BBCMS 2024-5C27 Disclaimer

STATEMENT REGARDING THIS FREE WRITING PROSPECTUS

The depositor has filed a registration statement (including a prospectus) with the Securities and Exchange Commission (‘‘SEC’’) (SEC File No. 333-276033) for the offering to which this communication relates. Before you invest, you should read the prospectus in the registration statement and other documents the depositor has filed with the SEC for more complete information about the depositor, the issuing entity and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the depositor, any underwriter, or any dealer participating in the offering will arrange to send you the prospectus after filing if you request it by calling toll free 1-888-603-5847 (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herein is preliminary as of the date hereof, supersedes any such information previously delivered to you and will be superseded by any such information subsequently delivered and ultimately by the final prospectus relating to the securities.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 of Barclays Capital Inc., SG Americas Securities, LLC, BMO Capital Markets Corp., UBS Securities LLC, Citigroup Global Markets Inc., Deutsche Bank Securities Inc., KeyBanc Capital Markets Inc., Academy Securities, Inc. or Bancroft Capital, 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.

ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES

Loan ID Number	Loan / Property Flag	Footnotes (for Loan and Property Information)	# of Properties	Property Name	% of Initial Pool Balance	% of Loan Balance	Mortgage Loan Originator	Mortgage Loan Seller	Related Group	Crossed Group	Address	City
								1	25
1	Loan	1, 6, 7, 12, 16, 19, 23, 27, 28	20	GNL Industrial Portfolio	9.8%		BMO, SGFC, Barclays, KeyBank	BMO, Barclays, SGFC, KeyBank	NAP	NAP	Various	Various
1.01	Property		1	FCA USA - Detroit, MI	2.9%	29.7%					6836 Georgia Street	Detroit
1.02	Property		1	Grupo Antolin - Shelby Township, MI	1.1%	11.7%					52888 Shelby Parkway	Shelby Township
1.03	Property		1	Follett School - McHenry, IL	0.8%	8.5%					1340 Ridgeview Drive	McHenry
1.04	Property		1	Shaw Aero - Naples, FL	0.5%	4.9%					3580 Shaw Boulevard	Naples
1.05	Property		1	Kuka - Sterling Heights, MI	0.4%	4.5%					7408 Metro Parkway	Sterling Heights
1.06	Property		1	ZF Active Safety - Findlay, OH	0.4%	4.4%					1750 Production Drive	Findlay
1.07	Property		1	CF Sauer - 184 Suburban	0.4%	4.1%					184 Suburban Road	San Luis Obispo
1.08	Property		1	CF Sauer - 728 N Main St.	0.4%	4.1%					728 North Main Street	Mauldin
1.09	Property		1	Walgreens Boot Alliance - Pittsburgh, PA	0.4%	3.6%					130 Enterprise Drive	Pittsburgh
1.10	Property		1	Hannibal - Houston, TX	0.4%	3.6%					6501 Bingle Road	Houston
1.11	Property		1	FedEx IV - Lexington, KY	0.3%	3.3%					2024 Buck Lane	Lexington
1.12	Property		1	VersaFlex - Kansas City, KS	0.3%	3.1%					686 Adams Street and 33 Shawnee Avenue	Kansas City
1.13	Property		1	Cott Beverage Inc - Sikeston, MO	0.3%	2.7%					301 Larcel Drive	Sikeston
1.14	Property		1	Dunlop Protective Footwear - Havre De Grace, MD	0.3%	2.6%					1850 Clark Road	Havre de Grace
1.15	Property		1	CSTK - St. Louis, MO	0.2%	2.5%					420 East Carrie Avenue	St. Louis
1.16	Property		1	CF Sauer - 39 S Park Dr.	0.2%	2.5%					39 South Park Drive	Mauldin
1.17	Property		1	AM Castle - Wichita, KS	0.2%	2.4%					3050 South Hydraulic Avenue	Wichita
1.18	Property		1	CF Sauer - 9 Old Mill Road	0.1%	1.3%					9 Old Mill Road	Mauldin
1.19	Property		1	CF Sauer - 2447 Eunice Avenue	0.0%	0.2%					2447 Eunice Avenue	Orlando
1.20	Property		1	CF Sauer - 513 West Butler Road	0.0%	0.1%					513 West Butler Road	Mauldin
2	Loan	2, 4, 5, 6, 16, 30	6	Champion MSU Student Housing Portfolio	5.5%		GACC	GACC	NAP	NAP	Various	East Lansing
2.01	Property		1	731 Burcham Drive	1.5%	27.0%					731 Burcham Drive	East Lansing
2.02	Property		1	745 Burcham Drive	1.5%	26.5%					745 Burcham Drive	East Lansing
2.03	Property		1	635 Abbot Road	1.2%	22.1%					635 Abbot Road	East Lansing
2.04	Property		1	767 Burcham Drive	0.9%	15.7%					767 Burcham Drive	East Lansing
2.05	Property		1	787 Burcham Drive	0.3%	5.6%					787 Burcham Drive	East Lansing
2.06	Property		1	129 Burcham Drive	0.2%	3.2%					129 Burcham Drive	East Lansing
3	Loan	1, 2, 7, 16, 27, 28	1	620 W 153rd Street	4.6%	100.0%	BMO, AREF2	BMO, AREF2, SMC	NAP	NAP	620 West 153rd Street	New York
4	Loan	23	1	1640 Sepulveda	4.5%	100.0%	AREF2	AREF2	NAP	NAP	1640 South Sepulveda Boulevard	Los Angeles
5	Loan	2, 4, 7, 17, 28	1	University Pointe	4.5%	100.0%	CREFI	CREFI	NAP	NAP	6350 Griffin Road	Davie
6	Loan	6	3	BPW Houston Multifamily Portfolio	3.9%		SMC	SMC	NAP	NAP	Various	Various
6.01	Property		1	Bayou Willows	1.6%	41.0%					4102 Young Street	Pasadena
6.02	Property		1	Weston Oaks	1.5%	38.8%					1111 and 1141 Burke Road	Pasadena
6.03	Property		1	Pleasant Village	0.8%	20.2%					1922 Pleasantville Drive	Houston
7	Loan	1, 7, 9, 12, 13, 17, 19, 23, 24	1	640 5th Avenue	3.1%	100.0%	GSBI, MSBNA, BMO	BMO	NAP	NAP	640 5th Avenue	New York
8	Loan	2, 7, 10, 24	1	28-40 West 23rd Street	3.1%	100.0%	CREFI	CREFI	NAP	NAP	28-40 West 23rd Street	New York
9	Loan	10, 13, 27, 30	1	Country View Apartments	2.7%	100.0%	LMF	LMF	NAP	NAP	3990 Stephanie Lane	Memphis
10	Loan	5	1	Courtyard Fort Myers at I-75	2.7%	100.0%	SMC	SMC	Group A	NAP	10050 Gulf Center Drive	Fort Myers
11	Loan	2, 4, 6, 7, 12, 20, 27, 30	10	Bedrock Mixed-Use Portfolio	2.5%		GACC	GACC	NAP	NAP	Various	Detroit
11.01	Property		1	Trio on Fort Street	0.6%	26.0%					158 Rademacher Street, 201 Waterman Street & 6401 and 6451 West Fort Street	Detroit
11.02	Property		1	28 Grand Apartments	0.3%	12.1%					28 West Grand River Avenue	Detroit
11.03	Property		1	Madison Building	0.3%	10.9%					1555 Broadway Street	Detroit
11.04	Property		1	1274 Library Street	0.3%	10.9%					1274 Library Street	Detroit
11.05	Property		1	The Ferguson Apartments	0.3%	10.8%					1426-1454 Woodward Avenue	Detroit
11.06	Property		1	Lofts of Merchant Row	0.2%	9.1%					1247, 1261, and 1275 Woodward Avenue	Detroit
11.07	Property		1	620 and 630 Woodward Avenue	0.2%	7.7%					620 and 630 Woodward Avenue	Detroit
11.08	Property		1	The Globe Building	0.2%	7.6%					407 East Fort Street	Detroit
11.09	Property		1	1500 Woodward Avenue	0.1%	2.8%					1500 Woodward Avenue	Detroit
11.10	Property		1	Fourteen56 Apartments	0.1%	2.1%					1456 Woodward Avenue	Detroit
12	Loan	3, 7, 12, 24, 30	1	Syngenta Woodland	2.4%	100.0%	DBRI	GACC	NAP	NAP	21435 County Road 98	Woodland
13	Loan	5, 7, 12, 15, 19, 23	1	Crescent Center	2.3%	100.0%	GSC2	GCMC	NAP	NAP	6075 Poplar Avenue	Memphis
14	Loan	2, 10, 19, 20, 21, 23	1	ASC Business Park	2.1%	100.0%	Barclays	Barclays	NAP	NAP	128 Bingham Road	Asheville
15	Loan	6, 27	4	Philadelphia Multifamily Portfolio	2.1%		AREF2	AREF2	NAP	NAP	Various	Philadelphia
15.01	Property		1	2105 Germantown Avenue	0.7%	32.4%					2105 Germantown Avenue	Philadelphia
15.02	Property		1	719, 723-727 North 35th Street	0.5%	25.8%					719, 723-727 North 35th Street	Philadelphia
15.03	Property		1	2101-2111 North Fairhill Street	0.5%	23.7%					2101-2111 North Fairhill Street	Philadelphia
15.04	Property		1	2215 North 7th Street	0.4%	18.2%					2215 North 7th Street	Philadelphia
16	Loan	6	3	Cityline NY FL & TN Portfolio	2.1%		CREFI	CREFI	NAP	NAP	Various	Various
16.01	Property		1	Storage Sense - Chatham & Canaan	0.8%	39.4%					1101 New York Highway 295; 30 Flints Crossing Road	East Chatham; Canaan
16.02	Property		1	Storage Sense - Clarksville	0.7%	35.8%					560 Tiny Town Road	Clarksville
16.03	Property		1	Storage Sense – Punta Gorda	0.5%	24.8%					150 Rio Villa Drive	Punta Gorda
17	Loan	16, 28	1	Lofts at Dallas Mill	2.0%	100.0%	CREFI	CREFI	NAP	NAP	415 Halsey Avenue Northeast	Huntsville
18	Loan	1, 4, 7, 12, 14, 19, 20, 23	1	Kenwood Towne Centre	1.9%	100.0%	WFBNA, GSBI, SGFC	SGFC	Group B	NAP	7875 Montgomery Road	Cincinnati
19	Loan	2, 7, 21, 23, 24	1	Wateridge	1.9%	100.0%	DBRI	GACC	Group B	NAP	5035-5045 West Slauson Avenue and 5100-5150 West Goldleaf Circle	Los Angeles
20	Loan	1, 7, 23	1	1099 New York Avenue	1.9%	100.0%	Barclays, AREF2	AREF2	NAP	NAP	1099 New York Avenue Northwest	Washington
21	Loan	19	1	48 E 57th Street	1.9%	100.0%	KeyBank	KeyBank	NAP	NAP	48 East 57th Street	New York
22	Loan	10, 15, 23	1	Hooksett Village	1.9%	100.0%	KeyBank	KeyBank	NAP	NAP	1328 Hooksett Road	Hooksett
23	Loan	5, 16, 27	1	637 E 223rd Street	1.8%	100.0%	UBS AG	UBS AG	NAP	NAP	637 East 223rd Street	Bronx
24	Loan	17, 19, 20	1	Town & Country Plaza	1.7%	100.0%	SMC	SMC	NAP	NAP	2220-2430 West Thomas Street	Hammond
25	Loan	5	1	SpringHill Suites Fort Myers Airport	1.5%	100.0%	SMC	SMC	Group A	NAP	9501 Marketplace Road	Fort Myers
26	Loan	2, 4, 5, 14, 16, 27, 28	1	2460 White Plains Road & 708 Mace Avenue	1.5%	100.0%	SMC	SMC	NAP	NAP	2460 White Plains Road & 708 Mace Avenue	Bronx
27	Loan	6, 7, 19	2	The Pointe & Oak Shadows	1.5%		SMC	SMC	NAP	NAP	Various	Various
27.01	Property		1	The Pointe	1.2%	79.2%					4101 Shaver Street	Pasadena
27.02	Property		1	Oak Shadows	0.3%	20.8%					4801 Allendale Road	Houston
28	Loan	19, 30	1	55 Pharr	1.4%	100.0%	Barclays	Barclays	NAP	NAP	55 Pharr Road Northwest	Atlanta
29	Loan	10, 15	1	Citrus Center	1.4%	100.0%	KeyBank	KeyBank	NAP	NAP	2601-2691 & 2875 East Gulf to Lake Highway	Inverness
30	Loan	16, 20	1	152 Geary Street	1.3%	100.0%	SMC	SMC	NAP	NAP	152 Geary Street	San Francisco
31	Loan	2, 4, 6, 16	2	Toobian NY Portfolio	1.3%		SMC	SMC	NAP	NAP	Various	Various
31.01	Property		1	235, 239 and 241 East 39th Street	0.9%	70.1%					235, 239 and 241 East 39th Street	New York
31.02	Property		1	1437 Old Northern Boulevard	0.4%	29.9%					1437 Old Northern Boulevard	Roslyn
32	Loan		1	Grande Woods South MHC	1.3%	100.0%	LMF	LMF	NAP	NAP	3170 Route 9 South	Rio Grande
33	Loan	16	1	Western Falcon	1.3%	100.0%	CREFI	CREFI	NAP	NAP	11011 Sheldon Road	Houston
34	Loan	6, 10, 24	2	Stor-More-Laredo Self Storage	1.3%		KeyBank	KeyBank	NAP	NAP	Various	Laredo
34.01	Property		1	Muller Rd	0.8%	63.2%					1315 Muller Road	Laredo
34.02	Property		1	Industrial Blvd	0.5%	36.8%					1506 Industrial Boulevard	Laredo
35	Loan	2, 4, 16, 27, 28	1	Centurion Union Phase III	1.2%	100.0%	SMC	SMC	NAP	NAP	946 Stuyvesant Avenue	Union
36	Loan		1	262-282 Cabrini Boulevard	1.2%	100.0%	Barclays	Barclays	NAP	NAP	262-282 Cabrini Boulevard	New York
37	Loan	16	1	Country Place Apartments	1.2%	100.0%	UBS AG	UBS AG	NAP	NAP	4000 Gillionville Road	Albany
38	Loan		1	Hunter's Run	1.1%	100.0%	GSC2	GCMC	NAP	NAP	1030 Hunters Run Drive	Lebanon
39	Loan	4, 16, 19, 28, 30	1	Griffin Capital Plaza	1.0%	100.0%	SGFC	SGFC	NAP	NAP	1520 East Grand Avenue and 266 Kansas Street	El Segundo
40	Loan	16	1	322 Graham Avenue	1.0%	100.0%	SMC	SMC	NAP	NAP	322 Graham Avenue	Brooklyn

