The depositor has filed a registration statement (including a prospectus) with the SEC (SEC File No. 333-259741) 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 toll free 1-866-718-1649 or by email to prospectus@ms.com.

This material was prepared by sales, trading, banking or other non-research personnel of one of the following: Morgan Stanley & Co. LLC, Morgan Stanley & Co. International Limited, Morgan Stanley Japan Limited and/or Morgan Stanley Dean Witter Asia Limited (together with their affiliates, hereinafter “Morgan Stanley“),Citigroup Global Markets Inc. (together with its affiliates, “Citigroup”), J.P. Morgan Securities LLC (together with its affiliates, “J.P. Morgan”), Goldman Sachs & Co. LLC (together with its affiliates, “Goldman Sachs”), Wells Fargo Securities, LLC (together with its affiliates, “Wells Fargo”), BofA Securities, Inc. (together with its affiliates, “BofA Securities”), Academy Securities, Inc. (together with its affiliates, “Academy”), Drexel Hamilton (together with its affiliates, “Drexel”) and Siebert Williams Shank & Co., LLC (together with its affiliates, “SWS”, and collectively with Morgan Stanley, Citigroup, J.P. Morgan, Goldman Sachs, Wells Fargo, BofA Securities, Academy and Drexel, the “Underwriters”). This material was not produced by an Underwriter’s research analyst, although it may refer to an Underwriter’s research analyst or research report. Unless otherwise indicated, these views (if any) are the author’s and may differ from those of the fixed income or equity research departments of the Underwriters or others in those firms.

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This material has been prepared for information purposes to support the promotion or marketing of the transaction or matters addressed herein. This is not a research report and was not prepared by the research department of any Underwriter. It was prepared by sales, trading, banking or other non-research personnel of one or more of the Underwriters. This material is not intended or written to be used, and it cannot be used by any taxpayer, for the purpose of avoiding penalties that may be imposed on the taxpayer under U.S. federal tax laws. Each taxpayer should seek advice based on the taxpayer’s particular circumstances from an independent tax advisor. Past performance is not necessarily a guide to future performance. Please see additional important information and qualifications at the end of this material.

The asset-backed securities referred to in these materials are being offered when, as and if issued. In particular, you are advised that asset-backed securities, and the asset pools backing them, are subject to modification or revision (including, among other things, the possibility that one or more classes of securities may be split, combined or eliminated), at any time prior to issuance or availability of a final prospectus. As a result, you may commit to purchase securities that have characteristics that may change, and you are advised that all or a portion of the securities may not be issued that have the characteristics described in these materials. Our obligation to sell securities to you is conditioned on the securities and the underlying transaction having the characteristics described in these materials. If we determine that condition is not satisfied in any material respect, we will notify you, and neither the issuing entity nor any Underwriter will have any obligation to you to deliver all or any portion of the securities which you have committed to purchase, and there will be no liability between us as a consequence of the non-delivery.

The information contained in this material is preliminary as of the date hereof. This material is subject to change, completion or amendment from time to time. The information contained herein supersedes information in any other communication relating to the securities referred to in this material; provided, that the information in this material will be superseded by similar information delivered to you as part of a preliminary prospectus. This material is not a solicitation to participate in any trading strategy, and is not an offer to sell any security or instrument or a solicitation of an offer to buy or sell any security or instrument in any jurisdiction where an offer, solicitation or sale is not permitted.

The securities/instruments discussed in this material may not be suitable for all investors. This material has been prepared and issued by the Underwriters for intended distribution to market professionals and institutional investor clients. Other recipients should seek independent investment advice prior to making any investment decision based on this material. This material does not provide individually tailored investment advice or offer tax, regulatory, accounting or legal advice. Prior to entering into any proposed transaction, recipients should determine, in consultation with their own investment, legal, tax, regulatory and accounting advisors, the economic risks and merits, as well as the legal, tax, regulatory and accounting characteristics and consequences, of the transaction. You should consider this material as only a single factor in making an investment decision.

The value of and income from investments may vary because of changes in interest rates, foreign exchange rates, default rates, prepayment rates, securities/instruments prices, market indexes, operational or financial conditions of companies or other factors. There may be time limitations on the exercise of options or other rights in securities/instruments transactions. Past performance is not necessarily a guide to future performance. Estimates of future performance are based on assumptions that may not be realized. Actual events may differ from those assumed and changes to any assumptions may have a material impact on any projections or estimates. Other events not taken into account may occur and may significantly affect the projections or estimates. Certain assumptions may have been made for modeling purposes only to simplify the presentation and/or calculation of any projections or estimates, and the Underwriters do not represent that any such assumptions will reflect actual future events. Accordingly, there can be no assurance that estimated returns or projections will be realized or that actual returns or performance results will not materially differ from those estimated herein. Some of the information contained in this document may be aggregated data of transactions in securities or other financial instruments executed by an Underwriter that has been compiled so as not to identify the underlying transactions of any particular customer.

Notwithstanding anything herein to the contrary, the Underwriters and each recipient hereof (and their employees, representatives, and other agents) may disclose to any and all persons, without limitation of any kind from the commencement of discussions, the U.S. federal and state income tax treatment and tax structure of the transaction and all materials of any kind (including opinions or other tax analyses) that are provided to it relating to the tax treatment and tax structure (as such terms are defined in Treasury Regulation 1.6011-4). For this purpose, "tax structure" is limited to facts relevant to the U.S. federal and state income tax treatment of the transaction and does not include information relating to the identity of the parties, their affiliates, agents or advisors. This authorization of tax disclosure is retroactively effective to the commencement of discussions with prospective investors regarding the transactions contemplated herein.

THE COMMUNICATION OF THIS MATERIAL (A) IF MADE BY A PERSON WHO IS NOT AN AUTHORIZED PERSON UNDER THE FINANCIAL SERVICES AND MARKETS ACT 2000 (“FSMA”), IS BEING MADE ONLY TO, OR DIRECTED ONLY AT, PERSONS WHO (I) ARE OUTSIDE THE UNITED KINGDOM, OR (II) HAVE PROFESSIONAL EXPERIENCE IN MATTERS RELATING TO INVESTMENTS AND QUALIFY AS INVESTMENT PROFESSIONALS IN ACCORDANCE WITH ARTICLE 19(5) OF THE FINANCIAL SERVICES AND MARKETS ACT 2000 (FINANCIAL PROMOTION) ORDER 2005 (AS AMENDED, THE “FINANCIAL PROMOTION ORDER”), OR (III) ARE PERSONS FALLING WITHIN ARTICLE 49(2)(A) THROUGH (D) OF THE FINANCIAL PROMOTION ORDER OR, (IV) ARE PERSONS TO WHOM THIS MATERIAL MAY OTHERWISE LAWFULLY BE COMMUNICATED OR DIRECTED; AND (B) IF MADE BY A PERSON WHO IS AN AUTHORIZED PERSON UNDER THE FSMA, IS BEING MADE ONLY TO, OR DIRECTED ONLY AT, PERSONS WHO (I) ARE OUTSIDE THE UNITED KINGDOM, OR (II) HAVE PROFESSIONAL EXPERIENCE OF PARTICIPATING IN UNREGULATED SCHEMES (AS DEFINED FOR PURPOSES OF THE FINANCIAL SERVICES AND MARKETS ACT 2000 (PROMOTION OF COLLECTIVE INVESTMENT SCHEMES) (EXEMPTIONS) ORDER 2001 (AS AMENDED, THE “PROMOTION OF COLLECTIVE INVESTMENT SCHEMES EXEMPTIONS ORDER”)) AND QUALIFY AS INVESTMENT PROFESSIONALS IN ACCORDANCE WITH ARTICLE 14(5) OF THE PROMOTION OF COLLECTIVE INVESTMENT SCHEMES EXEMPTIONS ORDER, OR (III) ARE PERSONS FALLING WITHIN ARTICLE 22(2)(A) THROUGH (D) OF THE PROMOTION OF COLLECTIVE INVESTMENT SCHEMES EXEMPTIONS ORDER, OR (IV) ARE PERSONS TO WHOM THE ISSUING ENTITY MAY LAWFULLY BE PROMOTED IN ACCORDANCE WITH SECTION 4.12B OF THE FCA HANDBOOK CONDUCT OF BUSINESS SOURCEBOOK.

