0%

16,520,639

4,733,026

11,787,613

81,029

607,719

11,098,864

1.87

1.76

14.9%

14.0%

158,000,000

As Is

8/27/2023

50.2%

95.9%

8/1/2023

Saks Fifth Avenue Off Fifth

24,807

6.1%

7/31/2028

Nike Factory Store

13,692

3.4%

1/31/2029

Forever 21

10,644

2.6%

1/31/2033

Adidas

9,054

2.2%

1/31/2031

Polo Ralph Lauren

8,049

2.0%

11/30/2024

9/5/2023

NAP

9/5/2023

NAP

Fee

NAP

123,910

61,955

Springing

867,000

Springing

897,915

Outstanding TI/LC Reserve

NAP

Hard

Springing

Yes

20,000,000

59,330,000

393,507.60

526,158.06

NAP

79,330,000

526,158.06

50.2%

1.76

14.9%

NAP

CBL & Associates Limited Partnership and Horizon Group Properties, Inc.

Refinance

79,330,000

69,889,296

1,491,319

1,888,825

6,060,560

79,330,000

NAP

Loan

2000 Industrial & 1700 Fostoria

3.2%

CREFI

NAP

Various

Findlay

Hancock

Ohio

45840

Industrial

Various

373,645

41.22

15,400,000

7.16000%

0.02872%

7.13128%

NAP

93,162.87

NAP

1,117,954.44

Interest Only

Actual/360

120

119

120

119

11/1/2023

12/6/2023

NAP

11/6/2033

NAP

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

NAV

95.0%

2,819,972

597,765

2,222,208

56,047

85,153

2,081,008

1.99

1.86

14.4%

13.5%

29,000,000

As Is

9/13/2023

53.1%

100.0%

Springing

NAP

Hard

In Place

Yes

NAP

LCN North American Fund III, L.P.

LCN North American Fund III REIT

Acquisition

15,400,000

13,075,395

28,475,395

28,377,604

97,791

28,475,395

NAP

12.01

Property

1700 Fostoria

2.0%

61.4%

1700 Fostoria Avenue

Findlay

Hancock

Ohio

45840

Industrial

Warehouse/Distribution

1954

1985

255,743

9,450,000

NAV

95.0%

1,841,697

316,042

1,525,655

38,361

55,792

1,431,502

19,400,000

As Is

9/13/2023

100.0%

12/6/2023

Yes

FMT

255,743

100.0%

10/31/2043

NAP

8/9/2023

NAP

8/8/2023

NAP

Fee

NAP

12.02

Property

2000 Industrial

1.2%

38.6%

2000 Industrial Drive

Findlay

Hancock

Ohio

45840

Industrial

Manufacturing/Warehouse

1997

NAP

117,902

5,950,000

NAV

95.0%

978,276

281,723

696,553

17,685

29,361

649,506

9,600,000

As Is

9/13/2023

100.0%

12/6/2023

Yes

FMT

117,902

100.0%

10/31/2043

NAP

8/9/2023

NAP

8/8/2023

NAP

Fee

NAP

Loan

1220 Echelon Parkway

3.1%

100.0%

JPMCB

NAP

1220 Echelon Parkway

Jackson

Hinds

Mississippi

39213

Office

Suburban

2009

NAP

109,819

135.68

14,900,000

7.71700%

0.02872%

7.68828%

NAP

97,150.24

NAP

1,165,802.88

Interest Only

Actual/360

120

117

120

117

8/8/2023

10/1/2023

NAP

9/1/2033

NAP

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

4,336,867

1,843,666

2,493,201

11/28/2023

T-12

4,285,252

1,702,919

2,582,333

12/31/2022

T-12

4,219,220

1,651,663

2,567,557

12/31/2021

T-12

100.0%

3,888,540

1,729,038

2,159,502

26,357

2,133,145

1.85

1.83

14.5%

14.3%

30,000,000

As Is

4/24/2023

49.7%

100.0%

12/1/2023

Yes

GSA

109,819

100.0%

11/4/2044

NAP

5/17/2023

NAP

5/16/2023

NAP

Fee

NAP

Springing

2,973,138

Free Rent Reserve ($1,625,977.40), Outstanding TI/LC Reserve ($1,347,160.92)

