BMO 2025-C11 Disclaimer

STATEMENT REGARDING THIS FREE WRITING PROSPECTUS

The depositor has filed a registration statement (including a prospectus) with the Securities and Exchange Commission (‘‘SEC’’) (file no. 333-280224) for the offering to which this communication relates. Before you invest, you should read the prospectus in the registration statement and other documents the depositor has filed with the SEC for more complete information about the depositor, the issuing entity and this offering. You may get these documents for free by visiting EDGAR on the SEC website at www.sec.gov. Alternatively, the depositor or BMO Capital Markets Corp., any other underwriter, or any dealer participating in the offering will arrange to send you the prospectus after filing if you request it by calling toll free 1-866-864-7760 (8 a.m. – 5 p.m. EST).

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herein is preliminary as of the date hereof, supersedes any such information previously delivered to you and will be superseded by any such information subsequently delivered and ultimately by the final prospectus relating to the securities.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

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

The attached information contains certain tables and other statistical analyses (the “Computational Materials”) which have been prepared in reliance upon information furnished by the Mortgage Loan Sellers. Numerous assumptions were used in preparing the Computational Materials, which may or may not be reflected herein. As such, no assurance can be given as to the Computational Materials’ accuracy, appropriateness or completeness in any particular context; or as to whether the Computational Materials and/or the assumptions upon which they are based reflect present market conditions or future market performance. The Computational Materials should not be construed as either projections or predictions or as legal, tax, financial or accounting advice. You should consult your own counsel, accountant and other advisors as to the legal, tax, business, financial and related aspects of a purchase of these securities. Any weighted average lives, yields and principal payment periods shown in the Computational Materials are based on prepayment and/or loss assumptions, and changes in such prepayment and/or loss assumptions may dramatically affect such weighted average lives, yields and principal payment periods. In addition, it is possible that prepayments or losses on the underlying assets will occur at rates higher or lower than the rates shown in the attached Computational Materials. The specific characteristics of the securities may differ from those shown in the Computational Materials due to differences between the final underlying assets and the preliminary underlying assets used in preparing the Computational Materials. The principal amount and designation of any security described in the Computational Materials are subject to change prior to issuance. None of BMO Capital Markets Corp., Barclays Capital Inc., Citigroup Global Markets Inc., Deutsche Bank Securities Inc., Goldman Sachs & Co. LLC, SG Americas Securities, LLC, UBS Securities LLC, Academy Securities, Inc., Bancroft Capital, LLC, Drexel Hamilton, LLC, Mischler Financial Group, Inc., Natixis Securities Americas 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.

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

1	Loan		1	Shops at Mission Viejo	7.2%	100.0%	Barclays, SGFC, CREFI	Barclays, SGFC	Group B	NAP
2	Loan		1	UOVO QPN	7.2%	100.0%	BMO	BMO, GACC	Group A	NAP
3	Loan		1	340 Mt Kemble	6.5%	100.0%	SGFC	SGFC	NAP	NAP
4	Loan		1	Ali'i Place	5.1%	100.0%	UBS AG	UBS AG	NAP	NAP
5	Loan		1	29-33 Ninth Avenue	5.0%	100.0%	UBS AG	UBS AG	NAP	NAP
6	Loan		1	360 Bowery	4.4%	100.0%	GACC	GACC	NAP	NAP
7	Loan		1	299 Park Avenue	4.0%	100.0%	CREFI, JPMCB	CREFI	NAP	NAP
8	Loan		4	FedEx Portfolio	4.0%		BMO	BMO	Group D	NAP
8.01	Property		1	FedEx New Stanton	1.5%	37.5%
8.02	Property		1	FedEx Athens	1.1%	27.4%
8.03	Property		1	FedEx Middleborough	0.9%	21.7%
8.04	Property		1	FedEx Cambridge	0.5%	13.4%
9	Loan		1	UOVO Orangeburg	3.9%	100.0%	BMO	BMO, GACC	Group A	NAP
10	Loan		1	2481 Crotona Avenue	3.7%	100.0%	SMC	SMC	NAP	NAP
11	Loan		4	Seatex Portfolio	3.2%		BMO	BMO	NAP	NAP
11.01	Property		1	Seatex - Rosenberg HQ	1.8%	55.3%
11.02	Property		1	Seatex - Rosenberg Plant	0.6%	20.2%
11.03	Property		1	Seatex - El Campo	0.6%	17.4%
11.04	Property		1	Seatex - Pasadena	0.2%	7.0%
12	Loan		3	HTI Houston Multifamily Portfolio	2.8%		SMC	SMC	NAP	NAP
12.01	Property		1	Innsbruck-Lemoyne Apartments	1.9%	67.5%
12.02	Property		1	Timberline Forest Apartments	0.5%	18.0%
12.03	Property		1	Horizon Apartments	0.4%	14.5%
13	Loan		1	Paramount Hotel Seattle	2.8%	100.0%	LCM	LCM	NAP	NAP
14	Loan		1	224-228 8th Avenue	2.8%	100.0%	CREFI	CREFI	NAP	NAP
15	Loan		1	The Village at Moorpark	2.6%	100.0%	LMF	LMF	NAP	NAP
16	Loan		1	3121 Ocean Avenue	2.5%	100.0%	SMC	SMC	Group E	NAP
17	Loan		1	Outlet Shoppes of the Bluegrass	2.2%	100.0%	GSBI	GSMC	NAP	NAP
18	Loan		1	Michigan & Mitchell	2.0%	100.0%	SGFC	SGFC	Group C	NAP
19	Loan		1	Aloft Ponce	1.8%	100.0%	UBS AG	UBS AG	NAP	NAP
20	Loan		1	Wells Street Portfolio	1.7%	100.0%	SGFC	SGFC	Group C	NAP
21	Loan		1	3001-3003 Grand Concourse	1.6%	100.0%	SGFC	SGFC	NAP	NAP
22	Loan		1	Old Orchard Shopping Center	1.5%	100.0%	BMO	BMO	NAP	NAP
23	Loan		1	Twin Cities Premium Outlets	1.5%	100.0%	Natixis, BANA	Natixis	Group B	NAP
24	Loan		2	Central Florida MHC / RV Portfolio	1.2%		SGFC	SGFC	NAP	NAP
24.01	Property		1	Daytona's Endless Summer Resort	0.7%	53.3%
24.02	Property		1	Sandy Oaks Mobile Home & RV Resort	0.6%	46.7%
25	Loan		1	Hampton & Fond du Lac	1.2%	100.0%	SGFC	SGFC	Group C	NAP
26	Loan		1	Village at Riverstone	1.2%	100.0%	GACC	GACC	NAP	NAP
27	Loan		1	1733 Bay Tower	1.1%	100.0%	SMC	SMC	Group E	NAP
28	Loan		1	Hunter Quarry	1.0%	100.0%	Barclays	Barclays	NAP	NAP
29	Loan		1	Chambers & Villard	1.0%	100.0%	SGFC	SGFC	Group C	NAP
30	Loan		1	Dublin Court Industrial	0.9%	100.0%	SMC	SMC	NAP	NAP
31	Loan		2	Zidan Multifamily Portfolio	0.8%		GSC2	GCMC	Group F	NAP
31.01	Property		1	The Quarter	0.5%	64.1%
31.02	Property		1	The Herweck	0.3%	35.9%
32	Loan		1	Shore Terrace Cooperative, Inc.	0.7%	100.0%	NCCB	NCB	NAP	NAP
33	Loan		1	The Arches Apartments	0.7%	100.0%	GSC2	GCMC	Group F	NAP
34	Loan		1	1014 Ogden Avenue	0.7%	100.0%	LMF	LMF	NAP	NAP
35	Loan		1	34-15 Properties Ltd.	0.6%	100.0%	NCCB	NCB	NAP	NAP
36	Loan		1	Storage Xxtra Westridge	0.6%	100.0%	SMC	SMC	NAP	NAP
37	Loan		1	510 East 86th Street Owners, Inc.	0.6%	100.0%	NCCB	NCB	NAP	NAP
38	Loan		1	800 Grand Concourse Owners, Inc.	0.6%	100.0%	NCCB	NCB	NAP	NAP
39	Loan		1	Sherbrooke Smithtown Owners Corp.	0.5%	100.0%	NCCB	NCB	NAP	NAP
40	Loan		1	37-31 73rd Street Owners Corp.	0.5%	100.0%	NCCB	NCB	NAP	NAP
41	Loan		1	Birchleaf Apartments	0.5%	100.0%	GSC2	GCMC	Group F	NAP
42	Loan		1	1040 Neilson Street Owners Corp.	0.5%	100.0%	NCB	NCB	NAP	NAP
43	Loan		1	Jefferson Avenue Owners' Corp.	0.5%	100.0%	NCCB	NCB	NAP	NAP
44	Loan		1	FedEx Enid	0.5%	100.0%	BMO	BMO	Group D	NAP
45	Loan		1	290 East 56th Avenue	0.4%	100.0%	SMC	SMC	NAP	NAP
46	Loan		1	100 Randall Avenue Owners Corp.	0.4%	100.0%	NCCB	NCB	NAP	NAP
47	Loan		1	6035 Broadway Owners Corp.	0.4%	100.0%	NCCB	NCB	NAP	NAP
48	Loan		1	Netherland Gardens Owners, Inc. a/k/a Netherland Gardens Owners Inc.	0.3%	100.0%	NCCB	NCB	NAP	NAP
49	Loan		1	620 Broadway Housing Corp.	0.3%	100.0%	NCCB	NCB	NAP	NAP
50	Loan		1	3210 Arlington Ave. Owners Corp.	0.3%	100.0%	NCCB	NCB	NAP	NAP
51	Loan		1	109-111 N. Broadway Apt. Corp.	0.3%	100.0%	NCCB	NCB	NAP	NAP
52	Loan		1	Grand Street Artists Cooperative, Inc.	0.2%	100.0%	NCCB	NCB	NAP	NAP
53	Loan		1	Westminster Hall Apartments Corp.	0.2%	100.0%	NCB	NCB	NAP	NAP
54	Loan		1	Hearth House Owners Corp.	0.2%	100.0%	NCCB	NCB	NAP	NAP
55	Loan		1	7 Great Jones Corp.	0.2%	100.0%	NCCB	NCB	NAP	NAP
56	Loan		1	50-21 Owners Ltd.	0.2%	100.0%	NCCB	NCB	NAP	NAP
57	Loan		1	24-26 East 82nd Street Tenants Corp.	0.2%	100.0%	NCB	NCB	NAP	NAP
58	Loan		1	Charles St. Tenants Corp.	0.2%	100.0%	NCB	NCB	NAP	NAP
59	Loan		1	302 Convent Avenue Housing Development Fund Corporation	0.2%	100.0%	NCCB	NCB	NAP	NAP
60	Loan		1	241 West 108 Ltd.	0.2%	100.0%	NCCB	NCB	NAP	NAP
61	Loan		1	Waters at West End, Inc.	0.1%	100.0%	NCCB	NCB	NAP	NAP
62	Loan		1	58 Grace Avenue Corp.	0.1%	100.0%	NCCB	NCB	NAP	NAP
63	Loan		1	205 Bleeker St. Owners Corp.	0.1%	100.0%	NCCB	NCB	NAP	NAP

