The depositor has filed a registration statement (including a prospectus) with the SEC (SEC File No. 333-259741) for the offering to which this free writing prospectus relates. Before you invest, you should read the prospectus in the registration statement and other documents the depositor has filed with the SEC for more complete information about the depositor, the issuing entity and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the depositor, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling toll free 1-866-718-1649 or by email to prospectus@ms.com.

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

This material may have been prepared by or in conjunction with the respective trading desks of the Underwriters that may deal as principal in or own or act as market maker or liquidity provider for the securities/instruments (or related derivatives) mentioned herein. The trading desk may have accumulated a position in the subject securities/instruments based on the information contained herein. Trading desk materials are not independent of the proprietary interests of the Underwriters, which may conflict with your interests. Each of the Underwriters may also perform or seek to perform investment banking services for the issuers of the securities and instruments mentioned herein.

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

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

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

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

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

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

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

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

IMPORTANT NOTICE RELATING TO AUTOMATICALLY GENERATED EMAIL DISCLAIMERS

Any legends, disclaimers or other notices that may appear at the bottom of, or attached to, the email communication to which this material may have been attached are not applicable to these materials and should be disregarded. Such legends, disclaimers or other notices have been automatically generated as a result of this material having been sent via Bloomberg or another email system.

Loan ID Number	Property Flag	Footnotes (for Loan and Property Information)	# of Properties	Property Name	Zip Code	General Property Type	Detailed Property Type	Year Built	Year Renovated	Number of Units	Unit of Measure	Loan Per Unit ($)	Original Balance ($)	Cut-off Date Balance ($)
1	Loan	5, 7, 8, 9, A	1	Marriott Anaheim	92802	Hospitality	Full Service	1981, 1983, 2007	2018	1,030	Rooms	121,359.22	110,000,000	110,000,000
2	Loan		1	2001 K Street	20006	Office	CBD	2000	2017-2019	248,238	SF	382.70	95,000,000	95,000,000
3	Loan		1	Cira Square	19104	Office	CBD	1935	2010	862,692	SF	104.32	90,000,000	90,000,000
4	Loan	7	1	MarqE Entertainment Center	77024	Retail	Anchored	1999	2011	351,567	SF	199.11	70,000,000	70,000,000
5	Loan	10, B	1	Woodyard Crossing	20735	Retail	Anchored	1995	NAP	486,894	SF	127.34	62,000,000	62,000,000
6	Loan	5, 11	1	Saks Beverly Hills	90212	Retail	Single Tenant	1993	2023	114,978	SF	782.76	61,365,000	61,365,000
7	Loan	5, 12, 13	1	488 Madison	10022	Office	CBD	1950	2012-2023	481,245	SF	207.79	60,000,000	60,000,000
8	Loan	5, 7	1	Jordan Creek Town Center	50266	Retail	Super Regional Mall	2004	NAP	940,038	SF	180.84	58,000,000	58,000,000
9	Loan		1	Towers Shopping Center	24015	Retail	Anchored	1960	2010, 2014, 2018/2019, 2023	291,244	SF	120.17	35,000,000	35,000,000
10	Loan		1	The Hollywood Ardmore	90028	Multifamily	High Rise	1962	2015	207	Units	163,043.48	33,750,000	33,750,000
11	Loan	14, 15, 16, C	1	Staybridge Suites Tysons-McLean	22101	Hospitality	Extended Stay	2001	2016-2017	142	Rooms	216,901.41	30,800,000	30,800,000
12	Loan	5, 7, 17	1	Kenwood Towne Centre	45236	Retail	Super Regional Mall	1958	1988, 2003, 2009, 2019-2023	1,033,141	SF	251.66	30,000,000	30,000,000
13	Loan	5, 18	1	Wildwood Center	30339	Office	Suburban	1987	NAP	668,082	SF	97.29	30,000,000	30,000,000
14	Loan	19	1	Anaheim Desert Inn & Suites	92802	Hospitality	Limited Service	1984	1990	147	Rooms	200,680.27	29,500,000	29,500,000
15	Loan	5	1	Pleasanton Corporate Commons	94588	Mixed Use	Office/Lab	2001	2023	295,306	SF	222.82	28,700,000	28,700,000
16	Loan	5, D	1	Gallup HQ	68102	Office	CBD	2002	2020	385,348	SF	185.55	28,600,000	28,600,000
17	Loan		1	2801 & 2815 Townsgate	91361	Office	Suburban	1985, 2001	2020	195,730	SF	140.50	27,500,000	27,500,000
18	Loan	5, 20, E	1	Columbus Business Park	43228	Industrial	Warehouse	1976	2012-2023	2,183,325	SF	28.40	24,800,000	24,800,000
19	Loan	21	1	H-Mart Plaza	07643	Retail	Anchored	1974	2021	129,329	SF	189.48	24,505,000	24,505,000
20	Loan		1	150 2nd Avenue North	37201	Mixed Use	Office/Retail	1900	2017, 2023	84,663	SF	289.38	24,500,000	24,500,000
21	Loan	22	1	Marriott Visalia Convention Center	93291	Hospitality	Full Service	1990	2019	197	Rooms	121,827.41	24,000,000	24,000,000
22	Loan	6, 7	2	Silver Lake Office Portfolio	19904	Various	Various	Various	NAP	226,252	SF	92.82	21,000,000	21,000,000
22.01	Property		1	Silver Lake Office Park	19904	Office	Suburban	1982, 1983, 1987, 1989	NAP	170,952	SF		15,654,123	15,654,123
22.02	Property		1	100 Enterprise Place	19904	Industrial	Flex	1982	NAP	55,300	SF		5,345,877	5,345,877
23	Loan		1	Chapel Hill Industrial Park	44310	Industrial	Warehouse	1966	2022	587,851	SF	35.72	21,000,000	21,000,000
24	Loan	23, 24, 25	1	Arthouse Lofts	90021	Mixed Use	Multifamily/Retail	1923	2015	52	Units	384,423.08	19,990,000	19,990,000
25	Loan	26	1	Hampton Inn Santa Barbara - Goleta	93117	Hospitality	Limited Service	2007	NAP	101	Rooms	178,217.82	18,000,000	18,000,000
26	Loan	F	1	Innovation Business Park 7	78634	Industrial	Warehouse	2024	NAP	212,832	SF	82.22	17,500,000	17,500,000
27	Loan		1	24 Hour Fitness - 1903 West Empire Avenue	91504	Retail	Single Tenant	1943	2009	47,000	SF	236.28	11,105,000	11,105,000
28	Loan		1	Harmony Place MHC	22306	Manufactured Housing	Manufactured Housing/RV Park	1938	NAP	90	Pads	103,022.22	9,272,000	9,272,000
29	Loan	G	1	Foothill Villa	91342	Multifamily	Low Rise	2023	NAP	42	Units	209,523.81	8,800,000	8,800,000
30	Loan	H	1	Spring Valley Town Center	89103	Retail	Shadow Anchored	1974, 1979, 1991, 2000	NAP	60,105	SF	129.67	7,800,000	7,793,970
31	Loan	6, 27	4	Plattsburgh MHP Portfolio	Various	Manufactured Housing	Manufactured Housing	Various	Various	246	Pads	27,845.53	6,850,000	6,850,000
31.01	Property		1	Abenaki Mobile Home Park	12901	Manufactured Housing	Manufactured Housing	1960	NAP	109	Pads		2,900,000	2,900,000
31.02	Property		1	Stony Acres Mobile Home Park	12992	Manufactured Housing	Manufactured Housing	1971	NAP	76	Pads		2,145,000	2,145,000
31.03	Property		1	Intown MHP	12901	Manufactured Housing	Manufactured Housing	1968	NAP	39	Pads		1,075,000	1,075,000
31.04	Property		1	Bolton Acres MHP	12944	Manufactured Housing	Manufactured Housing	1943	NAP	22	Pads		730,000	730,000
32	Loan		1	101-107 Industrial Ave	07643	Industrial	Warehouse	1950	2017	49,073	SF	128.38	6,300,000	6,300,000
33	Loan	28	1	22 East 177th Street	10453	Multifamily	Low Rise	1930	2023	18	Units	297,777.78	5,360,000	5,360,000
34	Loan	29	1	1681 Eastburn Ave	10457	Multifamily	Low Rise	1930	2023	17	Units	305,882.35	5,200,000	5,200,000
35	Loan		1	Sunset King Lake	32433	Manufactured Housing	RV Park	1970	2021	186	Pads	25,537.63	4,750,000	4,750,000
36	Loan		1	Extra Room Storage - Pawley's Island	29585	Self Storage	Self Storage	2003	NAP	30,734	SF	101.68	3,125,000	3,125,000
37	Loan		1	Stor365	43612	Self Storage	Self Storage	1983	2018	39,415	SF	54.29	2,140,000	2,140,000