NAP

Hard

Springing

Yes

NAP

Office Properties Income Trust

Recapitalization

14,900,000

326,503

2,973,138

11,600,359

14,900,000

NAP

Loan

Connolly's Portfolio

2.8%

JPMCB

NAP

Various

New York

Various

Retail

Single Tenant

Various

21,576

625.70

13,500,000

7.08400%

0.02872%

7.05528%

NAP

80,801.88

NAP

969,622.56

Interest Only

Actual/360

120

118

120

118

9/13/2023

11/1/2023

NAP

10/1/2033

NAP

L(26),D(91),O(3)

NAV

95.0%

2,751,039

680,831

2,070,208

4,758

2,065,450

2.14

2.13

15.3%

28,800,000

As Is

7/18/2023

46.9%

100.0%

71,970

35,985

109,656

12,184

397

14,274

NAP

Hard

Springing

Yes

NAP

Anne Reilly, Brendan Connolly and Thomas G. Connolly

Refinance

13,500,000

10,804,824

278,233

182,023

2,234,920

13,500,000

NAP

14.01

Property

Connolly's Pub

1.5%

53.1%

121 West 45th Street

New York

10036

Retail

Single Tenant

1920

2020

11,556

7,171,875

NAV

95.0%

1,292,501

320,527

971,974

2,542

969,432

15,300,000

As Is

7/18/2023

100.0%

12/1/2023

Yes

Connolly's

11,556

100.0%

10/1/2038

NAP

8/3/2023

NAP

8/3/2023

NAP

Fee

NAP

14.02

Property

Perfect Pint - 123 West

0.8%

27.1%

123 West 45th Street

New York

10036

Retail

Single Tenant

1930

2006

6,020

3,656,250

NAV

95.0%

877,116

198,280

678,836

1,350

677,486

7,800,000

As Is

7/18/2023

100.0%

12/1/2023

Yes

Perfect Pint

6,020

100.0%

10/1/2038

NAP

8/3/2023

NAP

8/3/2023

NAP

Fee

NAP

14.03

Property

Perfect Pint - 203 East

0.6%

19.8%

203 East 45th Street

New York

10017

Retail

Single Tenant

1900

2012

4,000

2,671,875

NAV

95.0%

581,422

162,023

419,399

867

418,532

5,700,000

As Is

7/18/2023

100.0%

12/1/2023

Yes

Perfect Pint

4,000

100.0%

10/1/2038

NAP

8/3/2023

NAP

8/3/2023

NAP

Fee

NAP

Loan

Best Storage Tudor Road

2.6%

100.0%

CREFI

NAP

3521 East Tudor Road and 4303 Florina Street

Anchorage

Alaska

99507

Self Storage

1998

2007

79,917

156.41

12,500,000

6.91000%

0.02872%

6.88128%

NAP

72,978.88

NAP

875,746.56

Interest Only

Actual/360

120

117

120

117

9/1/2023

10/6/2023

NAP

9/6/2033

NAP

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

1,996,706

539,830

1,456,875

8/31/2023

T-12

1,859,331

572,090

1,287,241

12/31/2022

T-12

1,741,271

543,375

1,197,896

12/31/2021

T-12

93.2%

1,996,706

552,557

1,444,149

11,988

1,432,161

1.65

1.64

11.6%

11.5%

22,500,000

As Is

7/19/2023

55.6%

96.3%

8/29/2023

NAP

7/31/2023

NAP

7/31/2023

11%

Fee

NAP

19,861

9,931

50,247

4,187

991

NAP

Springing

Yes

NAP

Arthur L. Davidson, Jr.

Refinance

12,500,000

10,369,430

312,429

70,108

1,748,033

12,500,000

NAP

Loan

406 15th Street

2.5%

100.0%

CREFI

NAP

406 15th Street

Brooklyn

Kings

New York

11215

Mixed Use

Multifamily/Medical Office

2009

NAP

Units

453,703.70

12,250,000

10,727,685

7.15000%

0.02872%

7.12128%

82,737.33

NAP

992,847.96

NAP

Amortizing Balloon

Actual/360

120

360

11/22/2023

1/6/2024

12/6/2033

NAP

L(24),YM1(93),O(3)

