WFCM 2024-5C1 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. 333-257991) 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 1-800-745-2063 (8 a.m. – 5 p.m. EST) or by emailing wfs.cmbs@wellsfargo.com.

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herein is preliminary as of the date hereof, supersedes any such information previously delivered to you and will be superseded by any such information subsequently delivered and ultimately by the final prospectus relating to the securities.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.

This free writing prospectus has been prepared by the underwriters for information purposes only and does not constitute, in whole or in part, a prospectus for the purposes of (i) Regulation (EU) 2017/1129 (as amended), (ii) such Regulation as it forms part of UK domestic law, or (iii) Part VI of the UK Financial Services and Markets Act 2000, as amended; and does not constitute an offering document for any other purpose.

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 Wells Fargo Securities, LLC, Goldman Sachs & Co. LLC, Citigroup Global Markets Inc., UBS Securities LLC, Academy Securities, Inc., Drexel Hamilton, LLC, Siebert Williams Shank & Co., 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.

Wells Fargo Securities is the trade name for the capital markets and investment banking services of Wells Fargo & Company and its subsidiaries, including but not limited to Wells Fargo Securities, LLC, a member of NYSE, FINRA, NFA and SIPC, Wells Fargo Prime Services, LLC, a member of FINRA, NFA and SIPC, and Wells Fargo Bank, N.A. Wells Fargo Securities, LLC and Wells Fargo Prime Services, LLC are distinct entities from affiliated banks and thrifts.

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	General Property Type	Detailed Property Type	Year Built	Year Renovated	Number of Units	Unit of Measure	Loan Per Unit ($)	Original Balance ($)
1.00	Loan	5	1	9950 Woodloch	Office	Suburban	2014	NAP	601,151	SF	216.25	73,000,000
2.00	Loan		3	Falls Houston Multifamily Portfolio	Multifamily	Garden	Various	Various	942	Units	68,471.34	64,500,000
2.01	Property		1	Miami Gardens Apartments	Multifamily	Garden	1970	2011	442	Units		30,535,036
2.02	Property		1	Falls Of Braeburn	Multifamily	Garden	1977	2018	292	Units		18,226,279
2.03	Property		1	Chelsea Lane Apartments	Multifamily	Garden	1974	2019	208	Units		15,738,685
3.00	Loan	6, 7, 8, 9, 10, 11, 12, 13, 14	1	640 5th Avenue	Mixed Use	Office/Retail	1949	2003	314,533	SF	953.79	50,400,000
4.00	Loan	15, 16, 17, 18, 19, 20	2	Lotus 315 & Essence 144	Multifamily	Various	Various	NAP	336	Units	256,250.00	50,000,000
4.01	Property		1	Lotus 315	Multifamily	Mid Rise	2019	NAP	180	Units		29,529,617
4.02	Property		1	Essence 144	Multifamily	High Rise	2017	NAP	156	Units		20,470,383
5.00	Loan		1	The Archive Apartments	Multifamily	Mid Rise	2021	NAP	200	Units	239,250.00	47,850,000
6.00	Loan	21, 22, 23	1	3060 Olympic	Multifamily	Mid Rise	2018	NAP	226	Units	201,327.43	45,500,000
7.00	Loan		8	ExchangeRight 67	Various	Various	Various	Various	369,844	SF	90.64	33,522,953
7.01	Property		1	FedEx Ground – Moselle, MS	Industrial	Warehouse	2022	NAP	217,237	SF		15,621,439
7.02	Property		1	Metro Market (Grocery) – Mukwonago, WI	Retail	Single Tenant	1990	2018	63,303	SF		5,659,264
7.03	Property		1	BJC Health Care – Godfrey, IL	Office	Medical	2023	NAP	14,419	SF		3,461,037
7.04	Property		1	Tractor Supply – New Richmond, WI	Retail	Single Tenant	2023	NAP	26,738	SF		2,853,017
7.05	Property		1	Tractor Supply – Canal Fulton, OH	Retail	Single Tenant	2022	NAP	21,930	SF		2,432,080
7.06	Property		1	Bank of America – Mount Prospect, IL	Retail	Single Tenant	1987	NAP	5,717	SF		1,777,290
7.07	Property		1	Family Dollar / Dollar Tree Combo – Roswell, NM	Retail	Single Tenant	2024	NAP	10,500	SF		865,259
7.08	Property		1	Dollar Tree – Gulfport, MS	Retail	Single Tenant	2024	NAP	10,000	SF		853,567
8.00	Loan	24, 25	1	132 West 36th Street	Office	CBD	1922	2015	195,054	SF	165.34	32,250,000
9.00	Loan		1	Solon Park Apartments	Multifamily	Garden	1964, 1967, 1972	2023	240	Units	116,666.67	28,000,000
10.00	Loan	26	1	Marriott Hartford Windsor Airport	Hospitality	Full Service	2002	2018, 2020	302	Rooms	89,403.97	27,000,000
11.00	Loan	27, 28	1	Cummins Station	Office	CBD	1910	2017	410,740	SF	328.68	25,000,000
12.00	Loan	29, 30	1	Hyatt Place Pittsburgh North Shore	Hospitality	Select Service	2010	2018	178	Rooms	130,898.88	23,300,000
13.00	Loan		1	324 West 125th Street	Mixed Use	Medical Office/Retail	2016	NAP	17,384	SF	1,323.06	23,000,000
14.00	Loan	31, 32, 33	1	Park Parthenia	Multifamily	Garden	1962-1970	NAP	447	Units	72,706.94	22,500,000
15.00	Loan	34, 35, 36, 37, 38	1	57-63 Orchard Street	Mixed Use	Office/Retail/Multifamily	1900, 1910, 1915	2023	55,200	SF	398.55	22,000,000
16.00	Loan		1	Escarlata 31	Multifamily	Garden	1985	2023	87	Units	172,413.79	15,000,000
17.00	Loan		1	Dadeland West Office Park	Office	CBD	1979	2004	111,023	SF	127.00	14,100,000
18.00	Loan	39, 40, 41	7	Baker MHC Portfolio	Manufactured Housing	Various	Various	NAP	346	Pads	40,462.43	14,000,000
18.01	Property		1	Henderson MHP	Manufactured Housing	Manufactured Housing/RV Park	1976	NAP	67	Pads		2,717,319
18.02	Property		1	Whispering Pines Estates	Manufactured Housing	Manufactured Housing	1980	NAP	53	Pads		2,684,398
18.03	Property		1	Monson MHC	Manufactured Housing	Manufactured Housing	1986	NAP	61	Pads		2,652,426
18.04	Property		1	Everglades MHP	Manufactured Housing	Manufactured Housing	1984	NAP	55	Pads		1,926,623
18.05	Property		1	Royal Palm MHP	Manufactured Housing	Manufactured Housing	1955	NAP	51	Pads		1,802,239
18.06	Property		1	American MHP	Manufactured Housing	Manufactured Housing/RV Park	1950	NAP	40	Pads		1,477,277
18.07	Property		1	NallCourt MHP	Manufactured Housing	Manufactured Housing	1984	NAP	19	Pads		739,718
19.00	Loan	42, 43	1	Euclid Apartments	Multifamily	Garden	1968	2022	738	Units	71,815.72	13,000,000
20.00	Loan	44, 45, 46, 47	1	3216 South Blvd	Retail	Anchored	1945, 2023	2023	44,026	SF	295.28	13,000,000
21.00	Loan		1	Escarlata 29	Multifamily	Garden	1984	2023	80	Units	150,000.00	12,000,000
22.00	Loan	48	1	Home2Suites Florence	Hospitality	Extended Stay	2017	NAP	109	Rooms	103,211.01	11,250,000
23.00	Loan	49, 50, 51	1	Holiday Inn Hammond	Hospitality	Full Service	2010	2018	97	Rooms	111,787.70	10,850,000
24.00	Loan	52, 53, 54	1	817-819 9th Avenue	Mixed Use	Multifamily/Retail	1910	2023	12	Units	833,333.33	10,000,000
25.00	Loan	55	1	Concord Hills	Multifamily	Mid Rise	1971	2022	128	Units	73,828.13	9,450,000
26.00	Loan	56, 57, 58, 59, 60	1	5635 E La Palma	Retail	Anchored	1978, 2017	2024	59,082	SF	152.33	9,000,000
27.00	Loan		1	Mitchell Lofts	Multifamily	Mid Rise	1928	2019-2023	79	Units	91,139.24	7,200,000
28.00	Loan	61, 62, 63, 64, 65, 66, 67	1	220 Jackson Street	Mixed Use	Office/Retail	1913	2015	21,957	SF	282.37	6,200,000
29.00	Loan		1	400 & 420 Technology Parkway	Office	Suburban	1999	NAP	67,006	SF	83.57	5,600,000
30.00	Loan		1	Extra Space Self Storage Baca Lane	Self Storage	Self Storage	2002	2007	50,850	SF	102.26	5,200,000
31.00	Loan	68	1	Plymouth Park Apartments	Multifamily	Garden	1979	NAP	70	Units	71,428.57	5,000,000
32.00	Loan		1	605 East 16th Street	Multifamily	Mid Rise	1931	NAP	34	Units	94,117.65	3,200,000

