<?xml version="1.0" encoding="utf-8"?>
<assetData xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xmlns="http://www.sec.gov/edgar/document/absee/cmbs/assetdata">
	<assets>
		<assetTypeNumber>Prospectus Loan ID</assetTypeNumber>
		<assetNumber>1</assetNumber>
		<GroupID>1</GroupID>
		<reportingPeriodBeginningDate>02-12-2026</reportingPeriodBeginningDate>
		<reportingPeriodEndDate>03-11-2026</reportingPeriodEndDate>
		<originatorName>DBR Investments Co. Limited, UBS AG</originatorName>
		<originationDate>06-26-2025</originationDate>
		<originalLoanAmount>79000000.00000000</originalLoanAmount>
		<originalTermLoanNumber>120</originalTermLoanNumber>
		<maturityDate>07-06-2035</maturityDate>
		<originalAmortizationTermNumber>0</originalAmortizationTermNumber>
		<originalInterestRatePercentage>.05581000</originalInterestRatePercentage>
		<interestRateSecuritizationPercentage>.05581000</interestRateSecuritizationPercentage>
		<interestAccrualMethodCode>3</interestAccrualMethodCode>
		<originalInterestRateTypeCode>1</originalInterestRateTypeCode>
		<originalInterestOnlyTermNumber>120</originalInterestOnlyTermNumber>
		<firstLoanPaymentDueDate>08-06-2025</firstLoanPaymentDueDate>
		<underwritingIndicator>true</underwritingIndicator>
		<lienPositionSecuritizationCode>1</lienPositionSecuritizationCode>
		<loanStructureCode>PP</loanStructureCode>
		<paymentTypeCode>3</paymentTypeCode>
		<periodicPrincipalAndInterestPaymentSecuritizationAmount>.00000000</periodicPrincipalAndInterestPaymentSecuritizationAmount>
		<scheduledPrincipalBalanceSecuritizationAmount>79000000.00000000</scheduledPrincipalBalanceSecuritizationAmount>
		<paymentFrequencyCode>1</paymentFrequencyCode>
		<NumberPropertiesSecuritization>1</NumberPropertiesSecuritization>
		<NumberProperties>1</NumberProperties>
		<graceDaysAllowedNumber>0</graceDaysAllowedNumber>
		<interestOnlyIndicator>true</interestOnlyIndicator>
		<balloonIndicator>true</balloonIndicator>
		<prepaymentPremiumIndicator>false</prepaymentPremiumIndicator>
		<negativeAmortizationIndicator>false</negativeAmortizationIndicator>
		<modifiedIndicator>false</modifiedIndicator>
		<prepaymentLockOutEndDate>03-05-2035</prepaymentLockOutEndDate>
		<deferredInterestCumulativeAmount>.00000000</deferredInterestCumulativeAmount>
		<deferredInterestCollectedAmount>.00000000</deferredInterestCollectedAmount>
		<property>
			<propertyName>Rentar Plaza</propertyName>
			<propertyAddress>66-26 Metropolitan Avenue</propertyAddress>
			<propertyCity>Queens</propertyCity>
			<propertyState>NY</propertyState>
			<propertyZip>11379</propertyZip>
			<propertyCounty>Queens</propertyCounty>
			<propertyTypeCode>MU</propertyTypeCode>
			<netRentableSquareFeetNumber>1534964</netRentableSquareFeetNumber>
			<netRentableSquareFeetSecuritizationNumber>1534964</netRentableSquareFeetSecuritizationNumber>
			<yearBuiltNumber>1973</yearBuiltNumber>
			<yearLastRenovated>2025</yearLastRenovated>
			<valuationSecuritizationAmount>495000000.00000000</valuationSecuritizationAmount>
			<valuationSourceSecuritizationCode>MAI</valuationSourceSecuritizationCode>
			<valuationSecuritizationDate>04-21-2025</valuationSecuritizationDate>
			<mostRecentValuationAmount>495000000.00000000</mostRecentValuationAmount>
			<mostRecentValuationDate>04-21-2025</mostRecentValuationDate>
			<mostRecentValuationSourceCode>MAI</mostRecentValuationSourceCode>
			<physicalOccupancySecuritizationPercentage>.96600000</physicalOccupancySecuritizationPercentage>
			<mostRecentPhysicalOccupancyPercentage>.97010000</mostRecentPhysicalOccupancyPercentage>
			<propertyStatusCode>6</propertyStatusCode>
			<defeasanceOptionStartDate>08-06-2027</defeasanceOptionStartDate>
			<DefeasedStatusCode>N</DefeasedStatusCode>
			<largestTenant>City of New York</largestTenant>
			<squareFeetLargestTenantNumber>516115</squareFeetLargestTenantNumber>
			<leaseExpirationLargestTenantDate>02-09-2041</leaseExpirationLargestTenantDate>
			<secondLargestTenant>Amazon.com Services LLC</secondLargestTenant>
			<squareFeetSecondLargestTenantNumber>298650</squareFeetSecondLargestTenantNumber>
			<leaseExpirationSecondLargestTenantDate>07-31-2030</leaseExpirationSecondLargestTenantDate>
			<thirdLargestTenant>Rawnours Furniture Company, Inc.</thirdLargestTenant>
			<squareFeetThirdLargestTenantNumber>174000</squareFeetThirdLargestTenantNumber>
			<leaseExpirationThirdLargestTenantDate>03-31-2034</leaseExpirationThirdLargestTenantDate>
			<financialsSecuritizationDate>03-31-2025</financialsSecuritizationDate>
			<mostRecentFinancialsStartDate>01-01-2025</mostRecentFinancialsStartDate>
			<mostRecentFinancialsEndDate>12-31-2025</mostRecentFinancialsEndDate>
			<revenueSecuritizationAmount>45477495.00000000</revenueSecuritizationAmount>
			<mostRecentRevenueAmount>46241146.00000000</mostRecentRevenueAmount>
			<operatingExpensesSecuritizationAmount>17070675.00000000</operatingExpensesSecuritizationAmount>
			<operatingExpensesAmount>19569272.84000000</operatingExpensesAmount>
			<netOperatingIncomeSecuritizationAmount>28406820.00000000</netOperatingIncomeSecuritizationAmount>
			<mostRecentNetOperatingIncomeAmount>26671873.16000000</mostRecentNetOperatingIncomeAmount>
			<netCashFlowFlowSecuritizationAmount>26411367.00000000</netCashFlowFlowSecuritizationAmount>
			<mostRecentNetCashFlowAmount>24676419.16000000</mostRecentNetCashFlowAmount>
			<netOperatingIncomeNetCashFlowSecuritizationCode>UW</netOperatingIncomeNetCashFlowSecuritizationCode>
			<netOperatingIncomeNetCashFlowCode>CREFC</netOperatingIncomeNetCashFlowCode>
			<mostRecentDebtServiceAmount>9053622.38000000</mostRecentDebtServiceAmount>
			<debtServiceCoverageNetOperatingIncomeSecuritizationPercentage>3.14000000</debtServiceCoverageNetOperatingIncomeSecuritizationPercentage>
			<mostRecentDebtServiceCoverageNetOperatingIncomePercentage>2.94600000</mostRecentDebtServiceCoverageNetOperatingIncomePercentage>
			<debtServiceCoverageNetCashFlowSecuritizationPercentage>2.92000000</debtServiceCoverageNetCashFlowSecuritizationPercentage>
			<mostRecentDebtServiceCoverageNetCashFlowpercentage>2.72560000</mostRecentDebtServiceCoverageNetCashFlowpercentage>
			<debtServiceCoverageSecuritizationCode>F</debtServiceCoverageSecuritizationCode>
			<mostRecentAnnualLeaseRolloverReviewDate>12-31-2025</mostRecentAnnualLeaseRolloverReviewDate>
		</property>
		<assetAddedIndicator>false</assetAddedIndicator>
		<reportPeriodModificationIndicator>false</reportPeriodModificationIndicator>
		<reportPeriodBeginningScheduleLoanBalanceAmount>79000000.00000000</reportPeriodBeginningScheduleLoanBalanceAmount>
		<totalScheduledPrincipalInterestDueAmount>342921.45000000</totalScheduledPrincipalInterestDueAmount>
		<reportPeriodInterestRatePercentage>.05581000</reportPeriodInterestRatePercentage>
		<servicerTrusteeFeeRatePercentage>.00016970</servicerTrusteeFeeRatePercentage>
		<scheduledInterestAmount>342921.45000000</scheduledInterestAmount>
		<scheduledPrincipalAmount>.00000000</scheduledPrincipalAmount>
		<otherPrincipalAdjustmentAmount>.00000000</otherPrincipalAdjustmentAmount>
		<reportPeriodEndActualBalanceAmount>79000000.00000000</reportPeriodEndActualBalanceAmount>
		<reportPeriodEndScheduledLoanBalanceAmount>79000000.00000000</reportPeriodEndScheduledLoanBalanceAmount>
		<paidThroughDate>03-06-2026</paidThroughDate>
		<servicingAdvanceMethodCode>1</servicingAdvanceMethodCode>
		<nonRecoverabilityIndicator>false</nonRecoverabilityIndicator>
		<totalPrincipalInterestAdvancedOutstandingAmount>.00000000</totalPrincipalInterestAdvancedOutstandingAmount>
		<totalTaxesInsuranceAdvancesOutstandingAmount>.00000000</totalTaxesInsuranceAdvancesOutstandingAmount>
		<otherExpensesAdvancedOutstandingAmount>.00000000</otherExpensesAdvancedOutstandingAmount>
		<paymentStatusLoanCode>0</paymentStatusLoanCode>
		<primaryServicerName>Midland</primaryServicerName>
		<assetSubjectDemandIndicator>false</assetSubjectDemandIndicator>
		<prepaymentPremiumYieldMaintenanceReceivedAmount>.00000000</prepaymentPremiumYieldMaintenanceReceivedAmount>
	</assets>
	<assets>
		<assetTypeNumber>Prospectus Loan ID</assetTypeNumber>
		<assetNumber>2</assetNumber>
		<GroupID>1</GroupID>
		<reportingPeriodBeginningDate>02-12-2026</reportingPeriodBeginningDate>
		<reportingPeriodEndDate>03-11-2026</reportingPeriodEndDate>
		<originatorName>JPMorgan Chase Bank, National Association, Deutsche Bank AG, NY, Goldman Sachs Bank USA, Societe Generale Financial Corporation</originatorName>
		<originationDate>06-05-2025</originationDate>
		<originalLoanAmount>75000000.00000000</originalLoanAmount>
		<originalTermLoanNumber>120</originalTermLoanNumber>
		<maturityDate>06-09-2035</maturityDate>
		<originalAmortizationTermNumber>0</originalAmortizationTermNumber>
		<originalInterestRatePercentage>.05892830</originalInterestRatePercentage>
		<interestRateSecuritizationPercentage>.05892830</interestRateSecuritizationPercentage>
		<interestAccrualMethodCode>3</interestAccrualMethodCode>
		<originalInterestRateTypeCode>1</originalInterestRateTypeCode>
		<originalInterestOnlyTermNumber>120</originalInterestOnlyTermNumber>
		<firstLoanPaymentDueDate>07-09-2025</firstLoanPaymentDueDate>
		<underwritingIndicator>true</underwritingIndicator>
		<lienPositionSecuritizationCode>1</lienPositionSecuritizationCode>
		<loanStructureCode>A1</loanStructureCode>
		<paymentTypeCode>3</paymentTypeCode>
		<periodicPrincipalAndInterestPaymentSecuritizationAmount>368301.88000000</periodicPrincipalAndInterestPaymentSecuritizationAmount>
		<scheduledPrincipalBalanceSecuritizationAmount>75000000.00000000</scheduledPrincipalBalanceSecuritizationAmount>
		<paymentFrequencyCode>1</paymentFrequencyCode>
		<NumberPropertiesSecuritization>8</NumberPropertiesSecuritization>
		<NumberProperties>8</NumberProperties>
		<graceDaysAllowedNumber>0</graceDaysAllowedNumber>
		<interestOnlyIndicator>true</interestOnlyIndicator>
		<balloonIndicator>true</balloonIndicator>
		<prepaymentPremiumIndicator>false</prepaymentPremiumIndicator>
		<negativeAmortizationIndicator>false</negativeAmortizationIndicator>
		<modifiedIndicator>false</modifiedIndicator>
		<prepaymentLockOutEndDate>12-08-2034</prepaymentLockOutEndDate>
		<deferredInterestCumulativeAmount>.00000000</deferredInterestCumulativeAmount>
		<deferredInterestCollectedAmount>.00000000</deferredInterestCollectedAmount>
		<property>
			<propertyName>45 - 75 Sidney</propertyName>
			<propertyAddress>45-75 Sidney Street</propertyAddress>
			<propertyCity>Cambridge</propertyCity>
			<propertyState>MA</propertyState>
			<propertyZip>2139</propertyZip>
			<propertyCounty>Middlesex</propertyCounty>
			<propertyTypeCode>MU</propertyTypeCode>
			<netRentableSquareFeetNumber>277174</netRentableSquareFeetNumber>
			<netRentableSquareFeetSecuritizationNumber>277174</netRentableSquareFeetSecuritizationNumber>
			<yearBuiltNumber>1999</yearBuiltNumber>
			<yearLastRenovated>2018</yearLastRenovated>
			<valuationSecuritizationAmount>501300000.00000000</valuationSecuritizationAmount>
			<valuationSourceSecuritizationCode>MAI</valuationSourceSecuritizationCode>
			<valuationSecuritizationDate>03-05-2025</valuationSecuritizationDate>
			<mostRecentValuationAmount>501300000.00000000</mostRecentValuationAmount>
			<mostRecentValuationDate>03-05-2025</mostRecentValuationDate>
			<mostRecentValuationSourceCode>MAI</mostRecentValuationSourceCode>
			<physicalOccupancySecuritizationPercentage>1.00000000</physicalOccupancySecuritizationPercentage>
			<mostRecentPhysicalOccupancyPercentage>1.00000000</mostRecentPhysicalOccupancyPercentage>
			<propertyStatusCode>6</propertyStatusCode>
			<defeasanceOptionStartDate>08-09-2027</defeasanceOptionStartDate>
			<DefeasedStatusCode>N</DefeasedStatusCode>
			<largestTenant>Blueprint Medicines Corp</largestTenant>
			<squareFeetLargestTenantNumber>139216</squareFeetLargestTenantNumber>
			<leaseExpirationLargestTenantDate>03-22-2026</leaseExpirationLargestTenantDate>
			<secondLargestTenant>Takeda Vaccines, Inc.</secondLargestTenant>
			<squareFeetSecondLargestTenantNumber>78655</squareFeetSecondLargestTenantNumber>
			<leaseExpirationSecondLargestTenantDate>03-22-2026</leaseExpirationSecondLargestTenantDate>
			<thirdLargestTenant>BioNTech US Inc.</thirdLargestTenant>
			<squareFeetThirdLargestTenantNumber>59303</squareFeetThirdLargestTenantNumber>
			<leaseExpirationThirdLargestTenantDate>03-21-2026</leaseExpirationThirdLargestTenantDate>
			<financialsSecuritizationDate>02-28-2025</financialsSecuritizationDate>
			<mostRecentFinancialsStartDate>10-01-2024</mostRecentFinancialsStartDate>
			<mostRecentFinancialsEndDate>09-30-2025</mostRecentFinancialsEndDate>
			<revenueSecuritizationAmount>42926154.00000000</revenueSecuritizationAmount>
			<mostRecentRevenueAmount>244864304.00000000</mostRecentRevenueAmount>
			<operatingExpensesSecuritizationAmount>11652405.00000000</operatingExpensesSecuritizationAmount>
			<operatingExpensesAmount>54381355.99990000</operatingExpensesAmount>
			<netOperatingIncomeSecuritizationAmount>31273749.00000000</netOperatingIncomeSecuritizationAmount>
			<mostRecentNetOperatingIncomeAmount>190482948.00010000</mostRecentNetOperatingIncomeAmount>
			<netCashFlowFlowSecuritizationAmount>30954999.00000000</netCashFlowFlowSecuritizationAmount>
			<mostRecentNetCashFlowAmount>188467409.33350000</mostRecentNetCashFlowAmount>
			<netOperatingIncomeNetCashFlowSecuritizationCode>UW</netOperatingIncomeNetCashFlowSecuritizationCode>
			<netOperatingIncomeNetCashFlowCode>CREFC</netOperatingIncomeNetCashFlowCode>
			<mostRecentDebtServiceAmount>66309858.66670000</mostRecentDebtServiceAmount>
			<mostRecentDebtServiceCoverageNetOperatingIncomePercentage>2.87260000</mostRecentDebtServiceCoverageNetOperatingIncomePercentage>
			<mostRecentDebtServiceCoverageNetCashFlowpercentage>2.84220000</mostRecentDebtServiceCoverageNetCashFlowpercentage>
			<mostRecentDebtServiceCoverageCode>C</mostRecentDebtServiceCoverageCode>
			<mostRecentAnnualLeaseRolloverReviewDate>09-30-2025</mostRecentAnnualLeaseRolloverReviewDate>
		</property>
		<property>
			<propertyName>40 Landsdowne</propertyName>
			<propertyAddress>40 Landsdowne Street</propertyAddress>
			<propertyCity>Cambridge</propertyCity>
			<propertyState>MA</propertyState>
			<propertyZip>2139</propertyZip>
			<propertyCounty>Middlesex</propertyCounty>
			<propertyTypeCode>MU</propertyTypeCode>
			<netRentableSquareFeetNumber>214638</netRentableSquareFeetNumber>
			<netRentableSquareFeetSecuritizationNumber>214638</netRentableSquareFeetSecuritizationNumber>
			<yearBuiltNumber>2002</yearBuiltNumber>
			<valuationSecuritizationAmount>378100000.00000000</valuationSecuritizationAmount>
			<valuationSourceSecuritizationCode>MAI</valuationSourceSecuritizationCode>
			<valuationSecuritizationDate>03-05-2025</valuationSecuritizationDate>
			<mostRecentValuationAmount>378100000.00000000</mostRecentValuationAmount>
			<mostRecentValuationDate>03-05-2025</mostRecentValuationDate>
			<mostRecentValuationSourceCode>MAI</mostRecentValuationSourceCode>
			<physicalOccupancySecuritizationPercentage>1.00000000</physicalOccupancySecuritizationPercentage>
			<propertyStatusCode>6</propertyStatusCode>
			<defeasanceOptionStartDate>08-09-2027</defeasanceOptionStartDate>
			<DefeasedStatusCode>N</DefeasedStatusCode>
			<largestTenant>Takeda Pharmaceuticals U.S.A. Inc.</largestTenant>
			<squareFeetLargestTenantNumber>214638</squareFeetLargestTenantNumber>
			<leaseExpirationLargestTenantDate>06-30-2030</leaseExpirationLargestTenantDate>
			<financialsSecuritizationDate>02-28-2025</financialsSecuritizationDate>
			<revenueSecuritizationAmount>27577180.00000000</revenueSecuritizationAmount>
			<operatingExpensesSecuritizationAmount>5530397.00000000</operatingExpensesSecuritizationAmount>
			<netOperatingIncomeSecuritizationAmount>22046783.00000000</netOperatingIncomeSecuritizationAmount>
			<netCashFlowFlowSecuritizationAmount>21799950.00000000</netCashFlowFlowSecuritizationAmount>
			<netOperatingIncomeNetCashFlowSecuritizationCode>UW</netOperatingIncomeNetCashFlowSecuritizationCode>
			<netOperatingIncomeNetCashFlowCode>CREFC</netOperatingIncomeNetCashFlowCode>
			<mostRecentDebtServiceCoverageCode>C</mostRecentDebtServiceCoverageCode>
			<mostRecentAnnualLeaseRolloverReviewDate>09-30-2025</mostRecentAnnualLeaseRolloverReviewDate>
		</property>
		<property>
			<propertyName>35 Landsdowne</propertyName>
			<propertyAddress>35 Landsdowne Street</propertyAddress>
			<propertyCity>Cambridge</propertyCity>
			<propertyState>MA</propertyState>
			<propertyZip>2139</propertyZip>
			<propertyCounty>Middlesex</propertyCounty>
			<propertyTypeCode>MU</propertyTypeCode>
			<netRentableSquareFeetNumber>202423</netRentableSquareFeetNumber>
			<netRentableSquareFeetSecuritizationNumber>202423</netRentableSquareFeetSecuritizationNumber>
			<yearBuiltNumber>2002</yearBuiltNumber>
			<yearLastRenovated>2016</yearLastRenovated>
			<valuationSecuritizationAmount>356900000.00000000</valuationSecuritizationAmount>
			<valuationSourceSecuritizationCode>MAI</valuationSourceSecuritizationCode>
			<valuationSecuritizationDate>03-05-2025</valuationSecuritizationDate>
			<mostRecentValuationAmount>356900000.00000000</mostRecentValuationAmount>
			<mostRecentValuationDate>03-05-2025</mostRecentValuationDate>
			<mostRecentValuationSourceCode>MAI</mostRecentValuationSourceCode>
			<physicalOccupancySecuritizationPercentage>1.00000000</physicalOccupancySecuritizationPercentage>
			<propertyStatusCode>6</propertyStatusCode>
			<defeasanceOptionStartDate>08-09-2027</defeasanceOptionStartDate>
			<DefeasedStatusCode>N</DefeasedStatusCode>
			<largestTenant>Takeda Pharmaceuticals U.S.A. Inc.</largestTenant>
			<squareFeetLargestTenantNumber>202423</squareFeetLargestTenantNumber>
			<leaseExpirationLargestTenantDate>06-30-2030</leaseExpirationLargestTenantDate>
			<financialsSecuritizationDate>02-28-2025</financialsSecuritizationDate>
			<revenueSecuritizationAmount>26214627.00000000</revenueSecuritizationAmount>
			<operatingExpensesSecuritizationAmount>5404895.00000000</operatingExpensesSecuritizationAmount>
			<netOperatingIncomeSecuritizationAmount>20809732.00000000</netOperatingIncomeSecuritizationAmount>
			<netCashFlowFlowSecuritizationAmount>20576945.00000000</netCashFlowFlowSecuritizationAmount>
			<netOperatingIncomeNetCashFlowSecuritizationCode>UW</netOperatingIncomeNetCashFlowSecuritizationCode>
			<netOperatingIncomeNetCashFlowCode>CREFC</netOperatingIncomeNetCashFlowCode>
			<mostRecentDebtServiceCoverageCode>C</mostRecentDebtServiceCoverageCode>
			<mostRecentAnnualLeaseRolloverReviewDate>09-30-2025</mostRecentAnnualLeaseRolloverReviewDate>
		</property>
		<property>
			<propertyName>65 Landsdowne</propertyName>
			<propertyAddress>65 Landsdowne Street</propertyAddress>
			<propertyCity>Cambridge</propertyCity>
			<propertyState>MA</propertyState>
			<propertyZip>2139</propertyZip>
			<propertyCounty>Middlesex</propertyCounty>
			<propertyTypeCode>MU</propertyTypeCode>
			<netRentableSquareFeetNumber>122410</netRentableSquareFeetNumber>
			<netRentableSquareFeetSecuritizationNumber>122410</netRentableSquareFeetSecuritizationNumber>
			<yearBuiltNumber>2001</yearBuiltNumber>
			<valuationSecuritizationAmount>358400000.00000000</valuationSecuritizationAmount>
			<valuationSourceSecuritizationCode>MAI</valuationSourceSecuritizationCode>
			<valuationSecuritizationDate>03-05-2025</valuationSecuritizationDate>
			<mostRecentValuationAmount>358400000.00000000</mostRecentValuationAmount>
			<mostRecentValuationDate>03-05-2025</mostRecentValuationDate>
			<mostRecentValuationSourceCode>MAI</mostRecentValuationSourceCode>
			<physicalOccupancySecuritizationPercentage>1.00000000</physicalOccupancySecuritizationPercentage>
			<propertyStatusCode>6</propertyStatusCode>
			<defeasanceOptionStartDate>08-09-2027</defeasanceOptionStartDate>
			<DefeasedStatusCode>N</DefeasedStatusCode>
			<largestTenant>Brigham &amp; Womens Hospital Inc</largestTenant>
			<squareFeetLargestTenantNumber>122410</squareFeetLargestTenantNumber>
			<leaseExpirationLargestTenantDate>08-31-2026</leaseExpirationLargestTenantDate>
			<financialsSecuritizationDate>02-28-2025</financialsSecuritizationDate>
			<revenueSecuritizationAmount>28027439.00000000</revenueSecuritizationAmount>
			<operatingExpensesSecuritizationAmount>4819787.00000000</operatingExpensesSecuritizationAmount>
			<netOperatingIncomeSecuritizationAmount>23207652.00000000</netOperatingIncomeSecuritizationAmount>
			<netCashFlowFlowSecuritizationAmount>23066881.00000000</netCashFlowFlowSecuritizationAmount>
			<netOperatingIncomeNetCashFlowSecuritizationCode>UW</netOperatingIncomeNetCashFlowSecuritizationCode>
			<netOperatingIncomeNetCashFlowCode>CREFC</netOperatingIncomeNetCashFlowCode>
			<mostRecentDebtServiceCoverageCode>C</mostRecentDebtServiceCoverageCode>
			<mostRecentAnnualLeaseRolloverReviewDate>09-30-2025</mostRecentAnnualLeaseRolloverReviewDate>
		</property>
		<property>
			<propertyName>88 Sidney</propertyName>
			<propertyAddress>88 Sidney Street</propertyAddress>
			<propertyCity>Cambridge</propertyCity>
			<propertyState>MA</propertyState>
			<propertyZip>2139</propertyZip>
			<propertyCounty>Middlesex</propertyCounty>
			<propertyTypeCode>MU</propertyTypeCode>
			<netRentableSquareFeetNumber>146034</netRentableSquareFeetNumber>
			<netRentableSquareFeetSecuritizationNumber>146034</netRentableSquareFeetSecuritizationNumber>
			<yearBuiltNumber>2002</yearBuiltNumber>
			<yearLastRenovated>2016</yearLastRenovated>
			<valuationSecuritizationAmount>224900000.00000000</valuationSecuritizationAmount>
			<valuationSourceSecuritizationCode>MAI</valuationSourceSecuritizationCode>
			<valuationSecuritizationDate>03-05-2025</valuationSecuritizationDate>
			<mostRecentValuationAmount>224900000.00000000</mostRecentValuationAmount>
			<mostRecentValuationDate>03-05-2025</mostRecentValuationDate>
			<mostRecentValuationSourceCode>MAI</mostRecentValuationSourceCode>
			<physicalOccupancySecuritizationPercentage>1.00000000</physicalOccupancySecuritizationPercentage>
			<propertyStatusCode>6</propertyStatusCode>
			<defeasanceOptionStartDate>08-09-2027</defeasanceOptionStartDate>
			<DefeasedStatusCode>N</DefeasedStatusCode>
			<largestTenant>Agios Pharmaceuticals, Inc.</largestTenant>
			<squareFeetLargestTenantNumber>146034</squareFeetLargestTenantNumber>
			<leaseExpirationLargestTenantDate>02-29-2028</leaseExpirationLargestTenantDate>
			<financialsSecuritizationDate>02-28-2025</financialsSecuritizationDate>
			<revenueSecuritizationAmount>18448942.00000000</revenueSecuritizationAmount>
			<operatingExpensesSecuritizationAmount>3663173.00000000</operatingExpensesSecuritizationAmount>
			<netOperatingIncomeSecuritizationAmount>14785769.00000000</netOperatingIncomeSecuritizationAmount>
			<netCashFlowFlowSecuritizationAmount>14617830.00000000</netCashFlowFlowSecuritizationAmount>
			<netOperatingIncomeNetCashFlowSecuritizationCode>UW</netOperatingIncomeNetCashFlowSecuritizationCode>
			<netOperatingIncomeNetCashFlowCode>CREFC</netOperatingIncomeNetCashFlowCode>
			<mostRecentDebtServiceCoverageCode>C</mostRecentDebtServiceCoverageCode>
			<mostRecentAnnualLeaseRolloverReviewDate>09-30-2025</mostRecentAnnualLeaseRolloverReviewDate>
		</property>
		<property>
			<propertyName>64 Sidney</propertyName>
			<propertyAddress>64 Sidney Street</propertyAddress>
			<propertyCity>Cambridge</propertyCity>
			<propertyState>MA</propertyState>
			<propertyZip>2139</propertyZip>
			<propertyCounty>Middlesex</propertyCounty>
			<propertyTypeCode>MU</propertyTypeCode>
			<netRentableSquareFeetNumber>126371</netRentableSquareFeetNumber>
			<netRentableSquareFeetSecuritizationNumber>126371</netRentableSquareFeetSecuritizationNumber>
			<yearBuiltNumber>1989</yearBuiltNumber>
			<yearLastRenovated>2019</yearLastRenovated>
			<valuationSecuritizationAmount>183700000.00000000</valuationSecuritizationAmount>
			<valuationSourceSecuritizationCode>MAI</valuationSourceSecuritizationCode>
			<valuationSecuritizationDate>03-05-2025</valuationSecuritizationDate>
			<mostRecentValuationAmount>183700000.00000000</mostRecentValuationAmount>
			<mostRecentValuationDate>03-05-2025</mostRecentValuationDate>
			<mostRecentValuationSourceCode>MAI</mostRecentValuationSourceCode>
			<physicalOccupancySecuritizationPercentage>.99600000</physicalOccupancySecuritizationPercentage>
			<propertyStatusCode>6</propertyStatusCode>
			<defeasanceOptionStartDate>08-09-2027</defeasanceOptionStartDate>
			<DefeasedStatusCode>N</DefeasedStatusCode>
			<largestTenant>Vericel Corporation</largestTenant>
			<squareFeetLargestTenantNumber>57159</squareFeetLargestTenantNumber>
			<leaseExpirationLargestTenantDate>02-29-2032</leaseExpirationLargestTenantDate>
			<secondLargestTenant>Agios Pharmaceuticals, Inc.</secondLargestTenant>
			<squareFeetSecondLargestTenantNumber>42564</squareFeetSecondLargestTenantNumber>
			<leaseExpirationSecondLargestTenantDate>02-29-2028</leaseExpirationSecondLargestTenantDate>
			<thirdLargestTenant>Voyager Therapeutics, Inc.</thirdLargestTenant>
			<squareFeetThirdLargestTenantNumber>26148</squareFeetThirdLargestTenantNumber>
			<leaseExpirationThirdLargestTenantDate>11-30-2026</leaseExpirationThirdLargestTenantDate>
			<financialsSecuritizationDate>02-28-2025</financialsSecuritizationDate>
			<revenueSecuritizationAmount>16656167.00000000</revenueSecuritizationAmount>
			<operatingExpensesSecuritizationAmount>3529887.00000000</operatingExpensesSecuritizationAmount>
			<netOperatingIncomeSecuritizationAmount>13126280.00000000</netOperatingIncomeSecuritizationAmount>
			<netCashFlowFlowSecuritizationAmount>12980953.00000000</netCashFlowFlowSecuritizationAmount>
			<netOperatingIncomeNetCashFlowSecuritizationCode>UW</netOperatingIncomeNetCashFlowSecuritizationCode>
			<netOperatingIncomeNetCashFlowCode>CREFC</netOperatingIncomeNetCashFlowCode>
			<mostRecentDebtServiceCoverageCode>C</mostRecentDebtServiceCoverageCode>
			<mostRecentAnnualLeaseRolloverReviewDate>09-30-2025</mostRecentAnnualLeaseRolloverReviewDate>
		</property>
		<property>
			<propertyName>38 Sidney</propertyName>
			<propertyAddress>38 Sidney Street</propertyAddress>
			<propertyCity>Cambridge</propertyCity>
			<propertyState>MA</propertyState>
			<propertyZip>2139</propertyZip>
			<propertyCounty>Middlesex</propertyCounty>
			<propertyTypeCode>MU</propertyTypeCode>
			<netRentableSquareFeetNumber>122554</netRentableSquareFeetNumber>
			<netRentableSquareFeetSecuritizationNumber>122554</netRentableSquareFeetSecuritizationNumber>
			<yearBuiltNumber>1989</yearBuiltNumber>
			<yearLastRenovated>2019</yearLastRenovated>
			<valuationSecuritizationAmount>170600000.00000000</valuationSecuritizationAmount>
			<valuationSourceSecuritizationCode>MAI</valuationSourceSecuritizationCode>
			<valuationSecuritizationDate>03-05-2025</valuationSecuritizationDate>
			<mostRecentValuationAmount>170600000.00000000</mostRecentValuationAmount>
			<mostRecentValuationDate>03-05-2025</mostRecentValuationDate>
			<mostRecentValuationSourceCode>MAI</mostRecentValuationSourceCode>
			<physicalOccupancySecuritizationPercentage>.56400000</physicalOccupancySecuritizationPercentage>
			<propertyStatusCode>6</propertyStatusCode>
			<defeasanceOptionStartDate>08-09-2027</defeasanceOptionStartDate>
			<DefeasedStatusCode>N</DefeasedStatusCode>
			<largestTenant>Blueprint Medicines Corp</largestTenant>
			<squareFeetLargestTenantNumber>39114</squareFeetLargestTenantNumber>
			<leaseExpirationLargestTenantDate>11-30-2029</leaseExpirationLargestTenantDate>
			<secondLargestTenant>Agios Pharmaceuticals, Inc.</secondLargestTenant>
			<squareFeetSecondLargestTenantNumber>12995</squareFeetSecondLargestTenantNumber>
			<leaseExpirationSecondLargestTenantDate>02-29-2028</leaseExpirationSecondLargestTenantDate>
			<thirdLargestTenant>General Hospital Corporation</thirdLargestTenant>
			<squareFeetThirdLargestTenantNumber>11054</squareFeetThirdLargestTenantNumber>
			<leaseExpirationThirdLargestTenantDate>08-31-2026</leaseExpirationThirdLargestTenantDate>
			<financialsSecuritizationDate>02-28-2025</financialsSecuritizationDate>
			<revenueSecuritizationAmount>9630596.00000000</revenueSecuritizationAmount>
			<operatingExpensesSecuritizationAmount>3661066.00000000</operatingExpensesSecuritizationAmount>
			<netOperatingIncomeSecuritizationAmount>5969530.00000000</netOperatingIncomeSecuritizationAmount>
			<netCashFlowFlowSecuritizationAmount>5828593.00000000</netCashFlowFlowSecuritizationAmount>
			<netOperatingIncomeNetCashFlowSecuritizationCode>UW</netOperatingIncomeNetCashFlowSecuritizationCode>
			<netOperatingIncomeNetCashFlowCode>CREFC</netOperatingIncomeNetCashFlowCode>
			<mostRecentDebtServiceCoverageCode>C</mostRecentDebtServiceCoverageCode>
			<mostRecentAnnualLeaseRolloverReviewDate>09-30-2025</mostRecentAnnualLeaseRolloverReviewDate>
		</property>
		<property>
			<propertyName>26 Landsdowne</propertyName>
			<propertyAddress>26 Landsdowne Street</propertyAddress>
			<propertyCity>Cambridge</propertyCity>
			<propertyState>MA</propertyState>
			<propertyZip>2139</propertyZip>
			<propertyCounty>Middlesex</propertyCounty>
			<propertyTypeCode>MU</propertyTypeCode>
			<netRentableSquareFeetNumber>102877</netRentableSquareFeetNumber>
			<netRentableSquareFeetSecuritizationNumber>102877</netRentableSquareFeetSecuritizationNumber>
			<yearBuiltNumber>1997</yearBuiltNumber>
			<yearLastRenovated>2019</yearLastRenovated>
			<valuationSecuritizationAmount>156400000.00000000</valuationSecuritizationAmount>
			<valuationSourceSecuritizationCode>MAI</valuationSourceSecuritizationCode>
			<valuationSecuritizationDate>03-05-2025</valuationSecuritizationDate>
			<mostRecentValuationAmount>156400000.00000000</mostRecentValuationAmount>
			<mostRecentValuationDate>03-05-2025</mostRecentValuationDate>
			<mostRecentValuationSourceCode>MAI</mostRecentValuationSourceCode>
			<physicalOccupancySecuritizationPercentage>1.00000000</physicalOccupancySecuritizationPercentage>
			<propertyStatusCode>6</propertyStatusCode>
			<defeasanceOptionStartDate>08-09-2027</defeasanceOptionStartDate>
			<DefeasedStatusCode>N</DefeasedStatusCode>
			<largestTenant>Beam Therapeutics, Inc.</largestTenant>
			<squareFeetLargestTenantNumber>38203</squareFeetLargestTenantNumber>
			<leaseExpirationLargestTenantDate>09-30-2028</leaseExpirationLargestTenantDate>
			<secondLargestTenant>Repertoire Immune Medicines,</secondLargestTenant>
			<squareFeetSecondLargestTenantNumber>35943</squareFeetSecondLargestTenantNumber>
			<leaseExpirationSecondLargestTenantDate>09-30-2028</leaseExpirationSecondLargestTenantDate>
			<thirdLargestTenant>Fulcrum Therapeutics, Inc.</thirdLargestTenant>
			<squareFeetThirdLargestTenantNumber>28731</squareFeetThirdLargestTenantNumber>
			<leaseExpirationThirdLargestTenantDate>06-30-2028</leaseExpirationThirdLargestTenantDate>
			<financialsSecuritizationDate>02-28-2025</financialsSecuritizationDate>
			<revenueSecuritizationAmount>13470887.00000000</revenueSecuritizationAmount>
			<operatingExpensesSecuritizationAmount>3897152.00000000</operatingExpensesSecuritizationAmount>
			<netOperatingIncomeSecuritizationAmount>9573734.00000000</netOperatingIncomeSecuritizationAmount>
			<netCashFlowFlowSecuritizationAmount>9455426.00000000</netCashFlowFlowSecuritizationAmount>
			<netOperatingIncomeNetCashFlowSecuritizationCode>UW</netOperatingIncomeNetCashFlowSecuritizationCode>
			<netOperatingIncomeNetCashFlowCode>CREFC</netOperatingIncomeNetCashFlowCode>
			<mostRecentDebtServiceCoverageCode>C</mostRecentDebtServiceCoverageCode>
			<mostRecentAnnualLeaseRolloverReviewDate>09-30-2025</mostRecentAnnualLeaseRolloverReviewDate>
		</property>
		<assetAddedIndicator>false</assetAddedIndicator>
		<reportPeriodModificationIndicator>false</reportPeriodModificationIndicator>
		<reportPeriodBeginningScheduleLoanBalanceAmount>75000000.00000000</reportPeriodBeginningScheduleLoanBalanceAmount>
		<totalScheduledPrincipalInterestDueAmount>343748.40000000</totalScheduledPrincipalInterestDueAmount>
		<reportPeriodInterestRatePercentage>.05892830</reportPeriodInterestRatePercentage>
		<servicerTrusteeFeeRatePercentage>.00015820</servicerTrusteeFeeRatePercentage>
		<scheduledInterestAmount>343748.40000000</scheduledInterestAmount>
		<scheduledPrincipalAmount>.00000000</scheduledPrincipalAmount>
		<otherPrincipalAdjustmentAmount>.00000000</otherPrincipalAdjustmentAmount>
		<reportPeriodEndActualBalanceAmount>75000000.00000000</reportPeriodEndActualBalanceAmount>
		<reportPeriodEndScheduledLoanBalanceAmount>75000000.00000000</reportPeriodEndScheduledLoanBalanceAmount>
		<paidThroughDate>03-09-2026</paidThroughDate>
		<servicingAdvanceMethodCode>1</servicingAdvanceMethodCode>
		<nonRecoverabilityIndicator>false</nonRecoverabilityIndicator>
		<totalPrincipalInterestAdvancedOutstandingAmount>.00000000</totalPrincipalInterestAdvancedOutstandingAmount>
		<totalTaxesInsuranceAdvancesOutstandingAmount>.00000000</totalTaxesInsuranceAdvancesOutstandingAmount>
		<otherExpensesAdvancedOutstandingAmount>.00000000</otherExpensesAdvancedOutstandingAmount>
		<paymentStatusLoanCode>0</paymentStatusLoanCode>
		<primaryServicerName>KeyBank</primaryServicerName>
		<assetSubjectDemandIndicator>false</assetSubjectDemandIndicator>
		<prepaymentPremiumYieldMaintenanceReceivedAmount>.00000000</prepaymentPremiumYieldMaintenanceReceivedAmount>
	</assets>
	<assets>
		<assetTypeNumber>Prospectus Loan ID</assetTypeNumber>
		<assetNumber>3</assetNumber>
		<GroupID>1</GroupID>
		<reportingPeriodBeginningDate>02-12-2026</reportingPeriodBeginningDate>
		<reportingPeriodEndDate>03-11-2026</reportingPeriodEndDate>
		<originatorName>UBS AG</originatorName>
		<originationDate>02-04-2025</originationDate>
		<originalLoanAmount>75000000.00000000</originalLoanAmount>
		<originalTermLoanNumber>120</originalTermLoanNumber>
		<maturityDate>02-06-2035</maturityDate>
		<originalAmortizationTermNumber>0</originalAmortizationTermNumber>
		<originalInterestRatePercentage>.06440000</originalInterestRatePercentage>
		<interestRateSecuritizationPercentage>.06440000</interestRateSecuritizationPercentage>
		<interestAccrualMethodCode>3</interestAccrualMethodCode>
		<originalInterestRateTypeCode>1</originalInterestRateTypeCode>
		<originalInterestOnlyTermNumber>120</originalInterestOnlyTermNumber>
		<firstLoanPaymentDueDate>03-06-2025</firstLoanPaymentDueDate>
		<underwritingIndicator>true</underwritingIndicator>
		<lienPositionSecuritizationCode>1</lienPositionSecuritizationCode>
		<loanStructureCode>PP</loanStructureCode>
		<paymentTypeCode>3</paymentTypeCode>
		<periodicPrincipalAndInterestPaymentSecuritizationAmount>402500.00000000</periodicPrincipalAndInterestPaymentSecuritizationAmount>
		<scheduledPrincipalBalanceSecuritizationAmount>75000000.00000000</scheduledPrincipalBalanceSecuritizationAmount>
		<paymentFrequencyCode>1</paymentFrequencyCode>
		<NumberPropertiesSecuritization>1</NumberPropertiesSecuritization>
		<NumberProperties>1</NumberProperties>
		<graceDaysAllowedNumber>0</graceDaysAllowedNumber>
		<interestOnlyIndicator>true</interestOnlyIndicator>
		<balloonIndicator>true</balloonIndicator>
		<prepaymentPremiumIndicator>false</prepaymentPremiumIndicator>