1,549,548

151,997

1,397,550

10/31/2023

T-12

1,463,882

161,396

1,302,485

12/31/2022

T-12

1,470,322

137,031

1,333,291

12/31/2021

T-12

97.0%

1,599,543

235,405

1,364,138

7,975

6,125

1,350,038

1.37

1.36

11.1%

11.0%

22,100,000

As Is

10/24/2023

55.4%

48.5%

100.0%

10/16/2023

Lev Khitin

2,000

40.8%

8/31/2027

Interventional Pain Management PC

1,500

30.6%

11/30/2027

Robert Grazioli

1,000

20.4%

8/31/2028

Catherine Johntz

400

8.2%

7/31/2027

NAP

11/3/2023

NAP

11/3/2023

NAP

Fee

NAP

923

41,218

4,580

665

Springing

NAP

Springing

Yes

NAP

Lorenzo Luigi LoCicero

Refinance

NAP

Loan

Staybridge Suites Lubbock

2.5%

100.0%

CREFI

NAP

4801 South Loop 289

Lubbock

Texas

79424

Hospitality

Extended Stay

2017

NAP

120

Rooms

100,000.00

12,000,000

9,904,882

8.04000%

0.02872%

8.01128%

92,936.15

NAP

1,115,233.80

NAP

Amortizing Balloon

Actual/360

120

300

12/1/2023

1/6/2024

12/6/2033

NAP

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

4,141,733

2,407,774

1,733,959

9/30/2023

T-12

3,858,165

2,191,881

1,666,284

12/31/2022

T-12

3,662,883

2,099,186

1,563,697

12/31/2021

T-12

76.4%

4,141,733

2,412,212

1,729,521

207,087

1,522,434

1.55

1.37

14.4%

12.7%

17,200,000

As Is

10/26/2023

69.8%

57.6%

76.4%

9/30/2023

NAP

11/1/2023

NAP

11/1/2023

NAP

Fee

NAP

37,115

18,558

62,402

6,934

17,257

Springing

PIP Reserve

NAP

Springing

Yes

NAP

Yes

Mezzanine (Max Principal of $1,500,000; Combined DSCR equal to or greater than the DSCR as of the Closing Date; Combined LTV equal to or less than the LTV as of the Closing Date; Combined DY equal to or greater than the DY as of the Closing Date; Intercreditor Agreement is required)

Harendra I. Patel

Refinance

5/10/2037

111.25

85.04

76.4%

111.25

85.04

76.4%

114.94

78.51

68.3%

115.01

75.45

65.6%

Loan

Philadelphia Marriott Downtown

2.4%

100.0%

JPMCB, BCREI, WFB

JPMCB

NAP

1201 and 1113 Market Street

Philadelphia

Pennsylvania

19107

Hospitality

Full Service

1990, 1995

2023

1,408

Rooms

152,698.86

11,666,667

8.70500%

0.02872%

8.67628%

NAP

85,807.39

NAP

1,029,688.68

Interest Only

Actual/360

10/25/2023

12/6/2023

NAP

11/6/2028

NAP

L(25),DorYM0.5(28),O(7)

106,555,128

72,995,206

33,559,922

9/30/2023

T-12

85,149,141

59,158,454

25,990,687

12/31/2022

T-12

26,916,192

29,338,995

-2,422,803

12/31/2021

T-12

60.2%

111,076,788

76,576,225

34,500,562

5,424,586

29,075,976

1.82

1.53

16.0%

13.5%

391,300,000

As Is

9/7/2023

54.9%

57.1%

9/30/2023

NAP

9/20/2023

NAP

9/15/2023

NAP

Fee

NAP

Springing

Condominium Funds

NAP

Soft

Springing

Yes

11,666,667

203,333,333

1,495,500.19

1,581,307.58

NAP

215,000,000

1,581,307.58

54.9%

1.53

16.0%

NAP

Yes

Mezzanine (Max Combined LTV of 54.9%; Min Combined Debt Yield of 13.2%; Min Combined DSCR of 1.50x; Intercreditor Agreement is required)

Oaktree Capital Management, LLC, Clearview Hotel Capital, LLC and Host Hotels & Resorts LP

Oaktree Real Estate Opportunities Fund VI, L.P.