Loan ID Number	Loan / Property Flag	Footnotes (for Loan and Property Information)	# of Properties	Property Name	Cut-off Date Balance ($)	Maturity/ARD Balance ($)	Interest Rate %	Administrative Fee Rate %	Net Mortgage Rate %	Monthly Debt Service (P&I) ($)	Monthly Debt Service (IO) ($)	Annual Debt Service (P&I) ($)	Annual Debt Service (IO) ($)	Amortization Type
1.00	Loan	5	1	9950 Woodloch	73,000,000	69,290,864	7.07500%	0.04998%	7.02502%	489,353.36	NAP	5,872,240.32	NAP	Amortizing Balloon
2.00	Loan		3	Falls Houston Multifamily Portfolio	64,500,000	64,500,000	6.94400%	0.03998%	6.90402%	NAP	378,423.89	NAP	4,541,086.68	Interest Only
2.01	Property		1	Miami Gardens Apartments	30,535,036	30,535,036
2.02	Property		1	Falls Of Braeburn	18,226,279	18,226,279
2.03	Property		1	Chelsea Lane Apartments	15,738,685	15,738,685
3.00	Loan	6, 7, 8, 9, 10, 11, 12, 13, 14	1	640 5th Avenue	50,400,000	46,063,500	6.1293333%	0.01998%	6.1093533%	332,422.81	NAP	3,989,073.72	NAP	Amortizing Balloon
4.00	Loan	15, 16, 17, 18, 19, 20	2	Lotus 315 & Essence 144	50,000,000	50,000,000	6.42000%	0.01998%	6.40002%	NAP	271,215.28	NAP	3,254,583.36	Interest Only
4.01	Property		1	Lotus 315	29,529,617	29,529,617
4.02	Property		1	Essence 144	20,470,383	20,470,383
5.00	Loan		1	The Archive Apartments	47,850,000	47,850,000	6.92000%	0.01998%	6.90002%	NAP	279,767.43	NAP	3,357,209.16	Interest Only
6.00	Loan	21, 22, 23	1	3060 Olympic	45,500,000	45,500,000	6.49000%	0.01998%	6.47002%	NAP	249,496.93	NAP	2,993,963.16	Interest Only
7.00	Loan		8	ExchangeRight 67	33,522,953	33,522,953	6.45000%	0.01998%	6.43002%	NAP	182,688.45	NAP	2,192,261.40	Interest Only
7.01	Property		1	FedEx Ground – Moselle, MS	15,621,439	15,621,439
7.02	Property		1	Metro Market (Grocery) – Mukwonago, WI	5,659,264	5,659,264
7.03	Property		1	BJC Health Care – Godfrey, IL	3,461,037	3,461,037
7.04	Property		1	Tractor Supply – New Richmond, WI	2,853,017	2,853,017
7.05	Property		1	Tractor Supply – Canal Fulton, OH	2,432,080	2,432,080
7.06	Property		1	Bank of America – Mount Prospect, IL	1,777,290	1,777,290
7.07	Property		1	Family Dollar / Dollar Tree Combo – Roswell, NM	865,259	865,259
7.08	Property		1	Dollar Tree – Gulfport, MS	853,567	853,567
8.00	Loan	24, 25	1	132 West 36th Street	32,250,000	31,432,243	7.48000%	0.01998%	7.46002%	225,055.18	203,817.01	2,700,662.16	2,445,804.12	Interest Only, Amortizing Balloon
9.00	Loan		1	Solon Park Apartments	28,000,000	28,000,000	6.67000%	0.01998%	6.65002%	NAP	157,794.91	NAP	1,893,538.92	Interest Only
10.00	Loan	26	1	Marriott Hartford Windsor Airport	27,000,000	27,000,000	7.26000%	0.01998%	7.24002%	NAP	165,618.75	NAP	1,987,425.00	Interest Only
11.00	Loan	27, 28	1	Cummins Station	25,000,000	25,000,000	7.15500%	0.01998%	7.13502%	NAP	151,132.81	NAP	1,813,593.72	Interest Only
12.00	Loan	29, 30	1	Hyatt Place Pittsburgh North Shore	23,300,000	23,300,000	7.28900%	0.01998%	7.26902%	NAP	143,493.75	NAP	1,721,925.00	Interest Only
13.00	Loan		1	324 West 125th Street	23,000,000	23,000,000	6.70500%	0.01998%	6.68502%	NAP	130,297.40	NAP	1,563,568.80	Interest Only
14.00	Loan	31, 32, 33	1	Park Parthenia	22,500,000	22,500,000	7.39000%	0.01998%	7.37002%	NAP	140,486.98	NAP	1,685,843.75	Interest Only
15.00	Loan	34, 35, 36, 37, 38	1	57-63 Orchard Street	22,000,000	22,000,000	7.27000%	0.01998%	7.25002%	NAP	135,134.49	NAP	1,621,613.88	Interest Only
16.00	Loan		1	Escarlata 31	15,000,000	15,000,000	6.42000%	0.01998%	6.40002%	NAP	81,364.58	NAP	976,374.96	Interest Only
17.00	Loan		1	Dadeland West Office Park	14,100,000	14,100,000	7.00900%	0.01998%	6.98902%	NAP	83,499.58	NAP	1,001,994.96	Interest Only
18.00	Loan	39, 40, 41	7	Baker MHC Portfolio	14,000,000	14,000,000	7.03400%	0.01998%	7.01402%	NAP	83,203.10	NAP	998,437.20	Interest Only
18.01	Property		1	Henderson MHP	2,717,319	2,717,319
18.02	Property		1	Whispering Pines Estates	2,684,398	2,684,398
18.03	Property		1	Monson MHC	2,652,426	2,652,426
18.04	Property		1	Everglades MHP	1,926,623	1,926,623
18.05	Property		1	Royal Palm MHP	1,802,239	1,802,239
18.06	Property		1	American MHP	1,477,277	1,477,277
18.07	Property		1	NallCourt MHP	739,718	739,718
19.00	Loan	42, 43	1	Euclid Apartments	13,000,000	13,000,000	7.06000%	0.01873%	7.04127%	NAP	77,545.60	NAP	930,547.20	Interest Only
20.00	Loan	44, 45, 46, 47	1	3216 South Blvd	13,000,000	13,000,000	7.51900%	0.01998%	7.49902%	NAP	82,587.16	NAP	991,045.92	Interest Only
21.00	Loan		1	Escarlata 29	12,000,000	12,000,000	6.57000%	0.01998%	6.55002%	NAP	66,612.50	NAP	799,350.00	Interest Only
22.00	Loan	48	1	Home2Suites Florence	11,250,000	11,250,000	7.02200%	0.01998%	7.00202%	NAP	66,745.57	NAP	800,946.84	Interest Only
23.00	Loan	49, 50, 51	1	Holiday Inn Hammond	10,843,407	10,447,557	8.48500%	0.01998%	8.46502%	83,311.80	NAP	999,741.58	NAP	Amortizing Balloon
24.00	Loan	52, 53, 54	1	817-819 9th Avenue	10,000,000	10,000,000	6.85000%	0.01998%	6.83002%	NAP	57,876.16	NAP	694,513.92	Interest Only
25.00	Loan	55	1	Concord Hills	9,450,000	9,450,000	7.86000%	0.01998%	7.84002%	NAP	62,757.19	NAP	753,086.28	Interest Only
26.00	Loan	56, 57, 58, 59, 60	1	5635 E La Palma	9,000,000	7,830,881	6.93700%	0.01998%	6.91702%	69,436.97	NAP	833,243.64	NAP	Amortizing Balloon
27.00	Loan		1	Mitchell Lofts	7,200,000	7,200,000	7.44000%	0.01998%	7.42002%	NAP	45,260.00	NAP	543,120.00	Interest Only
28.00	Loan	61, 62, 63, 64, 65, 66, 67	1	220 Jackson Street	6,200,000	6,200,000	6.25700%	0.01998%	6.23702%	NAP	32,776.83	NAP	393,321.96	Interest Only
29.00	Loan		1	400 & 420 Technology Parkway	5,600,000	5,600,000	6.86200%	0.01998%	6.84202%	NAP	32,467.43	NAP	389,609.16	Interest Only
30.00	Loan		1	Extra Space Self Storage Baca Lane	5,200,000	5,200,000	7.68000%	0.01998%	7.66002%	NAP	33,742.22	NAP	404,906.64	Interest Only
31.00	Loan	68	1	Plymouth Park Apartments	5,000,000	5,000,000	7.27000%	0.08748%	7.18252%	NAP	30,712.38	NAP	368,548.56	Interest Only
32.00	Loan		1	605 East 16th Street	3,200,000	3,200,000	6.43000%	0.01998%	6.41002%	NAP	17,384.81	NAP	208,617.72	Interest Only