		<negativeAmortizationIndicator>false</negativeAmortizationIndicator>
		<modifiedIndicator>false</modifiedIndicator>
		<prepaymentLockOutEndDate>10-05-2034</prepaymentLockOutEndDate>
		<deferredInterestCumulativeAmount>.00000000</deferredInterestCumulativeAmount>
		<deferredInterestCollectedAmount>.00000000</deferredInterestCollectedAmount>
		<property>
			<propertyName>29-33 9th Ave (Soho House)</propertyName>
			<propertyAddress>29-33 Ninth Avenue</propertyAddress>
			<propertyCity>New York</propertyCity>
			<propertyState>NY</propertyState>
			<propertyZip>10011</propertyZip>
			<propertyCounty>New York</propertyCounty>
			<propertyTypeCode>MU</propertyTypeCode>
			<netRentableSquareFeetNumber>87537</netRentableSquareFeetNumber>
			<netRentableSquareFeetSecuritizationNumber>87537</netRentableSquareFeetSecuritizationNumber>
			<yearBuiltNumber>1903</yearBuiltNumber>
			<yearLastRenovated>2003</yearLastRenovated>
			<valuationSecuritizationAmount>231000000.00000000</valuationSecuritizationAmount>
			<valuationSourceSecuritizationCode>MAI</valuationSourceSecuritizationCode>
			<valuationSecuritizationDate>12-05-2024</valuationSecuritizationDate>
			<mostRecentValuationAmount>231000000.00000000</mostRecentValuationAmount>
			<mostRecentValuationDate>12-05-2024</mostRecentValuationDate>
			<mostRecentValuationSourceCode>MAI</mostRecentValuationSourceCode>
			<physicalOccupancySecuritizationPercentage>1.00000000</physicalOccupancySecuritizationPercentage>
			<propertyStatusCode>6</propertyStatusCode>
			<defeasanceOptionStartDate>08-06-2027</defeasanceOptionStartDate>
			<DefeasedStatusCode>X</DefeasedStatusCode>
			<largestTenant>Soho House New York LLC</largestTenant>
			<squareFeetLargestTenantNumber>69984</squareFeetLargestTenantNumber>
			<leaseExpirationLargestTenantDate>01-31-2034</leaseExpirationLargestTenantDate>
			<secondLargestTenant>HC Leaseco LLC (Chez Margaux)</secondLargestTenant>
			<squareFeetSecondLargestTenantNumber>9617</squareFeetSecondLargestTenantNumber>
			<leaseExpirationSecondLargestTenantDate>02-28-2035</leaseExpirationSecondLargestTenantDate>
			<thirdLargestTenant>European Crystal (Baccarat)</thirdLargestTenant>
			<squareFeetThirdLargestTenantNumber>3995</squareFeetThirdLargestTenantNumber>
			<leaseExpirationThirdLargestTenantDate>05-31-2035</leaseExpirationThirdLargestTenantDate>
			<financialsSecuritizationDate>11-30-2024</financialsSecuritizationDate>
			<revenueSecuritizationAmount>14653657.00000000</revenueSecuritizationAmount>
			<operatingExpensesSecuritizationAmount>2513592.00000000</operatingExpensesSecuritizationAmount>
			<netOperatingIncomeSecuritizationAmount>12140065.00000000</netOperatingIncomeSecuritizationAmount>
			<netCashFlowFlowSecuritizationAmount>11443857.00000000</netCashFlowFlowSecuritizationAmount>
			<netOperatingIncomeNetCashFlowSecuritizationCode>UW</netOperatingIncomeNetCashFlowSecuritizationCode>
			<netOperatingIncomeNetCashFlowCode>CREFC</netOperatingIncomeNetCashFlowCode>
			<debtServiceCoverageNetOperatingIncomeSecuritizationPercentage>1.38000000</debtServiceCoverageNetOperatingIncomeSecuritizationPercentage>
			<debtServiceCoverageNetCashFlowSecuritizationPercentage>1.30000000</debtServiceCoverageNetCashFlowSecuritizationPercentage>
			<debtServiceCoverageSecuritizationCode>F</debtServiceCoverageSecuritizationCode>
			<mostRecentAnnualLeaseRolloverReviewDate>11-30-2024</mostRecentAnnualLeaseRolloverReviewDate>
		</property>
		<assetAddedIndicator>false</assetAddedIndicator>
		<reportPeriodModificationIndicator>false</reportPeriodModificationIndicator>
		<reportPeriodBeginningScheduleLoanBalanceAmount>75000000.00000000</reportPeriodBeginningScheduleLoanBalanceAmount>
		<totalScheduledPrincipalInterestDueAmount>375666.67000000</totalScheduledPrincipalInterestDueAmount>
		<reportPeriodInterestRatePercentage>.06440000</reportPeriodInterestRatePercentage>
		<servicerTrusteeFeeRatePercentage>.00016970</servicerTrusteeFeeRatePercentage>
		<scheduledInterestAmount>375666.67000000</scheduledInterestAmount>
		<scheduledPrincipalAmount>.00000000</scheduledPrincipalAmount>
		<otherPrincipalAdjustmentAmount>.00000000</otherPrincipalAdjustmentAmount>
		<reportPeriodEndActualBalanceAmount>75000000.00000000</reportPeriodEndActualBalanceAmount>
		<reportPeriodEndScheduledLoanBalanceAmount>75000000.00000000</reportPeriodEndScheduledLoanBalanceAmount>
		<paidThroughDate>03-06-2026</paidThroughDate>
		<servicingAdvanceMethodCode>1</servicingAdvanceMethodCode>
		<nonRecoverabilityIndicator>false</nonRecoverabilityIndicator>
		<totalPrincipalInterestAdvancedOutstandingAmount>.00000000</totalPrincipalInterestAdvancedOutstandingAmount>
		<totalTaxesInsuranceAdvancesOutstandingAmount>.00000000</totalTaxesInsuranceAdvancesOutstandingAmount>
		<otherExpensesAdvancedOutstandingAmount>5000.00000000</otherExpensesAdvancedOutstandingAmount>
		<paymentStatusLoanCode>0</paymentStatusLoanCode>
		<primaryServicerName>Midland</primaryServicerName>
		<assetSubjectDemandIndicator>false</assetSubjectDemandIndicator>
		<prepaymentPremiumYieldMaintenanceReceivedAmount>.00000000</prepaymentPremiumYieldMaintenanceReceivedAmount>
	</assets>
	<assets>
		<assetTypeNumber>Prospectus Loan ID</assetTypeNumber>
		<assetNumber>4</assetNumber>
		<GroupID>1</GroupID>
		<reportingPeriodBeginningDate>02-12-2026</reportingPeriodBeginningDate>
		<reportingPeriodEndDate>03-11-2026</reportingPeriodEndDate>
		<originatorName>Bank of America, N.A., JPMorgan Chase Bank, National Association</originatorName>
		<originationDate>02-27-2025</originationDate>
		<originalLoanAmount>75000000.00000000</originalLoanAmount>
		<originalTermLoanNumber>120</originalTermLoanNumber>
		<maturityDate>03-01-2035</maturityDate>
		<originalAmortizationTermNumber>360</originalAmortizationTermNumber>
		<originalInterestRatePercentage>.05491000</originalInterestRatePercentage>
		<interestRateSecuritizationPercentage>.05491000</interestRateSecuritizationPercentage>
		<interestAccrualMethodCode>3</interestAccrualMethodCode>
		<originalInterestRateTypeCode>1</originalInterestRateTypeCode>
		<originalInterestOnlyTermNumber>0</originalInterestOnlyTermNumber>
		<firstLoanPaymentDueDate>04-01-2025</firstLoanPaymentDueDate>
		<underwritingIndicator>true</underwritingIndicator>
		<lienPositionSecuritizationCode>1</lienPositionSecuritizationCode>
		<loanStructureCode>PP</loanStructureCode>
		<paymentTypeCode>2</paymentTypeCode>
		<periodicPrincipalAndInterestPaymentSecuritizationAmount>425418.35000000</periodicPrincipalAndInterestPaymentSecuritizationAmount>
		<scheduledPrincipalBalanceSecuritizationAmount>74691877.83000000</scheduledPrincipalBalanceSecuritizationAmount>
		<paymentFrequencyCode>1</paymentFrequencyCode>
		<NumberPropertiesSecuritization>1</NumberPropertiesSecuritization>
		<NumberProperties>1</NumberProperties>
		<graceDaysAllowedNumber>0</graceDaysAllowedNumber>
		<interestOnlyIndicator>false</interestOnlyIndicator>
		<balloonIndicator>true</balloonIndicator>
		<prepaymentPremiumIndicator>false</prepaymentPremiumIndicator>
		<negativeAmortizationIndicator>false</negativeAmortizationIndicator>
		<modifiedIndicator>false</modifiedIndicator>
		<prepaymentLockOutEndDate>08-31-2034</prepaymentLockOutEndDate>
		<deferredInterestCumulativeAmount>.00000000</deferredInterestCumulativeAmount>
		<deferredInterestCollectedAmount>.00000000</deferredInterestCollectedAmount>
		<property>
			<propertyName>Marriott HQ</propertyName>
			<propertyAddress>7750 Wisconsin Ave</propertyAddress>
			<propertyCity>Bethesda</propertyCity>
			<propertyState>MD</propertyState>
			<propertyZip>20814</propertyZip>
			<propertyCounty>Montgomery</propertyCounty>
			<propertyTypeCode>OF</propertyTypeCode>
			<netRentableSquareFeetNumber>743448</netRentableSquareFeetNumber>
			<netRentableSquareFeetSecuritizationNumber>743448</netRentableSquareFeetSecuritizationNumber>
			<yearBuiltNumber>2022</yearBuiltNumber>
			<valuationSecuritizationAmount>485000000.00000000</valuationSecuritizationAmount>
			<valuationSourceSecuritizationCode>MAI</valuationSourceSecuritizationCode>
			<valuationSecuritizationDate>01-14-2025</valuationSecuritizationDate>
			<mostRecentValuationAmount>485000000.00000000</mostRecentValuationAmount>
			<mostRecentValuationDate>01-14-2025</mostRecentValuationDate>
			<mostRecentValuationSourceCode>MAI</mostRecentValuationSourceCode>
			<physicalOccupancySecuritizationPercentage>1.00000000</physicalOccupancySecuritizationPercentage>
			<propertyStatusCode>6</propertyStatusCode>
			<defeasanceOptionStartDate>08-01-2027</defeasanceOptionStartDate>
			<DefeasedStatusCode>N</DefeasedStatusCode>
			<largestTenant>Marriott Bethesda HQ</largestTenant>
			<squareFeetLargestTenantNumber>743448</squareFeetLargestTenantNumber>
			<leaseExpirationLargestTenantDate>05-31-2042</leaseExpirationLargestTenantDate>
			<financialsSecuritizationDate>02-28-2025</financialsSecuritizationDate>
			<revenueSecuritizationAmount>31171210.00000000</revenueSecuritizationAmount>
			<operatingExpensesSecuritizationAmount>935979.00000000</operatingExpensesSecuritizationAmount>
			<netOperatingIncomeSecuritizationAmount>30235231.00000000</netOperatingIncomeSecuritizationAmount>
			<netCashFlowFlowSecuritizationAmount>30160887.00000000</netCashFlowFlowSecuritizationAmount>
			<netOperatingIncomeNetCashFlowSecuritizationCode>UW</netOperatingIncomeNetCashFlowSecuritizationCode>
			<netOperatingIncomeNetCashFlowCode>CREFC</netOperatingIncomeNetCashFlowCode>
			<debtServiceCoverageNetOperatingIncomeSecuritizationPercentage>1.76000000</debtServiceCoverageNetOperatingIncomeSecuritizationPercentage>
			<debtServiceCoverageNetCashFlowSecuritizationPercentage>1.76000000</debtServiceCoverageNetCashFlowSecuritizationPercentage>
			<debtServiceCoverageSecuritizationCode>F</debtServiceCoverageSecuritizationCode>
			<mostRecentDebtServiceCoverageCode>F</mostRecentDebtServiceCoverageCode>
			<mostRecentAnnualLeaseRolloverReviewDate>12-31-2025</mostRecentAnnualLeaseRolloverReviewDate>
		</property>
		<assetAddedIndicator>false</assetAddedIndicator>
		<reportPeriodModificationIndicator>false</reportPeriodModificationIndicator>
		<reportPeriodBeginningScheduleLoanBalanceAmount>74155868.97000000</reportPeriodBeginningScheduleLoanBalanceAmount>
		<totalScheduledPrincipalInterestDueAmount>425418.33000000</totalScheduledPrincipalInterestDueAmount>
		<reportPeriodInterestRatePercentage>.05491000</reportPeriodInterestRatePercentage>
		<servicerTrusteeFeeRatePercentage>.00018220</servicerTrusteeFeeRatePercentage>
		<scheduledInterestAmount>316703.24000000</scheduledInterestAmount>
		<scheduledPrincipalAmount>108715.09000000</scheduledPrincipalAmount>
		<otherPrincipalAdjustmentAmount>.00000000</otherPrincipalAdjustmentAmount>
		<reportPeriodEndActualBalanceAmount>74047153.88000000</reportPeriodEndActualBalanceAmount>
		<reportPeriodEndScheduledLoanBalanceAmount>74047153.88000000</reportPeriodEndScheduledLoanBalanceAmount>
		<paidThroughDate>03-01-2026</paidThroughDate>
		<servicingAdvanceMethodCode>1</servicingAdvanceMethodCode>
		<nonRecoverabilityIndicator>false</nonRecoverabilityIndicator>
		<totalPrincipalInterestAdvancedOutstandingAmount>.00000000</totalPrincipalInterestAdvancedOutstandingAmount>
		<totalTaxesInsuranceAdvancesOutstandingAmount>.00000000</totalTaxesInsuranceAdvancesOutstandingAmount>
		<otherExpensesAdvancedOutstandingAmount>.00000000</otherExpensesAdvancedOutstandingAmount>
		<paymentStatusLoanCode>0</paymentStatusLoanCode>
		<primaryServicerName>Midland</primaryServicerName>
		<assetSubjectDemandIndicator>false</assetSubjectDemandIndicator>
		<prepaymentPremiumYieldMaintenanceReceivedAmount>.00000000</prepaymentPremiumYieldMaintenanceReceivedAmount>
	</assets>
	<assets>
		<assetTypeNumber>Prospectus Loan ID</assetTypeNumber>
		<assetNumber>5</assetNumber>
		<GroupID>1</GroupID>
		<reportingPeriodBeginningDate>02-12-2026</reportingPeriodBeginningDate>
		<reportingPeriodEndDate>03-11-2026</reportingPeriodEndDate>
		<originatorName>German American Capital Corporation, Goldman Sachs Bank USA</originatorName>
		<originationDate>03-27-2025</originationDate>
		<originalLoanAmount>70000000.00000000</originalLoanAmount>
		<originalTermLoanNumber>120</originalTermLoanNumber>
		<maturityDate>04-06-2035</maturityDate>
		<originalAmortizationTermNumber>0</originalAmortizationTermNumber>
		<originalInterestRatePercentage>.05577000</originalInterestRatePercentage>
		<interestRateSecuritizationPercentage>.05577000</interestRateSecuritizationPercentage>
		<interestAccrualMethodCode>3</interestAccrualMethodCode>
		<originalInterestRateTypeCode>1</originalInterestRateTypeCode>
		<originalInterestOnlyTermNumber>120</originalInterestOnlyTermNumber>
		<firstLoanPaymentDueDate>05-06-2025</firstLoanPaymentDueDate>
		<underwritingIndicator>true</underwritingIndicator>
		<lienPositionSecuritizationCode>1</lienPositionSecuritizationCode>
		<loanStructureCode>PP</loanStructureCode>
		<paymentTypeCode>3</paymentTypeCode>
		<periodicPrincipalAndInterestPaymentSecuritizationAmount>325325.00000000</periodicPrincipalAndInterestPaymentSecuritizationAmount>
		<scheduledPrincipalBalanceSecuritizationAmount>70000000.00000000</scheduledPrincipalBalanceSecuritizationAmount>
		<paymentFrequencyCode>1</paymentFrequencyCode>
		<NumberPropertiesSecuritization>1</NumberPropertiesSecuritization>
		<NumberProperties>1</NumberProperties>
		<graceDaysAllowedNumber>5</graceDaysAllowedNumber>
		<interestOnlyIndicator>true</interestOnlyIndicator>
		<balloonIndicator>true</balloonIndicator>
		<prepaymentPremiumIndicator>true</prepaymentPremiumIndicator>
		<negativeAmortizationIndicator>false</negativeAmortizationIndicator>
		<modifiedIndicator>false</modifiedIndicator>
		<prepaymentLockOutEndDate>08-05-2027</prepaymentLockOutEndDate>
		<yieldMaintenanceEndDate>10-05-2034</yieldMaintenanceEndDate>
		<prepaymentPremiumsEndDate>10-05-2034</prepaymentPremiumsEndDate>
		<deferredInterestCumulativeAmount>.00000000</deferredInterestCumulativeAmount>
		<deferredInterestCollectedAmount>.00000000</deferredInterestCollectedAmount>
		<property>
			<propertyName>Washington Square</propertyName>
			<propertyAddress>9585 Southwest Washington Square Road</propertyAddress>
			<propertyCity>Portland</propertyCity>
			<propertyState>OR</propertyState>
			<propertyZip>97223</propertyZip>
			<propertyCounty>Washington</propertyCounty>
			<propertyTypeCode>RT</propertyTypeCode>
			<netRentableSquareFeetNumber>994568</netRentableSquareFeetNumber>
			<netRentableSquareFeetSecuritizationNumber>994568</netRentableSquareFeetSecuritizationNumber>
			<yearBuiltNumber>1974</yearBuiltNumber>
			<yearLastRenovated>2019</yearLastRenovated>
			<valuationSecuritizationAmount>655000000.00000000</valuationSecuritizationAmount>
			<valuationSourceSecuritizationCode>MAI</valuationSourceSecuritizationCode>
			<valuationSecuritizationDate>03-01-2025</valuationSecuritizationDate>
			<mostRecentValuationAmount>655000000.00000000</mostRecentValuationAmount>
			<mostRecentValuationDate>03-01-2025</mostRecentValuationDate>
			<mostRecentValuationSourceCode>MAI</mostRecentValuationSourceCode>
			<physicalOccupancySecuritizationPercentage>.85600000</physicalOccupancySecuritizationPercentage>
			<mostRecentPhysicalOccupancyPercentage>1.00000000</mostRecentPhysicalOccupancyPercentage>
			<propertyStatusCode>6</propertyStatusCode>
			<defeasanceOptionStartDate>08-06-2027</defeasanceOptionStartDate>
			<DefeasedStatusCode>N</DefeasedStatusCode>
			<largestTenant>Macy's</largestTenant>
			<squareFeetLargestTenantNumber>242505</squareFeetLargestTenantNumber>
			<leaseExpirationLargestTenantDate>01-31-2028</leaseExpirationLargestTenantDate>
			<secondLargestTenant>JCPenney</secondLargestTenant>
			<squareFeetSecondLargestTenantNumber>210585</squareFeetSecondLargestTenantNumber>
			<leaseExpirationSecondLargestTenantDate>08-31-2030</leaseExpirationSecondLargestTenantDate>
			<thirdLargestTenant>MS Portfolio, LLC</thirdLargestTenant>
			<squareFeetThirdLargestTenantNumber>195137</squareFeetThirdLargestTenantNumber>
			<leaseExpirationThirdLargestTenantDate>12-31-2099</leaseExpirationThirdLargestTenantDate>
			<financialsSecuritizationDate>12-31-2024</financialsSecuritizationDate>
			<mostRecentFinancialsStartDate>01-01-2025</mostRecentFinancialsStartDate>
			<mostRecentFinancialsEndDate>09-30-2025</mostRecentFinancialsEndDate>
			<revenueSecuritizationAmount>52293715.00000000</revenueSecuritizationAmount>
			<mostRecentRevenueAmount>53976553.33330000</mostRecentRevenueAmount>
			<operatingExpensesSecuritizationAmount>11301353.00000000</operatingExpensesSecuritizationAmount>
			<operatingExpensesAmount>10476516.17330000</operatingExpensesAmount>
			<netOperatingIncomeSecuritizationAmount>40992362.00000000</netOperatingIncomeSecuritizationAmount>
			<mostRecentNetOperatingIncomeAmount>43500037.16000000</mostRecentNetOperatingIncomeAmount>
			<netCashFlowFlowSecuritizationAmount>39798880.00000000</netCashFlowFlowSecuritizationAmount>
			<mostRecentNetCashFlowAmount>42306555.16000000</mostRecentNetCashFlowAmount>
			<netOperatingIncomeNetCashFlowSecuritizationCode>UW</netOperatingIncomeNetCashFlowSecuritizationCode>
			<netOperatingIncomeNetCashFlowCode>CREFC</netOperatingIncomeNetCashFlowCode>
			<mostRecentDebtServiceAmount>19520727.24000000</mostRecentDebtServiceAmount>
			<debtServiceCoverageNetOperatingIncomeSecuritizationPercentage>2.13000000</debtServiceCoverageNetOperatingIncomeSecuritizationPercentage>
			<mostRecentDebtServiceCoverageNetOperatingIncomePercentage>2.22840000</mostRecentDebtServiceCoverageNetOperatingIncomePercentage>
			<debtServiceCoverageNetCashFlowSecuritizationPercentage>2.07000000</debtServiceCoverageNetCashFlowSecuritizationPercentage>
			<mostRecentDebtServiceCoverageNetCashFlowpercentage>2.16730000</mostRecentDebtServiceCoverageNetCashFlowpercentage>
			<debtServiceCoverageSecuritizationCode>F</debtServiceCoverageSecuritizationCode>
			<mostRecentDebtServiceCoverageCode>F</mostRecentDebtServiceCoverageCode>
			<mostRecentAnnualLeaseRolloverReviewDate>09-30-2025</mostRecentAnnualLeaseRolloverReviewDate>
		</property>
		<assetAddedIndicator>false</assetAddedIndicator>
		<reportPeriodModificationIndicator>false</reportPeriodModificationIndicator>
		<reportPeriodBeginningScheduleLoanBalanceAmount>70000000.00000000</reportPeriodBeginningScheduleLoanBalanceAmount>
		<totalScheduledPrincipalInterestDueAmount>303636.67000000</totalScheduledPrincipalInterestDueAmount>
		<reportPeriodInterestRatePercentage>.05577000</reportPeriodInterestRatePercentage>
		<servicerTrusteeFeeRatePercentage>.00016970</servicerTrusteeFeeRatePercentage>
		<scheduledInterestAmount>303636.67000000</scheduledInterestAmount>
		<scheduledPrincipalAmount>.00000000</scheduledPrincipalAmount>
		<otherPrincipalAdjustmentAmount>.00000000</otherPrincipalAdjustmentAmount>
		<reportPeriodEndActualBalanceAmount>70000000.00000000</reportPeriodEndActualBalanceAmount>
		<reportPeriodEndScheduledLoanBalanceAmount>70000000.00000000</reportPeriodEndScheduledLoanBalanceAmount>
		<paidThroughDate>03-06-2026</paidThroughDate>
		<servicingAdvanceMethodCode>1</servicingAdvanceMethodCode>
		<nonRecoverabilityIndicator>false</nonRecoverabilityIndicator>
		<totalPrincipalInterestAdvancedOutstandingAmount>.00000000</totalPrincipalInterestAdvancedOutstandingAmount>
		<totalTaxesInsuranceAdvancesOutstandingAmount>.00000000</totalTaxesInsuranceAdvancesOutstandingAmount>
		<otherExpensesAdvancedOutstandingAmount>.00000000</otherExpensesAdvancedOutstandingAmount>
		<paymentStatusLoanCode>0</paymentStatusLoanCode>
		<primaryServicerName>Trimont LLC</primaryServicerName>
		<assetSubjectDemandIndicator>false</assetSubjectDemandIndicator>
		<prepaymentPremiumYieldMaintenanceReceivedAmount>.00000000</prepaymentPremiumYieldMaintenanceReceivedAmount>
	</assets>
	<assets>
		<assetTypeNumber>Prospectus Loan ID</assetTypeNumber>
		<assetNumber>6</assetNumber>
		<GroupID>1</GroupID>
		<reportingPeriodBeginningDate>02-12-2026</reportingPeriodBeginningDate>
		<reportingPeriodEndDate>03-11-2026</reportingPeriodEndDate>
		<originatorName>JPMorgan Chase Bank, National Association</originatorName>
		<originationDate>04-30-2025</originationDate>
		<originalLoanAmount>45000000.00000000</originalLoanAmount>
		<originalTermLoanNumber>120</originalTermLoanNumber>
		<maturityDate>05-01-2035</maturityDate>
		<originalAmortizationTermNumber>0</originalAmortizationTermNumber>
		<originalInterestRatePercentage>.06350000</originalInterestRatePercentage>
		<interestRateSecuritizationPercentage>.06350000</interestRateSecuritizationPercentage>
		<interestAccrualMethodCode>3</interestAccrualMethodCode>
		<originalInterestRateTypeCode>1</originalInterestRateTypeCode>
		<originalInterestOnlyTermNumber>120</originalInterestOnlyTermNumber>
		<firstLoanPaymentDueDate>06-01-2025</firstLoanPaymentDueDate>
		<underwritingIndicator>true</underwritingIndicator>
		<lienPositionSecuritizationCode>1</lienPositionSecuritizationCode>
		<loanStructureCode>PP</loanStructureCode>
		<paymentTypeCode>3</paymentTypeCode>
		<periodicPrincipalAndInterestPaymentSecuritizationAmount>238125.00000000</periodicPrincipalAndInterestPaymentSecuritizationAmount>
		<scheduledPrincipalBalanceSecuritizationAmount>45000000.00000000</scheduledPrincipalBalanceSecuritizationAmount>
		<paymentFrequencyCode>1</paymentFrequencyCode>
		<NumberPropertiesSecuritization>25</NumberPropertiesSecuritization>
		<NumberProperties>25</NumberProperties>
		<graceDaysAllowedNumber>0</graceDaysAllowedNumber>
		<interestOnlyIndicator>true</interestOnlyIndicator>
		<balloonIndicator>true</balloonIndicator>
		<prepaymentPremiumIndicator>true</prepaymentPremiumIndicator>
		<negativeAmortizationIndicator>false</negativeAmortizationIndicator>
		<modifiedIndicator>false</modifiedIndicator>
		<prepaymentLockOutEndDate>06-30-2027</prepaymentLockOutEndDate>
		<yieldMaintenanceEndDate>11-30-2034</yieldMaintenanceEndDate>
		<prepaymentPremiumsEndDate>11-30-2034</prepaymentPremiumsEndDate>
		<deferredInterestCumulativeAmount>.00000000</deferredInterestCumulativeAmount>
		<deferredInterestCollectedAmount>.00000000</deferredInterestCollectedAmount>
		<property>
			<propertyName>Meyers</propertyName>
			<propertyAddress>18700 Meyers Road</propertyAddress>
			<propertyCity>Detroit</propertyCity>
			<propertyState>MI</propertyState>
			<propertyZip>48235</propertyZip>
			<propertyCounty>Wayne</propertyCounty>
			<propertyTypeCode>RT</propertyTypeCode>
			<netRentableSquareFeetNumber>139056</netRentableSquareFeetNumber>
			<netRentableSquareFeetSecuritizationNumber>139056</netRentableSquareFeetSecuritizationNumber>
			<yearBuiltNumber>1998</yearBuiltNumber>
			<yearLastRenovated>2002</yearLastRenovated>
			<valuationSecuritizationAmount>22300000.00000000</valuationSecuritizationAmount>
			<valuationSourceSecuritizationCode>MAI</valuationSourceSecuritizationCode>
			<valuationSecuritizationDate>01-15-2025</valuationSecuritizationDate>
			<mostRecentValuationAmount>22300000.00000000</mostRecentValuationAmount>
			<mostRecentValuationDate>01-15-2025</mostRecentValuationDate>
			<mostRecentValuationSourceCode>MAI</mostRecentValuationSourceCode>
			<physicalOccupancySecuritizationPercentage>1.00000000</physicalOccupancySecuritizationPercentage>
			<propertyStatusCode>6</propertyStatusCode>
			<DefeasedStatusCode>X</DefeasedStatusCode>
			<largestTenant>The Home Depot</largestTenant>
			<squareFeetLargestTenantNumber>139056</squareFeetLargestTenantNumber>
			<leaseExpirationLargestTenantDate>11-30-2028</leaseExpirationLargestTenantDate>
			<financialsSecuritizationDate>05-31-2025</financialsSecuritizationDate>
			<revenueSecuritizationAmount>1251715.00000000</revenueSecuritizationAmount>
			<operatingExpensesSecuritizationAmount>78894.00000000</operatingExpensesSecuritizationAmount>
			<netOperatingIncomeSecuritizationAmount>1172821.00000000</netOperatingIncomeSecuritizationAmount>
			<netCashFlowFlowSecuritizationAmount>1096340.00000000</netCashFlowFlowSecuritizationAmount>
			<netOperatingIncomeNetCashFlowSecuritizationCode>UW</netOperatingIncomeNetCashFlowSecuritizationCode>
			<netOperatingIncomeNetCashFlowCode>CREFC</netOperatingIncomeNetCashFlowCode>
			<mostRecentDebtServiceCoverageCode>C</mostRecentDebtServiceCoverageCode>
			<mostRecentAnnualLeaseRolloverReviewDate>04-01-2025</mostRecentAnnualLeaseRolloverReviewDate>
		</property>
		<property>
			<propertyName>Westown Square</propertyName>
			<propertyAddress>10604, 10612-10616 Lorain Avenue 10620,10622,10626,10630,10634,10642 Lorain Ave</propertyAddress>
			<propertyCity>Cleveland</propertyCity>
			<propertyState>OH</propertyState>
			<propertyZip>44111</propertyZip>
			<propertyCounty>Cuyahoga</propertyCounty>
			<propertyTypeCode>RT</propertyTypeCode>
			<netRentableSquareFeetNumber>176761</netRentableSquareFeetNumber>
			<netRentableSquareFeetSecuritizationNumber>176761</netRentableSquareFeetSecuritizationNumber>
			<yearBuiltNumber>1988</yearBuiltNumber>
			<yearLastRenovated>2013</yearLastRenovated>
			<valuationSecuritizationAmount>15600000.00000000</valuationSecuritizationAmount>
			<valuationSourceSecuritizationCode>MAI</valuationSourceSecuritizationCode>
			<valuationSecuritizationDate>02-07-2025</valuationSecuritizationDate>
			<mostRecentValuationAmount>15600000.00000000</mostRecentValuationAmount>
			<mostRecentValuationDate>02-07-2025</mostRecentValuationDate>
			<mostRecentValuationSourceCode>MAI</mostRecentValuationSourceCode>
			<physicalOccupancySecuritizationPercentage>.96700000</physicalOccupancySecuritizationPercentage>
			<propertyStatusCode>6</propertyStatusCode>
			<DefeasedStatusCode>X</DefeasedStatusCode>
			<largestTenant>Shoppers World</largestTenant>
			<squareFeetLargestTenantNumber>52000</squareFeetLargestTenantNumber>
			<leaseExpirationLargestTenantDate>02-29-2028</leaseExpirationLargestTenantDate>
			<secondLargestTenant>Fashion Gallery, Inc.</secondLargestTenant>
			<squareFeetSecondLargestTenantNumber>23000</squareFeetSecondLargestTenantNumber>
			<leaseExpirationSecondLargestTenantDate>04-30-2028</leaseExpirationSecondLargestTenantDate>
			<thirdLargestTenant>Cleveland Fresh Food</thirdLargestTenant>
			<squareFeetThirdLargestTenantNumber>18000</squareFeetThirdLargestTenantNumber>
			<leaseExpirationThirdLargestTenantDate>02-28-2030</leaseExpirationThirdLargestTenantDate>
			<financialsSecuritizationDate>05-31-2025</financialsSecuritizationDate>
			<revenueSecuritizationAmount>2396462.00000000</revenueSecuritizationAmount>
			<operatingExpensesSecuritizationAmount>794326.00000000</operatingExpensesSecuritizationAmount>
			<netOperatingIncomeSecuritizationAmount>1602135.00000000</netOperatingIncomeSecuritizationAmount>
			<netCashFlowFlowSecuritizationAmount>1504917.00000000</netCashFlowFlowSecuritizationAmount>
			<netOperatingIncomeNetCashFlowSecuritizationCode>UW</netOperatingIncomeNetCashFlowSecuritizationCode>
			<netOperatingIncomeNetCashFlowCode>CREFC</netOperatingIncomeNetCashFlowCode>
			<mostRecentDebtServiceCoverageCode>C</mostRecentDebtServiceCoverageCode>
			<mostRecentAnnualLeaseRolloverReviewDate>04-01-2025</mostRecentAnnualLeaseRolloverReviewDate>
		</property>
		<property>
			<propertyName>Rodney Village</propertyName>
			<propertyAddress>1606, 1616-1618,1622 South Governors Avenue 1626-1634,1646,1660,1672,1678-1680 S Governors Ave</propertyAddress>
			<propertyCity>Dover</propertyCity>
			<propertyState>DE</propertyState>
			<propertyZip>19904</propertyZip>
			<propertyCounty>Kent</propertyCounty>
			<propertyTypeCode>RT</propertyTypeCode>
			<netRentableSquareFeetNumber>213468</netRentableSquareFeetNumber>
			<netRentableSquareFeetSecuritizationNumber>213468</netRentableSquareFeetSecuritizationNumber>
			<yearBuiltNumber>1960</yearBuiltNumber>
			<yearLastRenovated>2004</yearLastRenovated>
			<valuationSecuritizationAmount>14000000.00000000</valuationSecuritizationAmount>
			<valuationSourceSecuritizationCode>MAI</valuationSourceSecuritizationCode>
			<valuationSecuritizationDate>01-09-2025</valuationSecuritizationDate>
			<mostRecentValuationAmount>14000000.00000000</mostRecentValuationAmount>
			<mostRecentValuationDate>01-09-2025</mostRecentValuationDate>
			<mostRecentValuationSourceCode>MAI</mostRecentValuationSourceCode>
			<physicalOccupancySecuritizationPercentage>.95200000</physicalOccupancySecuritizationPercentage>
			<propertyStatusCode>6</propertyStatusCode>
			<DefeasedStatusCode>X</DefeasedStatusCode>
			<largestTenant>Ollie's</largestTenant>
			<squareFeetLargestTenantNumber>39888</squareFeetLargestTenantNumber>
			<leaseExpirationLargestTenantDate>05-31-2028</leaseExpirationLargestTenantDate>
			<secondLargestTenant>Goodwill</secondLargestTenant>
			<squareFeetSecondLargestTenantNumber>20055</squareFeetSecondLargestTenantNumber>
			<leaseExpirationSecondLargestTenantDate>12-31-2027</leaseExpirationSecondLargestTenantDate>
			<thirdLargestTenant>Dollar Tree</thirdLargestTenant>
			<squareFeetThirdLargestTenantNumber>19400</squareFeetThirdLargestTenantNumber>
			<leaseExpirationThirdLargestTenantDate>09-30-2031</leaseExpirationThirdLargestTenantDate>
			<financialsSecuritizationDate>05-31-2025</financialsSecuritizationDate>
			<revenueSecuritizationAmount>1799806.00000000</revenueSecuritizationAmount>
			<operatingExpensesSecuritizationAmount>372977.00000000</operatingExpensesSecuritizationAmount>
			<netOperatingIncomeSecuritizationAmount>1426829.00000000</netOperatingIncomeSecuritizationAmount>
			<netCashFlowFlowSecuritizationAmount>1309421.00000000</netCashFlowFlowSecuritizationAmount>
			<netOperatingIncomeNetCashFlowSecuritizationCode>UW</netOperatingIncomeNetCashFlowSecuritizationCode>
			<netOperatingIncomeNetCashFlowCode>CREFC</netOperatingIncomeNetCashFlowCode>
			<mostRecentDebtServiceCoverageCode>C</mostRecentDebtServiceCoverageCode>
			<mostRecentAnnualLeaseRolloverReviewDate>04-01-2025</mostRecentAnnualLeaseRolloverReviewDate>
		</property>
		<property>
			<propertyName>Mattatuck Plaza</propertyName>
			<propertyAddress>650 &amp; 670 Wolcott Street</propertyAddress>
			<propertyCity>Waterbury</propertyCity>
			<propertyState>CT</propertyState>
			<propertyZip>6705</propertyZip>
			<propertyCounty>New Haven</propertyCounty>
			<propertyTypeCode>RT</propertyTypeCode>
			<netRentableSquareFeetNumber>147010</netRentableSquareFeetNumber>
			<netRentableSquareFeetSecuritizationNumber>147010</netRentableSquareFeetSecuritizationNumber>
			<yearBuiltNumber>1978</yearBuiltNumber>
			<yearLastRenovated>2009</yearLastRenovated>
			<valuationSecuritizationAmount>13700000.00000000</valuationSecuritizationAmount>
			<valuationSourceSecuritizationCode>MAI</valuationSourceSecuritizationCode>
			<valuationSecuritizationDate>01-14-2025</valuationSecuritizationDate>
			<mostRecentValuationAmount>13700000.00000000</mostRecentValuationAmount>
			<mostRecentValuationDate>01-09-2025</mostRecentValuationDate>
			<mostRecentValuationSourceCode>MAI</mostRecentValuationSourceCode>
			<physicalOccupancySecuritizationPercentage>.88200000</physicalOccupancySecuritizationPercentage>
			<propertyStatusCode>6</propertyStatusCode>
			<DefeasedStatusCode>X</DefeasedStatusCode>
			<largestTenant>Red, White, &amp; Blue Thrift</largestTenant>
			<squareFeetLargestTenantNumber>28570</squareFeetLargestTenantNumber>
			<leaseExpirationLargestTenantDate>05-31-2034</leaseExpirationLargestTenantDate>
			<secondLargestTenant>Deals on Wheels</secondLargestTenant>
			<squareFeetSecondLargestTenantNumber>24228</squareFeetSecondLargestTenantNumber>
			<leaseExpirationSecondLargestTenantDate>06-01-2030</leaseExpirationSecondLargestTenantDate>
			<thirdLargestTenant>Harbor Freight Tools</thirdLargestTenant>
			<squareFeetThirdLargestTenantNumber>16813</squareFeetThirdLargestTenantNumber>
			<leaseExpirationThirdLargestTenantDate>01-15-2028</leaseExpirationThirdLargestTenantDate>
			<financialsSecuritizationDate>05-31-2025</financialsSecuritizationDate>
			<revenueSecuritizationAmount>1921219.00000000</revenueSecuritizationAmount>
			<operatingExpensesSecuritizationAmount>796603.00000000</operatingExpensesSecuritizationAmount>
			<netOperatingIncomeSecuritizationAmount>1124616.00000000</netOperatingIncomeSecuritizationAmount>
			<netCashFlowFlowSecuritizationAmount>1043761.00000000</netCashFlowFlowSecuritizationAmount>
			<netOperatingIncomeNetCashFlowSecuritizationCode>UW</netOperatingIncomeNetCashFlowSecuritizationCode>
			<netOperatingIncomeNetCashFlowCode>CREFC</netOperatingIncomeNetCashFlowCode>
			<mostRecentDebtServiceCoverageCode>C</mostRecentDebtServiceCoverageCode>
			<mostRecentAnnualLeaseRolloverReviewDate>04-01-2025</mostRecentAnnualLeaseRolloverReviewDate>
		</property>
		<property>
			<propertyName>Athens Town Center</propertyName>
			<propertyAddress>547, 601-613 US Hwy 72 West 617-629, 635-645, 649-651, 655, 659-661 US Hwy 72W</propertyAddress>
			<propertyCity>Athens</propertyCity>
			<propertyState>AL</propertyState>
			<propertyZip>35611</propertyZip>
			<propertyCounty>Limestone</propertyCounty>
			<propertyTypeCode>RT</propertyTypeCode>
			<netRentableSquareFeetNumber>209124</netRentableSquareFeetNumber>
			<netRentableSquareFeetSecuritizationNumber>209124</netRentableSquareFeetSecuritizationNumber>
			<yearBuiltNumber>1988</yearBuiltNumber>
			<valuationSecuritizationAmount>13600000.00000000</valuationSecuritizationAmount>
			<valuationSourceSecuritizationCode>MAI</valuationSourceSecuritizationCode>
			<valuationSecuritizationDate>01-16-2025</valuationSecuritizationDate>
			<mostRecentValuationAmount>13600000.00000000</mostRecentValuationAmount>
			<mostRecentValuationDate>01-16-2025</mostRecentValuationDate>
			<mostRecentValuationSourceCode>MAI</mostRecentValuationSourceCode>
			<physicalOccupancySecuritizationPercentage>.97400000</physicalOccupancySecuritizationPercentage>
			<propertyStatusCode>6</propertyStatusCode>
			<DefeasedStatusCode>X</DefeasedStatusCode>
			<largestTenant>Tractor Supply</largestTenant>
			<squareFeetLargestTenantNumber>30730</squareFeetLargestTenantNumber>
			<leaseExpirationLargestTenantDate>03-31-2031</leaseExpirationLargestTenantDate>
			<secondLargestTenant>Big Lots</secondLargestTenant>
			<squareFeetSecondLargestTenantNumber>29857</squareFeetSecondLargestTenantNumber>
			<leaseExpirationSecondLargestTenantDate>01-31-2034</leaseExpirationSecondLargestTenantDate>
			<thirdLargestTenant>Burke's Outlet</thirdLargestTenant>
			<squareFeetThirdLargestTenantNumber>25312</squareFeetThirdLargestTenantNumber>
			<leaseExpirationThirdLargestTenantDate>01-31-2030</leaseExpirationThirdLargestTenantDate>
			<financialsSecuritizationDate>05-31-2025</financialsSecuritizationDate>
			<revenueSecuritizationAmount>1533523.00000000</revenueSecuritizationAmount>
			<operatingExpensesSecuritizationAmount>298392.00000000</operatingExpensesSecuritizationAmount>
			<netOperatingIncomeSecuritizationAmount>1235131.00000000</netOperatingIncomeSecuritizationAmount>
			<netCashFlowFlowSecuritizationAmount>1120113.00000000</netCashFlowFlowSecuritizationAmount>
			<netOperatingIncomeNetCashFlowSecuritizationCode>UW</netOperatingIncomeNetCashFlowSecuritizationCode>
			<netOperatingIncomeNetCashFlowCode>CREFC</netOperatingIncomeNetCashFlowCode>