Loan ID Number	Property Flag	Footnotes (for Loan and Property Information)	# of Properties	Property Name	Maturity/ARD Balance ($)	Interest Rate %	Administrative Fee Rate %⁽³⁾	Net Mortgage Rate %	Monthly Debt Service (P&I) ($)	Monthly Debt Service (IO) ($)	Annual Debt Service (P&I) ($)	Annual Debt Service (IO) ($)	Amortization Type	ARD Loan (Yes / No)	Interest Accrual Method	Original Interest-Only Period (Mos.)	Remaining Interest-Only Period (Mos.)
1	Loan	5, 7, 8, 9, A	1	Marriott Anaheim	110,000,000	6.37300%	0.01503%	6.35797%	NAP	592,305.44	NAP	7,107,665.28	Interest Only	No	Actual/360	60	60
2	Loan		1	2001 K Street	95,000,000	7.38800%	0.01503%	7.37297%	NAP	593,006.71	NAP	7,116,080.52	Interest Only	No	Actual/360	60	59
3	Loan		1	Cira Square	90,000,000	6.85129277777778%	0.01503%	6.83626277777778%	NAP	520,983.72	NAP	6,251,804.64	Interest Only	No	Actual/360	60	60
4	Loan	7	1	MarqE Entertainment Center	70,000,000	7.27000%	0.01503%	7.25497%	NAP	429,973.38	NAP	5,159,680.56	Interest Only	No	Actual/360	60	58
5	Loan	10, B	1	Woodyard Crossing	62,000,000	6.58000%	0.01503%	6.56497%	NAP	344,688.43	NAP	4,136,261.16	Interest Only	No	Actual/360	60	59
6	Loan	5, 11	1	Saks Beverly Hills	61,365,000	7.66300%	0.01378%	7.64922%	NAP	397,309.26	NAP	4,767,711.12	Interest Only	No	Actual/360	60	60
7	Loan	5, 12, 13	1	488 Madison	60,000,000	6.88200%	0.01503%	6.86697%	NAP	348,879.17	NAP	4,186,550.04	Interest Only	No	Actual/360	60	60
8	Loan	5, 7	1	Jordan Creek Town Center	58,000,000	7.02000%	0.01503%	7.00497%	NAP	344,012.50	NAP	4,128,150.00	Interest Only	No	Actual/360	60	56
9	Loan		1	Towers Shopping Center	35,000,000	6.57000%	0.01503%	6.55497%	NAP	194,286.46	NAP	2,331,437.52	Interest Only	No	Actual/360	60	60
10	Loan		1	The Hollywood Ardmore	33,750,000	6.53600%	0.01503%	6.52097%	NAP	186,378.13	NAP	2,236,537.56	Interest Only	No	Actual/360	60	59
11	Loan	14, 15, 16, C	1	Staybridge Suites Tysons-McLean	30,800,000	8.41200%	0.01378%	8.39822%	NAP	218,906.72	NAP	2,626,880.64	Interest Only	No	Actual/360	60	60
12	Loan	5, 7, 17	1	Kenwood Towne Centre	30,000,000	6.27100%	0.01503%	6.25597%	NAP	158,952.43	NAP	1,907,429.16	Interest Only	No	Actual/360	60	57
13	Loan	5, 18	1	Wildwood Center	30,000,000	7.98000%	0.01378%	7.96622%	NAP	202,270.83	NAP	2,427,249.96	Interest Only	No	Actual/360	60	57
14	Loan	19	1	Anaheim Desert Inn & Suites	29,500,000	6.95100%	0.01503%	6.93597%	NAP	173,252.07	NAP	2,079,024.84	Interest Only	No	Actual/360	60	59
15	Loan	5	1	Pleasanton Corporate Commons	28,700,000	7.78000%	0.01378%	7.76622%	NAP	188,656.00	NAP	2,263,872.00	Interest Only	No	Actual/360	60	59
16	Loan	5, D	1	Gallup HQ	28,600,000	7.29900%	0.01378%	7.28522%	NAP	176,375.60	NAP	2,116,507.20	Interest Only	No	Actual/360	60	59
17	Loan		1	2801 & 2815 Townsgate	27,500,000	7.27000%	0.01503%	7.25497%	NAP	168,918.11	NAP	2,027,017.32	Interest Only	No	Actual/360	60	60
18	Loan	5, 20, E	1	Columbus Business Park	24,800,000	7.04000%	0.01378%	7.02622%	NAP	147,514.07	NAP	1,770,168.84	Interest Only	No	Actual/360	60	59
19	Loan	21	1	H-Mart Plaza	24,505,000	6.92900%	0.01503%	6.91397%	NAP	143,461.18	NAP	1,721,534.16	Interest Only	No	Actual/360	60	60
20	Loan		1	150 2nd Avenue North	24,500,000	7.53000%	0.01503%	7.51497%	NAP	155,872.74	NAP	1,870,472.88	Interest Only	No	Actual/360	60	59
21	Loan	22	1	Marriott Visalia Convention Center	24,000,000	7.84700%	0.01503%	7.83197%	NAP	159,119.72	NAP	1,909,436.64	Interest Only	No	Actual/360	60	59
22	Loan	6, 7	2	Silver Lake Office Portfolio	21,000,000	7.47000%	0.01503%	7.45497%	NAP	132,540.63	NAP	1,590,487.56	Interest Only	No	Actual/360	60	59
22.01	Property		1	Silver Lake Office Park	15,654,123
22.02	Property		1	100 Enterprise Place	5,345,877
23	Loan		1	Chapel Hill Industrial Park	21,000,000	6.49500%	0.04253%	6.45247%	NAP	115,241.15	NAP	1,382,893.80	Interest Only	No	Actual/360	60	59
24	Loan	23, 24, 25	1	Arthouse Lofts	19,990,000	7.09000%	0.01378%	7.07622%	NAP	119,747.97	NAP	1,436,975.64	Interest Only	No	Actual/360	60	60
25	Loan	26	1	Hampton Inn Santa Barbara - Goleta	18,000,000	8.04000%	0.01503%	8.02497%	NAP	122,275.00	NAP	1,467,300.00	Interest Only	No	Actual/360	60	60
26	Loan	F	1	Innovation Business Park 7	17,500,000	9.30200%	0.01503%	9.28697%	NAP	137,538.25	NAP	1,650,459.00	Interest Only	No	Actual/360	60	59
27	Loan		1	24 Hour Fitness - 1903 West Empire Avenue	10,541,229	7.10000%	0.01503%	7.08497%	74,629.15	NAP	895,549.80	NAP	Amortizing Balloon	No	Actual/360	0	0
28	Loan		1	Harmony Place MHC	9,272,000	7.14000%	0.07253%	7.06747%	NAP	55,934.63	NAP	671,215.56	Interest Only	No	Actual/360	60	59
29	Loan	G	1	Foothill Villa	8,800,000	6.85000%	0.01503%	6.83497%	NAP	50,931.02	NAP	611,172.24	Interest Only	No	Actual/360	60	60
30	Loan	H	1	Spring Valley Town Center	7,331,527	6.26000%	0.01503%	6.24497%	48,076.68	NAP	576,920.16	NAP	Amortizing Balloon	No	Actual/360	0	0
31	Loan	6, 27	4	Plattsburgh MHP Portfolio	6,850,000	7.36500%	0.01503%	7.34997%	NAP	42,625.79	NAP	511,509.48	Interest Only	No	Actual/360	60	58
31.01	Property		1	Abenaki Mobile Home Park	2,900,000
31.02	Property		1	Stony Acres Mobile Home Park	2,145,000
31.03	Property		1	Intown MHP	1,075,000
31.04	Property		1	Bolton Acres MHP	730,000
32	Loan		1	101-107 Industrial Ave	6,300,000	7.38000%	0.01503%	7.36497%	NAP	39,283.13	NAP	471,397.56	Interest Only	No	Actual/360	60	60
33	Loan	28	1	22 East 177th Street	5,360,000	7.07000%	0.01503%	7.05497%	NAP	32,017.94	NAP	384,215.28	Interest Only	No	Actual/360	60	60
34	Loan	29	1	1681 Eastburn Ave	5,200,000	6.92000%	0.01503%	6.90497%	NAP	30,403.15	NAP	364,837.80	Interest Only	No	Actual/360	60	59
35	Loan		1	Sunset King Lake	4,750,000	7.80000%	0.01503%	7.78497%	NAP	31,303.82	NAP	375,645.84	Interest Only	No	Actual/360	60	60
36	Loan		1	Extra Room Storage - Pawley's Island	3,125,000	6.73500%	0.01503%	6.71997%	NAP	17,782.66	NAP	213,391.92	Interest Only	No	Actual/360	60	60
37	Loan		1	Stor365	2,140,000	7.98700%	0.01503%	7.97197%	NAP	14,441.31	NAP	173,295.72	Interest Only	No	Actual/360	60	59