Loan ID Number	Loan / Property Flag	Footnotes (for Loan and Property Information)	# of Properties	Property Name	Address	City

1	Loan		1	Shops at Mission Viejo	555 The Shops at Mission Viejo	Mission Viejo
2	Loan		1	UOVO QPN	41-45 21st Street and 41-54 22nd Street	Long Island City
3	Loan		1	340 Mt Kemble	340 Mount Kemble Avenue	Morris Township
4	Loan		1	Ali'i Place	1099 Alakea Street	Honolulu
5	Loan		1	29-33 Ninth Avenue	29-33 Ninth Avenue	New York
6	Loan		1	360 Bowery	360 Bowery	New York
7	Loan		1	299 Park Avenue	299 Park Avenue	New York
8	Loan		4	FedEx Portfolio	Various	Various
8.01	Property		1	FedEx New Stanton	2000 Labonte Drive	Hunker
8.02	Property		1	FedEx Athens	1655 Olympic Drive	Athens
8.03	Property		1	FedEx Middleborough	17 Cowan Drive	Middleborough
8.04	Property		1	FedEx Cambridge	8705 Commerce Drive	Cambridge
9	Loan		1	UOVO Orangeburg	33 Kings Highway	Orangetown
10	Loan		1	2481 Crotona Avenue	2481 Crotona Avenue	Bronx
11	Loan		4	Seatex Portfolio	Various	Various
11.01	Property		1	Seatex - Rosenberg HQ	445 TX-36	Rosenberg
11.02	Property		1	Seatex - Rosenberg Plant	239 Highway 36	Rosenberg
11.03	Property		1	Seatex - El Campo	1102 North Blue Creek Road	El Campo
11.04	Property		1	Seatex - Pasadena	9730 Bay Area Boulevard	Pasadena
12	Loan		3	HTI Houston Multifamily Portfolio	Various	Various
12.01	Property		1	Innsbruck-Lemoyne Apartments	4603 Sherwood Lane	Houston
12.02	Property		1	Timberline Forest Apartments	1503 Sherwood Forest Street	Houston
12.03	Property		1	Horizon Apartments	1311 Beaumont Road	Baytown
13	Loan		1	Paramount Hotel Seattle	724 Pine Street	Seattle
14	Loan		1	224-228 8th Avenue	224-228 8th Avenue	New York
15	Loan		1	The Village at Moorpark	706-790 Los Angeles Avenue	Moorpark
16	Loan		1	3121 Ocean Avenue	3121 Ocean Avenue	Brooklyn
17	Loan		1	Outlet Shoppes of the Bluegrass	1155 Buck Creek Road	Simpsonville
18	Loan		1	Michigan & Mitchell	1607 and 1656 South 8th Street, 1616 South 11th Street, 1655 South 17th Street, 2130 South 7th Street, 2309 West National Avenue, 2603, 2613 and 2621 West Michigan Street, 528 North 27th Street	Milwaukee
19	Loan		1	Aloft Ponce	Carr #2 Km. 228.9	Ponce
20	Loan		1	Wells Street Portfolio	3010, 3103, 3104, 3110, 3118 - 3124 and 3227 West Wells Street, 834 North 32nd Street	Milwaukee
21	Loan		1	3001-3003 Grand Concourse	3001-3003 Grand Concourse	Bronx
22	Loan		1	Old Orchard Shopping Center	23335 Lyons Avenue	Santa Clarita
23	Loan		1	Twin Cities Premium Outlets	3965 Eagan Outlets Parkway	Eagan
24	Loan		2	Central Florida MHC / RV Portfolio	Various	Various
24.01	Property		1	Daytona's Endless Summer Resort	3520 South Nova Road	Port Orange
24.02	Property		1	Sandy Oaks Mobile Home & RV Resort	6760 North Lecanto Highway	Beverly Hills
25	Loan		1	Hampton & Fond du Lac	6330 West Florist Avenue, 9905 West Fond Du Lac Avenue, 4264 North 27th Street, 6924 West Hampton Avenue, 9420 West Beckett Avenue, 9400-9402 and 9505-9507 West Beckett Avenue, 9402 West Sheridan Avenue, 9825-9831 West Carmen Avenue, 4522 West Hampton Avenue, 6930 West Appleton Avenue	Milwaukee
26	Loan		1	Village at Riverstone	2416 North Old Mill Loop	Coeur D'Alene
27	Loan		1	1733 Bay Tower	1733 Sheepshead Bay Road	Brooklyn
28	Loan		1	Hunter Quarry	986 South Copper Beech Way	Bloomington
29	Loan		1	Chambers & Villard	4409 North 88th Street, 4461 and 4471 North 84th Street, 4562-4572 North Sherman Boulevard, 4852 North 60th Street, 4964 and 5222 North 55th Street, 5446, 5456, and 5462 North Hopkins Street, 5641 North 62nd Street, 5820 West Keefe Avenue, 5859-5861 North 69th Street, 6230 West Chambers Street, 8806 and 8904 West Villard Avenue and 9017 and 9116 West Congress Street	Milwaukee
30	Loan		1	Dublin Court Industrial	13641 Dublin Court	Stafford
31	Loan		2	Zidan Multifamily Portfolio	Various	San Antonio
31.01	Property		1	The Quarter	1779 Nacogdoches Road	San Antonio
31.02	Property		1	The Herweck	231 Herweck Drive	San Antonio
32	Loan		1	Shore Terrace Cooperative, Inc.	2717-2741 East 28th Street, a/k/a 3655-3677 Shore Parkway, a/k/a 3978-3992 Nostrand Avenue	Brooklyn
33	Loan		1	The Arches Apartments	215 Jackson Keller Road	San Antonio
34	Loan		1	1014 Ogden Avenue	1014 Ogden Avenue	Bronx
35	Loan		1	34-15 Properties Ltd.	34-15 74th Street and 34-10 75th Street	Jackson Heights
36	Loan		1	Storage Xxtra Westridge	155 Westridge Parkway	McDonough
37	Loan		1	510 East 86th Street Owners, Inc.	510 East 86th Street	New York
38	Loan		1	800 Grand Concourse Owners, Inc.	800 Grand Concourse	Bronx
39	Loan		1	Sherbrooke Smithtown Owners Corp.	355 Route 111	Smithtown
40	Loan		1	37-31 73rd Street Owners Corp.	37-31 73rd Street	Jackson Heights
41	Loan		1	Birchleaf Apartments	202 Birchleaf Street	San Antonio
42	Loan		1	1040 Neilson Street Owners Corp.	10-36/10-48 Neilson Street a/k/a 1040 Neilson Street	Far Rockaway
43	Loan		1	Jefferson Avenue Owners' Corp.	1 Jefferson Avenue	Rockville Centre
44	Loan		1	FedEx Enid	302 North 54th Street	Enid
45	Loan		1	290 East 56th Avenue	290 East 56th Avenue	Anchorage
46	Loan		1	100 Randall Avenue Owners Corp.	100 Randall Avenue	Freeport
47	Loan		1	6035 Broadway Owners Corp.	6035 Broadway a/k/a 4450 Post Road and 6037/6053 Broadway	Bronx
48	Loan		1	Netherland Gardens Owners, Inc. a/k/a Netherland Gardens Owners Inc.	2 Soundview Avenue and 205 West Post Road	White Plains
49	Loan		1	620 Broadway Housing Corp.	620 Broadway	New York
50	Loan		1	3210 Arlington Ave. Owners Corp.	3210 Arlington Avenue a/k/a 3200 Arlington Avenue	Bronx
51	Loan		1	109-111 N. Broadway Apt. Corp.	109-111 North Broadway	White Plains
52	Loan		1	Grand Street Artists Cooperative, Inc.	64-70 Grand Street a/k/a 29-33 Wooster Street	New York
53	Loan		1	Westminster Hall Apartments Corp.	4 Maple Drive	Great Neck
54	Loan		1	Hearth House Owners Corp.	48-50 Avenue A	New York
55	Loan		1	7 Great Jones Corp.	7 Great Jones Street	New York
56	Loan		1	50-21 Owners Ltd.	50-21 39th Place	Sunnyside
57	Loan		1	24-26 East 82nd Street Tenants Corp.	24-26 East 82nd Street a/k/a 1082-1090 Madison Avenue a/k/a 24 East 82nd Street	New York
58	Loan		1	Charles St. Tenants Corp.	151-157 Charles Street	New York
59	Loan		1	302 Convent Avenue Housing Development Fund Corporation	302 Convent Avenue	New York
60	Loan		1	241 West 108 Ltd.	241-245 West 108th Street	New York
61	Loan		1	Waters at West End, Inc.	116-118 West End Avenue	Freeport
62	Loan		1	58 Grace Avenue Corp.	58 Grace Avenue	Great Neck
63	Loan		1	205 Bleeker St. Owners Corp.	205/209 Bleecker Street a/k/a 1/3 Minetta Street	New York