THE OFFERED CERTIFICATES HAVE NOT BEEN AND WILL NOT BE REGISTERED UNDER THE FINANCIAL INSTRUMENTS AND EXCHANGE LAW OF JAPAN, AS AMENDED (THE “FIEL"), AND DISCLOSURE UNDER THE FIEL HAS NOT BEEN AND WILL NOT BE MADE WITH RESPECT TO THE OFFERED CERTIFICATES. ACCORDINGLY, EACH OF MORGAN STANLEY & CO. LLC, CITIGROUP GLOBAL MARKETS INC., J.P. MORGAN SECURITIES LLC, GOLDMAN SACHS & CO. LLC, WELLS FARGO SECURITIES, LLC, BOFA SECURITIES, INC., ACADEMY SECURITIES, INC., DREXEL HAMILTON LLC AND SIEBERT WILLIAMS SHANK & CO., LLC HAS REPRESENTED AND AGREED THAT IT HAS NOT, DIRECTLY OR INDIRECTLY, OFFERED OR SOLD AND WILL NOT, DIRECTLY OR INDIRECTLY, OFFER OR SELL ANY OFFERED CERTIFICATES IN JAPAN OR TO, OR FOR THE BENEFIT OF, ANY RESIDENT OF JAPAN (WHICH TERM AS USED IN THIS MATERIAL MEANS ANY PERSON RESIDENT IN JAPAN, INCLUDING ANY CORPORATION OR OTHER ENTITY ORGANIZED UNDER THE LAWS OF JAPAN) OR TO OTHERS FOR REOFFERING OR RE-SALE, DIRECTLY OR INDIRECTLY, IN JAPAN OR TO, OR FOR THE BENEFIT OF, ANY RESIDENT OF JAPAN EXCEPT PURSUANT TO AN EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF, AND OTHERWISE IN COMPLIANCE WITH, THE FIEL AND OTHER RELEVANT LAWS, REGULATIONS AND MINISTERIAL GUIDELINES OF JAPAN. AS PART OF THIS OFFERING OF THE OFFERED CERTIFICATES, THE UNDERWRITERS MAY OFFER THE OFFERED CERTIFICATES IN JAPAN TO UP TO 49 OFFEREES IN ACCORDANCE WITH THE ABOVE PROVISIONS.

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Loan ID Number	Property Flag	Footnotes (for Loan and Property Information)	# of Properties	Property Name	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 %⁽³⁾
1	Loan	5, 6, 10, A	2	Soho Grand & The Roxy Hotel	Hospitality	Full Service	Various	Various	548	Rooms	371,350.36	100,000,000	100,000,000	100,000,000	5.54000%	0.01453%
1.01	Property		1	Soho Grand Hotel	Hospitality	Full Service	1996	2018-2021	347	Rooms		64,370,079	64,370,079	64,370,079
1.02	Property		1	Roxy Hotel	Hospitality	Full Service	2000	2016	201	Rooms		35,629,921	35,629,921	35,629,921
2	Loan	7, 11, B	1	Biltmore Park Town Square	Mixed Use	Retail/Multifamily/Office	2009	NAP	499,998	SF	180.00	90,000,000	90,000,000	90,000,000	6.51000%	0.01453%
3	Loan	5, 6, 7	31	Poindexter Industrial Portfolio	Industrial	Various	Various	Various	4,526,168	SF	30.73	85,000,000	85,000,000	85,000,000	5.65000%	0.01453%
3.01	Property		1	Ringgold	Industrial	Manufacturing	2008	2019	878,000	SF		10,757,173	10,757,173	10,757,173
3.02	Property		1	Laval	Industrial	Manufacturing/Vehicle Storage	1987	NAP	117,533	SF		6,723,233	6,723,233	6,723,233
3.03	Property		1	Loudon	Industrial	Manufacturing	1996, 2005, 2007	2015	334,024	SF		5,959,229	5,959,229	5,959,229
3.04	Property		1	Salt Lake City	Industrial	Manufacturing/Warehouse	2009	NAP	109,914	SF		5,134,105	5,134,105	5,134,105
3.05	Property		1	Morgantown	Industrial	Manufacturing/Vehicle Storage	1950	2014	246,843	SF		4,767,383	4,767,383	4,767,383
3.06	Property		1	Reading	Industrial	Manufacturing/Warehouse	1951	1998	323,381	SF		4,033,940	4,033,940	4,033,940
3.07	Property		1	Orrville	Industrial	Manufacturing/Warehouse	1922	2018	347,024	SF		3,331,056	3,331,056	3,331,056
3.08	Property		1	Riverside I	Industrial	Manufacturing	1979	NAP	66,000	SF		3,300,496	3,300,496	3,300,496
3.09	Property		1	Spring Hill	Industrial	Manufacturing	2008	NAP	80,400	SF		3,239,376	3,239,376	3,239,376
3.10	Property		1	Janesville	Industrial	Manufacturing/Vehicle Storage	1990	2015	196,098	SF		3,056,015	3,056,015	3,056,015
3.11	Property		1	Sturgis II	Industrial	Manufacturing	1967	2020	204,555	SF		2,994,895	2,994,895	2,994,895
3.12	Property		1	Denver	Industrial	Manufacturing/Warehouse	2000	2017	98,485	SF		2,872,654	2,872,654	2,872,654
3.13	Property		1	Sturgis I	Industrial	Manufacturing	1960	NAP	175,700	SF		2,567,053	2,567,053	2,567,053
3.14	Property		1	Social Circle	Industrial	Manufacturing/Warehouse	1970	1994	200,342	SF		2,322,571	2,322,571	2,322,571
3.15	Property		1	Caldwell	Industrial	Manufacturing/Warehouse	2018	NAP	37,100	SF		2,230,891	2,230,891	2,230,891
3.16	Property		1	Brenham	Industrial	Manufacturing/Warehouse	1993	2002	128,225	SF		2,139,210	2,139,210	2,139,210
3.17	Property		1	Clinton	Industrial	Manufacturing/Warehouse	1962, 1969	NAP	17,552	SF		1,955,850	1,955,850	1,955,850
3.18	Property		1	Ehrenberg	Industrial	Manufacturing/Warehouse	1986	2017	120,416	SF		1,955,850	1,955,850	1,955,850
3.19	Property		1	Rydal	Industrial	Manufacturing/Warehouse	1987, 2000, 2014	NAP	102,697	SF		1,839,721	1,839,721	1,839,721
3.20	Property		1	Claremore	Industrial	Manufacturing	1981	NAP	101,498	SF		1,711,368	1,711,368	1,711,368
3.21	Property		1	West Palm Beach	Industrial	Manufacturing/Warehouse	1984	NAP	24,890	SF		1,528,007	1,528,007	1,528,007
3.22	Property		1	Decatur	Industrial	Manufacturing/Warehouse	1965	2018	183,804	SF		1,451,607	1,451,607	1,451,607
3.23	Property		1	North Salt Lake	Industrial	Manufacturing/Warehouse	1980	1996	26,145	SF		1,436,327	1,436,327	1,436,327
3.24	Property		1	Ephrata	Industrial	Manufacturing/Vehicle Storage	1970	NAP	55,198	SF		1,405,767	1,405,767	1,405,767
3.25	Property		1	Nashville	Industrial	Warehouse/Distribution	1995	2022	18,144	SF		1,124,614	1,124,614	1,124,614
3.26	Property		1	Louisville	Industrial	Manufacturing	1997	NAP	26,325	SF		1,075,717	1,075,717	1,075,717
3.27	Property		1	Riverside II	Industrial	Vehicle Storage	NAP	NAP	137,214	SF		1,075,717	1,075,717	1,075,717
3.28	Property		1	Corsicana	Industrial	Manufacturing/Warehouse	1982	2012	75,616	SF		1,039,045	1,039,045	1,039,045
3.29	Property		1	Centralia	Industrial	Warehouse	1950	2000	47,826	SF		993,205	993,205	993,205
3.30	Property		1	Indianapolis	Industrial	Warehouse	1970	2012	28,364	SF		672,323	672,323	672,323
3.31	Property		1	Elkhart	Industrial	Warehouse	1983	2010	16,855	SF		305,602	305,602	305,602
4	Loan	5, 12, 13	1	VISA Global HQ	Office	CBD	2023	NAP	320,658	SF	695.44	85,000,000	85,000,000	85,000,000	5.50600%	0.01578%
5	Loan	5	1	Grapevine Mills	Retail	Super Regional Mall	1997	2015	1,628,140	SF	153.55	80,500,000	80,500,000	80,500,000	6.26400%	0.01578%
6	Loan	5	1	Hilton La Jolla Torrey Pines	Hospitality	Full Service	1989	2012	394	Rooms	279,187.82	65,000,000	65,000,000	65,000,000	6.68700%	0.01578%
7	Loan	14	1	Residence Inn National Mall - Washington D.C.	Hospitality	Extended Stay	2005	2012, 2018	233	Rooms	227,467.81	53,000,000	53,000,000	53,000,000	6.87400%	0.01453%
8	Loan		1	Germantown Commons	Retail	Anchored	1990	2003	200,726	SF	244.11	49,000,000	49,000,000	49,000,000	5.83000%	0.01578%
9	Loan	5, C	1	20 & 40 Pacifica	Office	Suburban	2007, 2008	NAP	627,900	SF	183.15	46,000,000	46,000,000	46,000,000	5.62600%	0.01453%
10	Loan	5, 15	1	900 North Michigan	Mixed Use	Retail/Office	1988	2015-2018	831,350	SF	216.52	45,000,000	45,000,000	45,000,000	6.85300%	0.01453%
11	Loan	5, 16	1	Marriott Myrtle Beach Grande Dunes Resort	Hospitality	Full Service	2003	2017	405	Rooms	246,277.62	40,000,000	39,896,974	34,135,692	6.14500%	0.01578%
12	Loan	6, 7, 17	2	DMV Portfolio	Office	Suburban	1992	NAP	97,629	SF	322.08	31,500,000	31,444,654	22,439,071	6.97500%	0.01453%
12.01	Property		1	30-56 Whitestone Expressway	Office	Suburban	1992	NAP	58,629	SF		16,400,000	16,371,185	11,682,564
12.02	Property		1	168-35 Rockaway Boulevard	Office	Suburban	1992	NAP	39,000	SF		15,100,000	15,073,469	10,756,507
13	Loan	5, D	1	610 Newport Center	Office	Suburban	1972	2022	285,638	SF	297.58	30,000,000	30,000,000	30,000,000	5.66600%	0.01578%
14	Loan		1	Briarcliff Commons	Retail	Anchored	1960	2020	179,466	SF	167.16	30,000,000	30,000,000	30,000,000	5.47000%	0.01578%
15	Loan		1	Kendall Value Center	Retail	Anchored	1983	NAP	183,392	SF	136.32	25,000,000	25,000,000	25,000,000	6.47000%	0.01578%
16	Loan	18	1	Hamden Life Storage II	Mixed Use	Self Storage/Retail	2002	NAP	128,586	SF	188.59	24,250,000	24,250,000	24,250,000	6.41000%	0.01453%
17	Loan	6	3	Compass Self Storage Portfolio	Self Storage	Self Storage	Various	Various	216,813	SF	105.62	22,900,000	22,900,000	22,900,000	6.32000%	0.04328%
17.01	Property		1	Compass Self Storage Alachua	Self Storage	Self Storage	2000	2008	88,765	SF		9,350,000	9,350,000	9,350,000
17.02	Property		1	Metro Self Storage – Limerick	Self Storage	Self Storage	2008	NAP	79,363	SF		8,950,000	8,950,000	8,950,000
17.03	Property		1	Compass Self Storage Cleveland	Self Storage	Self Storage	1920	2014	48,685	SF		4,600,000	4,600,000	4,600,000
18	Loan	5	1	Newport Centre	Retail	Super Regional Mall	1987	2006	966,186	SF	194.58	20,000,000	20,000,000	20,000,000	5.43700%	0.01453%
19	Loan		1	East West Commons	Retail	Anchored	1999, 2017	NAP	173,197	SF	103.93	18,000,000	18,000,000	18,000,000	6.17000%	0.01453%
20	Loan	19	1	AC Charlotte Southpark	Hospitality	Select Service	2019	NAP	162	Rooms	111,111.11	18,000,000	18,000,000	15,303,546	6.02000%	0.01578%
21	Loan		1	Brooklyn Renaissance Garage	Other	Parking Garage	1997	NAP	888	Spaces	17,159.40	15,250,000	15,237,549	13,324,110	7.02000%	0.01453%
22	Loan	6	2	Southwest Estates & Waters Edge Portfolio	Manufactured Housing	Manufactured Housing	1950	2022	283	Pads	49,469.96	14,000,000	14,000,000	14,000,000	6.98970%	0.01578%
22.01	Property		1	Waters Edge	Manufactured Housing	Manufactured Housing	1950	2022	172	Pads		7,924,212	7,924,212	7,924,212
22.02	Property		1	Southwest Estates	Manufactured Housing	Manufactured Housing	1950	2022	111	Pads		6,075,788	6,075,788	6,075,788
23	Loan		1	Staybridge Suites - Ann Arbor, MI	Hospitality	Extended Stay	2017	NAP	130	Rooms	107,692.31	14,000,000	14,000,000	12,361,623	7.42000%	0.01578%
24	Loan		1	115 West 190th Street	Multifamily	Mid Rise	2024	NAP	37	Units	352,216.22	13,032,000	13,032,000	13,032,000	6.55300%	0.01453%
25	Loan		1	345 Tenth Street	Self Storage	Self Storage	1880	1980	76,527	SF	124.14	9,500,000	9,500,000	9,500,000	6.60000%	0.01578%
26	Loan	8, 9, F	1	Hudson Courts Owners, Inc.	Multifamily	Cooperative	1959	1998	117	Units	76,923.08	9,000,000	9,000,000	8,350,115	5.89000%	0.09078%
27	Loan		1	Hampton Inn Grandville	Hospitality	Limited Service	2019	NAP	101	Rooms	86,755.33	8,775,000	8,762,289	7,663,934	7.00000%	0.01453%
28	Loan		1	Fairfield Inn Cincinnati Airport South	Hospitality	Limited Service	2019	NAP	92	Rooms	91,304.35	8,400,000	8,400,000	7,969,610	7.04000%	0.01578%
29	Loan	6	5	Louisiana MHC Portfolio	Manufactured Housing	Manufactured Housing	Various	NAP	195	Pads	36,615.38	7,140,000	7,140,000	7,140,000	6.60000%	0.07328%
29.01	Property		1	White Oaks MHC	Manufactured Housing	Manufactured Housing	1985	NAP	47	Pads		1,817,455	1,817,455	1,817,455