			<mostRecentDebtServiceCoverageCode>C</mostRecentDebtServiceCoverageCode>
			<mostRecentAnnualLeaseRolloverReviewDate>04-01-2025</mostRecentAnnualLeaseRolloverReviewDate>
		</property>
		<property>
			<propertyName>Northeast Plaza</propertyName>
			<propertyAddress>1000-1046 Summit Avenue 901 E Bessemer Avenue</propertyAddress>
			<propertyCity>Greensboro</propertyCity>
			<propertyState>NC</propertyState>
			<propertyZip>27405</propertyZip>
			<propertyCounty>Guilford</propertyCounty>
			<propertyTypeCode>RT</propertyTypeCode>
			<netRentableSquareFeetNumber>111296</netRentableSquareFeetNumber>
			<netRentableSquareFeetSecuritizationNumber>111296</netRentableSquareFeetSecuritizationNumber>
			<yearBuiltNumber>1959</yearBuiltNumber>
			<yearLastRenovated>2000</yearLastRenovated>
			<valuationSecuritizationAmount>12625000.00000000</valuationSecuritizationAmount>
			<valuationSourceSecuritizationCode>MAI</valuationSourceSecuritizationCode>
			<valuationSecuritizationDate>01-16-2025</valuationSecuritizationDate>
			<mostRecentValuationAmount>12625000.00000000</mostRecentValuationAmount>
			<mostRecentValuationDate>01-16-2025</mostRecentValuationDate>
			<mostRecentValuationSourceCode>MAI</mostRecentValuationSourceCode>
			<physicalOccupancySecuritizationPercentage>.97700000</physicalOccupancySecuritizationPercentage>
			<propertyStatusCode>6</propertyStatusCode>
			<DefeasedStatusCode>X</DefeasedStatusCode>
			<largestTenant>Compare Foods</largestTenant>
			<squareFeetLargestTenantNumber>24787</squareFeetLargestTenantNumber>
			<leaseExpirationLargestTenantDate>12-31-2033</leaseExpirationLargestTenantDate>
			<secondLargestTenant>Dollar Tree</secondLargestTenant>
			<squareFeetSecondLargestTenantNumber>15920</squareFeetSecondLargestTenantNumber>
			<leaseExpirationSecondLargestTenantDate>05-31-2030</leaseExpirationSecondLargestTenantDate>
			<thirdLargestTenant>Shoe Show</thirdLargestTenant>
			<squareFeetThirdLargestTenantNumber>11435</squareFeetThirdLargestTenantNumber>
			<leaseExpirationThirdLargestTenantDate>09-30-2028</leaseExpirationThirdLargestTenantDate>
			<financialsSecuritizationDate>05-31-2025</financialsSecuritizationDate>
			<revenueSecuritizationAmount>1239133.00000000</revenueSecuritizationAmount>
			<operatingExpensesSecuritizationAmount>255764.00000000</operatingExpensesSecuritizationAmount>
			<netOperatingIncomeSecuritizationAmount>983369.00000000</netOperatingIncomeSecuritizationAmount>
			<netCashFlowFlowSecuritizationAmount>922156.00000000</netCashFlowFlowSecuritizationAmount>
			<netOperatingIncomeNetCashFlowSecuritizationCode>UW</netOperatingIncomeNetCashFlowSecuritizationCode>
			<netOperatingIncomeNetCashFlowCode>CREFC</netOperatingIncomeNetCashFlowCode>
			<mostRecentDebtServiceCoverageCode>C</mostRecentDebtServiceCoverageCode>
			<mostRecentAnnualLeaseRolloverReviewDate>04-01-2025</mostRecentAnnualLeaseRolloverReviewDate>
		</property>
		<property>
			<propertyName>Hungarybrook Shopping Center</propertyName>
			<propertyAddress>1200-1300 Concord Avenue</propertyAddress>
			<propertyCity>Henrico</propertyCity>
			<propertyState>VA</propertyState>
			<propertyZip>23228</propertyZip>
			<propertyCounty>Henrico</propertyCounty>
			<propertyTypeCode>RT</propertyTypeCode>
			<netRentableSquareFeetNumber>87190</netRentableSquareFeetNumber>
			<netRentableSquareFeetSecuritizationNumber>87190</netRentableSquareFeetSecuritizationNumber>
			<yearBuiltNumber>1988</yearBuiltNumber>
			<valuationSecuritizationAmount>11700000.00000000</valuationSecuritizationAmount>
			<valuationSourceSecuritizationCode>MAI</valuationSourceSecuritizationCode>
			<valuationSecuritizationDate>01-25-2025</valuationSecuritizationDate>
			<mostRecentValuationAmount>11700000.00000000</mostRecentValuationAmount>
			<mostRecentValuationDate>01-25-2025</mostRecentValuationDate>
			<mostRecentValuationSourceCode>MAI</mostRecentValuationSourceCode>
			<physicalOccupancySecuritizationPercentage>1.00000000</physicalOccupancySecuritizationPercentage>
			<propertyStatusCode>6</propertyStatusCode>
			<DefeasedStatusCode>X</DefeasedStatusCode>
			<largestTenant>Food Lion</largestTenant>
			<squareFeetLargestTenantNumber>35400</squareFeetLargestTenantNumber>
			<leaseExpirationLargestTenantDate>11-15-2029</leaseExpirationLargestTenantDate>
			<secondLargestTenant>Dollar Tree</secondLargestTenant>
			<squareFeetSecondLargestTenantNumber>10548</squareFeetSecondLargestTenantNumber>
			<leaseExpirationSecondLargestTenantDate>05-31-2029</leaseExpirationSecondLargestTenantDate>
			<thirdLargestTenant>Best Beauty, LLC</thirdLargestTenant>
			<squareFeetThirdLargestTenantNumber>8470</squareFeetThirdLargestTenantNumber>
			<leaseExpirationThirdLargestTenantDate>04-30-2031</leaseExpirationThirdLargestTenantDate>
			<financialsSecuritizationDate>05-31-2025</financialsSecuritizationDate>
			<revenueSecuritizationAmount>1017842.00000000</revenueSecuritizationAmount>
			<operatingExpensesSecuritizationAmount>177928.00000000</operatingExpensesSecuritizationAmount>
			<netOperatingIncomeSecuritizationAmount>839914.00000000</netOperatingIncomeSecuritizationAmount>
			<netCashFlowFlowSecuritizationAmount>791960.00000000</netCashFlowFlowSecuritizationAmount>
			<netOperatingIncomeNetCashFlowSecuritizationCode>UW</netOperatingIncomeNetCashFlowSecuritizationCode>
			<netOperatingIncomeNetCashFlowCode>CREFC</netOperatingIncomeNetCashFlowCode>
			<mostRecentDebtServiceCoverageCode>C</mostRecentDebtServiceCoverageCode>
			<mostRecentAnnualLeaseRolloverReviewDate>04-01-2025</mostRecentAnnualLeaseRolloverReviewDate>
		</property>
		<property>
			<propertyName>Plaza North</propertyName>
			<propertyAddress>1452, 1800 and 1950 Fort Harrison Road</propertyAddress>
			<propertyCity>Terre Haute</propertyCity>
			<propertyState>IN</propertyState>
			<propertyZip>47804</propertyZip>
			<propertyCounty>Vigo</propertyCounty>
			<propertyTypeCode>RT</propertyTypeCode>
			<netRentableSquareFeetNumber>261418</netRentableSquareFeetNumber>
			<netRentableSquareFeetSecuritizationNumber>261418</netRentableSquareFeetSecuritizationNumber>
			<yearBuiltNumber>1966</yearBuiltNumber>
			<yearLastRenovated>1997</yearLastRenovated>
			<valuationSecuritizationAmount>12100000.00000000</valuationSecuritizationAmount>
			<valuationSourceSecuritizationCode>MAI</valuationSourceSecuritizationCode>
			<valuationSecuritizationDate>01-17-2025</valuationSecuritizationDate>
			<mostRecentValuationAmount>12100000.00000000</mostRecentValuationAmount>
			<mostRecentValuationDate>01-17-2025</mostRecentValuationDate>
			<mostRecentValuationSourceCode>MAI</mostRecentValuationSourceCode>
			<physicalOccupancySecuritizationPercentage>.62000000</physicalOccupancySecuritizationPercentage>
			<propertyStatusCode>6</propertyStatusCode>
			<DefeasedStatusCode>X</DefeasedStatusCode>
			<largestTenant>Trader Bucks Flea Market Inc.</largestTenant>
			<squareFeetLargestTenantNumber>45000</squareFeetLargestTenantNumber>
			<leaseExpirationLargestTenantDate>12-31-2027</leaseExpirationLargestTenantDate>
			<secondLargestTenant>Harbor Freight Tools</secondLargestTenant>
			<squareFeetSecondLargestTenantNumber>20000</squareFeetSecondLargestTenantNumber>
			<leaseExpirationSecondLargestTenantDate>01-31-2027</leaseExpirationSecondLargestTenantDate>
			<thirdLargestTenant>Indiana FSAA</thirdLargestTenant>
			<squareFeetThirdLargestTenantNumber>17830</squareFeetThirdLargestTenantNumber>
			<leaseExpirationThirdLargestTenantDate>12-31-2025</leaseExpirationThirdLargestTenantDate>
			<financialsSecuritizationDate>05-31-2025</financialsSecuritizationDate>
			<revenueSecuritizationAmount>1269981.00000000</revenueSecuritizationAmount>
			<operatingExpensesSecuritizationAmount>490501.00000000</operatingExpensesSecuritizationAmount>
			<netOperatingIncomeSecuritizationAmount>779480.00000000</netOperatingIncomeSecuritizationAmount>
			<netCashFlowFlowSecuritizationAmount>635700.00000000</netCashFlowFlowSecuritizationAmount>
			<netOperatingIncomeNetCashFlowSecuritizationCode>UW</netOperatingIncomeNetCashFlowSecuritizationCode>
			<netOperatingIncomeNetCashFlowCode>CREFC</netOperatingIncomeNetCashFlowCode>
			<mostRecentDebtServiceCoverageCode>C</mostRecentDebtServiceCoverageCode>
			<mostRecentAnnualLeaseRolloverReviewDate>04-01-2025</mostRecentAnnualLeaseRolloverReviewDate>
		</property>
		<property>
			<propertyName>Henderson Marketplace</propertyName>
			<propertyAddress>887-899 Beckford Drive 911, 915, 923, 935, 939, 951, 967, 981 Beckford Dr</propertyAddress>
			<propertyCity>Henderson</propertyCity>
			<propertyState>NC</propertyState>
			<propertyZip>27536</propertyZip>
			<propertyCounty>Vance</propertyCounty>
			<propertyTypeCode>RT</propertyTypeCode>
			<netRentableSquareFeetNumber>89100</netRentableSquareFeetNumber>
			<netRentableSquareFeetSecuritizationNumber>89100</netRentableSquareFeetSecuritizationNumber>
			<yearBuiltNumber>1991</yearBuiltNumber>
			<yearLastRenovated>1994</yearLastRenovated>
			<valuationSecuritizationAmount>10025000.00000000</valuationSecuritizationAmount>
			<valuationSourceSecuritizationCode>MAI</valuationSourceSecuritizationCode>
			<valuationSecuritizationDate>01-16-2025</valuationSecuritizationDate>
			<mostRecentValuationAmount>10025000.00000000</mostRecentValuationAmount>
			<mostRecentValuationDate>01-16-2025</mostRecentValuationDate>
			<mostRecentValuationSourceCode>MAI</mostRecentValuationSourceCode>
			<physicalOccupancySecuritizationPercentage>1.00000000</physicalOccupancySecuritizationPercentage>
			<propertyStatusCode>6</propertyStatusCode>
			<DefeasedStatusCode>X</DefeasedStatusCode>
			<largestTenant>Planet Fitness</largestTenant>
			<squareFeetLargestTenantNumber>21175</squareFeetLargestTenantNumber>
			<leaseExpirationLargestTenantDate>12-31-2029</leaseExpirationLargestTenantDate>
			<secondLargestTenant>Dollar Tree</secondLargestTenant>
			<squareFeetSecondLargestTenantNumber>8450</squareFeetSecondLargestTenantNumber>
			<leaseExpirationSecondLargestTenantDate>12-31-2030</leaseExpirationSecondLargestTenantDate>
			<thirdLargestTenant>Ichiban Restaurant</thirdLargestTenant>
			<squareFeetThirdLargestTenantNumber>8000</squareFeetThirdLargestTenantNumber>
			<leaseExpirationThirdLargestTenantDate>04-30-2030</leaseExpirationThirdLargestTenantDate>
			<financialsSecuritizationDate>05-31-2025</financialsSecuritizationDate>
			<revenueSecuritizationAmount>1097243.00000000</revenueSecuritizationAmount>
			<operatingExpensesSecuritizationAmount>222700.00000000</operatingExpensesSecuritizationAmount>
			<netOperatingIncomeSecuritizationAmount>874543.00000000</netOperatingIncomeSecuritizationAmount>
			<netCashFlowFlowSecuritizationAmount>825538.00000000</netCashFlowFlowSecuritizationAmount>
			<netOperatingIncomeNetCashFlowSecuritizationCode>UW</netOperatingIncomeNetCashFlowSecuritizationCode>
			<netOperatingIncomeNetCashFlowCode>CREFC</netOperatingIncomeNetCashFlowCode>
			<mostRecentDebtServiceCoverageCode>C</mostRecentDebtServiceCoverageCode>
			<mostRecentAnnualLeaseRolloverReviewDate>04-01-2025</mostRecentAnnualLeaseRolloverReviewDate>
		</property>
		<property>
			<propertyName>Coastal Equities Portfolio</propertyName>
			<propertyAddress>1400-1532 East Memorial Drive</propertyAddress>
			<propertyCity>Ahoskie</propertyCity>
			<propertyState>NC</propertyState>
			<propertyZip>27910</propertyZip>
			<propertyCounty>Hertford</propertyCounty>
			<propertyTypeCode>RT</propertyTypeCode>
			<netRentableSquareFeetNumber>193653</netRentableSquareFeetNumber>
			<netRentableSquareFeetSecuritizationNumber>193653</netRentableSquareFeetSecuritizationNumber>
			<yearBuiltNumber>1987</yearBuiltNumber>
			<valuationSecuritizationAmount>10000000.00000000</valuationSecuritizationAmount>
			<valuationSourceSecuritizationCode>Non-MAI</valuationSourceSecuritizationCode>
			<valuationSecuritizationDate>01-25-2025</valuationSecuritizationDate>
			<mostRecentValuationAmount>10000000.00000000</mostRecentValuationAmount>
			<mostRecentValuationDate>01-25-2025</mostRecentValuationDate>
			<mostRecentValuationSourceCode>MAI</mostRecentValuationSourceCode>
			<physicalOccupancySecuritizationPercentage>.99200000</physicalOccupancySecuritizationPercentage>
			<mostRecentPhysicalOccupancyPercentage>.99230000</mostRecentPhysicalOccupancyPercentage>
			<propertyStatusCode>6</propertyStatusCode>
			<DefeasedStatusCode>X</DefeasedStatusCode>
			<largestTenant>Roses</largestTenant>
			<squareFeetLargestTenantNumber>43200</squareFeetLargestTenantNumber>
			<leaseExpirationLargestTenantDate>01-31-2032</leaseExpirationLargestTenantDate>
			<secondLargestTenant>Food Lion</secondLargestTenant>
			<squareFeetSecondLargestTenantNumber>34000</squareFeetSecondLargestTenantNumber>
			<leaseExpirationSecondLargestTenantDate>03-22-2027</leaseExpirationSecondLargestTenantDate>
			<thirdLargestTenant>Ollie's</thirdLargestTenant>
			<squareFeetThirdLargestTenantNumber>32000</squareFeetThirdLargestTenantNumber>
			<leaseExpirationThirdLargestTenantDate>01-17-2026</leaseExpirationThirdLargestTenantDate>
			<financialsSecuritizationDate>05-31-2025</financialsSecuritizationDate>
			<mostRecentFinancialsStartDate>01-01-2025</mostRecentFinancialsStartDate>
			<mostRecentFinancialsEndDate>09-30-2025</mostRecentFinancialsEndDate>
			<revenueSecuritizationAmount>1202906.00000000</revenueSecuritizationAmount>
			<mostRecentRevenueAmount>26731629.15990000</mostRecentRevenueAmount>
			<operatingExpensesSecuritizationAmount>403412.00000000</operatingExpensesSecuritizationAmount>
			<operatingExpensesAmount>9473071.37330000</operatingExpensesAmount>
			<netOperatingIncomeSecuritizationAmount>799495.00000000</netOperatingIncomeSecuritizationAmount>
			<mostRecentNetOperatingIncomeAmount>17258557.78660000</mostRecentNetOperatingIncomeAmount>
			<netCashFlowFlowSecuritizationAmount>692985.00000000</netCashFlowFlowSecuritizationAmount>
			<mostRecentNetCashFlowAmount>17152048.78660000</mostRecentNetCashFlowAmount>
			<netOperatingIncomeNetCashFlowSecuritizationCode>UW</netOperatingIncomeNetCashFlowSecuritizationCode>
			<netOperatingIncomeNetCashFlowCode>CREFC</netOperatingIncomeNetCashFlowCode>
			<mostRecentDebtServiceAmount>14257866.60000000</mostRecentDebtServiceAmount>
			<mostRecentDebtServiceCoverageNetOperatingIncomePercentage>1.21050000</mostRecentDebtServiceCoverageNetOperatingIncomePercentage>
			<mostRecentDebtServiceCoverageNetCashFlowpercentage>1.20300000</mostRecentDebtServiceCoverageNetCashFlowpercentage>
			<mostRecentDebtServiceCoverageCode>C</mostRecentDebtServiceCoverageCode>
			<mostRecentAnnualLeaseRolloverReviewDate>04-01-2025</mostRecentAnnualLeaseRolloverReviewDate>
		</property>
		<property>
			<propertyName>Cummings Park Plaza</propertyName>
			<propertyAddress>2208-2294 North Church Street</propertyAddress>
			<propertyCity>Burlington</propertyCity>
			<propertyState>NC</propertyState>
			<propertyZip>27217</propertyZip>
			<propertyCounty>Alamance</propertyCounty>
			<propertyTypeCode>RT</propertyTypeCode>
			<netRentableSquareFeetNumber>200253</netRentableSquareFeetNumber>
			<netRentableSquareFeetSecuritizationNumber>200253</netRentableSquareFeetSecuritizationNumber>
			<yearBuiltNumber>1963</yearBuiltNumber>
			<valuationSecuritizationAmount>9450000.00000000</valuationSecuritizationAmount>
			<valuationSourceSecuritizationCode>Non-MAI</valuationSourceSecuritizationCode>
			<valuationSecuritizationDate>01-16-2025</valuationSecuritizationDate>
			<mostRecentValuationAmount>9450000.00000000</mostRecentValuationAmount>
			<mostRecentValuationDate>01-16-2025</mostRecentValuationDate>
			<mostRecentValuationSourceCode>MAI</mostRecentValuationSourceCode>
			<physicalOccupancySecuritizationPercentage>.79700000</physicalOccupancySecuritizationPercentage>
			<propertyStatusCode>6</propertyStatusCode>
			<DefeasedStatusCode>X</DefeasedStatusCode>
			<largestTenant>Roses</largestTenant>
			<squareFeetLargestTenantNumber>45000</squareFeetLargestTenantNumber>
			<leaseExpirationLargestTenantDate>08-05-2028</leaseExpirationLargestTenantDate>
			<secondLargestTenant>Food Lion</secondLargestTenant>
			<squareFeetSecondLargestTenantNumber>31426</squareFeetSecondLargestTenantNumber>
			<leaseExpirationSecondLargestTenantDate>09-30-2025</leaseExpirationSecondLargestTenantDate>
			<thirdLargestTenant>Schewel Furniture</thirdLargestTenant>
			<squareFeetThirdLargestTenantNumber>25239</squareFeetThirdLargestTenantNumber>
			<leaseExpirationThirdLargestTenantDate>03-31-2026</leaseExpirationThirdLargestTenantDate>
			<financialsSecuritizationDate>05-31-2025</financialsSecuritizationDate>
			<revenueSecuritizationAmount>915198.00000000</revenueSecuritizationAmount>
			<operatingExpensesSecuritizationAmount>253892.00000000</operatingExpensesSecuritizationAmount>
			<netOperatingIncomeSecuritizationAmount>661306.00000000</netOperatingIncomeSecuritizationAmount>
			<netCashFlowFlowSecuritizationAmount>551167.00000000</netCashFlowFlowSecuritizationAmount>
			<netOperatingIncomeNetCashFlowSecuritizationCode>UW</netOperatingIncomeNetCashFlowSecuritizationCode>
			<netOperatingIncomeNetCashFlowCode>CREFC</netOperatingIncomeNetCashFlowCode>
			<mostRecentDebtServiceCoverageCode>C</mostRecentDebtServiceCoverageCode>
			<mostRecentAnnualLeaseRolloverReviewDate>04-01-2025</mostRecentAnnualLeaseRolloverReviewDate>
		</property>
		<property>
			<propertyName>Glenwood Plaza</propertyName>
			<propertyAddress>127 Genesee Street 1050 Glenwood Ave, 2002-2194 Glenwood Shopping Plz</propertyAddress>
			<propertyCity>Oneida</propertyCity>
			<propertyState>NY</propertyState>
			<propertyZip>13421</propertyZip>
			<propertyCounty>Madison</propertyCounty>
			<propertyTypeCode>RT</propertyTypeCode>
			<netRentableSquareFeetNumber>218861</netRentableSquareFeetNumber>
			<netRentableSquareFeetSecuritizationNumber>218861</netRentableSquareFeetSecuritizationNumber>
			<yearBuiltNumber>1989</yearBuiltNumber>
			<valuationSecuritizationAmount>9100000.00000000</valuationSecuritizationAmount>
			<valuationSourceSecuritizationCode>MAI</valuationSourceSecuritizationCode>
			<valuationSecuritizationDate>02-03-2025</valuationSecuritizationDate>
			<mostRecentValuationAmount>9100000.00000000</mostRecentValuationAmount>
			<mostRecentValuationDate>02-03-2025</mostRecentValuationDate>
			<mostRecentValuationSourceCode>MAI</mostRecentValuationSourceCode>
			<physicalOccupancySecuritizationPercentage>.77100000</physicalOccupancySecuritizationPercentage>
			<propertyStatusCode>6</propertyStatusCode>
			<DefeasedStatusCode>X</DefeasedStatusCode>
			<largestTenant>Eclectic Chic, LLC</largestTenant>
			<squareFeetLargestTenantNumber>54000</squareFeetLargestTenantNumber>
			<leaseExpirationLargestTenantDate>12-31-2026</leaseExpirationLargestTenantDate>
			<secondLargestTenant>Movieplex Cinemas</secondLargestTenant>
			<squareFeetSecondLargestTenantNumber>20230</squareFeetSecondLargestTenantNumber>
			<leaseExpirationSecondLargestTenantDate>07-31-2026</leaseExpirationSecondLargestTenantDate>
			<thirdLargestTenant>All Seasoning Ingredients, Inc.</thirdLargestTenant>
			<squareFeetThirdLargestTenantNumber>19685</squareFeetThirdLargestTenantNumber>
			<leaseExpirationThirdLargestTenantDate>08-31-2031</leaseExpirationThirdLargestTenantDate>
			<financialsSecuritizationDate>05-31-2025</financialsSecuritizationDate>
			<revenueSecuritizationAmount>1569741.00000000</revenueSecuritizationAmount>
			<operatingExpensesSecuritizationAmount>758337.00000000</operatingExpensesSecuritizationAmount>
			<netOperatingIncomeSecuritizationAmount>811404.00000000</netOperatingIncomeSecuritizationAmount>
			<netCashFlowFlowSecuritizationAmount>691031.00000000</netCashFlowFlowSecuritizationAmount>
			<netOperatingIncomeNetCashFlowSecuritizationCode>UW</netOperatingIncomeNetCashFlowSecuritizationCode>
			<netOperatingIncomeNetCashFlowCode>CREFC</netOperatingIncomeNetCashFlowCode>
			<mostRecentDebtServiceCoverageCode>C</mostRecentDebtServiceCoverageCode>
			<mostRecentAnnualLeaseRolloverReviewDate>04-01-2025</mostRecentAnnualLeaseRolloverReviewDate>
		</property>
		<property>
			<propertyName>Boulevard Plaza</propertyName>
			<propertyAddress>1105, 1301 and 1313 Ward Boulevard 1405 Tarboro Street SW</propertyAddress>
			<propertyCity>Wilson</propertyCity>
			<propertyState>NC</propertyState>
			<propertyZip>27893</propertyZip>
			<propertyCounty>Wilson</propertyCounty>
			<propertyTypeCode>RT</propertyTypeCode>
			<netRentableSquareFeetNumber>108568</netRentableSquareFeetNumber>
			<netRentableSquareFeetSecuritizationNumber>108568</netRentableSquareFeetSecuritizationNumber>
			<yearBuiltNumber>1988</yearBuiltNumber>
			<valuationSecuritizationAmount>8100000.00000000</valuationSecuritizationAmount>
			<valuationSourceSecuritizationCode>MAI</valuationSourceSecuritizationCode>
			<valuationSecuritizationDate>01-25-2025</valuationSecuritizationDate>
			<mostRecentValuationAmount>8100000.00000000</mostRecentValuationAmount>
			<mostRecentValuationDate>01-25-2025</mostRecentValuationDate>
			<mostRecentValuationSourceCode>MAI</mostRecentValuationSourceCode>
			<physicalOccupancySecuritizationPercentage>.87400000</physicalOccupancySecuritizationPercentage>
			<propertyStatusCode>6</propertyStatusCode>
			<DefeasedStatusCode>X</DefeasedStatusCode>
			<largestTenant>Piggly Wiggly</largestTenant>
			<squareFeetLargestTenantNumber>25038</squareFeetLargestTenantNumber>
			<leaseExpirationLargestTenantDate>12-31-2028</leaseExpirationLargestTenantDate>
			<secondLargestTenant>Farmers Home Furniture</secondLargestTenant>
			<squareFeetSecondLargestTenantNumber>16730</squareFeetSecondLargestTenantNumber>
			<leaseExpirationSecondLargestTenantDate>04-04-2029</leaseExpirationSecondLargestTenantDate>
			<thirdLargestTenant>Dollar Tree</thirdLargestTenant>
			<squareFeetThirdLargestTenantNumber>11200</squareFeetThirdLargestTenantNumber>
			<leaseExpirationThirdLargestTenantDate>01-31-2026</leaseExpirationThirdLargestTenantDate>
			<financialsSecuritizationDate>05-31-2025</financialsSecuritizationDate>
			<revenueSecuritizationAmount>855333.00000000</revenueSecuritizationAmount>
			<operatingExpensesSecuritizationAmount>227042.00000000</operatingExpensesSecuritizationAmount>
			<netOperatingIncomeSecuritizationAmount>628291.00000000</netOperatingIncomeSecuritizationAmount>
			<netCashFlowFlowSecuritizationAmount>568578.00000000</netCashFlowFlowSecuritizationAmount>
			<netOperatingIncomeNetCashFlowSecuritizationCode>UW</netOperatingIncomeNetCashFlowSecuritizationCode>
			<netOperatingIncomeNetCashFlowCode>CREFC</netOperatingIncomeNetCashFlowCode>
			<mostRecentDebtServiceCoverageCode>C</mostRecentDebtServiceCoverageCode>
			<mostRecentAnnualLeaseRolloverReviewDate>04-01-2025</mostRecentAnnualLeaseRolloverReviewDate>
		</property>
		<property>
			<propertyName>Summer Commons</propertyName>
			<propertyAddress>5110-5130 Summer Avenue</propertyAddress>
			<propertyCity>Memphis</propertyCity>
			<propertyState>TN</propertyState>
			<propertyZip>38122</propertyZip>
			<propertyCounty>Shelby</propertyCounty>
			<propertyTypeCode>RT</propertyTypeCode>
			<netRentableSquareFeetNumber>139785</netRentableSquareFeetNumber>
			<netRentableSquareFeetSecuritizationNumber>139785</netRentableSquareFeetSecuritizationNumber>
			<yearBuiltNumber>1974</yearBuiltNumber>
			<yearLastRenovated>2008</yearLastRenovated>
			<valuationSecuritizationAmount>8000000.00000000</valuationSecuritizationAmount>
			<valuationSourceSecuritizationCode>MAI</valuationSourceSecuritizationCode>
			<valuationSecuritizationDate>01-27-2025</valuationSecuritizationDate>
			<mostRecentValuationAmount>8000000.00000000</mostRecentValuationAmount>
			<mostRecentValuationDate>01-27-2025</mostRecentValuationDate>
			<mostRecentValuationSourceCode>MAI</mostRecentValuationSourceCode>
			<physicalOccupancySecuritizationPercentage>.68300000</physicalOccupancySecuritizationPercentage>
			<propertyStatusCode>6</propertyStatusCode>
			<DefeasedStatusCode>X</DefeasedStatusCode>
			<largestTenant>Northern Tool</largestTenant>
			<squareFeetLargestTenantNumber>27125</squareFeetLargestTenantNumber>
			<leaseExpirationLargestTenantDate>06-30-2027</leaseExpirationLargestTenantDate>
			<secondLargestTenant>Brooke Valley Thrift Stores, Inc.</secondLargestTenant>
			<squareFeetSecondLargestTenantNumber>26500</squareFeetSecondLargestTenantNumber>
			<leaseExpirationSecondLargestTenantDate>01-31-2027</leaseExpirationSecondLargestTenantDate>
			<thirdLargestTenant>Rio Grande Fresh Market, Inc.</thirdLargestTenant>
			<squareFeetThirdLargestTenantNumber>20126</squareFeetThirdLargestTenantNumber>
			<leaseExpirationThirdLargestTenantDate>04-30-2032</leaseExpirationThirdLargestTenantDate>
			<financialsSecuritizationDate>05-31-2025</financialsSecuritizationDate>
			<revenueSecuritizationAmount>1203751.00000000</revenueSecuritizationAmount>
			<operatingExpensesSecuritizationAmount>556856.00000000</operatingExpensesSecuritizationAmount>
			<netOperatingIncomeSecuritizationAmount>646895.00000000</netOperatingIncomeSecuritizationAmount>
			<netCashFlowFlowSecuritizationAmount>570013.00000000</netCashFlowFlowSecuritizationAmount>
			<netOperatingIncomeNetCashFlowSecuritizationCode>UW</netOperatingIncomeNetCashFlowSecuritizationCode>
			<netOperatingIncomeNetCashFlowCode>CREFC</netOperatingIncomeNetCashFlowCode>
			<mostRecentDebtServiceCoverageCode>C</mostRecentDebtServiceCoverageCode>
			<mostRecentAnnualLeaseRolloverReviewDate>04-01-2025</mostRecentAnnualLeaseRolloverReviewDate>
		</property>
		<property>
			<propertyName>Centre Plaza</propertyName>
			<propertyAddress>1115 North Charles G. Seivers Boulevard</propertyAddress>
			<propertyCity>Clinton</propertyCity>
			<propertyState>TN</propertyState>
			<propertyZip>37716</propertyZip>
			<propertyCounty>Anderson</propertyCounty>
			<propertyTypeCode>RT</propertyTypeCode>
			<netRentableSquareFeetNumber>101642</netRentableSquareFeetNumber>
			<netRentableSquareFeetSecuritizationNumber>101642</netRentableSquareFeetSecuritizationNumber>
			<yearBuiltNumber>1989</yearBuiltNumber>
			<valuationSecuritizationAmount>7175000.00000000</valuationSecuritizationAmount>
			<valuationSourceSecuritizationCode>MAI</valuationSourceSecuritizationCode>
			<valuationSecuritizationDate>01-16-2025</valuationSecuritizationDate>
			<mostRecentValuationAmount>7175000.00000000</mostRecentValuationAmount>
			<mostRecentValuationDate>01-16-2025</mostRecentValuationDate>
			<mostRecentValuationSourceCode>MAI</mostRecentValuationSourceCode>
			<physicalOccupancySecuritizationPercentage>.91100000</physicalOccupancySecuritizationPercentage>
			<propertyStatusCode>6</propertyStatusCode>
			<DefeasedStatusCode>X</DefeasedStatusCode>
			<largestTenant>United Grocery Outlet</largestTenant>
			<squareFeetLargestTenantNumber>18225</squareFeetLargestTenantNumber>
			<leaseExpirationLargestTenantDate>05-31-2027</leaseExpirationLargestTenantDate>
			<secondLargestTenant>Goodwill</secondLargestTenant>
			<squareFeetSecondLargestTenantNumber>17204</squareFeetSecondLargestTenantNumber>
			<leaseExpirationSecondLargestTenantDate>12-31-2027</leaseExpirationSecondLargestTenantDate>
			<thirdLargestTenant>Faith Promise Church</thirdLargestTenant>
			<squareFeetThirdLargestTenantNumber>14425</squareFeetThirdLargestTenantNumber>
			<leaseExpirationThirdLargestTenantDate>10-31-2029</leaseExpirationThirdLargestTenantDate>
			<financialsSecuritizationDate>05-31-2025</financialsSecuritizationDate>
			<revenueSecuritizationAmount>862903.00000000</revenueSecuritizationAmount>
			<operatingExpensesSecuritizationAmount>185340.00000000</operatingExpensesSecuritizationAmount>
			<netOperatingIncomeSecuritizationAmount>677563.00000000</netOperatingIncomeSecuritizationAmount>
			<netCashFlowFlowSecuritizationAmount>621660.00000000</netCashFlowFlowSecuritizationAmount>
			<netOperatingIncomeNetCashFlowSecuritizationCode>UW</netOperatingIncomeNetCashFlowSecuritizationCode>
			<netOperatingIncomeNetCashFlowCode>CREFC</netOperatingIncomeNetCashFlowCode>
			<mostRecentDebtServiceCoverageCode>C</mostRecentDebtServiceCoverageCode>
			<mostRecentAnnualLeaseRolloverReviewDate>04-01-2025</mostRecentAnnualLeaseRolloverReviewDate>
		</property>
		<property>
			<propertyName>Market at Riverdale Bend</propertyName>
			<propertyAddress>7110-7136 Winchester Road</propertyAddress>
			<propertyCity>Memphis</propertyCity>
			<propertyState>TN</propertyState>
			<propertyZip>38125</propertyZip>
			<propertyCounty>Shelby</propertyCounty>
			<propertyTypeCode>RT</propertyTypeCode>
			<netRentableSquareFeetNumber>157695</netRentableSquareFeetNumber>
			<netRentableSquareFeetSecuritizationNumber>157695</netRentableSquareFeetSecuritizationNumber>
			<yearBuiltNumber>1998</yearBuiltNumber>
			<valuationSecuritizationAmount>6000000.00000000</valuationSecuritizationAmount>
			<valuationSourceSecuritizationCode>MAI</valuationSourceSecuritizationCode>
			<valuationSecuritizationDate>01-27-2025</valuationSecuritizationDate>
			<mostRecentValuationAmount>6000000.00000000</mostRecentValuationAmount>
			<mostRecentValuationDate>01-27-2025</mostRecentValuationDate>
			<mostRecentValuationSourceCode>MAI</mostRecentValuationSourceCode>
			<physicalOccupancySecuritizationPercentage>1.00000000</physicalOccupancySecuritizationPercentage>
			<propertyStatusCode>6</propertyStatusCode>
			<DefeasedStatusCode>X</DefeasedStatusCode>
			<largestTenant>Habitat For Humanity</largestTenant>
			<squareFeetLargestTenantNumber>61532</squareFeetLargestTenantNumber>
			<leaseExpirationLargestTenantDate>01-31-2031</leaseExpirationLargestTenantDate>
			<secondLargestTenant>Crazy Deals</secondLargestTenant>
			<squareFeetSecondLargestTenantNumber>29935</squareFeetSecondLargestTenantNumber>
			<leaseExpirationSecondLargestTenantDate>12-31-2029</leaseExpirationSecondLargestTenantDate>
			<thirdLargestTenant>Goodwill</thirdLargestTenant>
			<squareFeetThirdLargestTenantNumber>28628</squareFeetThirdLargestTenantNumber>
			<leaseExpirationThirdLargestTenantDate>01-31-2026</leaseExpirationThirdLargestTenantDate>
			<financialsSecuritizationDate>05-31-2025</financialsSecuritizationDate>
			<revenueSecuritizationAmount>1051404.00000000</revenueSecuritizationAmount>
			<operatingExpensesSecuritizationAmount>468601.00000000</operatingExpensesSecuritizationAmount>
			<netOperatingIncomeSecuritizationAmount>582803.00000000</netOperatingIncomeSecuritizationAmount>
			<netCashFlowFlowSecuritizationAmount>496071.00000000</netCashFlowFlowSecuritizationAmount>
			<netOperatingIncomeNetCashFlowSecuritizationCode>UW</netOperatingIncomeNetCashFlowSecuritizationCode>
			<netOperatingIncomeNetCashFlowCode>CREFC</netOperatingIncomeNetCashFlowCode>
			<mostRecentDebtServiceCoverageCode>C</mostRecentDebtServiceCoverageCode>
			<mostRecentAnnualLeaseRolloverReviewDate>04-01-2025</mostRecentAnnualLeaseRolloverReviewDate>
		</property>
		<property>
			<propertyName>Cordele Corners</propertyName>
			<propertyAddress>1407, 1411-1415 East 16th Avenue</propertyAddress>
			<propertyCity>Cordele</propertyCity>
			<propertyState>GA</propertyState>
			<propertyZip>31015</propertyZip>
			<propertyCounty>Crisp</propertyCounty>
			<propertyTypeCode>RT</propertyTypeCode>
			<netRentableSquareFeetNumber>120868</netRentableSquareFeetNumber>
			<netRentableSquareFeetSecuritizationNumber>120868</netRentableSquareFeetSecuritizationNumber>
			<yearBuiltNumber>1986</yearBuiltNumber>
			<valuationSecuritizationAmount>6300000.00000000</valuationSecuritizationAmount>
			<valuationSourceSecuritizationCode>MAI</valuationSourceSecuritizationCode>
			<valuationSecuritizationDate>01-17-2025</valuationSecuritizationDate>
			<mostRecentValuationAmount>6300000.00000000</mostRecentValuationAmount>
			<mostRecentValuationDate>01-17-2025</mostRecentValuationDate>
			<mostRecentValuationSourceCode>MAI</mostRecentValuationSourceCode>
			<physicalOccupancySecuritizationPercentage>.91100000</physicalOccupancySecuritizationPercentage>
			<propertyStatusCode>6</propertyStatusCode>
			<DefeasedStatusCode>X</DefeasedStatusCode>
			<largestTenant>Tractor Supply</largestTenant>
			<squareFeetLargestTenantNumber>29772</squareFeetLargestTenantNumber>
			<leaseExpirationLargestTenantDate>03-31-2031</leaseExpirationLargestTenantDate>
			<secondLargestTenant>Ollie's</secondLargestTenant>
			<squareFeetSecondLargestTenantNumber>26126</squareFeetSecondLargestTenantNumber>
			<leaseExpirationSecondLargestTenantDate>01-15-2029</leaseExpirationSecondLargestTenantDate>
			<thirdLargestTenant>Brady's Best Buys</thirdLargestTenant>
			<squareFeetThirdLargestTenantNumber>13292</squareFeetThirdLargestTenantNumber>
			<leaseExpirationThirdLargestTenantDate>03-31-2027</leaseExpirationThirdLargestTenantDate>
			<financialsSecuritizationDate>05-31-2025</financialsSecuritizationDate>
			<revenueSecuritizationAmount>738253.00000000</revenueSecuritizationAmount>
			<operatingExpensesSecuritizationAmount>178193.00000000</operatingExpensesSecuritizationAmount>
			<netOperatingIncomeSecuritizationAmount>560059.00000000</netOperatingIncomeSecuritizationAmount>
			<netCashFlowFlowSecuritizationAmount>493582.00000000</netCashFlowFlowSecuritizationAmount>
			<netOperatingIncomeNetCashFlowSecuritizationCode>UW</netOperatingIncomeNetCashFlowSecuritizationCode>
			<netOperatingIncomeNetCashFlowCode>CREFC</netOperatingIncomeNetCashFlowCode>
			<mostRecentDebtServiceCoverageCode>C</mostRecentDebtServiceCoverageCode>
			<mostRecentAnnualLeaseRolloverReviewDate>04-01-2025</mostRecentAnnualLeaseRolloverReviewDate>
		</property>
		<property>
			<propertyName>Anniston Plaza</propertyName>
			<propertyAddress>3108, 3202-3210 McClellan Boulevard 3214-3220, 3124,3202,3226-3230,3300 McClellan Blvd</propertyAddress>
			<propertyCity>Anniston</propertyCity>
			<propertyState>AL</propertyState>
			<propertyZip>36201</propertyZip>
			<propertyCounty>Calhoun</propertyCounty>
			<propertyTypeCode>RT</propertyTypeCode>
			<netRentableSquareFeetNumber>129565</netRentableSquareFeetNumber>
			<netRentableSquareFeetSecuritizationNumber>129565</netRentableSquareFeetSecuritizationNumber>
			<yearBuiltNumber>1965</yearBuiltNumber>
			<valuationSecuritizationAmount>6150000.00000000</valuationSecuritizationAmount>
			<valuationSourceSecuritizationCode>MAI</valuationSourceSecuritizationCode>
			<valuationSecuritizationDate>01-16-2025</valuationSecuritizationDate>
			<mostRecentValuationAmount>6150000.00000000</mostRecentValuationAmount>
			<mostRecentValuationDate>01-16-2025</mostRecentValuationDate>
			<mostRecentValuationSourceCode>MAI</mostRecentValuationSourceCode>
			<physicalOccupancySecuritizationPercentage>.88000000</physicalOccupancySecuritizationPercentage>
			<propertyStatusCode>6</propertyStatusCode>
			<DefeasedStatusCode>X</DefeasedStatusCode>
			<largestTenant>Xtreme Sales</largestTenant>
			<squareFeetLargestTenantNumber>28000</squareFeetLargestTenantNumber>
			<leaseExpirationLargestTenantDate>03-09-2030</leaseExpirationLargestTenantDate>
			<secondLargestTenant>Harbor Freight Tools</secondLargestTenant>
			<squareFeetSecondLargestTenantNumber>17770</squareFeetSecondLargestTenantNumber>
			<leaseExpirationSecondLargestTenantDate>05-31-2027</leaseExpirationSecondLargestTenantDate>
			<thirdLargestTenant>Bestway Rental</thirdLargestTenant>