Loan ID Number	Loan / Property Flag	Footnotes (for Loan and Property Information)	# of Properties	Property Name	County	State	Zip Code	General Property Type	Detailed Property Type	Year Built	Year Renovated	Number of Units	Unit of Measure	Loan Per Unit ($)	Original Balance ($)	Cut-off Date Balance ($)
								2	2			3			6, 7	6, 7
1	Loan	1, 6, 7, 12, 16, 19, 23, 27, 28	20	GNL Industrial Portfolio	Various	Various	Various	Various	Various	Various	Various	3,908,306	SF	60.64	78,400,000	78,400,000
1.01	Property		1	FCA USA - Detroit, MI	Wayne	MI	48211	Industrial	Warehouse / Distribution	2015	2017, 2020	997,022	SF		23,320,025	23,320,025
1.02	Property		1	Grupo Antolin - Shelby Township, MI	Macomb	MI	48316	Industrial	Manufacturing	2017	NAP	359,807	SF		9,192,615	9,192,615
1.03	Property		1	Follett School - McHenry, IL	McHenry	IL	60050	Industrial	Warehouse / Distribution	1996	2002	486,868	SF		6,698,495	6,698,495
1.04	Property		1	Shaw Aero - Naples, FL	Collier	FL	34117	Industrial	Manufacturing / Flex	1999	NAP	130,581	SF		3,830,256	3,830,256
1.05	Property		1	Kuka - Sterling Heights, MI	Macomb	MI	48312	Industrial	Warehouse / Distribution	2006	NAP	200,000	SF		3,554,121	3,554,121
1.06	Property		1	ZF Active Safety - Findlay, OH	Hancock	OH	45840	Industrial	Manufacturing / Warehouse	2018	NAP	216,300	SF		3,465,046	3,465,046
1.07	Property		1	CF Sauer - 184 Suburban	San Luis Obispo	CA	93401	Industrial	Manufacturing	1998	NAP	106,066	SF		3,206,726	3,206,726
1.08	Property		1	CF Sauer - 728 N Main St.	Greenville	SC	29662	Industrial	Warehouse / Distribution	1970	NAP	247,000	SF		3,188,911	3,188,911
1.09	Property		1	Walgreens Boot Alliance - Pittsburgh, PA	Allegheny	PA	15275	Industrial	Distribution / Flex	2015	2024	85,646	SF		2,859,331	2,859,331
1.10	Property		1	Hannibal - Houston, TX	Harris	TX	77092	Industrial	Manufacturing / Distribution	1978	2016	109,000	SF		2,832,608	2,832,608
1.11	Property		1	FedEx IV - Lexington, KY	Fayette	KY	40511	Industrial	Warehouse / Distribution	2006	2012	138,487	SF		2,618,826	2,618,826
1.12	Property		1	VersaFlex - Kansas City, KS	Wyandotte	KS	66105	Industrial	Manufacturing	1977	1990	113,000	SF		2,396,137	2,396,137
1.13	Property		1	Cott Beverage Inc - Sikeston, MO	New Madrid	MO	63801	Industrial	Warehouse / Distribution	2016	NAP	170,000	SF		2,120,002	2,120,002
1.14	Property		1	Dunlop Protective Footwear - Havre De Grace, MD	Harford	MD	21078	Industrial	Warehouse / Distribution	2002	NAP	120,000	SF		2,013,112	2,013,112
1.15	Property		1	CSTK - St. Louis, MO	City of St. Louis	MO	63147	Industrial	Warehouse	2015	NAP	56,029	SF		1,995,296	1,995,296
1.16	Property		1	CF Sauer - 39 S Park Dr.	Greenville	SC	29607	Industrial	Warehouse / Distribution	1982	NAP	152,000	SF		1,959,666	1,959,666
1.17	Property		1	AM Castle - Wichita, KS	Sedgwick	KS	67216	Industrial	Manufacturing	1976	NAP	127,600	SF		1,888,405	1,888,405
1.18	Property		1	CF Sauer - 9 Old Mill Road	Greenville	SC	29607	Industrial	Warehouse / Distribution	1960	2004	80,000	SF		1,033,278	1,033,278
1.19	Property		1	CF Sauer - 2447 Eunice Avenue	Orange	FL	32808	Industrial	Warehouse / Distribution	1971	NAP	6,900	SF		138,067	138,067
1.20	Property		1	CF Sauer - 513 West Butler Road	Greenville	SC	29662	Office	Suburban	2000	2004	6,000	SF		89,076	89,076
2	Loan	2, 4, 5, 6, 16, 30	6	Champion MSU Student Housing Portfolio	Ingham	MI	48823	Multifamily	Student Housing	Various	2023	524	Beds	83,969.47	44,000,000	44,000,000
2.01	Property		1	731 Burcham Drive	Ingham	MI	48823	Multifamily	Student Housing	1967	2023	140	Beds		11,873,000	11,873,000
2.02	Property		1	745 Burcham Drive	Ingham	MI	48823	Multifamily	Student Housing	1964	2023	124	Beds		11,663,500	11,663,500
2.03	Property		1	635 Abbot Road	Ingham	MI	48823	Multifamily	Student Housing	1966	2023	125	Beds		9,708,000	9,708,000
2.04	Property		1	767 Burcham Drive	Ingham	MI	48823	Multifamily	Student Housing	2008	2023	90	Beds		6,914,300	6,914,300
2.05	Property		1	787 Burcham Drive	Ingham	MI	48823	Multifamily	Student Housing	1969	2023	33	Beds		2,444,400	2,444,400
2.06	Property		1	129 Burcham Drive	Ingham	MI	48823	Multifamily	Student Housing	1964	2023	12	Beds		1,396,800	1,396,800
3	Loan	1, 2, 7, 16, 27, 28	1	620 W 153rd Street	New York	NY	10031	Multifamily	High Rise	2023	NAP	238	Units	491,596.64	37,000,000	37,000,000
4	Loan	23	1	1640 Sepulveda	Los Angeles	CA	90025	Office	CBD	1987	2024	157,840	SF	229.98	36,300,000	36,300,000
5	Loan	2, 4, 7, 17, 28	1	University Pointe	Broward	FL	33314	Multifamily	Student Housing	2019	NAP	877	Beds	97,890.54	35,850,000	35,850,000
6	Loan	6	3	BPW Houston Multifamily Portfolio	Harris	TX	Various	Multifamily	Garden	Various	Various	619	Units	50,080.78	31,000,000	31,000,000
6.01	Property		1	Bayou Willows	Harris	TX	77504	Multifamily	Garden	1978	2022	212	Units		12,716,446	12,716,446
6.02	Property		1	Weston Oaks	Harris	TX	77506	Multifamily	Garden	1970	2019	267	Units		12,013,233	12,013,233
6.03	Property		1	Pleasant Village	Harris	TX	77029	Multifamily	Garden	1972	2023	140	Units		6,270,321	6,270,321
7	Loan	1, 7, 9, 12, 13, 17, 19, 23, 24	1	640 5th Avenue	New York	NY	10022	Mixed Use	Office / Retail	1949	2003	314,533	SF	953.79	25,000,000	25,000,000
8	Loan	2, 7, 10, 24	1	28-40 West 23rd Street	New York	NY	10010	Mixed Use	Office / Retail	1911	1987	578,105	SF	268.12	25,000,000	25,000,000
9	Loan	10, 13, 27, 30	1	Country View Apartments	Shelby	TN	38128	Multifamily	Garden	1973, 1985	2024	321	Units	66,978.19	21,500,000	21,500,000
10	Loan	5	1	Courtyard Fort Myers at I-75	Lee	FL	33913	Hospitality	Select Service	2007	2015	134	Rooms	159,141.79	21,325,000	21,325,000
11	Loan	2, 4, 6, 7, 12, 20, 27, 30	10	Bedrock Mixed-Use Portfolio	Wayne	MI	Various	Various	Various	Various	Various	853,067	SF	87.92	20,000,000	20,000,000
11.01	Property		1	Trio on Fort Street	Wayne	MI	48209	Industrial	Manufacturing	2001	2018	563,782	SF		5,202,522	5,202,522
11.02	Property		1	28 Grand Apartments	Wayne	MI	48226	Multifamily	High Rise	2016	NAP	133	Units		2,420,114	2,420,114
11.03	Property		1	Madison Building	Wayne	MI	48226	Office	CBD	1917	2006	58,869	SF		2,188,247	2,188,247
11.04	Property		1	1274 Library Street	Wayne	MI	48226	Mixed Use	Retail / Office	1917	1975	40,666	SF		2,173,756	2,173,756
11.05	Property		1	The Ferguson Apartments	Wayne	MI	48226	Multifamily	Mid Rise	1897	2015	55	Units		2,159,264	2,159,264
11.06	Property		1	Lofts of Merchant Row	Wayne	MI	48226	Retail	Anchored	1891	2017	50,983	SF		1,811,463	1,811,463
11.07	Property		1	620 and 630 Woodward Avenue	Wayne	MI	48226	Office	CBD	1880	2013	39,602	SF		1,531,773	1,531,773
11.08	Property		1	The Globe Building	Wayne	MI	48226	Office	CBD	1888	2020	47,310	SF		1,518,731	1,518,731
11.09	Property		1	1500 Woodward Avenue	Wayne	MI	48226	Mixed Use	Office / Retail	1891	2020	21,703	SF		565,176	565,176
11.10	Property		1	Fourteen56 Apartments	Wayne	MI	48226	Multifamily	Mid Rise	1924	2024	6	Units		428,954	428,954
12	Loan	3, 7, 12, 24, 30	1	Syngenta Woodland	Yolo	CA	95695	Industrial	R&D	1984	2014, 2021	115,664	SF	255.79	19,585,518	19,585,518
13	Loan	5, 7, 12, 15, 19, 23	1	Crescent Center	Shelby	TN	38119	Office	Suburban	1986	2001, 2020	356,188	SF	145.99	18,250,000	18,250,000
14	Loan	2, 10, 19, 20, 21, 23	1	ASC Business Park	Buncombe	NC	28806	Industrial	Flex	1954	2008	296,991	SF	57.24	17,000,000	17,000,000
15	Loan	6, 27	4	Philadelphia Multifamily Portfolio	Philadelphia	PA	Various	Multifamily	Low Rise	2023	NAP	88	Units	190,909.09	16,800,000	16,800,000
15.01	Property		1	2105 Germantown Avenue	Philadelphia	PA	19122	Multifamily	Low Rise	2023	NAP	32	Units		5,440,000	5,440,000
15.02	Property		1	719, 723-727 North 35th Street	Philadelphia	PA	19104	Multifamily	Low Rise	2023	NAP	25	Units		4,330,000	4,330,000
15.03	Property		1	2101-2111 North Fairhill Street	Philadelphia	PA	19122	Multifamily	Low Rise	2023	NAP	18	Units		3,980,000	3,980,000
15.04	Property		1	2215 North 7th Street	Philadelphia	PA	19133	Multifamily	Low Rise	2023	NAP	13	Units		3,050,000	3,050,000
16	Loan	6	3	Cityline NY FL & TN Portfolio	Various	Various	Various	Self Storage	Self Storage	Various	Various	206,318	SF	81.23	16,760,000	16,760,000
16.01	Property		1	Storage Sense - Chatham & Canaan	Columbia	NY	12060; 12029	Self Storage	Self Storage	2003, 2017	NAP	66,225	SF		6,600,000	6,600,000
16.02	Property		1	Storage Sense - Clarksville	Montgomery	TN	37042	Self Storage	Self Storage	1994	NAP	70,493	SF		6,000,000	6,000,000
16.03	Property		1	Storage Sense – Punta Gorda	Charlotte	FL	33950	Self Storage	Self Storage	2013	2023	69,600	SF		4,160,000	4,160,000
17	Loan	16, 28	1	Lofts at Dallas Mill	Madison	AL	35801	Multifamily	Garden	2023	NAP	148	Units	107,770.27	15,950,000	15,950,000
18	Loan	1, 4, 7, 12, 14, 19, 20, 23	1	Kenwood Towne Centre	Hamilton	OH	45236	Retail	Super Regional Mall	1958	1988, 2003, 2009, 2019-2023	1,033,141	SF	251.66	15,000,000	15,000,000
19	Loan	2, 7, 21, 23, 24	1	Wateridge	Los Angeles	CA	90056	Office	Suburban	1987-2005	NAP	576,938	SF	112.66	15,000,000	15,000,000
20	Loan	1, 7, 23	1	1099 New York Avenue	District of Columbia	DC	20001	Office	CBD	2008	NAP	179,585	SF	317.40	15,000,000	15,000,000
21	Loan	19	1	48 E 57th Street	New York	NY	10022	Mixed Use	Retail / Office	1930	2018	11,990	SF	1,251.04	15,000,000	15,000,000
22	Loan	10, 15, 23	1	Hooksett Village	Merrimack	NH	03106	Retail	Anchored	1989	NAP	249,136	SF	59.61	14,850,000	14,850,000
23	Loan	5, 16, 27	1	637 E 223rd Street	Bronx	NY	10466	Multifamily	Mid Rise	2023	NAP	44	Units	335,227.27	14,750,000	14,750,000
24	Loan	17, 19, 20	1	Town & Country Plaza	Tangipahoa	LA	70401	Retail	Anchored	1977	2017	233,177	SF	57.34	13,370,000	13,370,000
25	Loan	5	1	SpringHill Suites Fort Myers Airport	Lee	FL	33912	Hospitality	Limited Service	2006	NAP	106	Rooms	116,132.08	12,310,000	12,310,000
26	Loan	2, 4, 5, 14, 16, 27, 28	1	2460 White Plains Road & 708 Mace Avenue	Bronx	NY	10467	Multifamily	Mid Rise	1931, 2023	NAP	34	Units	354,411.76	12,050,000	12,050,000
27	Loan	6, 7, 19	2	The Pointe & Oak Shadows	Harris	TX	Various	Multifamily	Garden	Various	Various	700	Units	66,928.57	12,000,000	12,000,000
27.01	Property		1	The Pointe	Harris	TX	77504	Multifamily	Garden	1971	2020	518	Units		9,507,565	9,507,565
27.02	Property		1	Oak Shadows	Harris	TX	77017	Multifamily	Garden	1976	2022	182	Units		2,492,435	2,492,435
28	Loan	19, 30	1	55 Pharr	Fulton	GA	30305	Multifamily	Garden	1956, 2021	NAP	123	Units	91,869.92	11,300,000	11,300,000
29	Loan	10, 15	1	Citrus Center	Citrus	FL	34453	Retail	Anchored	1987	NAP	142,196	SF	78.06	11,100,000	11,100,000
30	Loan	16, 20	1	152 Geary Street	San Francisco	CA	94108	Retail	Freestanding	1907	2008	11,500	SF	934.78	10,750,000	10,750,000
31	Loan	2, 4, 6, 16	2	Toobian NY Portfolio	Various	NY	Various	Various	Various	Various	Various	27	Units	392,592.59	10,600,000	10,600,000
31.01	Property		1	235, 239 and 241 East 39th Street	New York	NY	10016	Multifamily	Mid Rise	1900	2023	24	Units		7,432,927	7,432,927
31.02	Property		1	1437 Old Northern Boulevard	Nassau	NY	11576	Mixed Use	Multifamily / Retail	1840	2020	3	Units		3,167,073	3,167,073
32	Loan		1	Grande Woods South MHC	Cape May	NJ	08242	Manufactured Housing	Manufactured Housing	1966	NAP	248	Pads	42,338.71	10,500,000	10,500,000
33	Loan	16	1	Western Falcon	Harris	TX	77044	Industrial	Manufacturing	1985	2022	41,962	SF	246.65	10,350,000	10,350,000
34	Loan	6, 10, 24	2	Stor-More-Laredo Self Storage	Webb	TX	78041	Self Storage	Self Storage	Various	2022	144,520	SF	71.62	10,350,000	10,350,000
34.01	Property		1	Muller Rd	Webb	TX	78041	Self Storage	Self Storage	1980	2022	78,140	SF		6,540,226	6,540,226
34.02	Property		1	Industrial Blvd	Webb	TX	78041	Self Storage	Self Storage	1973	2022	66,380	SF		3,809,774	3,809,774
35	Loan	2, 4, 16, 27, 28	1	Centurion Union Phase III	Union	NJ	07083	Multifamily	Mid Rise	2024	NAP	27	Units	359,259.26	9,700,000	9,700,000
36	Loan		1	262-282 Cabrini Boulevard	New York	NY	10040	Multifamily	Mid Rise	1930	2020-2023	55	Units	174,545.45	9,600,000	9,600,000
37	Loan	16	1	Country Place Apartments	Dougherty	GA	31721	Multifamily	Garden	1981	2020-2023	144	Units	65,972.22	9,500,000	9,500,000
38	Loan		1	Hunter's Run	Warren	OH	45036	Multifamily	Garden	1994	NAP	114	Units	74,561.40	8,500,000	8,500,000
39	Loan	4, 16, 19, 28, 30	1	Griffin Capital Plaza	Los Angeles	CA	90245	Office	Suburban	2013	NAP	27,198	SF	305.17	8,300,000	8,300,000
40	Loan	16	1	322 Graham Avenue	Kings	NY	11211	Multifamily	Mid Rise	2022	NAP	10	Units	820,000.00	8,200,000	8,200,000