Loan ID Number	Property Flag	Footnotes (for Loan and Property Information)	# of Properties	Property Name	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 %⁽³⁾
29.02	Property		1	Magnolia Trace MHC	Manufactured Housing	Manufactured Housing	2005	NAP	40	Pads		1,687,636	1,687,636	1,687,636
29.03	Property		1	Herradura Heights	Manufactured Housing	Manufactured Housing	1985	NAP	45	Pads		1,557,818	1,557,818	1,557,818
29.04	Property		1	Cypress Trace MHC	Manufactured Housing	Manufactured Housing	1980	NAP	36	Pads		1,168,364	1,168,364	1,168,364
29.05	Property		1	Village Trace MHC	Manufactured Housing	Manufactured Housing	1980	NAP	27	Pads		908,727	908,727	908,727
30	Loan	8, 9, F	1	Fowler-Daley Owners, Inc.	Multifamily	Cooperative	1967	2004	228	Units	28,508.77	6,500,000	6,500,000	5,545,473	6.14000%	0.09078%
31	Loan	8, 9, F	1	14 Horatio Street Apartments Corp.	Multifamily	Cooperative	1960	2023	155	Units	36,091.24	5,600,000	5,594,142	4,720,818	5.74000%	0.09078%
32	Loan	20, E	1	Shops At Lily Cache Creek	Retail	Shadow Anchored	2003	NAP	17,960	SF	228.07	4,100,000	4,096,072	3,503,016	6.20000%	0.01578%
33	Loan	21	1	169 East Broadway	Mixed Use	Multifamily/Retail	1920	NAP	18	Units	211,111.11	3,800,000	3,800,000	3,800,000	7.03400%	0.01578%
34	Loan		1	Riverwinds MHC	Manufactured Housing	Manufactured Housing	1973	NAP	103	Pads	35,408.24	3,650,000	3,647,049	3,193,200	7.07000%	0.01578%
35	Loan	8, 9, F	1	2640 Marion Avenue Owners, Inc.	Multifamily	Cooperative	1960	2009	71	Units	38,009.74	2,700,000	2,698,691	2,517,578	6.13000%	0.09078%
36	Loan	8, 9, F	1	1500 Boston Road Housing Development Fund Corporation	Multifamily	Cooperative	1915	2014	38	Units	47,336.81	1,800,000	1,798,799	1,695,202	6.61000%	0.09078%
37	Loan	8, 9, F	1	Clark Street Tenants Incorporated	Multifamily	Cooperative	1915	2018	26	Units	67,277.14	1,750,000	1,749,206	1,639,983	6.37000%	0.09078%
38	Loan	8, 9, F	1	139 E. 66 St. Corporation	Multifamily	Cooperative	1916	2014	20	Units	75,000.00	1,500,000	1,500,000	1,500,000	6.52000%	0.09078%
39	Loan	8, 9, F	1	Trinity Arms Ltd.	Multifamily	Cooperative	1966	2022	35	Units	35,655.20	1,250,000	1,247,932	1,075,357	6.44000%	0.09078%
40	Loan	8, 9, F	1	West 96th Street Owners' Corp.	Multifamily	Cooperative	1904	2014	12	Units	91,512.56	1,100,000	1,098,151	944,468	6.37000%	0.09078%