			<squareFeetThirdLargestTenantNumber>16858</squareFeetThirdLargestTenantNumber>
			<leaseExpirationThirdLargestTenantDate>01-31-2027</leaseExpirationThirdLargestTenantDate>
			<financialsSecuritizationDate>05-31-2025</financialsSecuritizationDate>
			<revenueSecuritizationAmount>669090.00000000</revenueSecuritizationAmount>
			<operatingExpensesSecuritizationAmount>144065.00000000</operatingExpensesSecuritizationAmount>
			<netOperatingIncomeSecuritizationAmount>525025.00000000</netOperatingIncomeSecuritizationAmount>
			<netCashFlowFlowSecuritizationAmount>453764.00000000</netCashFlowFlowSecuritizationAmount>
			<netOperatingIncomeNetCashFlowSecuritizationCode>UW</netOperatingIncomeNetCashFlowSecuritizationCode>
			<netOperatingIncomeNetCashFlowCode>CREFC</netOperatingIncomeNetCashFlowCode>
			<mostRecentDebtServiceCoverageCode>C</mostRecentDebtServiceCoverageCode>
			<mostRecentAnnualLeaseRolloverReviewDate>04-01-2025</mostRecentAnnualLeaseRolloverReviewDate>
		</property>
		<property>
			<propertyName>Meeting Square</propertyName>
			<propertyAddress>113-129 West Broadway Boulevard</propertyAddress>
			<propertyCity>Jefferson City</propertyCity>
			<propertyState>TN</propertyState>
			<propertyZip>37760</propertyZip>
			<propertyCounty>Jefferson</propertyCounty>
			<propertyTypeCode>RT</propertyTypeCode>
			<netRentableSquareFeetNumber>94345</netRentableSquareFeetNumber>
			<netRentableSquareFeetSecuritizationNumber>94345</netRentableSquareFeetSecuritizationNumber>
			<yearBuiltNumber>1984</yearBuiltNumber>
			<valuationSecuritizationAmount>5775000.00000000</valuationSecuritizationAmount>
			<valuationSourceSecuritizationCode>MAI</valuationSourceSecuritizationCode>
			<valuationSecuritizationDate>01-16-2025</valuationSecuritizationDate>
			<mostRecentValuationAmount>5775000.00000000</mostRecentValuationAmount>
			<mostRecentValuationDate>01-16-2025</mostRecentValuationDate>
			<mostRecentValuationSourceCode>MAI</mostRecentValuationSourceCode>
			<physicalOccupancySecuritizationPercentage>1.00000000</physicalOccupancySecuritizationPercentage>
			<propertyStatusCode>6</propertyStatusCode>
			<DefeasedStatusCode>X</DefeasedStatusCode>
			<largestTenant>Tractor Supply</largestTenant>
			<squareFeetLargestTenantNumber>27301</squareFeetLargestTenantNumber>
			<leaseExpirationLargestTenantDate>03-31-2031</leaseExpirationLargestTenantDate>
			<secondLargestTenant>Bealls</secondLargestTenant>
			<squareFeetSecondLargestTenantNumber>21100</squareFeetSecondLargestTenantNumber>
			<leaseExpirationSecondLargestTenantDate>01-31-2036</leaseExpirationSecondLargestTenantDate>
			<thirdLargestTenant>Ashley HomeStore</thirdLargestTenant>
			<squareFeetThirdLargestTenantNumber>16200</squareFeetThirdLargestTenantNumber>
			<leaseExpirationThirdLargestTenantDate>02-28-2031</leaseExpirationThirdLargestTenantDate>
			<financialsSecuritizationDate>05-31-2025</financialsSecuritizationDate>
			<revenueSecuritizationAmount>746376.00000000</revenueSecuritizationAmount>
			<operatingExpensesSecuritizationAmount>162267.00000000</operatingExpensesSecuritizationAmount>
			<netOperatingIncomeSecuritizationAmount>584109.00000000</netOperatingIncomeSecuritizationAmount>
			<netCashFlowFlowSecuritizationAmount>532219.00000000</netCashFlowFlowSecuritizationAmount>
			<netOperatingIncomeNetCashFlowSecuritizationCode>UW</netOperatingIncomeNetCashFlowSecuritizationCode>
			<netOperatingIncomeNetCashFlowCode>CREFC</netOperatingIncomeNetCashFlowCode>
			<mostRecentDebtServiceCoverageCode>C</mostRecentDebtServiceCoverageCode>
			<mostRecentAnnualLeaseRolloverReviewDate>04-01-2025</mostRecentAnnualLeaseRolloverReviewDate>
		</property>
		<property>
			<propertyName>Northland Plaza</propertyName>
			<propertyAddress>120,130,140,154,158 West Northern Avenue 180, 240, 130, 155, 156, 175 East Northern Avenue</propertyAddress>
			<propertyCity>Lima</propertyCity>
			<propertyState>OH</propertyState>
			<propertyZip>45801</propertyZip>
			<propertyCounty>Allen</propertyCounty>
			<propertyTypeCode>RT</propertyTypeCode>
			<netRentableSquareFeetNumber>170037</netRentableSquareFeetNumber>
			<netRentableSquareFeetSecuritizationNumber>170037</netRentableSquareFeetSecuritizationNumber>
			<yearBuiltNumber>1960</yearBuiltNumber>
			<yearLastRenovated>2003</yearLastRenovated>
			<valuationSecuritizationAmount>5650000.00000000</valuationSecuritizationAmount>
			<valuationSourceSecuritizationCode>MAI</valuationSourceSecuritizationCode>
			<valuationSecuritizationDate>01-28-2025</valuationSecuritizationDate>
			<mostRecentValuationAmount>5650000.00000000</mostRecentValuationAmount>
			<mostRecentValuationDate>01-28-2025</mostRecentValuationDate>
			<mostRecentValuationSourceCode>MAI</mostRecentValuationSourceCode>
			<physicalOccupancySecuritizationPercentage>.68100000</physicalOccupancySecuritizationPercentage>
			<propertyStatusCode>6</propertyStatusCode>
			<DefeasedStatusCode>X</DefeasedStatusCode>
			<largestTenant>Chief Super Market, Inc.</largestTenant>
			<squareFeetLargestTenantNumber>35130</squareFeetLargestTenantNumber>
			<leaseExpirationLargestTenantDate>06-30-2029</leaseExpirationLargestTenantDate>
			<secondLargestTenant>Ollie's</secondLargestTenant>
			<squareFeetSecondLargestTenantNumber>33500</squareFeetSecondLargestTenantNumber>
			<leaseExpirationSecondLargestTenantDate>02-28-2027</leaseExpirationSecondLargestTenantDate>
			<thirdLargestTenant>Citi Trends</thirdLargestTenant>
			<squareFeetThirdLargestTenantNumber>12000</squareFeetThirdLargestTenantNumber>
			<leaseExpirationThirdLargestTenantDate>03-31-2029</leaseExpirationThirdLargestTenantDate>
			<financialsSecuritizationDate>05-31-2025</financialsSecuritizationDate>
			<revenueSecuritizationAmount>684829.00000000</revenueSecuritizationAmount>
			<operatingExpensesSecuritizationAmount>256016.00000000</operatingExpensesSecuritizationAmount>
			<netOperatingIncomeSecuritizationAmount>428813.00000000</netOperatingIncomeSecuritizationAmount>
			<netCashFlowFlowSecuritizationAmount>335293.00000000</netCashFlowFlowSecuritizationAmount>
			<netOperatingIncomeNetCashFlowSecuritizationCode>UW</netOperatingIncomeNetCashFlowSecuritizationCode>
			<netOperatingIncomeNetCashFlowCode>CREFC</netOperatingIncomeNetCashFlowCode>
			<mostRecentDebtServiceCoverageCode>C</mostRecentDebtServiceCoverageCode>
			<mostRecentAnnualLeaseRolloverReviewDate>04-01-2025</mostRecentAnnualLeaseRolloverReviewDate>
		</property>
		<property>
			<propertyName>Homosassa Square</propertyName>
			<propertyAddress>4500,4516, 4520-4524 South Suncoast Boulevard 4525,4530-4532,4538,4540,4546-4556 S Suncoast Blvd</propertyAddress>
			<propertyCity>Homosassa Springs</propertyCity>
			<propertyState>FL</propertyState>
			<propertyZip>34446</propertyZip>
			<propertyCounty>Citrus</propertyCounty>
			<propertyTypeCode>RT</propertyTypeCode>
			<netRentableSquareFeetNumber>84765</netRentableSquareFeetNumber>
			<netRentableSquareFeetSecuritizationNumber>84765</netRentableSquareFeetSecuritizationNumber>
			<yearBuiltNumber>1981</yearBuiltNumber>
			<valuationSecuritizationAmount>5500000.00000000</valuationSecuritizationAmount>
			<valuationSourceSecuritizationCode>MAI</valuationSourceSecuritizationCode>
			<valuationSecuritizationDate>01-20-2025</valuationSecuritizationDate>
			<mostRecentValuationAmount>5500000.00000000</mostRecentValuationAmount>
			<mostRecentValuationDate>01-20-2025</mostRecentValuationDate>
			<mostRecentValuationSourceCode>MAI</mostRecentValuationSourceCode>
			<physicalOccupancySecuritizationPercentage>1.00000000</physicalOccupancySecuritizationPercentage>
			<propertyStatusCode>6</propertyStatusCode>
			<DefeasedStatusCode>X</DefeasedStatusCode>
			<largestTenant>Ollie's</largestTenant>
			<squareFeetLargestTenantNumber>30000</squareFeetLargestTenantNumber>
			<leaseExpirationLargestTenantDate>07-28-2029</leaseExpirationLargestTenantDate>
			<secondLargestTenant>Coastal Outdoor Sports</secondLargestTenant>
			<squareFeetSecondLargestTenantNumber>14377</squareFeetSecondLargestTenantNumber>
			<leaseExpirationSecondLargestTenantDate>07-31-2028</leaseExpirationSecondLargestTenantDate>
			<thirdLargestTenant>Mini Steps Thrift Shop</thirdLargestTenant>
			<squareFeetThirdLargestTenantNumber>11000</squareFeetThirdLargestTenantNumber>
			<leaseExpirationThirdLargestTenantDate>08-31-2029</leaseExpirationThirdLargestTenantDate>
			<financialsSecuritizationDate>05-31-2025</financialsSecuritizationDate>
			<revenueSecuritizationAmount>696373.00000000</revenueSecuritizationAmount>
			<operatingExpensesSecuritizationAmount>233224.00000000</operatingExpensesSecuritizationAmount>
			<netOperatingIncomeSecuritizationAmount>463149.00000000</netOperatingIncomeSecuritizationAmount>
			<netCashFlowFlowSecuritizationAmount>416529.00000000</netCashFlowFlowSecuritizationAmount>
			<netOperatingIncomeNetCashFlowSecuritizationCode>UW</netOperatingIncomeNetCashFlowSecuritizationCode>
			<netOperatingIncomeNetCashFlowCode>CREFC</netOperatingIncomeNetCashFlowCode>
			<mostRecentDebtServiceCoverageCode>C</mostRecentDebtServiceCoverageCode>
			<mostRecentAnnualLeaseRolloverReviewDate>04-01-2025</mostRecentAnnualLeaseRolloverReviewDate>
		</property>
		<property>
			<propertyName>Laurens Plaza</propertyName>
			<propertyAddress>917 East Main St</propertyAddress>
			<propertyCity>Laurens</propertyCity>
			<propertyState>SC</propertyState>
			<propertyZip>29360</propertyZip>
			<propertyCounty>Laurens</propertyCounty>
			<propertyTypeCode>RT</propertyTypeCode>
			<netRentableSquareFeetNumber>97946</netRentableSquareFeetNumber>
			<netRentableSquareFeetSecuritizationNumber>97946</netRentableSquareFeetSecuritizationNumber>
			<yearBuiltNumber>1989</yearBuiltNumber>
			<valuationSecuritizationAmount>5450000.00000000</valuationSecuritizationAmount>
			<valuationSourceSecuritizationCode>MAI</valuationSourceSecuritizationCode>
			<valuationSecuritizationDate>01-24-2025</valuationSecuritizationDate>
			<mostRecentValuationAmount>5450000.00000000</mostRecentValuationAmount>
			<mostRecentValuationDate>01-24-2025</mostRecentValuationDate>
			<mostRecentValuationSourceCode>MAI</mostRecentValuationSourceCode>
			<physicalOccupancySecuritizationPercentage>1.00000000</physicalOccupancySecuritizationPercentage>
			<propertyStatusCode>6</propertyStatusCode>
			<DefeasedStatusCode>X</DefeasedStatusCode>
			<largestTenant>Ollie's</largestTenant>
			<squareFeetLargestTenantNumber>33827</squareFeetLargestTenantNumber>
			<leaseExpirationLargestTenantDate>12-01-2032</leaseExpirationLargestTenantDate>
			<secondLargestTenant>Tractor Supply</secondLargestTenant>
			<squareFeetSecondLargestTenantNumber>26180</squareFeetSecondLargestTenantNumber>
			<leaseExpirationSecondLargestTenantDate>03-31-2031</leaseExpirationSecondLargestTenantDate>
			<thirdLargestTenant>Goodwin Group Holdings, LLC</thirdLargestTenant>
			<squareFeetThirdLargestTenantNumber>18018</squareFeetThirdLargestTenantNumber>
			<leaseExpirationThirdLargestTenantDate>11-30-2030</leaseExpirationThirdLargestTenantDate>
			<financialsSecuritizationDate>05-31-2025</financialsSecuritizationDate>
			<revenueSecuritizationAmount>639677.00000000</revenueSecuritizationAmount>
			<operatingExpensesSecuritizationAmount>152059.00000000</operatingExpensesSecuritizationAmount>
			<netOperatingIncomeSecuritizationAmount>487618.00000000</netOperatingIncomeSecuritizationAmount>
			<netCashFlowFlowSecuritizationAmount>433747.00000000</netCashFlowFlowSecuritizationAmount>
			<netOperatingIncomeNetCashFlowSecuritizationCode>UW</netOperatingIncomeNetCashFlowSecuritizationCode>
			<netOperatingIncomeNetCashFlowCode>CREFC</netOperatingIncomeNetCashFlowCode>
			<mostRecentDebtServiceCoverageCode>C</mostRecentDebtServiceCoverageCode>
			<mostRecentAnnualLeaseRolloverReviewDate>04-01-2025</mostRecentAnnualLeaseRolloverReviewDate>
		</property>
		<property>
			<propertyName>Pelham Plaza</propertyName>
			<propertyAddress>802-808, 812-820 Pelham Road South</propertyAddress>
			<propertyCity>Jacksonville</propertyCity>
			<propertyState>AL</propertyState>
			<propertyZip>36265</propertyZip>
			<propertyCounty>Calhoun</propertyCounty>
			<propertyTypeCode>RT</propertyTypeCode>
			<netRentableSquareFeetNumber>72430</netRentableSquareFeetNumber>
			<netRentableSquareFeetSecuritizationNumber>72430</netRentableSquareFeetSecuritizationNumber>
			<yearBuiltNumber>1974</yearBuiltNumber>
			<valuationSecuritizationAmount>5000000.00000000</valuationSecuritizationAmount>
			<valuationSourceSecuritizationCode>MAI</valuationSourceSecuritizationCode>
			<valuationSecuritizationDate>01-16-2025</valuationSecuritizationDate>
			<mostRecentValuationAmount>5000000.00000000</mostRecentValuationAmount>
			<mostRecentValuationDate>01-16-2025</mostRecentValuationDate>
			<mostRecentValuationSourceCode>MAI</mostRecentValuationSourceCode>
			<physicalOccupancySecuritizationPercentage>.85300000</physicalOccupancySecuritizationPercentage>
			<propertyStatusCode>6</propertyStatusCode>
			<DefeasedStatusCode>X</DefeasedStatusCode>
			<largestTenant>7 Springs Ministries</largestTenant>
			<squareFeetLargestTenantNumber>15000</squareFeetLargestTenantNumber>
			<leaseExpirationLargestTenantDate>05-31-2026</leaseExpirationLargestTenantDate>
			<secondLargestTenant>Dollar Tree</secondLargestTenant>
			<squareFeetSecondLargestTenantNumber>14700</squareFeetSecondLargestTenantNumber>
			<leaseExpirationSecondLargestTenantDate>06-30-2027</leaseExpirationSecondLargestTenantDate>
			<thirdLargestTenant>Northeast Orthopedic</thirdLargestTenant>
			<squareFeetThirdLargestTenantNumber>8400</squareFeetThirdLargestTenantNumber>
			<leaseExpirationThirdLargestTenantDate>12-31-2032</leaseExpirationThirdLargestTenantDate>
			<financialsSecuritizationDate>05-31-2025</financialsSecuritizationDate>
			<revenueSecuritizationAmount>464348.00000000</revenueSecuritizationAmount>
			<operatingExpensesSecuritizationAmount>70614.00000000</operatingExpensesSecuritizationAmount>
			<netOperatingIncomeSecuritizationAmount>393734.00000000</netOperatingIncomeSecuritizationAmount>
			<netCashFlowFlowSecuritizationAmount>353897.00000000</netCashFlowFlowSecuritizationAmount>
			<netOperatingIncomeNetCashFlowSecuritizationCode>UW</netOperatingIncomeNetCashFlowSecuritizationCode>
			<netOperatingIncomeNetCashFlowCode>CREFC</netOperatingIncomeNetCashFlowCode>
			<mostRecentDebtServiceCoverageCode>C</mostRecentDebtServiceCoverageCode>
			<mostRecentAnnualLeaseRolloverReviewDate>04-01-2025</mostRecentAnnualLeaseRolloverReviewDate>
		</property>
		<property>
			<propertyName>Plank Plaza</propertyName>
			<propertyAddress>5963 and 5969 Plank Road</propertyAddress>
			<propertyCity>Baton Rouge</propertyCity>
			<propertyState>LA</propertyState>
			<propertyZip>70811</propertyZip>
			<propertyCounty>E. Baton Rouge Parish</propertyCounty>
			<propertyTypeCode>RT</propertyTypeCode>
			<netRentableSquareFeetNumber>62280</netRentableSquareFeetNumber>
			<netRentableSquareFeetSecuritizationNumber>62280</netRentableSquareFeetSecuritizationNumber>
			<yearBuiltNumber>1967</yearBuiltNumber>
			<valuationSecuritizationAmount>4750000.00000000</valuationSecuritizationAmount>
			<valuationSourceSecuritizationCode>MAI</valuationSourceSecuritizationCode>
			<valuationSecuritizationDate>01-17-2025</valuationSecuritizationDate>
			<mostRecentValuationAmount>4750000.00000000</mostRecentValuationAmount>
			<mostRecentValuationDate>01-17-2025</mostRecentValuationDate>
			<mostRecentValuationSourceCode>MAI</mostRecentValuationSourceCode>
			<physicalOccupancySecuritizationPercentage>1.00000000</physicalOccupancySecuritizationPercentage>
			<propertyStatusCode>6</propertyStatusCode>
			<DefeasedStatusCode>X</DefeasedStatusCode>
			<largestTenant>Piggly Wiggly</largestTenant>
			<squareFeetLargestTenantNumber>35500</squareFeetLargestTenantNumber>
			<leaseExpirationLargestTenantDate>05-31-2026</leaseExpirationLargestTenantDate>
			<secondLargestTenant>Rainbow Northeast Leasing</secondLargestTenant>
			<squareFeetSecondLargestTenantNumber>10140</squareFeetSecondLargestTenantNumber>
			<leaseExpirationSecondLargestTenantDate>01-31-2026</leaseExpirationSecondLargestTenantDate>
			<thirdLargestTenant>Hair Galleria</thirdLargestTenant>
			<squareFeetThirdLargestTenantNumber>8640</squareFeetThirdLargestTenantNumber>
			<leaseExpirationThirdLargestTenantDate>07-31-2028</leaseExpirationThirdLargestTenantDate>
			<financialsSecuritizationDate>05-31-2025</financialsSecuritizationDate>
			<revenueSecuritizationAmount>397532.00000000</revenueSecuritizationAmount>
			<operatingExpensesSecuritizationAmount>124209.00000000</operatingExpensesSecuritizationAmount>
			<netOperatingIncomeSecuritizationAmount>273322.00000000</netOperatingIncomeSecuritizationAmount>
			<netCashFlowFlowSecuritizationAmount>239068.00000000</netCashFlowFlowSecuritizationAmount>
			<netOperatingIncomeNetCashFlowSecuritizationCode>UW</netOperatingIncomeNetCashFlowSecuritizationCode>
			<netOperatingIncomeNetCashFlowCode>CREFC</netOperatingIncomeNetCashFlowCode>
			<mostRecentDebtServiceCoverageCode>C</mostRecentDebtServiceCoverageCode>
			<mostRecentAnnualLeaseRolloverReviewDate>04-01-2025</mostRecentAnnualLeaseRolloverReviewDate>
		</property>
		<property>
			<propertyName>Collins Park Commons (Plant City)</propertyName>
			<propertyAddress>1803 James L. Redman Parkway</propertyAddress>
			<propertyCity>Plant City</propertyCity>
			<propertyState>FL</propertyState>
			<propertyZip>33563</propertyZip>
			<propertyCounty>Hillsborough</propertyCounty>
			<propertyTypeCode>RT</propertyTypeCode>
			<netRentableSquareFeetNumber>37458</netRentableSquareFeetNumber>
			<netRentableSquareFeetSecuritizationNumber>37458</netRentableSquareFeetSecuritizationNumber>
			<yearBuiltNumber>1989</yearBuiltNumber>
			<valuationSecuritizationAmount>3450000.00000000</valuationSecuritizationAmount>
			<valuationSourceSecuritizationCode>MAI</valuationSourceSecuritizationCode>
			<valuationSecuritizationDate>01-17-2025</valuationSecuritizationDate>
			<mostRecentValuationAmount>3450000.00000000</mostRecentValuationAmount>
			<mostRecentValuationDate>01-17-2025</mostRecentValuationDate>
			<mostRecentValuationSourceCode>MAI</mostRecentValuationSourceCode>
			<physicalOccupancySecuritizationPercentage>.92900000</physicalOccupancySecuritizationPercentage>
			<propertyStatusCode>6</propertyStatusCode>
			<DefeasedStatusCode>X</DefeasedStatusCode>
			<largestTenant>Tractor Supply</largestTenant>
			<squareFeetLargestTenantNumber>29000</squareFeetLargestTenantNumber>
			<leaseExpirationLargestTenantDate>03-31-2031</leaseExpirationLargestTenantDate>
			<secondLargestTenant>Modern Nails</secondLargestTenant>
			<squareFeetSecondLargestTenantNumber>2000</squareFeetSecondLargestTenantNumber>
			<leaseExpirationSecondLargestTenantDate>06-30-2033</leaseExpirationSecondLargestTenantDate>
			<thirdLargestTenant>David Carter - Tires Stores</thirdLargestTenant>
			<squareFeetThirdLargestTenantNumber>1600</squareFeetThirdLargestTenantNumber>
			<leaseExpirationThirdLargestTenantDate>08-31-2025</leaseExpirationThirdLargestTenantDate>
			<financialsSecuritizationDate>05-31-2025</financialsSecuritizationDate>
			<revenueSecuritizationAmount>344657.00000000</revenueSecuritizationAmount>
			<operatingExpensesSecuritizationAmount>106565.00000000</operatingExpensesSecuritizationAmount>
			<netOperatingIncomeSecuritizationAmount>238092.00000000</netOperatingIncomeSecuritizationAmount>
			<netCashFlowFlowSecuritizationAmount>217490.00000000</netCashFlowFlowSecuritizationAmount>
			<netOperatingIncomeNetCashFlowSecuritizationCode>UW</netOperatingIncomeNetCashFlowSecuritizationCode>
			<netOperatingIncomeNetCashFlowCode>CREFC</netOperatingIncomeNetCashFlowCode>
			<mostRecentDebtServiceCoverageCode>C</mostRecentDebtServiceCoverageCode>
			<mostRecentAnnualLeaseRolloverReviewDate>04-01-2025</mostRecentAnnualLeaseRolloverReviewDate>
		</property>
		<assetAddedIndicator>false</assetAddedIndicator>
		<reportPeriodModificationIndicator>false</reportPeriodModificationIndicator>
		<reportPeriodBeginningScheduleLoanBalanceAmount>45000000.00000000</reportPeriodBeginningScheduleLoanBalanceAmount>
		<totalScheduledPrincipalInterestDueAmount>222250.00000000</totalScheduledPrincipalInterestDueAmount>
		<reportPeriodInterestRatePercentage>.06350000</reportPeriodInterestRatePercentage>
		<servicerTrusteeFeeRatePercentage>.00016970</servicerTrusteeFeeRatePercentage>
		<scheduledInterestAmount>222250.00000000</scheduledInterestAmount>
		<scheduledPrincipalAmount>.00000000</scheduledPrincipalAmount>
		<otherPrincipalAdjustmentAmount>.00000000</otherPrincipalAdjustmentAmount>
		<reportPeriodEndActualBalanceAmount>45000000.00000000</reportPeriodEndActualBalanceAmount>
		<reportPeriodEndScheduledLoanBalanceAmount>45000000.00000000</reportPeriodEndScheduledLoanBalanceAmount>
		<paidThroughDate>03-01-2026</paidThroughDate>
		<servicingAdvanceMethodCode>1</servicingAdvanceMethodCode>
		<nonRecoverabilityIndicator>false</nonRecoverabilityIndicator>
		<totalPrincipalInterestAdvancedOutstandingAmount>.00000000</totalPrincipalInterestAdvancedOutstandingAmount>
		<totalTaxesInsuranceAdvancesOutstandingAmount>.00000000</totalTaxesInsuranceAdvancesOutstandingAmount>
		<otherExpensesAdvancedOutstandingAmount>.00000000</otherExpensesAdvancedOutstandingAmount>
		<paymentStatusLoanCode>0</paymentStatusLoanCode>
		<primaryServicerName>TBD (Serv. Shift)</primaryServicerName>
		<assetSubjectDemandIndicator>false</assetSubjectDemandIndicator>
		<prepaymentPremiumYieldMaintenanceReceivedAmount>.00000000</prepaymentPremiumYieldMaintenanceReceivedAmount>
	</assets>
	<assets>
		<assetTypeNumber>Prospectus Loan ID</assetTypeNumber>
		<assetNumber>7</assetNumber>
		<GroupID>1</GroupID>
		<reportingPeriodBeginningDate>02-12-2026</reportingPeriodBeginningDate>
		<reportingPeriodEndDate>03-11-2026</reportingPeriodEndDate>
		<originatorName>Barclays Capital Real Estate Inc.</originatorName>
		<originationDate>05-05-2025</originationDate>
		<originalLoanAmount>36000000.00000000</originalLoanAmount>
		<originalTermLoanNumber>120</originalTermLoanNumber>
		<maturityDate>05-06-2035</maturityDate>
		<originalAmortizationTermNumber>0</originalAmortizationTermNumber>
		<originalInterestRatePercentage>.05650000</originalInterestRatePercentage>
		<interestRateSecuritizationPercentage>.05650000</interestRateSecuritizationPercentage>
		<interestAccrualMethodCode>3</interestAccrualMethodCode>
		<originalInterestRateTypeCode>1</originalInterestRateTypeCode>
		<originalInterestOnlyTermNumber>120</originalInterestOnlyTermNumber>
		<firstLoanPaymentDueDate>06-06-2025</firstLoanPaymentDueDate>
		<underwritingIndicator>true</underwritingIndicator>
		<lienPositionSecuritizationCode>1</lienPositionSecuritizationCode>
		<loanStructureCode>PP</loanStructureCode>
		<paymentTypeCode>3</paymentTypeCode>
		<periodicPrincipalAndInterestPaymentSecuritizationAmount>169500.00000000</periodicPrincipalAndInterestPaymentSecuritizationAmount>
		<scheduledPrincipalBalanceSecuritizationAmount>36000000.00000000</scheduledPrincipalBalanceSecuritizationAmount>
		<paymentFrequencyCode>1</paymentFrequencyCode>
		<NumberPropertiesSecuritization>1</NumberPropertiesSecuritization>
		<NumberProperties>1</NumberProperties>
		<graceDaysAllowedNumber>0</graceDaysAllowedNumber>
		<interestOnlyIndicator>true</interestOnlyIndicator>
		<balloonIndicator>true</balloonIndicator>
		<prepaymentPremiumIndicator>false</prepaymentPremiumIndicator>
		<negativeAmortizationIndicator>false</negativeAmortizationIndicator>
		<modifiedIndicator>false</modifiedIndicator>
		<prepaymentLockOutEndDate>11-05-2034</prepaymentLockOutEndDate>
		<deferredInterestCumulativeAmount>.00000000</deferredInterestCumulativeAmount>
		<deferredInterestCollectedAmount>.00000000</deferredInterestCollectedAmount>
		<property>
			<propertyName>32 Old Slip - Leased Fee</propertyName>
			<propertyAddress>32 Old Slip</propertyAddress>
			<propertyCity>New York</propertyCity>
			<propertyState>NY</propertyState>
			<propertyZip>10005</propertyZip>
			<propertyCounty>New York</propertyCounty>
			<propertyTypeCode>98</propertyTypeCode>
			<netRentableSquareFeetNumber>42176</netRentableSquareFeetNumber>
			<netRentableSquareFeetSecuritizationNumber>42176</netRentableSquareFeetSecuritizationNumber>
			<valuationSecuritizationAmount>225000000.00000000</valuationSecuritizationAmount>
			<valuationSourceSecuritizationCode>MAI</valuationSourceSecuritizationCode>
			<valuationSecuritizationDate>03-24-2025</valuationSecuritizationDate>
			<mostRecentValuationAmount>225000000.00000000</mostRecentValuationAmount>
			<mostRecentValuationDate>03-24-2025</mostRecentValuationDate>
			<mostRecentValuationSourceCode>MAI</mostRecentValuationSourceCode>
			<propertyStatusCode>6</propertyStatusCode>
			<defeasanceOptionStartDate>08-06-2027</defeasanceOptionStartDate>
			<DefeasedStatusCode>N</DefeasedStatusCode>
			<largestTenant>RXR OLD SLIP OWNER LLC</largestTenant>
			<squareFeetLargestTenantNumber>0</squareFeetLargestTenantNumber>
			<leaseExpirationLargestTenantDate>03-31-2038</leaseExpirationLargestTenantDate>
			<mostRecentFinancialsStartDate>01-01-2025</mostRecentFinancialsStartDate>
			<mostRecentFinancialsEndDate>09-30-2025</mostRecentFinancialsEndDate>
			<revenueSecuritizationAmount>10481490.00000000</revenueSecuritizationAmount>
			<mostRecentRevenueAmount>9167256.00000000</mostRecentRevenueAmount>
			<operatingExpensesSecuritizationAmount>.00000000</operatingExpensesSecuritizationAmount>
			<netOperatingIncomeSecuritizationAmount>10481490.00000000</netOperatingIncomeSecuritizationAmount>
			<mostRecentNetOperatingIncomeAmount>9167256.00000000</mostRecentNetOperatingIncomeAmount>
			<netCashFlowFlowSecuritizationAmount>10481490.00000000</netCashFlowFlowSecuritizationAmount>
			<mostRecentNetCashFlowAmount>9167256.00000000</mostRecentNetCashFlowAmount>
			<netOperatingIncomeNetCashFlowSecuritizationCode>UW</netOperatingIncomeNetCashFlowSecuritizationCode>
			<netOperatingIncomeNetCashFlowCode>CREFC</netOperatingIncomeNetCashFlowCode>
			<mostRecentDebtServiceAmount>10111617.88000000</mostRecentDebtServiceAmount>
			<debtServiceCoverageNetOperatingIncomeSecuritizationPercentage>1.10000000</debtServiceCoverageNetOperatingIncomeSecuritizationPercentage>
			<mostRecentDebtServiceCoverageNetOperatingIncomePercentage>.90660000</mostRecentDebtServiceCoverageNetOperatingIncomePercentage>
			<debtServiceCoverageNetCashFlowSecuritizationPercentage>1.10000000</debtServiceCoverageNetCashFlowSecuritizationPercentage>
			<mostRecentDebtServiceCoverageNetCashFlowpercentage>.90660000</mostRecentDebtServiceCoverageNetCashFlowpercentage>
			<debtServiceCoverageSecuritizationCode>F</debtServiceCoverageSecuritizationCode>
			<mostRecentDebtServiceCoverageCode>F</mostRecentDebtServiceCoverageCode>
		</property>
		<assetAddedIndicator>false</assetAddedIndicator>
		<reportPeriodModificationIndicator>false</reportPeriodModificationIndicator>
		<reportPeriodBeginningScheduleLoanBalanceAmount>36000000.00000000</reportPeriodBeginningScheduleLoanBalanceAmount>
		<totalScheduledPrincipalInterestDueAmount>158200.00000000</totalScheduledPrincipalInterestDueAmount>
		<reportPeriodInterestRatePercentage>.05650000</reportPeriodInterestRatePercentage>
		<servicerTrusteeFeeRatePercentage>.00016970</servicerTrusteeFeeRatePercentage>
		<scheduledInterestAmount>158200.00000000</scheduledInterestAmount>
		<scheduledPrincipalAmount>.00000000</scheduledPrincipalAmount>
		<otherPrincipalAdjustmentAmount>.00000000</otherPrincipalAdjustmentAmount>
		<reportPeriodEndActualBalanceAmount>36000000.00000000</reportPeriodEndActualBalanceAmount>
		<reportPeriodEndScheduledLoanBalanceAmount>36000000.00000000</reportPeriodEndScheduledLoanBalanceAmount>
		<paidThroughDate>03-06-2026</paidThroughDate>
		<servicingAdvanceMethodCode>1</servicingAdvanceMethodCode>
		<nonRecoverabilityIndicator>false</nonRecoverabilityIndicator>
		<totalPrincipalInterestAdvancedOutstandingAmount>.00000000</totalPrincipalInterestAdvancedOutstandingAmount>
		<totalTaxesInsuranceAdvancesOutstandingAmount>.00000000</totalTaxesInsuranceAdvancesOutstandingAmount>
		<otherExpensesAdvancedOutstandingAmount>.00000000</otherExpensesAdvancedOutstandingAmount>
		<paymentStatusLoanCode>0</paymentStatusLoanCode>
		<primaryServicerName>Trimont LLC</primaryServicerName>
		<assetSubjectDemandIndicator>false</assetSubjectDemandIndicator>
		<prepaymentPremiumYieldMaintenanceReceivedAmount>.00000000</prepaymentPremiumYieldMaintenanceReceivedAmount>
	</assets>
	<assets>
		<assetTypeNumber>Prospectus Loan ID</assetTypeNumber>
		<assetNumber>8</assetNumber>
		<GroupID>1</GroupID>
		<reportingPeriodBeginningDate>02-12-2026</reportingPeriodBeginningDate>
		<reportingPeriodEndDate>03-11-2026</reportingPeriodEndDate>
		<originatorName>UBS AG</originatorName>
		<originationDate>06-25-2025</originationDate>
		<originalLoanAmount>33250000.00000000</originalLoanAmount>
		<originalTermLoanNumber>120</originalTermLoanNumber>
		<maturityDate>07-06-2035</maturityDate>
		<originalAmortizationTermNumber>0</originalAmortizationTermNumber>
		<originalInterestRatePercentage>.06662000</originalInterestRatePercentage>
		<interestRateSecuritizationPercentage>.06662000</interestRateSecuritizationPercentage>
		<interestAccrualMethodCode>3</interestAccrualMethodCode>
		<originalInterestRateTypeCode>1</originalInterestRateTypeCode>
		<originalInterestOnlyTermNumber>120</originalInterestOnlyTermNumber>
		<firstLoanPaymentDueDate>08-06-2025</firstLoanPaymentDueDate>
		<underwritingIndicator>true</underwritingIndicator>
		<lienPositionSecuritizationCode>1</lienPositionSecuritizationCode>
		<loanStructureCode>WL</loanStructureCode>
		<paymentTypeCode>3</paymentTypeCode>
		<periodicPrincipalAndInterestPaymentSecuritizationAmount>.00000000</periodicPrincipalAndInterestPaymentSecuritizationAmount>
		<scheduledPrincipalBalanceSecuritizationAmount>33250000.00000000</scheduledPrincipalBalanceSecuritizationAmount>
		<paymentFrequencyCode>1</paymentFrequencyCode>
		<NumberPropertiesSecuritization>1</NumberPropertiesSecuritization>
		<NumberProperties>1</NumberProperties>
		<graceDaysAllowedNumber>5</graceDaysAllowedNumber>
		<interestOnlyIndicator>true</interestOnlyIndicator>
		<balloonIndicator>true</balloonIndicator>
		<prepaymentPremiumIndicator>false</prepaymentPremiumIndicator>
		<negativeAmortizationIndicator>false</negativeAmortizationIndicator>
		<modifiedIndicator>false</modifiedIndicator>
		<prepaymentLockOutEndDate>01-05-2035</prepaymentLockOutEndDate>
		<deferredInterestCumulativeAmount>.00000000</deferredInterestCumulativeAmount>
		<deferredInterestCollectedAmount>.00000000</deferredInterestCollectedAmount>
		<property>
			<propertyName>Davis Ford Crossing</propertyName>
			<propertyAddress>9860, 9870-9890 Liberia Avenue 10055 Wellington Rd, 9898-9972 Liberia Ave</propertyAddress>
			<propertyCity>Manassas</propertyCity>
			<propertyState>VA</propertyState>
			<propertyZip>20110</propertyZip>
			<propertyCounty>Prince William</propertyCounty>
			<propertyTypeCode>RT</propertyTypeCode>
			<netRentableSquareFeetNumber>155061</netRentableSquareFeetNumber>
			<netRentableSquareFeetSecuritizationNumber>155061</netRentableSquareFeetSecuritizationNumber>
			<yearBuiltNumber>1990</yearBuiltNumber>
			<yearLastRenovated>2015</yearLastRenovated>
			<valuationSecuritizationAmount>49400000.00000000</valuationSecuritizationAmount>
			<valuationSourceSecuritizationCode>MAI</valuationSourceSecuritizationCode>
			<valuationSecuritizationDate>04-12-2025</valuationSecuritizationDate>
			<mostRecentValuationAmount>49400000.00000000</mostRecentValuationAmount>
			<mostRecentValuationDate>04-12-2025</mostRecentValuationDate>
			<mostRecentValuationSourceCode>MAI</mostRecentValuationSourceCode>
			<physicalOccupancySecuritizationPercentage>.94800000</physicalOccupancySecuritizationPercentage>
			<mostRecentPhysicalOccupancyPercentage>.94840000</mostRecentPhysicalOccupancyPercentage>
			<propertyStatusCode>6</propertyStatusCode>
			<defeasanceOptionStartDate>08-06-2027</defeasanceOptionStartDate>
			<DefeasedStatusCode>X</DefeasedStatusCode>
			<largestTenant>LA Fitness #48630</largestTenant>
			<squareFeetLargestTenantNumber>45000</squareFeetLargestTenantNumber>
			<leaseExpirationLargestTenantDate>06-30-2029</leaseExpirationLargestTenantDate>
			<secondLargestTenant>Staples #1647</secondLargestTenant>
			<squareFeetSecondLargestTenantNumber>20495</squareFeetSecondLargestTenantNumber>
			<leaseExpirationSecondLargestTenantDate>05-31-2031</leaseExpirationSecondLargestTenantDate>
			<thirdLargestTenant>Petco Animal Supplies Stores #28</thirdLargestTenant>
			<squareFeetThirdLargestTenantNumber>10287</squareFeetThirdLargestTenantNumber>
			<leaseExpirationThirdLargestTenantDate>01-31-2029</leaseExpirationThirdLargestTenantDate>
			<financialsSecuritizationDate>03-31-2025</financialsSecuritizationDate>
			<mostRecentFinancialsStartDate>01-01-2025</mostRecentFinancialsStartDate>
			<mostRecentFinancialsEndDate>12-31-2025</mostRecentFinancialsEndDate>
			<revenueSecuritizationAmount>4569629.00000000</revenueSecuritizationAmount>
			<mostRecentRevenueAmount>4557567.88000000</mostRecentRevenueAmount>
			<operatingExpensesSecuritizationAmount>1117263.00000000</operatingExpensesSecuritizationAmount>
			<operatingExpensesAmount>1244955.63000000</operatingExpensesAmount>
			<netOperatingIncomeSecuritizationAmount>3452366.00000000</netOperatingIncomeSecuritizationAmount>
			<mostRecentNetOperatingIncomeAmount>3312612.25000000</mostRecentNetOperatingIncomeAmount>
			<netCashFlowFlowSecuritizationAmount>3276009.00000000</netCashFlowFlowSecuritizationAmount>
			<mostRecentNetCashFlowAmount>3136255.25000000</mostRecentNetCashFlowAmount>
			<netOperatingIncomeNetCashFlowSecuritizationCode>UW</netOperatingIncomeNetCashFlowSecuritizationCode>
			<netOperatingIncomeNetCashFlowCode>CREFC</netOperatingIncomeNetCashFlowCode>
			<mostRecentDebtServiceAmount>2245880.44000000</mostRecentDebtServiceAmount>
			<debtServiceCoverageNetOperatingIncomeSecuritizationPercentage>1.54000000</debtServiceCoverageNetOperatingIncomeSecuritizationPercentage>
			<mostRecentDebtServiceCoverageNetOperatingIncomePercentage>1.47500000</mostRecentDebtServiceCoverageNetOperatingIncomePercentage>
			<debtServiceCoverageNetCashFlowSecuritizationPercentage>1.46000000</debtServiceCoverageNetCashFlowSecuritizationPercentage>
			<mostRecentDebtServiceCoverageNetCashFlowpercentage>1.39640000</mostRecentDebtServiceCoverageNetCashFlowpercentage>
			<debtServiceCoverageSecuritizationCode>F</debtServiceCoverageSecuritizationCode>
			<mostRecentAnnualLeaseRolloverReviewDate>12-31-2025</mostRecentAnnualLeaseRolloverReviewDate>
		</property>
		<assetAddedIndicator>false</assetAddedIndicator>
		<reportPeriodModificationIndicator>false</reportPeriodModificationIndicator>
		<reportPeriodBeginningScheduleLoanBalanceAmount>33250000.00000000</reportPeriodBeginningScheduleLoanBalanceAmount>
		<totalScheduledPrincipalInterestDueAmount>172286.72000000</totalScheduledPrincipalInterestDueAmount>
		<reportPeriodInterestRatePercentage>.06662000</reportPeriodInterestRatePercentage>
		<servicerTrusteeFeeRatePercentage>.00016970</servicerTrusteeFeeRatePercentage>