Loan ID Number	Loan / Property Flag	Footnotes (for Loan and Property Information)	# of Properties	Property Name	ARD Loan (Yes / No)	Interest Accrual Method	Original Interest-Only Period (Mos.)	Remaining Interest-Only Period (Mos.)	Original Term To Maturity / ARD (Mos.)	Remaining Term To Maturity / ARD (Mos.)	Original Amortization Term (Mos.)	Remaining Amortization Term (Mos.)	Origination Date
1.00	Loan	5	1	9950 Woodloch	No	Actual/360	0	0	60	60	360	360	6/12/2024
2.00	Loan		3	Falls Houston Multifamily Portfolio	No	Actual/360	60	60	60	60	0	0	6/14/2024
2.01	Property		1	Miami Gardens Apartments
2.02	Property		1	Falls Of Braeburn
2.03	Property		1	Chelsea Lane Apartments
3.00	Loan	6, 7, 8, 9, 10, 11, 12, 13, 14	1	640 5th Avenue	No	Actual/360	0	0	60	60	NAP	NAP	6/10/2024
4.00	Loan	15, 16, 17, 18, 19, 20	2	Lotus 315 & Essence 144	No	Actual/360	60	59	60	59	0	0	6/3/2024
4.01	Property		1	Lotus 315
4.02	Property		1	Essence 144
5.00	Loan		1	The Archive Apartments	No	Actual/360	60	59	60	59	0	0	5/17/2024
6.00	Loan	21, 22, 23	1	3060 Olympic	No	Actual/360	60	60	60	60	0	0	6/18/2024
7.00	Loan		8	ExchangeRight 67	No	Actual/360	60	59	60	59	0	0	6/11/2024
7.01	Property		1	FedEx Ground – Moselle, MS
7.02	Property		1	Metro Market (Grocery) – Mukwonago, WI
7.03	Property		1	BJC Health Care – Godfrey, IL
7.04	Property		1	Tractor Supply – New Richmond, WI
7.05	Property		1	Tractor Supply – Canal Fulton, OH
7.06	Property		1	Bank of America – Mount Prospect, IL
7.07	Property		1	Family Dollar / Dollar Tree Combo – Roswell, NM
7.08	Property		1	Dollar Tree – Gulfport, MS
8.00	Loan	24, 25	1	132 West 36th Street	No	Actual/360	24	24	60	60	360	360	6/11/2024
9.00	Loan		1	Solon Park Apartments	No	Actual/360	60	60	60	60	0	0	6/7/2024
10.00	Loan	26	1	Marriott Hartford Windsor Airport	No	Actual/360	60	60	60	60	0	0	6/21/2024
11.00	Loan	27, 28	1	Cummins Station	No	Actual/360	60	59	60	59	0	0	6/6/2024
12.00	Loan	29, 30	1	Hyatt Place Pittsburgh North Shore	No	Actual/360	60	59	60	59	0	0	5/31/2024
13.00	Loan		1	324 West 125th Street	No	Actual/360	60	59	60	59	0	0	5/21/2024
14.00	Loan	31, 32, 33	1	Park Parthenia	No	Actual/360	60	59	60	59	0	0	5/29/2024
15.00	Loan	34, 35, 36, 37, 38	1	57-63 Orchard Street	No	Actual/360	60	60	60	60	0	0	6/21/2024
16.00	Loan		1	Escarlata 31	No	Actual/360	60	59	60	59	0	0	6/4/2024
17.00	Loan		1	Dadeland West Office Park	No	Actual/360	60	59	60	59	0	0	6/6/2024
18.00	Loan	39, 40, 41	7	Baker MHC Portfolio	No	Actual/360	60	59	60	59	0	0	5/13/2024
18.01	Property		1	Henderson MHP
18.02	Property		1	Whispering Pines Estates
18.03	Property		1	Monson MHC
18.04	Property		1	Everglades MHP
18.05	Property		1	Royal Palm MHP
18.06	Property		1	American MHP
18.07	Property		1	NallCourt MHP
19.00	Loan	42, 43	1	Euclid Apartments	No	Actual/360	60	55	60	55	0	0	1/31/2024
20.00	Loan	44, 45, 46, 47	1	3216 South Blvd	No	Actual/360	60	60	60	60	0	0	6/21/2024
21.00	Loan		1	Escarlata 29	No	Actual/360	60	59	60	59	0	0	6/4/2024
22.00	Loan	48	1	Home2Suites Florence	No	Actual/360	60	59	60	59	0	0	6/6/2024
23.00	Loan	49, 50, 51	1	Holiday Inn Hammond	No	Actual/360	0	0	60	59	360	359	5/13/2024
24.00	Loan	52, 53, 54	1	817-819 9th Avenue	No	Actual/360	60	60	60	60	0	0	6/11/2024
25.00	Loan	55	1	Concord Hills	No	Actual/360	60	59	60	59	0	0	5/29/2024
26.00	Loan	56, 57, 58, 59, 60	1	5635 E La Palma	No	Actual/360	0	0	60	60	240	240	6/25/2024
27.00	Loan		1	Mitchell Lofts	No	Actual/360	60	58	60	58	0	0	4/10/2024
28.00	Loan	61, 62, 63, 64, 65, 66, 67	1	220 Jackson Street	No	Actual/360	60	60	60	60	0	0	6/17/2024
29.00	Loan		1	400 & 420 Technology Parkway	No	Actual/360	60	60	60	60	0	0	6/13/2024
30.00	Loan		1	Extra Space Self Storage Baca Lane	No	Actual/360	60	59	60	59	0	0	5/21/2024
31.00	Loan	68	1	Plymouth Park Apartments	No	Actual/360	60	60	60	60	0	0	6/11/2024
32.00	Loan		1	605 East 16th Street	No	Actual/360	60	59	60	59	0	0	5/31/2024