Loan ID Number	Property Flag	Footnotes (for Loan and Property Information)	# of Properties	Property Name	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
1	Loan	5, 6, 10, A	2	Soho Grand & The Roxy Hotel	5.52547%	NAP	468,078.70	NAP	5,616,944.40	Interest Only	No	Actual/360	120	119	120	119	0	0	8/20/2024
1.01	Property		1	Soho Grand Hotel
1.02	Property		1	Roxy Hotel
2	Loan	7, 11, B	1	Biltmore Park Town Square	6.49547%	NAP	495,031.25	NAP	5,940,375.00	Interest Only	No	Actual/360	120	119	120	119	0	0	8/30/2024
3	Loan	5, 6, 7	31	Poindexter Industrial Portfolio	5.63547%	NAP	405,766.78	NAP	4,869,201.36	Interest Only	No	Actual/360	120	120	120	120	0	0	9/16/2024
3.01	Property		1	Ringgold
3.02	Property		1	Laval
3.03	Property		1	Loudon
3.04	Property		1	Salt Lake City
3.05	Property		1	Morgantown
3.06	Property		1	Reading
3.07	Property		1	Orrville
3.08	Property		1	Riverside I
3.09	Property		1	Spring Hill
3.10	Property		1	Janesville
3.11	Property		1	Sturgis II
3.12	Property		1	Denver
3.13	Property		1	Sturgis I
3.14	Property		1	Social Circle
3.15	Property		1	Caldwell
3.16	Property		1	Brenham
3.17	Property		1	Clinton
3.18	Property		1	Ehrenberg
3.19	Property		1	Rydal
3.20	Property		1	Claremore
3.21	Property		1	West Palm Beach
3.22	Property		1	Decatur
3.23	Property		1	North Salt Lake
3.24	Property		1	Ephrata
3.25	Property		1	Nashville
3.26	Property		1	Louisville
3.27	Property		1	Riverside II
3.28	Property		1	Corsicana
3.29	Property		1	Centralia
3.30	Property		1	Indianapolis
3.31	Property		1	Elkhart
4	Loan	5, 12, 13	1	VISA Global HQ	5.49022%	NAP	395,425.12	NAP	4,745,101.39	Interest Only - ARD	Yes	Actual/360	120	119	120	119	0	0	8/29/2024
5	Loan	5	1	Grapevine Mills	6.24822%	NAP	426,046.25	NAP	5,112,555.00	Interest Only	No	Actual/360	120	117	120	117	0	0	6/17/2024
6	Loan	5	1	Hilton La Jolla Torrey Pines	6.67122%	NAP	367,243.23	NAP	4,406,918.76	Interest Only	No	Actual/360	120	118	120	118	0	0	7/17/2024
7	Loan	14	1	Residence Inn National Mall - Washington D.C.	6.85947%	NAP	307,818.36	NAP	3,693,820.32	Interest Only	No	Actual/360	120	119	120	119	0	0	8/27/2024
8	Loan		1	Germantown Commons	5.81422%	NAP	241,364.70	NAP	2,896,376.40	Interest Only	No	Actual/360	120	119	120	119	0	0	9/6/2024
9	Loan	5, C	1	20 & 40 Pacifica	5.61147%	NAP	218,658.66	NAP	2,623,903.92	Interest Only	No	Actual/360	120	117	120	117	0	0	6/20/2024
10	Loan	5, 15	1	900 North Michigan	6.83847%	NAP	260,556.77	NAP	3,126,681.24	Interest Only	No	Actual/360	120	118	120	118	0	0	7/22/2024
11	Loan	5, 16	1	Marriott Myrtle Beach Grande Dunes Resort	6.12922%	243,561.80	NAP	2,922,741.60	NAP	Amortizing Balloon	No	Actual/360	0	0	120	117	360	357	7/2/2024
12	Loan	6, 7, 17	2	DMV Portfolio	6.96047%	238,439.95	NAP	2,861,279.40	NAP	Amortizing Balloon	No	Actual/360	0	0	120	119	252	251	8/22/2024
12.01	Property		1	30-56 Whitestone Expressway
12.02	Property		1	168-35 Rockaway Boulevard
13	Loan	5, D	1	610 Newport Center	5.65022%	NAP	143,617.36	NAP	1,723,408.32	Interest Only	No	Actual/360	120	117	120	117	0	0	7/9/2024
14	Loan		1	Briarcliff Commons	5.45422%	NAP	138,649.31	NAP	1,663,791.72	Interest Only	No	Actual/360	120	120	120	120	0	0	9/13/2024
15	Loan		1	Kendall Value Center	6.45422%	NAP	136,663.77	NAP	1,639,965.24	Interest Only	No	Actual/360	120	117	120	117	0	0	7/1/2024
16	Loan	18	1	Hamden Life Storage II	6.39547%	NAP	131,334.52	NAP	1,576,014.24	Interest Only	No	Actual/360	120	120	120	120	0	0	9/11/2024
17	Loan	6	3	Compass Self Storage Portfolio	6.27672%	NAP	122,281.76	NAP	1,467,381.12	Interest Only	No	Actual/360	120	119	120	119	0	0	8/29/2024
17.01	Property		1	Compass Self Storage Alachua
17.02	Property		1	Metro Self Storage – Limerick
17.03	Property		1	Compass Self Storage Cleveland
18	Loan	5	1	Newport Centre	5.42247%	NAP	91,875.23	NAP	1,102,502.76	Interest Only	No	Actual/360	120	119	120	119	0	0	8/22/2024
19	Loan		1	East West Commons	6.15547%	NAP	93,835.42	NAP	1,126,025.04	Interest Only	No	Actual/360	120	118	120	118	0	0	8/5/2024
20	Loan	19	1	AC Charlotte Southpark	6.00422%	108,150.65	NAP	1,297,807.80	NAP	Amortizing Balloon	No	Actual/360	0	0	120	120	360	360	9/13/2024
21	Loan		1	Brooklyn Renaissance Garage	7.00547%	101,663.55	NAP	1,219,962.60	NAP	Amortizing Balloon	No	Actual/360	0	0	120	119	360	359	8/27/2024
22	Loan	6	2	Southwest Estates & Waters Edge Portfolio	6.97392%	NAP	82,679.09	NAP	992,149.08	Interest Only	No	Actual/360	120	118	120	118	0	0	7/3/2024
22.01	Property		1	Waters Edge
22.02	Property		1	Southwest Estates
23	Loan		1	Staybridge Suites - Ann Arbor, MI	7.40422%	97,124.26	NAP	1,165,491.12	NAP	Amortizing Balloon	No	Actual/360	0	0	120	120	360	360	9/3/2024
24	Loan		1	115 West 190th Street	6.53847%	NAP	72,153.99	NAP	865,847.88	Interest Only	No	Actual/360	120	118	120	118	0	0	7/25/2024
25	Loan		1	345 Tenth Street	6.58422%	NAP	52,975.69	NAP	635,708.28	Interest Only	No	Actual/360	120	118	120	118	0	0	8/6/2024
26	Loan	8, 9, F	1	Hudson Courts Owners, Inc.	5.79922%	48,830.85	NAP	585,970.20	NAP	Amortizing Balloon	No	Actual/360	0	0	120	120	480	480	9/6/2024
27	Loan		1	Hampton Inn Grandville	6.98547%	58,380.29	NAP	700,563.48	NAP	Amortizing Balloon	No	Actual/360	0	0	120	118	360	358	7/17/2024
28	Loan		1	Fairfield Inn Cincinnati Airport South	7.02422%	56,111.25	49,964.44	673,335.00	599,573.28	Interest Only, Amortizing Balloon	No	Actual/360	60	60	120	120	360	360	9/10/2024
29	Loan	6	5	Louisiana MHC Portfolio	6.52672%	NAP	39,815.42	NAP	477,785.04	Interest Only	No	Actual/360	120	120	120	120	0	0	9/11/2024
29.01	Property		1	White Oaks MHC

Loan ID Number	Property Flag	Footnotes (for Loan and Property Information)	# of Properties	Property Name	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
29.02	Property		1	Magnolia Trace MHC
29.03	Property		1	Herradura Heights
29.04	Property		1	Cypress Trace MHC
29.05	Property		1	Village Trace MHC
30	Loan	8, 9, F	1	Fowler-Daley Owners, Inc.	6.04922%	39,557.76	NAP	474,693.12	NAP	Amortizing Balloon	No	Actual/360	0	0	120	120	360	360	9/5/2024
31	Loan	8, 9, F	1	14 Horatio Street Apartments Corp.	5.64922%	32,644.51	NAP	391,734.12	NAP	Amortizing Balloon	No	Actual/360	0	0	120	119	360	359	8/30/2024
32	Loan	20, E	1	Shops At Lily Cache Creek	6.18422%	25,111.23	NAP	301,334.76	NAP	Amortizing Balloon	No	Actual/360	0	0	120	119	360	359	8/6/2024
33	Loan	21	1	169 East Broadway	7.01822%	NAP	22,583.70	NAP	271,004.40	Interest Only	No	Actual/360	120	117	120	117	0	0	6/21/2024
34	Loan		1	Riverwinds MHC	7.05422%	24,455.38	NAP	293,464.56	NAP	Amortizing Balloon	No	Actual/360	0	0	120	119	360	359	8/29/2024
35	Loan	8, 9, F	1	2640 Marion Avenue Owners, Inc.	6.03922%	15,101.17	NAP	181,214.04	NAP	Amortizing Balloon	No	Actual/360	0	0	120	119	480	479	8/29/2024
36	Loan	8, 9, F	1	1500 Boston Road Housing Development Fund Corporation	6.51922%	10,679.59	NAP	128,155.08	NAP	Amortizing Balloon	No	Actual/360	0	0	120	118	480	478	7/23/2024
37	Loan	8, 9, F	1	Clark Street Tenants Incorporated	6.27922%	10,083.86	NAP	121,006.32	NAP	Amortizing Balloon	No	Actual/360	0	0	120	119	480	479	8/15/2024
38	Loan	8, 9, F	1	139 E. 66 St. Corporation	6.42922%	NAP	8,263.19	NAP	99,158.28	Interest Only	No	Actual/360	120	119	120	119	0	0	8/28/2024
39	Loan	8, 9, F	1	Trinity Arms Ltd.	6.34922%	7,851.59	NAP	94,219.08	NAP	Amortizing Balloon	No	Actual/360	0	0	120	118	360	358	7/16/2024
40	Loan	8, 9, F	1	West 96th Street Owners' Corp.	6.27922%	6,858.97	NAP	82,307.64	NAP	Amortizing Balloon	No	Actual/360	0	0	120	118	360	358	7/18/2024