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

1	Loan		1	Shops at Mission Viejo	Orange	CA	92691	Retail	Super Regional Mall	1979	2000, 2021	1,012,005	SF
2	Loan		1	UOVO QPN	Queens	NY	11101	Self Storage	Self Storage	2013	NAP	281,494	SF
3	Loan		1	340 Mt Kemble	Morris	NJ	07961	Office	Suburban	1982	2021	413,261	SF
4	Loan		1	Ali'i Place	Honolulu	HI	96813	Office	CBD	1992	NAP	337,370	SF
5	Loan		1	29-33 Ninth Avenue	New York	NY	10014	Mixed Use	Retail	1903	2003	87,537	SF
6	Loan		1	360 Bowery	New York	NY	10012	Other	Leased Fee	NAP	NAP	8,707	SF
7	Loan		1	299 Park Avenue	New York	NY	10171	Office	CBD	1966	2020	1,176,837	SF
8	Loan		4	FedEx Portfolio	Various	Various	Various	Industrial	Warehouse/Distribution	Various	NAP	438,592	SF
8.01	Property		1	FedEx New Stanton	Westmoreland	PA	15639	Industrial	Warehouse/Distribution	2006	NAP	140,985	SF
8.02	Property		1	FedEx Athens	Clarke	GA	30606	Industrial	Warehouse/Distribution	2006	NAP	140,218	SF
8.03	Property		1	FedEx Middleborough	Plymouth	MA	02346	Industrial	Warehouse/Distribution	2005	NAP	73,137	SF
8.04	Property		1	FedEx Cambridge	Guernsey	OH	43725	Industrial	Warehouse/Distribution	2006-2014	NAP	84,252	SF
9	Loan		1	UOVO Orangeburg	Rockland	NY	10962	Self Storage	Self Storage	1972	2014	102,446	SF
10	Loan		1	2481 Crotona Avenue	Bronx	NY	10458	Multifamily	High Rise	2023	NAP	90	Units
11	Loan		4	Seatex Portfolio	Various	TX	Various	Industrial	Distribution/Manufacturing	Various	Various	435,227	SF
11.01	Property		1	Seatex - Rosenberg HQ	Fort Bend	TX	77471	Industrial	Distribution/Manufacturing	1996	NAP	237,910	SF
11.02	Property		1	Seatex - Rosenberg Plant	Fort Bend	TX	77471	Industrial	Distribution/Manufacturing	1990	NAP	81,320	SF
11.03	Property		1	Seatex - El Campo	Wharton	TX	77437	Industrial	Distribution/Manufacturing	1980	2018	91,000	SF
11.04	Property		1	Seatex - Pasadena	Harris	TX	77507	Industrial	Distribution/Manufacturing	1998	2022	24,997	SF
12	Loan		3	HTI Houston Multifamily Portfolio	Harris	TX	Various	Multifamily	Garden	Various	Various	393	Units
12.01	Property		1	Innsbruck-Lemoyne Apartments	Harris	TX	77092	Multifamily	Garden	1970	2020	248	Units
12.02	Property		1	Timberline Forest Apartments	Harris	TX	77043	Multifamily	Garden	1973	2018	65	Units
12.03	Property		1	Horizon Apartments	Harris	TX	77520	Multifamily	Garden	1970	2017	80	Units
13	Loan		1	Paramount Hotel Seattle	King	WA	98101	Hospitality	Full Service	1996	NAP	146	Rooms
14	Loan		1	224-228 8th Avenue	New York	NY	10011	Multifamily	Mid Rise	1920	2024	41	Units
15	Loan		1	The Village at Moorpark	Ventura	CA	93021	Retail	Anchored	2006	NAP	130,372	SF
16	Loan		1	3121 Ocean Avenue	Kings	NY	11235	Mixed Use	Retail/Office	2024	NAP	57,320	SF
17	Loan		1	Outlet Shoppes of the Bluegrass	Shelby	KY	40067	Retail	Outlet Center	2014, 2015	NAP	428,074	SF
18	Loan		1	Michigan & Mitchell	Milwaukee	WI	53204, 53215, 53233	Multifamily	Garden	1928, 1962, 1963, 1965, 1966, 1971, 1972	2022	195	Units
19	Loan		1	Aloft Ponce	NAP	PR	00717	Hospitality	Full Service	2021	NAP	152	Rooms
20	Loan		1	Wells Street Portfolio	Milwaukee	WI	53208	Multifamily	Garden	1908, 1922, 1923, 1924, 1960, 1961	2022	163	Units
21	Loan		1	3001-3003 Grand Concourse	Bronx	NY	10468	Multifamily	Mid Rise	2024	NAP	44	Units
22	Loan		1	Old Orchard Shopping Center	Los Angeles	CA	91355	Retail	Anchored	1966	2011	101,066	SF
23	Loan		1	Twin Cities Premium Outlets	Dakota	MN	55122	Retail	Outlet Center	2014	NAP	406,125	SF
24	Loan		2	Central Florida MHC / RV Portfolio	Various	FL	Various	Manufactured Housing	Various	Various		456	Pads
24.01	Property		1	Daytona's Endless Summer Resort	Volusia	FL	32129	Manufactured Housing	RV Park	1968	NAP	232	Pads
24.02	Property		1	Sandy Oaks Mobile Home & RV Resort	Citrus	FL	34465	Manufactured Housing	Manufactured Housing/RV Park	1983	NAP	224	Pads
25	Loan		1	Hampton & Fond du Lac	Milwaukee	WI	53216, 53218, 53224, 53225	Multifamily	Garden	1956-1974	2019	109	Units
26	Loan		1	Village at Riverstone	Kootenai	ID	83814	Retail	Anchored	2005	NAP	81,532	SF
27	Loan		1	1733 Bay Tower	Kings	NY	11235	Office	Urban	1927	2010	29,097	SF
28	Loan		1	Hunter Quarry	Monroe	IN	47403	Multifamily	Garden	2005	2017	107	Units
29	Loan		1	Chambers & Villard	Milwaukee	WI	53209, 53210, 53216, 53218, 53225	Multifamily	Garden	1946, 1952, 1954, 1956, 1958, 1959, 1960. 1961, 1971	2022	91	Units
30	Loan		1	Dublin Court Industrial	Fort Bend	TX	77477	Industrial	Warehouse/Distribution	2007	NAP	87,500	SF
31	Loan		2	Zidan Multifamily Portfolio	Bexar	TX	Various	Multifamily	Garden	Various	Various	80	Units
31.01	Property		1	The Quarter	Bexar	TX	78209	Multifamily	Garden	1966	2019-2021	46	Units
31.02	Property		1	The Herweck	Bexar	TX	78213	Multifamily	Garden	1964	2021	34	Units
32	Loan		1	Shore Terrace Cooperative, Inc.	Kings	NY	11209	Multifamily	Cooperative	1956	2004	240	Units
33	Loan		1	The Arches Apartments	Bexar	TX	78216	Multifamily	Garden	1969	2020	70	Units
34	Loan		1	1014 Ogden Avenue	Bronx	NY	10452	Mixed Use	Multifamily/Retail	2024	NAP	17	Units
35	Loan		1	34-15 Properties Ltd.	Queens	NY	11372	Multifamily	Cooperative	1950	2003	160	Units
36	Loan		1	Storage Xxtra Westridge	Henry	GA	30253	Self Storage	Self Storage	2006	NAP	92,875	SF
37	Loan		1	510 East 86th Street Owners, Inc.	New York	NY	10028	Multifamily	Cooperative	1957	1999	89	Units
38	Loan		1	800 Grand Concourse Owners, Inc.	Bronx	NY	10451	Multifamily	Cooperative	1955	2024	250	Units
39	Loan		1	Sherbrooke Smithtown Owners Corp.	Suffolk	NY	11787	Multifamily	Cooperative	1960	2014	48	Units
40	Loan		1	37-31 73rd Street Owners Corp.	Queens	NY	11372	Multifamily	Cooperative	1962	1994	154	Units
41	Loan		1	Birchleaf Apartments	Bexar	TX	78216	Multifamily	Garden	1960	2003	48	Units
42	Loan		1	1040 Neilson Street Owners Corp.	Queens	NY	11691	Multifamily	Cooperative	1956	2006	84	Units
43	Loan		1	Jefferson Avenue Owners' Corp.	Nassau	NY	11570	Multifamily	Cooperative	1948	2002	120	Units
44	Loan		1	FedEx Enid	Garfield	OK	73701	Industrial	Warehouse/Distribution	2015	NAP	47,842	SF
45	Loan		1	290 East 56th Avenue	Anchorage	AK	99518	Multifamily	Townhomes	2009	2013	22	Units
46	Loan		1	100 Randall Avenue Owners Corp.	Nassau	NY	11520	Multifamily	Cooperative	1961	2021	44	Units
47	Loan		1	6035 Broadway Owners Corp.	Bronx	NY	10471	Multifamily	Cooperative	1961	2001	103	Units
48	Loan		1	Netherland Gardens Owners, Inc. a/k/a Netherland Gardens Owners Inc.	Westchester	NY	10606	Multifamily	Cooperative	1949	2014	58	Units
49	Loan		1	620 Broadway Housing Corp.	New York	NY	10012	Multifamily	Cooperative	1858	2004	11	Units
50	Loan		1	3210 Arlington Ave. Owners Corp.	Bronx	NY	10463	Multifamily	Cooperative	1953	2004	66	Units
51	Loan		1	109-111 N. Broadway Apt. Corp.	Westchester	NY	10603	Multifamily	Cooperative	1948	2004	51	Units
52	Loan		1	Grand Street Artists Cooperative, Inc.	New York	NY	10013	Multifamily	Cooperative	1884	2024	18	Units
53	Loan		1	Westminster Hall Apartments Corp.	Nassau	NY	11021	Multifamily	Cooperative	1929	2016	95	Units
54	Loan		1	Hearth House Owners Corp.	New York	NY	10009	Multifamily	Cooperative	1903	2008	17	Units
55	Loan		1	7 Great Jones Corp.	New York	NY	10012	Multifamily	Cooperative	1897	2003	6	Units
56	Loan		1	50-21 Owners Ltd.	Queens	NY	11104	Multifamily	Cooperative	1960	1994	50	Units
57	Loan		1	24-26 East 82nd Street Tenants Corp.	New York	NY	10028	Multifamily	Cooperative	1900	2016	11	Units
58	Loan		1	Charles St. Tenants Corp.	New York	NY	10014	Multifamily	Cooperative	1979	2013	12	Units
59	Loan		1	302 Convent Avenue Housing Development Fund Corporation	New York	NY	10031	Multifamily	Cooperative	1912	2016	42	Units
60	Loan		1	241 West 108 Ltd.	New York	NY	10025	Multifamily	Cooperative	1910	2002	36	Units
61	Loan		1	Waters at West End, Inc.	Nassau	NY	11520	Multifamily	Cooperative	1984	2004	40	Units
62	Loan		1	58 Grace Avenue Corp.	Nassau	NY	11021	Multifamily	Cooperative	1948	2021	36	Units
63	Loan		1	205 Bleeker St. Owners Corp.	New York	NY	10012	Multifamily	Cooperative	1926	1999	23	Units

