FWP 1 n4575_x5-anxa1.htm FREE WRITING PROSPECTUS
    FREE WRITING PROSPECTUS
    FILED PURSUANT TO RULE 433
    REGISTRATION FILE NO.: 333-280224-02

BMO 2024-C10 Disclaimer

STATEMENT REGARDING THIS FREE WRITING PROSPECTUS

The depositor has filed a registration statement (including a prospectus) with the Securities and Exchange Commission (‘‘SEC’’) for the offering to which this communication relates. Before you invest, you should read the prospectus in the registration statement and other documents the depositor has filed with the SEC for more complete information about the depositor, the issuing entity and this offering. You may get these documents for free by visiting EDGAR on the SEC website at www.sec.gov. Alternatively, the depositor or BMO Capital Markets Corp., any other underwriter, or any dealer participating in the offering will arrange to send you the prospectus after filing if you request it by calling toll free 1-888-200-0266 (8 a.m. – 5 p.m. EST).

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herein is preliminary as of the date hereof, supersedes any such information previously delivered to you and will be superseded by any such information subsequently delivered and ultimately by the final prospectus relating to the securities.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

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

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

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

IMPORTANT NOTICE REGARDING THE OFFERED CERTIFICATES

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

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

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

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

IMPORTANT NOTICE RELATING TO AUTOMATICALLY-GENERATED EMAIL DISCLAIMERS

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

   

 

BMO 2024-C10

Annex A

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
                1 25    
1 Loan 1, 4, 7, 12, 13 1 Newport Centre 8.3% 100.0% GACC, GSBI GACC, GSMC Group B NAP 30 Mall Drive West
2 Loan 1, 3, 7, 12, 13, 16, 19, 27, 30 1 The Mall of Victor Valley 8.3% 100.0% BMO, JPMCB BMO NAP NAP 14400 Bear Valley Road
3 Loan 6, 7, 12, 16, 17 31 Poindexter Industrial Portfolio 7.5%   CREFI CREFI NAP NAP Various
3.01 Property   1 Ringgold 0.9% 12.7%         100 Morgan Olson Way
3.02 Property   1 Laval 0.6% 7.9%         3600 Boulevard Industriel
3.03 Property   1 Loudon 0.5% 7.0%         9600 Corporate Park Drive
3.04 Property   1 Salt Lake City 0.5% 6.0%         4285 West 1385 South
3.05 Property   1 Morgantown 0.4% 5.6%         111 Morgan Way
3.06 Property   1 Reading 0.4% 4.7%         201 Hancock Boulevard
3.07 Property   1 Orrville 0.3% 3.9%         600 East Chestnut Street
3.08 Property   1 Riverside I 0.3% 3.9%         7888 Lincoln Avenue
3.09 Property   1 Spring Hill 0.3% 3.8%         15800 Hudson Avenue
3.10 Property   1 Janesville 0.3% 3.6%         3100 East Morgan Way
3.11 Property   1 Sturgis II 0.3% 3.5%         1801 South Nottawa Street
3.12 Property   1 Denver 0.3% 3.4%         1658 Dry Tavern Road
3.13 Property   1 Sturgis I 0.2% 3.0%         1861 South Centerville Road
3.14 Property   1 Social Circle 0.2% 2.7%         1 Waters Drive
3.15 Property   1 Caldwell 0.2% 2.6%         3820 Skyway Street
3.16 Property   1 Brenham 0.2% 2.5%         3140 South Blue Bell Road
3.17 Property   1 Clinton 0.2% 2.3%         6315 & 6401 Aaron Lane
3.18 Property   1 Ehrenberg 0.2% 2.3%         18275 Morgan Drive
3.19 Property   1 Rydal 0.2% 2.2%         4120 Highway 411 Northeast
3.20 Property   1 Claremore 0.2% 2.0%         2800 North Lynn Riggs Boulevard
3.21 Property   1 West Palm Beach 0.1% 1.8%         2983 South Military Trail
3.22 Property   1 Decatur 0.1% 1.7%         1102 Brooks Street Southeast
3.23 Property   1 North Salt Lake 0.1% 1.7%         330 West Center Street
3.24 Property   1 Ephrata 0.1% 1.7%         485 Wenger Drive
3.25 Property   1 Nashville 0.1% 1.3%         1801 Lebanon Pike
3.26 Property   1 Louisville 0.1% 1.3%         5620 Fern Valley Road
3.27 Property   1 Riverside II 0.1% 1.3%         7322 Jurupa Avenue
3.28 Property   1 Corsicana 0.1% 1.2%         8051 Morgan Circle
3.29 Property   1 Centralia 0.1% 1.2%         2400 Commercial Road
3.30 Property   1 Indianapolis 0.1% 0.8%         2770 Bluff Road
3.31 Property   1 Elkhart 0.0% 0.4%         28858 Ventura Drive
4 Loan 15, 23, 30 1 White Oak Village 6.1% 100.0% ZBNA ZBNA NAP NAP 4501-4591 South Laburnum Avenue
5 Loan 5, 6, 10, 12, 13, 16, 19, 24, 25 6 Douglas Dynamics 5.8%   BMO BMO Group A NAP Various
5.01 Property   1 Milwaukee 7777 1.6% 28.4%         7777 North 73rd Street and 7611-7615 North 73rd Street
5.02 Property   1 Rockland 1.4% 23.9%         50 Gordon Drive
5.03 Property   1 Madison Heights 1.0% 17.8%         531-561 Ajax Drive
5.04 Property   1 Manchester 1.0% 16.4%         1085 South 3rd Street
5.05 Property   1 Milwaukee 7676 0.5% 8.4%         7676 North 76th Street
5.06 Property   1 Huntley 0.3% 5.2%         11921 Smith Drive
6 Loan 13, 24, 27 1 South Carolina Industrial 5.5% 100.0% 3650 REIT 2 3650 REIT NAP NAP 260 Midway Drive
7 Loan 6, 12, 13, 16, 25 3 Sterling Portfolio 5.4%   CREFI CREFI Group A NAP Various
7.01 Property   1 Phoenix 3.6% 67.0%         501 East 151st Street
7.02 Property   1 Lufkin 1.5% 27.8%         7309 US Highway 69
7.03 Property   1 Joliet 0.3% 5.3%         811-813 Richards Street
8 Loan 7, 26 1 Creekside Town Center 5.0% 100.0% 3650 REIT 2 3650 REIT NAP NAP 1180-1256 Galleria Boulevard
9 Loan 18, 25, 29 1 Diamond Ridge Apartments 4.3% 100.0% SMC SMC Group C NAP 6407 Antoine Drive
10 Loan   1 Bradley Fair 4.1% 100.0% 3650 REIT 2 3650 REIT NAP NAP 2000 North Rock Road
11 Loan 10, 13, 16, 25, 30 1 Tropicale Foods 4.1% 100.0% BMO BMO Group A NAP 1001 East 33rd Street
12 Loan 31 1 Springfield Center 4.0% 100.0% CREFI CREFI NAP NAP 6646 Loisdale Road and 6711 Spring Mall Road

 

 A-1 

 

BMO 2024-C10

Annex A

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
                       
13 Loan 25, 27 1 Gotham Plaza 3.9% 100.0% 3650 REIT 2 3650 REIT Group D NAP 149-169 East 125th Street
14 Loan 7, 19, 20 1 La Habra Marketplace 3.5% 100.0% 3650 REIT 2 3650 REIT NAP NAP 1641 West Imperial Highway
15 Loan 3 1 236-244 East 13th Street 2.9% 100.0% BMO BMO NAP NAP 236-244 East 13th Street
16 Loan 25 1 Quail Meadows Apartments 2.9% 100.0% SMC SMC Group C NAP 10201 Telephone Road
17 Loan 7, 12 1 500 Delaware 2.8% 100.0% 3650 REIT 2 3650 REIT NAP NAP 500 Delaware Avenue
18 Loan 13, 16, 25 1 Quantix 2.5% 100.0% CREFI CREFI Group A NAP 17478 Texas State Highway 62
19 Loan 1, 3, 7, 18, 19, 23, 30 1 Arizona Grand Resort and Spa 2.3% 100.0% GACC, GSBI, WFB GACC NAP NAP 8000 South Arizona Grand Parkway
20 Loan 4, 7, 16 1 Centene 2.2% 100.0% 3650 REIT 2 3650 REIT NAP NAP 1700 North University Drive
21 Loan 1, 3, 7, 12, 21, 24, 26 1 Grapevine Mills 2.1% 100.0% WFB, JPMCB, BMO BMO Group B NAP 3000 Grapevine Mills Parkway and 2501 Bass Pro Drive
22 Loan 27 1 Stop & Shop Elizabeth 1.6% 100.0% 3650 REIT 2 3650 REIT NAP NAP 801 Newark Avenue
23 Loan   1 Corporate Circle 1.3% 100.0% BMO BMO NAP NAP 30100 and 30050 Chagrin Boulevard
24 Loan 7, 16, 19, 25, 33 1 1516 Motor Parkway 1.3% 100.0% 3650 REIT 2 3650 REIT Group D NAP 1516 Motor Parkway
25 Loan 5, 19, 30 1 Spark by Hilton O'Hare 1.2% 100.0% SMC SMC NAP NAP 2175 East Touhy Avenue
26 Loan   1 1702 West 1st Street 0.5% 100.0% ZBNA ZBNA NAP NAP 1702 West 1st Street
27 Loan 15 1 Airport Business Center 0.5% 100.0% ZBNA ZBNA NAP NAP 12508 Jones Maltsberger Road
28 Loan   1 Burbank Self Storage 0.2% 100.0% SMC SMC NAP NAP 3203 North San Fernando Boulevard

 

 A-2 

 

BMO 2024-C10

Annex A

Loan ID Number Loan / Property Flag Footnotes (for Loan and Property Information) # of Properties Property Name City County State Zip Code General Property Type Detailed Property Type Year Built Year Renovated
                  2 2    
1 Loan 1, 4, 7, 12, 13 1 Newport Centre Jersey City Hudson NJ 07310 Retail Super Regional Mall 1987 2006
2 Loan 1, 3, 7, 12, 13, 16, 19, 27, 30 1 The Mall of Victor Valley Victorville San Bernardino CA 92392 Retail Super Regional Mall 1986 2006-2007, 2012-2013, 2022-2023
3 Loan 6, 7, 12, 16, 17 31 Poindexter Industrial Portfolio Various Various Various Various Industrial Various Various Various
3.01 Property   1 Ringgold Ringgold Pittsylvania VA 24586 Industrial Manufacturing 2008 2019
3.02 Property   1 Laval Laval Laval QC H7L 4R9 Industrial Manufacturing / Vehicle Storage 1987 NAP
3.03 Property   1 Loudon Loudon Loudon TN 37774 Industrial Manufacturing 1996, 2005, 2007 2015
3.04 Property   1 Salt Lake City Salt Lake City Salt Lake UT 84104 Industrial Manufacturing / Warehouse 2009 NAP
3.05 Property   1 Morgantown Morgantown Berks PA 19543 Industrial Manufacturing / Vehicle Storage 1950 2014
3.06 Property   1 Reading Reading Berks PA 19611 Industrial Manufacturing / Warehouse 1951 1998
3.07 Property   1 Orrville Orrville Wayne OH 44667 Industrial Manufacturing / Warehouse 1922 2018
3.08 Property   1 Riverside I Riverside Riverside CA 92504 Industrial Manufacturing 1979 NAP
3.09 Property   1 Spring Hill Spring Hill Pasco FL 34610 Industrial Manufacturing 2008 NAP
3.10 Property   1 Janesville Janesville Rock WI 53546 Industrial Manufacturing / Vehicle Storage 1990 2015
3.11 Property   1 Sturgis II Sturgis St. Joseph MI 49091 Industrial Manufacturing 1967 2020
3.12 Property   1 Denver Denver Lancaster PA 17517 Industrial Manufacturing / Warehouse 2000 2017
3.13 Property   1 Sturgis I Sturgis St. Joseph MI 49091 Industrial Manufacturing 1960 NAP
3.14 Property   1 Social Circle Social Circle Walton GA 30025 Industrial Manufacturing / Warehouse 1970 1994
3.15 Property   1 Caldwell Caldwell Canyon ID 83605 Industrial Manufacturing / Warehouse 2018 NAP
3.16 Property   1 Brenham Brenham Washington TX 77833 Industrial Manufacturing / Warehouse 1993 2002
3.17 Property   1 Clinton Clinton Prince George's MD 20735 Industrial Manufacturing / Warehouse 1962, 1969 NAP
3.18 Property   1 Ehrenberg Ehrenberg La Paz AZ 85334 Industrial Manufacturing / Warehouse 1986 2017
3.19 Property   1 Rydal Rydal Bartow GA 30171 Industrial Manufacturing / Warehouse 1987, 2000, 2014 NAP
3.20 Property   1 Claremore Claremore Rogers OK 74017 Industrial Manufacturing 1981 NAP
3.21 Property   1 West Palm Beach West Palm Beach Palm Beach FL 33415 Industrial Manufacturing / Warehouse 1984 NAP
3.22 Property   1 Decatur Decatur Morgan AL 35601 Industrial Manufacturing / Warehouse 1965 2018
3.23 Property   1 North Salt Lake North Salt Lake Davis UT 84054 Industrial Manufacturing / Warehouse 1980 1996
3.24 Property   1 Ephrata Ephrata Lancaster PA 17522 Industrial Manufacturing / Vehicle Storage 1970 NAP
3.25 Property   1 Nashville Nashville Davidson TN 37210 Industrial Warehouse / Distribution 1995 2022
3.26 Property   1 Louisville Louisville Jefferson KY 40228 Industrial Manufacturing 1997 NAP
3.27 Property   1 Riverside II Riverside Riverside CA 92504 Industrial Vehicle Storage NAP NAP
3.28 Property   1 Corsicana Corsicana Navarro TX 75109 Industrial Manufacturing / Warehouse 1982 2012
3.29 Property   1 Centralia Centralia Lewis WA 98531 Industrial Warehouse 1950 2000
3.30 Property   1 Indianapolis Indianapolis Marion IN 46225 Industrial Warehouse 1970 2012
3.31 Property   1 Elkhart Elkhart Elkhart IN 46517 Industrial Warehouse 1983 2010
4 Loan 15, 23, 30 1 White Oak Village Richmond Henrico VA 23231 Retail Anchored 2008 NAP
5 Loan 5, 6, 10, 12, 13, 16, 19, 24, 25 6 Douglas Dynamics Various Various Various Various Industrial Various Various Various
5.01 Property   1 Milwaukee 7777 Milwaukee Milwaukee WI 53223 Industrial Manufacturing / Distribution 1965-1970 NAP
5.02 Property   1 Rockland Rockland Knox ME 04841 Industrial Manufacturing 1999 2007
5.03 Property   1 Madison Heights Madison Heights Oakland MI 48071 Industrial Manufacturing 1988 2000
5.04 Property   1 Manchester Manchester Delaware IA 52057 Industrial Warehouse 1958-2015 NAP
5.05 Property   1 Milwaukee 7676 Milwaukee Milwaukee WI 53223 Industrial Manufacturing 1977 NAP
5.06 Property   1 Huntley Huntley McHenry IL 60142 Industrial Warehouse 1980 NAP
6 Loan 13, 24, 27 1 South Carolina Industrial Union Union SC 29379 Industrial R&D / Manufacturing 2018 2023
7 Loan 6, 12, 13, 16, 25 3 Sterling Portfolio Various Various Various Various Industrial Various Various Various
7.01 Property   1 Phoenix Phoenix Cook IL 60426 Industrial Manufacturing / Warehouse 1956 2016
7.02 Property   1 Lufkin Lufkin Angelina TX 75901 Industrial Manufacturing / Warehouse 1975 NAP
7.03 Property   1 Joliet Joliet Will IL 60433 Industrial Warehouse / Distribution 1958 2017
8 Loan 7, 26 1 Creekside Town Center Roseville Placer CA 95678 Retail Anchored 1999-2001 NAP
9 Loan 18, 25, 29 1 Diamond Ridge Apartments Houston Harris TX 77091 Multifamily Garden 1980 2022
10 Loan   1 Bradley Fair Wichita  Sedgwick KS 67206 Other Leased Fee NAP NAP
11 Loan 10, 13, 16, 25, 30 1 Tropicale Foods Lubbock Lubbock TX 79404 Industrial Warehouse 1972 2022
12 Loan 31 1 Springfield Center Springfield Fairfax VA 22150 Retail Anchored 1999 NAP

 

 A-3 

 

BMO 2024-C10

Annex A

Loan ID Number Loan / Property Flag Footnotes (for Loan and Property Information) # of Properties Property Name City County State Zip Code General Property Type Detailed Property Type Year Built Year Renovated
                         
13 Loan 25, 27 1 Gotham Plaza New York New York NY 10035 Mixed Use Office / Retail 2001 NAP
14 Loan 7, 19, 20 1 La Habra Marketplace La Habra Orange CA 90631 Retail Anchored 1968-2002 2005-2019
15 Loan 3 1 236-244 East 13th Street New York New York NY 10003 Multifamily Mid Rise 1900 1989
16 Loan 25 1 Quail Meadows Apartments Houston Harris TX 77075 Multifamily Garden 1971 NAP
17 Loan 7, 12 1 500 Delaware Wilmington New Castle DE 19801 Office CBD 2006 2020
18 Loan 13, 16, 25 1 Quantix Orange Orange TX 77630 Industrial Warehouse / Distribution 1978 NAP
19 Loan 1, 3, 7, 18, 19, 23, 30 1 Arizona Grand Resort and Spa Phoenix Maricopa AZ 85044 Hospitality Full Service 1987 2017-2019
20 Loan 4, 7, 16 1 Centene Plantation Broward FL 33322 Office Suburban 2020 NAP
21 Loan 1, 3, 7, 12, 21, 24, 26 1 Grapevine Mills Grapevine Tarrant TX 76051 Retail Super Regional Mall 1997 2015
22 Loan 27 1 Stop & Shop Elizabeth Elizabeth Union NJ 07208 Retail Single Tenant 1999 NAP
23 Loan   1 Corporate Circle Pepper Pike Cuyahoga OH 44124 Office Suburban 1982 NAP
24 Loan 7, 16, 19, 25, 33 1 1516 Motor Parkway Hauppauge Suffolk NY 11749 Industrial Warehouse / Distribution 1981 2016
25 Loan 5, 19, 30 1 Spark by Hilton O'Hare Des Plaines Cook IL 60018 Hospitality Limited Service 1977 2018
26 Loan   1 1702 West 1st Street Brooklyn Kings NY 11223 Multifamily Mid Rise 1928 NAP
27 Loan 15 1 Airport Business Center San Antonio Bexar TX 78247 Industrial R&D / Flex 2001 NAP
28 Loan   1 Burbank Self Storage Burbank Los Angeles CA 91504 Self Storage Self Storage 1977 NAP

 

 A-4 

 

BMO 2024-C10

Annex A

Loan ID Number Loan / Property Flag Footnotes (for Loan and Property Information) # of Properties Property Name 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) ($) Monthly Debt Service (IO) ($)
          3     6, 7 6, 7 6, 7   8   9 9
1 Loan 1, 4, 7, 12, 13 1 Newport Centre 966,186 SF 194.58 60,000,000 60,000,000 60,000,000 5.43700% 0.01680% 5.42020% NAP 275,625.69
2 Loan 1, 3, 7, 12, 13, 16, 19, 27, 30 1 The Mall of Victor Valley 479,261 SF 177.36 60,000,000 60,000,000 60,000,000 6.72300% 0.01805% 6.70495% NAP 340,818.75
3 Loan 6, 7, 12, 16, 17 31 Poindexter Industrial Portfolio 4,526,168 SF 30.73 54,070,000 54,070,000 54,070,000 5.65000% 0.01805% 5.63195% NAP 258,115.41
3.01 Property   1 Ringgold 878,000 SF   6,842,827 6,842,827 6,842,827          
3.02 Property   1 Laval 117,533 SF   4,276,767 4,276,767 4,276,767          
3.03 Property   1 Loudon 334,024 SF   3,790,771 3,790,771 3,790,771          
3.04 Property   1 Salt Lake City 109,914 SF   3,265,895 3,265,895 3,265,895          
3.05 Property   1 Morgantown 246,843 SF   3,032,617 3,032,617 3,032,617          
3.06 Property   1 Reading 323,381 SF   2,566,060 2,566,060 2,566,060          
3.07 Property   1 Orrville 347,024 SF   2,118,944 2,118,944 2,118,944          
3.08 Property   1 Riverside I 66,000 SF   2,099,504 2,099,504 2,099,504          
3.09 Property   1 Spring Hill 80,400 SF   2,060,624 2,060,624 2,060,624          
3.10 Property   1 Janesville 196,098 SF   1,943,985 1,943,985 1,943,985          
3.11 Property   1 Sturgis II 204,555 SF   1,905,105 1,905,105 1,905,105          
3.12 Property   1 Denver 98,485 SF   1,827,346 1,827,346 1,827,346          
3.13 Property   1 Sturgis I 175,700 SF   1,632,947 1,632,947 1,632,947          
3.14 Property   1 Social Circle 200,342 SF   1,477,429 1,477,429 1,477,429          
3.15 Property   1 Caldwell 37,100 SF   1,419,109 1,419,109 1,419,109          
3.16 Property   1 Brenham 128,225 SF   1,360,790 1,360,790 1,360,790          
3.17 Property   1 Clinton 17,552 SF   1,244,150 1,244,150 1,244,150          
3.18 Property   1 Ehrenberg 120,416 SF   1,244,150 1,244,150 1,244,150          
3.19 Property   1 Rydal 102,697 SF   1,170,279 1,170,279 1,170,279          
3.20 Property   1 Claremore 101,498 SF   1,088,632 1,088,632 1,088,632          
3.21 Property   1 West Palm Beach 24,890 SF   971,993 971,993 971,993          
3.22 Property   1 Decatur 183,804 SF   923,393 923,393 923,393          
3.23 Property   1 North Salt Lake 26,145 SF   913,673 913,673 913,673          
3.24 Property   1 Ephrata 55,198 SF   894,233 894,233 894,233          
3.25 Property   1 Nashville 18,144 SF   715,387 715,387 715,387          
3.26 Property   1 Louisville 26,325 SF   684,283 684,283 684,283          
3.27 Property   1 Riverside II 137,214 SF   684,283 684,283 684,283          
3.28 Property   1 Corsicana 75,616 SF   660,955 660,955 660,955          
3.29 Property   1 Centralia 47,826 SF   631,795 631,795 631,795          
3.30 Property   1 Indianapolis 28,364 SF   427,677 427,677 427,677          
3.31 Property   1 Elkhart 16,855 SF   194,399 194,399 194,399          
4 Loan 15, 23, 30 1 White Oak Village 397,605 SF 111.79 44,450,000 44,450,000 44,450,000 6.10000% 0.01805% 6.08195% NAP 229,092.42
5 Loan 5, 6, 10, 12, 13, 16, 19, 24, 25 6 Douglas Dynamics 791,583 SF 53.18 42,097,500 42,097,500 42,097,500 6.36000% 0.01805% 6.34195% NAP 226,215.59
5.01 Property   1 Milwaukee 7777 215,242 SF   11,945,345 11,945,345 11,945,345          
5.02 Property   1 Rockland 203,640 SF   10,041,967 10,041,967 10,041,967          
5.03 Property   1 Madison Heights 116,045 SF   7,482,250 7,482,250 7,482,250          
5.04 Property   1 Manchester 169,286 SF   6,891,546 6,891,546 6,891,546          
5.05 Property   1 Milwaukee 7676 60,038 SF   3,531,097 3,531,097 3,531,097          
5.06 Property   1 Huntley 27,332 SF   2,205,295 2,205,295 2,205,295          
6 Loan 13, 24, 27 1 South Carolina Industrial 135,939 SF 294.25 40,000,000 40,000,000 40,000,000 7.42000% 0.01805% 7.40195% NAP 250,768.52
7 Loan 6, 12, 13, 16, 25 3 Sterling Portfolio 991,022 SF 39.11 38,760,000 38,760,000 38,760,000 6.21000% 0.01805% 6.19195% NAP 203,368.88
7.01 Property   1 Phoenix 596,566 SF   25,965,000 25,965,000 25,965,000          
7.02 Property   1 Lufkin 369,505 SF   10,760,000 10,760,000 10,760,000          
7.03 Property   1 Joliet 24,951 SF   2,035,000 2,035,000 2,035,000          
8 Loan 7, 26 1 Creekside Town Center 360,891 SF 198.19 36,525,000 36,525,000 36,525,000 7.28000% 0.01805% 7.26195% NAP 224,662.57
9 Loan 18, 25, 29 1 Diamond Ridge Apartments 500 Units 62,000.00 31,000,000 31,000,000 31,000,000 7.23500% 0.01805% 7.21695% NAP 189,500.06
10 Loan   1 Bradley Fair 1,434,847 SF 20.91 30,000,000 30,000,000 30,000,000 6.38500% 0.01805% 6.36695% NAP 161,842.01
11 Loan 10, 13, 16, 25, 30 1 Tropicale Foods 210,028 SF 141.46 29,710,000 29,710,000 29,710,000 6.38500% 0.01805% 6.36695% NAP 160,277.54
12 Loan 31 1 Springfield Center 176,698 SF 165.03 29,160,000 29,160,000 29,160,000 5.84000% 0.01805% 5.82195% NAP 143,883.00

 

 A-5 

 

BMO 2024-C10

Annex A

Loan ID Number Loan / Property Flag Footnotes (for Loan and Property Information) # of Properties Property Name 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) ($) Monthly Debt Service (IO) ($)
                               
13 Loan 25, 27 1 Gotham Plaza 92,653 SF 302.20 28,000,000 28,000,000 28,000,000 5.90000% 0.01805% 5.88195% NAP 139,578.70
14 Loan 7, 19, 20 1 La Habra Marketplace 372,476 SF 255.05 25,000,000 25,000,000 25,000,000 3.70000% 0.01805% 3.68195% NAP 78,153.94
15 Loan 3 1 236-244 East 13th Street 83 Units 253,012.05 21,000,000 21,000,000 21,000,000 6.18000% 0.01805% 6.16195% NAP 109,652.08
16 Loan 25 1 Quail Meadows Apartments 356 Units 58,286.52 20,750,000 20,750,000 20,750,000 7.00000% 0.01805% 6.98195% NAP 122,722.80
17 Loan 7, 12 1 500 Delaware 371,222 SF 228.97 20,000,000 20,000,000 20,000,000 4.84000% 0.01805% 4.82195% NAP 81,787.04
18 Loan 13, 16, 25 1 Quantix 431,566 SF 42.35 18,278,000 18,278,000 17,127,321 6.13000% 0.01805% 6.11195% 111,118.16 94,666.92
19 Loan 1, 3, 7, 18, 19, 23, 30 1 Arizona Grand Resort and Spa 744 Rooms 168,010.75 17,000,000 17,000,000 17,000,000 5.55000% 0.01680% 5.53320% NAP 79,717.01
20 Loan 4, 7, 16 1 Centene 145,983 SF 320.59 15,600,000 15,600,000 15,600,000 3.41500% 0.01805% 3.39695% NAP 45,011.60
21 Loan 1, 3, 7, 12, 21, 24, 26 1 Grapevine Mills 1,628,140 SF 153.55 15,500,000 15,500,000 15,500,000 6.26400% 0.01930% 6.24470% NAP 82,033.75
22 Loan 27 1 Stop & Shop Elizabeth 54,416 SF 215.93 11,750,000 11,750,000 11,750,000 6.35000% 0.01805% 6.33195% NAP 63,040.65
23 Loan   1 Corporate Circle 121,316 SF 76.57 9,300,000 9,288,961 7,288,557 6.36500% 0.01805% 6.34695% 62,012.02 NAP
24 Loan 7, 16, 19, 25, 33 1 1516 Motor Parkway 140,125 SF 129.88 9,100,000 9,100,000 9,100,000 3.49000% 0.01805% 3.47195% NAP 26,833.41
25 Loan 5, 19, 30 1 Spark by Hilton O'Hare 143 Rooms 59,440.56 8,500,000 8,500,000 7,513,151 7.53500% 0.01805% 7.51695% 59,637.08 NAP
26 Loan   1 1702 West 1st Street 42 Units 91,309.52 3,835,000 3,835,000 3,835,000 6.70000% 0.01805% 6.68195% NAP 21,709.47
27 Loan 15 1 Airport Business Center 34,978 SF 97.20 3,400,000 3,400,000 3,400,000 6.65000% 0.01805% 6.63195% NAP 19,103.36
28 Loan   1 Burbank Self Storage 32,970 SF 36.37 1,200,000 1,199,095 1,027,885 6.35000% 0.01805% 6.33195% 7,466.83 NAP

 

 A-6 

 

BMO 2024-C10

Annex A

Loan ID Number Loan / Property Flag Footnotes (for Loan and Property Information) # of Properties Property Name 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.)
          9 9                
1 Loan 1, 4, 7, 12, 13 1 Newport Centre NAP 3,307,508.28 Interest Only No Actual/360 120 118 120 118 0
2 Loan 1, 3, 7, 12, 13, 16, 19, 27, 30 1 The Mall of Victor Valley NAP 4,089,825.00 Interest Only No Actual/360 120 118 120 118 0
3 Loan 6, 7, 12, 16, 17 31 Poindexter Industrial Portfolio NAP 3,097,384.92 Interest Only No Actual/360 120 119 120 119 0
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 15, 23, 30 1 White Oak Village NAP 2,749,109.04 Interest Only No Actual/360 120 119 120 119 0
5 Loan 5, 6, 10, 12, 13, 16, 19, 24, 25 6 Douglas Dynamics NAP 2,714,587.08 Interest Only No Actual/360 120 120 120 120 0
5.01 Property   1 Milwaukee 7777                    
5.02 Property   1 Rockland                    
5.03 Property   1 Madison Heights                    
5.04 Property   1 Manchester                    
5.05 Property   1 Milwaukee 7676                    
5.06 Property   1 Huntley                    
6 Loan 13, 24, 27 1 South Carolina Industrial NAP 3,009,222.24 Interest Only No Actual/360 120 120 120 120 0
7 Loan 6, 12, 13, 16, 25 3 Sterling Portfolio NAP 2,440,426.56 Interest Only No Actual/360 120 119 120 119 0
7.01 Property   1 Phoenix                    
7.02 Property   1 Lufkin                    
7.03 Property   1 Joliet                    
8 Loan 7, 26 1 Creekside Town Center NAP 2,695,950.84 Interest Only No Actual/360 120 107 120 107 0
9 Loan 18, 25, 29 1 Diamond Ridge Apartments NAP 2,274,000.69 Interest Only No Actual/360 120 117 120 117 0
10 Loan   1 Bradley Fair NAP 1,942,104.12 Interest Only No Actual/360 120 112 120 112 0
11 Loan 10, 13, 16, 25, 30 1 Tropicale Foods NAP 1,923,330.48 Interest Only No Actual/360 120 120 120 120 0
12 Loan 31 1 Springfield Center NAP 1,726,596.00 Interest Only No Actual/360 120 119 120 119 0

 

 A-7 

 

BMO 2024-C10

Annex A

Loan ID Number Loan / Property Flag Footnotes (for Loan and Property Information) # of Properties Property Name 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.)
                             