Loan ID Number	Property Flag	Footnotes (for Loan and Property Information)	# of Properties	Property Name	Seasoning (Mos.)	Payment Due Date	First Payment Date	First P&I Payment Date	Maturity Date or Anticipated Repayment Date	Final Maturity Date	Grace Period to Late Charge (Days)	Grace Period to Default (Days)	Prepayment Provisions (No. of Payments)	Most Recent EGI ($)	Most Recent Expenses ($)	Most Recent NOI ($)	Most Recent NOI Date
1	Loan	5, 6, 10, A	2	Soho Grand & The Roxy Hotel	1	1	10/1/2024	NAP	9/1/2034	NAP	0	0	L(24),YM1(89),O(7)	116,574,475	73,575,137	42,999,338	5/31/2024
1.01	Property		1	Soho Grand Hotel										68,650,750	41,376,904	27,273,846	5/31/2024
1.02	Property		1	Roxy Hotel										47,923,725	32,198,233	15,725,492	5/31/2024
2	Loan	7, 11, B	1	Biltmore Park Town Square	1	6	10/6/2024	NAP	9/6/2034	NAP	5	0	L(25),YM1(88),O(7)	12,328,945	4,075,139	8,253,805	5/31/2024
3	Loan	5, 6, 7	31	Poindexter Industrial Portfolio	0	6	11/6/2024	NAP	10/6/2034	NAP	0	0	L(24),D(89),O(7)	NAV	NAV	NAV	NAV
3.01	Property		1	Ringgold										NAV	NAV	NAV	NAV
3.02	Property		1	Laval										NAV	NAV	NAV	NAV
3.03	Property		1	Loudon										NAV	NAV	NAV	NAV
3.04	Property		1	Salt Lake City										NAV	NAV	NAV	NAV
3.05	Property		1	Morgantown										NAV	NAV	NAV	NAV
3.06	Property		1	Reading										NAV	NAV	NAV	NAV
3.07	Property		1	Orrville										NAV	NAV	NAV	NAV
3.08	Property		1	Riverside I										NAV	NAV	NAV	NAV
3.09	Property		1	Spring Hill										NAV	NAV	NAV	NAV
3.10	Property		1	Janesville										NAV	NAV	NAV	NAV
3.11	Property		1	Sturgis II										NAV	NAV	NAV	NAV
3.12	Property		1	Denver										NAV	NAV	NAV	NAV
3.13	Property		1	Sturgis I										NAV	NAV	NAV	NAV
3.14	Property		1	Social Circle										NAV	NAV	NAV	NAV
3.15	Property		1	Caldwell										NAV	NAV	NAV	NAV
3.16	Property		1	Brenham										NAV	NAV	NAV	NAV
3.17	Property		1	Clinton										NAV	NAV	NAV	NAV
3.18	Property		1	Ehrenberg										NAV	NAV	NAV	NAV
3.19	Property		1	Rydal										NAV	NAV	NAV	NAV
3.20	Property		1	Claremore										NAV	NAV	NAV	NAV
3.21	Property		1	West Palm Beach										NAV	NAV	NAV	NAV
3.22	Property		1	Decatur										NAV	NAV	NAV	NAV
3.23	Property		1	North Salt Lake										NAV	NAV	NAV	NAV
3.24	Property		1	Ephrata										NAV	NAV	NAV	NAV
3.25	Property		1	Nashville										NAV	NAV	NAV	NAV
3.26	Property		1	Louisville										NAV	NAV	NAV	NAV
3.27	Property		1	Riverside II										NAV	NAV	NAV	NAV
3.28	Property		1	Corsicana										NAV	NAV	NAV	NAV
3.29	Property		1	Centralia										NAV	NAV	NAV	NAV
3.30	Property		1	Indianapolis										NAV	NAV	NAV	NAV
3.31	Property		1	Elkhart										NAV	NAV	NAV	NAV
4	Loan	5, 12, 13	1	VISA Global HQ	1	6	10/6/2024	NAP	9/6/2034	3/6/2038	0	0	L(25),D(88),O(7)	NAV	NAV	NAV	NAV
5	Loan	5	1	Grapevine Mills	3	1	8/1/2024	NAP	7/1/2034	NAP	0	0	L(27),D(86),O(7)	57,265,658	13,528,222	43,737,436	3/31/2024
6	Loan	5	1	Hilton La Jolla Torrey Pines	2	1	9/1/2024	NAP	8/1/2034	NAP	0	5	L(26),D(87),O(7)	52,688,988	33,313,010	19,375,978	5/31/2024
7	Loan	14	1	Residence Inn National Mall - Washington D.C.	1	6	10/6/2024	NAP	9/6/2034	NAP	0	0	L(25),D(88),O(7)	18,785,957	11,340,314	7,445,643	6/30/2024
8	Loan		1	Germantown Commons	1	11	10/11/2024	NAP	9/11/2034	NAP	5	0	L(25),D(88),O(7)	5,674,132	1,455,268	4,218,864	6/30/2024
9	Loan	5, C	1	20 & 40 Pacifica	3	11	8/11/2024	NAP	7/11/2034	NAP	0	0	L(24),YM1(3),DorYM1(88),O(5)	28,314,642	10,422,713	17,891,929	4/30/2024
10	Loan	5, 15	1	900 North Michigan	2	6	9/6/2024	NAP	8/6/2034	NAP	0	0	L(26),D(87),O(7)	57,803,398	31,088,059	26,715,339	12/31/2023
11	Loan	5, 16	1	Marriott Myrtle Beach Grande Dunes Resort	3	11	8/11/2024	8/11/2024	7/11/2034	NAP	0	0	L(27),D(86),O(7)	43,752,709	22,449,435	21,303,274	5/31/2024
12	Loan	6, 7, 17	2	DMV Portfolio	1	6	10/6/2024	10/6/2024	9/6/2034	NAP	0	0	L(25),D(88),O(7)	4,913,793	2,091,529	2,822,264	12/31/2023
12.01	Property		1	30-56 Whitestone Expressway										2,957,552	1,417,974	1,539,578	12/31/2023
12.02	Property		1	168-35 Rockaway Boulevard										1,956,241	673,555	1,282,686	12/31/2023
13	Loan	5, D	1	610 Newport Center	3	11	8/11/2024	NAP	7/11/2034	NAP	0	0	L(24),YM1(3),DorYM1(88),O(5)	18,471,050	5,185,996	13,285,054	5/31/2024
14	Loan		1	Briarcliff Commons	0	1	11/1/2024	NAP	10/1/2034	NAP	5	5	L(24),D(89),O(7)	5,562,868	1,701,476	3,861,392	6/30/2024
15	Loan		1	Kendall Value Center	3	1	8/1/2024	NAP	7/1/2034	NAP	5	5	L(27),D(86),O(7)	4,495,432	1,380,441	3,114,991	3/31/2024
16	Loan	18	1	Hamden Life Storage II	0	6	11/6/2024	NAP	10/6/2034	NAP	0	0	L(24),D(89),O(7)	2,493,699	669,476	1,824,223	7/31/2024
17	Loan	6	3	Compass Self Storage Portfolio	1	6	10/6/2024	NAP	9/6/2034	NAP	0	0	L(25),D(91),O(4)	3,754,394	1,420,358	2,334,036	6/30/2024
17.01	Property		1	Compass Self Storage Alachua										1,462,208	522,603	939,605	6/30/2024
17.02	Property		1	Metro Self Storage – Limerick										1,353,479	428,854	924,625	6/30/2024
17.03	Property		1	Compass Self Storage Cleveland										938,707	468,901	469,806	6/30/2024
18	Loan	5	1	Newport Centre	1	1	10/1/2024	NAP	9/1/2034	NAP	0	0	L(25),D(88),O(7)	46,686,244	19,005,484	27,680,760	6/30/2024
19	Loan		1	East West Commons	2	6	9/6/2024	NAP	8/6/2034	NAP	0	0	L(26),D(87),O(7)	3,190,498	743,645	2,446,853	3/31/2024
20	Loan	19	1	AC Charlotte Southpark	0	11	11/11/2024	11/11/2024	10/11/2034	NAP	0	0	L(24),D(92),O(4)	10,506,892	6,495,908	4,010,984	6/30/2024
21	Loan		1	Brooklyn Renaissance Garage	1	6	10/6/2024	10/6/2024	9/6/2034	NAP	0	0	L(25),D(89),O(6)	5,021,043	3,656,229	1,364,814	6/30/2024
22	Loan	6	2	Southwest Estates & Waters Edge Portfolio	2	1	9/1/2024	NAP	8/1/2034	NAP	5	4	L(26),D(87),O(7)	2,171,148	1,054,469	1,116,679	4/30/2024
22.01	Property		1	Waters Edge										1,240,370	693,630	546,740	4/30/2024
22.02	Property		1	Southwest Estates										930,778	360,839	569,939	4/30/2024
23	Loan		1	Staybridge Suites - Ann Arbor, MI	0	1	11/1/2024	11/1/2024	10/1/2034	NAP	5	4	L(24),D(92),O(4)	4,263,342	2,357,527	1,905,815	6/30/2024
24	Loan		1	115 West 190th Street	2	6	9/6/2024	NAP	8/6/2034	NAP	0	0	L(26),D(87),O(7)	NAV	NAV	NAV	NAV
25	Loan		1	345 Tenth Street	2	11	9/11/2024	NAP	8/11/2034	NAP	0	0	L(26),D(90),O(4)	2,426,433	771,291	1,655,142	5/31/2024
26	Loan	8, 9, F	1	Hudson Courts Owners, Inc.	0	1	11/1/2024	11/1/2024	10/1/2034	NAP	10	10	YM1(113),1%(3),O(4)	NAP	NAP	NAP	NAP
27	Loan		1	Hampton Inn Grandville	2	6	9/6/2024	9/6/2024	8/6/2034	NAP	0	0	L(26),D(90),O(4)	2,912,550	1,516,947	1,395,603	5/31/2024
28	Loan		1	Fairfield Inn Cincinnati Airport South	0	1	11/1/2024	11/1/2029	10/1/2034	NAP	5	5	L(24),D(92),O(4)	3,366,141	2,235,098	1,131,043	6/30/2024
29	Loan	6	5	Louisiana MHC Portfolio	0	1	11/1/2024	NAP	10/1/2034	NAP	5	5	L(24),D(91),O(5)	1,009,565	276,467	733,098	6/30/2024
29.01	Property		1	White Oaks MHC										NAV	NAV	NAV	NAV