		<scheduledInterestAmount>172286.72000000</scheduledInterestAmount>
		<scheduledPrincipalAmount>.00000000</scheduledPrincipalAmount>
		<otherPrincipalAdjustmentAmount>.00000000</otherPrincipalAdjustmentAmount>
		<reportPeriodEndActualBalanceAmount>33250000.00000000</reportPeriodEndActualBalanceAmount>
		<reportPeriodEndScheduledLoanBalanceAmount>33250000.00000000</reportPeriodEndScheduledLoanBalanceAmount>
		<paidThroughDate>03-06-2026</paidThroughDate>
		<servicingAdvanceMethodCode>1</servicingAdvanceMethodCode>
		<nonRecoverabilityIndicator>false</nonRecoverabilityIndicator>
		<totalPrincipalInterestAdvancedOutstandingAmount>.00000000</totalPrincipalInterestAdvancedOutstandingAmount>
		<totalTaxesInsuranceAdvancesOutstandingAmount>.00000000</totalTaxesInsuranceAdvancesOutstandingAmount>
		<otherExpensesAdvancedOutstandingAmount>.00000000</otherExpensesAdvancedOutstandingAmount>
		<paymentStatusLoanCode>0</paymentStatusLoanCode>
		<primaryServicerName>Midland</primaryServicerName>
		<assetSubjectDemandIndicator>false</assetSubjectDemandIndicator>
		<prepaymentPremiumYieldMaintenanceReceivedAmount>.00000000</prepaymentPremiumYieldMaintenanceReceivedAmount>
	</assets>
	<assets>
		<assetTypeNumber>Prospectus Loan ID</assetTypeNumber>
		<assetNumber>9</assetNumber>
		<GroupID>1</GroupID>
		<reportingPeriodBeginningDate>02-12-2026</reportingPeriodBeginningDate>
		<reportingPeriodEndDate>03-11-2026</reportingPeriodEndDate>
		<originatorName>Barclays Capital Real Estate Inc.</originatorName>
		<originationDate>06-26-2025</originationDate>
		<originalLoanAmount>28750000.00000000</originalLoanAmount>
		<originalTermLoanNumber>120</originalTermLoanNumber>
		<maturityDate>07-06-2035</maturityDate>
		<originalAmortizationTermNumber>0</originalAmortizationTermNumber>
		<originalInterestRatePercentage>.06080000</originalInterestRatePercentage>
		<interestRateSecuritizationPercentage>.06080000</interestRateSecuritizationPercentage>
		<interestAccrualMethodCode>3</interestAccrualMethodCode>
		<originalInterestRateTypeCode>1</originalInterestRateTypeCode>
		<originalInterestOnlyTermNumber>120</originalInterestOnlyTermNumber>
		<firstLoanPaymentDueDate>08-06-2025</firstLoanPaymentDueDate>
		<underwritingIndicator>true</underwritingIndicator>
		<lienPositionSecuritizationCode>1</lienPositionSecuritizationCode>
		<loanStructureCode>WL</loanStructureCode>
		<paymentTypeCode>3</paymentTypeCode>
		<periodicPrincipalAndInterestPaymentSecuritizationAmount>.00000000</periodicPrincipalAndInterestPaymentSecuritizationAmount>
		<scheduledPrincipalBalanceSecuritizationAmount>28750000.00000000</scheduledPrincipalBalanceSecuritizationAmount>
		<paymentFrequencyCode>1</paymentFrequencyCode>
		<NumberPropertiesSecuritization>1</NumberPropertiesSecuritization>
		<NumberProperties>1</NumberProperties>
		<graceDaysAllowedNumber>0</graceDaysAllowedNumber>
		<interestOnlyIndicator>true</interestOnlyIndicator>
		<balloonIndicator>true</balloonIndicator>
		<prepaymentPremiumIndicator>false</prepaymentPremiumIndicator>
		<negativeAmortizationIndicator>false</negativeAmortizationIndicator>
		<modifiedIndicator>false</modifiedIndicator>
		<prepaymentLockOutEndDate>04-05-2035</prepaymentLockOutEndDate>
		<deferredInterestCumulativeAmount>.00000000</deferredInterestCumulativeAmount>
		<deferredInterestCollectedAmount>.00000000</deferredInterestCollectedAmount>
		<property>
			<propertyName>Norton Links</propertyName>
			<propertyAddress>195 Mansfield Avenue</propertyAddress>
			<propertyCity>Norton</propertyCity>
			<propertyState>MA</propertyState>
			<propertyZip>2766</propertyZip>
			<propertyCounty>Bristol</propertyCounty>
			<propertyTypeCode>MF</propertyTypeCode>
			<unitsBedsRoomsNumber>100</unitsBedsRoomsNumber>
			<unitsBedsRoomsSecuritizationNumber>100</unitsBedsRoomsSecuritizationNumber>
			<yearBuiltNumber>2024</yearBuiltNumber>
			<valuationSecuritizationAmount>41900000.00000000</valuationSecuritizationAmount>
			<valuationSourceSecuritizationCode>MAI</valuationSourceSecuritizationCode>
			<valuationSecuritizationDate>04-28-2025</valuationSecuritizationDate>
			<mostRecentValuationAmount>41900000.00000000</mostRecentValuationAmount>
			<mostRecentValuationDate>04-28-2025</mostRecentValuationDate>
			<mostRecentValuationSourceCode>MAI</mostRecentValuationSourceCode>
			<physicalOccupancySecuritizationPercentage>.97000000</physicalOccupancySecuritizationPercentage>
			<mostRecentPhysicalOccupancyPercentage>.95000000</mostRecentPhysicalOccupancyPercentage>
			<propertyStatusCode>6</propertyStatusCode>
			<defeasanceOptionStartDate>08-06-2027</defeasanceOptionStartDate>
			<DefeasedStatusCode>N</DefeasedStatusCode>
			<financialsSecuritizationDate>05-31-2025</financialsSecuritizationDate>
			<mostRecentFinancialsStartDate>07-01-2025</mostRecentFinancialsStartDate>
			<mostRecentFinancialsEndDate>12-31-2025</mostRecentFinancialsEndDate>
			<revenueSecuritizationAmount>3060533.00000000</revenueSecuritizationAmount>
			<mostRecentRevenueAmount>4550872.00000000</mostRecentRevenueAmount>
			<operatingExpensesSecuritizationAmount>856737.00000000</operatingExpensesSecuritizationAmount>
			<operatingExpensesAmount>1738522.24000000</operatingExpensesAmount>
			<netOperatingIncomeSecuritizationAmount>2203796.00000000</netOperatingIncomeSecuritizationAmount>
			<mostRecentNetOperatingIncomeAmount>2812349.76000000</mostRecentNetOperatingIncomeAmount>
			<netCashFlowFlowSecuritizationAmount>2178796.00000000</netCashFlowFlowSecuritizationAmount>
			<mostRecentNetCashFlowAmount>2787349.76000000</mostRecentNetCashFlowAmount>
			<netOperatingIncomeNetCashFlowSecuritizationCode>UW</netOperatingIncomeNetCashFlowSecuritizationCode>
			<netOperatingIncomeNetCashFlowCode>CREFC</netOperatingIncomeNetCashFlowCode>
			<mostRecentDebtServiceAmount>1772277.76000000</mostRecentDebtServiceAmount>
			<debtServiceCoverageNetOperatingIncomeSecuritizationPercentage>1.24000000</debtServiceCoverageNetOperatingIncomeSecuritizationPercentage>
			<mostRecentDebtServiceCoverageNetOperatingIncomePercentage>1.58690000</mostRecentDebtServiceCoverageNetOperatingIncomePercentage>
			<debtServiceCoverageNetCashFlowSecuritizationPercentage>1.23000000</debtServiceCoverageNetCashFlowSecuritizationPercentage>
			<mostRecentDebtServiceCoverageNetCashFlowpercentage>1.57270000</mostRecentDebtServiceCoverageNetCashFlowpercentage>
			<debtServiceCoverageSecuritizationCode>F</debtServiceCoverageSecuritizationCode>
		</property>
		<assetAddedIndicator>false</assetAddedIndicator>
		<reportPeriodModificationIndicator>false</reportPeriodModificationIndicator>
		<reportPeriodBeginningScheduleLoanBalanceAmount>28750000.00000000</reportPeriodBeginningScheduleLoanBalanceAmount>
		<totalScheduledPrincipalInterestDueAmount>135955.56000000</totalScheduledPrincipalInterestDueAmount>
		<reportPeriodInterestRatePercentage>.06080000</reportPeriodInterestRatePercentage>
		<servicerTrusteeFeeRatePercentage>.00036970</servicerTrusteeFeeRatePercentage>
		<scheduledInterestAmount>135955.56000000</scheduledInterestAmount>
		<scheduledPrincipalAmount>.00000000</scheduledPrincipalAmount>
		<otherPrincipalAdjustmentAmount>.00000000</otherPrincipalAdjustmentAmount>
		<reportPeriodEndActualBalanceAmount>28750000.00000000</reportPeriodEndActualBalanceAmount>
		<reportPeriodEndScheduledLoanBalanceAmount>28750000.00000000</reportPeriodEndScheduledLoanBalanceAmount>
		<paidThroughDate>03-06-2026</paidThroughDate>
		<servicingAdvanceMethodCode>1</servicingAdvanceMethodCode>
		<nonRecoverabilityIndicator>false</nonRecoverabilityIndicator>
		<totalPrincipalInterestAdvancedOutstandingAmount>.00000000</totalPrincipalInterestAdvancedOutstandingAmount>
		<totalTaxesInsuranceAdvancesOutstandingAmount>.00000000</totalTaxesInsuranceAdvancesOutstandingAmount>
		<otherExpensesAdvancedOutstandingAmount>.00000000</otherExpensesAdvancedOutstandingAmount>
		<paymentStatusLoanCode>0</paymentStatusLoanCode>
		<primaryServicerName>CBRE</primaryServicerName>
		<assetSubjectDemandIndicator>false</assetSubjectDemandIndicator>
		<prepaymentPremiumYieldMaintenanceReceivedAmount>.00000000</prepaymentPremiumYieldMaintenanceReceivedAmount>
	</assets>
	<assets>
		<assetTypeNumber>Prospectus Loan ID</assetTypeNumber>
		<assetNumber>10</assetNumber>
		<GroupID>1</GroupID>
		<reportingPeriodBeginningDate>02-12-2026</reportingPeriodBeginningDate>
		<reportingPeriodEndDate>03-11-2026</reportingPeriodEndDate>
		<originatorName>UBS AG</originatorName>
		<originationDate>06-23-2025</originationDate>
		<originalLoanAmount>25680000.00000000</originalLoanAmount>
		<originalTermLoanNumber>120</originalTermLoanNumber>
		<maturityDate>07-06-2035</maturityDate>
		<originalAmortizationTermNumber>0</originalAmortizationTermNumber>
		<originalInterestRatePercentage>.06680000</originalInterestRatePercentage>
		<interestRateSecuritizationPercentage>.06680000</interestRateSecuritizationPercentage>
		<interestAccrualMethodCode>3</interestAccrualMethodCode>
		<originalInterestRateTypeCode>1</originalInterestRateTypeCode>
		<originalInterestOnlyTermNumber>120</originalInterestOnlyTermNumber>
		<firstLoanPaymentDueDate>08-06-2025</firstLoanPaymentDueDate>
		<underwritingIndicator>true</underwritingIndicator>
		<lienPositionSecuritizationCode>1</lienPositionSecuritizationCode>
		<loanStructureCode>PP</loanStructureCode>
		<paymentTypeCode>3</paymentTypeCode>
		<periodicPrincipalAndInterestPaymentSecuritizationAmount>.00000000</periodicPrincipalAndInterestPaymentSecuritizationAmount>
		<scheduledPrincipalBalanceSecuritizationAmount>25680000.00000000</scheduledPrincipalBalanceSecuritizationAmount>
		<paymentFrequencyCode>1</paymentFrequencyCode>
		<NumberPropertiesSecuritization>1</NumberPropertiesSecuritization>
		<NumberProperties>1</NumberProperties>
		<graceDaysAllowedNumber>0</graceDaysAllowedNumber>
		<interestOnlyIndicator>true</interestOnlyIndicator>
		<balloonIndicator>true</balloonIndicator>
		<prepaymentPremiumIndicator>false</prepaymentPremiumIndicator>
		<negativeAmortizationIndicator>false</negativeAmortizationIndicator>
		<modifiedIndicator>false</modifiedIndicator>
		<prepaymentLockOutEndDate>01-05-2035</prepaymentLockOutEndDate>
		<deferredInterestCumulativeAmount>.00000000</deferredInterestCumulativeAmount>
		<deferredInterestCollectedAmount>.00000000</deferredInterestCollectedAmount>
		<property>
			<propertyName>The Hollywood Collection</propertyName>
			<propertyAddress>7021 and 7001-7013 Hollywood Boulevard</propertyAddress>
			<propertyCity>Los Angeles</propertyCity>
			<propertyState>CA</propertyState>
			<propertyZip>90028</propertyZip>
			<propertyCounty>Los Angeles</propertyCounty>
			<propertyTypeCode>RT</propertyTypeCode>
			<netRentableSquareFeetNumber>180797</netRentableSquareFeetNumber>
			<netRentableSquareFeetSecuritizationNumber>180797</netRentableSquareFeetSecuritizationNumber>
			<yearBuiltNumber>1929</yearBuiltNumber>
			<yearLastRenovated>2014</yearLastRenovated>
			<valuationSecuritizationAmount>69200000.00000000</valuationSecuritizationAmount>
			<valuationSourceSecuritizationCode>MAI</valuationSourceSecuritizationCode>
			<valuationSecuritizationDate>05-20-2025</valuationSecuritizationDate>
			<mostRecentValuationAmount>69200000.00000000</mostRecentValuationAmount>
			<mostRecentValuationDate>05-20-2025</mostRecentValuationDate>
			<mostRecentValuationSourceCode>MAI</mostRecentValuationSourceCode>
			<physicalOccupancySecuritizationPercentage>.86000000</physicalOccupancySecuritizationPercentage>
			<propertyStatusCode>6</propertyStatusCode>
			<defeasanceOptionStartDate>08-06-2027</defeasanceOptionStartDate>
			<DefeasedStatusCode>X</DefeasedStatusCode>
			<largestTenant>L.A. Fitness Sports Clubs</largestTenant>
			<squareFeetLargestTenantNumber>43000</squareFeetLargestTenantNumber>
			<leaseExpirationLargestTenantDate>04-05-2031</leaseExpirationLargestTenantDate>
			<secondLargestTenant>Target</secondLargestTenant>
			<squareFeetSecondLargestTenantNumber>38839</squareFeetSecondLargestTenantNumber>
			<leaseExpirationSecondLargestTenantDate>01-31-2037</leaseExpirationSecondLargestTenantDate>
			<thirdLargestTenant>Marshalls</thirdLargestTenant>
			<squareFeetThirdLargestTenantNumber>31916</squareFeetThirdLargestTenantNumber>
			<leaseExpirationThirdLargestTenantDate>01-31-2026</leaseExpirationThirdLargestTenantDate>
			<financialsSecuritizationDate>03-31-2025</financialsSecuritizationDate>
			<revenueSecuritizationAmount>8208271.00000000</revenueSecuritizationAmount>
			<operatingExpensesSecuritizationAmount>2972767.00000000</operatingExpensesSecuritizationAmount>
			<netOperatingIncomeSecuritizationAmount>5235504.00000000</netOperatingIncomeSecuritizationAmount>
			<netCashFlowFlowSecuritizationAmount>4981102.00000000</netCashFlowFlowSecuritizationAmount>
			<netOperatingIncomeNetCashFlowSecuritizationCode>UW</netOperatingIncomeNetCashFlowSecuritizationCode>
			<netOperatingIncomeNetCashFlowCode>CREFC</netOperatingIncomeNetCashFlowCode>
			<debtServiceCoverageNetOperatingIncomeSecuritizationPercentage>1.56000000</debtServiceCoverageNetOperatingIncomeSecuritizationPercentage>
			<debtServiceCoverageNetCashFlowSecuritizationPercentage>1.48000000</debtServiceCoverageNetCashFlowSecuritizationPercentage>
			<debtServiceCoverageSecuritizationCode>F</debtServiceCoverageSecuritizationCode>
			<mostRecentAnnualLeaseRolloverReviewDate>05-31-2025</mostRecentAnnualLeaseRolloverReviewDate>
		</property>
		<assetAddedIndicator>false</assetAddedIndicator>
		<reportPeriodModificationIndicator>false</reportPeriodModificationIndicator>
		<reportPeriodBeginningScheduleLoanBalanceAmount>25680000.00000000</reportPeriodBeginningScheduleLoanBalanceAmount>
		<totalScheduledPrincipalInterestDueAmount>133421.87000000</totalScheduledPrincipalInterestDueAmount>
		<reportPeriodInterestRatePercentage>.06680000</reportPeriodInterestRatePercentage>
		<servicerTrusteeFeeRatePercentage>.00016970</servicerTrusteeFeeRatePercentage>
		<scheduledInterestAmount>133421.87000000</scheduledInterestAmount>
		<scheduledPrincipalAmount>.00000000</scheduledPrincipalAmount>
		<otherPrincipalAdjustmentAmount>.00000000</otherPrincipalAdjustmentAmount>
		<reportPeriodEndActualBalanceAmount>25680000.00000000</reportPeriodEndActualBalanceAmount>
		<reportPeriodEndScheduledLoanBalanceAmount>25680000.00000000</reportPeriodEndScheduledLoanBalanceAmount>
		<paidThroughDate>03-06-2026</paidThroughDate>
		<servicingAdvanceMethodCode>1</servicingAdvanceMethodCode>
		<nonRecoverabilityIndicator>false</nonRecoverabilityIndicator>
		<totalPrincipalInterestAdvancedOutstandingAmount>.00000000</totalPrincipalInterestAdvancedOutstandingAmount>
		<totalTaxesInsuranceAdvancesOutstandingAmount>.00000000</totalTaxesInsuranceAdvancesOutstandingAmount>
		<otherExpensesAdvancedOutstandingAmount>.00000000</otherExpensesAdvancedOutstandingAmount>
		<paymentStatusLoanCode>0</paymentStatusLoanCode>
		<primaryServicerName>Midland</primaryServicerName>
		<assetSubjectDemandIndicator>false</assetSubjectDemandIndicator>
		<prepaymentPremiumYieldMaintenanceReceivedAmount>.00000000</prepaymentPremiumYieldMaintenanceReceivedAmount>
	</assets>
	<assets>
		<assetTypeNumber>Prospectus Loan ID</assetTypeNumber>
		<assetNumber>11</assetNumber>
		<GroupID>1</GroupID>
		<reportingPeriodBeginningDate>02-12-2026</reportingPeriodBeginningDate>
		<reportingPeriodEndDate>03-11-2026</reportingPeriodEndDate>
		<originatorName>Barclays Capital Real Estate Inc.</originatorName>
		<originationDate>06-24-2025</originationDate>
		<originalLoanAmount>23850000.00000000</originalLoanAmount>
		<originalTermLoanNumber>120</originalTermLoanNumber>
		<maturityDate>07-06-2035</maturityDate>
		<originalAmortizationTermNumber>0</originalAmortizationTermNumber>
		<originalInterestRatePercentage>.06395000</originalInterestRatePercentage>
		<interestRateSecuritizationPercentage>.06395000</interestRateSecuritizationPercentage>
		<interestAccrualMethodCode>3</interestAccrualMethodCode>
		<originalInterestRateTypeCode>1</originalInterestRateTypeCode>
		<originalInterestOnlyTermNumber>120</originalInterestOnlyTermNumber>
		<firstLoanPaymentDueDate>08-06-2025</firstLoanPaymentDueDate>
		<underwritingIndicator>true</underwritingIndicator>
		<lienPositionSecuritizationCode>1</lienPositionSecuritizationCode>
		<loanStructureCode>WL</loanStructureCode>
		<paymentTypeCode>3</paymentTypeCode>
		<periodicPrincipalAndInterestPaymentSecuritizationAmount>.00000000</periodicPrincipalAndInterestPaymentSecuritizationAmount>
		<scheduledPrincipalBalanceSecuritizationAmount>23850000.00000000</scheduledPrincipalBalanceSecuritizationAmount>
		<paymentFrequencyCode>1</paymentFrequencyCode>
		<NumberPropertiesSecuritization>3</NumberPropertiesSecuritization>
		<NumberProperties>3</NumberProperties>
		<graceDaysAllowedNumber>0</graceDaysAllowedNumber>
		<interestOnlyIndicator>true</interestOnlyIndicator>
		<balloonIndicator>true</balloonIndicator>
		<prepaymentPremiumIndicator>true</prepaymentPremiumIndicator>
		<negativeAmortizationIndicator>false</negativeAmortizationIndicator>
		<modifiedIndicator>false</modifiedIndicator>
		<prepaymentLockOutEndDate>08-05-2027</prepaymentLockOutEndDate>
		<yieldMaintenanceEndDate>01-05-2035</yieldMaintenanceEndDate>
		<prepaymentPremiumsEndDate>01-05-2035</prepaymentPremiumsEndDate>
		<deferredInterestCumulativeAmount>.00000000</deferredInterestCumulativeAmount>
		<deferredInterestCollectedAmount>.00000000</deferredInterestCollectedAmount>
		<property>
			<propertyName>Leeton Leased Fee Portfolio</propertyName>
			<propertyAddress>1600 Eastchase Parkway</propertyAddress>
			<propertyCity>Fort Worth</propertyCity>
			<propertyState>TX</propertyState>
			<propertyZip>76120</propertyZip>
			<propertyCounty>Tarrant</propertyCounty>
			<propertyTypeCode>RT</propertyTypeCode>
			<netRentableSquareFeetNumber>261730</netRentableSquareFeetNumber>
			<netRentableSquareFeetSecuritizationNumber>261730</netRentableSquareFeetSecuritizationNumber>
			<yearBuiltNumber>1994</yearBuiltNumber>
			<yearLastRenovated>2023</yearLastRenovated>
			<valuationSecuritizationAmount>14000000.00000000</valuationSecuritizationAmount>
			<valuationSourceSecuritizationCode>MAI</valuationSourceSecuritizationCode>
			<valuationSecuritizationDate>02-13-2025</valuationSecuritizationDate>
			<mostRecentValuationAmount>14000000.00000000</mostRecentValuationAmount>
			<mostRecentValuationDate>02-13-2025</mostRecentValuationDate>
			<mostRecentValuationSourceCode>MAI</mostRecentValuationSourceCode>
			<physicalOccupancySecuritizationPercentage>1.00000000</physicalOccupancySecuritizationPercentage>
			<propertyStatusCode>6</propertyStatusCode>
			<DefeasedStatusCode>X</DefeasedStatusCode>
			<netOperatingIncomeNetCashFlowSecuritizationCode>UW</netOperatingIncomeNetCashFlowSecuritizationCode>
			<netOperatingIncomeNetCashFlowCode>CREFC</netOperatingIncomeNetCashFlowCode>
			<mostRecentAnnualLeaseRolloverReviewDate>06-24-2025</mostRecentAnnualLeaseRolloverReviewDate>
		</property>
		<property>
			<propertyName>2302 Windsong Drive</propertyName>
			<propertyAddress>2302 Windsong Drive</propertyAddress>
			<propertyCity>Indianapolis</propertyCity>
			<propertyState>IN</propertyState>
			<propertyZip>46229</propertyZip>
			<propertyCounty>Marion</propertyCounty>
			<propertyTypeCode>MF</propertyTypeCode>
			<netRentableSquareFeetNumber>184128</netRentableSquareFeetNumber>
			<netRentableSquareFeetSecuritizationNumber>184128</netRentableSquareFeetSecuritizationNumber>
			<yearBuiltNumber>1982</yearBuiltNumber>
			<yearLastRenovated>2016</yearLastRenovated>
			<valuationSecuritizationAmount>8640000.00000000</valuationSecuritizationAmount>
			<valuationSourceSecuritizationCode>MAI</valuationSourceSecuritizationCode>
			<valuationSecuritizationDate>02-12-2025</valuationSecuritizationDate>
			<mostRecentValuationAmount>8640000.00000000</mostRecentValuationAmount>
			<mostRecentValuationDate>02-12-2025</mostRecentValuationDate>
			<mostRecentValuationSourceCode>MAI</mostRecentValuationSourceCode>
			<physicalOccupancySecuritizationPercentage>1.00000000</physicalOccupancySecuritizationPercentage>
			<propertyStatusCode>6</propertyStatusCode>
			<DefeasedStatusCode>X</DefeasedStatusCode>
			<netOperatingIncomeNetCashFlowSecuritizationCode>UW</netOperatingIncomeNetCashFlowSecuritizationCode>
			<netOperatingIncomeNetCashFlowCode>CREFC</netOperatingIncomeNetCashFlowCode>
		</property>
		<property>
			<propertyName>1905 West 40th Street</propertyName>
			<propertyAddress>1905 West 40th Street</propertyAddress>
			<propertyCity>Davenport</propertyCity>
			<propertyState>IA</propertyState>
			<propertyZip>52806</propertyZip>
			<propertyCounty>Scott</propertyCounty>
			<propertyTypeCode>MF</propertyTypeCode>
			<netRentableSquareFeetNumber>183230</netRentableSquareFeetNumber>
			<netRentableSquareFeetSecuritizationNumber>183230</netRentableSquareFeetSecuritizationNumber>
			<yearBuiltNumber>1967</yearBuiltNumber>
			<valuationSecuritizationAmount>7180000.00000000</valuationSecuritizationAmount>
			<valuationSourceSecuritizationCode>MAI</valuationSourceSecuritizationCode>
			<valuationSecuritizationDate>02-04-2025</valuationSecuritizationDate>
			<mostRecentValuationAmount>7180000.00000000</mostRecentValuationAmount>
			<mostRecentValuationDate>02-04-2025</mostRecentValuationDate>
			<mostRecentValuationSourceCode>MAI</mostRecentValuationSourceCode>
			<physicalOccupancySecuritizationPercentage>1.00000000</physicalOccupancySecuritizationPercentage>
			<propertyStatusCode>6</propertyStatusCode>
			<DefeasedStatusCode>X</DefeasedStatusCode>
			<netOperatingIncomeNetCashFlowSecuritizationCode>UW</netOperatingIncomeNetCashFlowSecuritizationCode>
			<netOperatingIncomeNetCashFlowCode>CREFC</netOperatingIncomeNetCashFlowCode>
		</property>
		<assetAddedIndicator>false</assetAddedIndicator>
		<reportPeriodModificationIndicator>false</reportPeriodModificationIndicator>
		<reportPeriodBeginningScheduleLoanBalanceAmount>23850000.00000000</reportPeriodBeginningScheduleLoanBalanceAmount>
		<totalScheduledPrincipalInterestDueAmount>118627.25000000</totalScheduledPrincipalInterestDueAmount>
		<reportPeriodInterestRatePercentage>.06395000</reportPeriodInterestRatePercentage>
		<servicerTrusteeFeeRatePercentage>.00016970</servicerTrusteeFeeRatePercentage>
		<scheduledInterestAmount>118627.25000000</scheduledInterestAmount>
		<scheduledPrincipalAmount>.00000000</scheduledPrincipalAmount>
		<otherPrincipalAdjustmentAmount>.00000000</otherPrincipalAdjustmentAmount>
		<reportPeriodEndActualBalanceAmount>23850000.00000000</reportPeriodEndActualBalanceAmount>
		<reportPeriodEndScheduledLoanBalanceAmount>23850000.00000000</reportPeriodEndScheduledLoanBalanceAmount>
		<paidThroughDate>03-06-2026</paidThroughDate>
		<servicingAdvanceMethodCode>1</servicingAdvanceMethodCode>
		<nonRecoverabilityIndicator>false</nonRecoverabilityIndicator>
		<totalPrincipalInterestAdvancedOutstandingAmount>.00000000</totalPrincipalInterestAdvancedOutstandingAmount>
		<totalTaxesInsuranceAdvancesOutstandingAmount>.00000000</totalTaxesInsuranceAdvancesOutstandingAmount>
		<otherExpensesAdvancedOutstandingAmount>.00000000</otherExpensesAdvancedOutstandingAmount>
		<paymentStatusLoanCode>0</paymentStatusLoanCode>
		<primaryServicerName>Midland</primaryServicerName>
		<assetSubjectDemandIndicator>false</assetSubjectDemandIndicator>
		<prepaymentPremiumYieldMaintenanceReceivedAmount>.00000000</prepaymentPremiumYieldMaintenanceReceivedAmount>
	</assets>
	<assets>
		<assetTypeNumber>Prospectus Loan ID</assetTypeNumber>
		<assetNumber>12</assetNumber>
		<GroupID>1</GroupID>
		<reportingPeriodBeginningDate>02-12-2026</reportingPeriodBeginningDate>
		<reportingPeriodEndDate>03-11-2026</reportingPeriodEndDate>
		<originatorName>UBS AG</originatorName>
		<originationDate>03-05-2025</originationDate>
		<originalLoanAmount>20000000.00000000</originalLoanAmount>
		<originalTermLoanNumber>120</originalTermLoanNumber>
		<maturityDate>03-06-2035</maturityDate>
		<originalAmortizationTermNumber>0</originalAmortizationTermNumber>
		<originalInterestRatePercentage>.07300000</originalInterestRatePercentage>
		<interestRateSecuritizationPercentage>.07300000</interestRateSecuritizationPercentage>
		<interestAccrualMethodCode>3</interestAccrualMethodCode>
		<originalInterestRateTypeCode>1</originalInterestRateTypeCode>
		<originalInterestOnlyTermNumber>120</originalInterestOnlyTermNumber>
		<firstLoanPaymentDueDate>04-06-2025</firstLoanPaymentDueDate>
		<underwritingIndicator>true</underwritingIndicator>
		<lienPositionSecuritizationCode>1</lienPositionSecuritizationCode>
		<loanStructureCode>WL</loanStructureCode>
		<paymentTypeCode>3</paymentTypeCode>
		<periodicPrincipalAndInterestPaymentSecuritizationAmount>121666.67000000</periodicPrincipalAndInterestPaymentSecuritizationAmount>
		<scheduledPrincipalBalanceSecuritizationAmount>20000000.00000000</scheduledPrincipalBalanceSecuritizationAmount>
		<paymentFrequencyCode>1</paymentFrequencyCode>
		<NumberPropertiesSecuritization>2</NumberPropertiesSecuritization>
		<NumberProperties>2</NumberProperties>
		<graceDaysAllowedNumber>0</graceDaysAllowedNumber>
		<interestOnlyIndicator>true</interestOnlyIndicator>
		<balloonIndicator>true</balloonIndicator>
		<prepaymentPremiumIndicator>false</prepaymentPremiumIndicator>
		<negativeAmortizationIndicator>false</negativeAmortizationIndicator>
		<modifiedIndicator>false</modifiedIndicator>
		<prepaymentLockOutEndDate>12-05-2034</prepaymentLockOutEndDate>
		<deferredInterestCumulativeAmount>.00000000</deferredInterestCumulativeAmount>
		<deferredInterestCollectedAmount>.00000000</deferredInterestCollectedAmount>
		<property>
			<propertyName>CorePharma Portfolio</propertyName>
			<propertyAddress>245-249 Wagner Street</propertyAddress>
			<propertyCity>Middlesex</propertyCity>
			<propertyState>NJ</propertyState>
			<propertyZip>8846</propertyZip>
			<propertyCounty>Middlesex</propertyCounty>
			<propertyTypeCode>IN</propertyTypeCode>
			<netRentableSquareFeetNumber>58277</netRentableSquareFeetNumber>
			<netRentableSquareFeetSecuritizationNumber>58277</netRentableSquareFeetSecuritizationNumber>
			<yearBuiltNumber>1982</yearBuiltNumber>
			<yearLastRenovated>2019</yearLastRenovated>
			<valuationSecuritizationAmount>25100000.00000000</valuationSecuritizationAmount>
			<valuationSourceSecuritizationCode>MAI</valuationSourceSecuritizationCode>
			<valuationSecuritizationDate>02-03-2025</valuationSecuritizationDate>
			<mostRecentValuationAmount>25100000.00000000</mostRecentValuationAmount>
			<mostRecentValuationDate>02-03-2025</mostRecentValuationDate>
			<mostRecentValuationSourceCode>MAI</mostRecentValuationSourceCode>
			<physicalOccupancySecuritizationPercentage>1.00000000</physicalOccupancySecuritizationPercentage>
			<propertyStatusCode>6</propertyStatusCode>
			<defeasanceOptionStartDate>08-06-2027</defeasanceOptionStartDate>
			<DefeasedStatusCode>X</DefeasedStatusCode>
			<largestTenant>CorePharma, LLC</largestTenant>
			<squareFeetLargestTenantNumber>58277</squareFeetLargestTenantNumber>
			<leaseExpirationLargestTenantDate>02-28-2038</leaseExpirationLargestTenantDate>
			<revenueSecuritizationAmount>1881295.00000000</revenueSecuritizationAmount>
			<operatingExpensesSecuritizationAmount>377693.00000000</operatingExpensesSecuritizationAmount>
			<netOperatingIncomeSecuritizationAmount>1503602.00000000</netOperatingIncomeSecuritizationAmount>
			<netCashFlowFlowSecuritizationAmount>1437968.00000000</netCashFlowFlowSecuritizationAmount>
			<netOperatingIncomeNetCashFlowSecuritizationCode>UW</netOperatingIncomeNetCashFlowSecuritizationCode>
			<netOperatingIncomeNetCashFlowCode>CREFC</netOperatingIncomeNetCashFlowCode>
			<mostRecentAnnualLeaseRolloverReviewDate>03-05-2025</mostRecentAnnualLeaseRolloverReviewDate>
		</property>
		<property>
			<propertyName>49 Napolean Court</propertyName>
			<propertyAddress>49 Napolean Court</propertyAddress>
			<propertyCity>Somerset</propertyCity>
			<propertyState>NJ</propertyState>
			<propertyZip>8873</propertyZip>
			<propertyCounty>Somerset</propertyCounty>
			<propertyTypeCode>IN</propertyTypeCode>
			<netRentableSquareFeetNumber>33500</netRentableSquareFeetNumber>
			<netRentableSquareFeetSecuritizationNumber>33500</netRentableSquareFeetSecuritizationNumber>
			<yearBuiltNumber>1982</yearBuiltNumber>
			<valuationSecuritizationAmount>10600000.00000000</valuationSecuritizationAmount>
			<valuationSourceSecuritizationCode>MAI</valuationSourceSecuritizationCode>
			<valuationSecuritizationDate>02-03-2025</valuationSecuritizationDate>
			<mostRecentValuationAmount>10600000.00000000</mostRecentValuationAmount>
			<mostRecentValuationDate>02-03-2025</mostRecentValuationDate>
			<mostRecentValuationSourceCode>MAI</mostRecentValuationSourceCode>
			<physicalOccupancySecuritizationPercentage>1.00000000</physicalOccupancySecuritizationPercentage>
			<propertyStatusCode>6</propertyStatusCode>
			<defeasanceOptionStartDate>08-06-2027</defeasanceOptionStartDate>
			<DefeasedStatusCode>X</DefeasedStatusCode>
			<largestTenant>CorePharma, LLC</largestTenant>
			<squareFeetLargestTenantNumber>33500</squareFeetLargestTenantNumber>
			<leaseExpirationLargestTenantDate>02-28-2038</leaseExpirationLargestTenantDate>
			<revenueSecuritizationAmount>819949.00000000</revenueSecuritizationAmount>
			<operatingExpensesSecuritizationAmount>184729.00000000</operatingExpensesSecuritizationAmount>
			<netOperatingIncomeSecuritizationAmount>635220.00000000</netOperatingIncomeSecuritizationAmount>
			<netCashFlowFlowSecuritizationAmount>603489.00000000</netCashFlowFlowSecuritizationAmount>
			<netOperatingIncomeNetCashFlowSecuritizationCode>UW</netOperatingIncomeNetCashFlowSecuritizationCode>
			<netOperatingIncomeNetCashFlowCode>CREFC</netOperatingIncomeNetCashFlowCode>
			<mostRecentAnnualLeaseRolloverReviewDate>03-05-2025</mostRecentAnnualLeaseRolloverReviewDate>
		</property>
		<assetAddedIndicator>false</assetAddedIndicator>
		<reportPeriodModificationIndicator>false</reportPeriodModificationIndicator>
		<reportPeriodBeginningScheduleLoanBalanceAmount>20000000.00000000</reportPeriodBeginningScheduleLoanBalanceAmount>
		<totalScheduledPrincipalInterestDueAmount>113555.56000000</totalScheduledPrincipalInterestDueAmount>
		<reportPeriodInterestRatePercentage>.07300000</reportPeriodInterestRatePercentage>
		<servicerTrusteeFeeRatePercentage>.00016970</servicerTrusteeFeeRatePercentage>
		<scheduledInterestAmount>113555.56000000</scheduledInterestAmount>
		<scheduledPrincipalAmount>.00000000</scheduledPrincipalAmount>
		<otherPrincipalAdjustmentAmount>.00000000</otherPrincipalAdjustmentAmount>
		<reportPeriodEndActualBalanceAmount>20000000.00000000</reportPeriodEndActualBalanceAmount>
		<reportPeriodEndScheduledLoanBalanceAmount>20000000.00000000</reportPeriodEndScheduledLoanBalanceAmount>
		<paidThroughDate>03-06-2026</paidThroughDate>
		<servicingAdvanceMethodCode>1</servicingAdvanceMethodCode>
		<nonRecoverabilityIndicator>false</nonRecoverabilityIndicator>
		<totalPrincipalInterestAdvancedOutstandingAmount>.00000000</totalPrincipalInterestAdvancedOutstandingAmount>
		<totalTaxesInsuranceAdvancesOutstandingAmount>.00000000</totalTaxesInsuranceAdvancesOutstandingAmount>
		<otherExpensesAdvancedOutstandingAmount>.00000000</otherExpensesAdvancedOutstandingAmount>
		<paymentStatusLoanCode>0</paymentStatusLoanCode>
		<primaryServicerName>Midland</primaryServicerName>
		<assetSubjectDemandIndicator>false</assetSubjectDemandIndicator>
		<prepaymentPremiumYieldMaintenanceReceivedAmount>.00000000</prepaymentPremiumYieldMaintenanceReceivedAmount>
	</assets>
	<assets>
		<assetTypeNumber>Prospectus Loan ID</assetTypeNumber>
		<assetNumber>13</assetNumber>
		<GroupID>1</GroupID>
		<reportingPeriodBeginningDate>02-12-2026</reportingPeriodBeginningDate>
		<reportingPeriodEndDate>03-11-2026</reportingPeriodEndDate>
		<originatorName>Starwood Mortgage Capital LLC</originatorName>
		<originationDate>05-22-2025</originationDate>
		<originalLoanAmount>18000000.00000000</originalLoanAmount>
		<originalTermLoanNumber>120</originalTermLoanNumber>
		<maturityDate>06-06-2035</maturityDate>
		<originalAmortizationTermNumber>360</originalAmortizationTermNumber>
		<originalInterestRatePercentage>.06600000</originalInterestRatePercentage>
		<interestRateSecuritizationPercentage>.06600000</interestRateSecuritizationPercentage>
		<interestAccrualMethodCode>3</interestAccrualMethodCode>
		<originalInterestRateTypeCode>1</originalInterestRateTypeCode>
		<originalInterestOnlyTermNumber>60</originalInterestOnlyTermNumber>
		<firstLoanPaymentDueDate>07-06-2025</firstLoanPaymentDueDate>
		<underwritingIndicator>true</underwritingIndicator>
		<lienPositionSecuritizationCode>1</lienPositionSecuritizationCode>
		<loanStructureCode>WL</loanStructureCode>
		<paymentTypeCode>5</paymentTypeCode>
		<periodicPrincipalAndInterestPaymentSecuritizationAmount>99000.00000000</periodicPrincipalAndInterestPaymentSecuritizationAmount>
		<scheduledPrincipalBalanceSecuritizationAmount>18000000.00000000</scheduledPrincipalBalanceSecuritizationAmount>
		<paymentFrequencyCode>1</paymentFrequencyCode>
		<NumberPropertiesSecuritization>1</NumberPropertiesSecuritization>
		<NumberProperties>1</NumberProperties>
		<graceDaysAllowedNumber>0</graceDaysAllowedNumber>
		<interestOnlyIndicator>true</interestOnlyIndicator>
		<balloonIndicator>true</balloonIndicator>
		<prepaymentPremiumIndicator>false</prepaymentPremiumIndicator>
		<negativeAmortizationIndicator>false</negativeAmortizationIndicator>
		<modifiedIndicator>false</modifiedIndicator>
		<prepaymentLockOutEndDate>03-05-2035</prepaymentLockOutEndDate>
		<deferredInterestCumulativeAmount>.00000000</deferredInterestCumulativeAmount>
		<deferredInterestCollectedAmount>.00000000</deferredInterestCollectedAmount>
		<property>
			<propertyName>Menlo Center</propertyName>
			<propertyAddress>1010 El Camino Real</propertyAddress>
			<propertyCity>Menlo Park</propertyCity>
			<propertyState>CA</propertyState>
			<propertyZip>94025</propertyZip>
			<propertyCounty>San Mateo</propertyCounty>
			<propertyTypeCode>MU</propertyTypeCode>
			<netRentableSquareFeetNumber>53807</netRentableSquareFeetNumber>
			<netRentableSquareFeetSecuritizationNumber>53807</netRentableSquareFeetSecuritizationNumber>
			<yearBuiltNumber>1989</yearBuiltNumber>
			<valuationSecuritizationAmount>59900000.00000000</valuationSecuritizationAmount>
			<valuationSourceSecuritizationCode>MAI</valuationSourceSecuritizationCode>
			<valuationSecuritizationDate>03-31-2025</valuationSecuritizationDate>
			<mostRecentValuationAmount>59900000.00000000</mostRecentValuationAmount>
			<mostRecentValuationDate>03-31-2025</mostRecentValuationDate>
			<mostRecentValuationSourceCode>MAI</mostRecentValuationSourceCode>
			<physicalOccupancySecuritizationPercentage>.81000000</physicalOccupancySecuritizationPercentage>
			<mostRecentPhysicalOccupancyPercentage>.80990000</mostRecentPhysicalOccupancyPercentage>
			<propertyStatusCode>6</propertyStatusCode>
			<defeasanceOptionStartDate>08-06-2027</defeasanceOptionStartDate>
			<DefeasedStatusCode>N</DefeasedStatusCode>
			<largestTenant>Analysis Group</largestTenant>
			<squareFeetLargestTenantNumber>16969</squareFeetLargestTenantNumber>