13 Loan 25, 27 1 Gotham Plaza NAP 1,674,944.40 Interest Only No Actual/360 120 119 120 119 0
14 Loan 7, 19, 20 1 La Habra Marketplace NAP 937,847.28 Interest Only No Actual/360 120 85 120 85 0
15 Loan 3 1 236-244 East 13th Street NAP 1,315,824.96 Interest Only No Actual/360 120 120 120 120 0
16 Loan 25 1 Quail Meadows Apartments NAP 1,472,673.61 Interest Only No Actual/360 120 118 120 118 0
17 Loan 7, 12 1 500 Delaware NAP 981,444.48 Interest Only No Actual/360 120 90 120 90 0
18 Loan 13, 16, 25 1 Quantix 1,333,417.92 1,136,003.04 Interest Only, Amortizing Balloon No Actual/360 60 59 120 119 360
19 Loan 1, 3, 7, 18, 19, 23, 30 1 Arizona Grand Resort and Spa NAP 956,604.12 Interest Only  No Actual/360 120 117 120 117 0
20 Loan 4, 7, 16 1 Centene NAP 540,139.20 Interest Only No Actual/360 120 78 120 78 0
21 Loan 1, 3, 7, 12, 21, 24, 26 1 Grapevine Mills NAP 984,405.00 Interest Only No Actual/360 120 116 120 116 0
22 Loan 27 1 Stop & Shop Elizabeth NAP 756,487.80 Interest Only No Actual/360 120 119 120 119 0
23 Loan   1 Corporate Circle 744,144.24 NAP Amortizing Balloon No Actual/360 0 0 120 119 300
24 Loan 7, 16, 19, 25, 33 1 1516 Motor Parkway NAP 322,000.92 Interest Only No Actual/360 120 85 120 85 0
25 Loan 5, 19, 30 1 Spark by Hilton O'Hare 715,644.96 NAP Amortizing Balloon No Actual/360 0 0 120 120 360
26 Loan   1 1702 West 1st Street NAP 260,513.64 Interest Only No Actual/360 120 119 120 119 0
27 Loan 15 1 Airport Business Center NAP 229,240.32 Interest Only No Actual/360 120 119 120 119 0
28 Loan   1 Burbank Self Storage 89,601.96 NAP Amortizing Balloon No Actual/360 0 0 120 119 360

 

 A-8 

 

BMO 2024-C10

Annex A

Loan ID Number Loan / Property Flag Footnotes (for Loan and Property Information) # of Properties Property Name 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)
                          10 10
1 Loan 1, 4, 7, 12, 13 1 Newport Centre 0 8/22/2024 2 1 10/1/2024 NAP 9/1/2034 9/1/2034 0 0
2 Loan 1, 3, 7, 12, 13, 16, 19, 27, 30 1 The Mall of Victor Valley 0 8/22/2024 2 6 10/6/2024 NAP 9/6/2034 9/6/2034 5 0
3 Loan 6, 7, 12, 16, 17 31 Poindexter Industrial Portfolio 0 9/16/2024 1 6 11/6/2024 NAP 10/6/2034 10/6/2034 0 0
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 15, 23, 30 1 White Oak Village 0 9/10/2024 1 6 11/6/2024 NAP 10/6/2034 10/6/2034 0 0
5 Loan 5, 6, 10, 12, 13, 16, 19, 24, 25 6 Douglas Dynamics 0 10/9/2024 0 6 12/6/2024 NAP 11/6/2034 11/6/2034 10 1 time 5 day grace
5.01 Property   1 Milwaukee 7777                    
5.02 Property   1 Rockland                    
5.03 Property   1 Madison Heights                    
5.04 Property   1 Manchester                    
5.05 Property   1 Milwaukee 7676                    
5.06 Property   1 Huntley                    
6 Loan 13, 24, 27 1 South Carolina Industrial 0 10/10/2024 0 5 12/5/2024 NAP 11/5/2034 11/5/2034 0 0
7 Loan 6, 12, 13, 16, 25 3 Sterling Portfolio 0 9/27/2024 1 6 11/6/2024 NAP 10/6/2034 10/6/2034 0 0
7.01 Property   1 Phoenix                    
7.02 Property   1 Lufkin                    
7.03 Property   1 Joliet                    
8 Loan 7, 26 1 Creekside Town Center 0 9/28/2023 13 5 11/5/2023 NAP 10/5/2033 10/5/2033 0 0
9 Loan 18, 25, 29 1 Diamond Ridge Apartments 0 8/5/2024 3 6 9/6/2024 NAP 8/6/2034 8/6/2034 0 0
10 Loan   1 Bradley Fair 0 2/12/2024 8 5 4/5/2024 NAP 3/5/2034 3/5/2034 0 0
11 Loan 10, 13, 16, 25, 30 1 Tropicale Foods 0 10/8/2024 0 6 12/6/2024 NAP 11/6/2034 11/6/2034 10 1 time 5 day grace
12 Loan 31 1 Springfield Center 0 9/18/2024 1 6 11/6/2024 NAP 10/6/2034 10/6/2034 0 0

 

 A-9 

 

BMO 2024-C10

Annex A

Loan ID Number Loan / Property Flag Footnotes (for Loan and Property Information) # of Properties Property Name 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)
                             
13 Loan 25, 27 1 Gotham Plaza 0 9/19/2024 1 5 11/5/2024 NAP 10/5/2034 10/5/2034 0 0
14 Loan 7, 19, 20 1 La Habra Marketplace 0 12/3/2021 35 5 1/5/2022 NAP 12/5/2031 12/5/2031 0 0
15 Loan 3 1 236-244 East 13th Street 0 10/7/2024 0 6 12/6/2024 NAP 11/6/2034 11/6/2034 0 0
16 Loan 25 1 Quail Meadows Apartments 0 8/23/2024 2 6 10/6/2024 NAP 9/6/2034 9/6/2034 0 0
17 Loan 7, 12 1 500 Delaware 0 4/7/2022 30 5 6/5/2022 NAP 5/5/2032 5/5/2032 0 0
18 Loan 13, 16, 25 1 Quantix 360 9/20/2024 1 6 11/6/2024 11/6/2029 10/6/2034 10/6/2034 0 0
19 Loan 1, 3, 7, 18, 19, 23, 30 1 Arizona Grand Resort and Spa 0 7/26/2024 3 6 9/6/2024 NAP 8/6/2034 8/6/2034 0 0
20 Loan 4, 7, 16 1 Centene 0 5/4/2021 42 5 6/5/2021 NAP 5/5/2031 5/5/2031 0 0
21 Loan 1, 3, 7, 12, 21, 24, 26 1 Grapevine Mills 0 6/17/2024 4 1 8/1/2024 NAP 7/1/2034 7/1/2034 0 0
22 Loan 27 1 Stop & Shop Elizabeth 0 10/3/2024 1 5 11/5/2024 NAP 10/5/2034 10/5/2034 0 0
23 Loan   1 Corporate Circle 299 9/30/2024 1 6 11/6/2024 11/6/2024 10/6/2034 10/6/2034 0 0
24 Loan 7, 16, 19, 25, 33 1 1516 Motor Parkway 0 11/10/2021 35 5 1/5/2022 NAP 12/5/2031 12/5/2031 0 0
25 Loan 5, 19, 30 1 Spark by Hilton O'Hare 360 10/10/2024 0 6 12/6/2024 12/6/2024 11/6/2034 11/6/2034 0 0
26 Loan   1 1702 West 1st Street 0 9/30/2024 1 6 11/6/2024 NAP 10/6/2034 10/6/2034 0 0
27 Loan 15 1 Airport Business Center 0 9/25/2024 1 6 11/6/2024 NAP 10/6/2034 10/6/2034 0 0
28 Loan   1 Burbank Self Storage 359 9/11/2024 1 6 11/6/2024 11/6/2024 10/6/2034 10/6/2034 0 0

 

 A-10 

 

BMO 2024-C10

Annex A

Loan ID Number Loan / Property Flag Footnotes (for Loan and Property Information) # of Properties Property Name 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 ($) Second Most Recent NOI ($)
          12     31 16        
1 Loan 1, 4, 7, 12, 13 1 Newport Centre L(26),D(87),O(7) 46,686,244 19,671,880 27,014,364 6/30/2024 T-12 47,188,133 19,365,485 27,822,648
2 Loan 1, 3, 7, 12, 13, 16, 19, 27, 30 1 The Mall of Victor Valley L(26),DorYM1(87),O(7) 18,120,856 5,343,710 12,777,146 6/30/2024 T-12 17,831,332 5,210,649 12,620,683
3 Loan 6, 7, 12, 16, 17 31 Poindexter Industrial Portfolio L(25),D(88),O(7) NAV NAV NAV NAV NAV NAV NAV NAV
3.01 Property   1 Ringgold   NAV NAV NAV NAV NAV NAV NAV NAV
3.02 Property   1 Laval   NAV NAV NAV NAV NAV NAV NAV NAV
3.03 Property   1 Loudon   NAV NAV NAV NAV NAV NAV NAV NAV
3.04 Property   1 Salt Lake City   NAV NAV NAV NAV NAV NAV NAV NAV
3.05 Property   1 Morgantown   NAV NAV NAV NAV NAV NAV NAV NAV
3.06 Property   1 Reading   NAV NAV NAV NAV NAV NAV NAV NAV
3.07 Property   1 Orrville   NAV NAV NAV NAV NAV NAV NAV NAV
3.08 Property   1 Riverside I   NAV NAV NAV NAV NAV NAV NAV NAV
3.09 Property   1 Spring Hill   NAV NAV NAV NAV NAV NAV NAV NAV
3.10 Property   1 Janesville   NAV NAV NAV NAV NAV NAV NAV NAV
3.11 Property   1 Sturgis II   NAV NAV NAV NAV NAV NAV NAV NAV
3.12 Property   1 Denver   NAV NAV NAV NAV NAV NAV NAV NAV
3.13 Property   1 Sturgis I   NAV NAV NAV NAV NAV NAV NAV NAV
3.14 Property   1 Social Circle   NAV NAV NAV NAV NAV NAV NAV NAV
3.15 Property   1 Caldwell   NAV NAV NAV NAV NAV NAV NAV NAV
3.16 Property   1 Brenham   NAV NAV NAV NAV NAV NAV NAV NAV
3.17 Property   1 Clinton   NAV NAV NAV NAV NAV NAV NAV NAV
3.18 Property   1 Ehrenberg   NAV NAV NAV NAV NAV NAV NAV NAV
3.19 Property   1 Rydal   NAV NAV NAV NAV NAV NAV NAV NAV
3.20 Property   1 Claremore   NAV NAV NAV NAV NAV NAV NAV NAV
3.21 Property   1 West Palm Beach   NAV NAV NAV NAV NAV NAV NAV NAV
3.22 Property   1 Decatur   NAV NAV NAV NAV NAV NAV NAV NAV
3.23 Property   1 North Salt Lake   NAV NAV NAV NAV NAV NAV NAV NAV
3.24 Property   1 Ephrata   NAV NAV NAV NAV NAV NAV NAV NAV
3.25 Property   1 Nashville   NAV NAV NAV NAV NAV NAV NAV NAV
3.26 Property   1 Louisville   NAV NAV NAV NAV NAV NAV NAV NAV
3.27 Property   1 Riverside II   NAV NAV NAV NAV NAV NAV NAV NAV
3.28 Property   1 Corsicana   NAV NAV NAV NAV NAV NAV NAV NAV
3.29 Property   1 Centralia   NAV NAV NAV NAV NAV NAV NAV NAV
3.30 Property   1 Indianapolis   NAV NAV NAV NAV NAV NAV NAV NAV
3.31 Property   1 Elkhart   NAV NAV NAV NAV NAV NAV NAV NAV
4 Loan 15, 23, 30 1 White Oak Village L(25),D(90),O(5) 7,436,629 1,941,362 5,495,267 6/30/2024 T-12 7,436,715 1,922,213 5,514,501
5 Loan 5, 6, 10, 12, 13, 16, 19, 24, 25 6 Douglas Dynamics L(24),DorYM1(89),O(7) NAV NAV NAV NAV NAV NAV NAV NAV
5.01 Property   1 Milwaukee 7777   NAV NAV NAV NAV NAV NAV NAV NAV
5.02 Property   1 Rockland   NAV NAV NAV NAV NAV NAV NAV NAV
5.03 Property   1 Madison Heights   NAV NAV NAV NAV NAV NAV NAV NAV
5.04 Property   1 Manchester   NAV NAV NAV NAV NAV NAV NAV NAV
5.05 Property   1 Milwaukee 7676   NAV NAV NAV NAV NAV NAV NAV NAV
5.06 Property   1 Huntley   NAV NAV NAV NAV NAV NAV NAV NAV
6 Loan 13, 24, 27 1 South Carolina Industrial L(24),D(92),O(4) NAV NAV NAV NAV NAV NAV NAV NAV
7 Loan 6, 12, 13, 16, 25 3 Sterling Portfolio YM1(25),DorYM1(88),O(7) NAV NAV NAV NAV NAV NAV NAV NAV
7.01 Property   1 Phoenix   NAV NAV NAV NAV NAV NAV NAV NAV
7.02 Property   1 Lufkin   NAV NAV NAV NAV NAV NAV NAV NAV
7.03 Property   1 Joliet   NAV NAV NAV NAV NAV NAV NAV NAV
8 Loan 7, 26 1 Creekside Town Center L(37),D(78),O(5) 10,551,923 2,475,582 8,076,341 8/31/2024 T-12 9,604,742 2,390,218 7,214,525
9 Loan 18, 25, 29 1 Diamond Ridge Apartments L(9),YM1(107),O(4) 5,462,187 2,339,294 3,122,893 6/30/2024 T-12 5,219,926 2,212,373 3,007,553
10 Loan   1 Bradley Fair L(32),DorYM1(81),O(7) NAV NAV NAV NAV NAV NAV NAV NAV
11 Loan 10, 13, 16, 25, 30 1 Tropicale Foods L(24),DorYM1(89),O(7) NAV NAV NAV NAV NAV NAV NAV NAV
12 Loan 31 1 Springfield Center L(25),D(88),O(7) 4,152,442 989,118 3,163,324 6/30/2024 T-12 4,287,283 951,096 3,336,187

 

 A-11 

 

BMO 2024-C10

Annex A

Loan ID Number Loan / Property Flag Footnotes (for Loan and Property Information) # of Properties Property Name 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 ($) Second Most Recent NOI ($)
                           
13 Loan 25, 27 1 Gotham Plaza L(25),DorYM1(90),O(5) 3,964,028 1,420,802 2,543,226 6/30/2024 T-12 4,867,585 1,400,667 3,466,919
14 Loan 7, 19, 20 1 La Habra Marketplace L(59),D(57),O(4)  11,010,119 2,527,996 8,482,123 6/30/2024 T-12 10,940,682 2,672,217 8,268,464
15 Loan 3 1 236-244 East 13th Street L(24),D(89),O(7) 2,889,670 1,368,398 1,521,272 7/31/2024 T-12 2,833,894 1,353,691 1,480,203
16 Loan 25 1 Quail Meadows Apartments L(9),YM1(107),O(4) 3,313,508 1,122,976 2,190,532 6/30/2024 T-12 3,185,141 1,083,802 2,101,339
17 Loan 7, 12 1 500 Delaware L(35),D(78),O(7) 12,732,238 4,671,205 8,061,033 8/31/2024 T-12 12,566,170 4,712,188 7,853,982
18 Loan 13, 16, 25 1 Quantix YM1(25),DorYM1(88),O(7) NAV NAV NAV NAV NAV NAV NAV NAV
19 Loan 1, 3, 7, 18, 19, 23, 30 1 Arizona Grand Resort and Spa L(27),D(86),O(7) 99,370,667 69,105,823 30,264,845 4/30/2024 T-12 94,844,651 66,725,487 28,119,164
20 Loan 4, 7, 16 1 Centene L(35),D(79),O(6) NAV NAV NAV NAV NAV NAV NAV NAV
21 Loan 1, 3, 7, 12, 21, 24, 26 1 Grapevine Mills L(28),D(85),O(7) 57,265,658 13,528,222 43,737,436 3/31/2024 T-12 54,686,327 13,617,086 41,069,241
22 Loan 27 1 Stop & Shop Elizabeth L(25),D(88),O(7) NAV NAV NAV NAV NAV NAV NAV NAV
23 Loan   1 Corporate Circle L(11),YM1(14),DorYM1(88),O(7) 2,891,313 1,327,823 1,563,490 6/30/2024 T-12 2,733,640 1,259,071 1,474,569
24 Loan 7, 16, 19, 25, 33 1 1516 Motor Parkway L(35),DorYM1(80),O(5) NAV NAV NAV NAV NAV NAV NAV NAV
25 Loan 5, 19, 30 1 Spark by Hilton O'Hare L(24),D(91),O(5) 3,932,878 2,411,506 1,521,372 8/31/2024 T-12 3,958,849 2,508,951 1,449,898
26 Loan   1 1702 West 1st Street L(25),YM1(89),O(6) 654,436 305,676 348,759 7/31/2024 T-12 649,255 306,322 342,932
27 Loan 15 1 Airport Business Center L(25),YM1(90),O(5) 305,627 225,774 79,853 7/31/2024 T-12 409,929 226,109 183,819
28 Loan   1 Burbank Self Storage L(25),D(91),O(4) 793,391 296,086 497,305 7/31/2024 T-12 751,306 330,950 420,356

 

 A-12 

 

BMO 2024-C10

Annex A

Loan ID Number Loan / Property Flag Footnotes (for Loan and Property Information) # of Properties Property Name  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 ($)
          16         16        
1 Loan 1, 4, 7, 12, 13 1 Newport Centre 12/31/2023 T-12 46,432,352 19,030,158 27,402,194 12/31/2022 T-12 95.4% 47,183,709 18,421,481
2 Loan 1, 3, 7, 12, 13, 16, 19, 27, 30 1 The Mall of Victor Valley 12/31/2023 T-12 17,846,624 4,896,477 12,950,147 12/31/2022 T-12 94.4% 18,132,998 5,360,546
3 Loan 6, 7, 12, 16, 17 31 Poindexter Industrial Portfolio NAV NAV NAV NAV NAV NAV NAV 95.0% 21,558,358 646,751
3.01 Property   1 Ringgold NAV NAV NAV NAV NAV NAV NAV 95.0% 2,524,358 75,731
3.02 Property   1 Laval NAV NAV NAV NAV NAV NAV NAV 95.0% 1,703,206 51,096
3.03 Property   1 Loudon NAV NAV NAV NAV NAV NAV NAV 95.0% 1,513,613 45,408
3.04 Property   1 Salt Lake City NAV NAV NAV NAV NAV NAV NAV 95.0% 1,064,383 31,931
3.05 Property   1 Morgantown NAV NAV NAV NAV NAV NAV NAV 95.0% 1,287,678 38,630
3.06 Property   1 Reading NAV NAV NAV NAV NAV NAV NAV 95.0% 742,555 22,277
3.07 Property   1 Orrville NAV NAV NAV NAV NAV NAV NAV 95.0% 903,600 27,108
3.08 Property   1 Riverside I NAV NAV NAV NAV NAV NAV NAV 95.0% 692,331 20,770
3.09 Property   1 Spring Hill NAV NAV NAV NAV NAV NAV NAV 95.0% 945,783 28,374
3.10 Property   1 Janesville NAV NAV NAV NAV NAV NAV NAV 95.0% 848,505 25,455
3.11 Property   1 Sturgis II NAV NAV NAV NAV NAV NAV NAV 95.0% 931,045 27,931
3.12 Property   1 Denver NAV NAV NAV NAV NAV NAV NAV 95.0% 787,826 23,635
3.13 Property   1 Sturgis I NAV NAV NAV NAV NAV NAV NAV 95.0% 804,114 24,123
3.14 Property   1 Social Circle NAV NAV NAV NAV NAV NAV NAV 95.0% 589,972 17,699
3.15 Property   1 Caldwell NAV NAV NAV NAV NAV NAV NAV 95.0% 521,725 15,652
3.16 Property   1 Brenham NAV NAV NAV NAV NAV NAV NAV 95.0% 643,892 19,317
3.17 Property   1 Clinton NAV NAV NAV NAV NAV NAV NAV 95.0% 522,804 15,684
3.18 Property   1 Ehrenberg NAV NAV NAV NAV NAV NAV NAV 95.0% 479,657 14,390
3.19 Property   1 Rydal NAV NAV NAV NAV NAV NAV NAV 95.0% 500,837 15,025
3.20 Property   1 Claremore NAV NAV NAV NAV NAV NAV NAV 95.0% 536,874 16,106
3.21 Property   1 West Palm Beach NAV NAV NAV NAV NAV NAV NAV 95.0% 383,822 11,515
3.22 Property   1 Decatur NAV NAV NAV NAV NAV NAV NAV 95.0% 309,449 9,283
3.23 Property   1 North Salt Lake NAV NAV NAV NAV NAV NAV NAV 95.0% 358,804 10,764
3.24 Property   1 Ephrata NAV NAV NAV NAV NAV NAV NAV 95.0% 383,610 11,508
3.25 Property   1 Nashville NAV NAV NAV NAV NAV NAV NAV 95.0% 286,836 8,605
3.26 Property   1 Louisville NAV NAV NAV NAV NAV NAV NAV 95.0% 267,709 8,031
3.27 Property   1 Riverside II NAV NAV NAV NAV NAV NAV NAV 95.0% 165,725 4,972
3.28 Property   1 Corsicana NAV NAV NAV NAV NAV NAV NAV 95.0% 409,848 12,295
3.29 Property   1 Centralia NAV NAV NAV NAV NAV NAV NAV 95.0% 206,526 6,196
3.30 Property   1 Indianapolis NAV NAV NAV NAV NAV NAV NAV 95.0% 167,415 5,022
3.31 Property   1 Elkhart NAV NAV NAV NAV NAV NAV NAV 95.0% 73,857 2,216
4 Loan 15, 23, 30 1 White Oak Village 12/31/2023 T-12 7,405,283 1,882,855 5,522,428 12/31/2022 T-12 90.0% 7,348,911 1,769,494
5 Loan 5, 6, 10, 12, 13, 16, 19, 24, 25 6 Douglas Dynamics NAV NAV NAV NAV NAV NAV NAV 100.0% 4,892,500 0
5.01 Property   1 Milwaukee 7777 NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV
5.02 Property   1 Rockland NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV
5.03 Property   1 Madison Heights NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV
5.04 Property   1 Manchester NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV
5.05 Property   1 Milwaukee 7676 NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV
5.06 Property   1 Huntley NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV
6 Loan 13, 24, 27 1 South Carolina Industrial NAV NAV NAV NAV NAV NAV NAV 97.0% 5,649,751 169,493
7 Loan 6, 12, 13, 16, 25 3 Sterling Portfolio NAV NAV NAV NAV NAV NAV NAV 95.0% 6,449,744 2,003,355
7.01 Property   1 Phoenix NAV NAV NAV NAV NAV NAV NAV 95.0% 4,239,886 1,257,197
7.02 Property   1 Lufkin NAV NAV NAV NAV NAV NAV NAV 95.0% 1,910,519 682,310
7.03 Property   1 Joliet NAV NAV NAV NAV NAV NAV NAV 95.0% 299,339 63,849
8 Loan 7, 26 1 Creekside Town Center 12/31/2022 T-12 9,186,860 2,304,172 6,882,688 12/31/2021 T-12 95.3% 10,764,587 2,658,944
9 Loan 18, 25, 29 1 Diamond Ridge Apartments 12/31/2023 T-12 4,731,194 2,195,010 2,536,184 12/31/2022 T-12 95.2% 5,462,187 2,503,705
10 Loan   1 Bradley Fair NAV NAV NAV NAV NAV NAV NAV 100.0% 2,016,936 0
11 Loan 10, 13, 16, 25, 30 1 Tropicale Foods NAV NAV NAV NAV NAV NAV NAV 100.0% 3,851,936 265,556
12 Loan 31 1 Springfield Center 12/31/2023 T-12 5,204,820 1,042,308 4,162,513 12/31/2022 T-12 95.1% 4,988,869 975,970