Loan ID Number	Loan / Property Flag	Footnotes (for Loan and Property Information)	# of Properties	Property Name	Loan Per Unit ($)	Original Balance ($)	Cut-off Date Balance ($)	Maturity/ARD Balance ($)	Interest Rate %	Administrative Fee Rate %	Net Mortgage Rate %	Monthly Debt Service (P&I) ($)	Monthly Debt Service (IO) ($)	Annual Debt Service (P&I) ($)	Annual Debt Service (IO) ($)

1	Loan		1	Shops at Mission Viejo	177.86	65,000,000	65,000,000	61,363,043	6.72500%			420,509.15	369,330.15	5,046,109.92	4,431,961.80
2	Loan		1	UOVO QPN	508.00	65,000,000	65,000,000	65,000,000	6.48500%			NAP	356,149.59	NAP	4,273,795.08
3	Loan		1	340 Mt Kemble	176.52	59,000,000	59,000,000	52,061,111	6.94100%			431,056.21	346,005.64	5,172,674.50	4,152,067.68
4	Loan		1	Ali'i Place	138.05	46,575,000	46,575,000	46,575,000	7.02200%			NAP	276,326.67	NAP	3,315,920.04
5	Loan		1	29-33 Ninth Avenue	1,542.21	45,000,000	45,000,000	45,000,000	6.44000%			NAP	244,854.17	NAP	2,938,250.04
6	Loan		1	360 Bowery	4,594.00	40,000,000	40,000,000	40,000,000	6.53700%			NAP	220,926.39	NAP	2,651,116.68
7	Loan		1	299 Park Avenue	424.87	36,000,000	36,000,000	36,000,000	5.95340907%			NAP	181,082.86	NAP	2,172,994.32
8	Loan		4	FedEx Portfolio	82.08	36,000,000	36,000,000	36,000,000	7.01000%			NAP	213,220.83	NAP	2,558,649.96
8.01	Property		1	FedEx New Stanton		13,513,094	13,513,094	13,513,094
8.02	Property		1	FedEx Athens		9,846,751	9,846,751	9,846,751
8.03	Property		1	FedEx Middleborough		7,821,532	7,821,532	7,821,532
8.04	Property		1	FedEx Cambridge		4,818,623	4,818,623	4,818,623
9	Loan		1	UOVO Orangeburg	341.64	35,000,000	35,000,000	35,000,000	6.48500%			NAP	191,772.86	NAP	2,301,274.32
10	Loan		1	2481 Crotona Avenue	369,444.44	33,250,000	33,250,000	30,406,599	6.64000%			213,233.28	186,538.66	2,558,799.36	2,238,463.89
11	Loan		4	Seatex Portfolio	66.46	28,925,000	28,925,000	28,925,000	6.65000%			NAP	162,519.00	NAP	1,950,228.00
11.01	Property		1	Seatex - Rosenberg HQ		16,003,714	16,003,714	16,003,714
11.02	Property		1	Seatex - Rosenberg Plant		5,853,498	5,853,498	5,853,498
11.03	Property		1	Seatex - El Campo		5,043,972	5,043,972	5,043,972
11.04	Property		1	Seatex - Pasadena		2,023,816	2,023,816	2,023,816
12	Loan		3	HTI Houston Multifamily Portfolio	64,376.59	25,300,000	25,300,000	25,300,000	7.60500%			NAP	162,565.68	NAP	1,950,788.13
12.01	Property		1	Innsbruck-Lemoyne Apartments		17,083,411	17,083,411	17,083,411
12.02	Property		1	Timberline Forest Apartments		4,551,636	4,551,636	4,551,636
12.03	Property		1	Horizon Apartments		3,664,953	3,664,953	3,664,953
13	Loan		1	Paramount Hotel Seattle	171,232.88	25,000,000	25,000,000	25,000,000	6.42500%			NAP	135,713.25	NAP	1,628,559.00
14	Loan		1	224-228 8th Avenue	609,756.10	25,000,000	25,000,000	25,000,000	6.35000%			NAP	134,129.05	NAP	1,609,548.60
15	Loan		1	The Village at Moorpark	183.90	23,975,000	23,975,000	23,975,000	6.82000%			NAP	138,150.39	NAP	1,657,804.68
16	Loan		1	3121 Ocean Avenue	388.17	22,250,000	22,250,000	22,250,000	6.86000%			NAP	128,962.44	NAP	1,547,549.31
17	Loan		1	Outlet Shoppes of the Bluegrass	153.84	20,000,000	19,956,546	17,361,577	6.83800%			130,891.68	NAP	1,570,700.16	NAP
18	Loan		1	Michigan & Mitchell	94,867.75	18,540,000	18,499,212	16,072,936	6.78900%			120,731.11	NAP	1,448,773.32	NAP
19	Loan		1	Aloft Ponce	105,263.16	16,000,000	16,000,000	0	6.99000%			185,691.12	NAP	2,228,293.44	NAP
20	Loan		1	Wells Street Portfolio	95,396.52	15,560,000	15,549,633	13,488,290	6.78700%			101,304.85	NAP	1,215,658.20	NAP
21	Loan		1	3001-3003 Grand Concourse	334,090.91	14,700,000	14,700,000	14,700,000	7.05900%			NAP	87,673.76	NAP	1,052,085.12
22	Loan		1	Old Orchard Shopping Center	137.53	13,900,000	13,900,000	13,900,000	6.96500%			NAP	81,798.44	NAP	981,581.28
23	Loan		1	Twin Cities Premium Outlets	233.92	13,250,000	13,250,000	13,250,000	6.69600%			NAP	74,961.88	NAP	899,542.56
24	Loan		2	Central Florida MHC / RV Portfolio	24,780.70	11,300,000	11,300,000	11,300,000	6.98700%			NAP	66,708.06	NAP	800,496.72
24.01	Property		1	Daytona's Endless Summer Resort		6,027,000	6,027,000	6,027,000
24.02	Property		1	Sandy Oaks Mobile Home & RV Resort		5,273,000	5,273,000	5,273,000
25	Loan		1	Hampton & Fond du Lac	102,568.81	11,180,000	11,180,000	9,756,623	7.04400%			74,711.48	NAP	896,537.76	NAP
26	Loan		1	Village at Riverstone	130.75	10,660,000	10,660,000	10,660,000	6.92500%			NAP	62,371.49	NAP	748,457.88
27	Loan		1	1733 Bay Tower	343.68	10,000,000	10,000,000	10,000,000	6.79000%			NAP	57,369.21	NAP	688,430.56
28	Loan		1	Hunter Quarry	87,850.47	9,400,000	9,400,000	9,400,000	7.26700%			NAP	57,715.46	NAP	692,585.52
29	Loan		1	Chambers & Villard	100,879.12	9,180,000	9,180,000	8,006,830	7.02300%			61,216.64	NAP	734,599.68	NAP