Loan ID Number	Loan / Property Flag	Footnotes (for Loan and Property Information)	# of Properties	Property Name	County	State	Zip Code	General Property Type	Detailed Property Type	Year Built	Year Renovated	Number of Units	Unit of Measure	Loan Per Unit ($)	Original Balance ($)	Cut-off Date Balance ($)
								2	2			3			6, 7	6, 7
41	Loan	2, 6	3	Griffith MHC Portfolio	Various	MO	Various	Manufactured Housing	Manufactured Housing	Various	NAP	271	Pads	29,889.30	8,100,000	8,100,000
41.01	Property		1	Gobblers Knob	Taney	MO	65672	Manufactured Housing	Manufactured Housing	1971	NAP	111	Pads		3,175,000	3,175,000
41.02	Property		1	Westwood Manor	Clay	MO	64068	Manufactured Housing	Manufactured Housing	1960	NAP	79	Pads		2,485,000	2,485,000
41.03	Property		1	Hidden Valley	Taney	MO	65672	Manufactured Housing	Manufactured Housing	1976	NAP	81	Pads		2,440,000	2,440,000
42	Loan	16, 19	1	2 Palmer Terrace	Bergen	NJ	07072	Industrial	Warehouse / Distribution	1977	2014	60,400	SF	119.21	7,200,000	7,200,000
43	Loan		1	Silver Oaks Business Park	Riverside	CA	92508	Office	Suburban	2007	NAP	51,950	SF	125.12	6,500,000	6,500,000
44	Loan	10, 27	1	Extra Space Storage Chicago Heights	Cook	IL	60411	Self Storage	Self Storage	1990	2019	78,617	SF	76.32	6,000,000	6,000,000
45	Loan	6, 26	2	MIC St. Louis & Memphis	Various	Various	Various	Other	Parking	NAP	NAP	305	Spaces	19,269.92	5,900,000	5,877,327
45.01	Property		1	St. Louis Spruce	St. Louis	MO	63102	Other	Parking	NAP	NAP	180	Spaces		4,100,200	4,084,443
45.02	Property		1	Memphis Poplar	Shelby	TN	38103	Other	Parking	NAP	NAP	125	Spaces		1,799,800	1,792,883
46	Loan	2, 6, 16	2	Anchor MHC and Tropical Circle MHC Portfolio	Spartanburg	SC	Various	Manufactured Housing	Manufactured Housing	Various	Various	92	Pads	51,630.43	4,750,000	4,750,000
46.01	Property		1	Anchor MHC	Spartanburg	SC	29303	Manufactured Housing	Manufactured Housing	1956	NAP	80	Pads		4,375,000	4,375,000
46.02	Property		1	Tropical Circle MHC	Spartanburg	SC	29349	Manufactured Housing	Manufactured Housing	1956	NAP	12	Pads		375,000	375,000
47	Loan		1	Cordova Court Apartments	Bossier	LA	71112	Multifamily	Garden	1965	2005	157	Units	25,477.71	4,000,000	4,000,000
48	Loan	6	2	Otto Storage Portfolio	Various	MO	Various	Self Storage	Self Storage	Various	NAP	73,267	SF	53.64	3,930,000	3,930,000
48.01	Property		1	D Highway Storage	Saint Francois	MO	63640	Self Storage	Self Storage	2015, 2016, 2017, 2020	NAP	44,370	SF		2,786,963	2,786,963
48.02	Property		1	O Road Storage	Sainte Genevieve	MO	63670	Self Storage	Self Storage	1985, 1996, 2000, 2014, 2018	NAP	28,897	SF		1,143,037	1,143,037
49	Loan	2, 16	1	All Purpose Storage Burlington	Chittenden	VT	05403	Self Storage	Self Storage	1986, 1987	NAP	29,320	SF	117.22	3,437,000	3,437,000
50	Loan	2, 16, 23	1	The Riley - 880 Manhattan Avenue	Kings	NY	11222	Mixed Use	Multifamily / Retail	1884	2023	3	Units	1,083,333.33	3,250,000	3,250,000

Loan ID Number	Loan / Property Flag	Footnotes (for Loan and Property Information)	# of Properties	Property Name	Maturity/ARD Balance ($)	Interest Rate %	Administrative Fee Rate %	Net Mortgage Rate %	Monthly Debt Service (P&I) ($)	Monthly Debt Service (IO) ($)	Annual Debt Service (P&I) ($)	Annual Debt Service (IO) ($)	Amortization Type	ARD Loan (Yes / No)
					6, 7		8		9	9	9	9		11
1	Loan	1, 6, 7, 12, 16, 19, 23, 27, 28	20	GNL Industrial Portfolio	78,400,000	5.74400%	0.01660%	5.72740%	NAP	380,486.81	NAP	4,565,841.72	Interest Only	No
1.01	Property		1	FCA USA - Detroit, MI	23,320,025
1.02	Property		1	Grupo Antolin - Shelby Township, MI	9,192,615
1.03	Property		1	Follett School - McHenry, IL	6,698,495
1.04	Property		1	Shaw Aero - Naples, FL	3,830,256
1.05	Property		1	Kuka - Sterling Heights, MI	3,554,121
1.06	Property		1	ZF Active Safety - Findlay, OH	3,465,046
1.07	Property		1	CF Sauer - 184 Suburban	3,206,726
1.08	Property		1	CF Sauer - 728 N Main St.	3,188,911
1.09	Property		1	Walgreens Boot Alliance - Pittsburgh, PA	2,859,331
1.10	Property		1	Hannibal - Houston, TX	2,832,608
1.11	Property		1	FedEx IV - Lexington, KY	2,618,826
1.12	Property		1	VersaFlex - Kansas City, KS	2,396,137
1.13	Property		1	Cott Beverage Inc - Sikeston, MO	2,120,002
1.14	Property		1	Dunlop Protective Footwear - Havre De Grace, MD	2,013,112
1.15	Property		1	CSTK - St. Louis, MO	1,995,296
1.16	Property		1	CF Sauer - 39 S Park Dr.	1,959,666
1.17	Property		1	AM Castle - Wichita, KS	1,888,405
1.18	Property		1	CF Sauer - 9 Old Mill Road	1,033,278
1.19	Property		1	CF Sauer - 2447 Eunice Avenue	138,067
1.20	Property		1	CF Sauer - 513 West Butler Road	89,076
2	Loan	2, 4, 5, 6, 16, 30	6	Champion MSU Student Housing Portfolio	44,000,000	6.74300%	0.01660%	6.72640%	NAP	250,677.27	NAP	3,008,127.24	Interest Only	No
2.01	Property		1	731 Burcham Drive	11,873,000
2.02	Property		1	745 Burcham Drive	11,663,500
2.03	Property		1	635 Abbot Road	9,708,000
2.04	Property		1	767 Burcham Drive	6,914,300
2.05	Property		1	787 Burcham Drive	2,444,400
2.06	Property		1	129 Burcham Drive	1,396,800
3	Loan	1, 2, 7, 16, 27, 28	1	620 W 153rd Street	37,000,000	6.13000%	0.01660%	6.11340%	NAP	191,633.45	NAP	2,299,601.40	Interest Only	No
4	Loan	23	1	1640 Sepulveda	35,346,542	7.47800%	0.01660%	7.46140%	253,268.25	229,351.30	3,039,219.00	2,752,215.60	Interest Only, Amortizing Balloon	No
5	Loan	2, 4, 7, 17, 28	1	University Pointe	35,850,000	6.70000%	0.01660%	6.68340%	NAP	202,942.53	NAP	2,435,310.36	Interest Only	No
6	Loan	6	3	BPW Houston Multifamily Portfolio	31,000,000	7.80000%	0.01660%	7.78340%	NAP	204,298.61	NAP	2,451,583.33	Interest Only	No
6.01	Property		1	Bayou Willows	12,716,446
6.02	Property		1	Weston Oaks	12,013,233
6.03	Property		1	Pleasant Village	6,270,321
7	Loan	1, 7, 9, 12, 13, 17, 19, 23, 24	1	640 5th Avenue	22,812,500	6.1293333%	0.01785%	6.1114833%	164,892.27	NAP	1,978,707.20	NAP	Amortizing Balloon	No
8	Loan	2, 7, 10, 24	1	28-40 West 23rd Street	25,000,000	6.07000%	0.01660%	6.05340%	NAP	128,214.70	NAP	1,538,576.40	Interest Only	No
9	Loan	10, 13, 27, 30	1	Country View Apartments	21,500,000	6.71000%	0.01660%	6.69340%	NAP	121,890.57	NAP	1,462,686.84	Interest Only	No
10	Loan	5	1	Courtyard Fort Myers at I-75	21,325,000	7.62000%	0.01660%	7.60340%	NAP	137,294.50	NAP	1,647,533.96	Interest Only	No
11	Loan	2, 4, 6, 7, 12, 20, 27, 30	10	Bedrock Mixed-Use Portfolio	20,000,000	6.38500%	0.01660%	6.36840%	NAP	107,894.68	NAP	1,294,736.16	Interest Only	No
11.01	Property		1	Trio on Fort Street	5,202,522
11.02	Property		1	28 Grand Apartments	2,420,114
11.03	Property		1	Madison Building	2,188,247
11.04	Property		1	1274 Library Street	2,173,756
11.05	Property		1	The Ferguson Apartments	2,159,264
11.06	Property		1	Lofts of Merchant Row	1,811,463
11.07	Property		1	620 and 630 Woodward Avenue	1,531,773
11.08	Property		1	The Globe Building	1,518,731
11.09	Property		1	1500 Woodward Avenue	565,176
11.10	Property		1	Fourteen56 Apartments	428,954
12	Loan	3, 7, 12, 24, 30	1	Syngenta Woodland	19,585,518	6.67100%	0.01660%	6.65440%	NAP	110,391.37	NAP	1,324,696.44	Interest Only	No
13	Loan	5, 7, 12, 15, 19, 23	1	Crescent Center	18,250,000	7.51300%	0.03535%	7.47765%	NAP	115,847.16	NAP	1,390,165.92	Interest Only	No
14	Loan	2, 10, 19, 20, 21, 23	1	ASC Business Park	17,000,000	6.49600%	0.01660%	6.47940%	NAP	93,304.81	NAP	1,119,657.72	Interest Only	No
15	Loan	6, 27	4	Philadelphia Multifamily Portfolio	16,800,000	7.32000%	0.01660%	7.30340%	NAP	103,903.33	NAP	1,246,839.96	Interest Only	No
15.01	Property		1	2105 Germantown Avenue	5,440,000
15.02	Property		1	719, 723-727 North 35th Street	4,330,000
15.03	Property		1	2101-2111 North Fairhill Street	3,980,000
15.04	Property		1	2215 North 7th Street	3,050,000
16	Loan	6	3	Cityline NY FL & TN Portfolio	16,760,000	6.17000%	0.01660%	6.15340%	NAP	87,371.20	NAP	1,048,454.40	Interest Only	No
16.01	Property		1	Storage Sense - Chatham & Canaan	6,600,000
16.02	Property		1	Storage Sense - Clarksville	6,000,000
16.03	Property		1	Storage Sense – Punta Gorda	4,160,000
17	Loan	16, 28	1	Lofts at Dallas Mill	15,950,000	6.94000%	0.04535%	6.89465%	NAP	93,525.34	NAP	1,122,304.08	Interest Only	No
18	Loan	1, 4, 7, 12, 14, 19, 20, 23	1	Kenwood Towne Centre	15,000,000	6.27100%	0.01785%	6.25315%	NAP	79,476.22	NAP	953,714.64	Interest Only	No
19	Loan	2, 7, 21, 23, 24	1	Wateridge	15,000,000	7.38400%	0.01660%	7.36740%	NAP	93,581.94	NAP	1,122,983.28	Interest Only	No
20	Loan	1, 7, 23	1	1099 New York Avenue	15,000,000	6.79700%	0.01660%	6.78040%	NAP	86,142.53	NAP	1,033,710.36	Interest Only	No
21	Loan	19	1	48 E 57th Street	15,000,000	6.89000%	0.02535%	6.86465%	NAP	87,321.18	NAP	1,047,854.16	Interest Only	No
22	Loan	10, 15, 23	1	Hooksett Village	14,850,000	7.11000%	0.02535%	7.08465%	NAP	89,208.28	NAP	1,070,499.36	Interest Only	No
23	Loan	5, 16, 27	1	637 E 223rd Street	14,750,000	7.03000%	0.01660%	7.01340%	NAP	87,610.56	NAP	1,051,326.72	Interest Only	No
24	Loan	17, 19, 20	1	Town & Country Plaza	13,370,000	7.54000%	0.06660%	7.47340%	NAP	85,174.95	NAP	1,022,099.36	Interest Only	No
25	Loan	5	1	SpringHill Suites Fort Myers Airport	12,310,000	7.62000%	0.01660%	7.60340%	NAP	79,254.17	NAP	951,050.08	Interest Only	No
26	Loan	2, 4, 5, 14, 16, 27, 28	1	2460 White Plains Road & 708 Mace Avenue	12,050,000	6.90500%	0.01660%	6.88840%	NAP	70,300.73	NAP	843,608.78	Interest Only	No
27	Loan	6, 7, 19	2	The Pointe & Oak Shadows	12,000,000	6.28000%	0.01660%	6.26340%	NAP	63,672.22	NAP	764,066.67	Interest Only	No
27.01	Property		1	The Pointe	9,507,565
27.02	Property		1	Oak Shadows	2,492,435
28	Loan	19, 30	1	55 Pharr	11,300,000	6.32000%	0.01660%	6.30340%	NAP	60,339.91	NAP	724,078.92	Interest Only	No
29	Loan	10, 15	1	Citrus Center	11,100,000	7.01000%	0.02535%	6.98465%	NAP	65,743.09	NAP	788,917.08	Interest Only	No
30	Loan	16, 20	1	152 Geary Street	10,750,000	7.37000%	0.01660%	7.35340%	NAP	66,939.90	NAP	803,278.82	Interest Only	No
31	Loan	2, 4, 6, 16	2	Toobian NY Portfolio	10,600,000	6.45000%	0.01660%	6.43340%	NAP	57,766.32	NAP	693,195.83	Interest Only	No
31.01	Property		1	235, 239 and 241 East 39th Street	7,432,927
31.02	Property		1	1437 Old Northern Boulevard	3,167,073
32	Loan		1	Grande Woods South MHC	10,500,000	6.78000%	0.01660%	6.76340%	NAP	60,148.96	NAP	721,787.52	Interest Only	No
33	Loan	16	1	Western Falcon	10,350,000	7.99000%	0.01660%	7.97340%	NAP	69,870.89	NAP	838,450.68	Interest Only	No
34	Loan	6, 10, 24	2	Stor-More-Laredo Self Storage	10,350,000	7.06000%	0.02535%	7.03465%	NAP	61,738.23	NAP	740,858.76	Interest Only	No
34.01	Property		1	Muller Rd	6,540,226
34.02	Property		1	Industrial Blvd	3,809,774
35	Loan	2, 4, 16, 27, 28	1	Centurion Union Phase III	9,700,000	6.45000%	0.01660%	6.43340%	NAP	52,861.63	NAP	634,339.58	Interest Only	No
36	Loan		1	262-282 Cabrini Boulevard	9,600,000	6.94000%	0.01660%	6.92340%	NAP	56,291.11	NAP	675,493.32	Interest Only	No
37	Loan	16	1	Country Place Apartments	9,500,000	6.74700%	0.01660%	6.73040%	NAP	54,155.61	NAP	649,867.32	Interest Only	No
38	Loan		1	Hunter's Run	8,500,000	7.60000%	0.01660%	7.58340%	NAP	54,581.02	NAP	654,972.24	Interest Only	No
39	Loan	4, 16, 19, 28, 30	1	Griffin Capital Plaza	8,300,000	7.10200%	0.01660%	7.08540%	NAP	49,804.42	NAP	597,653.04	Interest Only	No
40	Loan	16	1	322 Graham Avenue	8,200,000	6.33000%	0.01660%	6.31340%	NAP	43,855.76	NAP	526,269.17	Interest Only	No