 

 A-13 

 

BMO 2024-C10

Annex A

Loan ID Number Loan / Property Flag Footnotes (for Loan and Property Information) # of Properties Property Name  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 ($)
                             
13 Loan 25, 27 1 Gotham Plaza 12/31/2023 T-12 5,294,609 1,331,987 3,962,622 12/31/2022 T-12 79.8% 5,451,102 1,723,832
14 Loan 7, 19, 20 1 La Habra Marketplace 12/31/2023 T-12 11,480,478 2,846,617 8,633,861 12/31/2022 T-12 94.8% 10,989,992 2,572,238
15 Loan 3 1 236-244 East 13th Street 12/31/2023 T-12 2,520,175 1,431,133 1,089,041 12/31/2022 T-12 94.9% 2,994,852 1,346,931
16 Loan 25 1 Quail Meadows Apartments 12/31/2023 T-12 2,959,067 1,041,851 1,917,216 12/31/2022 T-12 90.2% 3,313,508 1,220,558
17 Loan 7, 12 1 500 Delaware 12/31/2023 T-12 11,996,082 4,131,135 7,864,947 12/31/2022 T-12 93.3% 12,812,825 4,200,782
18 Loan 13, 16, 25 1 Quantix NAV NAV NAV NAV NAV NAV NAV 95.0% 3,155,615 599,513
19 Loan 1, 3, 7, 18, 19, 23, 30 1 Arizona Grand Resort and Spa 12/31/2023 T-12 93,704,479 62,651,235 31,053,244 12/31/2022 T-12 63.2% 99,267,457 69,043,990
20 Loan 4, 7, 16 1 Centene NAV NAV NAV NAV NAV NAV NAV 95.0% 6,993,609 2,810,270
21 Loan 1, 3, 7, 12, 21, 24, 26 1 Grapevine Mills 12/31/2023 T-12 55,175,531 14,530,759 40,644,772 12/31/2022 T-12 97.9% 58,524,018 13,633,655
22 Loan 27 1 Stop & Shop Elizabeth NAV NAV NAV NAV NAV NAV NAV 100.0% 1,495,420 44,863
23 Loan   1 Corporate Circle 12/31/2023 T-12 2,896,950 1,493,149 1,403,801 12/31/2022 T-12 95.0% 3,006,961 1,377,560
24 Loan 7, 16, 19, 25, 33 1 1516 Motor Parkway NAV NAV NAV NAV NAV NAV NAV 99.0% 1,837,380 275,507
25 Loan 5, 19, 30 1 Spark by Hilton O'Hare 12/31/2023 T-12 4,044,010 2,591,977 1,452,033 12/31/2022 T-12 71.6% 3,932,878 2,559,321
26 Loan   1 1702 West 1st Street 12/31/2023 T-12 662,116 307,965 354,151 12/31/2022 T-12 97.0% 664,133 321,378
27 Loan 15 1 Airport Business Center 12/31/2023 T-12 734,526 248,099 486,427 12/31/2022 T-12 84.1% 632,621 223,775
28 Loan   1 Burbank Self Storage 12/31/2023 T-12 715,803 302,648 413,156 12/31/2022 T-12 90.7% 793,391 297,326

 

 A-14 

 

BMO 2024-C10

Annex A

Loan ID Number Loan / 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 ($) 
          31   15   7, 14 7, 14 7, 18 7, 18 5
1 Loan 1, 4, 7, 12, 13 1 Newport Centre 28,762,228 193,237 966,186 27,602,805 2.78 2.66 15.3% 14.7% 436,800,000
2 Loan 1, 3, 7, 12, 13, 16, 19, 27, 30 1 The Mall of Victor Valley 12,772,452 122,685 479,261 12,170,506 2.20 2.10 15.0% 14.3% 143,100,000
3 Loan 6, 7, 12, 16, 17 31 Poindexter Industrial Portfolio 20,911,608 0 0 20,911,608 2.62 2.62 15.0% 15.0% 348,250,000
3.01 Property   1 Ringgold 2,448,627 0 0 2,448,627         47,000,000
3.02 Property   1 Laval 1,652,110 0 0 1,652,110         26,830,000
3.03 Property   1 Loudon 1,468,204 0 0 1,468,204         23,800,000
3.04 Property   1 Salt Lake City 1,032,452 0 0 1,032,452         20,800,000
3.05 Property   1 Morgantown 1,249,047 0 0 1,249,047         19,100,000
3.06 Property   1 Reading 720,278 0 0 720,278         16,100,000
3.07 Property   1 Orrville 876,492 0 0 876,492         13,300,000
3.08 Property   1 Riverside I 671,562 0 0 671,562         13,700,000
3.09 Property   1 Spring Hill 917,410 0 0 917,410         12,900,000
3.10 Property   1 Janesville 823,050 0 0 823,050         12,400,000
3.11 Property   1 Sturgis II 903,114 0 0 903,114         12,700,000
3.12 Property   1 Denver 764,191 0 0 764,191         11,500,000
3.13 Property   1 Sturgis I 779,990 0 0 779,990         11,000,000
3.14 Property   1 Social Circle 572,273 0 0 572,273         9,200,000
3.15 Property   1 Caldwell 506,073 0 0 506,073         8,900,000
3.16 Property   1 Brenham 624,575 0 0 624,575         8,600,000
3.17 Property   1 Clinton 507,120 0 0 507,120         7,900,000
3.18 Property   1 Ehrenberg 465,267 0 0 465,267         7,900,000
3.19 Property   1 Rydal 485,812 0 0 485,812         7,300,000
3.20 Property   1 Claremore 520,767 0 0 520,767         6,800,000
3.21 Property   1 West Palm Beach 372,307 0 0 372,307         6,150,000
3.22 Property   1 Decatur 300,165 0 0 300,165         5,800,000
3.23 Property   1 North Salt Lake 348,040 0 0 348,040         5,700,000
3.24 Property   1 Ephrata 372,102 0 0 372,102         5,600,000
3.25 Property   1 Nashville 278,231 0 0 278,231         4,500,000
3.26 Property   1 Louisville 259,678 0 0 259,678         4,300,000
3.27 Property   1 Riverside II 160,754 0 0 160,754         3,900,000
3.28 Property   1 Corsicana 397,553 0 0 397,553         6,700,000
3.29 Property   1 Centralia 200,330 0 0 200,330         3,970,000
3.30 Property   1 Indianapolis 162,393 0 0 162,393         2,650,000
3.31 Property   1 Elkhart 71,641 0 0 71,641         1,250,000
4 Loan 15, 23, 30 1 White Oak Village 5,579,417 59,641 153,850 5,365,926 2.03 1.95 12.6% 12.1% 85,000,000
5 Loan 5, 6, 10, 12, 13, 16, 19, 24, 25 6 Douglas Dynamics 4,892,500 0 0 4,892,500 1.80 1.80 11.6% 11.6% 66,900,000
5.01 Property   1 Milwaukee 7777 NAV NAV NAV NAV         18,200,000
5.02 Property   1 Rockland NAV NAV NAV NAV         15,300,000
5.03 Property   1 Madison Heights NAV NAV NAV NAV         11,400,000
5.04 Property   1 Manchester NAV NAV NAV NAV         10,500,000
5.05 Property   1 Milwaukee 7676 NAV NAV NAV NAV         5,380,000
5.06 Property   1 Huntley NAV NAV NAV NAV         3,360,000
6 Loan 13, 24, 27 1 South Carolina Industrial 5,480,258 0 0 5,480,258 1.82 1.82 13.7% 13.7% 76,600,000
7 Loan 6, 12, 13, 16, 25 3 Sterling Portfolio 4,446,388 145,638 193,482 4,107,268 1.82 1.68 11.5% 10.6% 60,450,000
7.01 Property   1 Phoenix 2,982,689 101,608 126,860 2,754,220         40,300,000
7.02 Property   1 Lufkin 1,228,209 37,251 57,777 1,133,181         17,000,000
7.03 Property   1 Joliet 235,490 6,778 8,844 219,867         3,150,000
8 Loan 7, 26 1 Creekside Town Center 8,105,643 54,134 20,668 8,030,841 1.54 1.52 11.3% 11.2% 125,600,000
9 Loan 18, 25, 29 1 Diamond Ridge Apartments 2,958,482 125,000 0 2,833,482 1.30 1.25 10.4% 9.9% 47,800,000
10 Loan   1 Bradley Fair 2,016,936 0 0 2,016,936 1.04 1.04 6.7% 6.7% 40,000,000
11 Loan 10, 13, 16, 25, 30 1 Tropicale Foods 3,586,380 0 0 3,586,380 1.86 1.86 12.1% 12.1% 69,600,000
12 Loan 31 1 Springfield Center 4,012,899 26,505 200,219 3,786,175 2.32 2.19 13.8% 13.0% 49,300,000

 

 A-15 

 

BMO 2024-C10

Annex A

Loan ID Number Loan / 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 ($) 
                           
13 Loan 25, 27 1 Gotham Plaza 3,727,269 0 0 3,727,269 2.23 2.23 13.3% 13.3% 51,700,000
14 Loan 7, 19, 20 1 La Habra Marketplace 8,417,754 74,495 47,476 8,295,782 2.36 2.33 8.9% 8.7% 153,000,000
15 Loan 3 1 236-244 East 13th Street 1,647,921 17,441 4,204 1,626,276 1.25 1.24 7.8% 7.7% 31,400,000
16 Loan 25 1 Quail Meadows Apartments 2,092,950 89,000 0 2,003,950 1.42 1.36 10.1% 9.7% 32,800,000
17 Loan 7, 12 1 500 Delaware 8,612,042 74,244 108,995 8,428,803 2.06 2.02 10.1% 9.9% 125,700,000
18 Loan 13, 16, 25 1 Quantix 2,556,102 55,904 93,808 2,406,389 1.92 1.80 14.0% 13.2% 32,650,000
19 Loan 1, 3, 7, 18, 19, 23, 30 1 Arizona Grand Resort and Spa 30,223,467 3,766,975 0 26,456,492 4.30 3.76 24.2% 21.2% 318,800,000
20 Loan 4, 7, 16 1 Centene 4,183,339 29,197 145,983 4,008,160 2.58 2.47 8.9% 8.6% 78,700,000
21 Loan 1, 3, 7, 12, 21, 24, 26 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
22 Loan 27 1 Stop & Shop Elizabeth 1,450,558 10,883 0 1,439,674 1.92 1.90 12.3% 12.3% 23,500,000
23 Loan   1 Corporate Circle 1,629,400 24,263 121,316 1,483,821 2.19 1.99 17.5% 16.0% 15,600,000
24 Loan 7, 16, 19, 25, 33 1 1516 Motor Parkway 1,561,873 21,019 0 1,540,854 2.43 2.39 8.6% 8.5% 26,900,000
25 Loan 5, 19, 30 1 Spark by Hilton O'Hare 1,373,557 157,315 0 1,216,242 1.92 1.70 16.2% 14.3% 15,500,000
26 Loan   1 1702 West 1st Street 342,755 10,500 0 332,255 1.32 1.28 8.9% 8.7% 5,800,000
27 Loan 15 1 Airport Business Center 408,846 5,596 4,848 398,401 1.78 1.74 12.0% 11.7% 6,840,000
28 Loan   1 Burbank Self Storage 496,065 0 0 496,065 5.54 5.54 41.4% 41.4% 9,140,000

 

 A-16 

 

BMO 2024-C10

Annex A

Loan ID Number Loan / Property Flag Footnotes (for Loan and Property Information) # of Properties Property Name 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 
               5, 7, 18   5, 7, 18   3,4       4, 21, 22, 23, 28   
1 Loan 1, 4, 7, 12, 13 1 Newport Centre As Is 7/11/2024 43.0% 43.0% 92.5% 7/29/2024 No Macy's 229,889
2 Loan 1, 3, 7, 12, 13, 16, 19, 27, 30 1 The Mall of Victor Valley As Is 6/12/2024 59.4% 59.4% 98.9% 8/2/2024 No JCPenney 91,776
3 Loan 6, 7, 12, 16, 17 31 Poindexter Industrial Portfolio As Is Various 39.9% 39.9% 100.0% Various      
3.01 Property   1 Ringgold As Is 8/15/2024     100.0% 11/6/2024 Yes Morgan Olson 878,000
3.02 Property   1 Laval As Is 8/15/2024     100.0% 11/6/2024 Yes Morgan Truck 117,533
3.03 Property   1 Loudon As Is 8/12/2024     100.0% 11/6/2024 Yes Morgan Olson 334,024
3.04 Property   1 Salt Lake City As Is 8/16/2024     100.0% 11/6/2024 Yes Reading Truck 109,914
3.05 Property   1 Morgantown As Is 8/12/2024     100.0% 11/6/2024 Yes Morgan Truck 246,843
3.06 Property   1 Reading As Is 8/12/2024     100.0% 11/6/2024 Yes Reading Truck 323,381
3.07 Property   1 Orrville As Is 8/14/2024     100.0% 9/1/2024 No Morgan Truck 301,524
3.08 Property   1 Riverside I As Is 8/9/2024     100.0% 11/6/2024 Yes Morgan Truck 66,000
3.09 Property   1 Spring Hill As Is 8/13/2024     100.0% 11/6/2024 Yes Reading Truck 80,400
3.10 Property   1 Janesville As Is 8/1/2024     100.0% 11/6/2024 Yes Morgan Truck 196,098
3.11 Property   1 Sturgis II As Is 8/14/2024     100.0% 11/6/2024 Yes Morgan Olson 204,555
3.12 Property   1 Denver As Is 8/12/2024     100.0% 9/1/2024 No Morgan Truck 58,285
3.13 Property   1 Sturgis I As Is 8/14/2024     100.0% 11/6/2024 Yes Morgan Olson 175,700
3.14 Property   1 Social Circle As Is 8/15/2024     100.0% 11/6/2024 Yes Masterack LLC 200,342
3.15 Property   1 Caldwell As Is 8/14/2024     100.0% 11/6/2024 Yes Reading Truck 37,100
3.16 Property   1 Brenham As Is 8/13/2024     100.0% 11/6/2024 Yes MIC Group LLC 128,225
3.17 Property   1 Clinton As Is 8/13/2024     100.0% 11/6/2024 Yes Reading Truck 17,552
3.18 Property   1 Ehrenberg As Is 8/9/2024     100.0% 11/6/2024 Yes Morgan Truck 120,416
3.19 Property   1 Rydal As Is 8/15/2024     100.0% 11/6/2024 Yes Morgan Truck 102,697
3.20 Property   1 Claremore As Is 8/12/2024     100.0% 11/6/2024 Yes Reading Truck 101,498
3.21 Property   1 West Palm Beach As Is 8/13/2024     100.0% 11/6/2024 Yes Reading Truck 24,890
3.22 Property   1 Decatur As Is 8/1/2024     100.0% 11/6/2024 Yes EFP LLC 183,804
3.23 Property   1 North Salt Lake As Is 8/16/2024     100.0% 11/6/2024 Yes Reading Truck 26,145
3.24 Property   1 Ephrata As Is 8/12/2024     100.0% 11/6/2024 Yes Morgan Truck 55,198
3.25 Property   1 Nashville As Is 8/12/2024     100.0% 11/6/2024 Yes Reading Truck 18,144
3.26 Property   1 Louisville As Is 8/14/2024     100.0% 11/6/2024 Yes Reading Truck 26,325
3.27 Property   1 Riverside II As Is 8/9/2024     100.0% 11/6/2024 Yes Morgan Truck 137,214
3.28 Property   1 Corsicana As Is 8/15/2024     100.0% 11/6/2024 Yes Morgan Truck 75,616
3.29 Property   1 Centralia As Is 8/14/2024     100.0% 11/6/2024 Yes Leer 47,826
3.30 Property   1 Indianapolis As Is 8/12/2024     100.0% 11/6/2024 Yes Reading Truck 28,364
3.31 Property   1 Elkhart As Is 8/12/2024     100.0% 11/6/2024 Yes Leer 16,855
4 Loan 15, 23, 30 1 White Oak Village As Is 7/23/2024 52.3% 52.3% 93.2% 9/9/2024 No JCPenney 105,607
5 Loan 5, 6, 10, 12, 13, 16, 19, 24, 25 6 Douglas Dynamics As Portfolio 9/10/2024 62.9% 62.9% 100.0% 11/6/2024      
5.01 Property   1 Milwaukee 7777 As Is 8/28/2024     100.0% 11/6/2024 Yes Douglas Dynamics 215,242
5.02 Property   1 Rockland As Is 8/29/2024     100.0% 11/6/2024 Yes Douglas Dynamics 203,640
5.03 Property   1 Madison Heights As Is 9/10/2024     100.0% 11/6/2024 Yes Douglas Dynamics 116,045
5.04 Property   1 Manchester As Is 8/26/2024     100.0% 11/6/2024 Yes Douglas Dynamics 169,286
5.05 Property   1 Milwaukee 7676 As Is 8/28/2024     100.0% 11/6/2024 Yes Douglas Dynamics 60,038
5.06 Property   1 Huntley As Is 8/26/2024     100.0% 11/6/2024 Yes Douglas Dynamics 27,332
6 Loan 13, 24, 27 1 South Carolina Industrial As Is 1/30/2024 52.2% 52.2% 100.0% 11/5/2024 Yes MycoWorks 135,939
7 Loan 6, 12, 13, 16, 25 3 Sterling Portfolio As Is Various 64.1% 64.1% 100.0% 11/6/2024      
7.01 Property   1 Phoenix As Is 8/19/2024     100.0% 11/6/2024 Yes Sterling Lumber Parent, LLC 596,566
7.02 Property   1 Lufkin As Is 8/21/2024     100.0% 11/6/2024 Yes Sterling Lumber Parent, LLC 369,505
7.03 Property   1 Joliet As Is 8/19/2024     100.0% 11/6/2024 Yes Sterling Lumber Parent, LLC 24,951
8 Loan 7, 26 1 Creekside Town Center As Is 8/25/2023 56.9% 56.9% 95.6% 7/31/2024 No Best Buy 46,005
9 Loan 18, 25, 29 1 Diamond Ridge Apartments As Is 7/10/2024 59.6% 59.6% 97.2% 7/31/2024 NAP NAP NAP
10 Loan   1 Bradley Fair As Is 12/20/2023 75.0% 75.0% NAP NAP NAP NAP NAP
11 Loan 10, 13, 16, 25, 30 1 Tropicale Foods As Is 8/16/2024 42.7% 42.7% 100.0% 11/6/2024 Yes Tropicale Foods 210,028
12 Loan 31 1 Springfield Center As Is 8/1/2024 59.1% 59.1% 100.0% 8/28/2024 No Bob's Discount Furniture 37,809

 

 A-17 

 

BMO 2024-C10

Annex A

Loan ID Number Loan / Property Flag Footnotes (for Loan and Property Information) # of Properties Property Name 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 
                           
13 Loan 25, 27 1 Gotham Plaza As Is 5/30/2024 54.2% 54.2% 78.4% 8/14/2024 No Lifespire 33,260
14 Loan 7, 19, 20 1 La Habra Marketplace As Is 8/10/2021 62.1% 62.1% 95.3% 6/30/2024 No Regal Entertainment Group 59,800
15 Loan 3 1 236-244 East 13th Street As Is 9/9/2024 66.9% 66.9% 96.3% 9/18/2024 NAP NAP NAP
16 Loan 25 1 Quail Meadows Apartments As Is 7/10/2024 63.3% 63.3% 95.2% 8/31/2024 NAP NAP NAP
17 Loan 7, 12 1 500 Delaware As Is 3/3/2022 67.6% 67.6% 92.6% 9/1/2024 No Wilmington Savings Fund Society, FSB 81,154
18 Loan 13, 16, 25 1 Quantix As Is 8/6/2024 56.0% 52.5% 100.0% 11/6/2024 Yes Quantix 431,566
19 Loan 1, 3, 7, 18, 19, 23, 30 1 Arizona Grand Resort and Spa As Is 6/4/2024 39.2% 39.2% 63.2% 4/30/2024 NAP NAP NAP
20 Loan 4, 7, 16 1 Centene As Is 3/9/2021 59.5% 59.5% 100.0% 11/5/2024 Yes Centene 145,983
21 Loan 1, 3, 7, 12, 21, 24, 26 1 Grapevine Mills As Is 5/13/2024 45.6% 45.6% 96.2% 5/9/2024 No Bass Pro Shops Outdoor World 177,063
22 Loan 27 1 Stop & Shop Elizabeth As Is 8/5/2024 50.0% 50.0% 100.0% 11/5/2024 Yes Stop & Shop 54,416
23 Loan   1 Corporate Circle As Is 7/30/2024 59.5% 46.7% 96.7% 8/31/2024 No UBS Financial Services, Inc. 17,476
24 Loan 7, 16, 19, 25, 33 1 1516 Motor Parkway As Is 8/18/2021 67.7% 67.7% 100.0% 11/5/2024 Yes Webb Enterprises 140,125
25 Loan 5, 19, 30 1 Spark by Hilton O'Hare Hypothetical As If Complete Today 8/14/2024 54.8% 48.5% 71.6% 8/31/2024 NAP NAP NAP
26 Loan   1 1702 West 1st Street As Is 9/18/2024 66.1% 66.1% 100.0% 9/24/2024 NAP NAP NAP
27 Loan 15 1 Airport Business Center As Is 8/27/2024 49.7% 49.7% 84.0% 8/1/2024 No 365 Retail Markets 12,398
28 Loan   1 Burbank Self Storage As Is 8/12/2024 13.1% 11.2% 96.0% 7/31/2024 NAP NAP NAP

 

 A-18 

 

BMO 2024-C10

Annex A

Loan ID Number Loan / Property Flag Footnotes (for Loan and Property Information) # of Properties Property Name  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
               4, 21, 22, 23, 28         4, 21, 22, 23, 28 
1 Loan 1, 4, 7, 12, 13 1 Newport Centre 23.8% 1/29/2028 Sears (Dick's House of Sport & Primark) 192,000 19.9% 10/31/2027 Kohl's
2 Loan 1, 3, 7, 12, 13, 16, 19, 27, 30 1 The Mall of Victor Valley 19.1% 3/31/2033 Cinemark 62,118 13.0% 11/30/2026 DICK'S Sporting Goods
3 Loan 6, 7, 12, 16, 17 31 Poindexter Industrial Portfolio              
3.01 Property   1 Ringgold 100.0% 12/31/2039 NAP NAP NAP NAP NAP
3.02 Property   1 Laval 100.0% 12/31/2039 NAP NAP NAP NAP NAP
3.03 Property   1 Loudon 100.0% 12/31/2039 NAP NAP NAP NAP NAP
3.04 Property   1 Salt Lake City 100.0% 12/31/2039 NAP NAP NAP NAP NAP
3.05 Property   1 Morgantown 100.0% 12/31/2039 NAP NAP NAP NAP NAP
3.06 Property   1 Reading 100.0% 12/31/2039 NAP NAP NAP NAP NAP
3.07 Property   1 Orrville 86.9% 12/31/2039 JLG Industries 45,500 13.1% 8/28/2028 NAP
3.08 Property   1 Riverside I 100.0% 12/31/2039 NAP NAP NAP NAP NAP
3.09 Property   1 Spring Hill 100.0% 12/31/2039 NAP NAP NAP NAP NAP
3.10 Property   1 Janesville 100.0% 12/31/2039 NAP NAP NAP NAP NAP
3.11 Property   1 Sturgis II 100.0% 12/31/2039 NAP NAP NAP NAP NAP
3.12 Property   1 Denver 59.2% 12/31/2039 Lippert Components Manufacturing 40,200 40.8% 6/30/2028 NAP
3.13 Property   1 Sturgis I 100.0% 12/31/2039 NAP NAP NAP NAP NAP
3.14 Property   1 Social Circle 100.0% 12/31/2039 NAP NAP NAP NAP NAP
3.15 Property   1 Caldwell 100.0% 12/31/2039 NAP NAP NAP NAP NAP
3.16 Property   1 Brenham 100.0% 12/31/2039 NAP NAP NAP NAP NAP
3.17 Property   1 Clinton 100.0% 12/31/2039 NAP NAP NAP NAP NAP
3.18 Property   1 Ehrenberg 100.0% 12/31/2039 NAP NAP NAP NAP NAP
3.19 Property   1 Rydal 100.0% 12/31/2039 NAP NAP NAP NAP NAP
3.20 Property   1 Claremore 100.0% 12/31/2039 NAP NAP NAP NAP NAP
3.21 Property   1 West Palm Beach 100.0% 12/31/2039 NAP NAP NAP NAP NAP
3.22 Property   1 Decatur 100.0% 12/31/2039 NAP NAP NAP NAP NAP
3.23 Property   1 North Salt Lake 100.0% 12/31/2039 NAP NAP NAP NAP NAP
3.24 Property   1 Ephrata 100.0% 12/31/2039 NAP NAP NAP NAP NAP
3.25 Property   1 Nashville 100.0% 12/31/2039 NAP NAP NAP NAP NAP
3.26 Property   1 Louisville 100.0% 12/31/2039 NAP NAP NAP NAP NAP
3.27 Property   1 Riverside II 100.0% 12/31/2039 NAP NAP NAP NAP NAP
3.28 Property   1 Corsicana 100.0% 12/31/2039 NAP NAP NAP NAP NAP
3.29 Property   1 Centralia 100.0% 12/31/2039 NAP NAP NAP NAP NAP
3.30 Property   1 Indianapolis 100.0% 12/31/2039 NAP NAP NAP NAP NAP
3.31 Property   1 Elkhart 100.0% 12/31/2039 NAP NAP NAP NAP NAP
4 Loan 15, 23, 30 1 White Oak Village 26.6% 3/31/2029 Publix 60,951 15.3% 10/6/2038 K&G Men's Company
5 Loan 5, 6, 10, 12, 13, 16, 19, 24, 25 6 Douglas Dynamics              
5.01 Property   1 Milwaukee 7777 100.0% 10/31/2039 NAP NAP NAP NAP NAP
5.02 Property   1 Rockland 100.0% 10/31/2039 NAP NAP NAP NAP NAP
5.03 Property   1 Madison Heights 100.0% 10/31/2039 NAP NAP NAP NAP NAP
5.04 Property   1 Manchester 100.0% 10/31/2039 NAP NAP NAP NAP NAP
5.05 Property   1 Milwaukee 7676 100.0% 10/31/2039 NAP NAP NAP NAP NAP
5.06 Property   1 Huntley 100.0% 10/31/2039 NAP NAP NAP NAP NAP
6 Loan 13, 24, 27 1 South Carolina Industrial 100.0% 9/1/2053 NAP NAP NAP NAP NAP
7 Loan 6, 12, 13, 16, 25 3 Sterling Portfolio              
7.01 Property   1 Phoenix 100.0% 8/31/2044 NAP NAP NAP NAP NAP
7.02 Property   1 Lufkin 100.0% 8/31/2044 NAP NAP NAP NAP NAP
7.03 Property   1 Joliet 100.0% 8/31/2044 NAP NAP NAP NAP NAP
8 Loan 7, 26 1 Creekside Town Center 12.7% 1/31/2026 Burlington Coat Factory 37,212 10.3% 1/31/2026 Bob's Discount Furniture
9 Loan 18, 25, 29 1 Diamond Ridge Apartments NAP NAP NAP NAP NAP NAP NAP
10 Loan   1 Bradley Fair NAP NAP NAP NAP NAP NAP NAP
11 Loan 10, 13, 16, 25, 30 1 Tropicale Foods 100.0% 9/30/2045 NAP NAP NAP NAP NAP
12 Loan 31 1 Springfield Center 21.4% 5/31/2034 The Tile Shop 30,145 17.1% 6/30/2028 DSW

 

 A-19 

 