Loan ID Number	Property Flag	Footnotes (for Loan and Property Information)	# of Properties	Property Name	Original Term To Maturity / ARD (Mos.)	Remaining Term To Maturity / ARD (Mos.)	Original Amortization Term (Mos.)	Remaining Amortization Term (Mos.)	Origination Date	Seasoning (Mos.)	Payment Due Date	First Payment Date	First P&I Payment Date	Maturity Date or Anticipated Repayment Date	Final Maturity Date	Grace Period to Late Charge (Days)	Grace Period to Default (Days)
1	Loan	5, 7, 8, 9, A	1	Marriott Anaheim	60	60	0	0	5/17/2024	0	1	7/1/2024	NAP	6/1/2029	NAP	0	3
2	Loan		1	2001 K Street	60	59	0	0	5/9/2024	1	11	6/11/2024	NAP	5/11/2029	NAP	0	0
3	Loan		1	Cira Square	60	60	0	0	5/6/2024	0	1	7/1/2024	NAP	6/1/2029	NAP	0	0
4	Loan	7	1	MarqE Entertainment Center	60	58	0	0	4/8/2024	2	11	5/11/2024	NAP	4/11/2029	NAP	0	0
5	Loan	10, B	1	Woodyard Crossing	60	59	0	0	4/4/2024	1	1	6/1/2024	NAP	5/1/2029	NAP	0	5
6	Loan	5, 11	1	Saks Beverly Hills	60	60	0	0	5/13/2024	0	5	7/5/2024	NAP	6/5/2029	NAP	0	0
7	Loan	5, 12, 13	1	488 Madison	60	60	0	0	5/14/2024	0	1	7/1/2024	NAP	6/1/2029	NAP	5	5
8	Loan	5, 7	1	Jordan Creek Town Center	60	56	0	0	2/1/2024	4	1	3/1/2024	NAP	2/1/2029	NAP	0	0
9	Loan		1	Towers Shopping Center	60	60	0	0	5/6/2024	0	1	7/1/2024	NAP	6/1/2029	NAP	5	5
10	Loan		1	The Hollywood Ardmore	60	59	0	0	5/10/2024	1	11	6/11/2024	NAP	5/11/2029	NAP	0	0
11	Loan	14, 15, 16, C	1	Staybridge Suites Tysons-McLean	60	60	0	0	5/10/2024	0	1	7/1/2024	NAP	6/1/2029	NAP	0	0
12	Loan	5, 7, 17	1	Kenwood Towne Centre	60	57	0	0	2/9/2024	3	1	4/1/2024	NAP	3/1/2029	NAP	0	0
13	Loan	5, 18	1	Wildwood Center	60	57	0	0	2/26/2024	3	6	4/6/2024	NAP	3/6/2029	NAP	0	0
14	Loan	19	1	Anaheim Desert Inn & Suites	60	59	0	0	5/1/2024	1	11	6/11/2024	NAP	5/11/2029	NAP	0	0
15	Loan	5	1	Pleasanton Corporate Commons	60	59	0	0	5/6/2024	1	6	6/6/2024	NAP	5/6/2029	NAP	0	0
16	Loan	5, D	1	Gallup HQ	60	59	0	0	4/30/2024	1	6	6/6/2024	NAP	5/6/2029	NAP	0	0
17	Loan		1	2801 & 2815 Townsgate	60	60	0	0	5/10/2024	0	1	7/1/2024	NAP	6/1/2029	NAP	3	3
18	Loan	5, 20, E	1	Columbus Business Park	60	59	0	0	4/19/2024	1	5	6/5/2024	NAP	5/5/2029	NAP	0	0
19	Loan	21	1	H-Mart Plaza	60	60	0	0	5/15/2024	0	1	7/1/2024	NAP	6/1/2029	NAP	0	0
20	Loan		1	150 2nd Avenue North	60	59	0	0	5/6/2024	1	11	6/11/2024	NAP	5/11/2029	NAP	0	0
21	Loan	22	1	Marriott Visalia Convention Center	60	59	0	0	4/30/2024	1	1	6/1/2024	NAP	5/1/2029	NAP	5	4
22	Loan	6, 7	2	Silver Lake Office Portfolio	60	59	0	0	4/19/2024	1	1	6/1/2024	NAP	5/1/2029	NAP	0	5
22.01	Property		1	Silver Lake Office Park
22.02	Property		1	100 Enterprise Place
23	Loan		1	Chapel Hill Industrial Park	60	59	0	0	5/9/2024	1	11	6/11/2024	NAP	5/11/2029	NAP	5	0
24	Loan	23, 24, 25	1	Arthouse Lofts	60	60	0	0	5/9/2024	0	6	7/6/2024	NAP	6/6/2029	NAP	0	0
25	Loan	26	1	Hampton Inn Santa Barbara - Goleta	60	60	0	0	5/13/2024	0	1	7/1/2024	NAP	6/1/2029	NAP	0	5
26	Loan	F	1	Innovation Business Park 7	60	59	0	0	4/12/2024	1	1	6/1/2024	NAP	5/1/2029	NAP	0	0
27	Loan		1	24 Hour Fitness - 1903 West Empire Avenue	60	60	360	360	5/7/2024	0	1	7/1/2024	7/1/2024	6/1/2029	NAP	5	5
28	Loan		1	Harmony Place MHC	60	59	0	0	4/11/2024	1	1	6/1/2024	NAP	5/1/2029	NAP	5	5
29	Loan	G	1	Foothill Villa	60	60	0	0	5/6/2024	0	1	7/1/2024	NAP	6/1/2029	NAP	5	5
30	Loan	H	1	Spring Valley Town Center	60	59	360	359	4/5/2024	1	1	6/1/2024	6/1/2024	5/1/2029	NAP	5	5
31	Loan	6, 27	4	Plattsburgh MHP Portfolio	60	58	0	0	4/11/2024	2	11	5/11/2024	NAP	4/11/2029	NAP	0	0
31.01	Property		1	Abenaki Mobile Home Park
31.02	Property		1	Stony Acres Mobile Home Park
31.03	Property		1	Intown MHP
31.04	Property		1	Bolton Acres MHP
32	Loan		1	101-107 Industrial Ave	60	60	0	0	5/3/2024	0	1	7/1/2024	NAP	6/1/2029	NAP	5	5
33	Loan	28	1	22 East 177th Street	60	60	0	0	5/13/2024	0	1	7/1/2024	NAP	6/1/2029	NAP	0	5
34	Loan	29	1	1681 Eastburn Ave	60	59	0	0	4/12/2024	1	1	6/1/2024	NAP	5/1/2029	NAP	0	5
35	Loan		1	Sunset King Lake	60	60	0	0	5/2/2024	0	1	7/1/2024	NAP	6/1/2029	NAP	5	4
36	Loan		1	Extra Room Storage - Pawley's Island	60	60	0	0	5/10/2024	0	11	7/11/2024	NAP	6/11/2029	NAP	0	0
37	Loan		1	Stor365	60	59	0	0	4/16/2024	1	11	6/11/2024	NAP	5/11/2029	NAP	0	0