30	Loan		1	Dublin Court Industrial	97.14	8,500,000	8,500,000	8,500,000	7.27000%			NAP	52,211.05	NAP	626,532.64
31	Loan		2	Zidan Multifamily Portfolio	95,000.00	7,600,000	7,600,000	7,600,000	7.70000%			NAP	49,443.98	NAP	593,327.76
31.01	Property		1	The Quarter		4,870,000	4,870,000	4,870,000
31.02	Property		1	The Herweck		2,730,000	2,730,000	2,730,000
32	Loan		1	Shore Terrace Cooperative, Inc.	27,014.27	6,500,000	6,483,424	5,541,651	6.19000%			39,768.31	NAP	477,219.72	NAP
33	Loan		1	The Arches Apartments	91,428.57	6,400,000	6,400,000	6,400,000	6.93000%			NAP	37,473.33	NAP	449,679.96
34	Loan		1	1014 Ogden Avenue	352,941.18	6,000,000	6,000,000	5,269,592	7.29000%			41,093.49	NAP	493,121.88	NAP
35	Loan		1	34-15 Properties Ltd.	34,356.43	5,500,000	5,497,029	5,156,422	6.42000%			31,887.19	NAP	382,646.28	NAP
36	Loan		1	Storage Xxtra Westridge	54.91	5,100,000	5,100,000	5,100,000	5.93500%			NAP	25,574.08	NAP	306,888.96
37	Loan		1	510 East 86th Street Owners, Inc.	56,179.78	5,000,000	5,000,000	5,000,000	6.61000%			NAP	27,924.19	NAP	335,090.28
38	Loan		1	800 Grand Concourse Owners, Inc.	19,963.75	5,000,000	4,990,937	3,360,670	6.67000%			37,780.76	NAP	453,369.12	NAP
39	Loan		1	Sherbrooke Smithtown Owners Corp.	100,000.00	4,800,000	4,800,000	4,529,001	6.75000%			28,961.13	NAP	347,533.56	NAP
40	Loan		1	37-31 73rd Street Owners Corp.	29,849.24	4,600,000	4,596,783	3,969,425	6.62000%			29,439.10	NAP	353,269.20	NAP
41	Loan		1	Birchleaf Apartments	95,208.33	4,570,000	4,570,000	4,570,000	7.36000%			NAP	28,418.63	NAP	341,023.56
42	Loan		1	1040 Neilson Street Owners Corp.	52,412.15	4,405,000	4,402,621	4,129,825	6.42000%			25,538.74	NAP	306,464.88	NAP
43	Loan		1	Jefferson Avenue Owners' Corp.	35,416.67	4,250,000	4,250,000	4,250,000	6.30000%			NAP	22,622.40	NAP	271,468.80
44	Loan		1	FedEx Enid	87.79	4,200,000	4,200,000	4,200,000	7.20000%			NAP	25,550.00	NAP	306,600.00
45	Loan		1	290 East 56th Avenue	170,454.55	3,750,000	3,750,000	3,564,590	7.32000%			25,759.90	23,192.71	309,118.80	278,312.50
46	Loan		1	100 Randall Avenue Owners Corp.	73,275.49	3,225,000	3,224,122	3,021,973	6.40000%			18,651.71	NAP	223,820.52	NAP
47	Loan		1	6035 Broadway Owners Corp.	31,125.60	3,250,000	3,205,937	1,438,273	5.84000%			27,145.21	NAP	325,742.52	NAP
48	Loan		1	Netherland Gardens Owners, Inc. a/k/a Netherland Gardens Owners Inc.	49,975.96	2,900,000	2,898,606	2,729,894	6.62000%			17,226.77	NAP	206,721.24	NAP
49	Loan		1	620 Broadway Housing Corp.	245,454.55	2,700,000	2,700,000	2,700,000	6.77000%			NAP	15,444.06	NAP	185,328.72
50	Loan		1	3210 Arlington Ave. Owners Corp.	37,878.79	2,500,000	2,500,000	2,155,824	6.60000%			15,966.47	NAP	191,597.64	NAP
51	Loan		1	109-111 N. Broadway Apt. Corp.	49,005.35	2,500,000	2,499,273	2,336,762	6.28000%			14,246.39	NAP	170,956.68	NAP
52	Loan		1	Grand Street Artists Cooperative, Inc.	113,720.38	2,050,000	2,046,967	1,759,887	6.43000%			12,863.17	NAP	154,358.04	NAP
53	Loan		1	Westminster Hall Apartments Corp.	21,473.68	2,040,000	2,040,000	2,040,000	6.51000%			NAP	11,220.71	NAP	134,648.52
54	Loan		1	Hearth House Owners Corp.	117,647.06	2,000,000	2,000,000	1,881,511	6.60000%			11,851.91	NAP	142,222.92	NAP
55	Loan		1	7 Great Jones Corp.	299,568.37	1,800,000	1,797,410	1,549,594	6.53000%			11,412.76	NAP	136,953.12	NAP
56	Loan		1	50-21 Owners Ltd.	34,992.21	1,750,000	1,749,611	1,651,069	6.74000%			10,546.16	NAP	126,553.92	NAP
57	Loan		1	24-26 East 82nd Street Tenants Corp.	150,000.00	1,650,000	1,650,000	1,650,000	6.44000%			NAP	8,977.99	NAP	107,735.88
58	Loan		1	Charles St. Tenants Corp.	128,701.24	1,550,000	1,544,415	1,310,060	5.89000%			9,183.70	NAP	110,204.40	NAP
59	Loan		1	302 Convent Avenue Housing Development Fund Corporation	35,691.00	1,500,000	1,499,022	1,302,843	6.86000%			9,838.90	NAP	118,066.80	NAP
60	Loan		1	241 West 108 Ltd.	41,613.45	1,500,000	1,498,084	1,305,817	6.94000%			9,919.17	NAP	119,030.04	NAP
61	Loan		1	Waters at West End, Inc.	26,875.00	1,075,000	1,075,000	932,067	6.80000%			7,008.20	NAP	84,098.40	NAP
62	Loan		1	58 Grace Avenue Corp.	27,777.78	1,000,000	1,000,000	1,000,000	6.56000%			NAP	5,542.59	NAP	66,511.08
63	Loan		1	205 Bleeker St. Owners Corp.	43,415.00	1,000,000	998,545	859,925	6.49000%			6,314.11	NAP	75,769.32	NAP

Loan ID Number	Loan / Property Flag	Footnotes (for Loan and Property Information)	# of Properties	Property Name	Amortization Type	ARD Loan (Yes / No)	Interest Accrual Method	Original Interest-Only Period (Mos.)	Remaining Interest-Only Period (Mos.)	Original Term To Maturity / ARD (Mos.)	Remaining Term To Maturity / ARD (Mos.)	Original Amortization Term (Mos.)	Remaining Amortization Term (Mos.)	Origination Date	Seasoning (Mos.)