BMO 2024-C10

Annex A

Loan ID Number Loan / Property Flag Footnotes (for Loan and Property Information) # of Properties Property Name  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
                       
13 Loan 25, 27 1 Gotham Plaza 35.9% 10/31/2042 MTA 17,647 19.0% 12/31/2034   Foot Locker
14 Loan 7, 19, 20 1 La Habra Marketplace 16.1% 4/30/2029 LA Fitness 50,322 13.5% 6/30/2034 Hobby Lobby
15 Loan 3 1 236-244 East 13th Street NAP NAP NAP NAP NAP NAP NAP
16 Loan 25 1 Quail Meadows Apartments NAP NAP NAP NAP NAP NAP NAP
17 Loan 7, 12 1 500 Delaware 21.9% 12/31/2025 Morris James LLP 68,553 18.5% 5/31/2026 Sargent & Lundy, LLC
18 Loan 13, 16, 25 1 Quantix 100.0% 7/31/2044 NAP NAP NAP NAP NAP
19 Loan 1, 3, 7, 18, 19, 23, 30 1 Arizona Grand Resort and Spa NAP NAP NAP NAP NAP NAP NAP
20 Loan 4, 7, 16 1 Centene 100.0% 11/30/2030 NAP NAP NAP NAP NAP
21 Loan 1, 3, 7, 12, 21, 24, 26 1 Grapevine Mills 10.9% 3/24/2029 AMC Theatres 108,733 6.7% 12/31/2024 Fieldhouse USA
22 Loan 27 1 Stop & Shop Elizabeth 100.0% 4/30/2029 NAP NAP NAP NAP NAP
23 Loan   1 Corporate Circle 14.4% 12/31/2027 ADCAP Management Inc. 14,255 11.8% 4/30/2029 Visconsi Companies LTD
24 Loan 7, 16, 19, 25, 33 1 1516 Motor Parkway 100.0% 12/31/2032 NAP NAP NAP NAP NAP
25 Loan 5, 19, 30 1 Spark by Hilton O'Hare NAP NAP NAP NAP NAP NAP NAP
26 Loan   1 1702 West 1st Street NAP NAP NAP NAP NAP NAP NAP
27 Loan 15 1 Airport Business Center 35.4% 6/30/2031 Stout Excavating Group  9,489 27.1% 3/31/2027 Summit BHC San Antonio
28 Loan   1 Burbank Self Storage NAP NAP NAP NAP NAP NAP NAP

 

 A-20 

 

BMO 2024-C10

Annex A

Loan ID Number Loan / Property Flag Footnotes (for Loan and Property Information) # of Properties Property Name 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
                 4, 21, 22, 23, 28         4, 21, 22, 23, 28 
1 Loan 1, 4, 7, 12, 13 1 Newport Centre 144,654 15.0% 1/29/2028 AMC Theatres 45,165 4.7% 1/31/2026 H&M
2 Loan 1, 3, 7, 12, 13, 16, 19, 27, 30 1 The Mall of Victor Valley 49,965 10.4% 1/31/2029 Barnes & Noble 25,221 5.3% 1/31/2025 Candeeland Kids Cafe
3 Loan 6, 7, 12, 16, 17 31 Poindexter Industrial Portfolio                
3.01 Property   1 Ringgold NAP NAP NAP NAP NAP NAP NAP NAP
3.02 Property   1 Laval NAP NAP NAP NAP NAP NAP NAP NAP
3.03 Property   1 Loudon NAP NAP NAP NAP NAP NAP NAP NAP
3.04 Property   1 Salt Lake City NAP NAP NAP NAP NAP NAP NAP NAP
3.05 Property   1 Morgantown NAP NAP NAP NAP NAP NAP NAP NAP
3.06 Property   1 Reading NAP NAP NAP NAP NAP NAP NAP NAP
3.07 Property   1 Orrville NAP NAP NAP NAP NAP NAP NAP NAP
3.08 Property   1 Riverside I NAP NAP NAP NAP NAP NAP NAP NAP
3.09 Property   1 Spring Hill NAP NAP NAP NAP NAP NAP NAP NAP
3.10 Property   1 Janesville NAP NAP NAP NAP NAP NAP NAP NAP
3.11 Property   1 Sturgis II NAP NAP NAP NAP NAP NAP NAP NAP
3.12 Property   1 Denver NAP NAP NAP NAP NAP NAP NAP NAP
3.13 Property   1 Sturgis I NAP NAP NAP NAP NAP NAP NAP NAP
3.14 Property   1 Social Circle NAP NAP NAP NAP NAP NAP NAP NAP
3.15 Property   1 Caldwell NAP NAP NAP NAP NAP NAP NAP NAP
3.16 Property   1 Brenham NAP NAP NAP NAP NAP NAP NAP NAP
3.17 Property   1 Clinton NAP NAP NAP NAP NAP NAP NAP NAP
3.18 Property   1 Ehrenberg NAP NAP NAP NAP NAP NAP NAP NAP
3.19 Property   1 Rydal NAP NAP NAP NAP NAP NAP NAP NAP
3.20 Property   1 Claremore NAP NAP NAP NAP NAP NAP NAP NAP
3.21 Property   1 West Palm Beach NAP NAP NAP NAP NAP NAP NAP NAP
3.22 Property   1 Decatur NAP NAP NAP NAP NAP NAP NAP NAP
3.23 Property   1 North Salt Lake NAP NAP NAP NAP NAP NAP NAP NAP
3.24 Property   1 Ephrata NAP NAP NAP NAP NAP NAP NAP NAP
3.25 Property   1 Nashville NAP NAP NAP NAP NAP NAP NAP NAP
3.26 Property   1 Louisville NAP NAP NAP NAP NAP NAP NAP NAP
3.27 Property   1 Riverside II NAP NAP NAP NAP NAP NAP NAP NAP
3.28 Property   1 Corsicana NAP NAP NAP NAP NAP NAP NAP NAP
3.29 Property   1 Centralia NAP NAP NAP NAP NAP NAP NAP NAP
3.30 Property   1 Indianapolis NAP NAP NAP NAP NAP NAP NAP NAP
3.31 Property   1 Elkhart NAP NAP NAP NAP NAP NAP NAP NAP
4 Loan 15, 23, 30 1 White Oak Village 22,854 5.7% 2/29/2028 PetSmart 20,547 5.2% 2/28/2029 Michael's
5 Loan 5, 6, 10, 12, 13, 16, 19, 24, 25 6 Douglas Dynamics                
5.01 Property   1 Milwaukee 7777 NAP NAP NAP NAP NAP NAP NAP NAP
5.02 Property   1 Rockland NAP NAP NAP NAP NAP NAP NAP NAP
5.03 Property   1 Madison Heights NAP NAP NAP NAP NAP NAP NAP NAP
5.04 Property   1 Manchester NAP NAP NAP NAP NAP NAP NAP NAP
5.05 Property   1 Milwaukee 7676 NAP NAP NAP NAP NAP NAP NAP NAP
5.06 Property   1 Huntley NAP NAP NAP NAP NAP NAP NAP NAP
6 Loan 13, 24, 27 1 South Carolina Industrial NAP NAP NAP NAP NAP NAP NAP NAP
7 Loan 6, 12, 13, 16, 25 3 Sterling Portfolio                
7.01 Property   1 Phoenix NAP NAP NAP NAP NAP NAP NAP NAP
7.02 Property   1 Lufkin NAP NAP NAP NAP NAP NAP NAP NAP
7.03 Property   1 Joliet NAP NAP NAP NAP NAP NAP NAP NAP
8 Loan 7, 26 1 Creekside Town Center 34,456 9.5% 5/31/2032 Nordstrom Rack 32,794 9.1% 8/31/2026 Marshalls
9 Loan 18, 25, 29 1 Diamond Ridge Apartments NAP NAP NAP NAP NAP NAP NAP NAP
10 Loan   1 Bradley Fair NAP NAP NAP NAP NAP NAP NAP NAP
11 Loan 10, 13, 16, 25, 30 1 Tropicale Foods NAP NAP NAP NAP NAP NAP NAP NAP
12 Loan 31 1 Springfield Center 27,891 15.8% 1/31/2030 Michael's 24,866 14.1% 2/28/2026 Barnes & Noble

 

 A-21 

 

BMO 2024-C10

Annex A

Loan ID Number Loan / Property Flag Footnotes (for Loan and Property Information) # of Properties Property Name 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
                         
13 Loan 25, 27 1 Gotham Plaza 5,350 5.8% 1/31/2032 City MD 4,579 4.9% 1/30/2033 Apple Bank
14 Loan 7, 19, 20 1 La Habra Marketplace 44,060 11.8% 6/30/2028 Ross Dress For Less 25,920 7.0% 1/31/2028 Sprouts
15 Loan 3 1 236-244 East 13th Street NAP NAP NAP NAP NAP NAP NAP NAP
16 Loan 25 1 Quail Meadows Apartments NAP NAP NAP NAP NAP NAP NAP NAP
17 Loan 7, 12 1 500 Delaware 47,441 12.8% 10/31/2027 United States Postal Service 33,526 9.0% 1/31/2027 General Services Administration
18 Loan 13, 16, 25 1 Quantix NAP NAP NAP NAP NAP NAP NAP NAP
19 Loan 1, 3, 7, 18, 19, 23, 30 1 Arizona Grand Resort and Spa NAP NAP NAP NAP NAP NAP NAP NAP
20 Loan 4, 7, 16 1 Centene NAP NAP NAP NAP NAP NAP NAP NAP
21 Loan 1, 3, 7, 12, 21, 24, 26 1 Grapevine Mills 106,207 6.5% 1/31/2027 Burlington 100,102 6.1% 1/31/2028 Round 1 Bowling and Amusement
22 Loan 27 1 Stop & Shop Elizabeth NAP NAP NAP NAP NAP NAP NAP NAP
23 Loan   1 Corporate Circle 10,004 8.2% 7/31/2026 Wells Fargo CPG BE #112400 9,156 7.5% 11/30/2030 KeyBank National Association
24 Loan 7, 16, 19, 25, 33 1 1516 Motor Parkway NAP NAP NAP NAP NAP NAP NAP NAP
25 Loan 5, 19, 30 1 Spark by Hilton O'Hare NAP NAP NAP NAP NAP NAP NAP NAP
26 Loan   1 1702 West 1st Street NAP NAP NAP NAP NAP NAP NAP NAP
27 Loan 15 1 Airport Business Center 4,289 12.3% 10/31/2028 Harland Clarke Corp 3,200 9.1% 4/30/2026 NAP
28 Loan   1 Burbank Self Storage NAP NAP NAP NAP NAP NAP NAP NAP

 

 A-22 

 

BMO 2024-C10

Annex A

Loan ID Number Loan / Property Flag Footnotes (for Loan and Property Information) # of Properties Property Name 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
                           
1 Loan 1, 4, 7, 12, 13 1 Newport Centre 26,863 2.8% 1/31/2030 7/18/2024 NAP 7/18/2024 NAP NAP Yes - AE
2 Loan 1, 3, 7, 12, 13, 16, 19, 27, 30 1 The Mall of Victor Valley 10,515 2.2% 11/30/2034 7/3/2024 NAP 7/3/2024 8/13/2024 10% No
3 Loan 6, 7, 12, 16, 17 31 Poindexter Industrial Portfolio                  
3.01 Property   1 Ringgold NAP NAP NAP 8/21/2024 NAP 8/26/2024 NAP NAP No
3.02 Property   1 Laval NAP NAP NAP 8/27/2024 NAP 8/26/2024 NAP NAP No
3.03 Property   1 Loudon NAP NAP NAP 8/21/2024 NAP 8/26/2024 NAP NAP No
3.04 Property   1 Salt Lake City NAP NAP NAP 8/19/2024 NAP 8/26/2024 8/26/2024 10% No
3.05 Property   1 Morgantown NAP NAP NAP 8/26/2024 NAP 8/26/2024 NAP NAP Yes - A
3.06 Property   1 Reading NAP NAP NAP 8/27/2024 NAP 8/26/2024 NAP NAP No
3.07 Property   1 Orrville NAP NAP NAP 8/23/2024 NAP 8/26/2024 NAP NAP No
3.08 Property   1 Riverside I NAP NAP NAP 8/26/2024 NAP 8/26/2024 8/26/2024 14% No
3.09 Property   1 Spring Hill NAP NAP NAP 8/26/2024 NAP 8/26/2024 NAP NAP No
3.10 Property   1 Janesville NAP NAP NAP 8/26/2024 NAP 8/26/2024 NAP NAP No
3.11 Property   1 Sturgis II NAP NAP NAP 8/22/2024 NAP 8/26/2024 NAP NAP No
3.12 Property   1 Denver NAP NAP NAP 8/26/2024 NAP 8/26/2024 NAP NAP No
3.13 Property   1 Sturgis I NAP NAP NAP 8/26/2024 NAP 8/26/2024 NAP NAP No
3.14 Property   1 Social Circle NAP NAP NAP 8/21/2024 NAP 8/26/2024 NAP NAP No
3.15 Property   1 Caldwell NAP NAP NAP 8/26/2024 NAP 8/26/2024 NAP NAP No
3.16 Property   1 Brenham NAP NAP NAP 8/23/2024 NAP 8/26/2024 NAP NAP No
3.17 Property   1 Clinton NAP NAP NAP 8/21/2024 NAP 8/26/2024 NAP NAP No
3.18 Property   1 Ehrenberg NAP NAP NAP 8/23/2024 NAP 8/26/2024 9/3/2024 5% No
3.19 Property   1 Rydal NAP NAP NAP 8/27/2024 NAP 8/26/2024 NAP NAP No
3.20 Property   1 Claremore NAP NAP NAP 8/21/2024 NAP 8/26/2024 NAP NAP No
3.21 Property   1 West Palm Beach NAP NAP NAP 8/26/2024 NAP 8/26/2024 NAP NAP No
3.22 Property   1 Decatur NAP NAP NAP 8/27/2024 NAP 8/26/2024 NAP NAP No
3.23 Property   1 North Salt Lake NAP NAP NAP 8/20/2024 NAP 8/26/2024 8/26/2024 8% No
3.24 Property   1 Ephrata NAP NAP NAP 8/26/2024 NAP 8/26/2024 NAP NAP No
3.25 Property   1 Nashville NAP NAP NAP 8/26/2024 NAP 8/26/2024 NAP NAP No
3.26 Property   1 Louisville NAP NAP NAP 8/26/2024 NAP 8/26/2024 NAP NAP No
3.27 Property   1 Riverside II NAP NAP NAP 8/26/2024 NAP 8/26/2024 NAP NAP No
3.28 Property   1 Corsicana NAP NAP NAP 8/26/2024 NAP 8/26/2024 NAP NAP No
3.29 Property   1 Centralia NAP NAP NAP 8/26/2024 NAP 8/26/2024 8/26/2024 7% No
3.30 Property   1 Indianapolis NAP NAP NAP 8/26/2024 NAP 8/26/2024 NAP NAP No
3.31 Property   1 Elkhart NAP NAP NAP 8/26/2024 NAP 8/26/2024 NAP NAP No
4 Loan 15, 23, 30 1 White Oak Village 20,356 5.1% 7/31/2029 7/24/2024 NAP 7/24/2024 NAP NAP No
5 Loan 5, 6, 10, 12, 13, 16, 19, 24, 25 6 Douglas Dynamics                  
5.01 Property   1 Milwaukee 7777 NAP NAP NAP 9/3/2024 NAP 7/23/2024 NAP NAP No
5.02 Property   1 Rockland NAP NAP NAP 7/25/2024 NAP 7/23/2024 NAP NAP No
5.03 Property   1 Madison Heights NAP NAP NAP 7/23/2024 NAP 7/23/2024 NAP NAP No
5.04 Property   1 Manchester NAP NAP NAP 7/24/2024 NAP 7/23/2024 NAP NAP No
5.05 Property   1 Milwaukee 7676 NAP NAP NAP 9/3/2024 NAP 7/23/2024 NAP NAP No
5.06 Property   1 Huntley NAP NAP NAP 7/23/2024 NAP 7/23/2024 NAP NAP Yes - AE
6 Loan 13, 24, 27 1 South Carolina Industrial NAP NAP NAP 2/1/2024 NAP 2/7/2024 NAP NAP No
7 Loan 6, 12, 13, 16, 25 3 Sterling Portfolio                  
7.01 Property   1 Phoenix NAP NAP NAP 9/11/2024 NAP 9/5/2024 NAP NAP No
7.02 Property   1 Lufkin NAP NAP NAP 9/11/2024 NAP 9/5/2024 NAP NAP Yes - A
7.03 Property   1 Joliet NAP NAP NAP 9/11/2024 NAP 9/11/2024 NAP NAP No
8 Loan 7, 26 1 Creekside Town Center 30,709 8.5% 1/31/2027 8/2/2023 NAP 6/22/2023 9/14/2023 3% No
9 Loan 18, 25, 29 1 Diamond Ridge Apartments NAP NAP NAP 7/22/2024 NAP 7/24/2024 NAP NAP No
10 Loan   1 Bradley Fair NAP NAP NAP 12/21/2023 NAP 11/28/2023 NAP NAP No
11 Loan 10, 13, 16, 25, 30 1 Tropicale Foods NAP NAP NAP 8/28/2024 NAP 8/28/2024 NAP NAP Yes -AE
12 Loan 31 1 Springfield Center 22,320 12.6% 2/28/2035 7/29/2024 NAP 7/29/2024 NAP NAP No

 

 A-23 

 

BMO 2024-C10

Annex A

Loan ID Number Loan / Property Flag Footnotes (for Loan and Property Information) # of Properties Property Name 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
                           
13 Loan 25, 27 1 Gotham Plaza 3,035 3.3% 6/30/2039 6/3/2024 NAP 6/3/2024 NAP NAP No
14 Loan 7, 19, 20 1 La Habra Marketplace 25,252 6.8% 9/30/2034 9/15/2021 NAP 8/19/2021 8/19/2021 10% No
15 Loan 3 1 236-244 East 13th Street NAP NAP NAP 9/17/2024 NAP 9/17/2024 NAP NAP No
16 Loan 25 1 Quail Meadows Apartments NAP NAP NAP 7/24/2024 NAP 7/24/2024 NAP NAP No
17 Loan 7, 12 1 500 Delaware 25,684 6.9% 8/25/2026 3/8/2022 NAP 3/8/2022 NAP NAP No
18 Loan 13, 16, 25 1 Quantix NAP NAP NAP 4/3/2024 NAP 7/22/2024 NAP NAP Yes - AE
19 Loan 1, 3, 7, 18, 19, 23, 30 1 Arizona Grand Resort and Spa NAP NAP NAP 7/12/2024 NAP 6/24/2024 NAP NAP Yes - A
20 Loan 4, 7, 16 1 Centene NAP NAP NAP 3/5/2021 NAP 3/5/2021 NAP NAP Yes - AH
21 Loan 1, 3, 7, 12, 21, 24, 26 1 Grapevine Mills 80,649 5.0% 1/31/2027 5/21/2024 NAP 5/21/2024 NAP NAP No
22 Loan 27 1 Stop & Shop Elizabeth NAP NAP NAP 8/7/2024 NAP 8/7/2024 NAP NAP No
23 Loan   1 Corporate Circle 9,094 7.5% 11/13/2029 8/2/2024 NAP 8/2/2024 NAP NAP No
24 Loan 7, 16, 19, 25, 33 1 1516 Motor Parkway NAP NAP NAP 9/8/2021 NAP 8/30/2021 NAP NAP No
25 Loan 5, 19, 30 1 Spark by Hilton O'Hare NAP NAP NAP 8/22/2024 NAP 8/22/2024 NAP NAP No
26 Loan   1 1702 West 1st Street NAP NAP NAP 8/13/2024 NAP 8/13/2024 NAP NAP No
27 Loan 15 1 Airport Business Center NAP NAP NAP 9/6/2024 NAP 9/6/2024 NAP NAP No
28 Loan   1 Burbank Self Storage NAP NAP NAP 8/19/2024 NAP 8/19/2024 8/19/2024 13% No

 

 A-24 

 

BMO 2024-C10

Annex A

Loan ID Number Loan / Property Flag Footnotes (for Loan and Property Information) # of Properties Property Name 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 ($)
          17         18 19 18 19
1 Loan 1, 4, 7, 12, 13 1 Newport Centre Fee NAP NAP  NAP  NAP 0 Springing 0 Springing
2 Loan 1, 3, 7, 12, 13, 16, 19, 27, 30 1 The Mall of Victor Valley Fee NAP NAP  NAP  NAP 0 Springing 0 Springing
3 Loan 6, 7, 12, 16, 17 31 Poindexter Industrial Portfolio            0 Springing 0 Springing
3.01 Property   1 Ringgold Fee NAP NAP  NAP  NAP        
3.02 Property   1 Laval Fee NAP NAP  NAP  NAP        
3.03 Property   1 Loudon Fee NAP NAP  NAP  NAP        
3.04 Property   1 Salt Lake City Fee NAP NAP  NAP  NAP        
3.05 Property   1 Morgantown Fee NAP NAP  NAP  NAP        
3.06 Property   1 Reading Fee NAP NAP  NAP  NAP        
3.07 Property   1 Orrville Fee NAP NAP  NAP  NAP        
3.08 Property   1 Riverside I Fee NAP NAP  NAP  NAP        
3.09 Property   1 Spring Hill Fee NAP NAP  NAP  NAP        
3.10 Property   1 Janesville Fee NAP NAP  NAP  NAP        
3.11 Property   1 Sturgis II Fee NAP NAP  NAP  NAP        
3.12 Property   1 Denver Fee NAP NAP  NAP  NAP        
3.13 Property   1 Sturgis I Fee NAP NAP  NAP  NAP        
3.14 Property   1 Social Circle Fee NAP NAP  NAP  NAP        
3.15 Property   1 Caldwell Fee NAP NAP  NAP  NAP        
3.16 Property   1 Brenham Fee NAP NAP  NAP  NAP        
3.17 Property   1 Clinton Fee NAP NAP  NAP  NAP        
3.18 Property   1 Ehrenberg Fee NAP NAP  NAP  NAP        
3.19 Property   1 Rydal Fee NAP NAP  NAP  NAP        
3.20 Property   1 Claremore Fee NAP NAP  NAP  NAP        
3.21 Property   1 West Palm Beach Fee NAP NAP  NAP  NAP        
3.22 Property   1 Decatur Fee NAP NAP  NAP  NAP        
3.23 Property   1 North Salt Lake Fee NAP NAP  NAP  NAP        
3.24 Property   1 Ephrata Fee NAP NAP  NAP  NAP        
3.25 Property   1 Nashville Fee NAP NAP  NAP  NAP        
3.26 Property   1 Louisville Fee NAP NAP  NAP  NAP        
3.27 Property   1 Riverside II Fee NAP NAP  NAP  NAP        
3.28 Property   1 Corsicana Fee NAP NAP  NAP  NAP        
3.29 Property   1 Centralia Fee NAP NAP  NAP  NAP        
3.30 Property   1 Indianapolis Fee NAP NAP  NAP  NAP        
3.31 Property   1 Elkhart Fee NAP NAP  NAP  NAP        
4 Loan 15, 23, 30 1 White Oak Village Fee NAP NAP  NAP  NAP 325,047 46,435 0 Springing
5 Loan 5, 6, 10, 12, 13, 16, 19, 24, 25 6 Douglas Dynamics            0 Springing 0 Springing
5.01 Property   1 Milwaukee 7777 Fee NAP NAP  NAP  NAP        
5.02 Property   1 Rockland Fee NAP NAP  NAP  NAP        
5.03 Property   1 Madison Heights Fee NAP NAP  NAP  NAP        
5.04 Property   1 Manchester Fee NAP NAP  NAP  NAP        
5.05 Property   1 Milwaukee 7676 Fee NAP NAP  NAP  NAP        
5.06 Property   1 Huntley Fee NAP NAP  NAP  NAP        
6 Loan 13, 24, 27 1 South Carolina Industrial Fee NAP NAP  NAP  NAP 0 Springing 0 Springing
7 Loan 6, 12, 13, 16, 25 3 Sterling Portfolio            0 Springing 0 Springing
7.01 Property   1 Phoenix Fee NAP NAP  NAP  NAP        
7.02 Property   1 Lufkin Fee NAP NAP  NAP  NAP        
7.03 Property   1 Joliet Fee NAP NAP  NAP  NAP        
8 Loan 7, 26 1 Creekside Town Center Fee NAP NAP  NAP  NAP 104,378 104,378 20,555 20,555
9 Loan 18, 25, 29 1 Diamond Ridge Apartments Fee NAP NAP  NAP  NAP 563,117 70,390 73,938 14,057
10 Loan   1 Bradley Fair Fee NAP NAP  NAP  NAP 0 0 0 0
11 Loan 10, 13, 16, 25, 30 1 Tropicale Foods Fee NAP NAP  NAP  NAP 0 Springing 0 Springing
12 Loan 31 1 Springfield Center Fee NAP NAP  NAP  NAP 286,122 47,687 0 Springing

 

 A-25 

 

BMO 2024-C10

Annex A

Loan ID Number Loan / Property Flag Footnotes (for Loan and Property Information) # of Properties Property Name 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 ($)
                           
13 Loan 25, 27 1 Gotham Plaza Fee NAP NAP  NAP  NAP 186,574 62,191 0 Springing
14 Loan 7, 19, 20 1 La Habra Marketplace Fee NAP NAP  NAP  NAP 0 111,540 0 Springing
15 Loan 3 1 236-244 East 13th Street Fee NAP NAP  NAP  NAP 0 58,673 0 Springing
16 Loan 25 1 Quail Meadows Apartments Fee NAP NAP  NAP  NAP 235,133 26,126 57,665 10,131
17 Loan 7, 12 1 500 Delaware Fee NAP NAP  NAP  NAP 831,885 108,403 0 Springing
18 Loan 13, 16, 25 1 Quantix Fee NAP NAP  NAP  NAP 0 Springing 0 Springing
19 Loan 1, 3, 7, 18, 19, 23, 30 1 Arizona Grand Resort and Spa Fee / Leasehold 7/30/2057 None 100 No 0 Springing 0 Springing
20 Loan 4, 7, 16 1 Centene Fee NAP NAP  NAP  NAP 452,320 64,617 48,840 24,420
21 Loan 1, 3, 7, 12, 21, 24, 26 1 Grapevine Mills Fee NAP NAP  NAP  NAP 0 Springing 0 Springing
22 Loan 27 1 Stop & Shop Elizabeth Fee NAP NAP  NAP  NAP 0 Springing 0 Springing
23 Loan   1 Corporate Circle Fee NAP NAP  NAP  NAP 157,069 39,267 0 Springing
24 Loan 7, 16, 19, 25, 33 1 1516 Motor Parkway Fee NAP NAP  NAP  NAP 0 Springing 0 Springing
25 Loan 5, 19, 30 1 Spark by Hilton O'Hare Fee NAP NAP  NAP  NAP 140,729 35,182 91,152 7,012
26 Loan   1 1702 West 1st Street Fee NAP NAP  NAP  NAP 86,900 12,700 32,227 3,227
27 Loan 15 1 Airport Business Center Fee NAP NAP  NAP  NAP 119,365 9,947 0 Springing
28 Loan   1 Burbank Self Storage Fee NAP NAP  NAP  NAP 14,461 1,607 6,097 871

 

 A-26 

 