			<leaseExpirationLargestTenantDate>12-31-2028</leaseExpirationLargestTenantDate>
			<secondLargestTenant>Juniper Hill Capital Mgmt LP</secondLargestTenant>
			<squareFeetSecondLargestTenantNumber>6457</squareFeetSecondLargestTenantNumber>
			<leaseExpirationSecondLargestTenantDate>10-31-2027</leaseExpirationSecondLargestTenantDate>
			<thirdLargestTenant>Kepler's 2020 FPC</thirdLargestTenant>
			<squareFeetThirdLargestTenantNumber>6440</squareFeetThirdLargestTenantNumber>
			<leaseExpirationThirdLargestTenantDate>08-31-2027</leaseExpirationThirdLargestTenantDate>
			<financialsSecuritizationDate>03-31-2025</financialsSecuritizationDate>
			<mostRecentFinancialsStartDate>01-01-2025</mostRecentFinancialsStartDate>
			<mostRecentFinancialsEndDate>12-31-2025</mostRecentFinancialsEndDate>
			<revenueSecuritizationAmount>4739484.00000000</revenueSecuritizationAmount>
			<mostRecentRevenueAmount>4688892.53000000</mostRecentRevenueAmount>
			<operatingExpensesSecuritizationAmount>1569649.00000000</operatingExpensesSecuritizationAmount>
			<operatingExpensesAmount>1299878.95000000</operatingExpensesAmount>
			<netOperatingIncomeSecuritizationAmount>3169834.00000000</netOperatingIncomeSecuritizationAmount>
			<mostRecentNetOperatingIncomeAmount>3389013.58000000</mostRecentNetOperatingIncomeAmount>
			<netCashFlowFlowSecuritizationAmount>3105266.00000000</netCashFlowFlowSecuritizationAmount>
			<mostRecentNetCashFlowAmount>3324445.58000000</mostRecentNetCashFlowAmount>
			<netOperatingIncomeNetCashFlowSecuritizationCode>UW</netOperatingIncomeNetCashFlowSecuritizationCode>
			<netOperatingIncomeNetCashFlowCode>CREFC</netOperatingIncomeNetCashFlowCode>
			<mostRecentDebtServiceAmount>1204500.00000000</mostRecentDebtServiceAmount>
			<debtServiceCoverageNetOperatingIncomeSecuritizationPercentage>2.30000000</debtServiceCoverageNetOperatingIncomeSecuritizationPercentage>
			<mostRecentDebtServiceCoverageNetOperatingIncomePercentage>2.81360000</mostRecentDebtServiceCoverageNetOperatingIncomePercentage>
			<debtServiceCoverageNetCashFlowSecuritizationPercentage>2.25000000</debtServiceCoverageNetCashFlowSecuritizationPercentage>
			<mostRecentDebtServiceCoverageNetCashFlowpercentage>2.76000000</mostRecentDebtServiceCoverageNetCashFlowpercentage>
			<debtServiceCoverageSecuritizationCode>F</debtServiceCoverageSecuritizationCode>
			<mostRecentDebtServiceCoverageCode>F</mostRecentDebtServiceCoverageCode>
			<mostRecentAnnualLeaseRolloverReviewDate>12-31-2025</mostRecentAnnualLeaseRolloverReviewDate>
		</property>
		<assetAddedIndicator>false</assetAddedIndicator>
		<reportPeriodModificationIndicator>false</reportPeriodModificationIndicator>
		<reportPeriodBeginningScheduleLoanBalanceAmount>18000000.00000000</reportPeriodBeginningScheduleLoanBalanceAmount>
		<totalScheduledPrincipalInterestDueAmount>92400.00000000</totalScheduledPrincipalInterestDueAmount>
		<reportPeriodInterestRatePercentage>.06600000</reportPeriodInterestRatePercentage>
		<servicerTrusteeFeeRatePercentage>.00016970</servicerTrusteeFeeRatePercentage>
		<scheduledInterestAmount>92400.00000000</scheduledInterestAmount>
		<scheduledPrincipalAmount>.00000000</scheduledPrincipalAmount>
		<otherPrincipalAdjustmentAmount>.00000000</otherPrincipalAdjustmentAmount>
		<reportPeriodEndActualBalanceAmount>18000000.00000000</reportPeriodEndActualBalanceAmount>
		<reportPeriodEndScheduledLoanBalanceAmount>18000000.00000000</reportPeriodEndScheduledLoanBalanceAmount>
		<paidThroughDate>03-06-2026</paidThroughDate>
		<servicingAdvanceMethodCode>1</servicingAdvanceMethodCode>
		<nonRecoverabilityIndicator>false</nonRecoverabilityIndicator>
		<totalPrincipalInterestAdvancedOutstandingAmount>.00000000</totalPrincipalInterestAdvancedOutstandingAmount>
		<totalTaxesInsuranceAdvancesOutstandingAmount>.00000000</totalTaxesInsuranceAdvancesOutstandingAmount>
		<otherExpensesAdvancedOutstandingAmount>.00000000</otherExpensesAdvancedOutstandingAmount>
		<paymentStatusLoanCode>0</paymentStatusLoanCode>
		<primaryServicerName>Midland</primaryServicerName>
		<assetSubjectDemandIndicator>false</assetSubjectDemandIndicator>
		<prepaymentPremiumYieldMaintenanceReceivedAmount>.00000000</prepaymentPremiumYieldMaintenanceReceivedAmount>
	</assets>
	<assets>
		<assetTypeNumber>Prospectus Loan ID</assetTypeNumber>
		<assetNumber>14</assetNumber>
		<GroupID>1</GroupID>
		<reportingPeriodBeginningDate>02-12-2026</reportingPeriodBeginningDate>
		<reportingPeriodEndDate>03-11-2026</reportingPeriodEndDate>
		<originatorName>German American Capital Corporation</originatorName>
		<originationDate>05-27-2025</originationDate>
		<originalLoanAmount>16150000.00000000</originalLoanAmount>
		<originalTermLoanNumber>120</originalTermLoanNumber>
		<maturityDate>06-06-2035</maturityDate>
		<originalAmortizationTermNumber>0</originalAmortizationTermNumber>
		<originalInterestRatePercentage>.06141000</originalInterestRatePercentage>
		<interestRateSecuritizationPercentage>.06141000</interestRateSecuritizationPercentage>
		<interestAccrualMethodCode>3</interestAccrualMethodCode>
		<originalInterestRateTypeCode>1</originalInterestRateTypeCode>
		<originalInterestOnlyTermNumber>120</originalInterestOnlyTermNumber>
		<firstLoanPaymentDueDate>07-06-2025</firstLoanPaymentDueDate>
		<underwritingIndicator>true</underwritingIndicator>
		<lienPositionSecuritizationCode>1</lienPositionSecuritizationCode>
		<loanStructureCode>WL</loanStructureCode>
		<paymentTypeCode>3</paymentTypeCode>
		<periodicPrincipalAndInterestPaymentSecuritizationAmount>82647.63000000</periodicPrincipalAndInterestPaymentSecuritizationAmount>
		<scheduledPrincipalBalanceSecuritizationAmount>16150000.00000000</scheduledPrincipalBalanceSecuritizationAmount>
		<paymentFrequencyCode>1</paymentFrequencyCode>
		<NumberPropertiesSecuritization>1</NumberPropertiesSecuritization>
		<NumberProperties>1</NumberProperties>
		<graceDaysAllowedNumber>0</graceDaysAllowedNumber>
		<interestOnlyIndicator>true</interestOnlyIndicator>
		<balloonIndicator>true</balloonIndicator>
		<prepaymentPremiumIndicator>false</prepaymentPremiumIndicator>
		<negativeAmortizationIndicator>false</negativeAmortizationIndicator>
		<modifiedIndicator>false</modifiedIndicator>
		<prepaymentLockOutEndDate>12-05-2034</prepaymentLockOutEndDate>
		<deferredInterestCumulativeAmount>.00000000</deferredInterestCumulativeAmount>
		<deferredInterestCollectedAmount>.00000000</deferredInterestCollectedAmount>
		<property>
			<propertyName>Beltramo Office</propertyName>
			<propertyAddress>1460 El Camino Real</propertyAddress>
			<propertyCity>Menlo Park</propertyCity>
			<propertyState>CA</propertyState>
			<propertyZip>94025</propertyZip>
			<propertyCounty>San Mateo</propertyCounty>
			<propertyTypeCode>OF</propertyTypeCode>
			<netRentableSquareFeetNumber>26927</netRentableSquareFeetNumber>
			<netRentableSquareFeetSecuritizationNumber>26927</netRentableSquareFeetSecuritizationNumber>
			<yearBuiltNumber>2014</yearBuiltNumber>
			<valuationSecuritizationAmount>40300000.00000000</valuationSecuritizationAmount>
			<valuationSourceSecuritizationCode>MAI</valuationSourceSecuritizationCode>
			<valuationSecuritizationDate>04-01-2025</valuationSecuritizationDate>
			<mostRecentValuationAmount>40300000.00000000</mostRecentValuationAmount>
			<mostRecentValuationDate>04-01-2025</mostRecentValuationDate>
			<mostRecentValuationSourceCode>MAI</mostRecentValuationSourceCode>
			<physicalOccupancySecuritizationPercentage>1.00000000</physicalOccupancySecuritizationPercentage>
			<mostRecentPhysicalOccupancyPercentage>1.00000000</mostRecentPhysicalOccupancyPercentage>
			<propertyStatusCode>6</propertyStatusCode>
			<defeasanceOptionStartDate>08-06-2027</defeasanceOptionStartDate>
			<DefeasedStatusCode>N</DefeasedStatusCode>
			<largestTenant>A&amp;O Shearman Stering</largestTenant>
			<squareFeetLargestTenantNumber>13386</squareFeetLargestTenantNumber>
			<leaseExpirationLargestTenantDate>05-31-2029</leaseExpirationLargestTenantDate>
			<secondLargestTenant>USVP Management</secondLargestTenant>
			<squareFeetSecondLargestTenantNumber>9306</squareFeetSecondLargestTenantNumber>
			<leaseExpirationSecondLargestTenantDate>02-28-2031</leaseExpirationSecondLargestTenantDate>
			<thirdLargestTenant>Lawyers Title Company</thirdLargestTenant>
			<squareFeetThirdLargestTenantNumber>4235</squareFeetThirdLargestTenantNumber>
			<leaseExpirationThirdLargestTenantDate>06-30-2027</leaseExpirationThirdLargestTenantDate>
			<financialsSecuritizationDate>02-28-2025</financialsSecuritizationDate>
			<mostRecentFinancialsStartDate>01-01-2025</mostRecentFinancialsStartDate>
			<mostRecentFinancialsEndDate>12-31-2025</mostRecentFinancialsEndDate>
			<revenueSecuritizationAmount>3467673.00000000</revenueSecuritizationAmount>
			<mostRecentRevenueAmount>3588078.28000000</mostRecentRevenueAmount>
			<operatingExpensesSecuritizationAmount>757116.00000000</operatingExpensesSecuritizationAmount>
			<operatingExpensesAmount>771586.91000000</operatingExpensesAmount>
			<netOperatingIncomeSecuritizationAmount>2710557.00000000</netOperatingIncomeSecuritizationAmount>
			<mostRecentNetOperatingIncomeAmount>2816491.37000000</mostRecentNetOperatingIncomeAmount>
			<netCashFlowFlowSecuritizationAmount>2703825.00000000</netCashFlowFlowSecuritizationAmount>
			<mostRecentNetCashFlowAmount>2809759.37000000</mostRecentNetCashFlowAmount>
			<netOperatingIncomeNetCashFlowSecuritizationCode>UW</netOperatingIncomeNetCashFlowSecuritizationCode>
			<netOperatingIncomeNetCashFlowCode>CREFC</netOperatingIncomeNetCashFlowCode>
			<mostRecentDebtServiceAmount>1005546.15000000</mostRecentDebtServiceAmount>
			<debtServiceCoverageNetOperatingIncomeSecuritizationPercentage>2.70000000</debtServiceCoverageNetOperatingIncomeSecuritizationPercentage>
			<mostRecentDebtServiceCoverageNetOperatingIncomePercentage>2.80100000</mostRecentDebtServiceCoverageNetOperatingIncomePercentage>
			<debtServiceCoverageNetCashFlowSecuritizationPercentage>2.69000000</debtServiceCoverageNetCashFlowSecuritizationPercentage>
			<mostRecentDebtServiceCoverageNetCashFlowpercentage>2.79430000</mostRecentDebtServiceCoverageNetCashFlowpercentage>
			<debtServiceCoverageSecuritizationCode>F</debtServiceCoverageSecuritizationCode>
			<mostRecentAnnualLeaseRolloverReviewDate>12-31-2025</mostRecentAnnualLeaseRolloverReviewDate>
		</property>
		<assetAddedIndicator>false</assetAddedIndicator>
		<reportPeriodModificationIndicator>false</reportPeriodModificationIndicator>
		<reportPeriodBeginningScheduleLoanBalanceAmount>16150000.00000000</reportPeriodBeginningScheduleLoanBalanceAmount>
		<totalScheduledPrincipalInterestDueAmount>77137.78000000</totalScheduledPrincipalInterestDueAmount>
		<reportPeriodInterestRatePercentage>.06141000</reportPeriodInterestRatePercentage>
		<servicerTrusteeFeeRatePercentage>.00016970</servicerTrusteeFeeRatePercentage>
		<scheduledInterestAmount>77137.78000000</scheduledInterestAmount>
		<scheduledPrincipalAmount>.00000000</scheduledPrincipalAmount>
		<otherPrincipalAdjustmentAmount>.00000000</otherPrincipalAdjustmentAmount>
		<reportPeriodEndActualBalanceAmount>16150000.00000000</reportPeriodEndActualBalanceAmount>
		<reportPeriodEndScheduledLoanBalanceAmount>16150000.00000000</reportPeriodEndScheduledLoanBalanceAmount>
		<paidThroughDate>03-06-2026</paidThroughDate>
		<servicingAdvanceMethodCode>1</servicingAdvanceMethodCode>
		<nonRecoverabilityIndicator>false</nonRecoverabilityIndicator>
		<totalPrincipalInterestAdvancedOutstandingAmount>.00000000</totalPrincipalInterestAdvancedOutstandingAmount>
		<totalTaxesInsuranceAdvancesOutstandingAmount>.00000000</totalTaxesInsuranceAdvancesOutstandingAmount>
		<otherExpensesAdvancedOutstandingAmount>.00000000</otherExpensesAdvancedOutstandingAmount>
		<paymentStatusLoanCode>0</paymentStatusLoanCode>
		<primaryServicerName>Midland</primaryServicerName>
		<assetSubjectDemandIndicator>false</assetSubjectDemandIndicator>
		<prepaymentPremiumYieldMaintenanceReceivedAmount>.00000000</prepaymentPremiumYieldMaintenanceReceivedAmount>
	</assets>
	<assets>
		<assetTypeNumber>Prospectus Loan ID</assetTypeNumber>
		<assetNumber>15</assetNumber>
		<GroupID>1</GroupID>
		<reportingPeriodBeginningDate>02-12-2026</reportingPeriodBeginningDate>
		<reportingPeriodEndDate>03-11-2026</reportingPeriodEndDate>
		<originatorName>Barclays Capital Real Estate Inc.</originatorName>
		<originationDate>06-05-2025</originationDate>
		<originalLoanAmount>16000000.00000000</originalLoanAmount>
		<originalTermLoanNumber>120</originalTermLoanNumber>
		<maturityDate>06-06-2035</maturityDate>
		<originalAmortizationTermNumber>0</originalAmortizationTermNumber>
		<originalInterestRatePercentage>.07095000</originalInterestRatePercentage>
		<interestRateSecuritizationPercentage>.07095000</interestRateSecuritizationPercentage>
		<interestAccrualMethodCode>3</interestAccrualMethodCode>
		<originalInterestRateTypeCode>1</originalInterestRateTypeCode>
		<originalInterestOnlyTermNumber>120</originalInterestOnlyTermNumber>
		<firstLoanPaymentDueDate>07-06-2025</firstLoanPaymentDueDate>
		<underwritingIndicator>true</underwritingIndicator>
		<lienPositionSecuritizationCode>1</lienPositionSecuritizationCode>
		<loanStructureCode>WL</loanStructureCode>
		<paymentTypeCode>3</paymentTypeCode>
		<periodicPrincipalAndInterestPaymentSecuritizationAmount>94600.00000000</periodicPrincipalAndInterestPaymentSecuritizationAmount>
		<scheduledPrincipalBalanceSecuritizationAmount>16000000.00000000</scheduledPrincipalBalanceSecuritizationAmount>
		<paymentFrequencyCode>1</paymentFrequencyCode>
		<NumberPropertiesSecuritization>2</NumberPropertiesSecuritization>
		<NumberProperties>2</NumberProperties>
		<graceDaysAllowedNumber>0</graceDaysAllowedNumber>
		<interestOnlyIndicator>true</interestOnlyIndicator>
		<balloonIndicator>true</balloonIndicator>
		<prepaymentPremiumIndicator>false</prepaymentPremiumIndicator>
		<negativeAmortizationIndicator>false</negativeAmortizationIndicator>
		<modifiedIndicator>false</modifiedIndicator>
		<prepaymentLockOutEndDate>03-05-2035</prepaymentLockOutEndDate>
		<deferredInterestCumulativeAmount>.00000000</deferredInterestCumulativeAmount>
		<deferredInterestCollectedAmount>.00000000</deferredInterestCollectedAmount>
		<property>
			<propertyName>Natson Hotel Portfolio</propertyName>
			<propertyAddress>520  Holiday Circle</propertyAddress>
			<propertyCity>Forsyth</propertyCity>
			<propertyState>GA</propertyState>
			<propertyZip>31029</propertyZip>
			<propertyCounty>Monroe</propertyCounty>
			<propertyTypeCode>LO</propertyTypeCode>
			<unitsBedsRoomsNumber>119</unitsBedsRoomsNumber>
			<unitsBedsRoomsSecuritizationNumber>119</unitsBedsRoomsSecuritizationNumber>
			<yearBuiltNumber>1986</yearBuiltNumber>
			<yearLastRenovated>2015</yearLastRenovated>
			<valuationSecuritizationAmount>20900000.00000000</valuationSecuritizationAmount>
			<valuationSourceSecuritizationCode>MAI</valuationSourceSecuritizationCode>
			<valuationSecuritizationDate>03-31-2025</valuationSecuritizationDate>
			<mostRecentValuationAmount>20900000.00000000</mostRecentValuationAmount>
			<mostRecentValuationDate>03-31-2025</mostRecentValuationDate>
			<mostRecentValuationSourceCode>MAI</mostRecentValuationSourceCode>
			<physicalOccupancySecuritizationPercentage>.71800000</physicalOccupancySecuritizationPercentage>
			<mostRecentPhysicalOccupancyPercentage>.73950000</mostRecentPhysicalOccupancyPercentage>
			<propertyStatusCode>6</propertyStatusCode>
			<defeasanceOptionStartDate>08-06-2027</defeasanceOptionStartDate>
			<DefeasedStatusCode>N</DefeasedStatusCode>
			<financialsSecuritizationDate>03-31-2025</financialsSecuritizationDate>
			<mostRecentFinancialsStartDate>01-01-2025</mostRecentFinancialsStartDate>
			<mostRecentFinancialsEndDate>12-31-2025</mostRecentFinancialsEndDate>
			<revenueSecuritizationAmount>3484387.00000000</revenueSecuritizationAmount>
			<mostRecentRevenueAmount>5918790.34000000</mostRecentRevenueAmount>
			<operatingExpensesSecuritizationAmount>1869470.00000000</operatingExpensesSecuritizationAmount>
			<operatingExpensesAmount>3707550.50000000</operatingExpensesAmount>
			<netOperatingIncomeSecuritizationAmount>1614917.00000000</netOperatingIncomeSecuritizationAmount>
			<mostRecentNetOperatingIncomeAmount>2211239.84000000</mostRecentNetOperatingIncomeAmount>
			<netCashFlowFlowSecuritizationAmount>1475541.00000000</netCashFlowFlowSecuritizationAmount>
			<mostRecentNetCashFlowAmount>1974489.06000000</mostRecentNetCashFlowAmount>
			<netOperatingIncomeNetCashFlowSecuritizationCode>UW</netOperatingIncomeNetCashFlowSecuritizationCode>
			<netOperatingIncomeNetCashFlowCode>CREFC</netOperatingIncomeNetCashFlowCode>
			<mostRecentDebtServiceAmount>1150966.63000000</mostRecentDebtServiceAmount>
			<mostRecentDebtServiceCoverageNetOperatingIncomePercentage>1.92120000</mostRecentDebtServiceCoverageNetOperatingIncomePercentage>
			<mostRecentDebtServiceCoverageNetCashFlowpercentage>1.71550000</mostRecentDebtServiceCoverageNetCashFlowpercentage>
			<mostRecentDebtServiceCoverageCode>C</mostRecentDebtServiceCoverageCode>
		</property>
		<property>
			<propertyName>1000 Linnenkohl Drive</propertyName>
			<propertyAddress>1000 Linnenkohl Drive</propertyAddress>
			<propertyCity>Douglasville</propertyCity>
			<propertyState>GA</propertyState>
			<propertyZip>30134</propertyZip>
			<propertyCounty>Douglas</propertyCounty>
			<propertyTypeCode>LO</propertyTypeCode>
			<unitsBedsRoomsNumber>90</unitsBedsRoomsNumber>
			<unitsBedsRoomsSecuritizationNumber>90</unitsBedsRoomsSecuritizationNumber>
			<yearBuiltNumber>2005</yearBuiltNumber>
			<yearLastRenovated>2022</yearLastRenovated>
			<valuationSecuritizationAmount>9200000.00000000</valuationSecuritizationAmount>
			<valuationSourceSecuritizationCode>MAI</valuationSourceSecuritizationCode>
			<valuationSecuritizationDate>03-31-2025</valuationSecuritizationDate>
			<mostRecentValuationAmount>9200000.00000000</mostRecentValuationAmount>
			<mostRecentValuationDate>03-31-2025</mostRecentValuationDate>
			<mostRecentValuationSourceCode>MAI</mostRecentValuationSourceCode>
			<physicalOccupancySecuritizationPercentage>.75100000</physicalOccupancySecuritizationPercentage>
			<propertyStatusCode>6</propertyStatusCode>
			<defeasanceOptionStartDate>08-06-2027</defeasanceOptionStartDate>
			<DefeasedStatusCode>N</DefeasedStatusCode>
			<financialsSecuritizationDate>03-31-2025</financialsSecuritizationDate>
			<revenueSecuritizationAmount>2370548.00000000</revenueSecuritizationAmount>
			<operatingExpensesSecuritizationAmount>1572793.00000000</operatingExpensesSecuritizationAmount>
			<netOperatingIncomeSecuritizationAmount>797755.00000000</netOperatingIncomeSecuritizationAmount>
			<netCashFlowFlowSecuritizationAmount>702933.00000000</netCashFlowFlowSecuritizationAmount>
			<netOperatingIncomeNetCashFlowSecuritizationCode>UW</netOperatingIncomeNetCashFlowSecuritizationCode>
			<netOperatingIncomeNetCashFlowCode>CREFC</netOperatingIncomeNetCashFlowCode>
			<mostRecentDebtServiceCoverageCode>C</mostRecentDebtServiceCoverageCode>
		</property>
		<assetAddedIndicator>false</assetAddedIndicator>
		<reportPeriodModificationIndicator>false</reportPeriodModificationIndicator>
		<reportPeriodBeginningScheduleLoanBalanceAmount>16000000.00000000</reportPeriodBeginningScheduleLoanBalanceAmount>
		<totalScheduledPrincipalInterestDueAmount>88293.33000000</totalScheduledPrincipalInterestDueAmount>
		<reportPeriodInterestRatePercentage>.07095000</reportPeriodInterestRatePercentage>
		<servicerTrusteeFeeRatePercentage>.00016970</servicerTrusteeFeeRatePercentage>
		<scheduledInterestAmount>88293.33000000</scheduledInterestAmount>
		<scheduledPrincipalAmount>.00000000</scheduledPrincipalAmount>
		<otherPrincipalAdjustmentAmount>.00000000</otherPrincipalAdjustmentAmount>
		<reportPeriodEndActualBalanceAmount>16000000.00000000</reportPeriodEndActualBalanceAmount>
		<reportPeriodEndScheduledLoanBalanceAmount>16000000.00000000</reportPeriodEndScheduledLoanBalanceAmount>
		<paidThroughDate>03-06-2026</paidThroughDate>
		<servicingAdvanceMethodCode>1</servicingAdvanceMethodCode>
		<nonRecoverabilityIndicator>false</nonRecoverabilityIndicator>
		<totalPrincipalInterestAdvancedOutstandingAmount>.00000000</totalPrincipalInterestAdvancedOutstandingAmount>
		<totalTaxesInsuranceAdvancesOutstandingAmount>.00000000</totalTaxesInsuranceAdvancesOutstandingAmount>
		<otherExpensesAdvancedOutstandingAmount>.00000000</otherExpensesAdvancedOutstandingAmount>
		<paymentStatusLoanCode>0</paymentStatusLoanCode>
		<primaryServicerName>Midland</primaryServicerName>
		<assetSubjectDemandIndicator>false</assetSubjectDemandIndicator>
		<prepaymentPremiumYieldMaintenanceReceivedAmount>.00000000</prepaymentPremiumYieldMaintenanceReceivedAmount>
	</assets>
	<assets>
		<assetTypeNumber>Prospectus Loan ID</assetTypeNumber>
		<assetNumber>16</assetNumber>
		<GroupID>1</GroupID>
		<reportingPeriodBeginningDate>02-12-2026</reportingPeriodBeginningDate>
		<reportingPeriodEndDate>03-11-2026</reportingPeriodEndDate>
		<originatorName>Starwood Mortgage Capital LLC</originatorName>
		<originationDate>06-18-2025</originationDate>
		<originalLoanAmount>14000000.00000000</originalLoanAmount>
		<originalTermLoanNumber>120</originalTermLoanNumber>
		<maturityDate>07-06-2035</maturityDate>
		<originalAmortizationTermNumber>360</originalAmortizationTermNumber>
		<originalInterestRatePercentage>.07020000</originalInterestRatePercentage>
		<interestRateSecuritizationPercentage>.07020000</interestRateSecuritizationPercentage>
		<interestAccrualMethodCode>3</interestAccrualMethodCode>
		<originalInterestRateTypeCode>1</originalInterestRateTypeCode>
		<originalInterestOnlyTermNumber>36</originalInterestOnlyTermNumber>
		<firstLoanPaymentDueDate>08-06-2025</firstLoanPaymentDueDate>
		<underwritingIndicator>true</underwritingIndicator>
		<lienPositionSecuritizationCode>1</lienPositionSecuritizationCode>
		<loanStructureCode>WL</loanStructureCode>
		<paymentTypeCode>5</paymentTypeCode>
		<periodicPrincipalAndInterestPaymentSecuritizationAmount>.00000000</periodicPrincipalAndInterestPaymentSecuritizationAmount>
		<scheduledPrincipalBalanceSecuritizationAmount>14000000.00000000</scheduledPrincipalBalanceSecuritizationAmount>
		<paymentFrequencyCode>1</paymentFrequencyCode>
		<NumberPropertiesSecuritization>1</NumberPropertiesSecuritization>
		<NumberProperties>1</NumberProperties>
		<graceDaysAllowedNumber>0</graceDaysAllowedNumber>
		<interestOnlyIndicator>true</interestOnlyIndicator>
		<balloonIndicator>true</balloonIndicator>
		<prepaymentPremiumIndicator>false</prepaymentPremiumIndicator>
		<negativeAmortizationIndicator>false</negativeAmortizationIndicator>
		<modifiedIndicator>false</modifiedIndicator>
		<prepaymentLockOutEndDate>04-05-2035</prepaymentLockOutEndDate>
		<deferredInterestCumulativeAmount>.00000000</deferredInterestCumulativeAmount>
		<deferredInterestCollectedAmount>.00000000</deferredInterestCollectedAmount>
		<property>
			<propertyName>Crown Valley Center</propertyName>
			<propertyAddress>27680, 27640 &amp; 27660 Marguerite Parkway</propertyAddress>
			<propertyCity>Mission Viejo</propertyCity>
			<propertyState>CA</propertyState>
			<propertyZip>92692</propertyZip>
			<propertyCounty>Orange</propertyCounty>
			<propertyTypeCode>RT</propertyTypeCode>
			<netRentableSquareFeetNumber>42367</netRentableSquareFeetNumber>
			<netRentableSquareFeetSecuritizationNumber>42367</netRentableSquareFeetSecuritizationNumber>
			<yearBuiltNumber>1992</yearBuiltNumber>
			<valuationSecuritizationAmount>27900000.00000000</valuationSecuritizationAmount>
			<valuationSourceSecuritizationCode>MAI</valuationSourceSecuritizationCode>
			<valuationSecuritizationDate>04-05-2025</valuationSecuritizationDate>
			<mostRecentValuationAmount>27900000.00000000</mostRecentValuationAmount>
			<mostRecentValuationDate>04-05-2025</mostRecentValuationDate>
			<mostRecentValuationSourceCode>MAI</mostRecentValuationSourceCode>
			<physicalOccupancySecuritizationPercentage>.90100000</physicalOccupancySecuritizationPercentage>
			<propertyStatusCode>6</propertyStatusCode>
			<defeasanceOptionStartDate>08-06-2027</defeasanceOptionStartDate>
			<DefeasedStatusCode>N</DefeasedStatusCode>
			<largestTenant>DaVita</largestTenant>
			<squareFeetLargestTenantNumber>10000</squareFeetLargestTenantNumber>
			<leaseExpirationLargestTenantDate>08-02-2028</leaseExpirationLargestTenantDate>
			<secondLargestTenant>Palm Beach Tan</secondLargestTenant>
			<squareFeetSecondLargestTenantNumber>3500</squareFeetSecondLargestTenantNumber>
			<leaseExpirationSecondLargestTenantDate>07-31-2029</leaseExpirationSecondLargestTenantDate>
			<thirdLargestTenant>Pho the Bowl</thirdLargestTenant>
			<squareFeetThirdLargestTenantNumber>3300</squareFeetThirdLargestTenantNumber>
			<leaseExpirationThirdLargestTenantDate>08-31-2030</leaseExpirationThirdLargestTenantDate>
			<financialsSecuritizationDate>04-30-2025</financialsSecuritizationDate>
			<revenueSecuritizationAmount>2347636.00000000</revenueSecuritizationAmount>
			<operatingExpensesSecuritizationAmount>699626.00000000</operatingExpensesSecuritizationAmount>
			<netOperatingIncomeSecuritizationAmount>1648010.00000000</netOperatingIncomeSecuritizationAmount>
			<netCashFlowFlowSecuritizationAmount>1618017.00000000</netCashFlowFlowSecuritizationAmount>
			<netOperatingIncomeNetCashFlowSecuritizationCode>UW</netOperatingIncomeNetCashFlowSecuritizationCode>
			<netOperatingIncomeNetCashFlowCode>CREFC</netOperatingIncomeNetCashFlowCode>
			<debtServiceCoverageNetOperatingIncomeSecuritizationPercentage>1.47000000</debtServiceCoverageNetOperatingIncomeSecuritizationPercentage>
			<debtServiceCoverageNetCashFlowSecuritizationPercentage>1.44000000</debtServiceCoverageNetCashFlowSecuritizationPercentage>
			<debtServiceCoverageSecuritizationCode>F</debtServiceCoverageSecuritizationCode>
			<mostRecentDebtServiceCoverageCode>F</mostRecentDebtServiceCoverageCode>
			<mostRecentAnnualLeaseRolloverReviewDate>06-12-2025</mostRecentAnnualLeaseRolloverReviewDate>
		</property>
		<assetAddedIndicator>false</assetAddedIndicator>
		<reportPeriodModificationIndicator>false</reportPeriodModificationIndicator>
		<reportPeriodBeginningScheduleLoanBalanceAmount>14000000.00000000</reportPeriodBeginningScheduleLoanBalanceAmount>
		<totalScheduledPrincipalInterestDueAmount>76440.00000000</totalScheduledPrincipalInterestDueAmount>
		<reportPeriodInterestRatePercentage>.07020000</reportPeriodInterestRatePercentage>
		<servicerTrusteeFeeRatePercentage>.00016970</servicerTrusteeFeeRatePercentage>
		<scheduledInterestAmount>76440.00000000</scheduledInterestAmount>
		<scheduledPrincipalAmount>.00000000</scheduledPrincipalAmount>
		<otherPrincipalAdjustmentAmount>.00000000</otherPrincipalAdjustmentAmount>
		<reportPeriodEndActualBalanceAmount>14000000.00000000</reportPeriodEndActualBalanceAmount>
		<reportPeriodEndScheduledLoanBalanceAmount>14000000.00000000</reportPeriodEndScheduledLoanBalanceAmount>
		<paidThroughDate>03-06-2026</paidThroughDate>
		<servicingAdvanceMethodCode>1</servicingAdvanceMethodCode>
		<nonRecoverabilityIndicator>false</nonRecoverabilityIndicator>
		<totalPrincipalInterestAdvancedOutstandingAmount>.00000000</totalPrincipalInterestAdvancedOutstandingAmount>
		<totalTaxesInsuranceAdvancesOutstandingAmount>.00000000</totalTaxesInsuranceAdvancesOutstandingAmount>
		<otherExpensesAdvancedOutstandingAmount>.00000000</otherExpensesAdvancedOutstandingAmount>
		<paymentStatusLoanCode>0</paymentStatusLoanCode>
		<primaryServicerName>Midland</primaryServicerName>
		<assetSubjectDemandIndicator>false</assetSubjectDemandIndicator>
		<prepaymentPremiumYieldMaintenanceReceivedAmount>.00000000</prepaymentPremiumYieldMaintenanceReceivedAmount>
	</assets>
	<assets>
		<assetTypeNumber>Prospectus Loan ID</assetTypeNumber>
		<assetNumber>17</assetNumber>
		<GroupID>1</GroupID>
		<reportingPeriodBeginningDate>02-12-2026</reportingPeriodBeginningDate>
		<reportingPeriodEndDate>03-11-2026</reportingPeriodEndDate>
		<originatorName>Societe Generale Financial Corporation</originatorName>
		<originationDate>01-21-2025</originationDate>
		<originalLoanAmount>13950000.00000000</originalLoanAmount>
		<originalTermLoanNumber>120</originalTermLoanNumber>
		<maturityDate>02-01-2035</maturityDate>
		<originalAmortizationTermNumber>272</originalAmortizationTermNumber>
		<originalInterestRatePercentage>.06941000</originalInterestRatePercentage>
		<interestRateSecuritizationPercentage>.06941000</interestRateSecuritizationPercentage>
		<interestAccrualMethodCode>3</interestAccrualMethodCode>
		<originalInterestRateTypeCode>1</originalInterestRateTypeCode>
		<originalInterestOnlyTermNumber>53</originalInterestOnlyTermNumber>
		<firstLoanPaymentDueDate>03-01-2025</firstLoanPaymentDueDate>
		<underwritingIndicator>true</underwritingIndicator>
		<lienPositionSecuritizationCode>1</lienPositionSecuritizationCode>
		<loanStructureCode>PP</loanStructureCode>
		<paymentTypeCode>98</paymentTypeCode>
		<periodicPrincipalAndInterestPaymentSecuritizationAmount>80689.13000000</periodicPrincipalAndInterestPaymentSecuritizationAmount>
		<scheduledPrincipalBalanceSecuritizationAmount>13950000.00000000</scheduledPrincipalBalanceSecuritizationAmount>
		<paymentFrequencyCode>1</paymentFrequencyCode>
		<NumberPropertiesSecuritization>1</NumberPropertiesSecuritization>
		<NumberProperties>1</NumberProperties>
		<graceDaysAllowedNumber>5</graceDaysAllowedNumber>
		<interestOnlyIndicator>true</interestOnlyIndicator>
		<balloonIndicator>true</balloonIndicator>
		<prepaymentPremiumIndicator>true</prepaymentPremiumIndicator>
		<negativeAmortizationIndicator>false</negativeAmortizationIndicator>
		<modifiedIndicator>false</modifiedIndicator>
		<prepaymentLockOutEndDate>08-31-2027</prepaymentLockOutEndDate>
		<yieldMaintenanceEndDate>07-31-2034</yieldMaintenanceEndDate>
		<prepaymentPremiumsEndDate>07-31-2034</prepaymentPremiumsEndDate>
		<deferredInterestCumulativeAmount>.00000000</deferredInterestCumulativeAmount>
		<deferredInterestCollectedAmount>.00000000</deferredInterestCollectedAmount>
		<property>
			<propertyName>340 Mount Kemble</propertyName>
			<propertyAddress>340 Mount Kemble Avenue</propertyAddress>
			<propertyCity>Morristown</propertyCity>
			<propertyState>NJ</propertyState>
			<propertyZip>7960</propertyZip>
			<propertyCounty>Morris</propertyCounty>
			<propertyTypeCode>OF</propertyTypeCode>
			<netRentableSquareFeetNumber>413261</netRentableSquareFeetNumber>
			<netRentableSquareFeetSecuritizationNumber>413261</netRentableSquareFeetSecuritizationNumber>
			<yearBuiltNumber>1982</yearBuiltNumber>
			<yearLastRenovated>2021</yearLastRenovated>
			<valuationSecuritizationAmount>118100000.00000000</valuationSecuritizationAmount>
			<valuationSourceSecuritizationCode>MAI</valuationSourceSecuritizationCode>
			<valuationSecuritizationDate>10-02-2024</valuationSecuritizationDate>
			<mostRecentValuationAmount>118100000.00000000</mostRecentValuationAmount>
			<mostRecentValuationDate>10-02-2024</mostRecentValuationDate>
			<mostRecentValuationSourceCode>MAI</mostRecentValuationSourceCode>
			<physicalOccupancySecuritizationPercentage>.94500000</physicalOccupancySecuritizationPercentage>
			<mostRecentPhysicalOccupancyPercentage>.88940000</mostRecentPhysicalOccupancyPercentage>
			<propertyStatusCode>6</propertyStatusCode>
			<DefeasedStatusCode>X</DefeasedStatusCode>
			<largestTenant>First- Citizens Bank &amp; Trust Company</largestTenant>
			<squareFeetLargestTenantNumber>220628</squareFeetLargestTenantNumber>
			<leaseExpirationLargestTenantDate>05-31-2036</leaseExpirationLargestTenantDate>
			<secondLargestTenant>Morgan Stanley Smith Barney Financing LLC.</secondLargestTenant>
			<squareFeetSecondLargestTenantNumber>116578</squareFeetSecondLargestTenantNumber>
			<leaseExpirationSecondLargestTenantDate>05-31-2038</leaseExpirationSecondLargestTenantDate>
			<thirdLargestTenant>Zelis Healthcare, LLC</thirdLargestTenant>
			<squareFeetThirdLargestTenantNumber>53295</squareFeetThirdLargestTenantNumber>
			<leaseExpirationThirdLargestTenantDate>05-31-2036</leaseExpirationThirdLargestTenantDate>
			<financialsSecuritizationDate>10-31-2024</financialsSecuritizationDate>
			<mostRecentFinancialsStartDate>02-01-2025</mostRecentFinancialsStartDate>
			<mostRecentFinancialsEndDate>09-30-2025</mostRecentFinancialsEndDate>
			<revenueSecuritizationAmount>15345687.00000000</revenueSecuritizationAmount>
			<mostRecentRevenueAmount>15461239.17000000</mostRecentRevenueAmount>
			<operatingExpensesSecuritizationAmount>4927062.00000000</operatingExpensesSecuritizationAmount>
			<operatingExpensesAmount>5325686.71000000</operatingExpensesAmount>
			<netOperatingIncomeSecuritizationAmount>10418625.00000000</netOperatingIncomeSecuritizationAmount>
			<mostRecentNetOperatingIncomeAmount>10135552.46000000</mostRecentNetOperatingIncomeAmount>
			<netCashFlowFlowSecuritizationAmount>10315310.00000000</netCashFlowFlowSecuritizationAmount>
			<mostRecentNetCashFlowAmount>10032237.46000000</mostRecentNetCashFlowAmount>
			<netOperatingIncomeNetCashFlowSecuritizationCode>UW</netOperatingIncomeNetCashFlowSecuritizationCode>
			<netOperatingIncomeNetCashFlowCode>CREFC</netOperatingIncomeNetCashFlowCode>
			<mostRecentDebtServiceAmount>5133785.26500000</mostRecentDebtServiceAmount>
			<debtServiceCoverageNetOperatingIncomeSecuritizationPercentage>1.63000000</debtServiceCoverageNetOperatingIncomeSecuritizationPercentage>
			<mostRecentDebtServiceCoverageNetOperatingIncomePercentage>1.97430000</mostRecentDebtServiceCoverageNetOperatingIncomePercentage>
			<debtServiceCoverageNetCashFlowSecuritizationPercentage>1.61000000</debtServiceCoverageNetCashFlowSecuritizationPercentage>
			<mostRecentDebtServiceCoverageNetCashFlowpercentage>1.95420000</mostRecentDebtServiceCoverageNetCashFlowpercentage>
			<debtServiceCoverageSecuritizationCode>F</debtServiceCoverageSecuritizationCode>
			<mostRecentAnnualLeaseRolloverReviewDate>10-01-2025</mostRecentAnnualLeaseRolloverReviewDate>
		</property>
		<assetAddedIndicator>false</assetAddedIndicator>
		<reportPeriodModificationIndicator>false</reportPeriodModificationIndicator>
		<reportPeriodBeginningScheduleLoanBalanceAmount>13950000.00000000</reportPeriodBeginningScheduleLoanBalanceAmount>
		<totalScheduledPrincipalInterestDueAmount>75309.85000000</totalScheduledPrincipalInterestDueAmount>
		<reportPeriodInterestRatePercentage>.06941000</reportPeriodInterestRatePercentage>
		<servicerTrusteeFeeRatePercentage>.00016970</servicerTrusteeFeeRatePercentage>
		<scheduledInterestAmount>75309.85000000</scheduledInterestAmount>
		<scheduledPrincipalAmount>.00000000</scheduledPrincipalAmount>
		<otherPrincipalAdjustmentAmount>.00000000</otherPrincipalAdjustmentAmount>
		<reportPeriodEndActualBalanceAmount>13950000.00000000</reportPeriodEndActualBalanceAmount>
		<reportPeriodEndScheduledLoanBalanceAmount>13950000.00000000</reportPeriodEndScheduledLoanBalanceAmount>
		<paidThroughDate>03-01-2026</paidThroughDate>
		<servicingAdvanceMethodCode>1</servicingAdvanceMethodCode>
		<nonRecoverabilityIndicator>false</nonRecoverabilityIndicator>
		<totalPrincipalInterestAdvancedOutstandingAmount>.00000000</totalPrincipalInterestAdvancedOutstandingAmount>