Loan ID Number	Property Flag	Footnotes (for Loan and Property Information)	# of Properties	Property Name	Prepayment Provisions (No. of Payments)	Most Recent EGI ($)	Most Recent Expenses ($)	Most Recent NOI ($)	Most Recent NOI Date	Most Recent Description	Second Most Recent EGI ($)	Second Most Recent Expenses ($)	Second Most Recent NOI ($)	Second Most Recent NOI Date	Second Most Recent Description
1	Loan	5, 7, 8, 9, A	1	Marriott Anaheim	L(24),DorYM1(29),O(7)	10,306,767	0	10,306,767	12/31/2023	T-12	10,306,767	0	10,306,767	12/31/2022	T-12
2	Loan		1	2001 K Street	L(25),D(28),O(7)	14,069,474	7,245,881	6,823,593	12/31/2023	T-12	12,623,905	7,339,267	5,284,638	12/31/2022	T-12
3	Loan		1	Cira Square	L(24),D(30),O(6)	32,088,096	11,947,746	20,140,350	12/31/2023	T-12	31,820,828	12,161,732	19,659,096	12/31/2022	T-12
4	Loan	7	1	MarqE Entertainment Center	L(26),D(30),O(4)	11,993,888	5,413,299	6,580,590	12/31/2023	T-12	12,395,581	5,618,228	6,777,353	12/31/2022	T-12
5	Loan	10, B	1	Woodyard Crossing	L(23),YM1(32),O(5)	8,906,708	3,068,434	5,838,275	12/31/2023	T-12	8,981,207	3,110,408	5,870,800	12/31/2022	T-12
6	Loan	5, 11	1	Saks Beverly Hills	L(24),D(30),O(6)	NAV	NAV	NAV	NAV	NAV	NAV	NAV	NAV	NAV	NAV
7	Loan	5, 12, 13	1	488 Madison	L(24),D(31),O(5)	19,483,978	13,079,611	6,404,367	2/29/2024	T-12	19,409,060	13,257,252	6,151,808	12/31/2023	T-12
8	Loan	5, 7	1	Jordan Creek Town Center	L(28),D(28),O(4)	38,499,461	14,452,236	24,047,225	12/31/2023	T-12	34,880,800	13,031,356	21,849,444	12/31/2022	T-12
9	Loan		1	Towers Shopping Center	L(24),D(29),O(7)	5,294,815	1,743,472	3,551,343	12/31/2023	T-12	5,342,185	1,651,773	3,690,412	12/31/2022	T-12
10	Loan		1	The Hollywood Ardmore	L(25),D(31),O(4)	6,393,102	3,020,021	3,373,081	3/31/2024	T-12	5,809,558	3,081,215	2,728,343	12/31/2023	T-12
11	Loan	14, 15, 16, C	1	Staybridge Suites Tysons-McLean	L(25),YM1(30),O(5)	7,884,927	3,931,899	3,953,028	3/31/2024	T-12	7,591,128	3,752,477	3,838,651	12/31/2023	T-12
12	Loan	5, 7, 17	1	Kenwood Towne Centre	L(27),D(26),O(7)	51,156,712	13,470,861	37,685,851	12/31/2023	T-12	50,448,758	13,294,184	37,154,574	12/31/2022	T-12
13	Loan	5, 18	1	Wildwood Center	L(27),D(29),O(4)	13,009,482	5,614,290	7,395,191	12/31/2023	T-12	11,834,267	5,204,998	6,629,269	12/31/2022	T-12
14	Loan	19	1	Anaheim Desert Inn & Suites	L(25),D(31),O(4)	11,760,997	5,270,956	6,490,041	3/31/2024	T-12	11,504,816	5,277,941	6,226,875	12/31/2023	T-12
15	Loan	5	1	Pleasanton Corporate Commons	L(25),D(31),O(4)	13,669,626	6,255,061	7,414,565	3/31/2024	T-12	13,049,651	6,096,756	6,952,895	12/31/2023	T-12
16	Loan	5, D	1	Gallup HQ	L(12),YM1(13),DorYM1(30),O(5)	NAV	NAV	NAV	NAV	NAV	NAV	NAV	NAV	NAV	NAV
17	Loan		1	2801 & 2815 Townsgate	L(24),D(29),O(7)	5,225,053	2,144,137	3,080,916	12/31/2023	T-12	4,878,530	2,108,790	2,769,740	12/31/2022	T-12
18	Loan	5, 20, E	1	Columbus Business Park	L(24),YM1(1),DorYM1(29),O(6)	11,447,223	3,456,686	7,990,537	1/31/2024	T-12	11,265,521	3,405,931	7,859,590	12/31/2023	T-12
19	Loan	21	1	H-Mart Plaza	L(24),D(29),O(7)	3,500,016	1,805,967	1,694,049	3/31/2024	T-12	3,331,334	1,735,710	1,595,624	12/31/2023	T-12
20	Loan		1	150 2nd Avenue North	L(25),D(28),O(7)	NAV	NAV	NAV	NAV	NAV	NAV	NAV	NAV	NAV	NAV
21	Loan	22	1	Marriott Visalia Convention Center	L(25),D(28),O(7)	12,776,683	9,282,346	3,494,337	3/31/2024	T-12	12,645,738	9,111,274	3,534,464	12/31/2023	T-12
22	Loan	6, 7	2	Silver Lake Office Portfolio	L(25),D(28),O(7)	4,226,441	1,427,631	2,798,810	1/31/2024	T-12	4,145,856	1,421,529	2,724,327	12/31/2023	T-12
22.01	Property		1	Silver Lake Office Park		NAV	NAV	NAV	NAV	NAV	NAV	NAV	NAV	NAV	NAV
22.02	Property		1	100 Enterprise Place		NAV	NAV	NAV	NAV	NAV	NAV	NAV	NAV	NAV	NAV
23	Loan		1	Chapel Hill Industrial Park	L(25),D(31),O(4)	1,504,070	840,535	663,535	12/31/2023	T-12	NAV	NAV	NAV	NAV	NAV
24	Loan	23, 24, 25	1	Arthouse Lofts	L(24),D(29),O(7)	2,290,668	535,004	1,755,664	3/31/2024	T-12	2,343,108	560,900	1,782,208	12/31/2023	T-12
25	Loan	26	1	Hampton Inn Santa Barbara - Goleta	L(24),D(29),O(7)	6,754,623	4,182,335	2,572,288	3/31/2024	T-12	6,970,415	4,272,810	2,697,605	12/31/2023	T-12
26	Loan	F	1	Innovation Business Park 7	L(13),YM1(40),O(7)	NAV	NAV	NAV	NAV	NAV	NAV	NAV	NAV	NAV	NAV
27	Loan		1	24 Hour Fitness - 1903 West Empire Avenue	L(24),D(29),O(7)	1,923,868	272,106	1,651,762	12/31/2023	T-12	1,905,939	241,414	1,664,525	12/31/2022	T-12
28	Loan		1	Harmony Place MHC	L(25),D(30),O(5)	1,014,893	274,217	740,675	2/29/2024	T-12	998,225	275,725	722,500	12/31/2023	T-12
29	Loan	G	1	Foothill Villa	L(23),YM1(30),O(7)	NAV	NAV	NAV	NAV	NAV	NAV	NAV	NAV	NAV	NAV
30	Loan	H	1	Spring Valley Town Center	L(24),YM1(29),O(7)	2,253,703	697,463	1,556,240	12/31/2023	T-12	2,265,060	603,167	1,661,893	12/31/2022	T-12
31	Loan	6, 27	4	Plattsburgh MHP Portfolio	L(26),D(30),O(4)	1,049,409	328,261	721,148	2/29/2024	T-12	1,028,243	346,156	682,087	12/31/2023	T-12
31.01	Property		1	Abenaki Mobile Home Park		412,328	153,454	258,875	2/29/2024	T-12	402,550	178,204	224,346	12/31/2023	T-12
31.02	Property		1	Stony Acres Mobile Home Park		309,488	55,379	254,109	2/29/2024	T-12	303,476	53,749	249,727	12/31/2023	T-12
31.03	Property		1	Intown MHP		186,941	50,658	136,284	2/29/2024	T-12	187,699	47,908	139,791	12/31/2023	T-12
31.04	Property		1	Bolton Acres MHP		140,652	68,771	71,881	2/29/2024	T-12	134,518	66,294	68,224	12/31/2023	T-12
32	Loan		1	101-107 Industrial Ave	L(24),D(32),O(4)	800,694	343,645	457,049	12/31/2023	T-12	690,733	302,621	388,112	12/31/2022	T-12
33	Loan	28	1	22 East 177th Street	L(24),D(32),O(4)	NAV	NAV	NAV	NAV	NAV	NAV	NAV	NAV	NAV	NAV
34	Loan	29	1	1681 Eastburn Ave	L(25),D(31),O(4)	NAV	NAV	NAV	NAV	NAV	NAV	NAV	NAV	NAV	NAV
35	Loan		1	Sunset King Lake	L(24),D(32),O(4)	1,361,265	821,799	539,466	3/31/2024	T-12	1,317,685	763,022	554,663	12/31/2023	T-12
36	Loan		1	Extra Room Storage - Pawley's Island	L(24),D(32),O(4)	417,676	163,091	254,585	2/29/2024	T-12	415,053	169,817	245,236	12/31/2023	T-12
37	Loan		1	Stor365	L(25),D(31),O(4)	396,740	180,445	216,295	12/31/2023	T-12	335,425	160,543	174,882	12/31/2022	T-12

Loan ID Number	Property Flag	Footnotes (for Loan and Property Information)	# of Properties	Property Name	Third Most Recent EGI ($)	Third Most Recent Expenses ($)	Third Most Recent NOI ($)	Third Most Recent NOI Date	Third Most Recent Description	Underwritten Economic Occupancy (%)	Underwritten EGI ($)	Underwritten Expenses ($)	Underwritten Net Operating Income ($)	Underwritten Replacement / FF&E Reserve ($)	Underwritten TI / LC ($)
1	Loan	5, 7, 8, 9, A	1	Marriott Anaheim	10,303,778	0	10,303,778	12/31/2021	T-12	NAV	10,306,767	0	10,306,767	0	0
2	Loan		1	2001 K Street	7,877,637	7,127,923	749,714	12/31/2021	T-12	91.6%	19,433,161	7,240,550	12,192,611	49,648	372,357
3	Loan		1	Cira Square	31,615,222	11,475,720	20,139,502	12/31/2021	T-12	97.5%	31,552,678	12,386,575	19,166,103	215,673	862,692
4	Loan	7	1	MarqE Entertainment Center	11,036,402	5,298,739	5,737,662	12/31/2021	T-12	95.0%	13,365,107	5,428,041	7,937,067	52,934	163,675
5	Loan	10, B	1	Woodyard Crossing	8,750,755	3,005,818	5,744,937	12/31/2021	T-12	95.0%	8,800,102	2,988,159	5,811,943	52,037	348,575
6	Loan	5, 11	1	Saks Beverly Hills	NAV	NAV	NAV	NAV	NAV	97.0%	16,320,592	4,257,401	12,063,191	17,247	114,978
7	Loan	5, 12, 13	1	488 Madison	23,626,906	13,457,905	10,169,001	12/31/2022	T-12	82.6%	27,471,037	11,890,811	15,580,226	95,753	1,973,196
8	Loan	5, 7	1	Jordan Creek Town Center	31,769,738	13,191,313	18,578,424	12/31/2021	T-12	98.0%	39,618,452	15,095,846	24,522,606	263,211	940,038
9	Loan		1	Towers Shopping Center	5,205,651	1,591,288	3,614,363	12/31/2021	T-12	93.3%	5,535,020	1,626,310	3,908,710	43,687	276,785
10	Loan		1	The Hollywood Ardmore	5,919,339	3,214,898	2,704,441	12/31/2022	T-12	95.0%	6,343,846	3,344,216	2,999,630	64,960	0
11	Loan	14, 15, 16, C	1	Staybridge Suites Tysons-McLean	6,452,622	3,456,364	2,996,258	12/31/2022	T-12	85.0%	8,134,952	3,955,897	4,179,055	325,398	0
12	Loan	5, 7, 17	1	Kenwood Towne Centre	46,624,468	12,851,993	33,772,475	12/31/2021	T-12	92.8%	50,721,444	12,770,752	37,950,692	206,628	1,604,875
13	Loan	5, 18	1	Wildwood Center	12,384,942	5,237,077	7,147,865	12/31/2021	T-12	76.2%	14,357,783	5,345,279	9,012,505	133,616	0
14	Loan	19	1	Anaheim Desert Inn & Suites	10,767,594	4,446,295	6,321,299	12/31/2022	T-12	88.9%	11,730,700	5,232,255	6,498,445	469,228	0
15	Loan	5	1	Pleasanton Corporate Commons	10,570,084	5,733,264	4,836,820	12/31/2022	T-12	95.0%	14,036,433	5,556,374	8,480,059	59,061	693,969
16	Loan	5, D	1	Gallup HQ	NAV	NAV	NAV	NAV	NAV	95.0%	10,749,839	322,495	10,427,344	57,802	0
17	Loan		1	2801 & 2815 Townsgate	4,682,517	1,981,048	2,701,469	12/31/2021	T-12	86.6%	6,073,625	2,171,549	3,902,076	48,933	351,675
18	Loan	5, 20, E	1	Columbus Business Park	8,717,178	3,254,004	5,463,174	12/31/2022	T-12	92.6%	12,831,872	3,531,569	9,300,303	218,333	467,930
19	Loan	21	1	H-Mart Plaza	2,086,274	1,419,330	666,944	12/31/2022	T-12	95.0%	4,230,599	1,766,487	2,464,112	25,866	96,998
20	Loan		1	150 2nd Avenue North	NAV	NAV	NAV	NAV	NAV	95.0%	3,593,627	803,968	2,789,658	23,706	84,663
21	Loan	22	1	Marriott Visalia Convention Center	11,835,300	8,753,556	3,081,744	12/31/2022	T-12	75.5%	12,722,098	9,457,717	3,264,381	443,867	0
22	Loan	6, 7	2	Silver Lake Office Portfolio	3,773,678	1,340,056	2,433,622	12/31/2022	T-12	90.1%	4,338,455	1,422,120	2,916,335	45,250	127,250
22.01	Property		1	Silver Lake Office Park	NAV	NAV	NAV	NAV	NAV	NAV	NAV	NAV	NAV	NAV	NAV
22.02	Property		1	100 Enterprise Place	NAV	NAV	NAV	NAV	NAV	NAV	NAV	NAV	NAV	NAV	NAV
23	Loan		1	Chapel Hill Industrial Park	NAV	NAV	NAV	NAV	NAV	87.3%	3,358,037	1,390,759	1,967,278	88,178	88,178
24	Loan	23, 24, 25	1	Arthouse Lofts	2,296,737	552,975	1,743,762	12/31/2022	T-12	93.5%	2,589,828	662,939	1,926,889	13,000	26,445
25	Loan	26	1	Hampton Inn Santa Barbara - Goleta	7,185,728	4,048,312	3,137,416	12/31/2022	T-12	81.4%	6,754,623	4,065,084	2,689,539	270,185	0
26	Loan	F	1	Innovation Business Park 7	NAV	NAV	NAV	NAV	NAV	95.0%	2,321,209	69,636	2,251,573	31,925	102,690
27	Loan		1	24 Hour Fitness - 1903 West Empire Avenue	1,897,105	271,733	1,625,372	12/31/2021	T-12	95.0%	1,819,504	319,600	1,499,904	11,750	61,100
28	Loan		1	Harmony Place MHC	921,809	262,772	659,037	12/31/2022	T-12	92.2%	1,181,028	267,525	913,504	7,711	0
29	Loan	G	1	Foothill Villa	NAV	NAV	NAV	NAV	NAV	95.0%	1,167,360	265,200	902,160	10,500	0
30	Loan	H	1	Spring Valley Town Center	2,105,789	600,595	1,505,194	12/31/2021	T-12	81.9%	2,082,680	692,942	1,389,738	10,218	108,518
31	Loan	6, 27	4	Plattsburgh MHP Portfolio	960,347	384,443	575,904	Various	T-12	81.5%	1,101,071	415,527	685,544	14,000	0
31.01	Property		1	Abenaki Mobile Home Park	383,690	177,569	206,122	12/31/2022	T-12	78.9%	449,508	172,523	276,985	5,450	0
31.02	Property		1	Stony Acres Mobile Home Park	260,227	91,374	168,853	12/31/2022	T-12	84.9%	320,075	95,412	224,664	3,800	0
31.03	Property		1	Intown MHP	201,524	62,670	138,855	12/31/2022	T-12	82.1%	188,908	75,711	113,197	1,950	0
31.04	Property		1	Bolton Acres MHP	114,905	52,830	62,075	12/31/2021	T-12	82.3%	142,581	71,883	70,698	2,800	0
32	Loan		1	101-107 Industrial Ave	616,058	298,402	317,656	12/31/2021	T-12	91.4%	1,015,434	355,427	660,007	10,099	39,295
33	Loan	28	1	22 East 177th Street	NAV	NAV	NAV	NAV	NAV	95.0%	614,369	93,505	520,864	4,500	0
34	Loan	29	1	1681 Eastburn Ave	NAV	NAV	NAV	NAV	NAV	95.0%	589,243	89,410	499,833	4,250	0
35	Loan		1	Sunset King Lake	1,264,109	599,861	664,248	12/31/2022	T-12	81.7%	1,380,782	850,908	529,874	10,743	0
36	Loan		1	Extra Room Storage - Pawley's Island	404,901	191,240	213,661	12/31/2022	T-12	95.0%	430,420	152,679	277,742	3,073	0
37	Loan		1	Stor365	346,732	169,832	176,900	9/30/2021	T-12	82.3%	420,825	174,314	246,511	3,942	0