		FREE WRITING PROSPECTUS
		FILED PURSUANT TO RULE 433
		REGISTRATION FILE NO.: 333-259741-09

(1)	MSBNA—Morgan Stanley Bank, N.A.; BANA—Bank of America, National Association; MSMCH—Morgan Stanley Mortgage Capital Holdings LLC; WFB—Wells Fargo Bank, National Association; JPMCB—JPMorgan Chase Bank, National Association; CREFI—Citi Real Estate Funding Inc.; GSBI—Goldman Sachs Bank USA; NCB—National Cooperative Bank, N.A.; NCCB—National Consumer Cooperative Bank.

(2)	Certain tenants may not be in occupancy or may be in free rent periods. See "Description of the Mortgage Pool—Tenant Issues—Lease Expirations and Terminations—Other” in this prospectus for information regarding the 5 largest tenants at mortgaged properties securing the 15 largest Mortgage Loans and tenants that occupy 50% or more of the net rentable area at their respective mortgaged properties which are not in occupancy or are in free rent periods.

(3)	The Administrative Fee Rate includes the master servicing fee rate, operating advisor fee rate, certificate administrator/trustee fee rate, asset representations reviewer fee rate, primary or sub-servicing servicing fee rate, CREFC® license fee rate and, with respect to any non-serviced Mortgage Loan, pari passu loan primary servicing fee rate, in each case applicable to the related Mortgage Loan.

(4)	Certain tenants may have lease termination options that are exercisable prior to the originally stated expiration date of the subject lease. See "Description of the Mortgage Pool—Tenant Issues—Lease Expirations and Terminations—Terminations” for information regarding certain lease termination options affecting the 5 largest tenants at mortgaged properties securing the 15 largest Mortgage Loans and tenants that occupy 50% or more of the net rentable area at their respective mortgaged properties.

(5)	With respect to Mortgage Loan No. 1, Soho Grand & The Roxy Hotel, Mortgage Loan No. 3, Poindexter Industrial Portfolio, Mortgage Loan No. 4, VISA Global HQ, Mortgage Loan No. 5, Grapevine Mills, Mortgage Loan No. 6, Hilton La Jolla Torrey Pines, Mortgage Loan No. 9, 20 & 40 Pacifica, Mortgage Loan No. 10, 900 North Michigan, Mortgage Loan No. 11, Marriott Myrtle Beach Grande Dunes Resort, Mortgage Loan No. 13, 610 Newport Center and Mortgage Loan No. 18, Newport Centre, such Mortgage Loans are part of a whole loan related to the Issuing Entity. For purposes of the statistical information set forth in this prospectus as to such Mortgage Loans, all LTV, DSCR, Debt Yield and Loan Per Unit ($) calculations are in each case based on the subject Mortgage Loan together with any related Pari Passu Companion Loan, but (unless otherwise indicated) without regard to any related Subordinate Companion Loan(s). For further information, see “Description of the Mortgage Pool—The Whole Loans—General”, “—The Serviced Pari Passu Whole Loans”, "The Soho Grand & The Roxy Hotel A/B Whole Loan", “—The Non-Serviced Pari Passu Whole Loans”, and “Pooling and Servicing Agreement” or “Pooling and Servicing Agreement—Servicing of the Non-Serviced Mortgage Loans,” as applicable, in this prospectus.

(6)	With respect to Mortgage Loan No. 1, Soho Grand & The Roxy Hotel, Mortgage Loan No. 3, Poindexter Industrial Portfolio, Mortgage Loan No. 12, DMV Portfolio, Mortgage Loan No.17, Compass Self Storage Portfolio, Mortgage Loan No. 22, Southwest Estates & Waters Edge Portfolio and Mortgage Loan No. 29, Louisiana MHC Portfolio, such Mortgage Loans are secured by multiple properties. For purposes of the statistical information set forth in this prospectus as to such Mortgage Loans, all LTV, DSCR, Debt Yield and Loan Per Unit ($) calculations are shown on an aggregate basis, and a portion of the Cut-off Date Balance has been allocated to each Mortgaged Property based on the respective Appraised Values and/or Underwritten NCF, among other methods.

(7)	With respect to Mortgage Loan No. 2, Biltmore Park Town Square, Mortgage Loan No. 3, Poindexter Industrial Portfolio and Mortgage Loan No. 12, DMV Portfolio, the related loan documents permit a partial release or other release with prepayment or defeasance. See “Description of the Mortgage Pool—Certain Terms of the Mortgage Loans—Releases; Partial Releases; Property Additions” in this prospectus.

(8)	With respect to all residential cooperative Mortgage Loans sold to the trust by National Cooperative Bank, N.A., the borrower is a cooperative housing corporation. No individual or entity (other than the borrower) has recourse obligations with respect to the residential cooperative Mortgage Loans sold to the trust, including pursuant to any guaranty or environmental indemnity. Accordingly, no information is presented in the columns labeled Sponsor and Non-Recourse Carveout Guarantor or such information is shown same as the borrower in Annex A-1. In addition, due to the specialized nature of residential housing cooperatives, certain information presented in and shown on Annex A-1 with respect to other Mortgage Loans is not presented with respect to the residential cooperative Mortgage Loans sold to the trust and is, instead, reflected as not applicable (NAP). For example, since residential cooperatives are not-for-profit entities that generally set maintenance fees to cover current expenses and plan for future capital needs and a residential cooperative is generally able to increase or decrease maintenance fees according to its anticipated expenses and level of cash reserves, historical Net Operating Income figures for residential cooperative properties are generally not representative of the cash flow generated by the property if it were operated as a multifamily rental property. Accordingly, the Most Recent NOI, Second Most Recent NOI, Third Most Recent NOI, and the related fields shown on Annex A-1 are not presented on Annex A-1 with respect to the residential cooperative Mortgage Loans sold to the trust. In addition, see “Risk Factors—Risks Relating to the Mortgage Loans—Residential Cooperative Properties Have Special Risks” with respect to the determination of certain fields on Annex A-1, including but not limited to the Appraised Value, Coop-Rental Value, Underwritten Net Operating Income and Underwritten Net Cash Flow.

(9)	With respect to the residential cooperative Mortgage Loans sold to the trust by National Cooperative Bank, N.A., the information contained in the columns entitled “Subordinate Companion Loan Cut-off Date Balance” and “Subordinate Companion Loan Interest Rate” also includes relevant information regarding the subordinate lines of credit corresponding to such loans, although those subordinate lines of credit are not considered Companion Loans. See the chart column entitled “Non-Trust Mortgage Loan Interest Rate” under “Risk Factors — Other Secured Indebtedness — Additional Debt Secured by Residential Cooperative Properties” in this prospectus.

(10)	With respect to Mortgage Loan No. 1, Soho Grand & The Roxy Hotel, there is no separate Nonrecourse Carve-out Guarantor. In addition, the related borrowers are the only environmental indemnitors, and the lender has obtained its own environmental insurance policy with respect to the Mortgaged Property.

(11)	With respect to Mortgage Loan No. 2, Biltmore Park Town Square, the Mortgaged Property is comprised of 241,273 SF of retail space that is 90.3% leased to 31 tenants as of the August 22, 2024 rent roll. The office portion of the property consists of 109,846 SF that is 99.3% leased to 11 tenants as of the August 22, 2024 rent roll. The multifamily portion of the property consists of 120 units, totaling 148,879 SF, that are 99.2% occupied as of the June 30, 2024 rent roll.

(12)	With respect to Mortgage Loan No. 4, VISA Global HQ, the mortgage loan is structured with an Anticipated Repayment Date (“ARD”) of September 6, 2034, and has a final maturity date of March 6, 2038. The VISA Global HQ Whole Loan accrues interest at a rate of 5.5060% per annum until the ARD. After the ARD, the interest rate will increase to a per annum rate equal to the sum of (i) 5.5060% and (ii) 4.0000% (the “Adjusted Interest Rate”); however, interest accrued at the excess of the Adjusted Interest Rate over the initial interest rate will be deferred. In addition, after the ARD, all excess cash flow will be applied to repay the principal balance of the Mortgage Loan.

(13)	With respect to Mortgage Loan No. 4, VISA Global HQ, the appraised value represents the “Prospective Value Upon Stabilization”, which assumes that VISA, Inc. has taken occupancy at the VISA Global HQ Property, which occupancy has occurred. The appraisal concluded to an “as-is” appraised value of $409,000,000 as of April 11, 2024. The “as-is” appraised value results in a Cut-off Date LTV of 54.5% for the VISA Global HQ Whole Loan.