Loan ID Number	Loan / Property Flag	Footnotes (for Loan and Property Information)	# of Properties	Property Name	Maturity/ARD Balance ($)	Interest Rate %	Administrative Fee Rate %	Net Mortgage Rate %	Monthly Debt Service (P&I) ($)	Monthly Debt Service (IO) ($)	Annual Debt Service (P&I) ($)	Annual Debt Service (IO) ($)	Amortization Type	ARD Loan (Yes / No)
					6, 7		8		9	9	9	9		11
41	Loan	2, 6	3	Griffith MHC Portfolio	8,100,000	6.84600%	0.01660%	6.82940%	NAP	46,852.31	NAP	562,227.72	Interest Only	No
41.01	Property		1	Gobblers Knob	3,175,000
41.02	Property		1	Westwood Manor	2,485,000
41.03	Property		1	Hidden Valley	2,440,000
42	Loan	16, 19	1	2 Palmer Terrace	7,200,000	6.68000%	0.01660%	6.66340%	NAP	40,636.67	NAP	487,640.00	Interest Only	No
43	Loan		1	Silver Oaks Business Park	6,500,000	6.33000%	0.01660%	6.31340%	NAP	34,763.72	NAP	417,164.58	Interest Only	No
44	Loan	10, 27	1	Extra Space Storage Chicago Heights	6,000,000	6.59000%	0.02535%	6.56465%	NAP	33,407.64	NAP	400,891.68	Interest Only	No
45	Loan	6, 26	2	MIC St. Louis & Memphis	5,481,070	7.94000%	0.02535%	7.91465%	45,302.90	NAP	543,634.80	NAP	Amortizing Balloon	No
45.01	Property		1	St. Louis Spruce	3,809,065
45.02	Property		1	Memphis Poplar	1,672,005
46	Loan	2, 6, 16	2	Anchor MHC and Tropical Circle MHC Portfolio	4,750,000	6.39200%	0.01660%	6.37540%	NAP	25,653.08	NAP	307,836.94	Interest Only	No
46.01	Property		1	Anchor MHC	4,375,000
46.02	Property		1	Tropical Circle MHC	375,000
47	Loan		1	Cordova Court Apartments	4,000,000	8.02500%	0.01660%	8.00840%	NAP	27,121.53	NAP	325,458.33	Interest Only	No
48	Loan	6	2	Otto Storage Portfolio	3,930,000	7.16000%	0.08535%	7.07465%	NAP	23,774.68	NAP	285,296.16	Interest Only	No
48.01	Property		1	D Highway Storage	2,786,963
48.02	Property		1	O Road Storage	1,143,037
49	Loan	2, 16	1	All Purpose Storage Burlington	3,437,000	7.33900%	0.01660%	7.32240%	NAP	21,312.07	NAP	255,744.84	Interest Only	No
50	Loan	2, 16, 23	1	The Riley - 880 Manhattan Avenue	3,250,000	6.90000%	0.02535%	6.87465%	NAP	18,947.05	NAP	227,364.60	Interest Only	No

		FREE WRITING PROSPECTUS
		FILED PURSUANT TO RULE 433
		REGISTRATION FILE NO.: 333-276033-02

Footnotes to Annex A-1

(1);	“Barclays” denotes Barclays Capital Real Estate Inc. as Mortgage Loan Seller, “SGFC” denotes Societe Generale Financial Corporation as Mortgage Loan Seller, “KeyBank” denotes KeyBank National Association as Mortgage Loan Seller, “BMO” denotes Bank of Montreal as Mortgage Loan Seller, “AREF2” denotes Argentic Real Estate Finance 2 LLC as Mortgage Loan Seller, “LMF” denotes LMF Commercial, LLC 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, “GCMC” denotes Greystone Commercial Mortgage Capital LLC as Mortgage Loan Seller, “GACC” denotes German American Capital Corporation as Mortgage Loan Seller and “UBS AG” denotes UBS AG, by and through its branch office at 1285 Avenue of the Americas, New York, New York as Mortgage Loan Seller. With respect to Loan No. 1, GNL Industrial Portfolio, the mortgage loan is part of a whole loan that was co-originated by BMO, Barclays, SGFC and KeyBank. With respect to Loan No. 3, 620 W 153rd Street, the mortgage loan is part of a whole loan that was co-originated by BMO and AREF2. With respect to Loan No. 7, 640 5th Avenue, the mortgage loan is part of a whole loan that was co-originated by Goldman Sachs Bank USA, BMO and Morgan Stanley Bank, N.A. With respect to Loan No. 18, Kenwood Towne Centre, the mortgage loan is part of a whole loan that was co-originated by Wells Fargo Bank, National Association, Goldman Sachs Bank USA and SGFC. With respect to Loan No. 20, 1099 New York Avenue, the mortgage loan is part of a whole loan that was co-originated by Barclays and AREF2.

(2)	With respect to Loan No. 2, Champion MSU Student Housing Portfolio, the mortgaged property is comprised of 292 apartment units, which include 524 beds. With respect to Loan No. 3, 620 W 153rd Street, the mortgaged property contains three commercial units totaling 31,306 square feet of commercial space, that are 100% occupied by two retail tenants which represent approximately 7.0% of the net rental income from the 620 W 153rd Street mortgaged property. The information regarding occupancy and number of units shown does not include any commercial space at the 620 W 153rd Street mortgaged property unless otherwise indicated. With respect to Loan No. 5, University Pointe, the mortgaged property consists of 877 beds equating to 250 units with 30,943 square feet of ground floor retail. The student housing portion of the mortgaged property is 98.1% occupied as of April 4, 2024 and the retail portion of the mortgaged property is 84.2% occupied as of February 13, 2024. The residential income accounts for 94.1% of total EGI with the commercial income accounting for the remaining 5.9%. With respect to Loan No. 8, 28-40 West 23rd Street, the mortgaged property consists of 459,605 square feet of office space, accounting for 77.4% of adjusted base rent, and 118,500 square feet of retail space leased to Home Depot, accounting for 22.6% of adjusted base rent. With respect to Loan No. 11, Bedrock Mixed-Use Portfolio, the mortgaged properties are mixed-use properties totaling 853,067 square feet across 10 properties. The industrial portion of the mortgaged properties consists of 563,782 square feet (66.1% of total commercial square feet) and is 86.1% leased as of May 20, 2024. The office portion of the mortgaged properties consists of 170,576 square feet (20.0% of total commercial square feet) and is 80.4% leased as of May 20, 2024. The retail portion of the mortgaged properties consists of 117,106 square feet (13.7% of total commercial square feet) and is 72.4% leased as

	of May 20, 2024. The storage portion of the mortgaged properties consists of 1,603 square feet (0.2% of total commercial square feet) and is 38.4% leased. The three multifamily buildings in the portfolio include 30,152 commercial square feet that is 26.7% leased as of May 20, 2024, and 194 units that are 87.6% leased as of May 20, 2024. With respect to Loan No. 14, ASC Business Park, the mortgaged property consists of 223,075 square feet of industrial space and 73,916 square feet of office space. With respect to Loan No. 19, Wateridge, the mortgaged property consists of 522,985 square feet of office space, 38,524 square feet of fitness center space, 15,029 square feet of retail space, and 400 square feet of storage space. With respect to Loan No. 26, 2460 White Plains Road & 708 Mace Avenue, the mortgaged property is comprised of two buildings: (i) a 32-unit six-story multifamily building located at 2460 White Plains Road and (ii) a mixed-use building containing 2,000 square feet of ground floor commercial space with two second-floor multifamily units located at 708 Mace Avenue. For presentation purposes, only the multifamily units are considered. With respect to Loan No. 31, Toobian NY Portfolio, the 1437 Old Northern Boulevard mortgaged property is a mixed-use building containing (i) three multifamily units, (ii) two ground floor commercial units and (iii) one office unit. For presentation purposes, only the multifamily units are considered.

	With respect to Loan No. 35, Centurion Union Phase III, the mortgaged property is comprised of (i) 27 multifamily units and (ii) four ground floor commercial units. For presentation purposes, only the multifamily units are considered. With respect to Loan No. 41, Griffith MHC Portfolio, the mortgaged properties consist of 271 pad sites, inclusive of 45 RV spaces located at the Hidden Valley mortgaged property. With respect to Loan No. 46, Anchor & Tropical Circle MHC Portfolio, the Anchor MHC mortgaged property is comprised of: (i) 80 pad sites, six of which are single-family rentals and two of which are commercial spaces, (ii) 1,950 square feet of office space and (iii) 6,000 square feet of self-storage space. For presentation purposes, only the pad sites are considered. With respect to Loan No. 49, All Purpose Storage Burlington, the mortgaged property consists of 270 storage units totaling 28,020 square feet, eight parking spaces, a 700 square foot office space and a 600 square foot apartment. With respect to Loan No. 50, The Riley – 880 Manhattan Avenue, the mortgaged property consists of three residential units and 1,250 square feet of retail space.

(3)	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. 12, Syngenta Woodland, the mortgaged property is situated on 201.4 acres and is comprised of 14 buildings, including 4 greenhouses and field space for seed production. The mortgaged property includes 5,000 square feet of lab dedicated to plant pathology and 10,600 square feet of office and administrative space.

(4)	In certain cases, 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 five 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—Lease Expirations and Terminations—Other” in the preliminary prospectus. With respect to Loan No. 2, Champion MSU Student Housing Portfolio, current occupancy as of May 15, 2024 is inclusive of two model units, with one unit at the 731 Burcham Drive mortgaged property and the other unit at the 635 Abbot Road mortgaged property. With respect to Loan No. 5, University Pointe, Leased Occupancy (%) is based on 877 beds and does not include the 30,943 square feet of ground floor retail space at the University Pointe mortgaged property, which was 84.2% occupied as of February 13, 2024. With respect to Loan No. 11, Bedrock Mixed-Use Portfolio, the overall historical occupancy and current occupancy are calculated by dividing the vacant commercial square footage over the overall commercial square footage at the Bedrock Mixed Use Portfolio mortgaged properties. The historical occupancy and current occupancy for the 28 Grand Apartments mortgaged property, The Ferguson Apartments mortgaged property and the Fourteen56 Apartments mortgaged property reflect the multifamily occupancy. With respect to Loan No. 18, Kenwood Towne Centre, occupancy includes all tenants in place and excludes the 137,836 square feet of non-collateral space occupied by Nordstrom. As of December 31, 2023, the Kenwood Towne Centre mortgaged property was 95.2% occupied, excluding the non-collateral Nordstrom space. With respect to Loan No. 26, 2460 White Plains Road & 708 Mace Avenue, the presented units and occupancy figures represents the 34 multifamily units at the mortgaged property and excludes the one ground floor commercial unit. The commercial unit is leased to Play, Dream & Learn, LLC, which has taken possession of its space and is paying rent, but is not yet open for business. At origination of the mortgage loan, the borrower deposited $250,000 into a commercial rent reserve. With respect to Loan No. 31, Toobian NY Portfolio, for the 1437 Old Northern Boulevard mortgaged property, the presented units and occupancy figures represents the three multifamily units at the 1437 Old Northern Boulevard mortgaged property, and excludes the two ground floor commercial units and one office unit. As of May 1, 2024, the multifamily, commercial and office units were 100% occupied. With respect to Loan No. 35, Centurion Union Phase III, the presented units and occupancy figures represent the 27 multifamily units at the mortgaged property and exclude the four ground floor commercial units. As of May 1, 2024, the commercial space totaling 5,333 square feet was 75.1% occupied. The remaining 1,327 square feet of vacant space is currently master leased to the borrower sponsor. With respect to Loan No. 39, Griffin Capital Plaza, the Largest Tenant, Griffin Capital Company, an affiliate of the borrower sponsor, subleases 13,620 square feet of its space to another borrower sponsor affiliate, Peakstone Realty Trust, pursuant to a sublease that commenced in September 2021 and expires in June 2026. As of July 1, 2024, the subtenant will pay monthly rent of approximately $39,498. The underwritten monthly rent for the Largest Tenant is approximately $45,627, which is based on the primary lease to Griffin Capital Company.

(5)	With respect to all mortgage loans, with the exceptions of the mortgage loans identified in “Description of the Mortgage Pool—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. 2, Champion MSU Student Housing Portfolio, the Appraised Value is the “As Portfolio” value, which includes a portfolio premium of $2,000,000. Based on the aggregate “As Is” appraised values of the mortgaged properties of $63,000,000, the Cut-off Date LTV Ratio and LTV Ratio at


	Maturity/ARD would be 69.8%. With respect to Loan No. 10, Courtyard Fort Myers at I-75, the appraised value of $33,500,000 is the “Hypothetical As Is, As If Complete” value, which assumes that the scheduled property improvement plan has been completed as of February 12, 2024. At origination of the mortgage loan, the borrower deposited $3,800,000 for property improvement plan work. The “as-is” appraised value is $28,500,000. Such “as-is” appraised value results in a Cut-off Date LTV Ratio (%) and LTV Ratio at Maturity / ARD (%) of 74.8%. With respect to Loan No. 13, Crescent Center, the Cut-off Date LTV Ratio (%) and LTV Ratio at Maturity / ARD (%) were calculated using the “Hypothetical As-Is” appraised value, which assumes a $1,200,000 upfront reserve for free rent and a $500,000 upfront reserve for future TI/LC costs. With respect to Loan No. 23, 637 E 223rd Street, the “As-Stabilized” Appraised Value ($) is $22,500,000 as of June 1, 2024, which assumes that the mortgaged property will qualify for, and receive, New York City Family Homelessness & Eviction Prevention Supplement rents in-line with 130% of the area median income limits for a minimum of five years, with opportunity to extend beyond five years. With respect to Loan No. 25, SpringHill Suites Fort Myers Airport, the appraised value of $19,500,000 is the “Hypothetical As Is, As If Complete” value, which assumes that the scheduled property improvement plan has been completed as of February 12, 2024. At origination of the mortgage loan, the borrower deposited $4,000,000 for property improvement plan work. The “as-is” appraised value is $14,500,000. Such “as-is” appraised value results in a Cut-off Date LTV Ratio (%) and LTV Ratio at Maturity / ARD (%) of 84.9%. With respect to Loan No. 26, 2460 White Plains Road & 708 Mace Avenue, the appraised values for the 2460 White Plains Road building and the 708 Mace Avenue building were $17,675,000 and $1,900,000, respectively.

(6)	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. 1, GNL Industrial Portfolio ● Loan No. 2, Champion MSU Student Housing Portfolio ● Loan No. 6, BPW Houston Multifamily Portfolio ● Loan No. 11, Bedrock Mixed-Use Portfolio ● Loan No. 15, Philadelphia Multifamily Portfolio ● Loan No. 16, Cityline NY FL & TN Portfolio ● Loan No. 27, The Pointe & Oak Shadows ● Loan No. 31, Toobian NY Portfolio ● Loan No. 34, Stor-More-Laredo Self Storage ● Loan No. 41, Griffith MHC Portfolio ● Loan No. 45, MIC St. Louis & Memphis ● Loan No. 46, Anchor MHC and Tropical Circle MHC Portfolio ● Loan No. 48, Otto Storage Portfolio

(7)	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 Loan Summary” and “Whole Loan


	Control Notes and Non-Control Notes” in “Description of the Mortgage Pool—The Whole Loans” in the preliminary prospectus. ● Loan No. 1, GNL Industrial Portfolio ● Loan No. 3, 620 W 153rd Street ● Loan No. 5, University Pointe ● Loan No. 7, 640 5th Avenue ● Loan No. 8, 28-40 West 23rd Street ● Loan No. 11, Bedrock Mixed-Use Portfolio ● Loan No. 12, Syngenta Woodland ● Loan No. 13, Crescent Center ● Loan No. 18, Kenwood Towne Centre ● Loan No. 19, Wateridge ● Loan No. 20, 1099 New York Avenue ● Loan No. 27, The Pointe & Oak Shadows

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

(9)	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. With respect to Loan No. 7, 640 5th Avenue, the 640 5th Avenue Whole Loan and the 640 5th Avenue Mezzanine Loan each have fixed amortization for their entire 60-month loan terms. With respect to the 640 5th Avenue Whole Loan, the borrower is required to make payments on each monthly payment date, as follows: (x) principal in the amount of $437,500 and (y) the monthly interest payment. With respect to the 640 5th Avenue Mezzanine Loan, the mezzanine borrower is required to make payments on each monthly payment date as follows: (x) principal in the amount of approximately $145,833 and (y) the monthly interest payment.