		<totalTaxesInsuranceAdvancesOutstandingAmount>.00000000</totalTaxesInsuranceAdvancesOutstandingAmount>
		<otherExpensesAdvancedOutstandingAmount>.00000000</otherExpensesAdvancedOutstandingAmount>
		<paymentStatusLoanCode>0</paymentStatusLoanCode>
		<primaryServicerName>Midland</primaryServicerName>
		<assetSubjectDemandIndicator>false</assetSubjectDemandIndicator>
		<prepaymentPremiumYieldMaintenanceReceivedAmount>.00000000</prepaymentPremiumYieldMaintenanceReceivedAmount>
	</assets>
	<assets>
		<assetTypeNumber>Prospectus Loan ID</assetTypeNumber>
		<assetNumber>18</assetNumber>
		<GroupID>1</GroupID>
		<reportingPeriodBeginningDate>02-12-2026</reportingPeriodBeginningDate>
		<reportingPeriodEndDate>03-11-2026</reportingPeriodEndDate>
		<originatorName>Starwood Mortgage Capital LLC</originatorName>
		<originationDate>06-24-2025</originationDate>
		<originalLoanAmount>12800000.00000000</originalLoanAmount>
		<originalTermLoanNumber>120</originalTermLoanNumber>
		<maturityDate>07-06-2035</maturityDate>
		<originalAmortizationTermNumber>0</originalAmortizationTermNumber>
		<originalInterestRatePercentage>.04840000</originalInterestRatePercentage>
		<interestRateSecuritizationPercentage>.04840000</interestRateSecuritizationPercentage>
		<interestAccrualMethodCode>3</interestAccrualMethodCode>
		<originalInterestRateTypeCode>1</originalInterestRateTypeCode>
		<originalInterestOnlyTermNumber>120</originalInterestOnlyTermNumber>
		<firstLoanPaymentDueDate>08-06-2025</firstLoanPaymentDueDate>
		<underwritingIndicator>true</underwritingIndicator>
		<lienPositionSecuritizationCode>1</lienPositionSecuritizationCode>
		<loanStructureCode>WL</loanStructureCode>
		<paymentTypeCode>3</paymentTypeCode>
		<periodicPrincipalAndInterestPaymentSecuritizationAmount>.00000000</periodicPrincipalAndInterestPaymentSecuritizationAmount>
		<scheduledPrincipalBalanceSecuritizationAmount>12800000.00000000</scheduledPrincipalBalanceSecuritizationAmount>
		<paymentFrequencyCode>1</paymentFrequencyCode>
		<NumberPropertiesSecuritization>1</NumberPropertiesSecuritization>
		<NumberProperties>1</NumberProperties>
		<graceDaysAllowedNumber>0</graceDaysAllowedNumber>
		<interestOnlyIndicator>true</interestOnlyIndicator>
		<balloonIndicator>true</balloonIndicator>
		<prepaymentPremiumIndicator>false</prepaymentPremiumIndicator>
		<negativeAmortizationIndicator>false</negativeAmortizationIndicator>
		<modifiedIndicator>false</modifiedIndicator>
		<prepaymentLockOutEndDate>03-05-2035</prepaymentLockOutEndDate>
		<deferredInterestCumulativeAmount>.00000000</deferredInterestCumulativeAmount>
		<deferredInterestCollectedAmount>.00000000</deferredInterestCollectedAmount>
		<property>
			<propertyName>University Gardens</propertyName>
			<propertyAddress>1151 East 100 South</propertyAddress>
			<propertyCity>Salt Lake City</propertyCity>
			<propertyState>UT</propertyState>
			<propertyZip>84102</propertyZip>
			<propertyCounty>Salt Lake</propertyCounty>
			<propertyTypeCode>MF</propertyTypeCode>
			<unitsBedsRoomsNumber>193</unitsBedsRoomsNumber>
			<unitsBedsRoomsSecuritizationNumber>193</unitsBedsRoomsSecuritizationNumber>
			<yearBuiltNumber>1947</yearBuiltNumber>
			<yearLastRenovated>2017</yearLastRenovated>
			<valuationSecuritizationAmount>26210000.00000000</valuationSecuritizationAmount>
			<valuationSourceSecuritizationCode>MAI</valuationSourceSecuritizationCode>
			<valuationSecuritizationDate>04-02-2025</valuationSecuritizationDate>
			<mostRecentValuationAmount>26210000.00000000</mostRecentValuationAmount>
			<mostRecentValuationDate>04-02-2025</mostRecentValuationDate>
			<mostRecentValuationSourceCode>MAI</mostRecentValuationSourceCode>
			<physicalOccupancySecuritizationPercentage>.95900000</physicalOccupancySecuritizationPercentage>
			<mostRecentPhysicalOccupancyPercentage>.97894737</mostRecentPhysicalOccupancyPercentage>
			<propertyStatusCode>6</propertyStatusCode>
			<defeasanceOptionStartDate>08-06-2027</defeasanceOptionStartDate>
			<DefeasedStatusCode>N</DefeasedStatusCode>
			<financialsSecuritizationDate>04-30-2025</financialsSecuritizationDate>
			<mostRecentFinancialsStartDate>01-01-2025</mostRecentFinancialsStartDate>
			<mostRecentFinancialsEndDate>12-31-2025</mostRecentFinancialsEndDate>
			<revenueSecuritizationAmount>1998756.00000000</revenueSecuritizationAmount>
			<mostRecentRevenueAmount>2075807.90000000</mostRecentRevenueAmount>
			<operatingExpensesSecuritizationAmount>636728.00000000</operatingExpensesSecuritizationAmount>
			<operatingExpensesAmount>828247.42000000</operatingExpensesAmount>
			<netOperatingIncomeSecuritizationAmount>1362028.00000000</netOperatingIncomeSecuritizationAmount>
			<mostRecentNetOperatingIncomeAmount>1247560.48000000</mostRecentNetOperatingIncomeAmount>
			<netCashFlowFlowSecuritizationAmount>1362028.00000000</netCashFlowFlowSecuritizationAmount>
			<mostRecentNetCashFlowAmount>1247560.48000000</mostRecentNetCashFlowAmount>
			<netOperatingIncomeNetCashFlowSecuritizationCode>UW</netOperatingIncomeNetCashFlowSecuritizationCode>
			<netOperatingIncomeNetCashFlowCode>CREFC</netOperatingIncomeNetCashFlowCode>
			<mostRecentDebtServiceAmount>628124.50000000</mostRecentDebtServiceAmount>
			<debtServiceCoverageNetOperatingIncomeSecuritizationPercentage>2.17000000</debtServiceCoverageNetOperatingIncomeSecuritizationPercentage>
			<mostRecentDebtServiceCoverageNetOperatingIncomePercentage>1.98620000</mostRecentDebtServiceCoverageNetOperatingIncomePercentage>
			<debtServiceCoverageNetCashFlowSecuritizationPercentage>2.17000000</debtServiceCoverageNetCashFlowSecuritizationPercentage>
			<mostRecentDebtServiceCoverageNetCashFlowpercentage>1.98620000</mostRecentDebtServiceCoverageNetCashFlowpercentage>
			<debtServiceCoverageSecuritizationCode>F</debtServiceCoverageSecuritizationCode>
			<mostRecentDebtServiceCoverageCode>F</mostRecentDebtServiceCoverageCode>
		</property>
		<assetAddedIndicator>false</assetAddedIndicator>
		<reportPeriodModificationIndicator>false</reportPeriodModificationIndicator>
		<reportPeriodBeginningScheduleLoanBalanceAmount>12800000.00000000</reportPeriodBeginningScheduleLoanBalanceAmount>
		<totalScheduledPrincipalInterestDueAmount>48184.89000000</totalScheduledPrincipalInterestDueAmount>
		<reportPeriodInterestRatePercentage>.04840000</reportPeriodInterestRatePercentage>
		<servicerTrusteeFeeRatePercentage>.00016970</servicerTrusteeFeeRatePercentage>
		<scheduledInterestAmount>48184.89000000</scheduledInterestAmount>
		<scheduledPrincipalAmount>.00000000</scheduledPrincipalAmount>
		<otherPrincipalAdjustmentAmount>.00000000</otherPrincipalAdjustmentAmount>
		<reportPeriodEndActualBalanceAmount>12800000.00000000</reportPeriodEndActualBalanceAmount>
		<reportPeriodEndScheduledLoanBalanceAmount>12800000.00000000</reportPeriodEndScheduledLoanBalanceAmount>
		<paidThroughDate>03-06-2026</paidThroughDate>
		<servicingAdvanceMethodCode>1</servicingAdvanceMethodCode>
		<nonRecoverabilityIndicator>false</nonRecoverabilityIndicator>
		<totalPrincipalInterestAdvancedOutstandingAmount>.00000000</totalPrincipalInterestAdvancedOutstandingAmount>
		<totalTaxesInsuranceAdvancesOutstandingAmount>.00000000</totalTaxesInsuranceAdvancesOutstandingAmount>
		<otherExpensesAdvancedOutstandingAmount>.00000000</otherExpensesAdvancedOutstandingAmount>
		<paymentStatusLoanCode>0</paymentStatusLoanCode>
		<primaryServicerName>Midland</primaryServicerName>
		<assetSubjectDemandIndicator>false</assetSubjectDemandIndicator>
		<prepaymentPremiumYieldMaintenanceReceivedAmount>.00000000</prepaymentPremiumYieldMaintenanceReceivedAmount>
	</assets>
	<assets>
		<assetTypeNumber>Prospectus Loan ID</assetTypeNumber>
		<assetNumber>19</assetNumber>
		<GroupID>1</GroupID>
		<reportingPeriodBeginningDate>02-12-2026</reportingPeriodBeginningDate>
		<reportingPeriodEndDate>03-11-2026</reportingPeriodEndDate>
		<originatorName>Starwood Mortgage Capital LLC</originatorName>
		<originationDate>06-09-2025</originationDate>
		<originalLoanAmount>12000000.00000000</originalLoanAmount>
		<originalTermLoanNumber>120</originalTermLoanNumber>
		<maturityDate>07-06-2035</maturityDate>
		<originalAmortizationTermNumber>0</originalAmortizationTermNumber>
		<originalInterestRatePercentage>.07125000</originalInterestRatePercentage>
		<interestRateSecuritizationPercentage>.07125000</interestRateSecuritizationPercentage>
		<interestAccrualMethodCode>3</interestAccrualMethodCode>
		<originalInterestRateTypeCode>1</originalInterestRateTypeCode>
		<originalInterestOnlyTermNumber>120</originalInterestOnlyTermNumber>
		<firstLoanPaymentDueDate>08-06-2025</firstLoanPaymentDueDate>
		<underwritingIndicator>true</underwritingIndicator>
		<lienPositionSecuritizationCode>1</lienPositionSecuritizationCode>
		<loanStructureCode>WL</loanStructureCode>
		<paymentTypeCode>3</paymentTypeCode>
		<periodicPrincipalAndInterestPaymentSecuritizationAmount>.00000000</periodicPrincipalAndInterestPaymentSecuritizationAmount>
		<scheduledPrincipalBalanceSecuritizationAmount>12000000.00000000</scheduledPrincipalBalanceSecuritizationAmount>
		<paymentFrequencyCode>1</paymentFrequencyCode>
		<NumberPropertiesSecuritization>1</NumberPropertiesSecuritization>
		<NumberProperties>1</NumberProperties>
		<graceDaysAllowedNumber>0</graceDaysAllowedNumber>
		<interestOnlyIndicator>true</interestOnlyIndicator>
		<balloonIndicator>true</balloonIndicator>
		<prepaymentPremiumIndicator>false</prepaymentPremiumIndicator>
		<negativeAmortizationIndicator>false</negativeAmortizationIndicator>
		<modifiedIndicator>false</modifiedIndicator>
		<prepaymentLockOutEndDate>04-05-2035</prepaymentLockOutEndDate>
		<deferredInterestCumulativeAmount>.00000000</deferredInterestCumulativeAmount>
		<deferredInterestCollectedAmount>.00000000</deferredInterestCollectedAmount>
		<property>
			<propertyName>Monticello Meadows Apartments</propertyName>
			<propertyAddress>81-91 Shaker Heights Drive</propertyAddress>
			<propertyCity>Monticello</propertyCity>
			<propertyState>NY</propertyState>
			<propertyZip>12701</propertyZip>
			<propertyCounty>Sullivan</propertyCounty>
			<propertyTypeCode>MF</propertyTypeCode>
			<unitsBedsRoomsNumber>176</unitsBedsRoomsNumber>
			<unitsBedsRoomsSecuritizationNumber>176</unitsBedsRoomsSecuritizationNumber>
			<yearBuiltNumber>1970</yearBuiltNumber>
			<valuationSecuritizationAmount>19300000.00000000</valuationSecuritizationAmount>
			<valuationSourceSecuritizationCode>MAI</valuationSourceSecuritizationCode>
			<valuationSecuritizationDate>04-28-2025</valuationSecuritizationDate>
			<mostRecentValuationAmount>19300000.00000000</mostRecentValuationAmount>
			<mostRecentValuationDate>04-28-2025</mostRecentValuationDate>
			<mostRecentValuationSourceCode>MAI</mostRecentValuationSourceCode>
			<physicalOccupancySecuritizationPercentage>.98300000</physicalOccupancySecuritizationPercentage>
			<propertyStatusCode>6</propertyStatusCode>
			<defeasanceOptionStartDate>08-06-2027</defeasanceOptionStartDate>
			<DefeasedStatusCode>N</DefeasedStatusCode>
			<financialsSecuritizationDate>03-31-2025</financialsSecuritizationDate>
			<revenueSecuritizationAmount>2563167.00000000</revenueSecuritizationAmount>
			<operatingExpensesSecuritizationAmount>1028000.00000000</operatingExpensesSecuritizationAmount>
			<netOperatingIncomeSecuritizationAmount>1535167.00000000</netOperatingIncomeSecuritizationAmount>
			<netCashFlowFlowSecuritizationAmount>1491167.00000000</netCashFlowFlowSecuritizationAmount>
			<netOperatingIncomeNetCashFlowSecuritizationCode>UW</netOperatingIncomeNetCashFlowSecuritizationCode>
			<netOperatingIncomeNetCashFlowCode>CREFC</netOperatingIncomeNetCashFlowCode>
			<debtServiceCoverageNetOperatingIncomeSecuritizationPercentage>1.77000000</debtServiceCoverageNetOperatingIncomeSecuritizationPercentage>
			<debtServiceCoverageNetCashFlowSecuritizationPercentage>1.72000000</debtServiceCoverageNetCashFlowSecuritizationPercentage>
			<debtServiceCoverageSecuritizationCode>F</debtServiceCoverageSecuritizationCode>
			<mostRecentDebtServiceCoverageCode>F</mostRecentDebtServiceCoverageCode>
		</property>
		<assetAddedIndicator>false</assetAddedIndicator>
		<reportPeriodModificationIndicator>false</reportPeriodModificationIndicator>
		<reportPeriodBeginningScheduleLoanBalanceAmount>12000000.00000000</reportPeriodBeginningScheduleLoanBalanceAmount>
		<totalScheduledPrincipalInterestDueAmount>66500.00000000</totalScheduledPrincipalInterestDueAmount>
		<reportPeriodInterestRatePercentage>.07125000</reportPeriodInterestRatePercentage>
		<servicerTrusteeFeeRatePercentage>.00016970</servicerTrusteeFeeRatePercentage>
		<scheduledInterestAmount>66500.00000000</scheduledInterestAmount>
		<scheduledPrincipalAmount>.00000000</scheduledPrincipalAmount>
		<otherPrincipalAdjustmentAmount>.00000000</otherPrincipalAdjustmentAmount>
		<reportPeriodEndActualBalanceAmount>12000000.00000000</reportPeriodEndActualBalanceAmount>
		<reportPeriodEndScheduledLoanBalanceAmount>12000000.00000000</reportPeriodEndScheduledLoanBalanceAmount>
		<paidThroughDate>03-06-2026</paidThroughDate>
		<servicingAdvanceMethodCode>1</servicingAdvanceMethodCode>
		<nonRecoverabilityIndicator>false</nonRecoverabilityIndicator>
		<totalPrincipalInterestAdvancedOutstandingAmount>.00000000</totalPrincipalInterestAdvancedOutstandingAmount>
		<totalTaxesInsuranceAdvancesOutstandingAmount>.00000000</totalTaxesInsuranceAdvancesOutstandingAmount>
		<otherExpensesAdvancedOutstandingAmount>.00000000</otherExpensesAdvancedOutstandingAmount>
		<paymentStatusLoanCode>0</paymentStatusLoanCode>
		<primaryServicerName>Midland</primaryServicerName>
		<assetSubjectDemandIndicator>false</assetSubjectDemandIndicator>
		<prepaymentPremiumYieldMaintenanceReceivedAmount>.00000000</prepaymentPremiumYieldMaintenanceReceivedAmount>
	</assets>
	<assets>
		<assetTypeNumber>Prospectus Loan ID</assetTypeNumber>
		<assetNumber>20</assetNumber>
		<GroupID>1</GroupID>
		<reportingPeriodBeginningDate>02-12-2026</reportingPeriodBeginningDate>
		<reportingPeriodEndDate>03-11-2026</reportingPeriodEndDate>
		<originatorName>DBR Investments Co. Limited</originatorName>
		<originationDate>05-22-2025</originationDate>
		<originalLoanAmount>11700000.00000000</originalLoanAmount>
		<originalTermLoanNumber>120</originalTermLoanNumber>
		<maturityDate>06-06-2035</maturityDate>
		<originalAmortizationTermNumber>0</originalAmortizationTermNumber>
		<originalInterestRatePercentage>.06563000</originalInterestRatePercentage>
		<interestRateSecuritizationPercentage>.06563000</interestRateSecuritizationPercentage>
		<interestAccrualMethodCode>3</interestAccrualMethodCode>
		<originalInterestRateTypeCode>1</originalInterestRateTypeCode>
		<originalInterestOnlyTermNumber>120</originalInterestOnlyTermNumber>
		<firstLoanPaymentDueDate>07-06-2025</firstLoanPaymentDueDate>
		<underwritingIndicator>true</underwritingIndicator>
		<lienPositionSecuritizationCode>1</lienPositionSecuritizationCode>
		<loanStructureCode>WL</loanStructureCode>
		<paymentTypeCode>3</paymentTypeCode>
		<periodicPrincipalAndInterestPaymentSecuritizationAmount>63989.25000000</periodicPrincipalAndInterestPaymentSecuritizationAmount>
		<scheduledPrincipalBalanceSecuritizationAmount>11700000.00000000</scheduledPrincipalBalanceSecuritizationAmount>
		<paymentFrequencyCode>1</paymentFrequencyCode>
		<NumberPropertiesSecuritization>1</NumberPropertiesSecuritization>
		<NumberProperties>1</NumberProperties>
		<graceDaysAllowedNumber>0</graceDaysAllowedNumber>
		<interestOnlyIndicator>true</interestOnlyIndicator>
		<balloonIndicator>true</balloonIndicator>
		<prepaymentPremiumIndicator>true</prepaymentPremiumIndicator>
		<negativeAmortizationIndicator>false</negativeAmortizationIndicator>
		<modifiedIndicator>false</modifiedIndicator>
		<yieldMaintenanceEndDate>02-05-2035</yieldMaintenanceEndDate>
		<prepaymentPremiumsEndDate>02-05-2035</prepaymentPremiumsEndDate>
		<deferredInterestCumulativeAmount>.00000000</deferredInterestCumulativeAmount>
		<deferredInterestCollectedAmount>.00000000</deferredInterestCollectedAmount>
		<property>
			<propertyName>1550 Broadway</propertyName>
			<propertyAddress>1550 Broadway</propertyAddress>
			<propertyCity>New York</propertyCity>
			<propertyState>NY</propertyState>
			<propertyZip>10036</propertyZip>
			<propertyCounty>New York</propertyCounty>
			<propertyTypeCode>MU</propertyTypeCode>
			<netRentableSquareFeetNumber>5600</netRentableSquareFeetNumber>
			<netRentableSquareFeetSecuritizationNumber>8436</netRentableSquareFeetSecuritizationNumber>
			<yearBuiltNumber>1939</yearBuiltNumber>
			<valuationSecuritizationAmount>42500000.00000000</valuationSecuritizationAmount>
			<valuationSourceSecuritizationCode>MAI</valuationSourceSecuritizationCode>
			<valuationSecuritizationDate>02-25-2025</valuationSecuritizationDate>
			<mostRecentValuationAmount>42500000.00000000</mostRecentValuationAmount>
			<mostRecentValuationDate>02-25-2025</mostRecentValuationDate>
			<mostRecentValuationSourceCode>MAI</mostRecentValuationSourceCode>
			<physicalOccupancySecuritizationPercentage>.69900000</physicalOccupancySecuritizationPercentage>
			<mostRecentPhysicalOccupancyPercentage>1.00000000</mostRecentPhysicalOccupancyPercentage>
			<propertyStatusCode>6</propertyStatusCode>
			<defeasanceOptionStartDate>08-06-2027</defeasanceOptionStartDate>
			<DefeasedStatusCode>N</DefeasedStatusCode>
			<largestTenant>Matin &amp; 166 W 46</largestTenant>
			<squareFeetLargestTenantNumber>5600</squareFeetLargestTenantNumber>
			<leaseExpirationLargestTenantDate>12-31-2034</leaseExpirationLargestTenantDate>
			<financialsSecuritizationDate>12-31-2024</financialsSecuritizationDate>
			<mostRecentFinancialsStartDate>01-01-2025</mostRecentFinancialsStartDate>
			<mostRecentFinancialsEndDate>12-31-2025</mostRecentFinancialsEndDate>
			<revenueSecuritizationAmount>4246643.00000000</revenueSecuritizationAmount>
			<mostRecentRevenueAmount>4163200.00000000</mostRecentRevenueAmount>
			<operatingExpensesSecuritizationAmount>1526264.00000000</operatingExpensesSecuritizationAmount>
			<operatingExpensesAmount>1458781.80000000</operatingExpensesAmount>
			<netOperatingIncomeSecuritizationAmount>2720378.00000000</netOperatingIncomeSecuritizationAmount>
			<mostRecentNetOperatingIncomeAmount>2704418.20000000</mostRecentNetOperatingIncomeAmount>
			<netCashFlowFlowSecuritizationAmount>2718691.00000000</netCashFlowFlowSecuritizationAmount>
			<mostRecentNetCashFlowAmount>2702731.20000000</mostRecentNetCashFlowAmount>
			<netOperatingIncomeNetCashFlowSecuritizationCode>UW</netOperatingIncomeNetCashFlowSecuritizationCode>
			<netOperatingIncomeNetCashFlowCode>CREFC</netOperatingIncomeNetCashFlowCode>
			<mostRecentDebtServiceAmount>778535.81600000</mostRecentDebtServiceAmount>
			<debtServiceCoverageNetOperatingIncomeSecuritizationPercentage>3.49000000</debtServiceCoverageNetOperatingIncomeSecuritizationPercentage>
			<mostRecentDebtServiceCoverageNetOperatingIncomePercentage>3.47370000</mostRecentDebtServiceCoverageNetOperatingIncomePercentage>
			<debtServiceCoverageNetCashFlowSecuritizationPercentage>3.49000000</debtServiceCoverageNetCashFlowSecuritizationPercentage>
			<mostRecentDebtServiceCoverageNetCashFlowpercentage>3.47160000</mostRecentDebtServiceCoverageNetCashFlowpercentage>
			<debtServiceCoverageSecuritizationCode>F</debtServiceCoverageSecuritizationCode>
			<mostRecentAnnualLeaseRolloverReviewDate>12-31-2025</mostRecentAnnualLeaseRolloverReviewDate>
		</property>
		<assetAddedIndicator>false</assetAddedIndicator>
		<reportPeriodModificationIndicator>false</reportPeriodModificationIndicator>
		<reportPeriodBeginningScheduleLoanBalanceAmount>11700000.00000000</reportPeriodBeginningScheduleLoanBalanceAmount>
		<totalScheduledPrincipalInterestDueAmount>59723.30000000</totalScheduledPrincipalInterestDueAmount>
		<reportPeriodInterestRatePercentage>.06563000</reportPeriodInterestRatePercentage>
		<servicerTrusteeFeeRatePercentage>.00016970</servicerTrusteeFeeRatePercentage>
		<scheduledInterestAmount>59723.30000000</scheduledInterestAmount>
		<scheduledPrincipalAmount>.00000000</scheduledPrincipalAmount>
		<otherPrincipalAdjustmentAmount>.00000000</otherPrincipalAdjustmentAmount>
		<reportPeriodEndActualBalanceAmount>11700000.00000000</reportPeriodEndActualBalanceAmount>
		<reportPeriodEndScheduledLoanBalanceAmount>11700000.00000000</reportPeriodEndScheduledLoanBalanceAmount>
		<paidThroughDate>03-06-2026</paidThroughDate>
		<servicingAdvanceMethodCode>1</servicingAdvanceMethodCode>
		<nonRecoverabilityIndicator>false</nonRecoverabilityIndicator>
		<totalPrincipalInterestAdvancedOutstandingAmount>.00000000</totalPrincipalInterestAdvancedOutstandingAmount>
		<totalTaxesInsuranceAdvancesOutstandingAmount>.00000000</totalTaxesInsuranceAdvancesOutstandingAmount>
		<otherExpensesAdvancedOutstandingAmount>.00000000</otherExpensesAdvancedOutstandingAmount>
		<paymentStatusLoanCode>0</paymentStatusLoanCode>
		<primaryServicerName>Midland</primaryServicerName>
		<assetSubjectDemandIndicator>false</assetSubjectDemandIndicator>
		<prepaymentPremiumYieldMaintenanceReceivedAmount>.00000000</prepaymentPremiumYieldMaintenanceReceivedAmount>
	</assets>
	<assets>
		<assetTypeNumber>Prospectus Loan ID</assetTypeNumber>
		<assetNumber>21</assetNumber>
		<GroupID>1</GroupID>
		<reportingPeriodBeginningDate>02-12-2026</reportingPeriodBeginningDate>
		<reportingPeriodEndDate>03-11-2026</reportingPeriodEndDate>
		<originatorName>LMF Commercial, LLC</originatorName>
		<originationDate>06-18-2025</originationDate>
		<originalLoanAmount>11350000.00000000</originalLoanAmount>
		<originalTermLoanNumber>120</originalTermLoanNumber>
		<maturityDate>07-06-2035</maturityDate>
		<originalAmortizationTermNumber>0</originalAmortizationTermNumber>
		<originalInterestRatePercentage>.06540000</originalInterestRatePercentage>
		<interestRateSecuritizationPercentage>.06540000</interestRateSecuritizationPercentage>
		<interestAccrualMethodCode>3</interestAccrualMethodCode>
		<originalInterestRateTypeCode>1</originalInterestRateTypeCode>
		<originalInterestOnlyTermNumber>120</originalInterestOnlyTermNumber>
		<firstLoanPaymentDueDate>08-06-2025</firstLoanPaymentDueDate>
		<underwritingIndicator>true</underwritingIndicator>
		<lienPositionSecuritizationCode>1</lienPositionSecuritizationCode>
		<loanStructureCode>WL</loanStructureCode>
		<paymentTypeCode>3</paymentTypeCode>
		<periodicPrincipalAndInterestPaymentSecuritizationAmount>.00000000</periodicPrincipalAndInterestPaymentSecuritizationAmount>
		<scheduledPrincipalBalanceSecuritizationAmount>11350000.00000000</scheduledPrincipalBalanceSecuritizationAmount>
		<paymentFrequencyCode>1</paymentFrequencyCode>
		<NumberPropertiesSecuritization>1</NumberPropertiesSecuritization>
		<NumberProperties>2</NumberProperties>
		<graceDaysAllowedNumber>0</graceDaysAllowedNumber>
		<interestOnlyIndicator>true</interestOnlyIndicator>
		<balloonIndicator>true</balloonIndicator>
		<prepaymentPremiumIndicator>true</prepaymentPremiumIndicator>
		<negativeAmortizationIndicator>false</negativeAmortizationIndicator>
		<modifiedIndicator>false</modifiedIndicator>
		<prepaymentLockOutEndDate>07-05-2027</prepaymentLockOutEndDate>
		<yieldMaintenanceEndDate>01-05-2035</yieldMaintenanceEndDate>
		<prepaymentPremiumsEndDate>01-05-2035</prepaymentPremiumsEndDate>
		<deferredInterestCumulativeAmount>.00000000</deferredInterestCumulativeAmount>
		<deferredInterestCollectedAmount>.00000000</deferredInterestCollectedAmount>
		<property>
			<propertyName>46 &amp; 47 Mercer Street</propertyName>
			<propertyAddress>46 and 47 Mercer Street</propertyAddress>
			<propertyCity>Jersey City</propertyCity>
			<propertyState>NJ</propertyState>
			<propertyZip>07302</propertyZip>
			<propertyCounty>Hudson</propertyCounty>
			<propertyTypeCode>MF</propertyTypeCode>
			<unitsBedsRoomsNumber>28</unitsBedsRoomsNumber>
			<unitsBedsRoomsSecuritizationNumber>28</unitsBedsRoomsSecuritizationNumber>
			<yearBuiltNumber>1870</yearBuiltNumber>
			<valuationSecuritizationAmount>16950000.00000000</valuationSecuritizationAmount>
			<valuationSourceSecuritizationCode>MAI</valuationSourceSecuritizationCode>
			<valuationSecuritizationDate>04-13-2025</valuationSecuritizationDate>
			<mostRecentValuationAmount>16950000.00000000</mostRecentValuationAmount>
			<mostRecentValuationDate>04-13-2025</mostRecentValuationDate>
			<mostRecentValuationSourceCode>MAI</mostRecentValuationSourceCode>
			<physicalOccupancySecuritizationPercentage>1.00000000</physicalOccupancySecuritizationPercentage>
			<propertyStatusCode>6</propertyStatusCode>
			<DefeasedStatusCode>X</DefeasedStatusCode>
			<financialsSecuritizationDate>05-31-2025</financialsSecuritizationDate>
			<revenueSecuritizationAmount>1386243.00000000</revenueSecuritizationAmount>
			<operatingExpensesSecuritizationAmount>390339.00000000</operatingExpensesSecuritizationAmount>
			<netOperatingIncomeSecuritizationAmount>995903.00000000</netOperatingIncomeSecuritizationAmount>
			<netCashFlowFlowSecuritizationAmount>988903.00000000</netCashFlowFlowSecuritizationAmount>
			<netOperatingIncomeNetCashFlowSecuritizationCode>UW</netOperatingIncomeNetCashFlowSecuritizationCode>
			<netOperatingIncomeNetCashFlowCode>CREFC</netOperatingIncomeNetCashFlowCode>
			<debtServiceCoverageNetOperatingIncomeSecuritizationPercentage>1.32000000</debtServiceCoverageNetOperatingIncomeSecuritizationPercentage>
			<debtServiceCoverageNetCashFlowSecuritizationPercentage>1.31000000</debtServiceCoverageNetCashFlowSecuritizationPercentage>
			<debtServiceCoverageSecuritizationCode>F</debtServiceCoverageSecuritizationCode>
			<mostRecentDebtServiceCoverageCode>F</mostRecentDebtServiceCoverageCode>
		</property>
		<assetAddedIndicator>false</assetAddedIndicator>
		<reportPeriodModificationIndicator>false</reportPeriodModificationIndicator>
		<reportPeriodBeginningScheduleLoanBalanceAmount>11350000.00000000</reportPeriodBeginningScheduleLoanBalanceAmount>
		<totalScheduledPrincipalInterestDueAmount>57733.67000000</totalScheduledPrincipalInterestDueAmount>
		<reportPeriodInterestRatePercentage>.06540000</reportPeriodInterestRatePercentage>
		<servicerTrusteeFeeRatePercentage>.00016970</servicerTrusteeFeeRatePercentage>
		<scheduledInterestAmount>57733.67000000</scheduledInterestAmount>
		<scheduledPrincipalAmount>.00000000</scheduledPrincipalAmount>
		<otherPrincipalAdjustmentAmount>.00000000</otherPrincipalAdjustmentAmount>
		<reportPeriodEndActualBalanceAmount>11350000.00000000</reportPeriodEndActualBalanceAmount>
		<reportPeriodEndScheduledLoanBalanceAmount>11350000.00000000</reportPeriodEndScheduledLoanBalanceAmount>
		<paidThroughDate>03-06-2026</paidThroughDate>
		<servicingAdvanceMethodCode>1</servicingAdvanceMethodCode>
		<nonRecoverabilityIndicator>false</nonRecoverabilityIndicator>
		<totalPrincipalInterestAdvancedOutstandingAmount>.00000000</totalPrincipalInterestAdvancedOutstandingAmount>
		<totalTaxesInsuranceAdvancesOutstandingAmount>.00000000</totalTaxesInsuranceAdvancesOutstandingAmount>
		<otherExpensesAdvancedOutstandingAmount>.00000000</otherExpensesAdvancedOutstandingAmount>
		<paymentStatusLoanCode>0</paymentStatusLoanCode>
		<primaryServicerName>Midland</primaryServicerName>
		<assetSubjectDemandIndicator>false</assetSubjectDemandIndicator>
		<prepaymentPremiumYieldMaintenanceReceivedAmount>.00000000</prepaymentPremiumYieldMaintenanceReceivedAmount>
	</assets>
	<assets>
		<assetTypeNumber>Prospectus Loan ID</assetTypeNumber>
		<assetNumber>22</assetNumber>
		<GroupID>1</GroupID>
		<reportingPeriodBeginningDate>02-12-2026</reportingPeriodBeginningDate>
		<reportingPeriodEndDate>03-11-2026</reportingPeriodEndDate>
		<originatorName>UBS AG</originatorName>
		<originationDate>06-20-2025</originationDate>
		<originalLoanAmount>10260000.00000000</originalLoanAmount>
		<originalTermLoanNumber>120</originalTermLoanNumber>
		<maturityDate>07-06-2035</maturityDate>
		<originalAmortizationTermNumber>0</originalAmortizationTermNumber>
		<originalInterestRatePercentage>.06927000</originalInterestRatePercentage>
		<interestRateSecuritizationPercentage>.06927000</interestRateSecuritizationPercentage>
		<interestAccrualMethodCode>3</interestAccrualMethodCode>
		<originalInterestRateTypeCode>1</originalInterestRateTypeCode>
		<originalInterestOnlyTermNumber>120</originalInterestOnlyTermNumber>
		<firstLoanPaymentDueDate>08-06-2025</firstLoanPaymentDueDate>
		<underwritingIndicator>true</underwritingIndicator>
		<lienPositionSecuritizationCode>1</lienPositionSecuritizationCode>
		<loanStructureCode>WL</loanStructureCode>
		<paymentTypeCode>3</paymentTypeCode>
		<periodicPrincipalAndInterestPaymentSecuritizationAmount>.00000000</periodicPrincipalAndInterestPaymentSecuritizationAmount>
		<scheduledPrincipalBalanceSecuritizationAmount>10260000.00000000</scheduledPrincipalBalanceSecuritizationAmount>
		<paymentFrequencyCode>1</paymentFrequencyCode>
		<NumberPropertiesSecuritization>1</NumberPropertiesSecuritization>
		<NumberProperties>1</NumberProperties>
		<graceDaysAllowedNumber>0</graceDaysAllowedNumber>
		<interestOnlyIndicator>true</interestOnlyIndicator>
		<balloonIndicator>true</balloonIndicator>
		<prepaymentPremiumIndicator>false</prepaymentPremiumIndicator>
		<negativeAmortizationIndicator>false</negativeAmortizationIndicator>
		<modifiedIndicator>false</modifiedIndicator>
		<prepaymentLockOutEndDate>01-05-2035</prepaymentLockOutEndDate>
		<deferredInterestCumulativeAmount>.00000000</deferredInterestCumulativeAmount>
		<deferredInterestCollectedAmount>.00000000</deferredInterestCollectedAmount>
		<property>
			<propertyName>Mills Pointe</propertyName>
			<propertyAddress>2810 E. Trinity Mills Road</propertyAddress>
			<propertyCity>Carrollton</propertyCity>
			<propertyState>TX</propertyState>
			<propertyZip>75006</propertyZip>
			<propertyCounty>Dallas</propertyCounty>
			<propertyTypeCode>RT</propertyTypeCode>
			<netRentableSquareFeetNumber>126864</netRentableSquareFeetNumber>
			<netRentableSquareFeetSecuritizationNumber>126864</netRentableSquareFeetSecuritizationNumber>
			<yearBuiltNumber>1985</yearBuiltNumber>
			<yearLastRenovated>2016</yearLastRenovated>
			<valuationSecuritizationAmount>19560000.00000000</valuationSecuritizationAmount>
			<valuationSourceSecuritizationCode>MAI</valuationSourceSecuritizationCode>
			<valuationSecuritizationDate>05-14-2025</valuationSecuritizationDate>
			<mostRecentValuationAmount>19560000.00000000</mostRecentValuationAmount>
			<mostRecentValuationDate>05-14-2025</mostRecentValuationDate>
			<mostRecentValuationSourceCode>MAI</mostRecentValuationSourceCode>
			<physicalOccupancySecuritizationPercentage>.88700000</physicalOccupancySecuritizationPercentage>
			<propertyStatusCode>6</propertyStatusCode>
			<defeasanceOptionStartDate>08-06-2027</defeasanceOptionStartDate>
			<DefeasedStatusCode>X</DefeasedStatusCode>
			<largestTenant>Fitness Connection</largestTenant>
			<squareFeetLargestTenantNumber>52688</squareFeetLargestTenantNumber>
			<leaseExpirationLargestTenantDate>03-31-2030</leaseExpirationLargestTenantDate>
			<secondLargestTenant>Lin's Asian Buffet</secondLargestTenant>
			<squareFeetSecondLargestTenantNumber>9471</squareFeetSecondLargestTenantNumber>
			<leaseExpirationSecondLargestTenantDate>12-31-2028</leaseExpirationSecondLargestTenantDate>
			<thirdLargestTenant>Dance Institute of Dallas</thirdLargestTenant>
			<squareFeetThirdLargestTenantNumber>5500</squareFeetThirdLargestTenantNumber>
			<leaseExpirationThirdLargestTenantDate>02-28-2027</leaseExpirationThirdLargestTenantDate>
			<financialsSecuritizationDate>04-30-2025</financialsSecuritizationDate>
			<revenueSecuritizationAmount>1956658.00000000</revenueSecuritizationAmount>
			<operatingExpensesSecuritizationAmount>626596.00000000</operatingExpensesSecuritizationAmount>
			<netOperatingIncomeSecuritizationAmount>1330062.00000000</netOperatingIncomeSecuritizationAmount>
			<netCashFlowFlowSecuritizationAmount>1210608.00000000</netCashFlowFlowSecuritizationAmount>
			<netOperatingIncomeNetCashFlowSecuritizationCode>UW</netOperatingIncomeNetCashFlowSecuritizationCode>
			<netOperatingIncomeNetCashFlowCode>CREFC</netOperatingIncomeNetCashFlowCode>
			<debtServiceCoverageNetOperatingIncomeSecuritizationPercentage>1.85000000</debtServiceCoverageNetOperatingIncomeSecuritizationPercentage>
			<debtServiceCoverageNetCashFlowSecuritizationPercentage>1.68000000</debtServiceCoverageNetCashFlowSecuritizationPercentage>
			<debtServiceCoverageSecuritizationCode>F</debtServiceCoverageSecuritizationCode>
			<mostRecentAnnualLeaseRolloverReviewDate>06-05-2025</mostRecentAnnualLeaseRolloverReviewDate>
		</property>
		<assetAddedIndicator>false</assetAddedIndicator>
		<reportPeriodModificationIndicator>false</reportPeriodModificationIndicator>
		<reportPeriodBeginningScheduleLoanBalanceAmount>10260000.00000000</reportPeriodBeginningScheduleLoanBalanceAmount>
		<totalScheduledPrincipalInterestDueAmount>55277.46000000</totalScheduledPrincipalInterestDueAmount>
		<reportPeriodInterestRatePercentage>.06927000</reportPeriodInterestRatePercentage>
		<servicerTrusteeFeeRatePercentage>.00016970</servicerTrusteeFeeRatePercentage>
		<scheduledInterestAmount>55277.46000000</scheduledInterestAmount>
		<scheduledPrincipalAmount>.00000000</scheduledPrincipalAmount>
		<otherPrincipalAdjustmentAmount>.00000000</otherPrincipalAdjustmentAmount>
		<reportPeriodEndActualBalanceAmount>10260000.00000000</reportPeriodEndActualBalanceAmount>
		<reportPeriodEndScheduledLoanBalanceAmount>10260000.00000000</reportPeriodEndScheduledLoanBalanceAmount>
		<paidThroughDate>03-06-2026</paidThroughDate>
		<servicingAdvanceMethodCode>1</servicingAdvanceMethodCode>
		<nonRecoverabilityIndicator>false</nonRecoverabilityIndicator>
		<totalPrincipalInterestAdvancedOutstandingAmount>.00000000</totalPrincipalInterestAdvancedOutstandingAmount>
		<totalTaxesInsuranceAdvancesOutstandingAmount>.00000000</totalTaxesInsuranceAdvancesOutstandingAmount>
		<otherExpensesAdvancedOutstandingAmount>.00000000</otherExpensesAdvancedOutstandingAmount>
		<paymentStatusLoanCode>0</paymentStatusLoanCode>
		<primaryServicerName>Midland</primaryServicerName>
		<assetSubjectDemandIndicator>false</assetSubjectDemandIndicator>
		<prepaymentPremiumYieldMaintenanceReceivedAmount>.00000000</prepaymentPremiumYieldMaintenanceReceivedAmount>
	</assets>
	<assets>
		<assetTypeNumber>Prospectus Loan ID</assetTypeNumber>
		<assetNumber>23</assetNumber>
		<GroupID>1</GroupID>
		<reportingPeriodBeginningDate>02-12-2026</reportingPeriodBeginningDate>
		<reportingPeriodEndDate>03-11-2026</reportingPeriodEndDate>
		<originatorName>German American Capital Corporation</originatorName>
		<originationDate>06-04-2025</originationDate>
		<originalLoanAmount>9000000.00000000</originalLoanAmount>
		<originalTermLoanNumber>120</originalTermLoanNumber>
		<maturityDate>06-06-2035</maturityDate>
		<originalAmortizationTermNumber>0</originalAmortizationTermNumber>
		<originalInterestRatePercentage>.06576000</originalInterestRatePercentage>
		<interestRateSecuritizationPercentage>.06576000</interestRateSecuritizationPercentage>
		<interestAccrualMethodCode>3</interestAccrualMethodCode>
		<originalInterestRateTypeCode>1</originalInterestRateTypeCode>