(14)	With respect to Mortgage Loan No. 7, Residence Inn National Mall - Washington D.C. ("RINM"), the monthly FF&E expenditure amount commences with the October 2025 monthly payment date and means (i) the greater of (a) the monthly amount required to be reserved pursuant to the Franchise Agreement or (b) 1/12th of 1% of the Operating Income of the RINM Property for the previous 12 months ("Operating Income"), (ii) for the monthly payment dates which occur in October 2026 through September 2027, the greater of (a) the monthly amount required to be reserved pursuant to the Franchise Agreement or (b)1/12th of 2% of the Operating Income, (iii) for the monthly payment dates which occur in October 2027 through September 2028, the greater of (a) the monthly amount required to be reserved pursuant to the Franchise Agreement or (b) 1/12th of 3% of the Operating Income, and (iv) thereafter, for the monthly payment dates in October through September of the following calendar year, the greater of (a) the monthly amount required to be reserved pursuant to the Franchise Agreement or (b) 1/12th of 4% of the Operating Income.

(15)	With respect to Mortgage Loan No. 10, 900 North Michigan, a Grace Period - Late Fee (Days) of five days is permitted once during any 12-month period. This does not apply to principal payment at maturity.

(16)	With respect to Mortgage Loan No. 11, Marriott Myrtle Beach Grande Dunes Resort, the appraised value represents the As-Complete Value, which assumes the PIP has been completed as of April 25, 2025. The loan documents required an upfront PIP Reserve equal to 112% of the estimated cost to complete the PIP work. The As-Is Value of $209,000,000 equates to an Appraised Value Per Room of $516,049, a Cut-off Date LTV Ratio of 47.8% and a Maturity Date LTV Ratio of 40.8%.

(17)	With respect to Mortgage Loan No. 12, DMV Portfolio, UW NOI is greater than Most Recent NOI as the UW NOI includes the DMV’s reimbursement to the borrower of amortized tenant improvements.

(18)	With respect to Mortgage Loan No. 16, Hamden Life Storage II, the Mortgaged Property is comprised of 97,895 SF of self-storage space which accounts for 68.6% of total EGI and 30,691 SF of retail space which along with ancillary income accounts for 31.4% of total EGI. The self-storage component is currently 84.6% occupied as of August 15, 2024 and the retail space is currently 100% leased and occupied by four tenants.

(19)	With respect to Mortgage Loan No. 20, AC Charlotte South Park, if the FF&E reserve is no longer held with the hotel manager, than the borrower is required to deposit it with the lender on each monthly payment date. The FF&E reserve will be equal to the greater of (i) the then-existing FF&E reserve monthly deposit or (ii) 1/12th of 5% of the underwritten revenue for the preceding fiscal year.

(20)	With respect to Mortgage Loan No. 32, Shops At Lily Cache Creek, if at all the mortgaged property is transferred and the Mortgage Loan is assumed by a third-party purchaser (the "Assumption"), the Ongoing TI/LC Escrow - Monthly ($) deposit shall increase to $2,424.60.

(21)	With respect to Mortgage Loan No. 33, 169 East Broadway, the Mortgaged Property is comprised of 18 residential units and 1 commercial unit, representing approximately 66.0% and 34.0% of the underwritten revenues, respectively.

A.	“Yield Maintenance Premium” means an amount equal to the greater of (a) one percent (1%) of the outstanding principal of the portion of the Loan to be prepaid or satisfied and (b) the excess, if any, of (i) the sum of the present values of all then-scheduled payments of principal and interest under the Note to be made with respect to the portion of the Loan under the Note assuming that all scheduled payments are made timely and that the remaining outstanding principal and interest on the portion of the Loan being prepaid is paid on March 1, 2034 (with each such payment and assumed payment discounted to its present value at the date of prepayment at the rate which, when compounded monthly, is equivalent to the Prepayment Rate (as defined below) when compounded semi-annually and deducting from the sum of such present values any short-term interest paid from the date of prepayment to the next succeeding Payment Date in the event such payment is not made on a Payment Date), over (ii) the principal amount being prepaid. "Prepayment Rate" means the bond equivalent yield (in the secondary market) on the United States Treasury Security that as of the Prepayment Rate Determination Date (as defined below) has a remaining term to maturity closest to, but not exceeding, the remaining term to March 1, 2034 as most recently published in “Statistical Release H.15 (519), Selected Interest Rates,” or any successor publication, published by the Board of Governors of the Federal Reserve System, or on the basis of such other publication or statistical guide as Lender may reasonably select. “Prepayment Rate Determination Date” shall mean the date which is five (5) Business Days prior to the date that such prepayment shall be applied in accordance with the terms and provisions of Section 2.4.1 of the mortgage loan agreement.

B.	“Yield Maintenance Premium” shall mean an amount equal to the greater of (a) an amount equal to one percent (1%) of the amount prepaid; or (b) an amount equal to the present value as of the date on which the prepayment is made of the Calculated Payments (as defined below) from the date on which the prepayment is made through the Stated Maturity Date determined by discounting such payments at the Discount Rate (as defined below). As used in this definition, the term “Calculated Payments” shall mean the monthly payments of interest only which would be due based on the principal amount of the Loan being prepaid on the date on which prepayment is made and assuming an interest rate per annum equal to the difference (if such difference is greater than zero) between (y) the Interest Rate and (z) the Yield Maintenance Treasury Rate (as defined below). As used in this definition, the term “Discount Rate” shall mean the rate which, when compounded monthly, is equivalent to the Yield Maintenance Treasury Rate (as defined below), when compounded semi-annually. As used in this definition, the term “Yield Maintenance Treasury Rate” shall mean the yield calculated by Lender by the linear interpolation of the yields, as reported in the Federal Reserve Statistical Release H.15-Selected Interest Rates under the heading “U.S. Government Securities/Treasury Constant Maturities” for the week ending prior to the date on which prepayment is made, of U.S. Treasury Constant Maturities with maturity dates (one longer or one shorter) most nearly approximating the Stated Maturity Date. In the event Release H.15 is no longer published, Lender shall select a comparable publication to determine the Yield Maintenance Treasury Rate. In no event, however, shall Lender be required to reinvest any prepayment proceeds in U.S. Treasury obligations or otherwise. Lender shall notify Borrower of the amount and the basis of determination of the required prepayment consideration. Lender’s calculation of the Yield Maintenance Premium shall be conclusive absent manifest error.

C.	Yield Maintenance Premium” shall mean an amount equal to the greater of the following two amounts: (a) an amount equal to one percent (1%) of the amount prepaid; or (b) an amount equal to: (i) the amount, if any, by which the sum of the present values as of the prepayment date of all unpaid principal and interest payments required per the related mortgage loan agreement, calculated by discounting such payments from the respective dates each such payment was due per the related mortgage loan agreement (or, with respect to the payment required on March 11, 2034 (assuming the outstanding principal balance of the Loan is due on March 11, 2034), from March 11, 2034) back to the prepayment date at a discount rate equal to the Periodic Treasury Yield (as defined below) exceeds the outstanding principal balance of the Loan as of the prepayment date; multiplied by (ii) a fraction whose numerator is the amount prepaid and whose denominator is the outstanding principal balance of the Loan as of the prepayment date. “Periodic Treasury Yield” shall mean: (A) the annual yield to maturity of the actively traded non-callable United States Treasury fixed interest rate security (other than any such security which can be surrendered at the option of the holder at face value in payment of federal estate tax or which was issued at a substantial discount) that has a maturity closest to (whether before, on or after) March 11, 2034 (or if two or more such securities have maturity dates equally close to the March 11, 2034, the average annual yield to maturity of all such securities), as reported in The Wall Street Journal or other authoritative publication or news retrieval service on the fifth Business Day preceding the prepayment date; divided by (B) twelve (12). Lender’s calculation of the Yield Maintenance Premium, and all component calculations, shall be conclusive and binding on Borrower absent manifest error.

D.	“Yield Maintenance Premium” shall mean an amount equal to the greater of the following two amounts: (a) an amount equal to one percent (1%) of the amount prepaid; or (b) an amount equal to: (i) the amount, if any, by which the sum of the present values as of the prepayment date of all unpaid principal and interest payments required per the related mortgage loan agreement, calculated by discounting such payments from the respective dates each such payment was due per the related mortgage loan agreement (or, with respect to the payment required on the Open Period Start Date (assuming the outstanding principal balance of the Loan is due on the Open Period Start Date), from the Open Period Start Date) back to the prepayment date at a discount rate equal to the Periodic Treasury Yield (defined below) exceeds the outstanding principal balance of the Loan as of the prepayment date; multiplied by (ii) a fraction whose numerator is the amount prepaid and whose denominator is the outstanding principal balance of the Loan as of the prepayment date. For purposes of the foregoing, “Periodic Treasury Yield” shall mean: (A) the annual yield to maturity of the actively traded non-callable United States Treasury fixed interest rate security (other than any such security which can be surrendered at the option of the holder at face value in payment of federal estate tax or which was issued at a substantial discount) that has a maturity closest to (whether before, on or after) the Open Period Start Date (or if two or more such securities have maturity dates equally close to the Open Period Start Date, the average annual yield to maturity of all such securities), as reported in The Wall Street Journal or other authoritative publication or news retrieval service on the fifth Business Day preceding

	the prepayment date; divided by (B) twelve (12). Lender’s calculation of the Yield Maintenance Premium, and all component calculations, shall be conclusive and binding on Borrower absent manifest error. “Open Period Start Date” shall mean the Monthly Payment Date in March, 2034.