BMO 2024-C10

Annex A

Loan ID Number Loan / Property Flag Footnotes (for Loan and Property Information) # of Properties Property Name  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 ($)
          18 19 20 18 19 20 18 19 20
1 Loan 1, 4, 7, 12, 13 1 Newport Centre 0 Springing 0 0 Springing 0 0 0 0
2 Loan 1, 3, 7, 12, 13, 16, 19, 27, 30 1 The Mall of Victor Valley 0 Springing 191,704 0 Springing 958,522 0 0 0
3 Loan 6, 7, 12, 16, 17 31 Poindexter Industrial Portfolio 0 Springing 0 0 Springing 0 0 0 0
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 15, 23, 30 1 White Oak Village 250,000 Springing 250,000 1,250,000 Springing 1,250,000 0 0 0
5 Loan 5, 6, 10, 12, 13, 16, 19, 24, 25 6 Douglas Dynamics 0 Springing 13,193 0 Springing 65,965 0 0 0
5.01 Property   1 Milwaukee 7777                  
5.02 Property   1 Rockland                  
5.03 Property   1 Madison Heights                  
5.04 Property   1 Manchester                  
5.05 Property   1 Milwaukee 7676                  
5.06 Property   1 Huntley                  
6 Loan 13, 24, 27 1 South Carolina Industrial 0 0 0 0 0 0 0 0 0
7 Loan 6, 12, 13, 16, 25 3 Sterling Portfolio 0 Springing 0 0 0 0 0 0 0
7.01 Property   1 Phoenix                  
7.02 Property   1 Lufkin                  
7.03 Property   1 Joliet                  
8 Loan 7, 26 1 Creekside Town Center 0 0 0 2,500,000 Springing 1,500,000 0 0 0
9 Loan 18, 25, 29 1 Diamond Ridge Apartments 0 10,417 0 0 0 0 0 0 0
10 Loan   1 Bradley Fair 0 0 0 0 0 0 474,420 0 0
11 Loan 10, 13, 16, 25, 30 1 Tropicale Foods 0 Springing 3,500 0 Springing 17,502 0 0 0
12 Loan 31 1 Springfield Center 0 2,209 0 0 8,099 500,000 0 0 0

 

 A-27 

 

BMO 2024-C10

Annex A

Loan ID Number Loan / Property Flag Footnotes (for Loan and Property Information) # of Properties Property Name  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 ($)
                           
13 Loan 25, 27 1 Gotham Plaza 0 1,544 0 1,300,000 Springing 1,000,000 0 0 0
14 Loan 7, 19, 20 1 La Habra Marketplace 0 5,983 1,250,000 3,250,000 29,917 1,250,000 0 0 0
15 Loan 3 1 236-244 East 13th Street 0 1,453 0 0 350 0 0 0 0
16 Loan 25 1 Quail Meadows Apartments 0 7,417 0 0 0 0 0 0 0
17 Loan 7, 12 1 500 Delaware 0 7,734 464,040 2,779,031 46,403 3,000,000 0 0 0
18 Loan 13, 16, 25 1 Quantix 0 Springing 0 0 0 0 0 0 0
19 Loan 1, 3, 7, 18, 19, 23, 30 1 Arizona Grand Resort and Spa 0 3.0% of Gross Revenue 0 0 0 0 0 Springing 0
20 Loan 4, 7, 16 1 Centene 0 0 0 0 0 0 0 0 0
21 Loan 1, 3, 7, 12, 21, 24, 26 1 Grapevine Mills 0 Springing 0 0 241,846 5,804,300 0 0 0
22 Loan 27 1 Stop & Shop Elizabeth 0 0 0 0 0 0 126,427 0 0
23 Loan   1 Corporate Circle 0 2,022 0 0 10,110 0 0 0 0
24 Loan 7, 16, 19, 25, 33 1 1516 Motor Parkway 0 Springing 0 0 Springing 0 0 0 0
25 Loan 5, 19, 30 1 Spark by Hilton O'Hare 0 Springing 0 0 0 0 0 0 0
26 Loan   1 1702 West 1st Street 875 875 0 0 0 0 0 0 0
27 Loan 15 1 Airport Business Center 467 467 0 200,000 Springing 100,000 0 0 0
28 Loan   1 Burbank Self Storage 0 0 0 0 0 0 0 0 0

 

 A-28 

 

BMO 2024-C10

Annex A

Loan ID Number Loan / Property Flag Footnotes (for Loan and Property Information) # of Properties Property Name  Upfront Deferred Maintenance Reserve ($)  Upfront Other Reserve ($) Monthly Other Reserve ($)  Other Reserve Description 
          18 18 19  
1 Loan 1, 4, 7, 12, 13 1 Newport Centre 0 0 0  
2 Loan 1, 3, 7, 12, 13, 16, 19, 27, 30 1 The Mall of Victor Valley 0 167,463 0 Outstanding TI/LC Reserve
3 Loan 6, 7, 12, 16, 17 31 Poindexter Industrial Portfolio 0 0 0  
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 15, 23, 30 1 White Oak Village 0 1,692,199 0 Existing TI/LC Reserve (Upfront: $1,660,826), Rent Concession Reserve (Upfront: $31,373)
5 Loan 5, 6, 10, 12, 13, 16, 19, 24, 25 6 Douglas Dynamics 0 0 0  
5.01 Property   1 Milwaukee 7777        
5.02 Property   1 Rockland        
5.03 Property   1 Madison Heights        
5.04 Property   1 Manchester        
5.05 Property   1 Milwaukee 7676        
5.06 Property   1 Huntley        
6 Loan 13, 24, 27 1 South Carolina Industrial 0 0 Springing Low DSCR Cure Reserve (Monthly: Springing), Partial Release Reserve (Monthly: Springing), MycoWorks LOC Reserve
(Monthly: Springing)
7 Loan 6, 12, 13, 16, 25 3 Sterling Portfolio 0 0 0  
7.01 Property   1 Phoenix        
7.02 Property   1 Lufkin        
7.03 Property   1 Joliet        
8 Loan 7, 26 1 Creekside Town Center 0 185,505 Springing Outstanding TI/LC Reserve (Upfront: $185,505.15), DSCR Trigger Reserve (Monthly: Springing)
9 Loan 18, 25, 29 1 Diamond Ridge Apartments 47,180 2,500,000 0 Performance Reserve
10 Loan   1 Bradley Fair 0 0 0  
11 Loan 10, 13, 16, 25, 30 1 Tropicale Foods 0 0 0  
12 Loan 31 1 Springfield Center 458,763 0 0  

 

 A-29 

 

BMO 2024-C10

Annex A

Loan ID Number Loan / Property Flag Footnotes (for Loan and Property Information) # of Properties Property Name  Upfront Deferred Maintenance Reserve ($)  Upfront Other Reserve ($) Monthly Other Reserve ($)  Other Reserve Description 
                 
13 Loan 25, 27 1 Gotham Plaza 0 8,135,870 Springing Earnout Reserve (Upfront: $5,000,000), Outstanding TI/LC Reserve (Upfront: $2,440,000), Rent Replication Reserve (Upfront:
$606,385.54), Taco Bell Reserve (Upfront: $89,484), Lease Sweep Reserve (Monthly: Springing)
14 Loan 7, 19, 20 1 La Habra Marketplace 0 0 0  
15 Loan 3 1 236-244 East 13th Street 0 0 0  
16 Loan 25 1 Quail Meadows Apartments 377,230 0 0  
17 Loan 7, 12 1 500 Delaware 0 0 0  
18 Loan 13, 16, 25 1 Quantix 0 0 0  
19 Loan 1, 3, 7, 18, 19, 23, 30 1 Arizona Grand Resort and Spa 0 650,000 Springing Seasonal Working Capital Reserve (Upfront: $650,000, Monthly: Springing, Cap: $3,250,000), Custodial Funds and Hotel Tax
Reserve (Monthly: Springing), Refundable Advance Payments Reserve (Monthly: Springing), PIP Reserve (Monthly: Springing)
20 Loan 4, 7, 16 1 Centene 0 0 0  
21 Loan 1, 3, 7, 12, 21, 24, 26 1 Grapevine Mills 0 0 0  
22 Loan 27 1 Stop & Shop Elizabeth 0 0 0  
23 Loan   1 Corporate Circle 0 0 Springing Low Debt Yield Cure Reserve
24 Loan 7, 16, 19, 25, 33 1 1516 Motor Parkway 0 475,000 5,928 Debt Service Supplement Reserve
25 Loan 5, 19, 30 1 Spark by Hilton O'Hare 0 2,255,340 0 PIP Reserve ($1,255,340), Economic Performance Reserve ($1,000,000)
26 Loan   1 1702 West 1st Street 0 0 0  
27 Loan 15 1 Airport Business Center 0 14,206 0 Rent Concession Reserve
28 Loan   1 Burbank Self Storage 0 0 0  

 

 A-30 

 

BMO 2024-C10

Annex A

Loan ID Number Loan / Property Flag Footnotes (for Loan and Property Information) # of Properties Property Name Other Reserve Cap ($) Holdback/ Earnout Amount ($) Holdback/ Earnout Description
          20 18 18
1 Loan 1, 4, 7, 12, 13 1 Newport Centre 0 NAP NAP
2 Loan 1, 3, 7, 12, 13, 16, 19, 27, 30 1 The Mall of Victor Valley 0 NAP NAP
3 Loan 6, 7, 12, 16, 17 31 Poindexter Industrial Portfolio 0 NAP NAP
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 15, 23, 30 1 White Oak Village 0 NAP NAP
5 Loan 5, 6, 10, 12, 13, 16, 19, 24, 25 6 Douglas Dynamics 0 NAP NAP
5.01 Property   1 Milwaukee 7777      
5.02 Property   1 Rockland      
5.03 Property   1 Madison Heights      
5.04 Property   1 Manchester      
5.05 Property   1 Milwaukee 7676      
5.06 Property   1 Huntley      
6 Loan 13, 24, 27 1 South Carolina Industrial 0 NAP NAP
7 Loan 6, 12, 13, 16, 25 3 Sterling Portfolio 0 NAP NAP
7.01 Property   1 Phoenix      
7.02 Property   1 Lufkin      
7.03 Property   1 Joliet      
8 Loan 7, 26 1 Creekside Town Center 0 NAP NAP
9 Loan 18, 25, 29 1 Diamond Ridge Apartments 0 2,500,000 $2,500,000 deposited into the Economic Holdback Reserve to be distributed to the borrower upon certain conditions
in the loan agreement
10 Loan   1 Bradley Fair 0 NAP NAP
11 Loan 10, 13, 16, 25, 30 1 Tropicale Foods 0 NAP NAP
12 Loan 31 1 Springfield Center 0 NAP NAP

 

 A-31 

 

BMO 2024-C10

Annex A

Loan ID Number Loan / Property Flag Footnotes (for Loan and Property Information) # of Properties Property Name Other Reserve Cap ($) Holdback/ Earnout Amount ($) Holdback/ Earnout Description
               
13 Loan 25, 27 1 Gotham Plaza 0 5,000,000 $5,000,000 deposited into the Earnout Reserve to be distributed to the borrower upon certain conditions in the loan
agreement
14 Loan 7, 19, 20 1 La Habra Marketplace 0 NAP NAP
15 Loan 3 1 236-244 East 13th Street 0 NAP NAP
16 Loan 25 1 Quail Meadows Apartments 0 NAP NAP
17 Loan 7, 12 1 500 Delaware 0 NAP NAP
18 Loan 13, 16, 25 1 Quantix 0 NAP NAP
19 Loan 1, 3, 7, 18, 19, 23, 30 1 Arizona Grand Resort and Spa Seasonal Working Capital Reserve ($3,250,000) NAP NAP
20 Loan 4, 7, 16 1 Centene 0 NAP NAP
21 Loan 1, 3, 7, 12, 21, 24, 26 1 Grapevine Mills 0 NAP NAP
22 Loan 27 1 Stop & Shop Elizabeth 0 NAP NAP
23 Loan   1 Corporate Circle 0 NAP NAP
24 Loan 7, 16, 19, 25, 33 1 1516 Motor Parkway 0 NAP NAP
25 Loan 5, 19, 30 1 Spark by Hilton O'Hare 0 NAP NAP
26 Loan   1 1702 West 1st Street 0 NAP NAP
27 Loan 15 1 Airport Business Center 0 NAP NAP
28 Loan   1 Burbank Self Storage 0 NAP NAP

 

 A-32 

 

BMO 2024-C10

Annex A

Loan ID Number Loan / Property Flag Footnotes (for Loan and Property Information) # of Properties Property Name 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 ($)
          26 26          
1 Loan 1, 4, 7, 12, 13 1 Newport Centre Hard Springing Yes Yes Yes No 60,000,000
2 Loan 1, 3, 7, 12, 13, 16, 19, 27, 30 1 The Mall of Victor Valley Hard Springing Yes No Yes Yes 60,000,000
3 Loan 6, 7, 12, 16, 17 31 Poindexter Industrial Portfolio Hard Springing Yes Yes Yes No 54,070,000
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 15, 23, 30 1 White Oak Village Springing Springing Yes Yes No NAP NAP
5 Loan 5, 6, 10, 12, 13, 16, 19, 24, 25 6 Douglas Dynamics Hard Springing No Yes No NAP NAP
5.01 Property   1 Milwaukee 7777              
5.02 Property   1 Rockland              
5.03 Property   1 Madison Heights              
5.04 Property   1 Manchester              
5.05 Property   1 Milwaukee 7676              
5.06 Property   1 Huntley              
6 Loan 13, 24, 27 1 South Carolina Industrial Hard In Place Yes Yes No NAP NAP
7 Loan 6, 12, 13, 16, 25 3 Sterling Portfolio Hard Springing Yes Yes No NAP NAP
7.01 Property   1 Phoenix              
7.02 Property   1 Lufkin              
7.03 Property   1 Joliet              
8 Loan 7, 26 1 Creekside Town Center Springing Springing Yes No Yes Yes 36,525,000
9 Loan 18, 25, 29 1 Diamond Ridge Apartments Springing Springing Yes No No NAP NAP
10 Loan   1 Bradley Fair Hard In Place No No No NAP NAP
11 Loan 10, 13, 16, 25, 30 1 Tropicale Foods Hard Springing No Yes No NAP NAP
12 Loan 31 1 Springfield Center Hard Springing Yes Yes No NAP NAP

 

 A-33 

 

BMO 2024-C10

Annex A

Loan ID Number Loan / Property Flag Footnotes (for Loan and Property Information) # of Properties Property Name 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 ($)
                       
13 Loan 25, 27 1 Gotham Plaza Hard Springing Yes Yes No NAP NAP
14 Loan 7, 19, 20 1 La Habra Marketplace Soft Springing Yes Yes Yes No 25,000,000
15 Loan 3 1 236-244 East 13th Street Soft (Residential); Hard (Commercial) Springing Yes No No NAP NAP
16 Loan 25 1 Quail Meadows Apartments Springing Springing Yes No No NAP NAP
17 Loan 7, 12 1 500 Delaware Hard Springing Yes Yes Yes No 20,000,000
18 Loan 13, 16, 25 1 Quantix Hard Springing Yes Yes No NAP NAP
19 Loan 1, 3, 7, 18, 19, 23, 30 1 Arizona Grand Resort and Spa Hard Springing Yes No Yes No 17,000,000
20 Loan 4, 7, 16 1 Centene Springing Springing Yes Yes Yes No 15,600,000
21 Loan 1, 3, 7, 12, 21, 24, 26 1 Grapevine Mills Hard Springing Yes No Yes No 15,500,000
22 Loan 27 1 Stop & Shop Elizabeth Hard In Place Yes Yes No NAP NAP
23 Loan   1 Corporate Circle Hard Springing Yes No No NAP NAP
24 Loan 7, 16, 19, 25, 33 1 1516 Motor Parkway Springing Springing Yes Yes Yes No 9,100,000
25 Loan 5, 19, 30 1 Spark by Hilton O'Hare Springing Springing Yes No No NAP NAP
26 Loan   1 1702 West 1st Street Springing Springing Yes No No NAP NAP
27 Loan 15 1 Airport Business Center Springing Springing Yes Yes No NAP NAP
28 Loan   1 Burbank Self Storage Springing Springing No No No NAP NAP

 

 A-34 

 

BMO 2024-C10

Annex A

Loan ID Number Loan / Property Flag Footnotes (for Loan and Property Information) # of Properties Property Name 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 ($)
            9 9      
1 Loan 1, 4, 7, 12, 13 1 Newport Centre 128,000,000 588,001.49 863,627.18 NAP NAP 188,000,000
2 Loan 1, 3, 7, 12, 13, 16, 19, 27, 30 1 The Mall of Victor Valley 25,000,000 142,007.81 482,826.56 NAP NAP 85,000,000
3 Loan 6, 7, 12, 16, 17 31 Poindexter Industrial Portfolio 85,000,000 405,766.78 663,882.19 NAP NAP 139,070,000
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 15, 23, 30 1 White Oak Village NAP NAP NAP NAP NAP NAP
5 Loan 5, 6, 10, 12, 13, 16, 19, 24, 25 6 Douglas Dynamics NAP NAP NAP NAP NAP NAP
5.01 Property   1 Milwaukee 7777            
5.02 Property   1 Rockland            
5.03 Property   1 Madison Heights            
5.04 Property   1 Manchester            
5.05 Property   1 Milwaukee 7676            
5.06 Property   1 Huntley            
6 Loan 13, 24, 27 1 South Carolina Industrial NAP NAP NAP NAP NAP NAP
7 Loan 6, 12, 13, 16, 25 3 Sterling Portfolio NAP NAP NAP NAP NAP NAP
7.01 Property   1 Phoenix            
7.02 Property   1 Lufkin            
7.03 Property   1 Joliet            
8 Loan 7, 26 1 Creekside Town Center 35,000,000 215,282.41 439,944.98 NAP NAP 71,525,000
9 Loan 18, 25, 29 1 Diamond Ridge Apartments NAP NAP NAP NAP NAP NAP
10 Loan   1 Bradley Fair NAP NAP NAP NAP NAP NAP
11 Loan 10, 13, 16, 25, 30 1 Tropicale Foods NAP NAP NAP NAP NAP NAP
12 Loan 31 1 Springfield Center NAP NAP NAP NAP NAP NAP

 

 A-35 

 

BMO 2024-C10

Annex A

Loan ID Number Loan / Property Flag Footnotes (for Loan and Property Information) # of Properties Property Name 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 ($)
                     
13 Loan 25, 27 1 Gotham Plaza NAP NAP NAP NAP NAP NAP
14 Loan 7, 19, 20 1 La Habra Marketplace 70,000,000 218,831.01 296,984.95 NAP NAP 95,000,000
15 Loan 3 1 236-244 East 13th Street NAP NAP NAP NAP NAP NAP
16 Loan 25 1 Quail Meadows Apartments NAP NAP NAP NAP NAP NAP
17 Loan 7, 12 1 500 Delaware 65,000,000 265,807.87 347,594.91 NAP NAP 85,000,000
18 Loan 13, 16, 25 1 Quantix NAP NAP NAP NAP NAP NAP
19 Loan 1, 3, 7, 18, 19, 23, 30 1 Arizona Grand Resort and Spa 108,000,000 506,437.50 586,154.51 NAP NAP 125,000,000
20 Loan 4, 7, 16 1 Centene 31,200,000 90,023.19 135,034.79 NAP NAP 46,800,000
21 Loan 1, 3, 7, 12, 21, 24, 26 1 Grapevine Mills 234,500,000 1,241,091.25 1,323,125.00 NAP NAP 250,000,000
22 Loan 27 1 Stop & Shop Elizabeth NAP NAP NAP NAP NAP NAP
23 Loan   1 Corporate Circle NAP NAP NAP NAP NAP NAP
24 Loan 7, 16, 19, 25, 33 1 1516 Motor Parkway 9,100,000 26,833.42 53,666.83 NAP NAP 18,200,000
25 Loan 5, 19, 30 1 Spark by Hilton O'Hare NAP NAP NAP NAP NAP NAP
26 Loan   1 1702 West 1st Street NAP NAP NAP NAP NAP NAP
27 Loan 15 1 Airport Business Center NAP NAP NAP NAP NAP NAP
28 Loan   1 Burbank Self Storage NAP NAP NAP NAP NAP NAP

 

 A-36 

 

BMO 2024-C10

Annex A

Loan ID Number Loan / Property Flag Footnotes (for Loan and Property Information) # of Properties Property Name 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 (%)
          9   14     13   9  
1 Loan 1, 4, 7, 12, 13 1 Newport Centre 863,627.18 43.0% 2.66 15.3% NAP NAP NAP NAP NAP
2 Loan 1, 3, 7, 12, 13, 16, 19, 27, 30 1 The Mall of Victor Valley 482,826.56 59.4% 2.10 15.0% NAP NAP NAP NAP NAP
3 Loan 6, 7, 12, 16, 17 31 Poindexter Industrial Portfolio 663,882.19 39.9% 2.62 15.0% NAP NAP NAP NAP NAP
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 15, 23, 30 1 White Oak Village NAP NAP NAP NAP NAP NAP NAP NAP NAP
5 Loan 5, 6, 10, 12, 13, 16, 19, 24, 25 6 Douglas Dynamics NAP NAP NAP NAP NAP NAP NAP NAP NAP
5.01 Property   1 Milwaukee 7777                  
5.02 Property   1 Rockland                  
5.03 Property   1 Madison Heights                  
5.04 Property   1 Manchester                  
5.05 Property   1 Milwaukee 7676                  
5.06 Property   1 Huntley                  
6 Loan 13, 24, 27 1 South Carolina Industrial NAP NAP NAP NAP 10,000,000 14.00000% 50,000,000 406,034.96 65.3%
7 Loan 6, 12, 13, 16, 25 3 Sterling Portfolio NAP NAP NAP NAP NAP NAP NAP NAP NAP
7.01 Property   1 Phoenix                  
7.02 Property   1 Lufkin                  
7.03 Property   1 Joliet                  
8 Loan 7, 26 1 Creekside Town Center 439,944.98 56.9% 1.52 11.3% NAP NAP NAP NAP NAP
9 Loan 18, 25, 29 1 Diamond Ridge Apartments NAP NAP NAP NAP NAP NAP NAP NAP NAP
10 Loan   1 Bradley Fair NAP NAP NAP NAP NAP NAP NAP NAP NAP
11 Loan 10, 13, 16, 25, 30 1 Tropicale Foods NAP NAP NAP NAP NAP NAP NAP NAP NAP
12 Loan 31 1 Springfield Center NAP NAP NAP NAP NAP NAP NAP NAP NAP

 

 A-37 

 

BMO 2024-C10

Annex A

Loan ID Number Loan / Property Flag Footnotes (for Loan and Property Information) # of Properties Property Name 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 (%)
                           
13 Loan 25, 27 1 Gotham Plaza NAP NAP NAP NAP NAP NAP NAP NAP NAP
14 Loan 7, 19, 20 1 La Habra Marketplace 296,984.95 62.1% 2.33 8.9% NAP NAP NAP NAP NAP
15 Loan 3 1 236-244 East 13th Street NAP NAP NAP NAP NAP NAP NAP NAP NAP
16 Loan 25 1 Quail Meadows Apartments NAP NAP NAP NAP NAP NAP NAP NAP NAP
17 Loan 7, 12 1 500 Delaware 347,594.91 67.6% 2.02 10.1% NAP NAP NAP NAP NAP
18 Loan 13, 16, 25 1 Quantix NAP NAP NAP NAP NAP NAP NAP NAP NAP
19 Loan 1, 3, 7, 18, 19, 23, 30 1 Arizona Grand Resort and Spa 586,154.51 39.2% 3.76 24.2% NAP NAP NAP NAP NAP
20 Loan 4, 7, 16 1 Centene 135,034.79 59.5% 2.47 8.9% NAP NAP NAP NAP NAP
21 Loan 1, 3, 7, 12, 21, 24, 26 1 Grapevine Mills 1,323,125.00 45.6% 2.68 18.0% NAP NAP NAP NAP NAP
22 Loan 27 1 Stop & Shop Elizabeth NAP NAP NAP NAP NAP NAP NAP NAP NAP
23 Loan   1 Corporate Circle NAP NAP NAP NAP NAP NAP NAP NAP NAP
24 Loan 7, 16, 19, 25, 33 1 1516 Motor Parkway 53,666.83 67.7% 2.39 8.6% NAP NAP NAP NAP NAP
25 Loan 5, 19, 30 1 Spark by Hilton O'Hare NAP NAP NAP NAP NAP NAP NAP NAP NAP
26 Loan   1 1702 West 1st Street NAP NAP NAP NAP NAP NAP NAP NAP NAP
27 Loan 15 1 Airport Business Center NAP NAP NAP NAP NAP NAP NAP NAP NAP
28 Loan   1 Burbank Self Storage NAP NAP NAP NAP NAP NAP NAP NAP NAP

 

 A-38 

 

BMO 2024-C10

Annex A

Loan ID Number Loan / Property Flag Footnotes (for Loan and Property Information) # of Properties Property Name Total Debt Underwritten NCF DSCR (x) Total Debt Underwritten NOI Debt Yield (%) Future Additional Debt Permitted (Y/N) Future Debt Permitted Type Sponsor
          14   13 13  
1 Loan 1, 4, 7, 12, 13 1 Newport Centre NAP NAP No NAP LF Newport Jersey Limited Partnership and Simon Newport Limited Partnership
2 Loan 1, 3, 7, 12, 13, 16, 19, 27, 30 1 The Mall of Victor Valley NAP NAP No NAP The Macerich Partnership, L.P.
3 Loan 6, 7, 12, 16, 17 31 Poindexter Industrial Portfolio NAP NAP No NAP J.B. Poindexter & Co., Inc.
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 15, 23, 30 1 White Oak Village NAP NAP No NAP Robert V. Gothier, Jr. and Mark X. DiSanto
5 Loan 5, 6, 10, 12, 13, 16, 19, 24, 25 6 Douglas Dynamics NAP NAP Yes Future Mezzanine Loan Angelo, Gordon & Co., L.P. and TPG, Inc.
5.01 Property   1 Milwaukee 7777          
5.02 Property   1 Rockland          
5.03 Property   1 Madison Heights          
5.04 Property   1 Manchester          
5.05 Property   1 Milwaukee 7676          
5.06 Property   1 Huntley          
6 Loan 13, 24, 27 1 South Carolina Industrial 1.12 11.0% No NAP Philip W. Cyburt and Spencer C. Atkins
7 Loan 6, 12, 13, 16, 25 3 Sterling Portfolio NAP NAP Yes Future Mezzanine Loan Angelo, Gordon & Co., L.P. and TPG, Inc.
7.01 Property   1 Phoenix          
7.02 Property   1 Lufkin          
7.03 Property   1 Joliet          
8 Loan 7, 26 1 Creekside Town Center NAP NAP No NAP Cane Living Trust Dated February 17, 1981 and The Ronald and Mary Ellen Cane 1996 Irrevocable Trust
9 Loan 18, 25, 29 1 Diamond Ridge Apartments NAP NAP No NAP Gary W. Gates, Jr.
10 Loan   1 Bradley Fair NAP NAP No NAP SDM Holdings LLC
11 Loan 10, 13, 16, 25, 30 1 Tropicale Foods NAP NAP Yes Future Mezzanine Loan Angelo, Gordon & Co., L.P. and TPG, Inc.
12 Loan 31 1 Springfield Center NAP NAP No NAP Joseph R. Staugaard, III, Samuel M.V. Hamilton, III and Brian D. Hickey

 

 A-39 

 

BMO 2024-C10

Annex A

Loan ID Number Loan / Property Flag Footnotes (for Loan and Property Information) # of Properties Property Name Total Debt Underwritten NCF DSCR (x) Total Debt Underwritten NOI Debt Yield (%) Future Additional Debt Permitted (Y/N) Future Debt Permitted Type Sponsor
                   