		FREE WRITING PROSPECTUS
		FILED PURSUANT TO RULE 433
		REGISTRATION FILE NO.: 333-259741-08

(1)	MSBNA—Morgan Stanley Bank, N.A.; BANA—Bank of America, National Association; MSMCH—Morgan Stanley Mortgage Capital Holdings LLC; WFB—Wells Fargo Bank, National Association; JPMCB—JPMorgan Chase Bank, National Association.

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

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

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

(5)	With respect to Mortgage Loan No. 1, Marriott Anaheim, Mortgage Loan No. 3, Cira Square, Mortgage Loan No. 6, Saks Beverly Hills, Mortgage Loan No. 7, 488 Madison, Mortgage Loan No. 8, Jordan Creek Town Center, Mortgage Loan No. 12, Kenwood Towne Centre, Mortgage Loan No. 13, Wildwood Center, Mortgage Loan No. 15, Pleasanton Corporate Commons, Mortgage Loan No. 16, Gallup HQ and Mortgage Loan No. 18, Columbus Business Park, such Mortgage Loans are part of a whole loan related to the Issuing Entity. For purposes of the statistical information set forth in this prospectus as to such Mortgage Loans, all LTV, DSCR, Debt Yield and Loan Per Unit ($) calculations are in each case based on the subject Mortgage Loan together with any related Pari Passu Companion Loan, but (unless otherwise indicated) without regard to any related Subordinate Companion Loan(s). For further information, see “Description of the Mortgage Pool—The Whole Loans—General”, “—The Serviced Pari Passu Whole Loans”, “—The Non-Serviced Pari Passu Whole Loans”, and “Pooling and Servicing Agreement” or “Pooling and Servicing Agreement—Servicing of the Non-Serviced Mortgage Loans,” as applicable, in this prospectus.

(6)	With respect to Mortgage Loan No. 22, Silver Lake Office Portfolio and Mortgage Loan No. 31, Plattsburgh MHP Portfolio, such Mortgage Loans are secured by multiple properties. For purposes of the statistical information set forth in this prospectus as to such Mortgage Loans, all LTV, DSCR, Debt Yield and Loan Per Unit ($) calculations are shown on an aggregate basis, and a portion of the Cut-off Date Balance has been allocated to each Mortgaged Property based on the respective Appraised Values and/or Underwritten NCF, among other methods.

(7)	With respect to Mortgage Loan No. 1, Marriott Anaheim, Mortgage Loan No. 4, MarqE Entertainment Center, Mortgage Loan No. 8, Jordan Creek Town Center, Mortgage Loan No. 12, Kenwood Towne Center and Mortgage Loan No. 22, Silver Lake Office Portfolio, the related loan documents permit an outparcel or other release without prepayment or defeasance. See “Description of the Mortgage Pool—Certain Terms of the Mortgage Loans—Releases; Partial Releases; Property Additions” in this prospectus.

(8)	With respect to Mortgage Loan No. 1, Marriott Anaheim, the appraisal concluded to an “as-is” value for the Marriott Anaheim Property of $190,000,000. The appraiser also provided a hypothetical fee simple value of $387,700,000, which assumes the related oOperating Llease (as defined below)between the related borrower and Marriott Hotel Services, LLC is dissolved and the borrower assumes full ownership of the Marriott Anaheim Property’s operational cash flows. This results in a look look-through Cut-off Date LTV Ratio and Maturity Date LTV Ratio of 32.2%.

(9)	With respect to Mortgage Loan No. 1, Marriott Anaheim, the Marriott Anaheim Property operates under a long-term operating lease agreement (the "Operating Lease") between the borrower, as lessor, and Marriott Hotel Services, LLC ("Marriott"), as lessee, whereby the lessee is responsible for a monthly Operating Lease payment to the borrower and retains any profit in excess of the operating Operating lease Lease payment from the operations of the Marriott Anaheim Propertyproperty. The Operating Lease has an expiration date of December 31, 2031 and Marriott has one remaining 25-year renewal option which would extend the operating lease through December 31, 2056. Base rent under the Operating Lease is equal to 10.0% of the borrower’s invested capital. As of loan origination, the borrower’s invested capital has a current balance of $103,067,669, resulting in a current annual base rent under the Operating Lease of $10,306,767. The base rent payment cannot decline but has the potential to increase if the borrower invests additional capital to upgrade the Marriott Anaheim Property during the Operating Lease term. The Operating Lease is triple net, with Marriott being responsible for direct payment of all real estate taxes, insurance, utilities, operating costs and maintenance costs. Underwritten and historical financials represent the Operating Lease payment. Historical ARD, RevPar and occupancy information represents the performance of the underlying hotel operations.

(10)	With respect to Mortgage Loan No. 5, Woodyard Crossing, on no more than three occasions during the term of the Mortgage Loan, and no more than once in any twelve month period, the borrower will have a grace period of three days following notice to borrower that any monthly debt service payment amount is due.

(11)	With respect to Mortgage Loan No. 6, Saks Beverly Hills, the annual ground rent under the related ground lease (the “Ground Lease”) is scheduled to escalate every seven-year period, where each new seven-year ground rent equals the previous seven-year annual rent plus adjustment based on the Consumer Price Index for All Urban Consumers for Los Angeles-Anaheim-Riverside as published by the U.S. Department of Labor, Bureau of Labor Statistics. Each such ground rent escalation is subject to a 6% cap per lease year (compounded and cumulative) for each seven-year period preceding the related adjustment date, which cap is further subject to other considerations as set forth in the Ground Lease. The next escalation is scheduled to occur in January 2025.