E.	“Yield Maintenance Premium” shall mean an amount equal to the greater of: (x) one percent (1%) of the principal amount of this Note being prepaid or (y) the present value as of the Prepayment Date (defined below) of the Calculated Payments (defined below) from the Prepayment Date through the first day of the Open Period determined by discounting such payments at the Discount Rate (defined below). As used in this definition, the term “Prepayment Date” shall mean the date on which prepayment is made. As used in this definition, the term “Calculated Payments” shall mean the monthly payments of interest only which would be due based on the principal amount of this Note being prepaid on the Prepayment Date and assuming an interest rate per annum equal to the difference (if such difference is greater than zero) between (1) the Applicable Interest Rate and (2) the Yield Maintenance Treasury Rate (defined below). As used in this definition, the term “Discount Rate” shall mean the rate which, when compounded monthly, is equivalent to the Yield Maintenance Treasury Rate, when compounded semi-annually. As used in this definition, the term “Yield Maintenance Treasury Rate” shall mean the yield calculated by Lender by the linear interpolation of the yields, as reported in the Federal Reserve Statistical Release H.15- Selected Interest Rates under the heading U.S. Government Securities/Treasury Constant Maturities for the week ending prior to the Prepayment Date, of U.S. Treasury Constant Maturities with maturity dates (one longer or one shorter) most nearly approximating the Open Period. In the event Release H.15 is no longer published, Lender shall select a comparable publication to determine the Yield Maintenance Treasury Rate. In no event, however, shall Lender be required to reinvest any prepayment proceeds in U.S. Treasury obligations or otherwise.

F.	"Yield Maintenance Premium" is equal to the greater of: (A) One percent (1%) of the amount of principal being prepaid; or (B) The product obtained by multiplying: (1) the amount of principal being prepaid, by (2) the difference obtained by subtracting from the Interest Rate on this Note the Yield Rate (as defined below), on the twenty-fifth Business Day preceding (x) the Noticed Prepayment Date, or (y) the date Payee accelerates the indebtedness evidenced by this Note or, except with respect to a Casualty Prepayment (as to which no Prepayment Premium will be payable), otherwise accepts a prepayment by reason of Payee’s application of any collateral or other security to the repayment of any portion of the unpaid principal balance of this Note prior to the Maturity Date and in the absence of acceleration, by (3) the present value factor calculated using the following formula: (1 - (1 + r)^(-n/12)) / r r = Yield Rate n = the number of months remaining between (1) either of the following: (x) in the case of a voluntary prepayment, the last day of the month during which the prepayment is made, or (y) in any other case, the date on which Payee accelerates the unpaid principal balance of this Note and (2) the Yield Maintenance Period End Date. As used herein, the “Yield Rate” means the yield calculated by interpolating the yields for the immediately shorter and longer term U.S. “Treasury constant maturities” (as reported in the Federal Reserve Statistical Release H.15 Selected Interest Rates (the "Fed Release") under the heading "U.S. government securities") closest to the remaining term of the Yield Maintenance Period Term, as follows (rounded to three decimal places): (((a-b) / (x-y)) x (z-y)) + b a = the yield for the longer U.S. Treasury constant maturity b = the yield for the shorter U.S. Treasury constant maturity x = the term of the longer U.S. Treasury constant maturity y = the term of the shorter U.S. Treasury constant maturity z = “n” (as defined in the present value factor calculation above) divided by 12. For purposes hereof, if the Yield Rate is calculated to be zero, the number 0.00001 shall be deemed to be the Yield Rate. Notwithstanding any provision to the contrary, if “z” equals a term reported under the U.S. “Treasury constant maturities” subheading in the Fed Release, the yield for such term will be used, and interpolation will not be necessary. If publication of the Fed Release is discontinued by the Federal Reserve Board, Payee will determine the Yield Rate from another source selected by Payee. Any determination of the Yield Rate by Payee will be binding absent manifest error.

Loan ID Number	Property Flag	Footnotes (for Loan and Property Information)	# of Properties	Property Name	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 (%)
1	Loan	5, 6, 10, A	2	Soho Grand & The Roxy Hotel	42,585,049	4,650,391	0	37,934,659	3.73	3.32	20.9%	18.6%	508,000,000	As Is	7/1/2024	40.1%	40.1%
1.01	Property		1	Soho Grand Hotel	26,973,916	2,738,581	0	24,235,335					327,000,000	As Is	7/1/2024
1.02	Property		1	Roxy Hotel	15,611,133	1,911,810	0	13,699,323					181,000,000	As Is	7/1/2024
2	Loan	7, 11, B	1	Biltmore Park Town Square	9,460,541	0	0	9,460,541	1.59	1.59	10.5%	10.5%	154,200,000	As Is	7/9/2024	58.4%	58.4%
3	Loan	5, 6, 7	31	Poindexter Industrial Portfolio	20,911,608	0	0	20,911,608	2.62	2.62	15.0%	15.0%	348,250,000	As Is	Various	39.9%	39.9%
3.01	Property		1	Ringgold	2,448,627	0	0	2,448,627					47,000,000	As Is	8/15/2024
3.02	Property		1	Laval	1,652,110	0	0	1,652,110					26,830,000	As Is	8/15/2024
3.03	Property		1	Loudon	1,468,204	0	0	1,468,204					23,800,000	As Is	8/12/2024
3.04	Property		1	Salt Lake City	1,032,452	0	0	1,032,452					20,800,000	As Is	8/16/2024
3.05	Property		1	Morgantown	1,249,047	0	0	1,249,047					19,100,000	As Is	8/12/2024
3.06	Property		1	Reading	720,278	0	0	720,278					16,100,000	As Is	8/12/2024
3.07	Property		1	Orrville	876,492	0	0	876,492					13,300,000	As Is	8/14/2024
3.08	Property		1	Riverside I	671,562	0	0	671,562					13,700,000	As Is	8/9/2024
3.09	Property		1	Spring Hill	917,410	0	0	917,410					12,900,000	As Is	8/13/2024
3.10	Property		1	Janesville	823,050	0	0	823,050					12,400,000	As Is	8/1/2024
3.11	Property		1	Sturgis II	903,114	0	0	903,114					12,700,000	As Is	8/14/2024
3.12	Property		1	Denver	764,191	0	0	764,191					11,500,000	As Is	8/12/2024
3.13	Property		1	Sturgis I	779,990	0	0	779,990					11,000,000	As Is	8/14/2024
3.14	Property		1	Social Circle	572,273	0	0	572,273					9,200,000	As Is	8/15/2024
3.15	Property		1	Caldwell	506,073	0	0	506,073					8,900,000	As Is	8/14/2024
3.16	Property		1	Brenham	624,575	0	0	624,575					8,600,000	As Is	8/13/2024
3.17	Property		1	Clinton	507,120	0	0	507,120					7,900,000	As Is	8/13/2024
3.18	Property		1	Ehrenberg	465,267	0	0	465,267					7,900,000	As Is	8/9/2024
3.19	Property		1	Rydal	485,812	0	0	485,812					7,300,000	As Is	8/15/2024
3.20	Property		1	Claremore	520,767	0	0	520,767					6,800,000	As Is	8/12/2024
3.21	Property		1	West Palm Beach	372,307	0	0	372,307					6,150,000	As Is	8/13/2024
3.22	Property		1	Decatur	300,165	0	0	300,165					5,800,000	As Is	8/1/2024
3.23	Property		1	North Salt Lake	348,040	0	0	348,040					5,700,000	As Is	8/16/2024
3.24	Property		1	Ephrata	372,102	0	0	372,102					5,600,000	As Is	8/12/2024
3.25	Property		1	Nashville	278,231	0	0	278,231					4,500,000	As Is	8/12/2024
3.26	Property		1	Louisville	259,678	0	0	259,678					4,300,000	As Is	8/14/2024
3.27	Property		1	Riverside II	160,754	0	0	160,754					3,900,000	As Is	8/9/2024
3.28	Property		1	Corsicana	397,553	0	0	397,553					6,700,000	As Is	8/15/2024
3.29	Property		1	Centralia	200,330	0	0	200,330					3,970,000	As Is	8/14/2024
3.30	Property		1	Indianapolis	162,393	0	0	162,393					2,650,000	As Is	8/12/2024
3.31	Property		1	Elkhart	71,641	0	0	71,641					1,250,000	As Is	8/12/2024
4	Loan	5, 12, 13	1	VISA Global HQ	27,302,500	48,099	0	27,254,401	2.19	2.19	12.2%	12.2%	446,000,000	Prospective Value Upon Stabilization	7/11/2024	50.0%	50.0%
5	Loan	5	1	Grapevine Mills	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%
6	Loan	5	1	Hilton La Jolla Torrey Pines	18,746,078	2,663,739	0	16,082,339	2.51	2.16	17.0%	14.6%	165,500,000	As Is	5/17/2024	66.5%	66.5%