Loan ID Number	Loan / Property Flag	Footnotes (for Loan and Property Information)	# of Properties	Property Name	Seasoning (Mos.)	Payment Due Date	First Payment Date	First P&I Payment Date	Maturity Date or Anticipated Repayment Date	Final Maturity Date	Grace Period - Late Fee (Days)	Grace Period - Default (Days)	Prepayment Provision
1.00	Loan	5	1	9950 Woodloch	0	11	8/11/2024	8/11/2024	7/11/2029	NAP	0	0	L(24),D(29),O(7)
2.00	Loan		3	Falls Houston Multifamily Portfolio	0	11	8/11/2024	NAP	7/11/2029	NAP	0	0	L(24),D(29),O(7)
2.01	Property		1	Miami Gardens Apartments
2.02	Property		1	Falls Of Braeburn
2.03	Property		1	Chelsea Lane Apartments
3.00	Loan	6, 7, 8, 9, 10, 11, 12, 13, 14	1	640 5th Avenue	0	1	8/1/2024	8/1/2024	7/1/2029	NAP	0	0	L(24),D(29),O(7)
4.00	Loan	15, 16, 17, 18, 19, 20	2	Lotus 315 & Essence 144	1	6	7/6/2024	NAP	6/6/2029	NAP	0	0	L(25),D(28),O(7)
4.01	Property		1	Lotus 315
4.02	Property		1	Essence 144
5.00	Loan		1	The Archive Apartments	1	6	7/6/2024	NAP	6/6/2029	NAP	0	0	L(25),D(32),O(3)
6.00	Loan	21, 22, 23	1	3060 Olympic	0	6	8/6/2024	NAP	7/6/2029	NAP	5	0	L(24),D(31),O(5)
7.00	Loan		8	ExchangeRight 67	1	11	7/11/2024	NAP	6/11/2029	NAP	0	0	L(25),D(28),O(7)
7.01	Property		1	FedEx Ground – Moselle, MS
7.02	Property		1	Metro Market (Grocery) – Mukwonago, WI
7.03	Property		1	BJC Health Care – Godfrey, IL
7.04	Property		1	Tractor Supply – New Richmond, WI
7.05	Property		1	Tractor Supply – Canal Fulton, OH
7.06	Property		1	Bank of America – Mount Prospect, IL
7.07	Property		1	Family Dollar / Dollar Tree Combo – Roswell, NM
7.08	Property		1	Dollar Tree – Gulfport, MS
8.00	Loan	24, 25	1	132 West 36th Street	0	6	8/6/2024	8/6/2026	7/6/2029	NAP	0	0	L(24),D(33),O(3)
9.00	Loan		1	Solon Park Apartments	0	6	8/6/2024	NAP	7/6/2029	NAP	0	0	L(24),D(32),O(4)
10.00	Loan	26	1	Marriott Hartford Windsor Airport	0	6	8/6/2024	NAP	7/6/2029	NAP	0	0	L(24),D(29),O(7)
11.00	Loan	27, 28	1	Cummins Station	1	11	7/11/2024	NAP	6/11/2029	NAP	0	0	L(25),D(28),O(7)
12.00	Loan	29, 30	1	Hyatt Place Pittsburgh North Shore	1	11	7/11/2024	NAP	6/11/2029	NAP	0	0	L(24),YM1(29),O(7)
13.00	Loan		1	324 West 125th Street	1	11	7/11/2024	NAP	6/11/2029	NAP	0	0	L(25),D(26),O(9)
14.00	Loan	31, 32, 33	1	Park Parthenia	1	6	7/6/2024	NAP	6/6/2029	NAP	0	0	L(25),D(31),O(4)
15.00	Loan	34, 35, 36, 37, 38	1	57-63 Orchard Street	0	6	8/6/2024	NAP	7/6/2029	NAP	0	0	L(24),D(29),O(7)
16.00	Loan		1	Escarlata 31	1	6	7/6/2024	NAP	6/6/2029	NAP	0	0	L(25),D(32),O(3)
17.00	Loan		1	Dadeland West Office Park	1	11	7/11/2024	NAP	6/11/2029	NAP	0	0	L(25),YM1(29),O(6)
18.00	Loan	39, 40, 41	7	Baker MHC Portfolio	1	6	7/6/2024	NAP	6/6/2029	NAP	0	0	L(25),D(28),O(7)
18.01	Property		1	Henderson MHP
18.02	Property		1	Whispering Pines Estates
18.03	Property		1	Monson MHC
18.04	Property		1	Everglades MHP
18.05	Property		1	Royal Palm MHP
18.06	Property		1	American MHP
18.07	Property		1	NallCourt MHP
19.00	Loan	42, 43	1	Euclid Apartments	5	6	3/6/2024	NAP	2/6/2029	NAP	0	0	L(29),D(27),O(4)
20.00	Loan	44, 45, 46, 47	1	3216 South Blvd	0	6	8/6/2024	NAP	7/6/2029	NAP	0	0	L(24),D(29),O(7)
21.00	Loan		1	Escarlata 29	1	6	7/6/2024	NAP	6/6/2029	NAP	0	0	L(25),D(32),O(3)
22.00	Loan	48	1	Home2Suites Florence	1	6	7/6/2024	NAP	6/6/2029	NAP	0	0	L(12),YM1(41),O(7)
23.00	Loan	49, 50, 51	1	Holiday Inn Hammond	1	6	7/6/2024	7/6/2024	6/6/2029	NAP	0	0	L(25),D(31),O(4)
24.00	Loan	52, 53, 54	1	817-819 9th Avenue	0	6	8/6/2024	NAP	7/6/2029	NAP	0	0	L(24),D(33),O(3)
25.00	Loan	55	1	Concord Hills	1	6	7/6/2024	NAP	6/6/2029	NAP	0	0	L(25),D(31),O(4)
26.00	Loan	56, 57, 58, 59, 60	1	5635 E La Palma	0	6	8/6/2024	8/6/2024	7/6/2029	NAP	0	0	L(24),D(29),O(7)
27.00	Loan		1	Mitchell Lofts	2	6	6/6/2024	NAP	5/6/2029	NAP	0	0	L(26),D(30),O(4)
28.00	Loan	61, 62, 63, 64, 65, 66, 67	1	220 Jackson Street	0	6	8/6/2024	NAP	7/6/2029	NAP	0	0	L(24),D(29),O(7)
29.00	Loan		1	400 & 420 Technology Parkway	0	6	8/6/2024	NAP	7/6/2029	NAP	0	0	L(24),D(32),O(4)
30.00	Loan		1	Extra Space Self Storage Baca Lane	1	6	7/6/2024	NAP	6/6/2029	NAP	0	0	L(25),D(28),O(7)
31.00	Loan	68	1	Plymouth Park Apartments	0	6	8/6/2024	NAP	7/6/2029	NAP	0	0	L(24),D(33),O(3)
32.00	Loan		1	605 East 16th Street	1	6	7/6/2024	NAP	6/6/2029	NAP	0	0	L(25),D(30),O(5)