(10)	With respect to Loan No. 8, 28-40 West 23rd Street, Grace Period – (Late Payment) is zero days for the outstanding principal balance due at maturity and three days for the monthly payment of interest once in any 366 day period. With respect to Loan No. 9, Country View Apartments, the Grace Period – Default (Days) is zero days for the outstanding principal balance due at maturity and five days is allowed during the term of the mortgage loan for the monthly payment of principal and interest. With respect to Loan No. 14, ASC Business Park, the Grace Period – Late Fee (Days) of 10 days is permitted, before the borrower has to pay the lesser of (i) 5.0% of the unpaid sum or (ii) the maximum amount permitted by applicable law in order to defray the expense incurred by the lender to process the delinquent payment and to compensate the lender for the loss of the use of the delinquent payment. With respect to Loan No. 22, Hooksett Village, a Grace Period – Default (Days) of five days does not apply to the amount due on the maturity date. With respect to Loan No. 29, Citrus Center, a Grace Period – Default (Days) of five days does not apply to the amount due on the maturity date. With respect to Loan No. 34, Stor-More-Laredo Self Storage, a Grace Period – Default (Days) of five days does not apply to the amount due on the maturity date.


	With respect to Loan No. 44, Extra Space Storage Chicago Heights, a Grace Period – Default (Days) of three days does not apply to the amount due on the maturity date.

(11)	Intentionally left blank.

(12)	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 “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 preliminary prospectus. See “Description of the Mortgage Pool—Certain Terms of the Mortgage Loans—Releases; Partial Releases” in the preliminary prospectus. With respect to Loan No. 1, GNL Industrial Portfolio, the GNL Industrial Portfolio Whole Loan may be voluntarily prepaid in whole (but not in part, other than in connection with the release of an individual mortgaged property, to cure a debt yield trigger or to obtain the DSCR threshold necessary for casualty/condemnation proceeds to be made available to the borrowers), at any time after April 5, 2025, with the payment of a yield maintenance premium if such prepayment is made prior to October 6, 2028. From and after October 6, 2028, the GNL Industrial Portfolio Whole Loan may be voluntarily prepaid in whole (but not in part, other than in connection with the release of an individual mortgaged property, to cure a debt yield trigger or to obtain the DSCR threshold necessary for casualty/condemnation proceeds to be made available to the borrowers), without the payment of a yield maintenance premium. The GNL Industrial Portfolio Whole Loan may be defeased in whole (but not in part, other than in connection with the release of an individual mortgaged property pursuant to the GNL Industrial Portfolio Whole Loan documents) at any time after the earlier to occur of (i) April 5, 2027 and (ii) the date that is two years from the closing date of the securitization that includes the last pari passu note of the GNL Industrial Portfolio Whole Loan to be securitized. The assumed defeasance lockout period of 27 payments is based on the anticipated closing date of the BBCMS 2024-5C27 securitization in July 2024. The actual lockout period may be longer. With respect to Loan No. 7, 640 5th Avenue, the lockout period for prepayment of the 640 5th Avenue Whole Loan, in whole, will be at least 24 months beginning with and including the first payment date on August 1, 2024; provided that partial prepayment to resize the 640 5th Avenue Whole Loan to satisfy certain debt yield requirements are permitted during the whole loan term with applicable yield maintenance therewith. The borrower may defease the 640 5th Avenue Whole Loan in whole (but not in part) at any time after the earlier to occur of (i) two years from the closing date of the securitization that includes the last note to be securitized and (ii) August 1, 2027. The assumed lockout period of 24 payments is based on the anticipated closing date of the BBCMS 2024-5C27 securitization in July 2024. The actual lockout period may be longer. With respect to Loan No. 11, Bedrock Mixed-Use Portfolio, the lockout period will be at least 25 payment dates beginning with and including the first payment date in July 2024. Defeasance of the Bedrock Mixed Use Portfolio Whole Loan in full is permitted at any time after the earlier to occur of (i) June 5, 2027 and (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 25 payment dates is based on the anticipated closing date of the BBCMS 2024-5C27 securitization in July 2024. The actual lockout period may be longer.

	With respect to Loan No. 12, Syngenta Woodland, at origination, the borrower deposited $4,948,000 into a capital expenditures reserve (the “Syngenta CapEx Reserve”) to pay for advances that the sole tenant, Syngenta Seeds, LLC (“Syngenta”), is entitled to request pursuant to its lease, which were expected to be


	the BBCMS 2024-5C27 securitization in July 2024. The actual lockout period may be longer. The Kenwood Towne Centre Whole Loan may be partially prepaid at any time to cure a cash management trigger period due to the Kenwood Towne Centre Whole Loan debt yield being less than 9.75%, provided that any prepayment prior to the payment date occurring in September 2028 will be subject to payment of a yield maintenance premium.

(13)	Refers to (a) debt secured by the mortgaged property, (b) mezzanine debt and (c) preferred equity. See “Description of the Mortgage Pool—Additional Indebtedness—Mezzanine Indebtedness,” “—Preferred Equity” and “Certain Legal Aspects of the Mortgage Loans” in the preliminary 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. 7, 640 5th Avenue, Morgan Stanley Bank, N.A. and Goldman Sachs Bank USA originated a mezzanine loan (the “640 5th Avenue Mezzanine Loan”) in the amount of $100,000,000, secured by the direct equity ownership in the borrower of the 640 5th Avenue Whole Loan. The borrower under the 640 5th Avenue Mezzanine Loan is required to make monthly payments to the mezzanine lender equal to (x) principal in the amount of approximately $145,833 and (y) the monthly interest payment. The 640 5th Avenue Mezzanine Loan accrues interest at a rate of 11.50000% per annum and is coterminous with the 640 5th Avenue Whole Loan. With respect to Loan No. 9, Country View Apartments, future mezzanine debt is permitted, subject to the satisfaction of certain conditions including, among others, (i) immediately after giving effect to such debt (x) the combined loan-to-value ratio does not exceed 67.4% and (y) the debt service coverage ratio is equal to or greater than 1.19x, (ii) execution of a subordination and intercreditor agreement reasonably acceptable to the lender and (iii) receipt of a rating agency confirmation from each applicable rating agency.

(14)	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. With respect to Loan No. 18, Kenwood Towne Centre, the Underwritten NOI DSCR (x) and Underwritten NCF DSCR (x) do not include the non-collateral Nordstrom space. With respect to Loan No. 26, 2460 White Plains Road & 708 Mace Avenue, the Underwritten NOI DSCR (x), Underwritten NCF DSCR (x), Underwritten NOI Debt Yield (%) and Underwritten NCF Debt Yield (%), which equal 1.42x, 1.41x, 9.9% and 9.8%, respectively, assume a stabilized underwritten economic vacancy of 3.1%, giving credit to rent payments due under the three unleased units that are currently subject to a master lease, versus an in-place economic vacancy of 8.5%. Assuming the in-place economic vacancy, the Underwritten NOI DSCR (x), the Underwritten NCF DSCR (x), the Underwritten NOI Debt Yield (%) and the Underwritten NCF Debt Yield (%) would be 1.33x, 1.32x, 9.3% and 9.2%, respectively. The mortgage loan was structured to include a $200,000 rent reserve to be released to the borrower, upon the satisfaction of certain conditions, including, but not limited to, (i) no event of default under the mortgage loan then exists, (ii) the borrower has provided a certified rent roll with 100% occupancy, (iii) the borrower has provided the executed leases for the three unleased units and (iv) the DSCR (based on trailing one-month income, annualized, and underwritten expenses) is greater than or equal to 1.40x.

(15)	In certain cases, Underwritten TI / LC ($) is inclusive of certain credits for upfront reserves taken at closing. With respect to Loan No. 13, Crescent Center, a $100,000 credit to tenant improvements and leasing commissions has been underwritten, reflecting 1/5th of the TI/LC deposit at origination. With respect to Loan No. 22, Hooksett Village, a $80,000 credit to tenant improvements and leasing


	commission has been underwritten reflecting approximately 1/10th of the TI/LC deposits at origination. With respect to Loan No. 29, Citrus Center, a $60,000 credit to tenant improvements and leasing commission has been underwritten reflecting 1/5th of the TI/LC deposits at origination.

(16)	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. 1, GNL Industrial Portfolio, the fourth most recent revenue is unavailable because the GNL Industrial Portfolio mortgaged properties were acquired by the borrower sponsor on various dates between 2014 and 2020. With respect to Loan No. 2, Champion MSU Student Housing Portfolio, the mortgaged properties were closed for renovations during the 2022-23 school year, and post-renovation operations began in August of 2023, coinciding with the start of the 2023-24 school year. Accordingly, historical cash flows are not applicable. Most Recent NOI consists of NOI for the month of February 2024, annualized. With respect to Loan No. 3, 620 W 153rd Street, historical financial information is not available because the improvements were completed in 2023. With respect to Loan No. 17, Lofts at Dallas Mill, historical cash flows prior to the trailing 12 months ended March 31, 2024 are not available as the mortgaged property was built in 2023. With respect to Loan No. 23, 637 E 223rd Street, historical financial information is not available because the mortgaged property was built in 2023. With respect to Loan No. 26, 2460 White Plains Road & 708 Mace Avenue, historical financial information prior to the trailing-six months ending March 31, 2024 is not available as the mortgaged property was re-developed in 2023. With respect to Loan No. 30, 152 Geary Street, historical financial information is not available due to the triple-net nature of the single-tenant lease at the mortgaged property. With respect to Loan No. 31, Toobian NY Portfolio, historical financial information prior to the trailing-four months ending April 30, 2024 for the 235, 239 and 241 East 39th Street mortgaged property is not available as the mortgaged property was acquired in December 2023. With respect to Loan No. 33, Western Falcon, historical financial information prior to 2023 is not available as the borrower did not provide such information since the mortgaged property is a single tenant property subject to a triple-net lease with the related tenant. With respect to Loan No. 35, Centurion Union Phase III, historical financial information is not available as the mortgaged property was built in 2024. With respect to Loan No. 37, Country Place Apartments, after acquiring the mortgaged property in 2020, the borrower sponsor renovated 115 of the units. These renovations carried over into 2021 through March 2023. With respect to Loan No. 39, Griffin Capital Plaza, Fourth Most Recent cash flows are not available as the borrower sponsor was not required to provide more than three years of historical operating statements.

	With respect to Loan No. 40, 322 Graham Avenue, historical financial information is not available as the mortgaged property was built in 2022 and completed leasing up in the fourth quarter of 2023.


	With respect to Loan No. 42, 2 Palmer Terrace, the Fourth Most Recent NOI represents the trailing-eight months ending December 31, 2021 as the mortgaged property was acquired in April 2021. With respect to Loan No. 46, Anchor MHC and Tropical Circle MHC Portfolio, the mortgaged properties were historically operated as one mortgaged property. As such, historical financial information is presented at only the portfolio level. With respect to Loan No. 49, All Purpose Storage Burlington, the mortgaged property was acquired in October 2022. The 2022 financial information reflects prior ownership operations for the fiscal year ending May 2022. With respect to Loan No. 50, The Riley – 880 Manhattan Avenue, historical financials are unavailable as the mortgaged property was fully renovated in 2023.

(17)	With respect to Loan No. 5, University Pointe, the mortgaged property is subject to a ground lease between Nob Hill Partners, LLC, a co-borrower as landlord, and Broward Student Housing, LLC, a co-borrower as tenant. With respect to Loan No. 7, 640 5th Avenue, a prior owner of the mortgaged property ground leased the mortgaged property to the owner of the property located at 650 5th Avenue (the “Air Rights Tenant”), who subleased the mortgaged property (other than other than development rights relating to the West 52nd Street building, which was retained by the Air Rights Tenant) back to such prior owner of the mortgaged property, solely for the purpose of satisfying certain zoning requirements in connection with the transfer of such development rights to the Air Rights Tenant. With respect to Loan No. 24, Town & Country Plaza, the mortgaged property is situated on six parcels totaling approximately 21.29 acres. The borrower’s interest in two of the six parcels is a leasehold, which are owned by two separate ground lessors, Gold Giant, LTD and N. Cefalu Company, Inc., while the remaining parcels are owned in fee. The borrower’s ground lease with Gold Giant, LTD encompasses 0.47 acres on the mortgaged property (the “Gold Ground Lease”) and has 13, five-year extension options remaining. The current term of the Gold Ground Lease expires on February 3, 2053 (February 3, 2098 with extensions). The borrower currently pays $5,000 in ground rent annually. Increases are based on the cumulative consumer price index over the prior five-year period. The borrower’s ground lease with N. Cefalu Company, Inc. encompasses six acres of the mortgaged property (the “Cefalu Ground Lease”) and has four, 15-year renewal options remaining. The current term of the Cefalu Ground Lease expires on July 31, 2045 (July 31, 2090 with extensions). The borrower is currently paying $30,000 in rent annually with a $2,400 annual increase per option.

(18)	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.