(12)	With respect to Mortgage Loan No. 7, 488 Madison, the appraisal concluded to a “Market Value Assuming ADNY Reserves” value for the 488 Madison Property (as defined below) of $220,000,000 as of April 1, 2024, which assumes that the contractual obligations from the Archdiocese of New York lease (free rent, tenant improvements, leasing costs, and other capital expenditures) would be funded by a cash reserve held in escrow and that such reserved funds would be available for any potential purchase. At origination, the borrower reserved $20,353,872 for outstanding amounts for the Archdiocese of New York tenant improvement and allowances, and $2,127,815 for the Archdiocese of New York tenant leasing commissions with the lender. Additionally, the borrower provided a letter of credit to the lender in the amount of $8,462,090 for the tenant Archdiocese of New York’s free rent funds and gap rent funds. The appraisal concluded to an “As-Is” appraised value of $180,000,000 as of April 1, 2024, resulting in a Cut-off Date LTV Ratio and Maturity Date LTV Ratio of 55.6%. In addition, the appraisal employs the extraordinary assumptions that the 488 Madison Property will be subdivided into condominiums and that the Archdiocese of New York unit real estate tax exemption will be granted, and that beginning March 1, 2025, the real estate taxes attributable to the Archdiocese of New York tax lot (29.528% of real estate taxes) will be abated. Without the tax exemption, underwritten NOI DSCR, NCF DSCR, NOI Debt Yield and NCF Debt Yield would be 1.97x, 1.67x, 13.7% and 11.7%, respectively.

(13)	With respect to Mortgage Loan No. 7, 488 Madison, under the lease of the largest tenant, Archdiocese of New York, the borrower is required to establish a condominium regime for the 488 Madison Property, and subdivide the building into three or more fee condominiums units. Such condominium has been formed. The Archdiocese of New York leased space encompasses the entirety of one fee condominium unit. Such structure is intended to allow the Archdiocese of New York to create a leasehold condominium in order to apply for a real estate tax exemption for their portion of the 488 Madison Property’s real estate tax liability. Once the fee condominium structure has been created, the tenant is responsible for obtaining tax-exempt status and if the Archdiocese of New York fails to abate its property tax obligation, it will be responsible for paying its pro-rata-share of property taxes (29.528%).

(14)	With respect to Mortgage Loan No. 11, Staybridge Suites Tysons-McLean, the Appraised Value represents an “As-If PIP Escrowed” appraised value based on the hypothetical assumption that the costs associated with the property improvement plan (“PIP”) have been escrowed and will be available to fund such PIP. Upon origination of the Staybridge Suites Tysons-McLean Mortgage Loan, the borrower deposited $1,200,000 into a PIP reserve to fund a franchise required change of control PIP. Based on the “As-Is” appraised value of $43,100,000, the Staybridge Suites Tysons-McLean Mortgage Loan results in a Cut-Off Date LTV Ratio and Maturity Date LTV Ratio of 71.5%.

(15)	With respect to Mortgage Loan No. 11, Staybridge Suites Tysons-McLean, in connection with the borrower’s acquisition of the Mortgaged Property, Six Continents Hotels, Inc. (“Six Continents”), an affiliate of the franchisor is required to provide $2,840,000 in “key money” (the “Key Money Debt”), pursuant to that certain Loan Agreement between Six Continents and the sole member (the “Sole Member”) of the borrower (the “Key Money Loan Agreement”), in connection with the execution of the related license agreement (the “License Agreement”). Pursuant to the Key Money Loan Agreement, Six Continents is required to disburse such Key Money Debt to Sole Member in three installments in the respective amounts of $1,000,000 (the “First Installment of Key Money”), $840,000 (the “Second Installment of Key Money”), and $1,000,000 (the “Third Installment of Key Money”) in accordance with the Key Money Loan Agreement. Pursuant to a side letter (the “Key Money Side Letter”) between the Sole Member and the seller of the Staybridge Suites Tysons-McLean Property (the “Seller”), the Sole Member is required to pay to the Seller the amount of $1,850,000, which is required to be paid by Sole Member to the Seller in two installments: (a) the first installment of $1,000,000 within three business days after Sole Member’s receipt of the First Installment of Key Money and (b) the second installment of $850,000 by no later than October 1, 2024. See “Description of the Mortgage Pool – Additional Indebtedness – Other Unsecured Indebtedness” in the prospectus for additional information.

(16)	With respect to Mortgage Loan No. 11, Staybridge Suites Tysons-McLean, commencing on July 1, 2024 and on each Payment Due Date thereafter, the related borrower is required to pay for deposit into the Monthly Replacement / FF&E Reserve ($), the FF&E Monthly Deposit for replacements and repairs to FF&E required to be made to the Mortgaged Property during the calendar year. In addition, upon the earlier to occur of (x) one business day after receipt by the Sole Member of the Key Money Debt that is not required to be paid to the Seller pursuant to the Key Money Side Letter (including, without limitation, the full amount of the Third Installment of Key Money), and (y) July 31, 2026, the borrower is required to pay for deposit into the Monthly Replacement / FF&E Reserve ($) the greater of (A) the full amount of such Key Money that is not required to be paid to Seller, and (B) $990,000 (the “Key Money Deposit"); provided that, so long as no cash sweep period is then in effect, the funds on deposit in the FF&E reserve (but not including the Key Money Deposit or borrower’s upfront deposit of $1,200,000 into the PIP reserve) are subject to a cap of $1,704,000. In the event that the Key Money Deposit would cause the funds in the FF&E reserve to exceed the foregoing cap, then, so long as no cash sweep period is then in effect, the borrower will not be required to make monthly deposits into the FF&E reserve until such time that the amount on deposit in the FF&E reserve is less than $1,704,000. "FF&E Monthly Deposit" means an amount equal to (i) with respect to any monthly payment date from the loan origination date until the fourth anniversary of the loan origination date, 4.0% of the sum of (A) operating income from the Mortgaged Property (the “Operating Income”) plus (B) gross rents from the Mortgaged Property (the “Gross Rents”) for the calendar month two months prior to such monthly payment date, and (ii) with respect to any Payment Due Date beginning on the fourth anniversary

	of the loan origination date until the maturity date, 5.0% of the sum of (A) Operating Income plus (B) Gross Rents for the calendar month two months prior to such monthly payment date.

(17)	With respect to Mortgage Loan No. 12, Kenwood Towne Centre, the total SF consists of 770,312 SF of owned improvements and 262,829 SF of leased fee improvements. The Cut-off Date Balance Per SF, Maturity Date Balance Per SF, and As-Is Appraised Value Per SF are based on the total SF of 1,033,141. The Cut-off Date Balance Per SF, Maturity Date Balance Per SF, and As-Is Appraised Value Per SF based on the owned SF of 770,312 is $337.53, $337.53, and $741.52, respectively.

(18)	With respect to Mortgage Loan No. 13, Wildwood Center, the Appraised Value represents the “As-Is-Hypothetical” value which assumes that all leasing costs associated with the Manhattan Associates renewal have been paid, and the tenant is paying the increased rental rate. As part of Manhattan Associates' lease renewal, the borrower provided Manhattan Associates with an approximately $12.6 million tenant improvement allowance and an approximately $503,000 allowance for borrower's costs. The related borrower purchased an approximately $13.1 million letter of credit which is held by the tenant associated with this work. Additionally, the gap rent and free rent associated with the renewal were reserved at loan origination. The Cut-off Date LTV Ratio and LTV Ratio at Maturity based on the “As-Is” appraised value are 65.0% and 65.0%, respectively.

(19)	With respect to Mortgage Loan No. 14, Anaheim Desert Inn & Suites, the FF&E reserve may be adjusted on a quarterly basis in an amount equal to the greater of (i) the then-existing FF&E Reserve Monthly Deposit; or (ii) 1/12th of 3% of the trailing 12-month underwritten revenue for the prior fiscal quarter. The monthly reserve amount is initially estimated at $29,327.

(20)	With respect to Mortgage Loan No. 18, Columbus Business Park, according to the related appraisal, the second floor of the Mortgaged Property, which contains approximately 1,546,217 square feet, is typically only usable by tenants occupying the first floor with an access ramp connecting the two floors, but is otherwise considered unleasable to standalone tenants because of limited access to the interior ramps and freight elevators and no direct truck dock access. The related appraisal report indicates that the largest tenant at the Mortgaged Property, Ford Motor Company, which currently leases approximately 909,287 square feet on the first floor of the Mortgaged Property, representing approximately 42% of net rentable area, has an unsigned letter of intent to lease approximately 198,946 square feet on the second floor of the Mortgaged Property, which is underwritten as vacant rentable area and would represent approximately 9% of the net rentable area at the Mortgaged Property. The remaining 1,347,271 square feet of space on the second floor was not included in the underwritten net rentable area.

(21)	With respect to Mortgage Loan No. 19, H-Mart Plaza, the appraiser concluded a “prospective as stabilized” value of $37,700,000 as of February 1, 2025, which assumes a February 1, 2025 rent commencement date for the second largest tenant, Launch Entertainment. Launch Entertainment has not yet taken occupancy or commenced rent payments. Launch Entertainment has an executed lease date of September 22, 2023 and its leased space has been delivered and is pending the tenant’s buildout. The lease cannot be terminated and is personally guaranteed by the lessor. The rent commencement date will be the earlier of (a) tenant opening for business and (b) 300 days after the later of the delivery date (February 20, 2024) or the date tenant receives all permits and approvals. Pursuant to the lease, the rent commencement date will not be later than April 20, 2025. The lender has reserved gap rent for the entire period from loan closing through April 30, 2025 ($950,062) plus 100% of tenant improvements and leasing commissions owed to the tenant ($966,405).