Loan ID Number	Loan / Property Flag	Footnotes (for Loan and Property Information)	# of Properties	Property Name	Most Recent EGI ($)	Most Recent Expenses ($)	Most Recent NOI ($)	Most Recent NOI Date	Most Recent Description	Second Most Recent EGI ($)	Second Most Recent Expenses ($)	Second Most Recent NOI ($)	Second Most Recent NOI Date	Second Most Recent Description
1.00	Loan	5	1	9950 Woodloch	17,550,604	10,994,138	6,556,466	3/31/2024	T-12	15,811,720	10,373,607	5,438,113	12/31/2023	T-12
2.00	Loan		3	Falls Houston Multifamily Portfolio	11,705,777	4,987,120	6,718,657	4/30/2024	T-12	11,203,972	4,866,524	6,337,449	12/31/2023	T-12
2.01	Property		1	Miami Gardens Apartments	5,279,256	2,064,356	3,214,900	4/30/2024	T-12	5,074,204	2,020,119	3,054,085	12/31/2023	T-12
2.02	Property		1	Falls Of Braeburn	3,334,996	1,701,517	1,633,479	4/30/2024	T-12	3,126,453	1,624,822	1,501,630	12/31/2023	T-12
2.03	Property		1	Chelsea Lane Apartments	3,091,526	1,221,247	1,870,278	4/30/2024	T-12	3,003,316	1,221,582	1,781,734	12/31/2023	T-12
3.00	Loan	6, 7, 8, 9, 10, 11, 12, 13, 14	1	640 5th Avenue	72,036,886	18,237,231	53,799,655	12/31/2023	T-12	67,571,078	19,799,244	47,771,835	12/31/2022	T-12
4.00	Loan	15, 16, 17, 18, 19, 20	2	Lotus 315 & Essence 144	8,249,395	2,378,747	5,870,649	4/30/2024	T-12	8,049,905	2,390,337	5,659,568	12/31/2023	T-12
4.01	Property		1	Lotus 315	4,517,625	1,291,194	3,226,432	4/30/2024	T-12	4,382,823	1,264,647	3,118,176	12/31/2023	T-12
4.02	Property		1	Essence 144	3,731,770	1,087,553	2,644,217	4/30/2024	T-12	3,667,082	1,125,690	2,541,392	12/31/2023	T-12
5.00	Loan		1	The Archive Apartments	6,315,629	2,356,133	3,959,496	5/31/2024	T-12	5,984,834	2,362,380	3,622,453	12/31/2023	T-12
6.00	Loan	21, 22, 23	1	3060 Olympic	6,640,991	3,358,197	3,282,794	4/30/2024	T-12	6,949,062	3,381,022	3,568,040	12/31/2023	T-12
7.00	Loan		8	ExchangeRight 67	NAV	NAV	NAV	NAV	NAV	NAV	NAV	NAV	NAV	NAV
7.01	Property		1	FedEx Ground – Moselle, MS	NAV	NAV	NAV	NAV	NAV	NAV	NAV	NAV	NAV	NAV
7.02	Property		1	Metro Market (Grocery) – Mukwonago, WI	NAV	NAV	NAV	NAV	NAV	NAV	NAV	NAV	NAV	NAV
7.03	Property		1	BJC Health Care – Godfrey, IL	NAV	NAV	NAV	NAV	NAV	NAV	NAV	NAV	NAV	NAV
7.04	Property		1	Tractor Supply – New Richmond, WI	NAV	NAV	NAV	NAV	NAV	NAV	NAV	NAV	NAV	NAV
7.05	Property		1	Tractor Supply – Canal Fulton, OH	NAV	NAV	NAV	NAV	NAV	NAV	NAV	NAV	NAV	NAV
7.06	Property		1	Bank of America – Mount Prospect, IL	NAV	NAV	NAV	NAV	NAV	NAV	NAV	NAV	NAV	NAV
7.07	Property		1	Family Dollar / Dollar Tree Combo – Roswell, NM	NAV	NAV	NAV	NAV	NAV	NAV	NAV	NAV	NAV	NAV
7.08	Property		1	Dollar Tree – Gulfport, MS	NAV	NAV	NAV	NAV	NAV	NAV	NAV	NAV	NAV	NAV
8.00	Loan	24, 25	1	132 West 36th Street	6,386,634	2,747,410	3,639,224	4/30/2024	T-12	6,155,468	2,739,008	3,416,460	12/31/2023	T-12
9.00	Loan		1	Solon Park Apartments	3,992,064	1,589,925	2,402,139	5/31/2024	T-12	3,802,716	1,617,624	2,185,092	12/31/2023	T-12
10.00	Loan	26	1	Marriott Hartford Windsor Airport	14,813,844	10,057,850	4,755,994	3/31/2024	T-12	14,534,015	9,845,471	4,688,544	12/31/2023	T-12
11.00	Loan	27, 28	1	Cummins Station	16,879,806	4,185,679	12,694,127	3/31/2024	T-12	16,603,708	4,311,244	12,292,464	12/31/2023	T-12
12.00	Loan	29, 30	1	Hyatt Place Pittsburgh North Shore	8,818,899	5,158,188	3,660,711	4/30/2024	T-12	8,661,340	5,023,236	3,638,104	12/31/2023	T-12
13.00	Loan		1	324 West 125th Street	2,318,993	323,881	1,995,112	3/30/2024	T-12	2,267,826	319,115	1,948,711	12/31/2023	T-12
14.00	Loan	31, 32, 33	1	Park Parthenia	8,479,266	2,742,676	5,736,590	3/31/2024	T-12	8,367,815	2,768,993	5,598,822	12/31/2023	T-12
15.00	Loan	34, 35, 36, 37, 38	1	57-63 Orchard Street	2,521,020	609,825	1,911,195	4/30/2024	T-12	2,330,386	609,943	1,720,443	12/31/2023	T-12
16.00	Loan		1	Escarlata 31	1,577,982	284,783	1,293,199	4/30/2024	T-12	1,531,871	279,305	1,252,566	12/31/2023	T-12
17.00	Loan		1	Dadeland West Office Park	3,323,855	1,421,953	1,901,902	3/31/2024	T-12	3,259,035	1,412,402	1,846,633	12/31/2023	T-12
18.00	Loan	39, 40, 41	7	Baker MHC Portfolio	1,686,441	553,435	1,133,006	Various	T-12	1,623,351	539,455	1,083,896	12/31/2023	T-12
18.01	Property		1	Henderson MHP	325,802	73,619	252,183	3/31/2024	T-12	310,868	74,963	235,905	12/31/2023	T-12
18.02	Property		1	Whispering Pines Estates	330,510	113,577	216,933	2/29/2024	T-12	318,375	102,525	215,850	12/31/2023	T-12
18.03	Property		1	Monson MHC	350,085	133,032	217,053	2/29/2024	T-12	337,430	130,046	207,384	12/31/2023	T-12
18.04	Property		1	Everglades MHP	181,310	38,320	142,990	2/29/2024	T-12	172,925	37,855	135,070	12/31/2023	T-12
18.05	Property		1	Royal Palm MHP	173,730	34,426	139,304	2/29/2024	T-12	165,550	37,438	128,112	12/31/2023	T-12
18.06	Property		1	American MHP	220,198	125,563	94,635	2/29/2024	T-12	216,504	121,743	94,761	12/31/2023	T-12
18.07	Property		1	NallCourt MHP	104,806	34,898	69,908	3/31/2024	T-12	101,699	34,885	66,814	12/31/2023	T-12
19.00	Loan	42, 43	1	Euclid Apartments	8,905,892	2,772,457	6,133,435	12/31/2023	T-12	8,464,424	2,528,661	5,935,763	12/31/2022	T-12 Annualized
20.00	Loan	44, 45, 46, 47	1	3216 South Blvd	NAV	NAV	NAV	NAV	NAV	NAV	NAV	NAV	NAV	NAV
21.00	Loan		1	Escarlata 29	1,352,661	278,460	1,074,201	4/30/2024	T-12	1,325,248	281,044	1,044,204	12/31/2023	T-12
22.00	Loan	48	1	Home2Suites Florence	4,986,379	2,916,889	2,069,490	4/30/2024	T-12	5,083,945	2,910,446	2,173,499	12/31/2023	T-12
23.00	Loan	49, 50, 51	1	Holiday Inn Hammond	4,337,013	2,718,675	1,618,338	3/31/2024	T-12	4,370,965	2,740,576	1,630,388	12/31/2023	T-12
24.00	Loan	52, 53, 54	1	817-819 9th Avenue	882,006	206,051	675,955	3/31/2024	T-12	680,539	197,068	483,471	12/31/2023	T-12
25.00	Loan	55	1	Concord Hills	1,470,106	662,249	807,857	2/29/2024	T-12	NAV	NAV	NAV	NAV	NAV
26.00	Loan	56, 57, 58, 59, 60	1	5635 E La Palma	416,104	377,553	38,550	4/30/2024	T-12	556,772	392,376	164,396	12/31/2023	T-12
27.00	Loan		1	Mitchell Lofts	1,604,247	1,134,433	469,813	2/28/2024	T-12	1,577,192	1,155,545	421,647	12/31/2023	T-12
28.00	Loan	61, 62, 63, 64, 65, 66, 67	1	220 Jackson Street	858,847	246,265	612,581	3/31/2024	T-12	1,026,827	220,072	806,755	12/31/2023	T-12
29.00	Loan		1	400 & 420 Technology Parkway	1,038,408	317,822	720,586	4/30/2024	T-12	824,630	285,140	539,490	12/31/2023	T-12
30.00	Loan		1	Extra Space Self Storage Baca Lane	836,521	236,079	600,443	3/31/2024	T-12	838,943	230,009	608,933	12/31/2023	T-12
31.00	Loan	68	1	Plymouth Park Apartments	876,750	479,274	397,476	4/30/2024	T-12	861,556	483,467	378,089	12/31/2023	T-12
32.00	Loan		1	605 East 16th Street	564,824	288,321	276,504	4/30/2024	T-12	558,620	299,610	259,010	12/31/2023	T-12

		FREE WRITING PROSPECTUS
		FILED PURSUANT TO RULE 433
		REGISTRATION FILE NO.: 333-257991-11

See “Annex A-3: Summaries of the Fifteen Largest Mortgage Loans” in the prospectus for additional information on the 15 largest mortgage loans.

(1)	“WFB” denotes Wells Fargo Bank, National Association, “AREF2” denotes Argentic Real Estate Finance 2 LLC, "CREFI" denotes Citi Real Estate Funding Inc., “LMF” denotes LMF Commercial, LLC, “GSBI” denotes Goldman Sachs Bank USA, “UBS AG” denotes UBS AG by and through its branch office at 1285 Avenue of the Americas, New York, New York and “BSPRT” denotes BSPRT CMBS Finance, LLC.

(2)	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.

(3)	Certain tenants may not be in occupancy or may be in free rent periods. See “Description of the Mortgage Pool—Tenant Issues—Lease Expirations and Terminations—Other” in this prospectus for information regarding (i) single tenant properties, (ii) the largest 5 tenants with respect to the largest 15 Mortgage Loans or groups of cross-collateralized Mortgage Loans and (iii) tenants that individually or together with their affiliates occupy 50% or more of the net rentable area of related Mortgaged Properties, which, in each case, are not in occupancy or are in free rent periods.

(4)	Certain tenants may have lease termination options that are exercisable prior to the originally stated expiration date of the subject lease. See “Description of the Mortgage Pool—Tenant Issues—Lease Expirations and Terminations—Terminations” in this prospectus for information regarding certain lease termination options affecting (i) single tenant properties, (ii) the largest 5 tenants with respect to the largest 15 Mortgage Loans or groups of cross-collateralized Mortgage Loans and (iii) tenants that occupy 50% or more of the net rentable area of the related Mortgaged Properties.

(5)	With respect to Mortgage Loan No. 1 (9950 Woodloch), the second largest tenant (The Woodlands Land Development, 57,329 square feet), representing 9.5% of net rentable square feet, is owned by an affiliate of the borrower.

(6)	With respect to Mortgage Loan No. 3 (640 5th Avenue), the mortgage loan is part of a whole loan that was co-originated by Goldman Sachs Bank USA, Bank of Montreal and Morgan Stanley Bank, N.A.

(7)	With respect to Mortgage Loan No. 3 (640 5th Avenue), 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 and exclude any mezzanine debt and, in the case of any loans structured with A/B Notes, the secured subordinate debt.

(8)	With respect to Mortgage Loan No. 3 (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.