13 Loan 25, 27 1 Gotham Plaza NAP NAP No NAP Edward Blumenfeld
14 Loan 7, 19, 20 1 La Habra Marketplace NAP NAP No NAP Eric Sahn
15 Loan 3 1 236-244 East 13th Street NAP NAP No NAP Amended and Restated 2013 LG Revocable Trust
16 Loan 25 1 Quail Meadows Apartments NAP NAP No NAP Gary W. Gates, Jr.
17 Loan 7, 12 1 500 Delaware NAP NAP No NAP David Pollin, Robert Buccini and Christopher Buccini
18 Loan 13, 16, 25 1 Quantix NAP NAP Yes Future Mezzanine Loan Angelo, Gordon & Co., L.P. and TPG, Inc.
19 Loan 1, 3, 7, 18, 19, 23, 30 1 Arizona Grand Resort and Spa NAP NAP No NAP Grossman Company Properties, Inc.
20 Loan 4, 7, 16 1 Centene NAP NAP No NAP Alejandro Velez
21 Loan 1, 3, 7, 12, 21, 24, 26 1 Grapevine Mills NAP NAP No NAP Simon Property Group, L.P.
22 Loan 27 1 Stop & Shop Elizabeth NAP NAP No NAP Jeffrey S. Levien and David L. Stein
23 Loan   1 Corporate Circle NAP NAP No NAP Joseph Greenberg
24 Loan 7, 16, 19, 25, 33 1 1516 Motor Parkway NAP NAP No NAP Edward Blumenfeld and Parlux Holdings, Inc.
25 Loan 5, 19, 30 1 Spark by Hilton O'Hare NAP NAP No NAP Nick Trivedi and Jon Trivedi
26 Loan   1 1702 West 1st Street NAP NAP No NAP Maria Santomauro
27 Loan 15 1 Airport Business Center NAP NAP  No NAP Warren Zinn
28 Loan   1 Burbank Self Storage NAP NAP No NAP Rafael Shachory

 

 A-40 

 

BMO 2024-C10

Annex A

Loan ID Number Loan / Property Flag Footnotes (for Loan and Property Information) # of Properties Property Name Non-Recourse Carveout Guarantor Delaware Statutory Trust
(Y/N)		 Tenants-in-common
(Y/N)
          24   33
1 Loan 1, 4, 7, 12, 13 1 Newport Centre Newport Associates Phase I Developers Limited Partnership No No
2 Loan 1, 3, 7, 12, 13, 16, 19, 27, 30 1 The Mall of Victor Valley The Macerich Partnership, L.P. No No
3 Loan 6, 7, 12, 16, 17 31 Poindexter Industrial Portfolio John B. Poindexter No No
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 15, 23, 30 1 White Oak Village Robert V. Gothier, Jr. and Mark X. DiSanto No No
5 Loan 5, 6, 10, 12, 13, 16, 19, 24, 25 6 Douglas Dynamics AG Net Lease Realty Fund V REIT LLC and AG Net Lease Realty Fund V Investments (H-1), L.P. No No
5.01 Property   1 Milwaukee 7777      
5.02 Property   1 Rockland      
5.03 Property   1 Madison Heights      
5.04 Property   1 Manchester      
5.05 Property   1 Milwaukee 7676      
5.06 Property   1 Huntley      
6 Loan 13, 24, 27 1 South Carolina Industrial Philip W. Cyburt and Spencer C. Atkins No No
7 Loan 6, 12, 13, 16, 25 3 Sterling Portfolio AG Net Lease Realty Fund V REIT LLC and AG Net Lease Realty Fund V Investments (H-1), L.P. No No
7.01 Property   1 Phoenix      
7.02 Property   1 Lufkin      
7.03 Property   1 Joliet      
8 Loan 7, 26 1 Creekside Town Center Cane Living Trust Dated February 17, 1981 and The Ronald and Mary Ellen Cane 1996 Irrevocable Trust No No
9 Loan 18, 25, 29 1 Diamond Ridge Apartments Gary W. Gates, Jr. No No
10 Loan   1 Bradley Fair SDM Holdings LLC No No
11 Loan 10, 13, 16, 25, 30 1 Tropicale Foods AG Net Lease IV (Q) Corp., AG Net Lease Realty Fund IV, L.P. and AG Net Lease Realty Fund IV Investments (H-1), L.P. No No
12 Loan 31 1 Springfield Center Joseph R. Staugaard, III, Samuel M.V. Hamilton, III and Brian D. Hickey No No

 

 A-41 

 

BMO 2024-C10

Annex A

Loan ID Number Loan / Property Flag Footnotes (for Loan and Property Information) # of Properties Property Name Non-Recourse Carveout Guarantor Delaware Statutory Trust
(Y/N)		 Tenants-in-common
(Y/N)
               
13 Loan 25, 27 1 Gotham Plaza Edward Blumenfeld and Acadia Realty Limited Partnership No No
14 Loan 7, 19, 20 1 La Habra Marketplace Eric Sahn No No
15 Loan 3 1 236-244 East 13th Street Amended and Restated 2013 LG Revocable Trust No No
16 Loan 25 1 Quail Meadows Apartments Gary W. Gates, Jr. No No
17 Loan 7, 12 1 500 Delaware David Pollin, Robert Buccini and Christopher Buccini No No
18 Loan 13, 16, 25 1 Quantix AG Net Lease Realty Fund V REIT LLC and AG Net Lease Realty Fund V Investments (H-1), L.P. No No
19 Loan 1, 3, 7, 18, 19, 23, 30 1 Arizona Grand Resort and Spa Southwest Recourse III, LLC No No
20 Loan 4, 7, 16 1 Centene Alejandro Velez No No
21 Loan 1, 3, 7, 12, 21, 24, 26 1 Grapevine Mills Simon Property Group, L.P. No No
22 Loan 27 1 Stop & Shop Elizabeth Jeffrey S. Levien and David L. Stein No No
23 Loan   1 Corporate Circle Joseph Greenberg No No
24 Loan 7, 16, 19, 25, 33 1 1516 Motor Parkway Edward Blumenfeld and Parlux Holdings, Inc. No Yes
25 Loan 5, 19, 30 1 Spark by Hilton O'Hare Nick Trivedi and Jon Trivedi No No
26 Loan   1 1702 West 1st Street Maria Santomauro No No
27 Loan 15 1 Airport Business Center Warren Zinn No No
28 Loan   1 Burbank Self Storage Rafael Shachory No No

 

 A-42 

 

BMO 2024-C10

Annex A

Loan ID Number Loan / Property Flag Footnotes (for Loan and Property Information) # of Properties Property Name 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 ($) Uses: Loan Payoff ($)
            29           32
1 Loan 1, 4, 7, 12, 13 1 Newport Centre Refinance No 188,000,000 0 0 0 188,000,000 156,209,178
2 Loan 1, 3, 7, 12, 13, 16, 19, 27, 30 1 The Mall of Victor Valley Refinance No 85,000,000 31,430,303 0 0 116,430,303 115,393,463
3 Loan 6, 7, 12, 16, 17 31 Poindexter Industrial Portfolio Refinance/Acquisition   139,070,000 0 0 0 139,070,000 108,033,051
3.01 Property   1 Ringgold   No            
3.02 Property   1 Laval   No            
3.03 Property   1 Loudon   No            
3.04 Property   1 Salt Lake City   No            
3.05 Property   1 Morgantown   No            
3.06 Property   1 Reading   No            
3.07 Property   1 Orrville   No            
3.08 Property   1 Riverside I   No            
3.09 Property   1 Spring Hill   No            
3.10 Property   1 Janesville   No            
3.11 Property   1 Sturgis II   No            
3.12 Property   1 Denver   No            
3.13 Property   1 Sturgis I   No            
3.14 Property   1 Social Circle   No            
3.15 Property   1 Caldwell   No            
3.16 Property   1 Brenham   No            
3.17 Property   1 Clinton   No            
3.18 Property   1 Ehrenberg   No            
3.19 Property   1 Rydal   No            
3.20 Property   1 Claremore   No            
3.21 Property   1 West Palm Beach   No            
3.22 Property   1 Decatur   No            
3.23 Property   1 North Salt Lake   No            
3.24 Property   1 Ephrata   No            
3.25 Property   1 Nashville   No            
3.26 Property   1 Louisville   No            
3.27 Property   1 Riverside II   No            
3.28 Property   1 Corsicana   No            
3.29 Property   1 Centralia   No            
3.30 Property   1 Indianapolis   No            
3.31 Property   1 Elkhart   No            
4 Loan 15, 23, 30 1 White Oak Village Acquisition No 44,450,000 22,517,134 0 1,500,000 68,467,134 0
5 Loan 5, 6, 10, 12, 13, 16, 19, 24, 25 6 Douglas Dynamics Acquisition   42,097,500 22,766,836 0 0 64,864,336 0
5.01 Property   1 Milwaukee 7777   No            
5.02 Property   1 Rockland   No            
5.03 Property   1 Madison Heights   No            
5.04 Property   1 Manchester   No            
5.05 Property   1 Milwaukee 7676   No            
5.06 Property   1 Huntley   No            
6 Loan 13, 24, 27 1 South Carolina Industrial Refinance No 40,000,000 1,759,133 10,000,000 0 51,759,133 50,180,141
7 Loan 6, 12, 13, 16, 25 3 Sterling Portfolio Recapitalization   38,760,000 0 0 0 38,760,000 0
7.01 Property   1 Phoenix   No            
7.02 Property   1 Lufkin   No            
7.03 Property   1 Joliet   No            
8 Loan 7, 26 1 Creekside Town Center Acquisition No 71,525,000 58,342,802 0 0 129,867,802 0
9 Loan 18, 25, 29 1 Diamond Ridge Apartments Refinance Yes 31,000,000 0 0 0 31,000,000 23,309,517
10 Loan   1 Bradley Fair Recapitalization No 30,000,000 0 0 0 30,000,000 0
11 Loan 10, 13, 16, 25, 30 1 Tropicale Foods Recapitalization No 29,710,000 0 0 0 29,710,000 0
12 Loan 31 1 Springfield Center Acquisition No 29,160,000 20,754,072 0 799,413 50,713,484 0

 

 A-43 

 

BMO 2024-C10

Annex A

Loan ID Number Loan / Property Flag Footnotes (for Loan and Property Information) # of Properties Property Name 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 ($) Uses: Loan Payoff ($)
                         
13 Loan 25, 27 1 Gotham Plaza Refinance No 28,000,000 23,114 0 0 28,023,114 17,245,372
14 Loan 7, 19, 20 1 La Habra Marketplace Refinance No 95,000,000 6,633,789 0 0 101,633,789 96,536,855
15 Loan 3 1 236-244 East 13th Street Refinance No 21,000,000 517,186 0 0 21,517,186 20,689,041
16 Loan 25 1 Quail Meadows Apartments Refinance No            
17 Loan 7, 12 1 500 Delaware Refinance No            
18 Loan 13, 16, 25 1 Quantix Recapitalization No            
19 Loan 1, 3, 7, 18, 19, 23, 30 1 Arizona Grand Resort and Spa Refinance No            
20 Loan 4, 7, 16 1 Centene Acquisition No            
21 Loan 1, 3, 7, 12, 21, 24, 26 1 Grapevine Mills Refinance No            
22 Loan 27 1 Stop & Shop Elizabeth Refinance No            
23 Loan   1 Corporate Circle Refinance No            
24 Loan 7, 16, 19, 25, 33 1 1516 Motor Parkway Refinance No            
25 Loan 5, 19, 30 1 Spark by Hilton O'Hare Refinance No            
26 Loan   1 1702 West 1st Street Refinance No            
27 Loan 15 1 Airport Business Center Recapitalization No            
28 Loan   1 Burbank Self Storage Refinance No            

 

 A-44 

 

BMO 2024-C10

Annex A

Loan ID Number Loan / Property Flag Footnotes (for Loan and Property Information) # of Properties Property Name Uses: Purchase Price ($) Uses: Closing Costs ($) Uses: Reserves ($) Uses: Principal Equity Distribution ($) Uses: Other Uses ($) Uses: Total Uses ($) Franchise Agreement Expiration Underwritten ADR ($) Underwritten RevPAR ($)
                           
1 Loan 1, 4, 7, 12, 13 1 Newport Centre 0 1,191,428 0 30,599,394 0 188,000,000 NAP NAP NAP
2 Loan 1, 3, 7, 12, 13, 16, 19, 27, 30 1 The Mall of Victor Valley 0 869,377 167,463 0 0 116,430,303 NAP NAP NAP
3 Loan 6, 7, 12, 16, 17 31 Poindexter Industrial Portfolio 20,523,309 3,048,405 0 7,465,235 0 139,070,000 NAP NAP NAP
3.01 Property   1 Ringgold             NAP NAP NAP
3.02 Property   1 Laval             NAP NAP NAP
3.03 Property   1 Loudon             NAP NAP NAP
3.04 Property   1 Salt Lake City             NAP NAP NAP
3.05 Property   1 Morgantown             NAP NAP NAP
3.06 Property   1 Reading             NAP NAP NAP
3.07 Property   1 Orrville             NAP NAP NAP
3.08 Property   1 Riverside I             NAP NAP NAP
3.09 Property   1 Spring Hill             NAP NAP NAP
3.10 Property   1 Janesville             NAP NAP NAP
3.11 Property   1 Sturgis II             NAP NAP NAP
3.12 Property   1 Denver             NAP NAP NAP
3.13 Property   1 Sturgis I             NAP NAP NAP
3.14 Property   1 Social Circle             NAP NAP NAP
3.15 Property   1 Caldwell             NAP NAP NAP
3.16 Property   1 Brenham             NAP NAP NAP
3.17 Property   1 Clinton             NAP NAP NAP
3.18 Property   1 Ehrenberg             NAP NAP NAP
3.19 Property   1 Rydal             NAP NAP NAP
3.20 Property   1 Claremore             NAP NAP NAP
3.21 Property   1 West Palm Beach             NAP NAP NAP
3.22 Property   1 Decatur             NAP NAP NAP
3.23 Property   1 North Salt Lake             NAP NAP NAP
3.24 Property   1 Ephrata             NAP NAP NAP
3.25 Property   1 Nashville             NAP NAP NAP
3.26 Property   1 Louisville             NAP NAP NAP
3.27 Property   1 Riverside II             NAP NAP NAP
3.28 Property   1 Corsicana             NAP NAP NAP
3.29 Property   1 Centralia             NAP NAP NAP
3.30 Property   1 Indianapolis             NAP NAP NAP
3.31 Property   1 Elkhart             NAP NAP NAP
4 Loan 15, 23, 30 1 White Oak Village 63,502,857 1,447,031 3,517,246 0 0 68,467,134 NAP NAP NAP
5 Loan 5, 6, 10, 12, 13, 16, 19, 24, 25 6 Douglas Dynamics 64,150,000 714,336 0 0 0 64,864,336 NAP NAP NAP
5.01 Property   1 Milwaukee 7777             NAP NAP NAP
5.02 Property   1 Rockland             NAP NAP NAP
5.03 Property   1 Madison Heights             NAP NAP NAP
5.04 Property   1 Manchester             NAP NAP NAP
5.05 Property   1 Milwaukee 7676             NAP NAP NAP
5.06 Property   1 Huntley             NAP NAP NAP
6 Loan 13, 24, 27 1 South Carolina Industrial 0 1,578,992 0 0 0 51,759,133 NAP NAP NAP
7 Loan 6, 12, 13, 16, 25 3 Sterling Portfolio 0 752,933 0 38,007,067 0 38,760,000 NAP NAP NAP
7.01 Property   1 Phoenix             NAP NAP NAP
7.02 Property   1 Lufkin             NAP NAP NAP
7.03 Property   1 Joliet             NAP NAP NAP
8 Loan 7, 26 1 Creekside Town Center 125,500,000 1,557,364 2,810,438 0 0 129,867,802 NAP NAP NAP
9 Loan 18, 25, 29 1 Diamond Ridge Apartments 0 227,778 3,184,235 4,278,470 0 31,000,000 NAP NAP NAP
10 Loan   1 Bradley Fair 0 723,267 474,420 28,802,313 0 30,000,000 NAP NAP NAP
11 Loan 10, 13, 16, 25, 30 1 Tropicale Foods 0 985,664 0 28,724,336 0 29,710,000 NAP NAP NAP
12 Loan 31 1 Springfield Center 49,100,000 868,600 744,885 0 0 50,713,484 NAP NAP NAP

 

 A-45 

 

BMO 2024-C10

Annex A

Loan ID Number Loan / Property Flag Footnotes (for Loan and Property Information) # of Properties Property Name Uses: Purchase Price ($) Uses: Closing Costs ($) Uses: Reserves ($) Uses: Principal Equity Distribution ($) Uses: Other Uses ($) Uses: Total Uses ($) Franchise Agreement Expiration Underwritten ADR ($) Underwritten RevPAR ($)
                           
13 Loan 25, 27 1 Gotham Plaza 0 1,155,297 9,622,444 0 0 28,023,114 NAP NAP NAP
14 Loan 7, 19, 20 1 La Habra Marketplace 0 1,296,934 3,800,000 0 0 101,633,789 NAP NAP NAP
15 Loan 3 1 236-244 East 13th Street 0 828,146 0 0 0 21,517,186 NAP NAP NAP
16 Loan 25 1 Quail Meadows Apartments             NAP NAP NAP
17 Loan 7, 12 1 500 Delaware             NAP NAP NAP
18 Loan 13, 16, 25 1 Quantix             NAP NAP NAP
19 Loan 1, 3, 7, 18, 19, 23, 30 1 Arizona Grand Resort and Spa             NAP 219.51 138.72
20 Loan 4, 7, 16 1 Centene             NAP NAP NAP
21 Loan 1, 3, 7, 12, 21, 24, 26 1 Grapevine Mills             NAP NAP NAP
22 Loan 27 1 Stop & Shop Elizabeth             NAP NAP NAP
23 Loan   1 Corporate Circle             NAP NAP NAP
24 Loan 7, 16, 19, 25, 33 1 1516 Motor Parkway             NAP NAP NAP
25 Loan 5, 19, 30 1 Spark by Hilton O'Hare             15 years from Opening Date 88.52 63.38
26 Loan   1 1702 West 1st Street             NAP NAP NAP
27 Loan 15 1 Airport Business Center             NAP NAP NAP
28 Loan   1 Burbank Self Storage             NAP NAP NAP

 

 A-46 

 

BMO 2024-C10

Annex A

Loan ID Number Loan / Property Flag Footnotes (for Loan and Property Information) # of Properties Property Name 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 (%)
                             
1 Loan 1, 4, 7, 12, 13 1 Newport Centre NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
2 Loan 1, 3, 7, 12, 13, 16, 19, 27, 30 1 The Mall of Victor Valley NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
3 Loan 6, 7, 12, 16, 17 31 Poindexter Industrial Portfolio NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
3.01 Property   1 Ringgold NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
3.02 Property   1 Laval NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
3.03 Property   1 Loudon NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
3.04 Property   1 Salt Lake City NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
3.05 Property   1 Morgantown NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
3.06 Property   1 Reading NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
3.07 Property   1 Orrville NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
3.08 Property   1 Riverside I NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
3.09 Property   1 Spring Hill NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
3.10 Property   1 Janesville NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
3.11 Property   1 Sturgis II NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
3.12 Property   1 Denver NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
3.13 Property   1 Sturgis I NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
3.14 Property   1 Social Circle NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
3.15 Property   1 Caldwell NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
3.16 Property   1 Brenham NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
3.17 Property   1 Clinton NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
3.18 Property   1 Ehrenberg NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
3.19 Property   1 Rydal NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
3.20 Property   1 Claremore NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
3.21 Property   1 West Palm Beach NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
3.22 Property   1 Decatur NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
3.23 Property   1 North Salt Lake NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
3.24 Property   1 Ephrata NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
3.25 Property   1 Nashville NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
3.26 Property   1 Louisville NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
3.27 Property   1 Riverside II NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
3.28 Property   1 Corsicana NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
3.29 Property   1 Centralia NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
3.30 Property   1 Indianapolis NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
3.31 Property   1 Elkhart NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
4 Loan 15, 23, 30 1 White Oak Village NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
5 Loan 5, 6, 10, 12, 13, 16, 19, 24, 25 6 Douglas Dynamics NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
5.01 Property   1 Milwaukee 7777 NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
5.02 Property   1 Rockland NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
5.03 Property   1 Madison Heights NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
5.04 Property   1 Manchester NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
5.05 Property   1 Milwaukee 7676 NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
5.06 Property   1 Huntley NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
6 Loan 13, 24, 27 1 South Carolina Industrial NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
7 Loan 6, 12, 13, 16, 25 3 Sterling Portfolio NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
7.01 Property   1 Phoenix NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
7.02 Property   1 Lufkin NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
7.03 Property   1 Joliet NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
8 Loan 7, 26 1 Creekside Town Center NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
9 Loan 18, 25, 29 1 Diamond Ridge Apartments NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
10 Loan   1 Bradley Fair NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
11 Loan 10, 13, 16, 25, 30 1 Tropicale Foods NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
12 Loan 31 1 Springfield Center NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP

 

 A-47 

 

BMO 2024-C10

Annex A

Loan ID Number Loan / Property Flag Footnotes (for Loan and Property Information) # of Properties Property Name 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 (%)
                             
13 Loan 25, 27 1 Gotham Plaza NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
14 Loan 7, 19, 20 1 La Habra Marketplace NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
15 Loan 3 1 236-244 East 13th Street NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
16 Loan 25 1 Quail Meadows Apartments NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
17 Loan 7, 12 1 500 Delaware NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
18 Loan 13, 16, 25 1 Quantix NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
19 Loan 1, 3, 7, 18, 19, 23, 30 1 Arizona Grand Resort and Spa 63.2% 219.51 138.72 63.2% 229.41 141.85 61.8% 230.70 147.44 63.9%
20 Loan 4, 7, 16 1 Centene NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
21 Loan 1, 3, 7, 12, 21, 24, 26 1 Grapevine Mills NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
22 Loan 27 1 Stop & Shop Elizabeth NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
23 Loan   1 Corporate Circle NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
24 Loan 7, 16, 19, 25, 33 1 1516 Motor Parkway NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
25 Loan 5, 19, 30 1 Spark by Hilton O'Hare 71.6% 88.52 63.38 71.6% 90.16 60.14 66.7% 86.05 61.61 71.6%
26 Loan   1 1702 West 1st Street NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
27 Loan 15 1 Airport Business Center NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
28 Loan   1 Burbank Self Storage NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP

 

 A-48 

 

BMO 2024-C10

Footnotes to Annex A

 

(1 – Mortgage Loan Seller)

“BMO” denotes Bank of Montreal as Mortgage Loan Seller, “SMC” denotes Starwood Mortgage Capital LLC as Mortgage Loan Seller, “CREFI” denotes Citi Real Estate Funding Inc. as Mortgage Loan Seller, “ZBNA” denotes Zions Bancorporation, N.A. as Mortgage Loan Seller, “3650 REIT” denotes 3650 Real Estate Investment Trust 2 as Mortgage Loan Seller, “GACC” denotes German American Capital Corporation as Mortgage Loan Seller, “GSMC” denotes Goldman Sachs Mortgage Company as Mortgage Loan Seller.


With respect to Loan No. 1, Newport Centre, the mortgage loan is part of a whole loan that was co-originated by GACC and Goldman Sachs Bank USA.

 

With respect to Loan No. 2, The Mall of Victor Valley, the mortgage loan is part of a whole loan that was co-originated by BMO and JPMorgan Chase Bank, National Association.

 

With respect to Loan No. 19, Arizona Grand Resort and Spa, the mortgage loan is part of a whole loan that was co-originated by GACC, Goldman Sachs Bank USA and Wells Fargo Bank, National Association.

 

With respect to Loan No. 21, Grapevine Mills, the mortgage loan is part of a whole loan that was co-originated by Wells Fargo Bank, National Association, BMO and JPMorgan Chase Bank, National Association.

 

(2 – Property Type)

Intentionally Blank

 

(3 – Number of Units)

Certain of the mortgage loans include parcels ground leased to tenants in the calculation of the total square footage and the occupancy of the mortgaged property.

With respect to Loan No. 2, The Mall of Victor Valley, the mortgaged property consists of 479,261 square feet of collateral which is part of a larger shopping center and does not include non-collateral square footage in the shopping center.

With respect to Loan No. 15, 236-244 East 13th Street, the mortgaged property consists of (i) 83 multifamily units, and (ii) seven commercial units containing 4,204 square feet.

With respect to Loan No. 19, Arizona Grand Resort and Spa, the mortgaged property includes 744 rooms, of which 643 rooms are resort suites that are collateral for the mortgage loan; the additional 101 rentable guestrooms (the “Villa Rental Pool Rooms”) are located in 51 luxury villas that are owned by third parties as condominium units and are not collateral for the mortgage loan. The owners of the Villa Rental Pool Rooms participate in a rental pool program pursuant to which the borrower rents the Villa Rental Pool Rooms as hotel rooms and receives management fees in connection with such rental. The rental pool agreements and related documents have been collaterally assigned to the lender and are collateral for the mortgage loan. Per Unit calculations are based on 744 rooms.

With respect to Loan No. 21, Grapevine Mills, the mortgaged property includes 1,451,077 square feet of borrower-owned improvements and 177,063 square feet of tenant-owned improvements.

 

(4 – Leased Occupancy %)

In certain cases, the mortgaged properties may have tenants that have executed leases that were included in the underwriting but that have not yet commenced paying rent and/or are not in occupancy.

 

For tenants that are one of the top 5 tenants (by net rentable area leased) for the 15 largest mortgage loans, certain of such tenants have not taken possession or commenced paying rent or sublease a material portion of their property. See “Description of the Mortgage Pool—Tenant Issues— Rights to Sublease” and “--Tenants Not Yet in Occupancy or in a Free Rent Period, Leases Under Negotiation and LOIs” in the preliminary prospectus.

 

With respect to Loan No. 1, Newport Centre, the Second Largest Tenant, Sears, has subleased its entire top floor (approximately 82,000 square feet) to Dick’s House of Sport and a portion of its bottom floor (approximately 46,000 square feet) to Primark. The remaining space (approximately 64,000 square feet) has yet to be subleased. Dick’s House of Sport and Primark have each signed subleases on the Sears space. Dick’s has taken possession of its space as of September 2024 and is currently building out its space with the intent to open fall 2025. Primark is expected to take possession of its space on November 1, 2024, and open early summer 2025.

 

With respect to Loan No. 20, Centene, the sole tenant at the Centene mortgaged property, Centene, has subleased its entire space to NationsBenefits, LLC through September 30, 2030 at a rate of $39.50 per square foot with annual rent step increases through the end of the sublease. The sublease rent is higher than the rent under the original Centene lease, whose underwritten base rent per square foot is $27.83.

 A-49 

 

 

(5 – Appraised Value ($), Cut-off Date LTV Ratio (%), LTV Ratio at Maturity / ARD (%))

With respect to all mortgage loans, with the exceptions of the mortgage loans listed identified in “Description of the Mortgage Pool—Certain Calculations and Definitions” in the preliminary prospectus, the Cut-off Date LTV Ratio (%) and the LTV Ratio at Maturity / ARD (%) are based on the Appraised Value ($) even though, for certain mortgage loans, the appraisal provided “as-stabilized” values based on certain criteria being met.

 

With respect to Loan No. 5, Douglas Dynamics, the Appraised Value / Per SF represents the “As Portfolio” appraised value, which assumes a 4.30% portfolio premium is applied to the aggregate sum of the individual appraised values. The individual appraisal valuation dates are between August 26, 2024 and September 10, 2024. The aggregate of the “as-is” appraised values of the Douglas Dynamics Portfolio properties is $64,140,000, which results in a Cut-off Date LTV Ratio (%) and LTV Ratio at Maturity / ARD (%) of 65.6%.