1	Loan		1	Shops at Mission Viejo	Interest Only, Amortizing Balloon	No	Actual/360	60	59	120	119	360	360	12/4/2024	1
2	Loan		1	UOVO QPN	Interest Only	No	Actual/360	120	120	120	120	0	0	1/22/2025	0
3	Loan		1	340 Mt Kemble	Interest Only, Amortizing Balloon, Interest Only	No	Actual/360	53	53	120	120	272	272	1/21/2025	0
4	Loan		1	Ali'i Place	Interest Only	No	Actual/360	120	120	120	120	0	0	1/23/2025	0
5	Loan		1	29-33 Ninth Avenue	Interest Only	No	Actual/360	120	120	120	120	0	0	2/3/2025	0
6	Loan		1	360 Bowery	Interest Only	No	Actual/360	120	120	120	120	0	0	1/31/2025	0
7	Loan		1	299 Park Avenue	Interest Only	No	Actual/360	120	120	120	120	0	0	2/7/2025	0
8	Loan		4	FedEx Portfolio	Interest Only	No	Actual/360	120	120	120	120	0	0	1/31/2025	0
8.01	Property		1	FedEx New Stanton
8.02	Property		1	FedEx Athens
8.03	Property		1	FedEx Middleborough
8.04	Property		1	FedEx Cambridge
9	Loan		1	UOVO Orangeburg	Interest Only	No	Actual/360	120	120	120	120	0	0	1/22/2025	0
10	Loan		1	2481 Crotona Avenue	Interest Only, Amortizing Balloon	No	Actual/360	36	36	120	120	360	360	1/31/2025	0
11	Loan		4	Seatex Portfolio	Interest Only	No	Actual/360	120	120	120	120	0	0	1/31/2025	0
11.01	Property		1	Seatex - Rosenberg HQ
11.02	Property		1	Seatex - Rosenberg Plant
11.03	Property		1	Seatex - El Campo
11.04	Property		1	Seatex - Pasadena
12	Loan		3	HTI Houston Multifamily Portfolio	Interest Only	No	Actual/360	120	119	120	119	0	0	12/27/2024	1
12.01	Property		1	Innsbruck-Lemoyne Apartments
12.02	Property		1	Timberline Forest Apartments
12.03	Property		1	Horizon Apartments
13	Loan		1	Paramount Hotel Seattle	Interest Only	No	Actual/360	120	118	120	118	0	0	12/6/2024	2
14	Loan		1	224-228 8th Avenue	Interest Only	No	Actual/360	120	120	120	120	0	0	1/31/2025	0
15	Loan		1	The Village at Moorpark	Interest Only	No	Actual/360	120	120	120	120	0	0	1/31/2025	0
16	Loan		1	3121 Ocean Avenue	Interest Only	No	Actual/360	120	120	120	120	0	0	2/3/2025	0
17	Loan		1	Outlet Shoppes of the Bluegrass	Amortizing Balloon	No	Actual/360	0	0	120	117	360	357	10/31/2024	3
18	Loan		1	Michigan & Mitchell	Amortizing Balloon	No	Actual/360	0	0	120	117	360	357	10/18/2024	3
19	Loan		1	Aloft Ponce	Fully Amortizing	No	Actual/360	0	0	120	120	120	120	1/31/2025	0
20	Loan		1	Wells Street Portfolio	Amortizing Balloon	No	Actual/360	0	0	120	119	360	359	12/6/2024	1
21	Loan		1	3001-3003 Grand Concourse	Interest Only	No	Actual/360	120	120	120	120	0	0	1/23/2025	0
22	Loan		1	Old Orchard Shopping Center	Interest Only	No	Actual/360	120	118	120	118	0	0	11/27/2024	2
23	Loan		1	Twin Cities Premium Outlets	Interest Only	No	Actual/360	120	117	120	117	0	0	10/17/2024	3
24	Loan		2	Central Florida MHC / RV Portfolio	Interest Only	No	Actual/360	120	120	120	120	0	0	1/29/2025	0
24.01	Property		1	Daytona's Endless Summer Resort
24.02	Property		1	Sandy Oaks Mobile Home & RV Resort
25	Loan		1	Hampton & Fond du Lac	Amortizing Balloon	No	Actual/360	0	0	120	120	360	360	1/27/2025	0
26	Loan		1	Village at Riverstone	Interest Only	No	Actual/360	120	119	120	119	0	0	12/31/2024	1
27	Loan		1	1733 Bay Tower	Interest Only	No	Actual/360	120	120	120	120	0	0	2/3/2025	0
28	Loan		1	Hunter Quarry	Interest Only	No	Actual/360	120	120	120	120	0	0	1/15/2025	0
29	Loan		1	Chambers & Villard	Amortizing Balloon	No	Actual/360	0	0	120	120	360	360	1/31/2025	0
30	Loan		1	Dublin Court Industrial	Interest Only	No	Actual/360	120	120	120	120	0	0	1/24/2025	0
31	Loan		2	Zidan Multifamily Portfolio	Interest Only	No	Actual/360	120	120	120	120	0	0	1/23/2025	0
31.01	Property		1	The Quarter
31.02	Property		1	The Herweck
32	Loan		1	Shore Terrace Cooperative, Inc.	Amortizing Balloon	No	Actual/360	0	0	120	117	360	357	10/21/2024	3
33	Loan		1	The Arches Apartments	Interest Only	No	Actual/360	120	120	120	120	0	0	1/10/2025	0
34	Loan		1	1014 Ogden Avenue	Amortizing Balloon	No	Actual/360	0	0	120	120	360	360	1/23/2025	0
35	Loan		1	34-15 Properties Ltd.	Amortizing Balloon	No	Actual/360	0	0	120	118	480	478	11/18/2024	2
36	Loan		1	Storage Xxtra Westridge	Interest Only	No	Actual/360	120	119	120	119	0	0	1/6/2025	1
37	Loan		1	510 East 86th Street Owners, Inc.	Interest Only	No	Actual/360	120	120	120	120	0	0	1/23/2025	0
38	Loan		1	800 Grand Concourse Owners, Inc.	Amortizing Balloon	No	Actual/360	0	0	120	119	240	239	12/27/2024	1
39	Loan		1	Sherbrooke Smithtown Owners Corp.	Amortizing Balloon	No	Actual/360	0	0	120	120	480	480	1/29/2025	0
40	Loan		1	37-31 73rd Street Owners Corp.	Amortizing Balloon	No	Actual/360	0	0	120	119	360	359	12/30/2024	1
41	Loan		1	Birchleaf Apartments	Interest Only	No	Actual/360	120	120	120	120	0	0	1/10/2025	0
42	Loan		1	1040 Neilson Street Owners Corp.	Amortizing Balloon	No	Actual/360	0	0	120	118	480	478	11/21/2024	2
43	Loan		1	Jefferson Avenue Owners' Corp.	Interest Only	No	Actual/360	120	119	120	119	0	0	12/6/2024	1
44	Loan		1	FedEx Enid	Interest Only	No	Actual/360	120	120	120	120	0	0	1/27/2025	0
45	Loan		1	290 East 56th Avenue	Interest Only, Amortizing Balloon	No	Actual/360	60	60	120	120	360	360	1/21/2025	0
46	Loan		1	100 Randall Avenue Owners Corp.	Amortizing Balloon	No	Actual/360	0	0	120	119	480	479	12/20/2024	1
47	Loan		1	6035 Broadway Owners Corp.	Amortizing Balloon	No	Actual/360	0	0	120	116	180	176	9/27/2024	4
48	Loan		1	Netherland Gardens Owners, Inc. a/k/a Netherland Gardens Owners Inc.	Amortizing Balloon	No	Actual/360	0	0	120	118	480	478	11/25/2024	2
49	Loan		1	620 Broadway Housing Corp.	Interest Only	No	Actual/360	120	119	120	119	0	0	12/27/2024	1
50	Loan		1	3210 Arlington Ave. Owners Corp.	Amortizing Balloon	No	Actual/360	0	0	120	120	360	360	1/23/2025	0
51	Loan		1	109-111 N. Broadway Apt. Corp.	Amortizing Balloon	No	Actual/360	0	0	120	119	480	479	12/27/2024	1
52	Loan		1	Grand Street Artists Cooperative, Inc.	Amortizing Balloon	No	Actual/360	0	0	120	118	360	358	11/21/2024	2
53	Loan		1	Westminster Hall Apartments Corp.	Interest Only	No	Actual/360	120	118	120	118	0	0	11/26/2024	2
54	Loan		1	Hearth House Owners Corp.	Amortizing Balloon	No	Actual/360	0	0	120	120	480	480	1/21/2025	0
55	Loan		1	7 Great Jones Corp.	Amortizing Balloon	No	Actual/360	0	0	120	118	360	358	11/22/2024	2
56	Loan		1	50-21 Owners Ltd.	Amortizing Balloon	No	Actual/360	0	0	120	119	480	479	12/30/2024	1
57	Loan		1	24-26 East 82nd Street Tenants Corp.	Interest Only	No	Actual/360	120	118	120	118	0	0	11/18/2024	2
58	Loan		1	Charles St. Tenants Corp.	Amortizing Balloon	No	Actual/360	0	0	120	116	360	356	9/25/2024	4
59	Loan		1	302 Convent Avenue Housing Development Fund Corporation	Amortizing Balloon	No	Actual/360	0	0	120	119	360	359	12/31/2024	1
60	Loan		1	241 West 108 Ltd.	Amortizing Balloon	No	Actual/360	0	0	120	118	360	358	11/12/2024	2
61	Loan		1	Waters at West End, Inc.	Amortizing Balloon	No	Actual/360	0	0	120	120	360	360	1/29/2025	0
62	Loan		1	58 Grace Avenue Corp.	Interest Only	No	Actual/360	120	120	120	120	0	0	1/23/2025	0
63	Loan		1	205 Bleeker St. Owners Corp.	Amortizing Balloon	No	Actual/360	0	0	120	118	360	358	11/26/2024	2