(9)	With respect to Mortgage Loan No. 3 (640 5th Avenue), the lockout period for prepayment of the 640 5th Avenue Whole Loan 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 the payment of the applicable yield maintenance. Defeasance of the 640 5th Avenue Whole Loan, in whole (but not in part), is permitted after the date that is the earlier 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 defeasance lockout period of 24 payments is based on the expected WFCM 2024-5C1 securitization closing date in July 2024. The actual lockout period may be longer.

(10)	With respect to Mortgage Loan No. 3 (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.

(11)	With respect to Mortgage Loan No. 3 (640 5th Avenue), the Third Largest Tenant, The Klein Group, LLC, has a two-time right to terminate its lease, effective either December 31, 2027 or December 31, 2029, subject to, among other things, providing notice to the borrower no later than one year before the effective date of each such termination right, satisfaction of certain minimum occupancy and demise requirements under the lease, no event of default has occurred and is continuing under the lease and the payment of a termination fee. Additionally, the Fifth Largest Tenant, Buchanan Ingersoll & Rooney, has a one-time right to terminate its lease, effective January 2, 2026, subject to providing notice to the borrower no later than November 8, 2024 and the payment of a termination fee.

(12)	With respect to Mortgage Loan No. 3 (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.

(13)	With respect to Mortgage Loan No. 3 (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 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.

(14)	With respect to Mortgage Loan No. 3 (640 5th Avenue), the mortgaged property is subject to an Industrial and Commercial Tax Abatement (the “ICAP Tax Abatement”) that commenced on July 1, 2019 and is scheduled to end on July 1, 2029, which is set to be phased out beginning in July 2024. The ICAP Tax Abatement originally provided a 100% tax abatement of the 640 5th Avenue mortgaged property’s assessment value, which abatement amount will be reduced to 80.0% of such assessment value in July 2024, 60.0% in July 2025, 40.0% in July 2026 and 20.0% in July 2027 until termination. The total benefit from the ICAP Tax Abatement for the 2024/2025 tax year is $2,459,639.

(15)	With respect to Mortgage Loan No. 4 (Lotus 315 & Essence 144), the Lotus 315 Mortgaged Property consists of 180 residential units, 16,200 square feet of ground floor retail space and 10,907 square feet of self storage space across 160 units. The residential income accounts for 89.4% of the Lotus 315 Mortgaged Property total EGI with the commercial and self storage income accounting for the remaining 10.6%.

(16)	With respect to Mortgage Loan No. 4 (Lotus 315 & Essence 144), Current Occupancy (%) represents the residential occupancy at the Lotus 315 and Essence 144 Mortgaged Properties as of June 1, 2024. The Lotus 315 Mortgaged Property also contains 16,200 square feet of retail space that is 100.0% leased as of April 23, 2024 and 10,907 square feet of self-storage space that is in lease-up and 37.5% occupied by units as of June 13, 2024.

(17)	With respect to Mortgage Loan No. 4 (Lotus 315 & Essence 144), the appraised value represents the aggregate appraised value of the Lotus 315 Mortgaged Property and the Essence 144 Mortgaged Property. The Appraised Value for the Lotus 315 Mortgaged Property represents the “prospective market value upon stabilization” of $73,200,000 as of October 1, 2024 which includes value attributable to the renovated commercial units at the Lotus 315 Mortgaged Property. The Appraised Value for the Essence 144 Mortgaged Property represents the “as is” value of $50,500,000 as of April 23, 2024.

(18)	With respect to Mortgage Loan No. 4 (Lotus 315 & Essence 144), the borrowers funded at loan origination an upfront holdback reserve of $1,000,000 which may be disbursed in up to four increments upon (a) no event of default having occurred and being continuing and (b) the lender receiving evidence, in form and substance reasonably satisfactory to the lender, that the unadjusted net operating income debt yield (calculated as set forth in the Lotus & Essence 144 whole loan documents and after giving effect to the release) equals or exceeds 8.15%. If the conditions to release of all the holdback reserve funds are not satisfied by the date that is 36 months after the loan origination date (which was June 3, 2024), the lender will have the right in its sole discretion to continue to hold the holdback reserve as additional collateral and the borrower will have no further right to obtain a release of such funds.

(19)	With respect to Mortgage Loan No. 4 (Lotus 315 & Essence 144), the Lotus 315 Mortgaged Property benefits from a 30-year payment in lieu of taxes (“PILOT”) program pursuant to a PILOT agreement between the related borrower, the City of East Orange and the State of New Jersey, which commenced in January 1, 2022 and is expected to phase out completely in 2051. Under the PILOT program, real estate taxes are paid directly to the City, and there are no affordability restrictions. The Essence 144 Mortgaged Property benefits from a 30-year PILOT program pursuant to a PILOT agreement between the related borrower, the City of East Orange, and the State of New Jersey, which is expected to phase out completely in 2046.

(20)	With respect to Mortgage Loan No. 4 (Lotus 315 & Essence 144), the increase in Underwritten Net Operating Income ($) of more than 10% over the Most Recent NOI ($) is primarily attributable to commercial rental income of $602,244 at the Lotus 315 Mortgaged Property. The borrower sponsor recently executed leases with two retail tenants for $427,500 and converted another retail unit into 160 self-storage units which were 41.6% economically occupied as of June 13, 2024. The two retail tenants are not yet in occupancy and have free and or gap rent periods as follows; The tenant Sihana LLC, which accounts for 64.8% of the retail net rentable area at the Lotus 315 Mortgaged Property, is currently in a 50% rent abatement period that began on July 1, 2024 and ends on September 30, 2024 and a 25% rent abatement period beginning on October 1, 2024 and ending on March 31, 2025. The tenant Bernard Jackson Art Gallery, which accounts for 35.2% of the retail net rentable area at the Lotus 315 Mortgaged Property, is in a gap rent period through September 6, 2024.

(21)	With respect to Mortgage Loan No. 6 (3060 Olympic), at origination, the guarantor executed a master lease for all vacant and delinquent units which included 13 units at the mortgaged property. The monthly base rent under the master lease is $31,650. The master lease may be terminated at the earlier to occur of (A) the repayment in full of the 3060 Olympic mortgage loan or (B) each of the following conditions are satisfied (i) no Trigger Period (as defined in the 3060 Olympic mortgage loan documents) is then continuing, (ii) the 3060 West Olympic mortgaged property has an occupancy rate of 95%, and (iii) the debt yield is equal to or greater than 8% for one calendar quarter.

(22)	With respect to Mortgage Loan No. 6 (3060 Olympic), the required ongoing monthly ground lease reserve deposit is equal to the lesser of $66,000 and the positive difference between the current balance of the ground lease reserve subaccount and $132,000.

(23)	With respect to Mortgage Loan No. 6 (3060 Olympic), the mortgaged property is subject to a ground lease between the borrower as ground lessee and Jong Whan Cha and Soon Ai Cha, Trustees of the Cha Revocable Family Trust Dated October 31, 2000 and JSR Development Group, LLC as ground lessor. The ground lease has an initial term of 33 years that commenced in August 2016 and expires in August 2049, with two, 33-year renewal options remaining that are as of right provided no event of default under the ground lease exists. The initial ground rent was set at $60,000 per month with an increase of 10% every five years. The current ground rent payment is $66,000 per month and is set to increase to $72,600 per month in August 2026.

(24)	With respect to Mortgage Loan No. 8 (132 West 36th Street), the mortgage loan is part of a whole loan that was co-originated by Citi Real Estate Funding Inc. and Argentic Real Estate Finance 2 LLC.

(25)	With respect to Mortgage Loan No. 8 (132 West 36th Street), the Fifth Largest Tenant, New York Real Estate Institute, Inc., leases 7,986 square feet of space on a month-to-month basis and 1,470 square feet of space that expires February 28, 2027.

(26)	With respect to Mortgage Loan No. 10 (Marriott Hartford Windsor Airport), on each monthly payment date, the borrower is required to deposit with lender into a capital expenditure reserve account an amount equal to the greater of (a) 1/12 of 4% of gross income from operations during the calendar year immediately preceding the calendar year in which such monthly payment date occurs and (b) the aggregate amount, if any, required to be reserved under the management agreement and the franchise agreement.

(27)	With respect to Mortgage Loan No. 11 (Cummins Station), TI/LC reserves may be used for general TI/LCs and existing TI/LCs totalling $2,115,000 with respect to the Vidorra Restaurant space (9,400 square feet of net rentable area).

(28)	With respect to Mortgage Loan No. 11 (Cummins Station), in lieu of a cash flow sweep triggered by a low DSCR trigger, the Low DSCR Trigger Event Collateral may be posted in the form of cash or a letter of credit in an amount that, if used to pay down the loan, would cure the DSCR trigger event. The Low DSCR Trigger Event may be used to pay down the debt.