(19)	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. 1, GNL Industrial Portfolio, during the continuance of a cash sweep period, the borrowers are required to deposit into an account for repairs and replacements, on a monthly basis, an amount equal to 1/12th of $0.15 multiplied by the total number of rentable square feet. In the event of a partial release, the monthly deposit will be reduced by an amount equal to 1/12th of the product obtained by multiplying $0.15 by the total number of rentable square feet of the individual mortgaged property that

Loan ID Number	Loan / Property Flag	Footnotes (for Loan and Property Information)	# of Properties	Property Name	Final Maturity Date	Grace Period - Late Fee (Days)	Grace Period - Default (Days)	Prepayment Provision	Most Recent EGI ($)	Most Recent Expenses ($)	Most Recent NOI ($)	Most Recent NOI Date	Most Recent Description	Second Most Recent EGI ($)
						10		12					16
1	Loan	1, 6, 7, 12, 16, 19, 23, 27, 28	20	GNL Industrial Portfolio	4/6/2029	0	0	L(11),YM1(16),DorYM1(26),O(7)	30,083,673	1,937,654	28,146,019	12/31/2023	T-12	29,989,517
1.01	Property		1	FCA USA - Detroit, MI					9,124,678	980,812	8,143,866	12/31/2023	T-12	8,520,112
1.02	Property		1	Grupo Antolin - Shelby Township, MI					3,723,073	62,226	3,660,847	12/31/2023	T-12	3,635,451
1.03	Property		1	Follett School - McHenry, IL					2,078,309	15,385	2,062,924	12/31/2023	T-12	2,282,237
1.04	Property		1	Shaw Aero - Naples, FL					1,339,488	263,265	1,076,223	12/31/2023	T-12	1,258,092
1.05	Property		1	Kuka - Sterling Heights, MI					1,189,724	19,724	1,170,000	12/31/2023	T-12	1,167,198
1.06	Property		1	ZF Active Safety - Findlay, OH					1,700,662	52,029	1,648,633	12/31/2023	T-12	2,181,541
1.07	Property		1	CF Sauer - 184 Suburban					1,140,189	5,229	1,134,961	12/31/2023	T-12	1,116,127
1.08	Property		1	CF Sauer - 728 N Main St.					1,196,256	12,180	1,184,076	12/31/2023	T-12	1,168,826
1.09	Property		1	Walgreens Boot Alliance - Pittsburgh, PA					1,054,508	24,302	1,030,206	12/31/2023	T-12	1,041,968
1.10	Property		1	Hannibal - Houston, TX					1,437,384	291,247	1,146,137	12/31/2023	T-12	1,440,392
1.11	Property		1	FedEx IV - Lexington, KY					853,366	12,834	840,532	12/31/2023	T-12	990,505
1.12	Property		1	VersaFlex - Kansas City, KS					720,000	5,328	714,672	12/31/2023	T-12	723,486
1.13	Property		1	Cott Beverage Inc - Sikeston, MO					920,672	79,649	841,024	12/31/2023	T-12	909,392
1.14	Property		1	Dunlop Protective Footwear - Havre De Grace, MD					661,814	6,949	654,865	12/31/2023	T-12	646,522
1.15	Property		1	CSTK - St. Louis, MO					995,619	94,628	900,991	12/31/2023	T-12	990,341
1.16	Property		1	CF Sauer - 39 S Park Dr.					736,155	7,492	728,662	12/31/2023	T-12	719,276
1.17	Property		1	AM Castle - Wichita, KS					750,794	0	750,794	12/31/2023	T-12	747,440
1.18	Property		1	CF Sauer - 9 Old Mill Road					387,452	3,946	383,506	12/31/2023	T-12	378,568
1.19	Property		1	CF Sauer - 2447 Eunice Avenue					44,567	230	44,338	12/31/2023	T-12	43,653
1.20	Property		1	CF Sauer - 513 West Butler Road					28,962	199	28,763	12/31/2023	T-12	28,391
2	Loan	2, 4, 5, 6, 16, 30	6	Champion MSU Student Housing Portfolio	6/6/2029	0	0	L(25),D(28),O(7)	5,533,935	2,190,071	3,343,864	2/28/2024	T-1 Ann.	NAV
2.01	Property		1	731 Burcham Drive					NAV	NAV	NAV	NAV	NAV	NAV
2.02	Property		1	745 Burcham Drive					NAV	NAV	NAV	NAV	NAV	NAV
2.03	Property		1	635 Abbot Road					NAV	NAV	NAV	NAV	NAV	NAV
2.04	Property		1	767 Burcham Drive					NAV	NAV	NAV	NAV	NAV	NAV
2.05	Property		1	787 Burcham Drive					NAV	NAV	NAV	NAV	NAV	NAV
2.06	Property		1	129 Burcham Drive					NAV	NAV	NAV	NAV	NAV	NAV
3	Loan	1, 2, 7, 16, 27, 28	1	620 W 153rd Street	4/6/2029	0	0	L(27),D(27),O(6)	7,894,069	1,190,865	6,703,204	2/29/2024	T-3 Ann.	NAV
4	Loan	23	1	1640 Sepulveda	5/6/2029	0	0	L(26),D(27),O(7)	6,693,802	3,162,427	3,531,375	1/31/2024	T-12	6,683,380
5	Loan	2, 4, 7, 17, 28	1	University Pointe	6/6/2029	0	0	YM1(53),O(7)	13,505,544	5,313,490	8,192,053	3/31/2024	T-12	13,360,391
6	Loan	6	3	BPW Houston Multifamily Portfolio	6/6/2029	0	0	L(24),YM1(32),O(4)	5,332,816	2,014,828	3,317,988	3/31/2024	T-12	5,187,889
6.01	Property		1	Bayou Willows					2,123,264	726,370	1,396,894	3/31/2024	T-12	2,076,511
6.02	Property		1	Weston Oaks					2,173,555	859,108	1,314,447	3/31/2024	T-12	2,107,623
6.03	Property		1	Pleasant Village					1,035,997	429,351	606,647	3/31/2024	T-12	1,003,755
7	Loan	1, 7, 9, 12, 13, 17, 19, 23, 24	1	640 5th Avenue	7/1/2029	0	0	L(24),D(29),O(7)	72,036,886	18,237,231	53,799,655	12/31/2023	T-12	67,571,078
8	Loan	2, 7, 10, 24	1	28-40 West 23rd Street	4/6/2029	3	0	L(27),D(26),O(7)	51,646,088	18,128,650	33,517,438	12/31/2023	T-12	48,016,236
9	Loan	10, 13, 27, 30	1	Country View Apartments	4/6/2029	5	0	L(11),YM1(45),O(4)	2,941,695	1,023,397	1,918,298	4/30/2024	T-12	2,868,715

Loan ID Number	Loan / Property Flag	Footnotes (for Loan and Property Information)	# of Properties	Property Name	Final Maturity Date	Grace Period - Late Fee (Days)	Grace Period - Default (Days)	Prepayment Provision	Most Recent EGI ($)	Most Recent Expenses ($)	Most Recent NOI ($)	Most Recent NOI Date	Most Recent Description	Second Most Recent EGI ($)
						10		12					16
41	Loan	2, 6	3	Griffith MHC Portfolio	6/6/2029	0	0	L(25),D(31),O(4)	1,223,093	431,272	791,821	3/31/2024	T-12	1,194,534
41.01	Property		1	Gobblers Knob					448,521	154,022	294,499	3/31/2024	T-12	437,564
41.02	Property		1	Westwood Manor					397,354	138,619	258,735	3/31/2024	T-12	393,012
41.03	Property		1	Hidden Valley					377,218	138,631	238,587	3/31/2024	T-12	363,958
42	Loan	16, 19	1	2 Palmer Terrace	6/6/2029	0	0	L(24),YM1(32),O(4)	864,739	200,044	664,695	3/31/2024	T-12	854,152
43	Loan		1	Silver Oaks Business Park	6/6/2029	0	0	L(25),D(31),O(4)	1,326,007	307,651	1,018,357	3/31/2024	T-12	1,335,382
44	Loan	10, 27	1	Extra Space Storage Chicago Heights	6/1/2029	3	3	L(25),YM1(29),O(6)	1,368,513	562,950	805,563	3/31/2024	T-12	1,362,116
45	Loan	6, 26	2	MIC St. Louis & Memphis	3/1/2029	0	0	L(28),D(26),O(6)	1,029,684	99,807	929,877	12/31/2023	T-12	917,992
45.01	Property		1	St. Louis Spruce					685,687	58,837	626,850	12/31/2023	T-12	628,726
45.02	Property		1	Memphis Poplar					343,997	40,970	303,027	12/31/2023	T-12	289,265
46	Loan	2, 6, 16	2	Anchor MHC and Tropical Circle MHC Portfolio	6/6/2029	0	0	L(25),D(30),O(5)	564,447	163,026	401,421	3/31/2024	T-12	542,608
46.01	Property		1	Anchor MHC					NAV	NAV	NAV	NAV	NAV	NAV
46.02	Property		1	Tropical Circle MHC					NAV	NAV	NAV	NAV	NAV	NAV
47	Loan		1	Cordova Court Apartments	6/6/2029	0	0	L(25),D(31),O(4)	1,185,858	705,207	480,651	3/31/2024	T-12	1,127,462
48	Loan	6	2	Otto Storage Portfolio	5/1/2029	0	0	L(26),D(28),O(6)	549,072	101,172	447,900	3/31/2024	T-12	540,464
48.01	Property		1	D Highway Storage					379,948	82,091	297,857	3/31/2024	T-12	367,843
48.02	Property		1	O Road Storage					169,124	19,081	150,043	3/31/2024	T-12	172,621
49	Loan	2, 16	1	All Purpose Storage Burlington	5/6/2029	0	0	L(26),D(30),O(4)	513,085	180,659	332,427	1/31/2024	T-12	500,659
50	Loan	2, 16, 23	1	The Riley - 880 Manhattan Avenue	6/1/2029	0	0	L(25),YM1(32),O(3)	NAV	NAV	NAV	NAV	NAV	NAV

Loan ID Number	Loan / Property Flag	Footnotes (for Loan and Property Information)	# of Properties	Property Name	Second Most Recent Expenses ($)	Second Most Recent NOI ($)	Second Most Recent NOI Date	Second Most Recent Description	Third Most Recent EGI ($)	Third Most Recent Expenses ($)	Third Most Recent NOI ($)	Third Most Recent NOI Date	Third Most Recent Description	Underwritten Economic Occupancy (%)
							16					16
1	Loan	1, 6, 7, 12, 16, 19, 23, 27, 28	20	GNL Industrial Portfolio	2,405,590	27,583,927	12/31/2022	T-12	27,940,480	1,352,135	26,588,345	12/31/2021	T-12	100.0%
1.01	Property		1	FCA USA - Detroit, MI	650,834	7,869,278	12/31/2022	T-12	7,504,173	492,597	7,011,576	12/31/2021	T-12	100.0%
1.02	Property		1	Grupo Antolin - Shelby Township, MI	46,387	3,589,064	12/31/2022	T-12	3,572,514	53,827	3,518,687	12/31/2021	T-12	100.0%
1.03	Property		1	Follett School - McHenry, IL	242,928	2,039,309	12/31/2022	T-12	2,175,499	14,055	2,161,445	12/31/2021	T-12	100.0%
1.04	Property		1	Shaw Aero - Naples, FL	199,160	1,058,932	12/31/2022	T-12	1,185,273	140,625	1,044,648	12/31/2021	T-12	100.0%
1.05	Property		1	Kuka - Sterling Heights, MI	17,198	1,150,000	12/31/2022	T-12	1,145,854	15,854	1,130,000	12/31/2021	T-12	100.0%
1.06	Property		1	ZF Active Safety - Findlay, OH	566,121	1,615,420	12/31/2022	T-12	1,613,103	30,166	1,582,937	12/31/2021	T-12	100.0%
1.07	Property		1	CF Sauer - 184 Suburban	3,421	1,112,707	12/31/2022	T-12	1,095,495	4,606	1,090,889	12/31/2021	T-12	100.0%
1.08	Property		1	CF Sauer - 728 N Main St.	7,967	1,160,859	12/31/2022	T-12	1,148,824	10,727	1,138,097	12/31/2021	T-12	100.0%
1.09	Property		1	Walgreens Boot Alliance - Pittsburgh, PA	21,962	1,020,006	12/31/2022	T-12	1,030,165	20,259	1,009,906	12/31/2021	T-12	100.0%
1.10	Property		1	Hannibal - Houston, TX	316,728	1,123,664	12/31/2022	T-12	1,418,165	316,534	1,101,631	12/31/2021	T-12	100.0%
1.11	Property		1	FedEx IV - Lexington, KY	148,531	841,974	12/31/2022	T-12	960,054	145,240	814,814	12/31/2021	T-12	100.0%
1.12	Property		1	VersaFlex - Kansas City, KS	3,486	720,000	12/31/2022	T-12	721,756	1,756	720,000	12/31/2021	T-12	100.0%
1.13	Property		1	Cott Beverage Inc - Sikeston, MO	80,797	828,595	12/31/2022	T-12	894,780	78,430	816,350	12/31/2021	T-12	100.0%
1.14	Property		1	Dunlop Protective Footwear - Havre De Grace, MD	4,435	642,087	12/31/2022	T-12	640,692	2,212	638,480	12/31/2021	T-12	100.0%
1.15	Property		1	CSTK - St. Louis, MO	87,739	902,602	12/31/2022	T-12	917,357	14,755	902,602	12/31/2021	T-12	100.0%
1.16	Property		1	CF Sauer - 39 S Park Dr.	4,901	714,375	12/31/2022	T-12	706,968	6,600	700,367	12/31/2021	T-12	100.0%
1.17	Property		1	AM Castle - Wichita, KS	0	747,440	12/31/2022	T-12	767,495	0	767,495	12/31/2021	T-12	100.0%
1.18	Property		1	CF Sauer - 9 Old Mill Road	2,581	375,987	12/31/2022	T-12	372,089	3,475	368,614	12/31/2021	T-12	100.0%
1.19	Property		1	CF Sauer - 2447 Eunice Avenue	222	43,432	12/31/2022	T-12	42,580	225	42,355	12/31/2021	T-12	100.0%
1.20	Property		1	CF Sauer - 513 West Butler Road	192	28,199	12/31/2022	T-12	27,646	195	27,452	12/31/2021	T-12	100.0%
2	Loan	2, 4, 5, 6, 16, 30	6	Champion MSU Student Housing Portfolio	NAV	NAV	NAV	NAV	NAV	NAV	NAV	NAV	NAV	95.0%
2.01	Property		1	731 Burcham Drive	NAV	NAV	NAV	NAV	NAV	NAV	NAV	NAV	NAV	NAV
2.02	Property		1	745 Burcham Drive	NAV	NAV	NAV	NAV	NAV	NAV	NAV	NAV	NAV	NAV
2.03	Property		1	635 Abbot Road	NAV	NAV	NAV	NAV	NAV	NAV	NAV	NAV	NAV	NAV
2.04	Property		1	767 Burcham Drive	NAV	NAV	NAV	NAV	NAV	NAV	NAV	NAV	NAV	NAV
2.05	Property		1	787 Burcham Drive	NAV	NAV	NAV	NAV	NAV	NAV	NAV	NAV	NAV	NAV
2.06	Property		1	129 Burcham Drive	NAV	NAV	NAV	NAV	NAV	NAV	NAV	NAV	NAV	NAV
3	Loan	1, 2, 7, 16, 27, 28	1	620 W 153rd Street	NAV	NAV	NAV	NAV	NAV	NAV	NAV	NAV	NAV	94.3%
4	Loan	23	1	1640 Sepulveda	3,222,936	3,460,444	12/31/2023	T-12	7,261,426	3,077,714	4,183,712	12/31/2022	T-12	80.9%
5	Loan	2, 4, 7, 17, 28	1	University Pointe	5,233,248	8,127,143	12/31/2023	T-12	NAV	NAV	NAV	NAV	NAV	95.0%
6	Loan	6	3	BPW Houston Multifamily Portfolio	2,022,699	3,165,190	12/31/2023	T-12	4,728,773	1,999,074	2,729,698	12/31/2022	T-12	91.0%
6.01	Property		1	Bayou Willows	746,036	1,330,475	12/31/2023	T-12	1,729,358	756,619	972,739	12/31/2022	T-12	93.7%
6.02	Property		1	Weston Oaks	864,662	1,242,960	12/31/2023	T-12	1,942,116	870,175	1,071,942	12/31/2022	T-12	89.0%
6.03	Property		1	Pleasant Village	412,001	591,754	12/31/2023	T-12	1,057,298	372,280	685,018	12/31/2022	T-12	90.1%
7	Loan	1, 7, 9, 12, 13, 17, 19, 23, 24	1	640 5th Avenue	19,799,244	47,771,835	12/31/2022	T-12	66,651,606	17,827,438	48,824,168	12/31/2021	T-12	100.0%
8	Loan	2, 7, 10, 24	1	28-40 West 23rd Street	17,307,963	30,708,273	12/31/2022	T-12	46,966,435	15,927,879	31,038,555	12/31/2021	T-12	74.9%
9	Loan	10, 13, 27, 30	1	Country View Apartments	983,424	1,885,291	12/31/2023	T-12	2,690,923	905,136	1,785,787	12/31/2022	T-9 Ann.	89.3%