Refinance

NAP

233.09

140.33

60.2%

230.42

131.55

57.1%

221.64

102.75

46.4%

181.77

37.37

20.6%

Loan

Walgreens 3-Pack

2.1%

GSBI

GSMC

NAP

Various

Retail

Single Tenant

Various

NAP

42,722

242.37

10,354,631

7.52170%

0.02872%

7.49298%

NAP

65,805.13

NAP

789,661.56

Interest Only

Actual/360

120

117

120

117

8/14/2023

10/6/2023

NAP

9/6/2033

NAP

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

1,183,000

5/31/2023

T-12

1,183,000

12/31/2022

T-12

1,183,000

12/31/2021

T-12

96.9%

1,145,887

40,268

1,105,619

4,272

13,022

1,088,325

1.40

1.38

10.7%

10.5%

19,025,000

As Is

Various

54.4%

100.0%

Springing

4,338

1,446

356

Springing

NAP

Springing

Yes

NAP

Howard Cohen

Yes

Refinance

NAP

19.01

Property

Walgreens (Pickerington)

0.9%

42.0%

1101 Hill Road North

Pickerington

Fairfield

Ohio

43147

Retail

Single Tenant

2009

NAP

14,334

4,354,115

519,000

5/31/2023

T-12

519,000

12/31/2022

T-12

519,000

12/31/2021

T-12

96.9%

503,106

10,062

493,044

1,433

4,255

487,355

8,000,000

As Is

6/9/2023

100.0%

11/6/2023

Yes

Walgreens

14,334

100.0%

9/30/2084

NAP

6/23/2023

NAP

6/23/2023

NAP

Fee

NAP

19.02

Property

Walgreens (Sedro Woolley)

0.7%

31.5%

320 Harrison Street

Sedro Woolley

Skagit

Washington

98284

Retail

Single Tenant

2007

NAP

14,738

3,265,587

375,000

5/31/2023

T-12

375,000

12/31/2022

T-12

375,000

12/31/2021

T-12

96.8%

362,813

13,662

349,150

1,474

4,634

343,042

6,000,000

As Is

6/12/2023

100.0%

11/6/2023

Yes

Walgreens

14,738

100.0%

10/31/2082

NAP

6/23/2023

NAP

6/23/2023

Fee

NAP

19.03

Property

Walgreens (Harvard)

0.6%

26.4%

395 South Division Street

Harvard

McHenry

Illinois

60033

Retail

Single Tenant

2008

NAP

13,650

2,734,929

289,000

5/31/2023

T-12

289,000

12/31/2022

T-12

289,000

12/31/2021

T-12

96.9%

279,969

16,543

263,425

1,365

4,132

257,928

5,025,000

As Is

6/10/2023

100.0%

11/6/2023

Yes

Walgreens

13,650

100.0%

1/31/2084

NAP

6/23/2023

NAP

6/23/2023

NAP

Fee

NAP

Loan

Nvidia Santa Clara

2.1%

100.0%

JPMCB

NAP

2220, 2300, 2330 Central Expressway, 2770-2800, 2880 Scott Boulevard and 2001 Walsh Avenue

Santa Clara

California

95050

Mixed Use

Office/Lab

1996-1999, 2013

2015-2023

551,233

235.83

10,000,000

6.87612%

0.02872%

6.84740%

NAP

58,096.81

NAP

697,161.72

Interest Only

Actual/360

11/9/2023

1/1/2024

NAP

12/1/2028

NAP

L(24),D(29),O(7)

20,525,326

3,611,603

16,913,723

12/31/2022

T-12

21,443,985

4,189,315

17,254,670

12/31/2021

T-12

19,730,863

4,074,227

15,656,636

12/31/2020

T-12

97.0%

23,069,532

4,731,195

18,338,337

110,247

18,228,091

2.02

2.01

14.1%

14.0%

313,247,393

As If Funded

4/20/2023

41.5%

100.0%

12/1/2023

Yes

Nvidia Corporation

551,233

100.0%

9/30/2030

NAP

5/3/2023

NAP

5/11/2023

7/28/2023

12%

Fee

NAP

439,564

226,510

Springing

5,000,000

Springing

9,144,397

Outstanding TI Reserve ($8,146,892.50), Free Rent Reserve ($997,504.94)

NAP

Hard

Springing

Yes

10,000,000

120,000,000

697,161.70

755,258.51

NAP

130,000,000

755,258.51

41.5%

2.01

14.1%

50,500,000

10.50000%

180,500,000

1,203,270.66

57.6%

1.26

10.2%

NAP

Preylock Real Estate Holdings, LLC (DE)

Farshid Steve Shokouhi, Brett Michael Lipman and Reitman 1994 Gift Trust U/A/D 9/27/1994

Refinance

NAP