 

With respect to Loan No. 25, Spark by Hilton O’Hare, the appraised value of $15,500,000 is the “Hypothetical As If Complete Today” value, which assumes that the scheduled property improvement plan has been completed as of August 14, 2024. At origination of the mortgage loan, the borrower deposited $1,255,340 for property improvement plan work. The “as-is” appraised value is $15,000,000. Such “as-is” appraised value results in a Cut-off Date LTV Ratio (%) and LTV Ratio at Maturity / ARD (%) of 56.7% and 50.1%, respectively.

 

(6 – Original Balance ($), Cut-off Date Balance ($), Maturity / ARD Balance ($))

For mortgage loans secured by multiple mortgaged properties, each mortgage loan’s Original Balance ($), Cut-off Date Balance ($) and Maturity / ARD Balance ($) are allocated to the respective mortgaged property based on the mortgage loan’s documentation, or if no such allocation is provided in the mortgage loan documentation, the mortgage loan seller’s determination of the appropriate allocation.

●Loan No. 3, Poindexter Industrial Portfolio
●Loan No. 5, Douglas Dynamics
●Loan No. 7, Sterling Portfolio

 

(7 – Original Balance ($), Cut-off Date Balance ($), Maturity / ARD Balance ($))

The Original Balance ($), Cut-off Date Balance ($), and Maturity / ARD Balance ($) represent only the mortgage loan included in the issuing entity. The Underwritten NOI DSCR (x), Underwritten NCF DSCR (x), Cut-off Date LTV Ratio (%), LTV Ratio at Maturity / ARD (%), Underwritten NOI Debt Yield (%), Underwritten NCF Debt Yield (%) and Loan per Unit ($) are calculated based on the mortgage loan included in the issuing entity and the related pari passu companion loans in the aggregate but exclude any subordinate companion loan(s). For more information regarding the mortgage loans secured by the mortgaged properties identified under the column heading in this Annex A-1, see the charts titled “Whole

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Loan Summary” and “Whole Loan Controlling Notes and Non-Controlling Notes” in “Description of the Mortgage Pool—The Whole Loans” in the preliminary prospectus.

●Loan No. 1, Newport Centre
●Loan No. 2, The Mall of Victor Valley
●Loan No. 3, Poindexter Industrial Portfolio
●Loan No. 8, Creekside Town Center
●Loan No. 14, La Habra Marketplace
●Loan No. 17, 500 Delaware
●Loan No. 19, Arizona Grand Resort and Spa
●Loan No. 20, Centene
●Loan No. 21, Grapevine Mills
●Loan No. 24, 1516 Motor Parkway

 

(8 – Administrative Fee Rate (%))

The Administrative Fee Rate % includes the Servicing Fee, the Operating Advisor Fee, the Certificate Administrator/Trustee Fee, the Asset Representations Reviewer Fee and the CREFC® Intellectual Property Royalty License Fee applicable to each mortgage loan.

 

(9 – Monthly Debt Service Amount)

For the mortgage loans with an interest-only period that accrues interest on an Actual/360 basis, the Monthly Debt Service (IO) ($) was calculated as 1/12th of the product of (i) the Original Balance ($), (ii) the Interest Rate % and (iii) 365/360.

 

(10 – Grace Period - Late Fee (Days))

With respect to Loan No. 5, Douglas Dynamics, a Grace Period – Default (Days) of 5 days is permitted once in any 12-month period.

With respect to Loan No. 11, Tropicale Foods, a Grace Period – Default (Days) of 5 days is permitted once in any 12-month period.

 

(11 – ARD Loan)

Intentionally Blank

 

(12 – Prepayment Provisions)

The “L” component of the prepayment provision represents lockout payments.

The “D” component of the prepayment provision represents defeasance payments.

The “YM” component of the prepayment provision represents yield maintenance payments.

The “YM1” component of the prepayment provision represents the greater of (i) yield maintenance or (ii) 1% of the outstanding principal balance of the mortgage loan at the time of prepayment.

The “1%” component of the prepayment provision represents 1% of the outstanding principal balance of the mortgage loan at the time of prepayment.

The “O” Component of the prepayment provision represents the free payments including the Maturity Date.

Certain mortgage loans permit the release of a portion of a mortgaged property (or an individual mortgaged property, in connection with a portfolio mortgage loan) under various circumstances, as described in the prospectus. See “Description of the Mortgage Pool—Certain Terms of the Mortgage Loans—Partial Releases” in the prospectus.

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With respect to Loan No. 1, Newport Centre, the defeasance lockout period will be at least 26 months beginning with and including the first payment date on October 1, 2024. Defeasance of the Newport Centre whole loan is permitted after the date that is the earlier of (i) two years from the closing date of the securitization that includes the last pari passu note to be securitized and (ii) October 1, 2027. The assumed defeasance lockout period of 26 payments is based on the expected BMO 2024-C10 securitization closing date in November 2024. The actual defeasance lockout period may be longer.

With respect to Loan No. 1, Newport Centre, the mortgage loan documents permit the borrower to obtain the free release of non-income producing or vacant portions of the mortgaged property in connection with a sale or transfer to third parties or an affiliate of the borrower provided that, among other conditions, (i) after giving effect to such transfer, the remaining portion of the mortgaged property complies with applicable zoning, parking and other legal requirements, and (ii) the borrower satisfies customary REMIC requirements.

With respect to Loan No. 2, The Mall of Victor Valley, the lockout period will be at least 26 payment dates beginning with and including the first payment date on October 6, 2024. Voluntary prepayment (with the greater of a yield maintenance premium or 1% of the principal balance of The Mall of Victor Valley whole loan) in full (but not in part) is permitted at any time following the payment date in September 2027. Defeasance or voluntary prepayment with yield maintenance of The Mall of Victor Valley whole loan in full (but not in part) is permitted at any time following the earlier to occur of (i) September 6, 2027 or (ii) the date that is two years from the closing date of the securitization that includes the last pari passu note to be securitized. The assumed lockout period of 26 payments is based on the expected BMO 2024-C10 securitization trust closing date in November 2024. The actual lockout period may be longer.

With respect to Loan No. 2, The Mall of Victor Valley, the borrower may obtain the release of one or more Out Parcels (as defined below) without the payment of a release price, subject to satisfaction of certain conditions including, but not limited to, (i) no event of default has occurred and is continuing, (ii) regardless of whether such release is successfully consummated, the borrower pays to the lender a processing fee in the amount of $15,000, (iii) the remaining The Mall of Victor Valley Property constitutes a separate tax lot (or the borrower has filed an application for a separate tax lot and the borrower sponsor guarantees the payment of taxes on such release parcel pending the final issuance of such separate tax lot), (iv) the borrower certifies to the lender that the remaining The Mall of Victor Valley Property with all easements appurtenant and other permitted encumbrances thereto will not, strictly as a result of such transfer, be in violation of any reciprocal easement agreements or major leases, or any then applicable law, statute, rule or regulation and (v) satisfaction of any REMIC release conditions.

An “Out Parcel” means each of the following: (i) certain real property that is as of the date of any potential release non-income producing and unimproved for tenant occupancy and the release of which does not have a material adverse effect on (a) the business, profits, operations or financial condition of the borrower, (b) the ability of the borrower to repay The Mall of Victor Valley whole loan in accordance with the terms of The Mall of Victor Valley whole loan documents, or (c) the ongoing operations of the remaining The Mall of Victor Valley Property; and (ii) certain real property that is as of the date of any potential release non-income producing and improved by structures that (a) were vacant as of the origination date and (b) have been vacant and non-income producing continuously since the origination date and for at least three years prior to the date of any potential release; and (iii) the Sears parcel. The Sears parcel may be released when an event of default has occurred and is continuing.

With respect to Loan No. 3, Poindexter Industrial Portfolio, the borrowers may obtain the release of any of the individual Poindexter Industrial Portfolio mortgaged properties as described in this preliminary prospectus under “Description of the Mortgage Pool—Certain Terms of the Mortgage Loans—Partial Releases".

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With respect to Loan No. 5, Douglas Dynamics, provided that no event of default is continuing, at any time after the date that is the earlier to occur of two years after the closing date of the BMO 2024-C10 securitization or three years from the origination date, the borrower may deliver defeasance collateral and obtain release of any individual mortgaged property other than the Rockland mortgaged property and the Wisconsin mortgaged property (a “Partial Release Event”), provided that, among other conditions, (i) after giving effect to such Partial Release Event, the debt service coverage ratio for the remaining mortgaged properties is no less than the greater of: (a) 1.80x or (b) the debt service coverage ratio of the mortgaged properties immediately prior to such Partial Release Event; provided, that if the foregoing test is not satisfied, the borrower will be permitted at its option, in order to satisfy the foregoing condition on or prior to the date of consummation of the Partial Release Event, to either (A) prepay a portion of the unpaid principal balance of the mortgage loan in an amount which, if applied to the unpaid principal balance of the mortgage loan, would result in the mortgage loan achieving the debt service coverage ratio threshold (the “Release DSCR Paydown Amount”) or (B) deposit cash collateral or a letter of credit with the lender in an amount equal to the Release DSCR Paydown Amount; (ii) after giving effect to such Partial Release Event, the loan-to-value ratio for the remaining Mortgaged Properties does not exceed the lesser of: (a) 65.6% or (b) the loan-to-value ratio of the Mortgaged Properties immediately prior to such Partial Release Event (the “LTV Threshold”); provided, that if the foregoing test is not satisfied, the borrower will be permitted at its option, in order to satisfy the foregoing condition on or prior to the date of consummation of the Partial Release Event, to either (A) prepay a portion of the unpaid principal balance of the mortgage loan in an amount which, if applied to the unpaid principal balance of the mortgage loan, would result in the mortgage loan achieving the LTV Threshold (the “Release LTV Paydown Amount”) or (B) deposit cash collateral or a letter of credit with the lender in an amount equal to the Release LTV Paydown Amount; (iii) after giving effect to such Partial Release Event, the debt yield for the remaining mortgaged properties will be no less than the greater of: (i) 11.6% or (ii) the debt yield immediately prior to such Partial Release Event (the “Debt Yield Threshold”); provided, that if the foregoing test is not satisfied, the borrower will be permitted at its option, in order to satisfy the foregoing condition on or prior to the date of consummation of the Partial Release Event, to either (A) prepay a portion of the unpaid principal balance of the mortgage loan in an amount which, if applied to the unpaid principal balance of the mortgage loan, would result in the mortgage loan achieving the Debt Yield Threshold (the “Release Debt Yield Paydown Amount”) or (B) deposit cash collateral or a letter of credit with the lender in an amount equal to the Release Debt Yield Paydown Amount; and (iv) the borrower pays all reasonable costs and out-of-pocket expenses of lender actually incurred in connection with the Partial Release Event.

With respect to Loan No. 7, Sterling Portfolio, the borrower may obtain the release of the Joliet mortgaged property as described in this preliminary prospectus under “Description of the Mortgage Pool—Certain Terms of the Mortgage Loans—Partial Releases".

With respect to Loan No. 17, 500 Delaware, the lockout period will be at least 35 payment dates beginning with and including the first payment date in June 2022. Defeasance of the 500 Delaware Whole Loan in full is permitted at any time after May 4, 2025, which is the third anniversary of the startup date of the REMIC formed in connection with the REMIC declaration made on April 7, 2023 as described under “Description of the Mortgage Pool—Certain Terms of the Mortgage Loans—Defeasance; Collateral Substitution” in the Preliminary Prospectus.

With respect to Loan No. 21, Grapevine Mills, prepayment of the Grapevine Mills whole loan is permitted at any time after the earlier to occur of (a) the end of the two-year period commencing on the closing date of the securitization of the last promissory note representing a portion of the Grapevine Mills whole loan to be securitized (“REMIC Prohibition Period”), and (b) July 1, 2027 (“Permitted Prepayment Date”). If the Permitted Prepayment Date has occurred but the REMIC Prohibition Period has not occurred, (a) the borrower may prepay with yield maintenance, and (b) and provided no event of default exists, the Grapevine Mills whole loan may be prepaid in whole (but not in part) prior to the REMIC Prohibition

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Period with yield maintenance. Any portion of the Grapevine Mills whole loan that has been securitized, as of such prepayment date, for a period of more than two (2) years from the “startup day” within the meaning of Section 860G(a)(9) of the Internal Revenue Code for the REMIC Trust which holds such securitized portion of the Grapevine Mills whole loan must be contemporaneously defeased.

(13 – Future Additional Debt Permitted (Y/N), Additional Debt Exist (Y/N), Future Debt Permitted Type)

Refers to (a) debt secured by the mortgaged property, (b) mezzanine debt and (c) preferred equity. See “Description of the Mortgage Pool—Additional Indebtedness—Existing Mezzanine Debt,” “—Preferred Equity and Preferred Return Arrangements” and “Certain Legal Aspects of the Mortgage Loans” in the prospectus for information related to mortgage loans with subordinate, mezzanine or other additional debt or preferred equity that permit subordinate, mezzanine or other additional debt in the future.

With respect to Loan No. 1, Newport Centre, subject to the lender’s approval (not to be unreasonably withheld, conditioned or delayed) and delivery of a rating agency confirmation, the borrower is permitted to enter into a Property-Assessed Clean Energy loan for an amount not to exceed $5,000,000.

With respect to Loan No. 2, The Mall of Victor Valley, the borrower is permitted to obtain property assessed clean energy (PACE) or similar loans in an aggregate amount up to $10.0 million without the consent of the lender.

With respect to Loan No. 5, Douglas Dynamics, provided that no event of default is continuing under the Douglas Dynamics Portfolio mortgage loan documents, a constituent party of the borrower is permitted to incur a mezzanine loan (the “Douglas Dynamics Mezzanine Loan,” “Permitted Mezzanine Loan” or “New Mezzanine Loan”) secured by the equity interest held by such constituent party in the borrower under the Douglas Dynamics Portfolio mortgage loan, subject to the satisfaction of certain requirements set forth in the Douglas Dynamics Portfolio mortgage loan documents, which include, but are not limited to: (i) the actual combined loan-to-value ratio based on the Douglas Dynamics Portfolio mortgage loan and the Douglas Dynamics Mezzanine Loan is no more than 65.6%; (ii) the actual combined debt service coverage ratio based on the Douglas Dynamics Portfolio mortgage loan and the Douglas Dynamics Mezzanine Loan is equal to or greater than 1.80x; (iii) the actual combined debt yield based on the Douglas Dynamics Portfolio mortgage loan and the Douglas Dynamics Mezzanine Loan is equal to or greater than 11.6%; (iv) the execution of an intercreditor agreement acceptable to the lender and satisfactory to the rating agencies; and (v) if required by the lender, receipt of a rating agency confirmation.

With respect to Loan No. 6, South Carolina Industrial, concurrently with the origination of the mortgage loan, the mortgage lender originated a mezzanine loan (the “Mezzanine Loan”) and together with the mortgage loan, the “Total Debt”) in the amount of $10,000,000, to be secured by the mezzanine borrowers’ equity interests in the borrower. The Mezzanine Loan accrues interest at a rate of (i) 14.0000% per annum from the origination date through and including December 4, 2029, and (ii) 15.0000% per annum from December 5, 2029 through the end of the term, to be paid as part of each monthly debt service payment amount. The Mezzanine Loan has a final maturity date of November 5, 2034, coterminous with the mortgage loan. An intercreditor agreement between the lender under the mortgage loan and the lender under the Mezzanine Loan was executed simultaneously with the origination of the Mezzanine Loan. Based on the mortgage loan and the Mezzanine Loan, the cumulative Cut-off Date loan-to-value is 65.3%, the cumulative UW NCF debt service coverage ratio is 1.12x and the cumulative UW NCF debt yield is 11.0%. The rights of the mezzanine lender under the Mezzanine Loan are further described under “Description of the Mortgage Pool–Additional Indebtedness–Existing Mezzanine Debt” in the Preliminary Prospectus.

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With respect to Loan No. 7, Sterling Portfolio, future mezzanine debt is permitted at any time from and after the date that is two years after the closing date of the BMO 2024-C10 securitization, subject to the satisfaction of certain conditions including, among others, (i) if such mezzanine debt has a floating interest rate, the mezzanine borrower must purchase an interest rate cap agreement (“IRCA”) from a counterparty reasonably acceptable to the lender with a notional amount not less than the outstanding balance of the mezzanine debt, (ii) immediately after giving effect to such debt (x) the aggregate loan-to-value ratio does not exceed 65.0%, (y) the aggregate debt service coverage ratio is equal to or greater than 1.68x (and if the mezzanine loan has a floating interest rate, the debt service coverage ratio calculation must assume that the floating rate index at all times equals the greater of the then current floating rate index and the strike rate under the IRCA) and (z) the aggregate debt yield is not less than 10.60%, (iii) execution of an intercreditor agreement reasonably acceptable to the lender, (iv) if required by the lender, the borrower delivers a rating agency confirmation with respect to the mezzanine loan, and (v) the maturity date of the mezzanine loan is coterminous with, or after, the maturity date of the Sterling Portfolio mortgage loan.

With respect to Loan No. 11, Tropicale Foods, provided that no event of default is continuing under the Tropicale Foods mortgage loan documents, the beneficial owners of the borrower are permitted to incur a mezzanine loan (the “Tropicale Foods Mezzanine Loan,” “Permitted Mezzanine Loan” or “New Mezzanine Loan”) secured by the equity interest held by such beneficial owners of the borrower under the Tropicale Foods mortgage loan, subject to the satisfaction of certain requirements set forth in the Tropicale Foods mortgage loan documents, which include, but are not limited to: (i) the combined loan-to-value ratio based on the Tropicale Foods mortgage loan and the Tropicale Foods Mezzanine Loan is no more than 42.7%; (ii) the combined debt service coverage ratio based on the Tropicale Foods mortgage loan and the Tropicale Foods Mezzanine Loan is equal to or greater than 1.86x; (iii) the combined debt yield based on the Tropicale Foods mortgage loan and the Tropicale Foods Mezzanine Loan is equal to or greater than 12.07%; (iv) the execution of an intercreditor agreement acceptable to the lender and satisfactory to the rating agencies; and (v) if required by the lender, receipt of a rating agency confirmation.

With respect to Loan No. 18, Quantix, future mezzanine debt is permitted at any time from and after the date that is two years after the closing date of the BMO 2024-C10 securitization, subject to the satisfaction of certain conditions including, among others, (i) if such mezzanine debt has a floating interest rate, the mezzanine borrower must purchase an IRCA from a counterparty reasonably acceptable to the lender with a notional amount not less than the outstanding balance of the mezzanine debt, (ii) immediately after giving effect to such debt (x) the aggregate loan-to-value ratio does not exceed 65.7%, (y) the aggregate debt service coverage ratio is equal to or greater than 1.80x (and if the mezzanine loan has a floating interest rate, the debt service coverage ratio calculation must assume that the floating rate index at all times equals the greater of the then current floating rate index and the strike rate under the IRCA) and (z) the aggregate debt yield is not less than 13.17%, (iii) execution of an intercreditor agreement reasonably acceptable to the lender, (iv) if required by the lender, the borrower delivers a rating agency confirmation with respect to the mezzanine loan, and (v) the maturity date of the mezzanine loan is coterminous with, or after, the maturity date of the Quantix mortgage loan.

(14 – Underwritten NOI DSCR (x), Underwritten NCF DSCR(x))

The Underwritten NOI DSCR (x), Underwritten NCF DSCR (x), Whole Loan Underwritten NCF DSCR (x) and Total Debt Underwritten NCF DSCR (x) for all partial interest-only mortgage loans were calculated based on the first 12 principal and interest payments after the origination date during the term of the mortgage loan.

 

(15 – Underwritten Capital Items)

In certain cases, Underwritten TI / LC ($) is inclusive of certain credits for upfront reserves taken at closing.

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With respect to Loan No. 4, White Oak Village, if no cash trap event period is continuing, the TI/LC Caps ($) is equal to $1,250,000. If the TI/LC reserve balance falls below the cap, the Monthly TI/LC Reserve ($) of $21,537 would apply and be collected.

With respect to Loan No. 4, White Oak Village, if no cash trap event period is continuing, the Replacement Reserve Caps ($) is equal to $250,000. If the Monthly Replacement / FF&E Reserve ($) falls below the cap, the Monthly Replacement / FF&E Reserve ($) of $4,971 would apply and be collected.

With respect to Loan No. 27, Airport Business Center, if no (i) cash trap event period, (ii) major tenant event period or (iii) 6-month major tenant dark period is continuing, the TI/LC Caps ($) is equal to $100,000. If the TI/LC reserve falls below the cap, the Monthly TI/LC Reserve ($) of $5,000 would apply and be collected. During the continuance of a 6-month major tenant dark period, the Monthly TI/LC Reserve ($) would increase to $10,000 and for the avoidance of doubt, the TI/LC Caps ($) would not apply.

 

(16 – Historical Financials)

With respect to some mortgage loans, historical financial information may not be available as a result of acquisition financing and/or recent construction.

With respect to Loan No. 2, The Mall of Victor Valley, occupancy includes all tenants in place, specialty leasing tenants of greater than six months, and tenants with signed leases as of the reporting period. Occupancy excludes gross leasable area for anchor tenants.

With respect to Loan No. 3, Poindexter Industrial Portfolio, historical financial information is unavailable as the mortgaged properties were historically owner occupied and upon origination new absolute NNN leases were signed at each of the mortgaged properties.

With respect to Loan No. 5, Douglas Dynamics, historical financial information is unavailable given the borrower sponsor purchased the mortgaged properties in a sale leaseback transaction in September 2024.

With respect to Loan No. 7, Sterling Portfolio, historical financial information is unavailable due to the acquisition of the Sterling Portfolio mortgaged properties in August 2024 as part of a sale-leaseback transaction.

With respect to Loan No. 11, Tropicale Foods, historical financial information is unavailable given the borrower sponsor purchased the mortgaged property in a sale leaseback transaction in July 2022.

With respect to Loan No. 18, Quantix, historical financial information is unavailable due to the acquisition of the Quantix mortgaged property in August 2024 as part of a sale-leaseback transaction.

With respect to Loan No. 20, Centene, historical financial information for the Centene mortgaged property is not available because the Centene mortgaged property was built in 2020 and Centene chose to not fully utilize its leased space due to the COVID-19 pandemic, which led Centene to subsequently sublease its entire space to NationsBenefits, LLC in November 2022.

With respect to Loan No. 24, 1516 Motor Parkway, historical financial information for the 1516 Motor Parkway mortgaged property is not available as it was leased to a single tenant in January 2023.

 

(17 – Title Type)

With respect to Loan No. 3, Poindexter Industrial Portfolio, the borrowers’ interest in the Loudon mortgaged property is a ground leasehold interest in connection with a payment in lieu of taxes (“PILOT”) arrangement applicable to the mortgaged property, which PILOT expires in 2026. The applicable development authority joined the related deed of trust to encumber the fee interest. Real estate taxes

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were underwritten assuming all tenants pay taxes pursuant to their triple net leases, and accordingly the PI-LOT was not underwritten.

 

(18 – Upfront Escrows)

Represents the amount deposited by the borrower at origination. All or a portion of this amount may have been released pursuant to the terms of the related mortgage loan documents.

With respect to Loan No. 9, Diamond Ridge Apartments, the borrower deposited $2,500,000 into an economic holdback reserve, to be released to the borrower upon the net operating income debt yield at the mortgaged property being at least 9.75% based on a trailing 12-month period and satisfactory completion of all required repairs. Notwithstanding the foregoing, no disbursement is permitted prior to the payment date in March 2025. The Cut-off Date LTV Ratio (%), LTV Ratio at Maturity / ARD (%), UW NOI Debt Yield (%) and UW NCF Debt Yield (%) calculations are based on an assumed Cut-off Date Balance of approximately $28,500,000, which is net of the $2,500,000 economic holdback reserve. Assuming the gross Cut-off Date Balance of approximately $31,000,000, the Cut-off Date LTV Ratio (%), LTV Ratio at Maturity / ARD (%), UW NOI Debt Yield (%) and UW NCF Debt Yield (%) are 64.9%, 64.9%, 9.5% and 9.1%, respectively.

With respect to Loan No. 19, Arizona Grand Resort and Spa, the borrower deposited $650,000 at loan origination into the seasonality reserve. In the event there is insufficient cash flow from the mortgaged property to cover debt service at any time during the term of the related whole loan, the initial seasonality reserve deposit will be used to cover such shortfall.

 

(19 – Monthly Escrows)

Represents the monthly amounts required to be deposited by the borrower. The monthly collected amounts may be increased or decreased pursuant to the terms of the related mortgage loan documents. In certain other cases, all excess cash flow will be swept into reserve accounts in the event of certain conditions being triggered in the respective mortgage loan documents.

With respect to Loan No. 2, The Mall of Victor Valley, during the continuance of a trigger period, the borrower is required to escrow an amount equal to the gross leasable area (excluding the non-collateral square footage and any square footage attributable to any tenant that is required to pay for all repairs and maintenance costs for its entire leased premises, roof and structural components), multiplied by $0.20 and divided by 12 months. The monthly replacement reserve amount is estimated to be approximately $7,988. The borrower is permitted to cease monthly deposits when the replacement reserve balance is equal to the sum of 24 monthly deposits, currently estimated to be approximately $191,704. At the borrower’s option, all or any portion of this amount may be in the form of credit support.

With respect to Loan No. 2, The Mall of Victor Valley, during the continuance of a trigger period, the borrower is required to escrow an amount equal to the gross leasable area (excluding the non-collateral square footage and the premises leased to (i) Cinemark and/or (ii) DICK’s Sporting Goods, provided that each of the foregoing exercises the renewal option set forth in the applicable lease for such premises in effect as of the origination date of The Mall of Victor Valley whole loan) multiplied by $1.00 and divided by 12 months. The monthly rollover reserve amount is estimated to be approximately $39,938. The borrower is not required to make any monthly deposits when the rollover reserve balance is equal to the sum of 24 monthly deposits, currently estimated to be $958,522. During a trigger period, the borrower is required to deposit any amount paid in excess of $2 million with respect to a lease modification or termination. At the borrower’s option, all or any portion of this amount may be in the form of credit support or a guaranty of limited payment.

With respect to Loan No. 5, Douglas Dynamics, on a monthly basis, upon the occurrence of a trigger period or event of default, the borrower is required to escrow approximately $6,597 for the payment or reimbursement of approved capital expenses, provided, however, monthly deposits into the capital expenditure reserve will be suspended for so long as the amount contained therein is equal to or greater than the Capital Expenditure Threshold Amount (as defined below), provided, further, however, at any time after the Capital Expenditure Threshold Amount has been satisfied and monthly deposits into the

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capital expenditure reserve have been suspended, monthly deposits will recommence if the amount on deposit in the capital expenditure reserve account is ever less than the capital expenditure recommencement deposit amount and will continue until such time as the amount on deposit in the capital expenditure reserve is once again equal to the Capital Expenditure Threshold Amount.

“Capital Expenditure Threshold Amount” means at any time the product of (x) $0.20 times (y) the aggregate number of rentable square feet then contained in the Douglas Dynamics Portfolio Properties. The initial Capital Expenditure Threshold Amount as of the origination date of the Douglas Dynamics Portfolio mortgage loan is equal to $13,193.05.

With respect to Loan No. 5, Douglas Dynamics, on a monthly basis, upon the occurrence and during the continuance of an event of default or a trigger period, the borrower is required to escrow approximately $32,983 for tenant improvements and leasing commissions, provided, however, monthly deposits into the TI/LC reserve will be suspended for so long as the amount contained therein is equal to or greater than the TI/LC Reserve Threshold Amount (as defined below), provided, further, however, at any time after the TI/LC Reserve Threshold Amount has been satisfied and monthly deposits into the TI/LC reserve have been suspended, monthly deposits will recommence if the amount on deposit in the TI/LC reserve account is ever less than the TI/LC Reserve Recommencement Deposit Amount (as defined below) and will continue until such time as the amount on deposit in the TI/LC reserve is once again equal to the TI/LC Reserve Threshold Amount.