Loan ID Number	Loan / Property Flag	Footnotes (for Loan and Property Information)	# of Properties	Property Name	Second Most Recent Expenses ($)	Second Most Recent NOI ($)	Second Most Recent NOI Date	Second Most Recent Description	Third Most Recent EGI ($)	Third Most Recent Expenses ($)	Third Most Recent NOI ($)	Third Most Recent NOI Date	Third Most Recent Description	Underwritten Economic Occupancy (%)
							16					16
41	Loan	2, 6	3	Griffith MHC Portfolio	417,324	777,210	12/31/2023	T-12	1,118,833	390,427	728,406	12/31/2022	T-12	95.6%
41.01	Property		1	Gobblers Knob	145,259	292,305	12/31/2023	T-12	412,118	144,585	267,533	12/31/2022	T-12	97.0%
41.02	Property		1	Westwood Manor	138,209	254,803	12/31/2023	T-12	400,609	152,948	247,661	12/31/2022	T-12	97.0%
41.03	Property		1	Hidden Valley	133,856	230,102	12/31/2023	T-12	306,106	92,894	213,212	12/31/2022	T-12	92.8%
42	Loan	16, 19	1	2 Palmer Terrace	222,152	632,000	12/31/2023	T-12	823,784	175,645	648,139	12/31/2022	T-12	95.0%
43	Loan		1	Silver Oaks Business Park	309,209	1,026,173	12/31/2023	T-12	1,178,091	294,921	883,170	12/31/2022	T-12	95.0%
44	Loan	10, 27	1	Extra Space Storage Chicago Heights	560,871	801,245	12/31/2023	T-12	1,307,238	557,903	749,335	12/31/2022	T-12	90.0%
45	Loan	6, 26	2	MIC St. Louis & Memphis	124,783	793,208	12/31/2022	T-12	633,905	114,602	519,303	12/31/2021	T-12	100.0%
45.01	Property		1	St. Louis Spruce	80,051	548,675	12/31/2022	T-12	352,318	75,364	276,953	12/31/2021	T-12	100.0%
45.02	Property		1	Memphis Poplar	44,732	244,533	12/31/2022	T-12	281,587	39,238	242,350	12/31/2021	T-12	100.0%
46	Loan	2, 6, 16	2	Anchor MHC and Tropical Circle MHC Portfolio	162,948	379,660	12/31/2023	T-12	384,522	151,870	232,652	12/31/2022	T-12	95.0%
46.01	Property		1	Anchor MHC	NAV	NAV	NAV	NAV	NAV	NAV	NAV	NAV	NAV	NAV
46.02	Property		1	Tropical Circle MHC	NAV	NAV	NAV	NAV	NAV	NAV	NAV	NAV	NAV	NAV
47	Loan		1	Cordova Court Apartments	695,712	431,749	12/31/2023	T-12	953,242	603,163	350,079	12/31/2022	T-12	84.2%
48	Loan	6	2	Otto Storage Portfolio	153,005	387,459	12/31/2023	T-12	559,040	146,917	412,123	12/31/2022	T-12	85.2%
48.01	Property		1	D Highway Storage	108,604	259,239	12/31/2023	T-12	381,793	102,283	279,510	12/31/2022	T-12	84.5%
48.02	Property		1	O Road Storage	44,401	128,220	12/31/2023	T-12	177,247	44,634	132,613	12/31/2022	T-12	87.0%
49	Loan	2, 16	1	All Purpose Storage Burlington	175,011	325,649	12/31/2023	T-12	433,893	271,809	162,084	12/31/2022	T-12	97.3%
50	Loan	2, 16, 23	1	The Riley - 880 Manhattan Avenue	NAV	NAV	NAV	NAV	NAV	NAV	NAV	NAV	NAV	92.3%


	is subject of such partial release. With respect to Loan No. 1, GNL Industrial Portfolio, during a cash sweep period, the borrowers are required to deposit into a reserve for tenant improvements and leasing commissions, on a monthly basis, an amount equal to 1/12th of $0.25 multiplied by the total number of rentable square feet. In the event of a partial release, the monthly deposit will be reduced by an amount equal to 1/12th of the product obtained by multiplying $0.25 by the total number of rentable square feet of the individual mortgaged property that is subject of such partial release. With respect to Loan No. 7, 640 5th Avenue, during a trigger period, the borrower is required to deposit into a reserve for capital expenditures, on a monthly basis, approximately $8,134 for the payment or reimbursement of approved capital expenses. Such monthly deposits will not be required during such time that the balance of the capital expense reserve exceeds approximately $195,217. With respect to Loan No. 13, Crescent Center, if the balance in the Simmons Bank free rent reserve is less than $475,750 on October 1, 2025, then the borrower is required to deposit the amount necessary to cause the balance of funds in the reserve account to equal $475,750. With respect to Loan No. 14, ASC Business Park, if Mid-Atlantic Patient Accounts Center (“MACPAC”), or a replacement tenant leasing MACPAC’s premises at the mortgaged property, elects to downsize the amount of space it leases at the mortgaged property and the DSCR is less than 1.35x (an “Anchor Tenant Premises Reduction Trigger Event”), then the borrower is required to deposit an amount equal to (i) the annual rent payable pursuant to such anchor tenant’s lease immediately prior to the occurrence of an Anchor Tenant Premises Reduction Trigger Event less (ii) the annual rent payable pursuant to such anchor tenant’s lease following the occurrence of an Anchor Tenant Premises Reduction Trigger Event, as determined by the lender, and will be required to make such deposit on an annual basis thereafter until the DSCR is greater than 1.40x. With respect to Loan No. 14, ASC Business Park, on each monthly payment date during the occurrence of certain events with respect to MACPAC, or a replacement tenant leasing MACPAC’s premises at the mortgaged property, and inclusive of the period in which a cure is undertaken, in accordance with the mortgage loan documents, the borrower is required to deposit either (i) an amount equal to the excess cash flow generated by the mortgaged property for the immediately preceding interest accrual period or (ii) to the extent the borrower has so elected, a monthly deposit amount of $79,000. With respect to Loan No. 18, Kenwood Towne Centre, during the continuance of a reserve trigger period or cash management period, on each monthly payment date thereafter, the borrower is required to escrow approximately $21,524 for monthly replacement reserves. With respect to Loan No. 18, Kenwood Towne Centre, during the continuance of an anchor trigger event, on each monthly payment date, the borrower is required to escrow an amount equal to the anchor reserve monthly deposit for tenant improvements and leasing commissions, construction costs, required landlord work and other related costs associated with re-tenanting the applicable space or any other space at the mortgaged property.

	With respect to Loan No. 18, Kenwood Towne Centre, during the continuance of a reserve trigger period or cash management period, the borrower is required to deposit, on a monthly basis, (A) 1/12th of the taxes and (B) 1/12th of the insurance premiums that the lender reasonably estimates will be payable during the next ensuing 12 months. With respect to the insurance reserve deposits, the lender will waive the requirements for insurance deposits if the borrower maintains insurance pursuant to a blanket policy and premiums have been paid for one year in advance or through the term of coverage if less than one year. All funds remaining in the tax and insurance escrow fund will be returned to the borrower upon the earliest to occur of (i) payment in full of the debt, (ii) a defeasance event or (iii) the termination of a reserve


	management period or cash management period (provided no event of default has occurred and is continuing). With respect to Loan No. 21, 48 E 57th Street, taxes and other charges will not be applicable, until and unless (i) the jeweler tenant’s failure to pay before delinquency any taxes and other charges, (ii) the lender having to receive from the borrower evidence of the payment of any taxes and other charges before delinquency or (iii) the event of default. With respect to Loan No. 24, Town & Country Plaza, during the continuance of a Significant Tenant Trigger Period (as defined in the mortgage loan documents), the borrower is required to deposit all excess cash flow to be held by the lender in a reserve account for the re-tenanting costs incurred with re-tenanting the related significant tenant space. With respect to Loan No. 27, The Pointe & Oak Shadows, on a monthly basis through and including the payment date in May 2026, the borrowers are required to escrow $29,167 for replacement reserves ($500 per unit annually). Commencing on the payment date in June 2026, the borrowers are required to escrow $14,583 each month for replacement reserve ($250 per unit annually). With respect to Loan No. 28, 55 Pharr, on each monthly payment date during any period, beginning on the last day of any quarter where the DSCR is less than 1.10x and ending on the last day of any quarter thereafter in which the DSCR is at least 1.15x for two consecutive quarters (a “Low DSCR Period”), which would otherwise (if such deposit had not been made) have been a Low DSCR Period, the borrower is required to deposit $9,200 into a low DSCR avoidance reserve. In lieu of a monthly deposit, the borrower is permitted to instead provide the lender with a letter of credit in an amount equal to $110,400 once every 12th payment date during a period of time that would have otherwise (if such deposit had not been made) have been a Low DSCR Period. With respect to Loan No. 28, 55 Pharr, on each monthly payment date, the borrower is required to deposit 1/12th of the condominium charges that the lender estimates will be payable during the next ensuing 12 months in order to accumulate with the lender sufficient funds to pay all such condominium charges at least 30 days prior to their respective due dates. Notwithstanding the foregoing, the borrower will not be obligated to deposit with the lender such deposit for the monthly condominium charges so long as (x) no event of default is continuing and (y) the borrower has timely paid all condominium charges on or before the time such are due, provided that the borrower has provided evidence thereof reasonably acceptable to the lender. With respect to Loan No. 39, Griffin Capital Plaza, on each payment date that the balance of the rollover reserve subaccount is less than $163,194, the borrower will be required to deposit an amount initially equal to 1/12th of the product obtained by multiplying $1.20 by the aggregate number of rentable square feet of space at the mortgaged property (initially $2,719.80 per month) into the rollover reserve subaccount.
	With respect to Loan No. 39, Griffin Capital Plaza, the borrower is not required to make monthly deposits into the tax and insurance subaccount for insurance premiums associated with any insurance coverage carried under a blanket insurance policy pursuant to the Griffin Capital Plaza mortgage loan documents so long as (i) no event of default has occurred and is continuing and (ii) the borrower provides the lender timely evidence of payment of all such insurance premiums. With respect to Loan No. 42, 2 Palmer Terrace, during the continuance of a Major Tenant Event Period (as defined in the mortgage loan documents), the borrower is required to deposit $18,280 monthly to be held by the lender in a reserve account for the re-tenanting costs incurred with re-tenanting the related major tenant space.


(20)	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. 11, Bedrock Mixed-Use Portfolio, the borrower is required to deposit for replacement reserves on a monthly basis an amount equal to the lesser of (x) $75,000 and (y) the difference between the amount then on deposit in the rollover reserve account and $3,000,000. With respect to Loan No. 14, ASC Business Park, the borrower is required to deposit $2,083.33 into an environmental remediation reserve on a monthly basis. Provided that no event of default is continuing, the borrower is not required to make the monthly deposit with the lender so long as the balance of environmental remediation reserve funds on deposit is equal to or greater than $125,000. With respect to Loan No. 14, ASC Business Park, the rollover reserve account is subject to a monthly cap of $297,000. The upfront rollover deposit of $500,000 does not apply towards the capped amount. With respect to Loan No. 18, Kenwood Towne Centre, during the continuance of a reserve trigger period or cash management period, the borrower is required to deposit with the lender on each monthly payment date an amount equal to $21,524 for replacement reserves. In the event the replacement reserve funds balance is equal to or greater than $516,571 (the “Reserve Cap”), the borrower will not be required to pay to the lender the replacement reserve monthly deposit; provided, however, that upon such time as the balance of funds then contained in the replacement reserve has been reduced to an amount less than the Reserve Cap, the borrower will be required to recommence paying to the lender the replacement reserve monthly deposit until such time as the replacement reserve funds balance is equal to or greater than the Reserve Cap. With respect to Loan No. 18, Kenwood Towne Centre, the borrower is required to deposit monthly into the TI/LC reserve account an amount equal to $129,142.63 if the balance of the TI/LC reserve account is less than $3,099,423, until the amounts on deposit in the TI/LC reserve account are equal to or exceed $3,099,423. The upfront existing TI/LC amount of $3,732,395 does not apply towards the capped amount. With respect to Loan No. 24, Town & Country Plaza, on a monthly basis, the borrower is required to escrow $9,716 for tenant improvements and leasing conditions. The reserve is subject to a cap of $500,000. The ongoing TI/LC reserve is currently suspended. With respect to Loan No. 30, 152 Geary Street, on a monthly basis, the borrower is required to escrow $95.83 for replacement reserves. The reserve is subject to a cap of $2,875. The ongoing replacement reserve is currently suspended.

(21)	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. 14, ASC Business Park, the Fourth Largest Tenant, Uplifting Deals, leases 35,242 square feet that expires on July 31, 2029, and 6,599 square feet that expires on January 31, 2025. With respect to Loan No. 19, Wateridge, the Largest Tenant, Crystal Stairs, leases 101,938 square feet of office space that expires on April 15, 2030, and 7,948 square feet of office space that expires on October 31, 2024.

(22)	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.


	With respect to Loan No. 20, 1099 New York Avenue, the Largest Tenant, Jenner & Block, LLP, has a one-time option to terminate (x) its entire lease or (y) one full floor of the premise, effective as of June 1, 2031, provided that the tenant (i) gives the landlord 18 months prior written notice, (ii) is not in default, beyond all grace, notice and cure periods at the time of the giving of such notice or on June 1, 2031 and (iii) makes payment of a termination fee of approximately $8.6 million. If the tenant elects only to terminate as to one full floor, the termination fee will be pro-rated to reflect the costs associated with the floor being terminated. With respect to Loan No. 20, 1099 New York Avenue, the Second Largest Tenant, Medialinks TV, LLC, has a one-time option to terminate the lease, effective as of March 31, 2028, provided that the tenant (i) gives the landlord 18 months prior written notice, (ii) is not in default, beyond all grace, notice and cure periods at the time of the giving of such notice or on March 31, 2028 and (iii) makes payment of a termination fee of approximately $6.9 million. With respect to Loan No. 20, 1099 New York Avenue, the Fourth Largest Tenant, Bruch Law Group PLLC, has the option to terminate the lease, effective as of December 31, 2026, provided that the tenant (i) gives the landlord notice on or prior to October 31, 2025 and (ii) makes payment of a termination fee on or before December 31, 2026 pursuant to the related leases. With respect to Loan No. 22, Hooksett Village, the Fifth Largest tenant, American Freight, has a one-time right to terminate its lease, effective 90 days after written notice, if the tenant’s gross sales between August 31, 2027 and July 31, 2028, are less than $2,500,000. With respect to Loan No. 50, The Riley – 880 Manhattan Avenue, the Largest tenant, Ivy Physical Therapy, has the right to terminate its lease at any time following July 1, 2028 upon no less than three months’ written notice.

(24)	With respect to Loan No. 7, 640 5th Avenue, the non-recourse carveout guarantor’s recourse obligations with respect to bankruptcy or insolvency related events is capped at 25% of the outstanding principal balance of the 640 5th Avenue Whole Loan, plus the lender’s enforcement costs under the guaranty (including, reasonable attorneys’ fees). Additionally, recourse for losses relating to a transfer of the related mortgaged property or interests in the borrower is limited to voluntary transfers of all or any material portion of the such mortgaged property (or any direct or indirect interest therein) or any direct or indirect interest in the borrower that results in the borrower ceasing to be controlled, directly or indirectly, by either (i) Vornado Realty L.P., (ii) Vornado Realty Trust, (iii) Crown Jewel Partners LLC and/or (iv)(a) a person that has a net worth (exclusive of the value of the mortgaged property and any liabilities associated therewith), determined as of a date no more than six months prior to the date of the relevant transfer, of at least $400,000,000, or (b) is a person in which more than 20% of the ownership interests are owned directly or indirectly by, and is controlled by, any one or more persons described in the forgoing clause (iv)(a), in either case, in violation of the 640 5th Avenue Whole Loan documents. With respect to Loan No. 8, 28-40 West 23rd Street, there is no non-recourse carveout guarantor or environmental indemnitor separate from the borrower. The borrower is the sole party responsible for any breaches of the non-recourse carveout provisions under the 28-40 West 23rd Street Whole Loan documents and any liabilities incurred under the environmental indemnity agreement as applicable. With respect to Loan No. 12, Syngenta Woodland, two of the three non-recourse carveout guarantors, Blue Owl Real Estate Fund VI LP and Blue Owl Real Estate Fund VI (A) LP are closed-end investment funds, each of which has a term of seven years, terminating on December 31, 2029, with the option to extend for two additional years. With respect to Loan No. 19, Wateridge, there is no non-recourse carveout guarantor or environmental indemnitor separate from the borrower. The borrower is the sole party responsible for any breaches of the


	non-recourse carveout provisions under the Wateridge Whole Loan documents and any liabilities incurred under the environmental indemnity agreement as applicable. With respect to Loan No. 34, Stor-More-Laredo Self Storage, the guarantor, Palatine Real Estate Fund III, LP (the “Stor-More Guarantor”), is an investment fund that is scheduled to terminate in June 2028 (the “Expiration Date”). However, extension options exist that could potentially push the Expiration Date to 2030. Under the mortgage loan documents, the Stor-More Guarantor must maintain a net worth of at least $10,350,000 and possess liquid assets of $1,035,000 (the “Guarantor Financial Tests”). Pursuant to the mortgage loan documents, the borrower is required to replace the Stor-More Guarantor with a replacement guarantor that meets the Guarantor Financial Tests (unless the fund is extended beyond the term of the related mortgage moan). Moreover, pursuant to the mortgage loan documents, the borrower will be in immediate default if, on the Expiration Date, it fails to satisfy the replacement guarantor conditions in the mortgage loan documents.