(22)	With respect to Mortgage Loan No. 21, Marriott Visalia Convention Center, the appraiser concluded an “upon-completion” value of $47,100,000 as of June 1, 2026, which assumes completion of a soft goods PIP renovation and 20-year franchise agreement extension. At loan closing, the lender reserved $1,874,225, which represents 100% of the budget for such soft goods PIP. The PIP is expected to be completed by year-end 2024. After the PIP is completed, the franchisor has indicated it will extend the franchise agreement for 20 years. Based on the “as-is” value of $42,200,000 as of March 15, 2024, the Cut-off Date LTV Ratio and Maturity Date LTV Ratio are 56.9%.

(23)	With respect to Mortgage Loan No. 24, Arthouse Lofts, the Mortgaged Property includes 46,463 SF of residential space and 22,946 SF of ground floor retail space.

(24)	With respect to Mortgage Loan No. 24, Arthouse Lofts, the borrower is required to deposit, or cause to be deposited, into the lockbox account all rents received from residential tenants within one business day of receipt thereof, and, all non-residential tenants are required to deliver all rental amounts directly to the lockbox account.

(25)	With respect to Mortgage Loan No. 24, Arthouse Lofts, approximately 7.6% of the Underwritten EGI is attributable to rental income in connection with the borrower’s leasing of a billboard located on the Mortgaged Property.

(26)	With respect to Mortgage Loan No. 25, Hampton Inn Santa Barbara - Goleta, the cash management trigger period related to a decline in debt service is not tested until the end of the first quarter of 2025. At origination, the borrower provided the lender with an initial cash collateral reserve of $200,000, which is required to be released to the borrower at the end of the first calendar quarter in 2025 if the interest only debt service coverage ratio of the Mortgage Loan is at least 1.30x for the immediately prior two consecutive quarters.

(27)	With respect to Mortgage Loan No. 31, Plattsburgh MHP Portfolio, the third most recent period cash flows represent a combination of year end 2021 and year end 2022 amounts, due to availability of historical operating statements at the properties.

(28)	With respect to Mortgage Loan No. 33, 22 East 177th Street, the borrower is in the process of applying for a 421-a tax exemption, which has not been approved. The appraisal calculates the net present value of such 421-a exemption to be $1,807,141, and adds such value to the capitalized value set forth in the appraisal. If such net present value were to be subtracted from the

	appraised value, the appraised value would be $6,892,859, which would result in a Cut-off Date LTV Ratio and Maturity Date LTV Ratio of 77.8%. There can be no assurance that a 421-a exemption will be approved, or of what the appraised value or actual value of the 22 East 177th Street Property would be if the exemption were not approved. In addition, the appraised value includes the present value of overage rent (above market rent) obtained from the CityFHEPs program to be $320,112. If such present value were also deducted, the appraised value would be $6,572,747, which would result in a Cut-off Date LTV Ratio and Maturity Date LTV Ratio of 81.5%. There can be no assurance as to what the appraised value or actual value of the 22 East 177th Street Property would be if it were not rented pursuant to the CityFHEPs program. In addition, the Mortgage Loan was underwritten assuming the 421-a exemption has been received and the CityFHEPs income will continue to be received. If Underwritten NOI and Underwritten NCF were calculated assuming that rents were paid under the Section 8 Program, and that the 421-a tax exemption was not received, for the 22 East 177th Street Mortgaged Property U/W NOI DSCR, U/W NCF DSCR, U/W NOI Debt Yield and U/W NCF Debt Yield would be 1.05x, 1.04x, 7.6% and 7.5%, respectively.

(29)	With respect to Mortgage Loan No. 34, 1681 Eastburn Ave, the borrower is in the process of applying for a 421-a tax exemption, which has not been approved. The appraisal calculates the net present value of such 421-a exemption to be $1,581,924, and adds such value to the capitalized value set forth in the appraisal. If such net present value were to be subtracted from the appraised value, the appraised value would be $6,618,076, which would result in a Cut-off Date LTV Ratio and Maturity Date LTV Ratio of 78.6%. There can be no assurance that a 421-a exemption will be approved, or of what the appraised value or actual value of the 1681 Eastburn Ave Property would be if the exemption were not approved. In addition, the appraised value includes the present value of overage rent (above market rent) obtained from the CityFHEPs program to be $351,820. If such present value were also deducted, the appraised value would be $6,266,256, which would result in a Cut-off Date LTV Ratio and Maturity Date LTV Ratio of 83.0%. There can be no assurance as to what the appraised value or actual value of the 1681 Eastburn Ave Property would be if it were not rented pursuant to the CityFHEPs program. In addition, the Mortgage Loan was underwritten assuming the 421-a exemption has been received and the CityFHEPs income will continue to be received. If Underwritten NOI and Underwritten NCF were calculated assuming that rents were paid under the Section 8 Program, and that the 421-a tax exemption was not received, for the 1681 Eastburn Ave Mortgaged Property U/W NOI DSCR, U/W NCF DSCR, U/W NOI Debt Yield and U/W NCF Debt Yield would be 1.06x, 1.05x, 7.4% and 7.4%, respectively.

A.	"Yield Maintenance” shall mean an amount equal to the greater of (i) one percent (1%) of the principal amount of the Loan being prepaid, and (ii) the present value as of the Prepayment Calculation Date of a series of monthly payments over the remaining term of the Loan through and including the Open Prepayment Date each equal to the amount of interest which would be due on the principal amount of the Loan being prepaid assuming a per annum interest rate equal to the excess of the Interest Rate over the Reinvestment Yield, and discounted at the Reinvestment Yield. As used herein, “Reinvestment Yield” means the yield calculated by the linear interpolation of the yields, as reported in the Federal Reserve Statistical Release H.15-Selected Interest Rates under the heading “U.S. government securities” and the sub-heading “Treasury constant maturities” for the week ending prior to the date of prepayment, of the U.S. Treasury constant maturities with maturity dates (one longer and one equal to or shorter) most nearly approximating the Open Prepayment Date, and converted to a monthly compounded nominal yield. In the event Release H.15 is no longer published, Lender shall select a comparable publication to determine the Reinvestment Yield. The “Prepayment Calculation Date” shall mean, as applicable, the Payment Date on which Lender applies any prepayment to the reduction of the outstanding principal amount of the Note. Lender’s calculation of Yield Maintenance shall be conclusive and binding absent manifest error.

B.	“Yield Maintenance Premium” shall mean an amount equal to the greater of (i) one percent (1%) of the principal amount of the Loan being prepaid and (ii) an amount equal to the present value as of the Prepayment Date of the Calculated Payments from the Prepayment Date through the Open Date determined by discounting such payments at the Discount Rate. As used in this definition, the term “Prepayment Date” shall mean the date on which prepayment is made. As used in this definition, the term “Calculated Payments” shall mean the monthly payments of interest only which would be due based on the principal amount of the Loan being prepaid on the Prepayment Date and assuming an interest rate per annum equal to the difference (if such difference is greater than zero) between (y) the Interest Rate and (z) the Yield Maintenance Treasury Rate. As used in this definition, the term “Discount Rate” shall mean the rate which, when compounded monthly, is equivalent to the Yield Maintenance Treasury Rate, when compounded semi-annually. As used in this definition, the term “Yield Maintenance Treasury Rate” shall mean the yield calculated by Lender by the linear interpolation of the yields, as reported in the Federal Reserve Statistical Release H.15-Selected Interest Rates under the heading U.S. Government Securities/Treasury Constant Maturities for the week ending prior to the Prepayment Date, of U.S. Treasury Constant Maturities with maturity dates (one longer or one shorter) most nearly approximating the Open Date. In the event Release H.15 is no longer published, Lender shall select a comparable publication (in its reasonable determination) to determine the Yield Maintenance Treasury Rate. In no event, however, shall Lender be required to reinvest any prepayment proceeds in U.S. Treasury obligations or otherwise. Notwithstanding anything contained herein, the Loan may be prepaid without payment of the Yield Maintenance Premium from and after the Open Date.

C.	"Yield Maintenance Premium" shall mean an amount equal to the greater of (a) one percent (1%) of the outstanding principal of the Loan to be prepaid or satisfied and (b) the excess, if any, of (i) the sum of the present values of all then-scheduled payments of principal and interest under the Note assuming that all scheduled payments are made timely and that the remaining outstanding principal and interest on the Loan is paid on the Permitted Par Prepayment Date (with each such payment and assumed payment discounted to its present value at the date of prepayment at the rate which, when compounded monthly, is equivalent to the Prepayment Rate when compounded semi-annually and deducting from the sum of such present values any short-term interest paid from the date of prepayment to the next succeeding Payment Date in the event such payment is not made on a Payment Date), over (ii) the principal amount being prepaid.

	"Prepayment Rate" shall mean the bond equivalent yield (in the secondary market) on the United States Treasury Security that as of the Prepayment Rate Determination Date has a remaining term to maturity closest to, but not exceeding, the remaining term to the Permitted Par Prepayment Date as most recently published in "Statistical Release H.15 ( 519), Selected Interest Rates," or any successor publication, published by the Board of Governors of the Federal Reserve System, or on the basis of such other publication or statistical guide as Lender may reasonably select.