(29)	With respect to Mortgage Loan No. 12 (Hyatt Place Pittsburgh North Shore), the FF&E reserve may be adjusted based on quarterly operating statements in an amount equal to 1/12th of 4% of the trailing 12-month underwritten revenue for the prior fiscal quarter. The monthly reserve amount is initially estimated at $29,324.

(30)	With respect to Mortgage Loan No. 12 (Hyatt Place Pittsburgh North Shore), the borrower may avoid a cash flow sweep triggered by a low DSCR trigger for 6 months by depositing $478,692 in the form of cash or a letter of credit.

(31)	With respect to Mortgage Loan No. 14 (Park Parthenia), 91 of the 447 total units are rented by tenants holding Housing Authority of the City of Los Angeles Section 8 vouchers. In addition, 418 of the 447 total units are leased on a month-to-month basis.

(32)	With respect to Mortgage Loan No. 14 (Park Parthenia), the borrower may defease the Park Parthenia Whole Loan in whole (but not in part) at any time after the date that is two years after the closing date of the securitization that includes the last pari passu note of the Park Parthenia Whole Loan to be securitized. The assumed lockout period of 25 payments is based on the expected WFCM 2024-5C1 securitization closing date in July 2024. The actual lockout period may be longer.

(33)	With respect to Mortgage Loan No. 14 (Park Parthenia), the Mortgaged Property is comprised of 447 units, including three family center units, one management office, and one model unit. There are 64 buildings in the gated community, where the related borrower sponsor owns 48 buildings, an affiliate of the borrower sponsor owns 5 buildings, and third-party owners own 11 buildings.

(34)	With respect to Mortgage Loan No. 15 (57-63 Orchard Street), the mortgaged property is comprised of 32,946 square feet of office space, 13,754 square feet of retail space, and 8,500 square feet of multifamily space.

(35)	With respect to Mortgage Loan No. 15 (57-63 Orchard Street), the second largest tenant, Alpha Industries, has the right to terminate the lease, if governmental authorities, including the New York City Department of Buildings, prohibit the operation of the property as an office. The current zoning permits office use.

(36)	With respect to Mortgage Loan No. 15 (57-63 Orchard Street), the borrower is not required to make monthly rollover deposits if (i) the balance in the rollover account meets or exceeds $400,000, or (ii) following the satisfaction of the Rollover Cap Conditions, the balance in the account meets or exceeds $300,000. “Rollover Cap Conditions” mean (i) on or after June 21, 2026: (ii) no event of default or cash sweep event has occurred and is continuing, (iii) the borrower has delivered to lender reasonably acceptable evidence that commercial leases comprising at least 70% of the commercial leases expiring during the term of the loan have been replaced, renewed or extended for a period of not less than 3 years beyond each such commercial lease’s expiration date (in the lease in existence as of the origination date of June 21, 2024), (iv) all tenant improvement costs and leasing commissions for the commercial leases referenced in (iii) above have been paid in full, and (v) with respect to the commercial leases referenced in (iii) above, the tenants are in place, open for business and paying full, unabated, rent. For purposes of determining whether 70% of the commercial leases satisfy subsection (ii), the lender will calculate such percentage using the base rent paid pursuant to each commercial lease (and not taking into account any reimbursements or additional rent paid pursuant to such leases) and will take into account the base rent in such extension or renewal. At loan origination, the borrower deposited $400,000 into the rollover reserve account.

(37)	With respect to Mortgage Loan No. 15 (57-63 Orchard Street), the fifth largest tenant, Juan Miguel Carrion Cententero, has the right to terminate the lease at any time by giving 60 days prior written notice.

(38)	With respect to Mortgage Loan No. 15 (57-63 Orchard Street), the borrower will have the right at any time after August 6, 2026 and prior to January 6, 2029 to obtain the release of a portion of the mortgaged property located at 57 Orchard Street as long as, among other conditions, (i) the borrower partially defeases the 57-63 mortgage oan in an amount equal to the release price of 110% of $3,500,000; (ii) no event of default has occurred and is continuing; (iii) the DSCR after the release is not less than the greater of (1) 1.29x and (2) the DSCR immediately preceding such release; (iv) the LTV ratio after the release is not greater than the lesser of (1) 63.6%, and (2) the LTV immediately preceding such release.

(39)	With respect to Mortgage Loan No. 18 (Baker MHC Portfolio), the Henderson MHP Mortgaged Property includes 50 homesites, seven RV spaces, six storage units, two apartments, one single family home and one garage. The American MHP Mortgaged Property includes 37 homesites, two apartments and one RV space.

(40)	With respect to Mortgage Loan No. 18 (Baker MHC Portfolio), the American MHP, Monson MHC and Whispering Pines Estates Mortgaged Properties were acquired in 2022. The 2023 financial information represents all the Mortgaged Properties within the portfolio.

(41)	With respect to Mortgage Loan No. 18 (Baker MHC Portfolio), on a monthly basis, the borrowers are required to deposit 1/12th of an amount which would be sufficient to pay insurance premiums for the renewal of coverages; provided, such monthly deposits will be waived to the extent that the borrowers maintain a blanket insurance policy acceptable to the lender. As of the origination date, the borrowers’ commercial general liability and umbrella liability insurance are provided through a blanket policy approved by the lender, and therefore the required monthly deposit does not include insurance premiums with respect to such coverage.

(42)	With respect to Loan No. 19 (Euclid Apartments), the borrowers may defease the Euclid Apartments whole loan in whole (but not in part) at any time after the earlier to occur of (i) January 31, 2027 and (ii) the date that is two years after the closing date of the securitization that includes the last pari passu note to be securitized. The assumed lockout period of 29 payments is based on the expected WFCM 2024-5C1 securitization closing date in July 2024. The actual lockout period may be longer.

(43)	With respect to Loan No. 19 (Euclid 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 68.8% and (y) the debt service coverage ratio is equal to or greater than 1.45x, (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.

(44)	With respect to Mortgage Loan No. 20 (3216 South Blvd), the Appraised Value ($) of $24,100,000 as of April 3, 2024 is based on the assumption that the planned reserves for the near-term costs of future leases are fully funded by the lender, and that these reserved funds would pass with title to any purchaser of the Mortgaged Property. The unfunded obligations were reserved for at origination of the Mortgage Loan.

(45)	With respect to Mortgage Loan No. 20 (3216 South Blvd), historical financial information is not available because the building consisting of approximately 71.6% of the net rentable square footage was built in 2023, and the building consisting of approximately 28.4% of the net rentable square footage was renovated in 2023.

(46)	With respect to Mortgage Loan No. 20 (3216 South Blvd), on a monthly basis, the borrower is required to deposit 1/12th of an amount which would be sufficient to pay insurance premiums for the renewal of coverages; provided, such monthly deposits will be waived to the extent that the borrower maintains a blanket insurance policy acceptable to the lender. The borrower is permitted to pay insurance premiums on a quarterly installment basis directly to the insurance company and/or the insurance agent/broker, and in such case, the borrower will not be required to make the monthly insurance deposits, provided (1) the borrower submits to the lender written evidence acceptable to the lender of the payment of each and every installment as each such installment becomes due and payable, at least five days prior to such installment’s date due, (2) the policies remain in full force and effect and (3) the borrower, at all times, maintains in the insurance account an amount equal to the applicable insurance premiums required deposit amount. In no event will the borrower be permitted to finance any premiums through a premium finance company.

(47)	With respect to Mortgage Loan No. 20 (3216 South Blvd), on each monthly payment date during a material tenant trigger event period, the borrower is required to deposit all material tenant trigger event excess cash for tenant allowances, tenant improvements and leasing commissions that may be incurred or required to be reimbursed by the borrower in connection with leasing material tenant space pursuant to qualified leases.

(48)	With respect to Mortgage Loan No. 22 (Home2Suites Florence), the Monthly FF&E Expenditure Amount means (i) $16,538.92 for the Payment Dates which occur in July 2024 through June 2025 and (ii) thereafter a consistent monthly amount for the Payment Dates in July through June of the following calendar year equal to the greater of (a) the monthly amount required to be reserved pursuant to the Franchise Agreement for the replacement of FF&E or (b) one-twelfth (1/12th) of 4% of the Operating Income of the Property for the previous twelve (12) month period, which consistent monthly payment for each twelve (12) month period as described immediately above shall be as determined on the anniversary of the last day of the calendar month in which the Closing Date occurs.

(49)	With respect to Mortgage Loan No. 23 (Holiday Inn Hammond), the borrower is required to make monthly deposits into the FF&E Reserve in the amount of 1/12th of 4.0% of the greater of (i) gross revenues for the Mortgaged Property in the preceding calendar year or (ii) the projected gross revenues for the Mortgaged Property for the current calendar year according to the most recently submitted annual budget.