(25)	Each letter identifies a group of related borrowers.

(26)	The classification of the lockbox types is described in the preliminary prospectus. See “Description of the Mortgage Pool—Certain Calculations and Definitions” and “—Definitions” in the preliminary prospectus for further details. With respect to Loan No. 45, MIC St. Louis & Memphis, the mortgage loan is structured such that the lockbox and cash management account are combined into one account represented by the cash management account. There are currently no leases in place at the mortgaged properties, and operations are instead governed by management agreements. So long as there are no leases in place, the cash management structure mimics a soft lockbox and in-place cash management where the borrower or manager are required to deposit, within one business day of receipt, all revenue into the cash management account. If leases are executed at any time, the borrower is required to deliver tenant direction letters to all tenants to deliver rents directly to the cash management account.

(27)	With respect to Loan No. 1, GNL Industrial Portfolio, The CSTK - St. Louis, MO mortgaged property is subject to tax increment financing (“TIF”) in which the City of St. Louis, Missouri issued bonds and reimbursed the prior owner for costs expended to develop the related mortgaged property before the related borrower acquired it in 2020. The city services those bond payments through tax increment and payment in lieu of taxes (“PILOT”) payments collected from the borrower. The TIF structure does not create any additional or ongoing obligations on the part of the related borrower or the related mortgaged property (other than the PILOT payments). The related borrower is required to make PILOT payments when they become due, and the PILOT program terminates on January 30, 2037. The PILOT payments are equal to the real property taxes that would have been charged had the TIF structure not been in place. The lender underwrote the PILOT amount, which does not vary over the term. With respect to Loan No. 3, 620 W 153rd Street, the mortgaged property is subject to a 35-year 421-a tax abatement under the New York City Department of Housing Preservation and Development 421-a tax abatement program that commenced in 2024. In connection with the 421-a tax abatement, the borrower is required to reserve at least 30% (72 units) of the units at the mortgaged property for tenants earning no more than 130% of the area median income, subject to certain rental restrictions. The 421-a tax abatement provides a (i) 100% tax exemption for the first 25 years through 2049 and (ii) 30.25% tax exemption for years 26 through 35, with full taxes commencing at the end of the 35th applicable tax year. The full unabated estimated taxes for the 2024/2025 tax year are $2,646,025 compared to the underwritten abated taxes of $81,474. With respect to Loan No. 9, Country View Apartments, the mortgaged loan is subject to a 10-year payment in lieu of taxes (the “PILOT”) program, which commenced on July 30, 2018 and terminates during the loan term on July 30, 2028. During the PILOT term, the tax assessed value of the Country View Apartments


	property is “frozen” at $1,028,480 and the PILOT payments are payable in lieu of real estate taxes in an amount equal to the current millage rates of Shelby County and the City of Memphis multiplied by one-half of the “frozen” assessed value. The mortgage loan is recourse for any losses arising from a breach of the PILOT documents and is full recourse if the PILOT documents are amended, modified or terminated without the lender’s prior written consent. With respect to Loan No. 11, Bedrock Mixed-Use Portfolio, the 28 Grand Apartments mortgaged property benefits from a Neighborhood Enterprise Zone tax abatement. The lender underwrote 2024 abated taxes of $167,593. According to the appraisal, 2024 unabated taxes would be $576,446. The appraisal estimated the net present value of the tax abatement to be $3,321,225. The tax abatement expires in 2032 and decreases pursuant to a specified formula during the last three years of the abatement. With respect to Loan No. 15, Philadelphia Multifamily Portfolio, the 2101-2111 North Fairhill Street and 2215 North 7th Street mortgaged properties currently each have 10-year tax abatements in place. 10-year tax abatements are currently pending approval for the 719, 723-727 North 35th Street and 2105 Germantown Avenue mortgaged properties. An upfront tax abatement reserve of $108,618, representing the difference between the abated tax and unabated taxes for the two mortgaged properties pending approval, was held back at origination. With respect to Loan No. 23, 637 E 223rd Street, the mortgaged property has qualified for a 421a tax exemption under the Affordable New York program. By virtue of the approved 35-year 421a exemption, at least 30% of units must be designated as rent stabilized, affordable units and leased to tenants earning not more than 130% of the area median income. The mortgaged property provides 43 units designated as affordable. The real estate taxes for the mortgage loan were underwritten to the 2024 tax liability.

	With respect to Loan No. 26, 2460 White Plains Road & 708 Mace Avenue, the 2460 White Plains Road portion of the mortgaged property is expected to benefit from a 35-year 421-a tax abatement from the NYC Department of Housing Preservation & Development, and is required to reserve at least 30% of the units for households earning up to 130% of area median income under affordable housing guidelines. The 421-a tax abatement phases out in 2058/2059. The borrower has opted to reserve 96.88% (31 units) of the units at the 2460 White Plains Road portion of the mortgaged property for tenants earning no more than 130% of the area median income. The 421-a tax abatement is expected to provide a (i) 100% tax exemption for the first 25 years and (ii) 96.88% tax exemption for years 26 through 35, with full taxes commencing at the end of the 35th applicable tax year. The 421-a tax abatement is pending approval and the abatement period has not yet started. The full unabated estimated taxes for the 2024/2025 tax year are $178,525 compared to the underwritten taxes of $6,696, which is the sum of the underwritten abated taxes for the 2460 White Plains Road portion of the mortgaged property and the underwritten unabated taxes for the 708 Mace Avenue portion of the mortgaged property. With respect to Loan No. 35, Centurion Union Phase III, the mortgaged property benefits from a 30-year PILOT program with the Township of Union. The annual payment due under the PILOT program, which commenced on January 31, 2024, is based on the annual gross revenue of the mortgaged property, such that: (i) the payment for the first 15 years equals 10% of the annual gross revenue; (ii) the payment for years 16 through 21 equals the greater of 11% of the annual gross revenue or 20% of the taxes that would otherwise be due on the value of the land and improvements; (iii) the payment for years 22 through 27 equals the greater of 11% of the annual gross revenue or 40% of the taxes that would otherwise be due on the value of the market rate units; (iv) the payment for years 28 through 29 equals the greater of 11% of the annual gross revenue or 60% of the taxes that would otherwise be due on the value of the land and improvements; and (v) the payment for year 30 equals the greater of 11% of the annual gross revenue of the market rate units or 80% of the taxes that would otherwise be due on the value of the land and improvements. In addition, such annual payment will include an annual fee equal to 2% of such payment. The full unabated taxes for the 2024-2025 tax year are projected by the appraiser to be $184,923 compared to the underwritten abated taxes of $103,816.


	With respect to Loan No. 44, Extra Space Storage Chicago Heights, the mortgaged property is subject to a tax incentive program subsidized by Cook County. The incentive allows for qualifying real estate to be assessed at a reduced level for a twelve-year period. For the first 10 years the assessment level is 10%, increasing to 15% in year 11, increasing to 20% in year 12 and returning to the standard 25% thereafter. The tax incentive was recently renewed in 2023 and is again renewable in year 10. Real estate taxes were underwritten based on the appraisal real estate taxes for the 2024-2025 tax year, which give effect to the tax incentive.

(28)	With respect to Loan No. 1, GNL Industrial Portfolio, the CF Sauer – 184 Suburban, CF Sauer – 9 Old Mill Road, CF Sauer – 2447 Eunice Avenue, CF Sauer – 39 S Park Dr. and CF Sauer – 513 West Butler Road mortgaged properties are subject to a master lease between ARG CFSRSLB001, LLC, as lessor, and Sauer Brands, Inc., as lessee. With respect to Loan No. 3, 620 W 153rd Street , the borrowers, as landlord, and 180 E 125th Realty LLC, an affiliate of the borrower sponsor, as tenant, have entered into a master lease agreement, dated as of March 28, 2024, for nine vacant market rate units, for a term commencing on April 1, 2024, and continuing through and including the maturity date, at a rental rate equal to $42,000 per month. The master lease rent was included in the calculation of the underwritten net cash flow. With respect to Loan No. 5, University Pointe, the mortgaged property is subject to a master lease for 100 units containing 380 beds (43.3% of beds and 41.3% of underwritten base rent) dated May 18, 2020, between Broward Student Housing, LLC, a co-borrower as lessor, and Nova Southeastern University, Inc. (“NSU”), as lessee, which expires on July 31, 2027. The NSU lease permits the units at the mortgaged property to be terminated as follows: (i) up to 10 units in any year of the master lease term, upon three months’ notice and payment of 30 days’ rent per bed in the terminated unit plus a termination fee of $500 per unit, and (ii) any additional units in such year of the master lease term upon 18 months’ notice. The mortgaged property is also subject to a master lease for 16 units containing 64 beds (7.3% of beds and 7.0% of underwritten base rent) dated July 16, 2021, between Broward Student Housing, LLC, a co-borrower as lessor, and Carnival Cruise Line (“Carnival”), as lessee, which expires on July 31, 2027. The Carnival lease permits Carnival to terminate its lease as follows: (i) prior to August 1, 2025, up to five units may be terminated upon payment of four months’ rent, and six or more units may be terminated only upon full payment of the master lease, (ii) on and after August 1, 2025, up to five units may be terminated upon nine months’ notice with no termination fee, and six or more units may be terminated upon nine months’ notice with a termination fee equal to one-half month of rent, and (iii) after January 1, 2026, up to 12 units may be terminated upon nine months’ notice with a termination fee equal to one-half month of rent, and any additional units may be terminated upon 12 months’ notice with a termination fee equal to one and one-half month of rent. With respect to Loan No. 17, Lofts at Dallas Mill, the mortgaged property is subject to a master lease dated as of July 18, 2023, between the borrower, Dallas Mills Owner, LLC, as lessor, and Alabama Agricultural and Mechanical University, as lessee. The master lease requires the borrower to reserve 57 units (38.5% of total units and 46.3% of underwritten base rent) for a term of three years, which expires on July 18, 2026. Accordingly, such portion of the mortgaged property is operated as student housing. With respect to Loan No. 26, 2460 White Plains Road & 708 Mace Avenue, the borrower sponsor entered into a master lease with the borrower for the three vacant units at the mortgaged property. With respect to Loan No. 35, Centurion Union Phase III, the borrower sponsor entered into a master lease with the borrower for the one vacant commercial unit at the mortgaged property. With respect to Loan No. 39, Griffin Capital Plaza, the mortgaged property is subject to two, 15-year master leases for 100% of building A (13,620 square feet) and the collateral portions of building B (13,578 square


	feet), respectively, between GCPI, LLC, as lessor, and Griffin Capital Company, LLC, an affiliate of the borrower sponsor, as lessee.

(29)	Intentionally left blank.

(30)	With respect to Loan No. 2, Champion MSU Student Housing Portfolio, as of the origination date, the portfolio was 70.6% pre-leased for the 2024-25 school year. The borrower may obtain the release of all of the $2,400,000 holdback reserve funds upon the mortgaged properties, in the aggregate, achieving either (i) total gross rents, calculated as specified in the mortgage loan documents and, including rents for both the existing school year, to the extent the applicable space is not pre-leased, and as pre-leased for the upcoming school year, that are at least equal to $5,526,890 or (ii) an underwritten net cash flow debt yield, calculated as specified in the mortgage loan documents, of at least 8.85%. If the borrower does not meet the conditions for release of all of the holdback reserve funds, it may obtain a one-time partial release of a portion of such funds based on the proportionate extent to which the total gross rents at the mortgaged properties, in the aggregate, and calculated as described above, have achieved a portion of the increase over the origination date total gross rents that is needed for a full release. If a partial release is obtained, the remaining holdback reserve funds may be released only upon the mortgaged properties, in the aggregate, achieving an underwritten net cash flow debt yield, calculated as specified in the mortgage loan documents, of at least 8.85%. With respect to Loan No. 2, Champion MSU Student Housing Portfolio, a low DSCR trigger period is not tested for until June 30, 2025. With respect to Loan No. 9, Country View Apartments, in connection with a 10-year payment in lieu of taxes (“PILOT”) agreement, the borrowers temporarily transferred fee ownership in the mortgaged property to the Health, Educational and Housing Facility Board of the City of Memphis. At the termination of the PILOT agreement, fee ownership will revert to the borrowers. With respect to Loan No. 11, Bedrock Mixed-Use Portfolio, the Cutoff Balance/Unit and Maturity Balance per Unit represent the total loan amount divided by the 853,067 square feet of commercial space and do not include the multifamily units at the 28 Grand Apartments mortgaged property, The Ferguson Apartments mortgaged property or the Fourteen56 Apartments mortgaged property. With respect to Loan No. 11, Bedrock Mixed-Use Portfolio, the 28 Grand Apartments mortgaged property and the Lofts of Merchant Row mortgaged property are subject to a condominium regime. The 28 Grand Apartments mortgaged property is part of a condominium comprised of (i) a commercial unit, (ii) an affordable unit, (iii) a market unit and (iv) a rooftop unit, and the related borrower owns all units except the affordable unit. The Lofts of Merchant Row mortgaged property is part of a condominium comprised of six units, of which the related borrower owns two units. With respect to Loan No. 12, Syngenta Woodland, the borrower executed a sale-leaseback transaction with Syngenta Seeds LLC, the sole tenant, whereby the borrower acquired the mortgaged property from the tenant and executed a 20-year absolute net lease which includes annual escalations equal to 125% of annual CPI growth, with a floor of 100% and a cap of 104% of the preceding year’s base rent. With respect to Loan No. 28, 55 Pharr, the mortgaged property is part of the 55 Pharr Road Condominium. The condominium is comprised of 126 residential units, of which the borrower owns 123 residential units. With respect to Loan No. 28, 55 Pharr, the borrower has the right to acquire non-owned units (“Non-Owned Unit Acquisition”), A312, C101 and D202, subject to satisfaction of certain conditions set forth in the 55 Pharr mortgage loan documents, including that: (i) no event of default has occurred, (ii) the borrower delivers to the lender written notice at least 10 days prior to such Non-Owned Unit Acquisition, which


	identifies the non-owned units being acquired and (iii) the borrower does not permit the non-owned units to be acquired by an affiliate of the borrower.

	With respect to Loan No. 39, Griffin Capital Plaza, the mortgaged property is subject to a master condominium regime comprised of two buildings known as Building A and Building B and a sub-condominium regime comprised of Building B only. The borrower controls the related condominium regimes. Building A (13,620 square feet) is master leased to Griffin Capital Company, LLC, an affiliate of the borrower sponsor, and subleased to another affiliate, Peakstone Realty Trust, through 2026. Building B (17,873 square feet) contains three office suites, two of which (collectively, 13,578 square feet) are part of the mortgaged property and master leased by the borrower to Griffin Capital Company, LLC. The third suite (4,295 square feet) is not part of the mortgaged property and is occupied by Digital Capital Media.