D.	“Yield Maintenance Amount” shall mean the present value, as of the Repayment Date, of the remaining scheduled payments of principal and interest from the Repayment Date through the Stated Maturity Date (including any balloon payment) determined by discounting such payments at the Discount Rate, less the amount of principal being prepaid on the Repayment Date. "Discount Rate” shall mean the rate which, when compounded monthly, is equivalent to the lesser of (i) the Treasury Rate and (ii) the Swap Rate, each when compounded semiannually. “Treasury Rate” shall mean the yield calculated by the linear interpolation of the yields, as reported in Federal Reserve Statistical Release H.15 Selected Interest Rates under the heading U.S. Government Securities/Treasury Constant Maturities for the week ending prior to the Repayment Date, of U.S. Treasury constant maturities with maturity dates (one longer and one shorter) most nearly approximating the Stated Maturity Date. (In the event Release H.15 is no longer published, Lender shall select a comparable publication to determine the Treasury Rate.)

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

F.	"Yield Maintenance" shall mean an amount equal to the greater of (i) one percent (1%) of the principal amount of the Loan being prepaid, and (ii) the present value as of the Prepayment Calculation Date of a series of monthly payments over the remaining term of the Loan through and including the Maturity Date each equal to the amount of interest which would be due on the principal amount of the Loan being prepaid assuming a per annum interest rate equal to the excess of the Interest Rate over the Reinvestment Yield, and discounted at the Reinvestment Yield. As used herein, "Reinvestment Yield" means the yield calculated by the linear interpolation of the yields, as reported in the Federal Reserve Statistical Release H.15-Selected Interest Rates under the heading "U.S. government securities" and the sub-heading "Treasury constant maturities" for the week ending prior to the date of prepayment, of the U.S. Treasury constant maturities with maturity dates (one longer and one equal to or shorter) most nearly approximating the Maturity Date, and converted to a monthly compounded nominal yield. In the event Release H.15 is no longer published, Lender shall select a comparable publication to determine the Reinvestment Yield. The "Prepayment Calculation Date" shall mean, as applicable, the Payment Date on which Lender applies any prepayment to the reduction of the outstanding principal amount of the Note. Lender's calculation of Yield Maintenance shall be conclusive and binding absent manifest error.

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

Loan ID Number	Property Flag	Footnotes (for Loan and Property Information)	# of Properties	Property Name	Underwritten Net Cash Flow ($)	Underwritten NOI DSCR (x)	Underwritten NCF DSCR (x)	Underwritten NOI Debt Yield (%)	Underwritten NCF Debt Yield (%)	Appraised Value ($)	Appraised Value Type	Appraisal Date	Cut-off Date LTV Ratio (%)	LTV Ratio at Maturity / ARD (%)	Leased Occupancy (%)⁽²⁾
1	Loan	5, 7, 8, 9, A	1	Marriott Anaheim	10,306,767	1.28	1.28	8.2%	8.2%	190,000,000	As Is	4/9/2024	65.8%	65.8%	78.2%
2	Loan		1	2001 K Street	11,770,607	1.71	1.65	12.8%	12.4%	153,000,000	As Is	3/28/2024	62.1%	62.1%	89.2%
3	Loan		1	Cira Square	18,087,738	3.07	2.89	21.3%	20.1%	295,500,000	As Is	12/12/2023	30.5%	30.5%	100.0%
4	Loan	7	1	MarqE Entertainment Center	7,720,458	1.54	1.50	11.3%	11.0%	112,750,000	As Is	8/24/2023	62.1%	62.1%	94.9%
5	Loan	10, B	1	Woodyard Crossing	5,411,330	1.41	1.31	9.4%	8.7%	82,800,000	As Is	2/23/2024	74.9%	74.9%	99.6%
6	Loan	5, 11	1	Saks Beverly Hills	11,930,966	1.73	1.71	13.4%	13.3%	200,000,000	As Is	3/9/2024	45.0%	45.0%	100.0%
7	Loan	5, 12, 13	1	488 Madison	13,511,276	2.23	1.94	15.6%	13.5%	220,000,000	As Is Assuming ADNY Reserves	4/1/2024	45.5%	45.5%	86.1%
8	Loan	5, 7	1	Jordan Creek Town Center	23,319,357	2.03	1.93	14.4%	13.7%	321,000,000	As Is	12/1/2023	53.0%	53.0%	97.1%
9	Loan		1	Towers Shopping Center	3,588,238	1.68	1.54	11.2%	10.3%	54,200,000	As Is	3/22/2024	64.6%	64.6%	91.3%
10	Loan		1	The Hollywood Ardmore	2,934,671	1.34	1.31	8.9%	8.7%	64,200,000	As Is	3/21/2024	52.6%	52.6%	93.7%
11	Loan	14, 15, 16, C	1	Staybridge Suites Tysons-McLean	3,853,657	1.59	1.47	13.6%	12.5%	44,300,000	As If PIP Escrowed	2/2/2024	69.5%	69.5%	85.0%
12	Loan	5, 7, 17	1	Kenwood Towne Centre	36,139,189	2.30	2.19	14.6%	13.9%	571,200,000	As Is	1/23/2024	45.5%	45.5%	95.2%
13	Loan	5, 18	1	Wildwood Center	8,878,888	1.71	1.69	13.9%	13.7%	113,000,000	As Is	10/5/2023	57.5%	57.5%	77.2%
14	Loan	19	1	Anaheim Desert Inn & Suites	6,029,217	3.13	2.90	22.0%	20.4%	55,500,000	As Is	3/19/2024	53.2%	53.2%	88.9%
15	Loan	5	1	Pleasanton Corporate Commons	7,727,029	1.63	1.49	12.9%	11.7%	110,400,000	As Is	1/9/2024	59.6%	59.6%	100.0%
16	Loan	5, D	1	Gallup HQ	10,369,542	1.97	1.96	14.6%	14.5%	130,000,000	As Is	2/28/2024	55.0%	55.0%	100.0%
17	Loan		1	2801 & 2815 Townsgate	3,501,468	1.93	1.73	14.2%	12.7%	46,700,000	As Is	1/25/2024	58.9%	58.9%	86.1%
18	Loan	5, 20, E	1	Columbus Business Park	8,614,040	2.10	1.95	15.0%	13.9%	147,000,000	As Is	2/13/2024	42.2%	42.2%	88.2%
19	Loan	21	1	H-Mart Plaza	2,341,248	1.43	1.36	10.1%	9.6%	37,700,000	Prospective As Stabilized	2/1/2025	65.0%	65.0%	100.0%
20	Loan		1	150 2nd Avenue North	2,681,290	1.49	1.43	11.4%	10.9%	44,000,000	As Is	4/9/2024	55.7%	55.7%	100.0%
21	Loan	22	1	Marriott Visalia Convention Center	2,820,514	1.71	1.48	13.6%	11.8%	47,100,000	Prospective Market Value Upon Completion	6/1/2026	51.0%	51.0%	75.5%
22	Loan	6, 7	2	Silver Lake Office Portfolio	2,743,835	1.83	1.73	13.9%	13.1%	35,300,000	As Is	3/13/2024	59.5%	59.5%	88.7%
22.01	Property		1	Silver Lake Office Park	NAV					26,100,000	As Is	3/13/2024			90.9%
22.02	Property		1	100 Enterprise Place	NAV					9,200,000	As Is	3/13/2024			81.8%
23	Loan		1	Chapel Hill Industrial Park	1,790,923	1.42	1.30	9.4%	8.5%	31,300,000	As Is	2/22/2024	67.1%	67.1%	86.6%
24	Loan	23, 24, 25	1	Arthouse Lofts	1,887,443	1.34	1.31	9.6%	9.4%	33,500,000	As Is	3/28/2024	59.7%	59.7%	100.0%
25	Loan	26	1	Hampton Inn Santa Barbara - Goleta	2,419,354	1.83	1.65	14.9%	13.4%	33,000,000	As Is	3/20/2024	54.5%	54.5%	81.5%
26	Loan	F	1	Innovation Business Park 7	2,116,958	1.36	1.28	12.9%	12.1%	38,200,000	As Is	3/27/2024	45.8%	45.8%	100.0%
27	Loan		1	24 Hour Fitness - 1903 West Empire Avenue	1,427,054	1.67	1.59	13.5%	12.9%	21,900,000	As Is	3/24/2024	50.7%	48.1%	100.0%
28	Loan		1	Harmony Place MHC	905,793	1.36	1.35	9.9%	9.8%	14,100,000	As Is	3/11/2024	65.8%	65.8%	92.2%
29	Loan	G	1	Foothill Villa	891,660	1.48	1.46	10.3%	10.1%	18,000,000	As Is	3/25/2024	48.9%	48.9%	100.0%
30	Loan	H	1	Spring Valley Town Center	1,271,003	2.41	2.20	17.8%	16.3%	23,300,000	As Is	3/4/2024	33.5%	31.5%	81.3%
31	Loan	6, 27	4	Plattsburgh MHP Portfolio	671,544	1.34	1.31	10.0%	9.8%	11,200,000	As Is	3/7/2024	61.2%	61.2%	82.1%
31.01	Property		1	Abenaki Mobile Home Park	271,535					4,700,000	As Is	3/7/2024			79.8%
31.02	Property		1	Stony Acres Mobile Home Park	220,864					3,300,000	As Is	3/7/2024			85.5%
31.03	Property		1	Intown MHP	111,247					1,900,000	As Is	3/7/2024			82.1%
31.04	Property		1	Bolton Acres MHP	67,898					1,300,000	As Is	3/7/2024			81.8%
32	Loan		1	101-107 Industrial Ave	610,613	1.40	1.30	10.5%	9.7%	10,100,000	As Is	3/22/2024	62.4%	62.4%	100.0%
33	Loan	28	1	22 East 177th Street	516,364	1.36	1.34	9.7%	9.6%	8,700,000	As Is	4/19/2024	61.6%	61.6%	100.0%