(50)	With respect to Mortgage Loan No. 23 (Holiday Inn Hammond), the franchise agreement with Holiday Hospitality Franchising, LLC is set to expire on September 8, 2029, which is after the maturity date of the loan, and does not have any renewal options.

(51)	With respect to Mortgage Loan No. 23 (Holiday Inn Hammond), the borrower will be required to make monthly deposits into the PIP Reserve Account an amount equal to 1/12th of one percent (1%) of the greater of (x) gross revenues for the related Mortgaged Property in the preceding calendar year or (y) the projected gross revenues for the Mortgaged Property for the current calendar year according to the most recently submitted annual budget.


(52)	With respect to Mortgage Loan No. 24 (817-819 9th Avenue), the Mortgaged Property consists of two adjacent four-story, mixed-use buildings. The buildings are comprised of twelve residential units totaling 8,100 square feet, which represents 46.7% of total EGI, and four retail units totaling 3,100 square feet, which represents 53.3% of total EGI.

(53)	With respect to Mortgage Loan No. 24 (817-819 9th Avenue), the Mortgaged Property contains four retail units totaling 3,100 square feet, which are 100% leased to four tenants. The Fourth Largest Tenant, Virago by Chef Yala, occupies 350 square feet, is not yet in occupancy as the space is currently being built out; however, the tenant is paying rent. At loan origination, approximately one year’s worth of rent was reserved.

(54)	With respect to Mortgage Loan No. 24 (817-819 9th Avenue), the increase in Underwritten Net Operating Income ($) of more than 10% over the Most Recent NOI ($) is primarily attributable to ownership's lease-up following acquisition in April 2022 and their subsequent full-scale repositioning, which included renovating all fair market residential units.

(55)	With respect to Mortgage Loan No. 25 (Concord Hills), provided no event of default has occurred and is continuing, if the property has achieved a net cash flow debt yield of at least 10.50% based on the trailing twelve months, then, assuming the net cash flow debt yield remains above 10.50%, beginning on July 6, 2026, the monthly replacement reserve deposit will be reduced to approximately $2,667 per month.

(56)	With respect to Mortgage Loan No. 26 (5635 E La Palma), the Mortgaged Property includes a 51,102 square foot anchor building that will operate as a Tesla dealership.

(57)	With respect to Mortgage Loan No. 26 (5635 E La Palma), total net rentable square footage is inclusive of a 3,900 square foot building that is ground leased to the second largest tenant, McDonald’s.

(58)	With respect to Mortgage Loan No. 26 (5635 E La Palma), on a monthly basis, the borrower is required to deposit 1/12th of an amount which would be sufficient to pay insurance premiums for the renewal of coverages; provided, such monthly deposits will be waived to the extent that the borrower maintains a blanket insurance policy acceptable to the lender.

(59)	With respect to Mortgage Loan No. 26 (5635 E La Palma), on each monthly payment date during a material tenant trigger event period, the borrower is required to deposit an amount equal to, with respect to the applicable period, the greater of (i) the product of (A) the total rentable square footage demised under all material tenant leases with respect to which (or with respect to the related material tenants or lease guarantors) a material tenant trigger event exists and (B) the ratio in which (1) the numerator is equal to $14.20 and (2) the denominator is equal to 12 and (ii) all material tenant trigger event excess cash for tenant allowances, tenant improvements and leasing commissions that may be incurred or required to be reimbursed by the borrower in connection with leasing material tenant space pursuant to qualified leases.

(60)	With respect to Mortgage Loan No. 26 (5635 E La Palma), the increase from the Most Recent NOI ($) to the Underwritten Net Operating Income ($) is primarily attributable to the recent execution of a 15-year lease with the largest tenant, Tesla, Inc., which has an annual underwritten base rent of $1,297,800.

(61)	With respect to Mortgage Loan No. 28 (220 Jackson Street), the Mortgaged Property consists of 13,681 square feet of office space and 8,276 square feet of retail space.

(62)	With respect to Mortgage Loan No. 28 (220 Jackson Street), on each monthly payment date, the borrower is required to deposit an amount equal to 1/12th of the taxes that the lender reasonably estimates will be payable during the next ensuing 12 months. So long as (i) no event of default has occurred and is then continuing and (ii) the borrower delivers evidence reasonably satisfactory to the lender of the payment of all of the taxes on or prior to the date so due, the borrower may deposit an amount equal to the annual estimated tax amount in cash in order to suspend the monthly tax deposit obligation during the 12-month period to which such annual estimated tax amount relates; or, in lieu of, or in replacement of, such deposit of cash, the borrower may deliver to the lender a letter of credit with the face amount equal to such annual estimated tax amount; provided, the borrower will remain obligated in any event to deposit any additional amounts of which the lender notifies the borrower to be due; and provided, further, the borrower’s monthly tax deposit obligation will resume immediately following such 12-month period unless the borrower has deposited cash or delivered to the lender a new letter of credit, in either case, in the amount of the annual estimated tax amount with respect to such subsequent 12-month period. Within the 30-day period immediately following the origination date, the borrower is required to deliver to the lender a letter of credit with a face amount equal to the annual estimated tax amount. The failure of the borrower to comply with its obligations set forth in the immediately preceding sentence will, at the lender’s option, constitute an event of default.

(63)	With respect to Mortgage Loan No. 28 (220 Jackson Street), on each monthly payment date, the borrower is required to deposit an amount equal to 1/12th of the insurance premiums that the lender reasonably estimates will be payable for the renewal of the coverages. So long as (i) no event of default has occurred and is then continuing and (ii) the borrower delivers evidence reasonably satisfactory to the lender of the timely payment of all of the insurance premiums, the borrower may deposit an amount equal to the annual estimated insurance amount in cash in order to suspend the monthly insurance deposit obligation during the 12-month period to which such annual estimated insurance amount relates; or, in lieu of, or in replacement of, such deposit of cash, the borrower may deliver to the lender a letter of credit with the face amount equal to such annual estimated insurance amount; provided, the borrower will remain obligated in any event to deposit any additional amounts of which the lender notifies the borrower to be due; and provided, further, the borrower’s monthly insurance deposit obligation will resume immediately following such 12-month period unless the borrower has deposited cash or delivered to the lender a new letter of credit, in either case, in the amount of the annual estimated insurance amount with respect to such subsequent 12-month period. Within the 30-day period immediately following the origination date, the borrower is required to deliver to the lender a letter of credit with a face amount equal to the annual estimated insurance amount. The failure of the borrower to comply with its obligations set forth in the immediately preceding sentence will, at the lender’s option, constitute an event of default.

(64)	With respect to Mortgage Loan No. 28 (220 Jackson Street), on each monthly payment date during a cash management trigger event period, the borrower is required to deposit an amount equal to $365.95 for capital expenditures.

(65)	With respect to Mortgage Loan No. 28 (220 Jackson Street), on each monthly payment date during a cash management trigger event period, the borrower is required to deposit an amount equal to $3,659.50 to pay for tenant allowances, tenant improvements and leasing commissions that may be incurred or required to be reimbursed by the borrower.

(66)	With respect to Mortgage Loan No. 28 (220 Jackson Street), on each monthly payment date during a material tenant trigger event period, the borrower is required to deposit an amount equal to, with respect to the applicable period, the greater of (i) the product of (A) the total rentable square footage demised under all material tenant leases with respect to which (or with respect to the related material tenants or lease guarantors) a material tenant trigger event exists and (B) the ratio in which (1) the numerator is equal to $23.00 and (2) the denominator is equal to 12 and (ii) all material tenant trigger event excess cash for tenant allowances, tenant improvements and leasing commissions that may be incurred or required to be reimbursed by the borrower in connection with leasing material tenant space pursuant to qualified leases. With respect to the existing material tenant trigger event related to the largest tenant, Kokkari Restaurant, the borrower is required to deliver a letter of credit with a face amount equal to $330,000 (the “Kokkari Lease Material Tenant Trigger Event Suspension Letter of Credit”) within 30 days of the origination date, which Kokkari Lease Material Tenant Trigger Event Suspension Letter of Credit, once delivered, will suspend the cash sweep associated with the existing material tenant trigger event related to the Largest Tenant, Kokkari Restaurant. The failure of the borrower to comply with its obligations set forth in the immediately preceding sentence will, at the lender’s option, constitute an event of default.

(67)	With respect to Mortgage Loan No. 28 (220 Jackson Street), the fourth largest tenant, William B. Baner, dba The Baner Companies, is an affiliate of the borrower sponsor and non-recourse carveout guarantors.

(68)	With respect to Mortgage Loan No. 31 (Plymouth Park Apartments), the mortgaged property is marketed as a 55+ living community but is not deed restricted.