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Loan ID Number	Loan / Property Flag	Footnotes (for Loan and Property Information)	# of Properties	Property Name	Most Recent Description	Second Most Recent EGI ($)	Second Most Recent Expenses ($)	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 (%)	Underwritten EGI ($)	Underwritten Expenses ($)

1	Loan		1	Shops at Mission Viejo	T-12	33,742,852	8,521,362	25,221,490	12/31/2023	T-12	32,598,220	7,848,169	24,750,051	12/31/2022	T-12	85.7%	32,946,299	8,771,579
2	Loan		1	UOVO QPN	T-12	17,137,279	4,000,428	13,136,852	12/31/2023	T-12	16,152,257	3,921,582	12,230,675	12/31/2022	T-12	78.6%	17,547,845	3,643,783
3	Loan		1	340 Mt Kemble	T-12	NAV	NAV	NAV	NAV	NAV	NAV	NAV	NAV	NAV	NAV	95.1%	15,345,687	4,927,062
4	Loan		1	Ali'i Place	T-12	15,776,334	7,468,392	8,307,942	12/31/2023	T-12	12,630,785	7,432,547	5,198,238	12/31/2022	T-12	92.0%	14,601,654	7,457,474
5	Loan		1	29-33 Ninth Avenue	T-12	12,702,059	2,056,483	10,645,576	12/31/2023	T-12	12,514,437	2,033,346	10,481,090	12/31/2022	T-12	95.0%	14,653,657	2,513,592
6	Loan		1	360 Bowery	NAV	NAV	NAV	NAV	NAV	NAV	NAV	NAV	NAV	NAV	NAV	100.0%	2,929,850	0
7	Loan		1	299 Park Avenue	T-12	107,115,042	46,718,826	60,396,216	12/31/2023	T-12	104,990,721	42,758,401	62,232,320	12/31/2022	T-12	96.1%	121,577,044	49,384,602
8	Loan		4	FedEx Portfolio	T-12	3,877,697	0	3,877,697	12/31/2023	T-12	3,181,801	0	3,181,801	12/31/2022	T-12	100.0%	4,062,417	121,873
8.01	Property		1	FedEx New Stanton	T-12	1,305,603	0	1,305,603	12/31/2023	T-12	639,694	0	639,694	12/31/2022	T-12	100.0%	1,345,984	40,380
8.02	Property		1	FedEx Athens	T-12	1,420,668	0	1,420,668	12/31/2023	T-12	1,397,379	0	1,397,379	12/31/2022	T-12	100.0%	1,512,626	45,379
8.03	Property		1	FedEx Middleborough	T-12	685,416	0	685,416	12/31/2023	T-12	685,416	0	685,416	12/31/2022	T-12	100.0%	706,614	21,198
8.04	Property		1	FedEx Cambridge	T-12	466,010	0	466,010	12/31/2023	T-12	459,312	0	459,312	12/31/2022	T-12	100.0%	497,193	14,916
9	Loan		1	UOVO Orangeburg	T-12	3,497,413	1,094,695	2,402,718	12/31/2023	T-12	3,403,162	993,393	2,409,769	12/31/2022	T-12	76.8%	4,876,598	1,019,246
10	Loan		1	2481 Crotona Avenue	NAV	NAV	NAV	NAV	NAV	NAV	NAV	NAV	NAV	NAV	NAV	96.7%	3,964,145	726,040
11	Loan		4	Seatex Portfolio	NAV	NAV	NAV	NAV	NAV	NAV	NAV	NAV	NAV	NAV	NAV	100.0%	3,725,768	0
11.01	Property		1	Seatex - Rosenberg HQ	NAV	NAV	NAV	NAV	NAV	NAV	NAV	NAV	NAV	NAV	NAV	NAV	NAV	NAV
11.02	Property		1	Seatex - Rosenberg Plant	NAV	NAV	NAV	NAV	NAV	NAV	NAV	NAV	NAV	NAV	NAV	NAV	NAV	NAV
11.03	Property		1	Seatex - El Campo	NAV	NAV	NAV	NAV	NAV	NAV	NAV	NAV	NAV	NAV	NAV	NAV	NAV	NAV
11.04	Property		1	Seatex - Pasadena	NAV	NAV	NAV	NAV	NAV	NAV	NAV	NAV	NAV	NAV	NAV	NAV	NAV	NAV
12	Loan		3	HTI Houston Multifamily Portfolio	T-12	4,254,099	1,702,684	2,551,415	12/31/2023	T-12	3,987,887	1,670,655	2,317,232	12/31/2022	T-12	91.7%	4,449,275	1,828,331
12.01	Property		1	Innsbruck-Lemoyne Apartments	T-12	2,658,583	949,711	1,708,872	12/31/2023	T-12	2,490,502	929,708	1,560,794	12/31/2022	T-12	90.5%	2,765,944	1,022,422
12.02	Property		1	Timberline Forest Apartments	T-12	952,255	467,185	485,069	12/31/2023	T-12	893,374	453,335	440,039	12/31/2022	T-12	94.6%	984,913	503,059
12.03	Property		1	Horizon Apartments	T-12	643,260	285,788	357,473	12/31/2023	T-12	604,012	287,612	316,400	12/31/2022	T-12	92.2%	698,419	302,849
13	Loan		1	Paramount Hotel Seattle	T-12	10,068,014	6,309,945	3,758,069	12/31/2023	T-12	8,497,398	5,715,899	2,781,499	12/31/2022	T-12	84.9%	10,414,892	6,465,650
14	Loan		1	224-228 8th Avenue	T-12	NAV	NAV	NAV	NAV	NAV	NAV	NAV	NAV	NAV	NAV	95.6%	3,182,968	839,656
15	Loan		1	The Village at Moorpark	T-12	2,126,283	699,505	1,426,779	12/31/2023	T-12	1,742,605	675,163	1,067,442	12/31/2022	T-12	95.0%	3,037,249	743,751
16	Loan		1	3121 Ocean Avenue	T-12	NAV	NAV	NAV	NAV	NAV	NAV	NAV	NAV	NAV	NAV	88.4%	2,738,373	479,169
17	Loan		1	Outlet Shoppes of the Bluegrass	T-12	13,882,401	4,461,458	9,420,943	12/31/2023	T-12	13,349,969	4,313,558	9,036,411	12/31/2022	T-12	93.3%	13,873,832	4,490,333
18	Loan		1	Michigan & Mitchell	T-12	2,162,654	514,090	1,648,564	12/31/2023	T-12	NAV	NAV	NAV	NAV	NAV	95.0%	2,605,916	680,508
19	Loan		1	Aloft Ponce	T-12	7,578,288	4,516,963	3,061,325	12/31/2023	T-12	4,581,987	2,142,083	2,439,904	12/31/2022	T-12	60.5%	9,678,053	5,255,264
20	Loan		1	Wells Street Portfolio	T-12	1,529,177	525,104	1,004,073	12/31/2023	T-12	NAV	NAV	NAV	NAV	NAV	95.0%	2,223,387	617,141
21	Loan		1	3001-3003 Grand Concourse	NAV	NAV	NAV	NAV	NAV	NAV	NAV	NAV	NAV	NAV	NAV	97.0%	1,769,529	281,399
22	Loan		1	Old Orchard Shopping Center	T-12	1,940,023	643,297	1,296,725	12/31/2023	T-12	1,843,794	772,528	1,071,266	12/31/2022	T-12	82.5%	2,018,549	574,364
23	Loan		1	Twin Cities Premium Outlets	T-12	18,299,590	5,814,442	12,485,148	12/31/2023	T-12	18,229,022	5,732,763	12,496,259	12/31/2022	T-12	87.3%	19,416,376	5,792,824
24	Loan		2	Central Florida MHC / RV Portfolio	T-12	2,715,608	1,580,593	1,135,015	12/31/2023	T-12	3,139,036	1,403,583	1,735,453	12/31/2022	T-12	73.7%	3,061,893	1,653,624
24.01	Property		1	Daytona's Endless Summer Resort	T-12	1,440,856	861,299	579,557	12/31/2023	T-12	1,823,583	775,176	1,048,406	12/31/2022	T-12	69.7%	1,686,010	923,735
24.02	Property		1	Sandy Oaks Mobile Home & RV Resort	T-12	1,274,752	719,294	555,458	12/31/2023	T-12	1,315,453	628,406	687,047	12/31/2022	T-12	76.8%	1,375,883	729,889
25	Loan		1	Hampton & Fond du Lac	T-12	1,233,797	422,804	810,993	12/31/2023	T-12	1,287,979	386,232	901,746	12/31/2022	T-12	95.0%	1,650,868	469,474