“TI/LC Reserve Threshold Amount” means at any time the product of (x) $1.00 times (y) the aggregate number of rentable square feet then contained in the Douglas Dynamics Portfolio Properties. The initial TI/LC Reserve Threshold Amount as of the origination date of the Douglas Dynamics Portfolio mortgage loan is equal to $65,965.25.

“TI/LC Reserve Recommencement Deposit Amount” means at any time the product of (x) $0.50 times (y) the aggregate number of rentable square feet then contained in the Douglas Dynamics Portfolio Properties. The initial TI/LC Reserve Recommencement Deposit Amount as of the origination date of the Douglas Dynamics Portfolio mortgage loan is equal to $32,982.63.

With respect to Loan No. 5, Douglas Dynamics, on a monthly basis, upon the occurrence of a trigger period caused by a tenant trigger event, the borrower is required to escrow all excess cash flows for tenant improvements and leasing commissions; provided, however, solely during a continuing trigger period caused by a dark tenant trigger event, deposits into the rollover reserve will be suspended for so long as the amount contained therein is equal to or greater than the dark tenant threshold amount.

With respect to Loan No. 14, La Habra Marketplace, the borrower is not required to make the monthly insurance deposits, provided that, (i) no event of default has occurred and is continuing, (ii) the policies maintained by the borrower covering the mortgaged property are part of a blanket or umbrella policy approved by the lender in its reasonable discretion, (iii) the borrower provides the lender evidence of renewal of such policies, (iv) the borrower provides the lender paid receipts for the payment of the insurance premiums by no later than ten (10) business days prior to the expiration dates of the policies, and (v) if law and ordinance coverage is not maintained as part of the blanket or umbrella policy approved by the lender, the borrower is required to (x) maintain a separate law and ordinance policy for the mortgaged property, (y) provide the lender with paid receipts for the payment of the insurance premiums for such policy by no later than ten business days prior to the expiration date of such policy, and (z) provide the lender with evidence of renewal of such policy. The borrower is required to immediately commence monthly insurance deposits payments, within five days of receipt of notice from the lender of the borrower’s failure to comply with the above conditions, which notice will instruct the borrower to immediately commence making all monthly insurance deposits.

With respect to Loan No. 19, Arizona Grand Resort and Spa, upon the disbursement of any funds from the seasonal working capital reserve (the “Seasonality Reserve Trigger”), the borrower is required to deposit (a) during the first year of the loan term, on each monthly payment date in February, March, April, May, and June $650,000 and (b) during each year thereafter, on each monthly payment date in February,

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March, April, May, and June, an amount equal to the lesser of: (i) $650,000 and (ii) 1/5th of the positive difference determined by subtracting: (x) the aggregate gross revenue (excluding extraordinary income) received with respect to mortgaged property during the months of June, July, August and December in the immediately preceding calendar year from (y) without duplication, the aggregate of all operating expenses, debt service, deposits to the reserve funds and other amounts payable pursuant to the mortgage loan documents during the months of June, July, August, and December of the immediate preceding calendar year, up to a cap of $3,250,000. Notwithstanding the foregoing, in the event (i) a trigger event has occurred and a portion of the initial seasonality deposit has been disbursed, (ii) it is the first time any portion of the initial seasonality deposit has been applied and (iii) the borrower has cured such trigger event and no other trigger event is continuing, then once the balance in the seasonality reserve is at least $650,000, the borrower will not be required to make ongoing deposits to the reserve until the occurrence of another Seasonality Reserve Trigger. In the event there is a shortfall, provided no event of default is then ongoing, the lender will disburse the available funds from the escrow account during the months of January, July, August and September, in an amount not to exceed the applicable shortfall.

With respect to Loan No. 19, Arizona Grand Resort and Spa, the borrower is required to deposit on a monthly basis, an amount equal to the greatest of (i) 3.0% of the projected gross revenues for the mortgaged property (excluding revenue attributable to the villas subject to the rental pool agreement) for the prior month as set forth in the most recent approved annual budget, (ii) the then-current amount required by the management agreement and (iii) the then-current amount required by any franchise agreement, for approved capital expenditures and the repair and replacement of the FF&E.

With respect to Loan No. 19, Arizona Grand Resort and Spa, the borrower is required to deliver to the lender for deposit in the Refundable Advance Payments account, advance payments and deposits that have been paid by customers and received by the borrower, including advance payments for, among other things, group business, banquets and other events (such amounts, “Refundable Advance Payments”); provided, however, that the borrower is not required to deposit any Refundable Advance Payments with the lender until the borrower has collected over $75,000 in Refundable Advance Payments for the calendar year.

With respect to Loan No. 24, 1516 Motor Parkway, on a monthly basis, the borrowers are required to deposit 1/12th of an amount which would be sufficient to pay insurance premiums for the renewal of coverages; provided the monthly escrow for insurance will be waived for insurance premiums, so long as (i) no event of default has occurred and is continuing, (ii) the policies maintained by the borrowers covering the Mortgaged Property are part of a blanket or umbrella policy approved by the lender, including, without limitation, approval of the schedule of locations and values, (iii) the borrowers provide lender evidence of renewal of such policies, (iv) the borrowers provide the lender paid receipts for the payment of the insurance premiums by no later than 10 days prior to the lapse of the policies, and (v) if law and ordinance coverage is not maintained as part of the blanket or umbrella policy approved by the lender, the borrowers are required to (x) maintain a separate law and ordinance policy for the Mortgaged Property as required in an amount acceptable to the lender, (y) provide the lender with paid receipts for the payment of the insurance premiums for such policy by no later than 10 days prior to the lapse of such policy, and (z) provide the lender with evidence of renewal of such policy. The borrowers are required to commence making the monthly insurance deposit within five days of receipt of notice from the lender of the borrowers’ failure to comply with the above-mentioned requirements. Notwithstanding the foregoing, the borrowers will not be required to make monthly deposits into the insurance reserve so long as (i) no event of default has occurred and is continuing, (ii) the Entourage lease (or an approved triple net lease, if applicable) is in full force and effect and no default beyond any applicable cure period is continuing thereunder, (iii) Entourage lease (or an approved triple net tenant, if applicable) is required under the Entourage lease (or an approved triple net lease, if applicable) to maintain insurance covering the Mortgaged Property in form and substance satisfactory to lender, (iv) the policies maintained by Entourage lease (or an approved triple net tenant, if applicable) covering the mortgaged property are approved by the lender, (v) Entourage lease (or an approved triple net tenant, if applicable) maintains all such policies in full force and effect and (vi) the lender receives, not less than 10 days prior to the lapse of such policies, evidence reasonably satisfactory to the lender that Entourage lease (or an approved triple

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net tenant, if applicable) has paid any and all insurance premiums on all such insurance required to be maintained under the loan documents together with evidence of renewals of such insurance policies.

With respect to Loan No. 25, Spark by Hilton O’Hare, the borrower is not required to make monthly deposits for FF&E during the first year of the mortgage loan term. Commencing on the payment date in December 2025, the borrower will be required to deposit 1/12th of 4% of gross revenues monthly for the FF&E reserve.

 

(20 – Reserve Caps)

Represents a cap on the amount required to be deposited by the borrower pursuant to the related mortgage loan documents. In certain cases, during the term of the mortgage loan, the caps may be altered or terminated subject to conditions of the respective mortgage loan documents.

With respect to Loan No. 14, La Habra Marketplace, so long as no event of default is continuing, in the event that the balance of funds contained in the replacement reserve subaccount and the leasing reserve subaccount, in the aggregate, is equal to or greater than $1,250,000 (the “Reserve Cap”), then the borrower is not required to pay to the lender the replacement reserve monthly deposit or the leasing reserve monthly deposit; provided, however, that upon such time as the balance of funds contained in the replacement reserve subaccount and the leasing reserve subaccount, in the aggregate, has been reduced to an amount less than the Reserve Cap, the borrower is required to recommence paying to the lender the leasing reserve monthly deposit and the replacement reserve monthly deposit until such time as the balance of funds then contained in the leasing reserve subaccount and the replacement reserve subaccount, in the aggregate, is equal to or greater than the Reserve Cap.

 

(21 – Tenancy Information)

In certain cases, the data for tenants occupying multiple spaces includes square footage only from the primary spaces sharing the same expiration date and may not include smaller spaces with different expiration dates.

With respect to Loan No. 21, Grapevine Mills, the largest tenant, Bass Pro Shops Outdoor World, is a leased fee tenant, which owns its improvements and ground leases the underlying land from the borrower

 

(22 – Tenancy Information)

With respect to the footnotes hereto, no footnotes have been provided with respect to tenants that are not among the five largest tenants by square footage for any mortgaged property.

 

(23 – Tenancy Information)

The lease expirations shown are based on full lease terms; however, in some instances, the tenant may have the option to terminate its lease with respect to all or a portion of its leased space prior to the expiration date shown. In addition, in some instances, a tenant may have the right to assign its lease or sublease the leased premises and be released from its obligations under the subject lease.

With respect to Loan No. 19, Arizona Grand Resort and Spa, a portion of the golf course at the mortgaged property (approximately six holes at the golf course) is ground leased from the City of Phoenix, pursuant to a ground lease with an annual rent payment of $100 and an expiration date of July 30, 2057, with no further extension options.

With respect to Loan No. 4, White Oak Village, the Largest Tenant, JCPenney, leases its space pursuant to a ground lease.

 

(24 – Non-Recourse Carveout Guarantor)

With respect to Loan No. 5, Douglas Dynamics, the non-recourse carve-out guaranty is several (not joint and several), with approximate splits of 80.3% for AG Net Lease Realty Fund V REIT LLC, and 19.7% for AG Net Lease Realty Fund V Investments (H-1), L.P.

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With respect to Loan No. 6, South Carolina Industrial, until such time (if ever) that a MycoWorks Credit Rating Event (as defined below) has occurred, the borrower and guarantor will have full recourse liability for (i) a portion of the mortgage Loan in an amount equal to the Recourse Amount (as defined below) whenever the entire outstanding amount of the mortgage loan is in excess of the Recourse Amount or (ii) the entire outstanding amount of the mortgage loan whenever the outstanding principal amount of the mortgage loan is equal to or less than the Recourse Amount (the amount in (i) or (ii), as applicable, “Borrower’s Payment Obligation”), plus any and all late fees and interest accrued on Borrower’s Payment Obligation (including interest at the default rate) and collection costs and expenses incurred by the lender (including reasonable attorneys’ fees and expenses), without reduction on account of any prepayment or amortization of the mortgage loan, it being the intention that the borrower is guaranteeing the last portion of the mortgage loan to be satisfied. In addition, for purposes of this clause (d), Borrower’s Payment Obligation will not be deemed reduced by the fair market value of the mortgaged property in the event that the lender or its designee takes title to the mortgaged property by foreclosure, deed in lieu of foreclosure or otherwise, unless and until the lender or its designee receives any proceeds from a sale or other disposition of the mortgaged property.

“Recourse Amount” means an amount equal to the amount obtained by subtracting (x) $20,000,000.00 from (y) the last dollar of the outstanding principal amount of the mortgage loan; provided, however, that the Release Amount will be decreased by any amounts drawn by Lender from the MycoWorks Letter of Credit and/or the Replacement Letter of Credit and successfully applied to the outstanding principal amount of the mortgage loan.

“MycoWorks Credit Rating Event” will occur (if ever) if the lender receives evidence that MycoWorks has obtained a credit rating of at least BB by S&P (or the equivalent rating by Moody’s).

With respect to Loan No. 21, Grapevine Mills, the non-recourse carveout guarantor’s recourse obligations with respect to bankruptcy or insolvency related events is capped at 20% of the outstanding principal balance of the Grapevine Mills whole loan, plus third party costs actually incurred by the lender (including reasonable attorneys’ fees and costs) in connection with collection of amounts due under the non-recourse carveout guaranty.

 

(25 – Related Group)

Each letter identifies a group of related borrowers.

●With respect to Loan No. 5, Douglas Dynamics
●With respect to Loan No. 7, Sterling Portfolio
●With respect to Loan No. 9, Diamond Ridge Apartments
●With respect to Loan No. 11, Tropicale Foods
●With respect to Loan No. 13, Gotham Plaza
●With respect to Loan No. 16, Quail Meadows Apartments
●With respect to Loan No. 18, Quantix
●With respect to Loan No. 24, 1516 Motor Parkway

 

(26 – Lockbox Type)

The classification of the lockbox types is described in the prospectus. See “Description of the Mortgage Pool—Certain Calculations and Definitions” in the prospectus for further details.

With respect to Loan No. 8, the Creekside Town Center, no lockbox account or cash management agreement was established at origination. The related loan documents require the borrower to enter into a lockbox account agreement and a cash management agreement with the lender if (i) there is an event of default or (ii) the borrower fails to make a deposit into a required reserve fund as described below. Upon the commencement of a period (i) commencing upon the debt service coverage ratio being less than 1.15x; and (ii) expiring upon the achievement of a debt service coverage ratio of 1.15x or greater for one calendar quarter (a “Creekside DSCR Trigger Period”), the borrower is required to make a deposit in an amount equal to $767,000.00 into a DSCR trigger reserve account. If as of any anniversary of the commencement of the Creekside DSCR Trigger Event Period, such Creekside DSCR Trigger Event Period remains

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uncured, then on each such anniversary the borrower is required to elect to either (i) institute a lockbox account and cash management structure or (ii) make an additional $767,000.00 deposit to the DSCR trigger reserve account (unless the borrower has previously elected to implement a lockbox account/cash management structure which remains in effect). Upon the cure of the Creekside DSCR Trigger Event Period, (x) any funds on deposit in the DSCR trigger reserve account are to be disbursed to the borrower and (y) to the extent that clearing account/cash management structure is in place, such structure will be terminated.

 

With respect to Loan No. 21, Grapevine Mills, during the continuance of a control event or lockbox event period, the loan documents require the borrower to make ongoing monthly deposits for replacement reserves equal to approximately $41,114.

 

(27 – Tax Abatements)

With respect to Loan No. 2, The Mall of Victor Valley, the borrower sponsor and the City of Victorville entered into a long-term development agreement, effective from 2012 through 2039, which along with approving a framework for mall improvements, also included an assistance payment provision incentivizing the borrower sponsor to proceed with the development. The principal components of the redevelopment included the JCPenney expansion, Macy’s remodel, mall entry remodel, new pylon signs, and backfilling the former JCPenney with DICK’s Sporting Goods. The agreement secured tax increment financing subsidies through the City of Victorville providing a portion of sales tax receipts generated in excess of $1 million, payable annually to the borrower up to a cap of $18.9 million over the 27-year term. The redevelopment work was completed under the agreement, and borrower has received the subsidy since 2013.

With respect to Loan No. 6, South Carolina Industrial, the related mortgaged property is subject to a fee-in-lieu of taxes (“FILOT”) arrangement entered into in connection with the development of the mortgaged property that commenced in 2023 and is scheduled to expire in 2053. According to the FILOT documents, annual property taxes will be abated during the term of the FILOT arrangement subject to, among other things, (i) the obligation of the borrower and the sole tenant at the mortgaged property, MycoWorks, to make FILOT payments equal to the product of (x) the fair market value of the mortgaged property for the first year of the term of the FILOT arrangement, (y) an assessment ratio of 6% and (z) the lowest millage rate permissible, (ii) the continuous operation of the mortgaged property other than a temporary cessation not to exceed 90 days, and (iii) the satisfaction of certain minimum investment requirement by each of the borrower and MycoWorks within the timeframes set forth in the FILOT documents. In addition, all qualifying capital expenses of the borrower and MycoWorks, respectively, qualify for an infrastructure credit equal to 40% of the first ten FILOT payments due under the FILOT arrangement applied as a setoff against the FILOT payment owed for the then current year (the “Infrastructure Credits”) subject to, (i) with respect to the borrower, an investment of at least $37,140,000 in the mortgaged Property and (ii) with respect to MycoWorks, an investment of at least $70,060,000 in the mortgaged property and the creation of at least 389 new full-time jobs (the “Clawback Minimum Requirements”). In the event of a termination of the FILOT arrangement or a failure to satisfy the Clawback Minimum Requirements within the timeframes set forth in the FILOT documents, as applicable, the related county may have the right to recapture amounts abated and/or credited, as applicable (a “Clawback Payment”). The mortgage loan documents provide recourse to the related borrower and guarantor for (i) losses to the lender arising out of or in connection with, among other things, any default under the FILOT arrangement beyond any applicable notice and cure periods contained therein, and (ii) full recourse to the related borrower and guarantor for any Clawback Payment. Estimated unabated property taxes for the 2024/2025 tax year are $1,314,700 versus abated taxes (including any related FILOT Payments) of $915. The lender underwrote taxes assuming the related triple-net tenant would pay any taxes whether or not the related abatement remains in place.

With respect to Loan No. 13, Gotham Plaza, a portion of the related mortgaged property benefits from a 25-year Industrial and Commercial Incentive Program (“ICIP”) tax abatement that commenced in the 2003/2004 tax year in connection with the development of the mortgaged property and is scheduled to expire in the 2027/2028 tax year. According to the appraisal obtained in connection with the origination of the mortgage loan, the ICIP provides for (i) a 100% exemption from real estate taxes attributable to

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increases in the assessed value of the mortgaged property for years 1 through 15 of the term of the ICIP and (ii) an exemption percentage decreasing by 10% per year in years 16 through 25 of the term of the ICIP. According to the appraisal, estimated unabated real estate taxes for the applicable portion of the mortgaged property in the 2024/2025 tax year (representing year 22 of the term of the ICIP) are $1,003,096 versus abated real estate taxes of $647,837. In addition, a portion of the mortgaged property benefits from a 35-year 421-a tax abatement, provided that such abatement is contingent upon, among other things, the compliance of certain non-collateral portions of the wider development of which the mortgaged property is a part, including a 233-unit residential building, with certain affordability, rent stabilization and permitted rent requirements. According to the appraisal, the 421-a tax abatement commenced in the 2021/2022 tax year and is scheduled to expire in the 2056/2057 tax year. The 421-a tax abatement provides for (i) during years 1-25 of the term of the 421-a tax abatement, a 100% exemption of real estate taxes over a base year assessment (based on the assessment of the mortgaged property prior to the construction of the related improvements) and (ii) during years 26-35, a 30% exemption of real estate taxes over such base year assessment. According to the appraisal, estimated unabated real estate taxes for the applicable portion of the mortgaged property in the 2024/2025 tax year are $55,680 versus abated real estate taxes of $5,672. The lender underwrote real estate taxes on the basis of a ten-year average including the abatements.

With respect to Loan No. 13, Gotham Plaza, the related mortgage loan documents permit the borrower to subdivide one of the existing condominium units at the mortgaged property into two or more separate condominium units as described under “Condominium Interests and Other Shared Interests”. According to the appraisal, a purpose of the subdivision (which, if effectuated, is anticipated to result in a condominium unit comprised solely of the premises occupied by the MTA (the “MTA Unit”)) is to facilitate the application for a tax exemption for the MTA Unit. According to the appraisal, based on the MTA’s pro rata share of taxes at the mortgaged property of 16.16%, projected tax savings for the 2025/2026 tax year for the mortgaged property would be $166,963. There can be no assurance that a condominium subdivision will occur or that a tax exemption will be obtained for the MTA’s premises as expected or all. The lender underwrote taxes for the MTA’s premises assuming that the MTA would pay any taxes whether or not the related exemption is obtained.

With respect to Loan No. 22, Stop & Shop Elizabeth, the related mortgaged property is subject to a payment-in-lieu of taxes (“PILOT”) arrangement that commenced in 1999 and is scheduled to expire in 2029. According to the appraisal obtained in connection with the origination of the mortgage loan, taxes on the related improvements at the mortgaged property will be abated through the term of the PILOT arrangement (although the related land will continue to be conventionally taxed) subject to, among other things, the borrower’s obligation to make PILOT payments equal to (i) for the first six years of the abatement term, 15% of annual gross revenues at the mortgaged property, (ii) for the next six years, the greater of (x) 15% of annual gross revenues at the mortgaged property or (y) 20% of conventional taxes for the entire mortgaged property and (iii) for each successive six year period, the greater of (x) 15% of annual gross revenues at the mortgaged property and (y) a percentage of conventional taxes for the entire mortgaged property that increases incrementally by 20% so that during the last six years of the abatement period such percentage equals 80% of conventional taxes for the entire mortgaged property. At the end of the PILOT arrangement, the full tax load based on the assessment of both the land and improvements at the mortgaged property is expected to become payable. Estimated unabated taxes for the 2024 tax year are $581,581 versus abated taxes (including any related PILOT payments) of $339,126. The lender underwrote taxes assuming the related triple-net tenant would pay any taxes whether or not the related abatement remains in place.

 

(28 – Master Lease)

Intentionally Blank

 

(29 – Property Located Within a Qualified Opportunity Zone (Y/N))

Property Located Within a Qualified Opportunity Zone (Y/N) reflects mortgaged properties that are located in qualified opportunity zones ("QOZs") under Internal Revenue Code § 1400Z-2 - Notice 2018-48 and Notice 2019-42. According to the Internal Revenue Service, (1) a QOZ is an economically distressed community where new investments, under certain conditions, may be eligible for preferential tax

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treatment, and (2) localities qualify as QOZs if they have been nominated for that designation by a state, the District of Columbia, or a U.S. territory and that nomination has been certified by the Secretary of the Treasury via his delegation of authority to the Internal Revenue Service. No representation is made as to whether any Mortgaged Properties located in QOZs or the related borrowers are eligible for such preferential tax treatment or whether any qualifying investment has been made in a QOZ.

●   Loan No. 9, Diamond Ridge Apartments

 

(30 – Other)

With respect to Loan No. 2, The Mall of Victor Valley, includes $430,166 of underwritten base rent attributable to Sears which has a lease expiration date of October 24, 2024. Sears is a dark tenant but continues to pay its contractual lease obligations.

With respect to Loan No. 4, White Oak Village, Sources: Other Sources ($) consists of seller credits provided in connection with the acquisition of the mortgaged property.

With respect to Loan No. 11, Tropicale Foods, the mortgage loan documents permit the borrower to acquire a fee interest in certain real property (the “Phase 2 Property”) as described in the related loan agreement, provided that the borrower obtains the lender’s prior written consent (not to be not be unreasonably withheld, conditioned or delayed) and satisfaction of certain conditions, including, among other things, (i) no event of default exists, (ii) the borrower has given the lender at least 30 days’ prior written notice of the proposed acquisition of the Phase 2 Property (the “Phase 2 Acquisition Event”), accompanied by evidence that all of the conditions set forth in the underlying purchase agreement with respect to the mortgaged property (the “Underlying PSA”) have been or will be satisfied in the subsequent 30 day period and prior to the borrower’s acquisition of the Phase 2 Property, (iii) delivery of a REMIC opinion and satisfaction of customary REMIC requirements and (iv) the borrower pays all reasonable costs and out-of-pocket expenses of lender actually incurred in connection with the Phase 2 Acquisition Event. Notwithstanding the foregoing or anything in the loan agreement to the contrary, the borrower is required to assign its right, title, interest and obligations under the related purchase agreement with respect to the Phase 2 Property (the “Phase 2 Purchase Agreement”) to a Nominee (as defined in the Underlying PSA) upon the earlier to occur of (1) a Parking LOC Event (as defined below) and (2) (A) satisfaction by the seller of all of the conditions set forth in the Phase 2 Purchase Agreement to the borrower’s obligation to purchase the Phase 2 Property thereunder and (B) the earlier to occur of (i) the lender’s failure to consent to the borrower’s acquisition of the Phase 2 Property pursuant to the terms of the loan agreement and (ii) the date that the seller under the Phase 2 Purchase Agreement notifies the borrower in writing that the conditions set forth in the Phase 2 Purchase Agreement have been satisfied and the borrower elects in writing not to acquire the Phase 2 Property.

A “Parking LOC Event” means the date the tenant satisfies the conditions of the Tropicale lease in order that the borrower is required thereunder to return the Parking Construction Letter of Credit (as defined in the Tropicale lease) to the tenant.

With respect to Loan No. 19, Arizona Grand Resort and Spa, additional collateral for the loan includes the rental pool documents with respect to the Villa Rental Pool Rooms. The owners of the Villa Rental Pool Rooms participate in the mortgaged property’s rental pool program, whereby the units are rented out as additional hotel rooms on behalf of the villa’s owner. Under the terms of the rental pool agreements and related documents, the borrower receives a management fee of (x) with respect to each one-bedroom unit, 50% for the first $105,000 of annual rental revenue and 65% of all annual rental revenue in excess of $105,000, and (y) with respect to each suite unit, 50% for the first $70,000 of annual rental revenue and 65% of all annual rental revenue in excess of $70,000, in each case depending on the amount of annual revenue derived from the Villa Rental Pool Rooms, and a marketing fee. Each owner of the Villa Rental Pool Rooms is responsible for taxes, insurance, association dues, utilities, maintenance and renovation costs to keep the Villa Rental Pool Rooms consistent with the décor of the resort. The villa owners participating in the rental pool are permitted to reserve their Villa Rental Pool Rooms for a maximum of 60 days per year with reservations made at least one year in advance, although at the discretion of the resort management, the unit owner may use their Villa Rental Pool Rooms with shorter notice. Villa unit owners are required to provide 36 months written notice to remove their Villa Rental Pool

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Rooms from the rental pool. As of July 26, 2024, there are 101 Villa Rental Pool Rooms participating in the rental pool.

With respect to Loan No. 25, Spark by Hilton O’Hare, the mortgaged property is currently operating as a Comfort Inn under a franchise agreement which expires on or about November 20, 2026. In connection with the origination of the mortgage loan, the borrower executed a 15-year franchise agreement with Hilton Franchise Holding LLC, and upon the satisfaction of certain requirements, including completing a property improvement plan (“PIP”) to conform to Spark by Hilton brand specifications (115% of the remaining cost to complete the PIP was reserved at origination of the mortgage loan), the mortgaged property is permitted to commence operating under the Spark by Hilton brand. The franchise agreement will terminate 15 years from the opening date of the hotel under the Spark by Hilton brand. The borrower sponsor anticipates operating under the Comfort Inn brand for the next 12 to 15 months before converting to the Spark by Hilton brand. At origination of the mortgage loan, the borrower was required to reserve with the lender $1,000,000 into an economic performance reserve. From and after the monthly payment date occurring in November 2025, upon the lender’s confirmation that (i) the required PIP has been completed and paid for, (ii) the mortgaged property is operating as a Spark by Hilton and (iii) the mortgaged property has achieved a net cash flow debt yield of at least 15.5% (based on the trailing 12 calendar months) (all such conditions, the “Economic Performance Reserve Release Conditions”), the economic reserve may be released to the borrower. Additionally, the mortgage loan will initially be full recourse to the guarantors until such time that the Economic Performance Reserve Release Conditions are satisfied.

 

(31 – Cash Flow Variance)

With respect to Loan No. 12, Springfield Center, the increase from Most Recent NOI ($) to Underwritten Net Operating Income ($) is primarily due to the Largest Tenant, Bob's Discount Furniture, that accounts for 21.4% of net rentable area and $983,034 of underwritten base rent, commencing lease payments in May 2024.

 

(32 – Use of Funds)

Intentionally Blank

 

(33 – Tenants-in-common)

With respect to Loan No. 24, 1516 Motor Parkway, the borrowers own the related mortgaged property as tenants-in-common.

 

 

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