Loan ID Number	Loan / Property Flag	Footnotes (for Loan and Property Information)	# of Properties	Property Name	Underwritten Net Operating Income ($)	Underwritten Replacement / FF&E Reserve ($)	Underwritten TI / LC ($)	Underwritten Net Cash Flow ($)	Underwritten NOI DSCR (x)	Underwritten NCF DSCR (x)	Underwritten NOI Debt Yield (%)	Underwritten NCF Debt Yield (%)	Appraised Value ($)	Appraised Value Type	Appraisal Date	Cut-off Date LTV Ratio (%)

1	Loan		1	Shops at Mission Viejo	24,174,721	54,901	549,005	23,570,815	1.73	1.69	13.4%	13.1%	343,600,000	As Is	10/30/2024	52.4%
2	Loan		1	UOVO QPN	13,904,062	42,224	0	13,861,838	1.48	1.47	9.7%	9.7%	234,900,000	As Is	12/16/2024	60.9%
3	Loan		1	340 Mt Kemble	10,418,625	103,315	0	10,315,310	1.63	1.61	14.3%	14.1%	118,100,000	As Is	10/2/2024	61.8%
4	Loan		1	Ali'i Place	7,144,180	67,474	702,204	6,374,502	2.15	1.92	15.3%	13.7%	69,400,000	As Is	10/31/2024	67.1%
5	Loan		1	29-33 Ninth Avenue	12,140,065	17,507	678,700	11,443,857	1.38	1.30	9.0%	8.5%	231,000,000	As Is	12/5/2024	58.4%
6	Loan		1	360 Bowery	2,929,850	0	0	2,929,850	1.11	1.11	7.3%	7.3%	64,000,000	As Is	12/18/2024	62.5%
7	Loan		1	299 Park Avenue	72,192,441	235,367	1,176,837	70,780,237	2.39	2.35	14.4%	14.2%	1,096,000,000	As Is	11/14/2024	45.6%
8	Loan		4	FedEx Portfolio	3,940,545	87,718	0	3,852,826	1.54	1.51	10.9%	10.7%	51,550,000	As Is	Various	69.8%
8.01	Property		1	FedEx New Stanton	1,305,604	28,197	0	1,277,407					19,350,000	As Is	10/24/2024
8.02	Property		1	FedEx Athens	1,467,248	28,044	0	1,439,204					14,100,000	As Is	10/29/2024
8.03	Property		1	FedEx Middleborough	685,416	14,627	0	670,789					11,200,000	As Is	10/26/2024
8.04	Property		1	FedEx Cambridge	482,277	16,850	0	465,427					6,900,000	As Is	10/22/2024
9	Loan		1	UOVO Orangeburg	3,857,352	15,367	0	3,841,986	1.68	1.67	11.0%	11.0%	58,800,000	As Is	12/16/2024	59.5%
10	Loan		1	2481 Crotona Avenue	3,238,105	24,775	11,377	3,201,952	1.27	1.25	9.7%	9.6%	56,100,000	As Is	1/15/2025	59.3%
11	Loan		4	Seatex Portfolio	3,725,768	0	0	3,725,768	1.91	1.91	12.9%	12.9%	47,000,000	As Portfolio	Various	61.5%
11.01	Property		1	Seatex - Rosenberg HQ	NAV	NAV	NAV	NAV					25,700,000	As Is	12/20/2024
11.02	Property		1	Seatex - Rosenberg Plant	NAV	NAV	NAV	NAV					9,400,000	As Is	12/20/2024
11.03	Property		1	Seatex - El Campo	NAV	NAV	NAV	NAV					8,100,000	As Is	12/20/2024
11.04	Property		1	Seatex - Pasadena	NAV	NAV	NAV	NAV					3,250,000	As Is	12/30/2024
12	Loan		3	HTI Houston Multifamily Portfolio	2,620,945	98,250	0	2,522,695	1.34	1.29	10.4%	10.0%	42,800,000	As Is	Various	59.1%
12.01	Property		1	Innsbruck-Lemoyne Apartments	1,743,522	62,000	0	1,681,522					28,900,000	As Is	11/26/2024
12.02	Property		1	Timberline Forest Apartments	481,854	16,250	0	465,604					7,700,000	As Is	11/26/2024
12.03	Property		1	Horizon Apartments	395,570	20,000	0	375,570					6,200,000	As Is	11/27/2024
13	Loan		1	Paramount Hotel Seattle	3,949,241	416,596	0	3,532,646	2.42	2.17	15.8%	14.1%	54,500,000	As Is	8/26/2024	45.9%
14	Loan		1	224-228 8th Avenue	2,343,311	10,373	11,700	2,321,238	1.46	1.44	9.4%	9.3%	38,500,000	As Is	12/6/2024	64.9%
15	Loan		1	The Village at Moorpark	2,293,498	19,556	110,816	2,163,126	1.38	1.30	9.6%	9.0%	37,530,000	As Is	12/20/2024	63.9%
16	Loan		1	3121 Ocean Avenue	2,259,204	8,598	57,320	2,193,286	1.46	1.42	10.2%	9.9%	37,100,000	As Is	1/15/2025	60.0%
17	Loan		1	Outlet Shoppes of the Bluegrass	9,383,499	64,211	388,889	8,930,399	1.81	1.72	14.2%	13.6%	109,100,000	As Is	9/26/2024	60.4%
18	Loan		1	Michigan & Mitchell	1,925,409	50,895	0	1,874,514	1.33	1.29	10.4%	10.1%	32,100,000	As Is	9/15/2024	57.6%
19	Loan		1	Aloft Ponce	4,422,790	239,304	0	4,183,486	1.98	1.88	27.6%	26.1%	42,500,000	As Is	10/16/2024	37.6%
20	Loan		1	Wells Street Portfolio	1,606,246	42,869	0	1,563,377	1.32	1.29	10.3%	10.1%	26,600,000	As Is	11/4/2024	58.5%
21	Loan		1	3001-3003 Grand Concourse	1,488,130	11,000	0	1,477,130	1.41	1.40	10.1%	10.0%	22,100,000	As Stabilized	11/27/2024	66.5%
22	Loan		1	Old Orchard Shopping Center	1,444,185	15,160	70,746	1,358,279	1.47	1.38	10.4%	9.8%	24,000,000	As Is	7/13/2024	57.9%
23	Loan		1	Twin Cities Premium Outlets	13,623,552	60,919	609,188	12,953,445	2.11	2.01	14.3%	13.6%	202,000,000	As Is	9/5/2024	47.0%
24	Loan		2	Central Florida MHC / RV Portfolio	1,408,269	22,800	0	1,385,469	1.76	1.73	12.5%	12.3%	21,000,000	As Is	10/17/2024	53.8%
24.01	Property		1	Daytona's Endless Summer Resort	762,275	11,600	0	750,675					11,200,000	As Is	10/17/2024
24.02	Property		1	Sandy Oaks Mobile Home & RV Resort	645,994	11,200	0	634,794					9,800,000	As Is	10/17/2024
25	Loan		1	Hampton & Fond du Lac	1,181,395	32,155	0	1,149,240	1.32	1.28	10.6%	10.3%	18,800,000	As Is	12/30/2024	59.5%