		<originalInterestOnlyTermNumber>120</originalInterestOnlyTermNumber>
		<firstLoanPaymentDueDate>07-06-2025</firstLoanPaymentDueDate>
		<underwritingIndicator>true</underwritingIndicator>
		<lienPositionSecuritizationCode>1</lienPositionSecuritizationCode>
		<loanStructureCode>WL</loanStructureCode>
		<paymentTypeCode>3</paymentTypeCode>
		<periodicPrincipalAndInterestPaymentSecuritizationAmount>49320.00000000</periodicPrincipalAndInterestPaymentSecuritizationAmount>
		<scheduledPrincipalBalanceSecuritizationAmount>9000000.00000000</scheduledPrincipalBalanceSecuritizationAmount>
		<paymentFrequencyCode>1</paymentFrequencyCode>
		<NumberPropertiesSecuritization>1</NumberPropertiesSecuritization>
		<NumberProperties>1</NumberProperties>
		<graceDaysAllowedNumber>0</graceDaysAllowedNumber>
		<interestOnlyIndicator>true</interestOnlyIndicator>
		<balloonIndicator>true</balloonIndicator>
		<prepaymentPremiumIndicator>false</prepaymentPremiumIndicator>
		<negativeAmortizationIndicator>false</negativeAmortizationIndicator>
		<modifiedIndicator>false</modifiedIndicator>
		<prepaymentLockOutEndDate>02-05-2035</prepaymentLockOutEndDate>
		<deferredInterestCumulativeAmount>.00000000</deferredInterestCumulativeAmount>
		<deferredInterestCollectedAmount>.00000000</deferredInterestCollectedAmount>
		<property>
			<propertyName>Plaza El Toro</propertyName>
			<propertyAddress>23330 - 23402 El Toro Road 24842 - 24882 Muirlands Boulevard</propertyAddress>
			<propertyCity>Lake Forest</propertyCity>
			<propertyState>CA</propertyState>
			<propertyZip>92630</propertyZip>
			<propertyCounty>Orange</propertyCounty>
			<propertyTypeCode>RT</propertyTypeCode>
			<netRentableSquareFeetNumber>53239</netRentableSquareFeetNumber>
			<netRentableSquareFeetSecuritizationNumber>53239</netRentableSquareFeetSecuritizationNumber>
			<yearBuiltNumber>1973</yearBuiltNumber>
			<yearLastRenovated>2002</yearLastRenovated>
			<valuationSecuritizationAmount>19600000.00000000</valuationSecuritizationAmount>
			<valuationSourceSecuritizationCode>MAI</valuationSourceSecuritizationCode>
			<valuationSecuritizationDate>03-21-2025</valuationSecuritizationDate>
			<mostRecentValuationAmount>19600000.00000000</mostRecentValuationAmount>
			<mostRecentValuationDate>03-21-2025</mostRecentValuationDate>
			<mostRecentValuationSourceCode>MAI</mostRecentValuationSourceCode>
			<physicalOccupancySecuritizationPercentage>.92500000</physicalOccupancySecuritizationPercentage>
			<propertyStatusCode>6</propertyStatusCode>
			<defeasanceOptionStartDate>08-06-2027</defeasanceOptionStartDate>
			<DefeasedStatusCode>N</DefeasedStatusCode>
			<largestTenant>Aldi</largestTenant>
			<squareFeetLargestTenantNumber>23800</squareFeetLargestTenantNumber>
			<leaseExpirationLargestTenantDate>11-30-2034</leaseExpirationLargestTenantDate>
			<secondLargestTenant>Tula Market</secondLargestTenant>
			<squareFeetSecondLargestTenantNumber>5028</squareFeetSecondLargestTenantNumber>
			<leaseExpirationSecondLargestTenantDate>06-30-2030</leaseExpirationSecondLargestTenantDate>
			<thirdLargestTenant>Pure Ride</thirdLargestTenant>
			<squareFeetThirdLargestTenantNumber>3075</squareFeetThirdLargestTenantNumber>
			<leaseExpirationThirdLargestTenantDate>02-28-2030</leaseExpirationThirdLargestTenantDate>
			<financialsSecuritizationDate>12-31-2024</financialsSecuritizationDate>
			<revenueSecuritizationAmount>1517655.00000000</revenueSecuritizationAmount>
			<operatingExpensesSecuritizationAmount>430452.00000000</operatingExpensesSecuritizationAmount>
			<netOperatingIncomeSecuritizationAmount>1087202.00000000</netOperatingIncomeSecuritizationAmount>
			<netCashFlowFlowSecuritizationAmount>1030769.00000000</netCashFlowFlowSecuritizationAmount>
			<netOperatingIncomeNetCashFlowSecuritizationCode>UW</netOperatingIncomeNetCashFlowSecuritizationCode>
			<netOperatingIncomeNetCashFlowCode>CREFC</netOperatingIncomeNetCashFlowCode>
			<debtServiceCoverageNetOperatingIncomeSecuritizationPercentage>1.81000000</debtServiceCoverageNetOperatingIncomeSecuritizationPercentage>
			<debtServiceCoverageNetCashFlowSecuritizationPercentage>1.72000000</debtServiceCoverageNetCashFlowSecuritizationPercentage>
			<debtServiceCoverageSecuritizationCode>F</debtServiceCoverageSecuritizationCode>
			<mostRecentAnnualLeaseRolloverReviewDate>06-02-2025</mostRecentAnnualLeaseRolloverReviewDate>
		</property>
		<assetAddedIndicator>false</assetAddedIndicator>
		<reportPeriodModificationIndicator>false</reportPeriodModificationIndicator>
		<reportPeriodBeginningScheduleLoanBalanceAmount>9000000.00000000</reportPeriodBeginningScheduleLoanBalanceAmount>
		<totalScheduledPrincipalInterestDueAmount>46032.00000000</totalScheduledPrincipalInterestDueAmount>
		<reportPeriodInterestRatePercentage>.06576000</reportPeriodInterestRatePercentage>
		<servicerTrusteeFeeRatePercentage>.00016970</servicerTrusteeFeeRatePercentage>
		<scheduledInterestAmount>46032.00000000</scheduledInterestAmount>
		<scheduledPrincipalAmount>.00000000</scheduledPrincipalAmount>
		<otherPrincipalAdjustmentAmount>.00000000</otherPrincipalAdjustmentAmount>
		<reportPeriodEndActualBalanceAmount>9000000.00000000</reportPeriodEndActualBalanceAmount>
		<reportPeriodEndScheduledLoanBalanceAmount>9000000.00000000</reportPeriodEndScheduledLoanBalanceAmount>
		<paidThroughDate>03-06-2026</paidThroughDate>
		<servicingAdvanceMethodCode>1</servicingAdvanceMethodCode>
		<nonRecoverabilityIndicator>false</nonRecoverabilityIndicator>
		<totalPrincipalInterestAdvancedOutstandingAmount>.00000000</totalPrincipalInterestAdvancedOutstandingAmount>
		<totalTaxesInsuranceAdvancesOutstandingAmount>.00000000</totalTaxesInsuranceAdvancesOutstandingAmount>
		<otherExpensesAdvancedOutstandingAmount>.00000000</otherExpensesAdvancedOutstandingAmount>
		<paymentStatusLoanCode>0</paymentStatusLoanCode>
		<primaryServicerName>Midland</primaryServicerName>
		<assetSubjectDemandIndicator>false</assetSubjectDemandIndicator>
		<prepaymentPremiumYieldMaintenanceReceivedAmount>.00000000</prepaymentPremiumYieldMaintenanceReceivedAmount>
	</assets>
	<assets>
		<assetTypeNumber>Prospectus Loan ID</assetTypeNumber>
		<assetNumber>24</assetNumber>
		<GroupID>1</GroupID>
		<reportingPeriodBeginningDate>02-12-2026</reportingPeriodBeginningDate>
		<reportingPeriodEndDate>03-11-2026</reportingPeriodEndDate>
		<originatorName>Starwood Mortgage Capital LLC</originatorName>
		<originationDate>06-20-2025</originationDate>
		<originalLoanAmount>9000000.00000000</originalLoanAmount>
		<originalTermLoanNumber>120</originalTermLoanNumber>
		<maturityDate>07-06-2035</maturityDate>
		<originalAmortizationTermNumber>300</originalAmortizationTermNumber>
		<originalInterestRatePercentage>.06435000</originalInterestRatePercentage>
		<interestRateSecuritizationPercentage>.06435000</interestRateSecuritizationPercentage>
		<interestAccrualMethodCode>3</interestAccrualMethodCode>
		<originalInterestRateTypeCode>1</originalInterestRateTypeCode>
		<originalInterestOnlyTermNumber>0</originalInterestOnlyTermNumber>
		<firstLoanPaymentDueDate>08-06-2025</firstLoanPaymentDueDate>
		<underwritingIndicator>true</underwritingIndicator>
		<lienPositionSecuritizationCode>1</lienPositionSecuritizationCode>
		<loanStructureCode>WL</loanStructureCode>
		<paymentTypeCode>2</paymentTypeCode>
		<periodicPrincipalAndInterestPaymentSecuritizationAmount>.00000000</periodicPrincipalAndInterestPaymentSecuritizationAmount>
		<scheduledPrincipalBalanceSecuritizationAmount>9000000.00000000</scheduledPrincipalBalanceSecuritizationAmount>
		<paymentFrequencyCode>1</paymentFrequencyCode>
		<NumberPropertiesSecuritization>1</NumberPropertiesSecuritization>
		<NumberProperties>1</NumberProperties>
		<graceDaysAllowedNumber>0</graceDaysAllowedNumber>
		<interestOnlyIndicator>false</interestOnlyIndicator>
		<balloonIndicator>true</balloonIndicator>
		<prepaymentPremiumIndicator>false</prepaymentPremiumIndicator>
		<negativeAmortizationIndicator>false</negativeAmortizationIndicator>
		<modifiedIndicator>false</modifiedIndicator>
		<prepaymentLockOutEndDate>04-05-2035</prepaymentLockOutEndDate>
		<deferredInterestCumulativeAmount>.00000000</deferredInterestCumulativeAmount>
		<deferredInterestCollectedAmount>.00000000</deferredInterestCollectedAmount>
		<property>
			<propertyName>Golden State Storage - Oak Avenue</propertyName>
			<propertyAddress>26825 Oak Avenue</propertyAddress>
			<propertyCity>Santa Clarita</propertyCity>
			<propertyState>CA</propertyState>
			<propertyZip>91351</propertyZip>
			<propertyCounty>Los Angeles</propertyCounty>
			<propertyTypeCode>SS</propertyTypeCode>
			<netRentableSquareFeetNumber>70400</netRentableSquareFeetNumber>
			<netRentableSquareFeetSecuritizationNumber>70400</netRentableSquareFeetSecuritizationNumber>
			<unitsBedsRoomsSecuritizationNumber>690</unitsBedsRoomsSecuritizationNumber>
			<yearBuiltNumber>1987</yearBuiltNumber>
			<valuationSecuritizationAmount>14820000.00000000</valuationSecuritizationAmount>
			<valuationSourceSecuritizationCode>MAI</valuationSourceSecuritizationCode>
			<valuationSecuritizationDate>04-03-2025</valuationSecuritizationDate>
			<mostRecentValuationAmount>14820000.00000000</mostRecentValuationAmount>
			<mostRecentValuationDate>04-03-2025</mostRecentValuationDate>
			<mostRecentValuationSourceCode>MAI</mostRecentValuationSourceCode>
			<physicalOccupancySecuritizationPercentage>.86800000</physicalOccupancySecuritizationPercentage>
			<propertyStatusCode>6</propertyStatusCode>
			<defeasanceOptionStartDate>08-06-2027</defeasanceOptionStartDate>
			<DefeasedStatusCode>N</DefeasedStatusCode>
			<financialsSecuritizationDate>05-31-2025</financialsSecuritizationDate>
			<revenueSecuritizationAmount>1450621.00000000</revenueSecuritizationAmount>
			<operatingExpensesSecuritizationAmount>495038.00000000</operatingExpensesSecuritizationAmount>
			<netOperatingIncomeSecuritizationAmount>955583.00000000</netOperatingIncomeSecuritizationAmount>
			<netCashFlowFlowSecuritizationAmount>948543.00000000</netCashFlowFlowSecuritizationAmount>
			<netOperatingIncomeNetCashFlowSecuritizationCode>UW</netOperatingIncomeNetCashFlowSecuritizationCode>
			<netOperatingIncomeNetCashFlowCode>CREFC</netOperatingIncomeNetCashFlowCode>
			<debtServiceCoverageNetOperatingIncomeSecuritizationPercentage>1.32000000</debtServiceCoverageNetOperatingIncomeSecuritizationPercentage>
			<debtServiceCoverageNetCashFlowSecuritizationPercentage>1.31000000</debtServiceCoverageNetCashFlowSecuritizationPercentage>
			<debtServiceCoverageSecuritizationCode>F</debtServiceCoverageSecuritizationCode>
			<mostRecentDebtServiceCoverageCode>F</mostRecentDebtServiceCoverageCode>
		</property>
		<assetAddedIndicator>false</assetAddedIndicator>
		<reportPeriodModificationIndicator>false</reportPeriodModificationIndicator>
		<reportPeriodBeginningScheduleLoanBalanceAmount>8921776.99000000</reportPeriodBeginningScheduleLoanBalanceAmount>
		<totalScheduledPrincipalInterestDueAmount>60403.61000000</totalScheduledPrincipalInterestDueAmount>
		<reportPeriodInterestRatePercentage>.06435000</reportPeriodInterestRatePercentage>
		<servicerTrusteeFeeRatePercentage>.00065720</servicerTrusteeFeeRatePercentage>
		<scheduledInterestAmount>44653.49000000</scheduledInterestAmount>
		<scheduledPrincipalAmount>15750.12000000</scheduledPrincipalAmount>
		<otherPrincipalAdjustmentAmount>.00000000</otherPrincipalAdjustmentAmount>
		<reportPeriodEndActualBalanceAmount>8906026.87000000</reportPeriodEndActualBalanceAmount>
		<reportPeriodEndScheduledLoanBalanceAmount>8906026.87000000</reportPeriodEndScheduledLoanBalanceAmount>
		<paidThroughDate>03-06-2026</paidThroughDate>
		<servicingAdvanceMethodCode>1</servicingAdvanceMethodCode>
		<nonRecoverabilityIndicator>false</nonRecoverabilityIndicator>
		<totalPrincipalInterestAdvancedOutstandingAmount>.00000000</totalPrincipalInterestAdvancedOutstandingAmount>
		<totalTaxesInsuranceAdvancesOutstandingAmount>.00000000</totalTaxesInsuranceAdvancesOutstandingAmount>
		<otherExpensesAdvancedOutstandingAmount>.00000000</otherExpensesAdvancedOutstandingAmount>
		<paymentStatusLoanCode>0</paymentStatusLoanCode>
		<primaryServicerName>Berkadia</primaryServicerName>
		<assetSubjectDemandIndicator>false</assetSubjectDemandIndicator>
		<prepaymentPremiumYieldMaintenanceReceivedAmount>.00000000</prepaymentPremiumYieldMaintenanceReceivedAmount>
	</assets>
	<assets>
		<assetTypeNumber>Prospectus Loan ID</assetTypeNumber>
		<assetNumber>25</assetNumber>
		<GroupID>1</GroupID>
		<reportingPeriodBeginningDate>02-12-2026</reportingPeriodBeginningDate>
		<reportingPeriodEndDate>03-11-2026</reportingPeriodEndDate>
		<originatorName>Societe Generale Financial Corporation</originatorName>
		<originationDate>05-22-2025</originationDate>
		<originalLoanAmount>8730000.00000000</originalLoanAmount>
		<originalTermLoanNumber>120</originalTermLoanNumber>
		<maturityDate>06-01-2035</maturityDate>
		<originalAmortizationTermNumber>360</originalAmortizationTermNumber>
		<originalInterestRatePercentage>.07315000</originalInterestRatePercentage>
		<interestRateSecuritizationPercentage>.07315000</interestRateSecuritizationPercentage>
		<interestAccrualMethodCode>3</interestAccrualMethodCode>
		<originalInterestRateTypeCode>1</originalInterestRateTypeCode>
		<originalInterestOnlyTermNumber>0</originalInterestOnlyTermNumber>
		<firstLoanPaymentDueDate>07-01-2025</firstLoanPaymentDueDate>
		<underwritingIndicator>true</underwritingIndicator>
		<lienPositionSecuritizationCode>1</lienPositionSecuritizationCode>
		<loanStructureCode>WL</loanStructureCode>
		<paymentTypeCode>2</paymentTypeCode>
		<periodicPrincipalAndInterestPaymentSecuritizationAmount>59939.36000000</periodicPrincipalAndInterestPaymentSecuritizationAmount>
		<scheduledPrincipalBalanceSecuritizationAmount>8723277.27000000</scheduledPrincipalBalanceSecuritizationAmount>
		<paymentFrequencyCode>1</paymentFrequencyCode>
		<NumberPropertiesSecuritization>1</NumberPropertiesSecuritization>
		<NumberProperties>1</NumberProperties>
		<graceDaysAllowedNumber>5</graceDaysAllowedNumber>
		<interestOnlyIndicator>false</interestOnlyIndicator>
		<balloonIndicator>true</balloonIndicator>
		<prepaymentPremiumIndicator>true</prepaymentPremiumIndicator>
		<negativeAmortizationIndicator>false</negativeAmortizationIndicator>
		<modifiedIndicator>false</modifiedIndicator>
		<prepaymentLockOutEndDate>05-31-2028</prepaymentLockOutEndDate>
		<yieldMaintenanceEndDate>02-28-2035</yieldMaintenanceEndDate>
		<prepaymentPremiumsEndDate>02-28-2035</prepaymentPremiumsEndDate>
		<deferredInterestCumulativeAmount>.00000000</deferredInterestCumulativeAmount>
		<deferredInterestCollectedAmount>.00000000</deferredInterestCollectedAmount>
		<property>
			<propertyName>Hampton Heights Portfolio</propertyName>
			<propertyAddress>4938-4948 West Hampton Ave</propertyAddress>
			<propertyCity>Milwaukee</propertyCity>
			<propertyState>WI</propertyState>
			<propertyZip>53218</propertyZip>
			<propertyCounty>Milwaukee</propertyCounty>
			<propertyTypeCode>MF</propertyTypeCode>
			<unitsBedsRoomsNumber>81</unitsBedsRoomsNumber>
			<unitsBedsRoomsSecuritizationNumber>81</unitsBedsRoomsSecuritizationNumber>
			<yearBuiltNumber>1957</yearBuiltNumber>
			<yearLastRenovated>2018</yearLastRenovated>
			<valuationSecuritizationAmount>15100000.00000000</valuationSecuritizationAmount>
			<valuationSourceSecuritizationCode>MAI</valuationSourceSecuritizationCode>
			<valuationSecuritizationDate>04-24-2025</valuationSecuritizationDate>
			<mostRecentValuationAmount>15100000.00000000</mostRecentValuationAmount>
			<mostRecentValuationDate>04-24-2025</mostRecentValuationDate>
			<mostRecentValuationSourceCode>MAI</mostRecentValuationSourceCode>
			<physicalOccupancySecuritizationPercentage>1.00000000</physicalOccupancySecuritizationPercentage>
			<propertyStatusCode>6</propertyStatusCode>
			<DefeasedStatusCode>X</DefeasedStatusCode>
			<financialsSecuritizationDate>12-31-2024</financialsSecuritizationDate>
			<revenueSecuritizationAmount>1245359.00000000</revenueSecuritizationAmount>
			<operatingExpensesSecuritizationAmount>311340.00000000</operatingExpensesSecuritizationAmount>
			<netOperatingIncomeSecuritizationAmount>934019.00000000</netOperatingIncomeSecuritizationAmount>
			<netCashFlowFlowSecuritizationAmount>908747.00000000</netCashFlowFlowSecuritizationAmount>
			<netOperatingIncomeNetCashFlowSecuritizationCode>UW</netOperatingIncomeNetCashFlowSecuritizationCode>
			<netOperatingIncomeNetCashFlowCode>CREFC</netOperatingIncomeNetCashFlowCode>
			<debtServiceCoverageNetOperatingIncomeSecuritizationPercentage>1.30000000</debtServiceCoverageNetOperatingIncomeSecuritizationPercentage>
			<debtServiceCoverageNetCashFlowSecuritizationPercentage>1.26000000</debtServiceCoverageNetCashFlowSecuritizationPercentage>
			<debtServiceCoverageSecuritizationCode>F</debtServiceCoverageSecuritizationCode>
		</property>
		<assetAddedIndicator>false</assetAddedIndicator>
		<reportPeriodModificationIndicator>false</reportPeriodModificationIndicator>
		<reportPeriodBeginningScheduleLoanBalanceAmount>8684065.78000000</reportPeriodBeginningScheduleLoanBalanceAmount>
		<totalScheduledPrincipalInterestDueAmount>59939.36000000</totalScheduledPrincipalInterestDueAmount>
		<reportPeriodInterestRatePercentage>.07315000</reportPeriodInterestRatePercentage>
		<servicerTrusteeFeeRatePercentage>.00016970</servicerTrusteeFeeRatePercentage>
		<scheduledInterestAmount>49407.51000000</scheduledInterestAmount>
		<scheduledPrincipalAmount>10531.85000000</scheduledPrincipalAmount>
		<otherPrincipalAdjustmentAmount>.00000000</otherPrincipalAdjustmentAmount>
		<reportPeriodEndActualBalanceAmount>8673533.93000000</reportPeriodEndActualBalanceAmount>
		<reportPeriodEndScheduledLoanBalanceAmount>8673533.93000000</reportPeriodEndScheduledLoanBalanceAmount>
		<paidThroughDate>03-01-2026</paidThroughDate>
		<servicingAdvanceMethodCode>1</servicingAdvanceMethodCode>
		<nonRecoverabilityIndicator>false</nonRecoverabilityIndicator>
		<totalPrincipalInterestAdvancedOutstandingAmount>.00000000</totalPrincipalInterestAdvancedOutstandingAmount>
		<totalTaxesInsuranceAdvancesOutstandingAmount>.00000000</totalTaxesInsuranceAdvancesOutstandingAmount>
		<otherExpensesAdvancedOutstandingAmount>.00000000</otherExpensesAdvancedOutstandingAmount>
		<paymentStatusLoanCode>0</paymentStatusLoanCode>
		<primaryServicerName>Midland</primaryServicerName>
		<assetSubjectDemandIndicator>false</assetSubjectDemandIndicator>
		<prepaymentPremiumYieldMaintenanceReceivedAmount>.00000000</prepaymentPremiumYieldMaintenanceReceivedAmount>
	</assets>
	<assets>
		<assetTypeNumber>Prospectus Loan ID</assetTypeNumber>
		<assetNumber>26</assetNumber>
		<GroupID>1</GroupID>
		<reportingPeriodBeginningDate>02-12-2026</reportingPeriodBeginningDate>
		<reportingPeriodEndDate>03-11-2026</reportingPeriodEndDate>
		<originatorName>German American Capital Corporation</originatorName>
		<originationDate>06-20-2025</originationDate>
		<originalLoanAmount>8650000.00000000</originalLoanAmount>
		<originalTermLoanNumber>120</originalTermLoanNumber>
		<maturityDate>07-06-2035</maturityDate>
		<originalAmortizationTermNumber>0</originalAmortizationTermNumber>
		<originalInterestRatePercentage>.06680000</originalInterestRatePercentage>
		<interestRateSecuritizationPercentage>.06680000</interestRateSecuritizationPercentage>
		<interestAccrualMethodCode>3</interestAccrualMethodCode>
		<originalInterestRateTypeCode>1</originalInterestRateTypeCode>
		<originalInterestOnlyTermNumber>120</originalInterestOnlyTermNumber>
		<firstLoanPaymentDueDate>08-06-2025</firstLoanPaymentDueDate>
		<underwritingIndicator>true</underwritingIndicator>
		<lienPositionSecuritizationCode>1</lienPositionSecuritizationCode>
		<loanStructureCode>WL</loanStructureCode>
		<paymentTypeCode>3</paymentTypeCode>
		<periodicPrincipalAndInterestPaymentSecuritizationAmount>.00000000</periodicPrincipalAndInterestPaymentSecuritizationAmount>
		<scheduledPrincipalBalanceSecuritizationAmount>8650000.00000000</scheduledPrincipalBalanceSecuritizationAmount>
		<paymentFrequencyCode>1</paymentFrequencyCode>
		<NumberPropertiesSecuritization>1</NumberPropertiesSecuritization>
		<NumberProperties>1</NumberProperties>
		<graceDaysAllowedNumber>0</graceDaysAllowedNumber>
		<interestOnlyIndicator>true</interestOnlyIndicator>
		<balloonIndicator>true</balloonIndicator>
		<prepaymentPremiumIndicator>false</prepaymentPremiumIndicator>
		<negativeAmortizationIndicator>false</negativeAmortizationIndicator>
		<modifiedIndicator>false</modifiedIndicator>
		<prepaymentLockOutEndDate>03-05-2035</prepaymentLockOutEndDate>
		<deferredInterestCumulativeAmount>.00000000</deferredInterestCumulativeAmount>
		<deferredInterestCollectedAmount>.00000000</deferredInterestCollectedAmount>
		<property>
			<propertyName>87th Street Retail</propertyName>
			<propertyAddress>111-125 W 87th Street</propertyAddress>
			<propertyCity>Chicago</propertyCity>
			<propertyState>IL</propertyState>
			<propertyZip>60620</propertyZip>
			<propertyCounty>Cook</propertyCounty>
			<propertyTypeCode>RT</propertyTypeCode>
			<netRentableSquareFeetNumber>123175</netRentableSquareFeetNumber>
			<netRentableSquareFeetSecuritizationNumber>123175</netRentableSquareFeetSecuritizationNumber>
			<yearBuiltNumber>1974</yearBuiltNumber>
			<yearLastRenovated>2021</yearLastRenovated>
			<valuationSecuritizationAmount>13900000.00000000</valuationSecuritizationAmount>
			<valuationSourceSecuritizationCode>MAI</valuationSourceSecuritizationCode>
			<valuationSecuritizationDate>01-07-2025</valuationSecuritizationDate>
			<mostRecentValuationAmount>13900000.00000000</mostRecentValuationAmount>
			<mostRecentValuationDate>01-07-2025</mostRecentValuationDate>
			<mostRecentValuationSourceCode>MAI</mostRecentValuationSourceCode>
			<physicalOccupancySecuritizationPercentage>1.00000000</physicalOccupancySecuritizationPercentage>
			<propertyStatusCode>6</propertyStatusCode>
			<defeasanceOptionStartDate>08-06-2027</defeasanceOptionStartDate>
			<DefeasedStatusCode>N</DefeasedStatusCode>
			<largestTenant>Floor and Decor</largestTenant>
			<squareFeetLargestTenantNumber>75599</squareFeetLargestTenantNumber>
			<leaseExpirationLargestTenantDate>03-31-2032</leaseExpirationLargestTenantDate>
			<secondLargestTenant>Rainbow Shops #287</secondLargestTenant>
			<squareFeetSecondLargestTenantNumber>13770</squareFeetSecondLargestTenantNumber>
			<leaseExpirationSecondLargestTenantDate>01-31-2031</leaseExpirationSecondLargestTenantDate>
			<thirdLargestTenant>Beauty One</thirdLargestTenant>
			<squareFeetThirdLargestTenantNumber>12618</squareFeetThirdLargestTenantNumber>
			<leaseExpirationThirdLargestTenantDate>02-28-2031</leaseExpirationThirdLargestTenantDate>
			<financialsSecuritizationDate>12-31-2024</financialsSecuritizationDate>
			<revenueSecuritizationAmount>2531696.00000000</revenueSecuritizationAmount>
			<operatingExpensesSecuritizationAmount>1399248.00000000</operatingExpensesSecuritizationAmount>
			<netOperatingIncomeSecuritizationAmount>1132448.00000000</netOperatingIncomeSecuritizationAmount>
			<netCashFlowFlowSecuritizationAmount>1021590.00000000</netCashFlowFlowSecuritizationAmount>
			<netOperatingIncomeNetCashFlowSecuritizationCode>UW</netOperatingIncomeNetCashFlowSecuritizationCode>
			<netOperatingIncomeNetCashFlowCode>CREFC</netOperatingIncomeNetCashFlowCode>
			<debtServiceCoverageNetOperatingIncomeSecuritizationPercentage>1.93000000</debtServiceCoverageNetOperatingIncomeSecuritizationPercentage>
			<debtServiceCoverageNetCashFlowSecuritizationPercentage>1.74000000</debtServiceCoverageNetCashFlowSecuritizationPercentage>
			<debtServiceCoverageSecuritizationCode>F</debtServiceCoverageSecuritizationCode>
			<mostRecentAnnualLeaseRolloverReviewDate>12-31-2025</mostRecentAnnualLeaseRolloverReviewDate>
		</property>
		<assetAddedIndicator>false</assetAddedIndicator>
		<reportPeriodModificationIndicator>false</reportPeriodModificationIndicator>
		<reportPeriodBeginningScheduleLoanBalanceAmount>8650000.00000000</reportPeriodBeginningScheduleLoanBalanceAmount>
		<totalScheduledPrincipalInterestDueAmount>44941.56000000</totalScheduledPrincipalInterestDueAmount>
		<reportPeriodInterestRatePercentage>.06680000</reportPeriodInterestRatePercentage>
		<servicerTrusteeFeeRatePercentage>.00016970</servicerTrusteeFeeRatePercentage>
		<scheduledInterestAmount>44941.56000000</scheduledInterestAmount>
		<scheduledPrincipalAmount>.00000000</scheduledPrincipalAmount>
		<otherPrincipalAdjustmentAmount>.00000000</otherPrincipalAdjustmentAmount>
		<reportPeriodEndActualBalanceAmount>8650000.00000000</reportPeriodEndActualBalanceAmount>
		<reportPeriodEndScheduledLoanBalanceAmount>8650000.00000000</reportPeriodEndScheduledLoanBalanceAmount>
		<paidThroughDate>03-06-2026</paidThroughDate>
		<servicingAdvanceMethodCode>1</servicingAdvanceMethodCode>
		<nonRecoverabilityIndicator>false</nonRecoverabilityIndicator>
		<totalPrincipalInterestAdvancedOutstandingAmount>.00000000</totalPrincipalInterestAdvancedOutstandingAmount>
		<totalTaxesInsuranceAdvancesOutstandingAmount>.00000000</totalTaxesInsuranceAdvancesOutstandingAmount>
		<otherExpensesAdvancedOutstandingAmount>.00000000</otherExpensesAdvancedOutstandingAmount>
		<paymentStatusLoanCode>0</paymentStatusLoanCode>
		<primaryServicerName>Midland</primaryServicerName>
		<assetSubjectDemandIndicator>false</assetSubjectDemandIndicator>
		<prepaymentPremiumYieldMaintenanceReceivedAmount>.00000000</prepaymentPremiumYieldMaintenanceReceivedAmount>
	</assets>
	<assets>
		<assetTypeNumber>Prospectus Loan ID</assetTypeNumber>
		<assetNumber>27</assetNumber>
		<GroupID>1</GroupID>
		<reportingPeriodBeginningDate>02-12-2026</reportingPeriodBeginningDate>
		<reportingPeriodEndDate>03-11-2026</reportingPeriodEndDate>
		<originatorName>Societe Generale Financial Corporation</originatorName>
		<originationDate>05-20-2025</originationDate>
		<originalLoanAmount>8210000.00000000</originalLoanAmount>
		<originalTermLoanNumber>120</originalTermLoanNumber>
		<maturityDate>06-01-2035</maturityDate>
		<originalAmortizationTermNumber>360</originalAmortizationTermNumber>
		<originalInterestRatePercentage>.07249000</originalInterestRatePercentage>
		<interestRateSecuritizationPercentage>.07249000</interestRateSecuritizationPercentage>
		<interestAccrualMethodCode>3</interestAccrualMethodCode>
		<originalInterestRateTypeCode>1</originalInterestRateTypeCode>
		<originalInterestOnlyTermNumber>0</originalInterestOnlyTermNumber>
		<firstLoanPaymentDueDate>07-01-2025</firstLoanPaymentDueDate>
		<underwritingIndicator>true</underwritingIndicator>
		<lienPositionSecuritizationCode>1</lienPositionSecuritizationCode>
		<loanStructureCode>WL</loanStructureCode>
		<paymentTypeCode>2</paymentTypeCode>
		<periodicPrincipalAndInterestPaymentSecuritizationAmount>56001.10000000</periodicPrincipalAndInterestPaymentSecuritizationAmount>
		<scheduledPrincipalBalanceSecuritizationAmount>8203594.14000000</scheduledPrincipalBalanceSecuritizationAmount>
		<paymentFrequencyCode>1</paymentFrequencyCode>
		<NumberPropertiesSecuritization>1</NumberPropertiesSecuritization>
		<NumberProperties>1</NumberProperties>
		<graceDaysAllowedNumber>5</graceDaysAllowedNumber>
		<interestOnlyIndicator>false</interestOnlyIndicator>
		<balloonIndicator>true</balloonIndicator>
		<prepaymentPremiumIndicator>true</prepaymentPremiumIndicator>
		<negativeAmortizationIndicator>false</negativeAmortizationIndicator>
		<modifiedIndicator>false</modifiedIndicator>
		<prepaymentLockOutEndDate>05-31-2028</prepaymentLockOutEndDate>
		<yieldMaintenanceEndDate>02-28-2035</yieldMaintenanceEndDate>
		<prepaymentPremiumsEndDate>02-28-2035</prepaymentPremiumsEndDate>
		<deferredInterestCumulativeAmount>.00000000</deferredInterestCumulativeAmount>
		<deferredInterestCollectedAmount>.00000000</deferredInterestCollectedAmount>
		<property>
			<propertyName>Silver Swan Portfolio</propertyName>
			<propertyAddress>5267 N 90th Street</propertyAddress>
			<propertyCity>Milwaukee</propertyCity>
			<propertyState>WI</propertyState>
			<propertyZip>53225</propertyZip>
			<propertyCounty>Milwaukee</propertyCounty>
			<propertyTypeCode>MF</propertyTypeCode>
			<unitsBedsRoomsNumber>74</unitsBedsRoomsNumber>
			<unitsBedsRoomsSecuritizationNumber>74</unitsBedsRoomsSecuritizationNumber>
			<yearBuiltNumber>1957</yearBuiltNumber>
			<yearLastRenovated>2012</yearLastRenovated>
			<valuationSecuritizationAmount>14100000.00000000</valuationSecuritizationAmount>
			<valuationSourceSecuritizationCode>MAI</valuationSourceSecuritizationCode>
			<valuationSecuritizationDate>04-24-2025</valuationSecuritizationDate>
			<mostRecentValuationAmount>14100000.00000000</mostRecentValuationAmount>
			<mostRecentValuationDate>04-24-2025</mostRecentValuationDate>
			<mostRecentValuationSourceCode>MAI</mostRecentValuationSourceCode>
			<physicalOccupancySecuritizationPercentage>1.00000000</physicalOccupancySecuritizationPercentage>
			<propertyStatusCode>6</propertyStatusCode>
			<DefeasedStatusCode>X</DefeasedStatusCode>
			<financialsSecuritizationDate>03-31-2025</financialsSecuritizationDate>
			<revenueSecuritizationAmount>1208401.00000000</revenueSecuritizationAmount>
			<operatingExpensesSecuritizationAmount>328768.00000000</operatingExpensesSecuritizationAmount>
			<netOperatingIncomeSecuritizationAmount>879633.00000000</netOperatingIncomeSecuritizationAmount>
			<netCashFlowFlowSecuritizationAmount>856175.00000000</netCashFlowFlowSecuritizationAmount>
			<netOperatingIncomeNetCashFlowSecuritizationCode>UW</netOperatingIncomeNetCashFlowSecuritizationCode>
			<netOperatingIncomeNetCashFlowCode>CREFC</netOperatingIncomeNetCashFlowCode>
			<debtServiceCoverageNetOperatingIncomeSecuritizationPercentage>1.31000000</debtServiceCoverageNetOperatingIncomeSecuritizationPercentage>
			<debtServiceCoverageNetCashFlowSecuritizationPercentage>1.27000000</debtServiceCoverageNetCashFlowSecuritizationPercentage>
			<debtServiceCoverageSecuritizationCode>F</debtServiceCoverageSecuritizationCode>
		</property>
		<assetAddedIndicator>false</assetAddedIndicator>
		<reportPeriodModificationIndicator>false</reportPeriodModificationIndicator>
		<reportPeriodBeginningScheduleLoanBalanceAmount>8166050.79000000</reportPeriodBeginningScheduleLoanBalanceAmount>
		<totalScheduledPrincipalInterestDueAmount>56001.10000000</totalScheduledPrincipalInterestDueAmount>
		<reportPeriodInterestRatePercentage>.07249000</reportPeriodInterestRatePercentage>
		<servicerTrusteeFeeRatePercentage>.00016970</servicerTrusteeFeeRatePercentage>
		<scheduledInterestAmount>46041.10000000</scheduledInterestAmount>
		<scheduledPrincipalAmount>9960.00000000</scheduledPrincipalAmount>
		<otherPrincipalAdjustmentAmount>.00000000</otherPrincipalAdjustmentAmount>
		<reportPeriodEndActualBalanceAmount>8156090.79000000</reportPeriodEndActualBalanceAmount>
		<reportPeriodEndScheduledLoanBalanceAmount>8156090.79000000</reportPeriodEndScheduledLoanBalanceAmount>
		<paidThroughDate>03-01-2026</paidThroughDate>
		<servicingAdvanceMethodCode>1</servicingAdvanceMethodCode>
		<nonRecoverabilityIndicator>false</nonRecoverabilityIndicator>
		<totalPrincipalInterestAdvancedOutstandingAmount>.00000000</totalPrincipalInterestAdvancedOutstandingAmount>
		<totalTaxesInsuranceAdvancesOutstandingAmount>.00000000</totalTaxesInsuranceAdvancesOutstandingAmount>
		<otherExpensesAdvancedOutstandingAmount>.00000000</otherExpensesAdvancedOutstandingAmount>
		<paymentStatusLoanCode>0</paymentStatusLoanCode>
		<primaryServicerName>Midland</primaryServicerName>
		<assetSubjectDemandIndicator>false</assetSubjectDemandIndicator>
		<prepaymentPremiumYieldMaintenanceReceivedAmount>.00000000</prepaymentPremiumYieldMaintenanceReceivedAmount>
	</assets>
	<assets>
		<assetTypeNumber>Prospectus Loan ID</assetTypeNumber>
		<assetNumber>28</assetNumber>
		<GroupID>1</GroupID>
		<reportingPeriodBeginningDate>02-12-2026</reportingPeriodBeginningDate>
		<reportingPeriodEndDate>03-11-2026</reportingPeriodEndDate>
		<originatorName>Societe Generale Financial Corporation</originatorName>
		<originationDate>05-08-2025</originationDate>
		<originalLoanAmount>7140000.00000000</originalLoanAmount>
		<originalTermLoanNumber>120</originalTermLoanNumber>
		<maturityDate>06-01-2035</maturityDate>
		<originalAmortizationTermNumber>360</originalAmortizationTermNumber>
		<originalInterestRatePercentage>.07171000</originalInterestRatePercentage>
		<interestRateSecuritizationPercentage>.07171000</interestRateSecuritizationPercentage>
		<interestAccrualMethodCode>3</interestAccrualMethodCode>
		<originalInterestRateTypeCode>1</originalInterestRateTypeCode>
		<originalInterestOnlyTermNumber>0</originalInterestOnlyTermNumber>
		<firstLoanPaymentDueDate>07-01-2025</firstLoanPaymentDueDate>
		<underwritingIndicator>true</underwritingIndicator>
		<lienPositionSecuritizationCode>1</lienPositionSecuritizationCode>
		<loanStructureCode>WL</loanStructureCode>
		<paymentTypeCode>2</paymentTypeCode>
		<periodicPrincipalAndInterestPaymentSecuritizationAmount>48325.39000000</periodicPrincipalAndInterestPaymentSecuritizationAmount>
		<scheduledPrincipalBalanceSecuritizationAmount>7134342.06000000</scheduledPrincipalBalanceSecuritizationAmount>
		<paymentFrequencyCode>1</paymentFrequencyCode>
		<NumberPropertiesSecuritization>1</NumberPropertiesSecuritization>
		<NumberProperties>1</NumberProperties>
		<graceDaysAllowedNumber>5</graceDaysAllowedNumber>
		<interestOnlyIndicator>false</interestOnlyIndicator>
		<balloonIndicator>true</balloonIndicator>
		<prepaymentPremiumIndicator>true</prepaymentPremiumIndicator>
		<negativeAmortizationIndicator>false</negativeAmortizationIndicator>
		<modifiedIndicator>false</modifiedIndicator>
		<prepaymentLockOutEndDate>05-31-2028</prepaymentLockOutEndDate>
		<yieldMaintenanceEndDate>02-28-2035</yieldMaintenanceEndDate>
		<prepaymentPremiumsEndDate>02-28-2035</prepaymentPremiumsEndDate>
		<deferredInterestCumulativeAmount>.00000000</deferredInterestCumulativeAmount>
		<deferredInterestCollectedAmount>.00000000</deferredInterestCollectedAmount>
		<property>
			<propertyName>2839 W Atkinson</propertyName>
			<propertyAddress>2839 W Atkinson Ave</propertyAddress>
			<propertyCity>Milwaukee</propertyCity>
			<propertyState>WI</propertyState>
			<propertyZip>53209</propertyZip>
			<propertyCounty>Milwaukee</propertyCounty>
			<propertyTypeCode>MF</propertyTypeCode>
			<unitsBedsRoomsNumber>68</unitsBedsRoomsNumber>
			<unitsBedsRoomsSecuritizationNumber>68</unitsBedsRoomsSecuritizationNumber>
			<yearBuiltNumber>1928</yearBuiltNumber>
			<yearLastRenovated>2023</yearLastRenovated>
			<valuationSecuritizationAmount>12100000.00000000</valuationSecuritizationAmount>
			<valuationSourceSecuritizationCode>MAI</valuationSourceSecuritizationCode>
			<valuationSecuritizationDate>04-11-2025</valuationSecuritizationDate>
			<mostRecentValuationAmount>12100000.00000000</mostRecentValuationAmount>
			<mostRecentValuationDate>04-11-2025</mostRecentValuationDate>
			<mostRecentValuationSourceCode>MAI</mostRecentValuationSourceCode>
			<physicalOccupancySecuritizationPercentage>1.00000000</physicalOccupancySecuritizationPercentage>
			<propertyStatusCode>6</propertyStatusCode>
			<DefeasedStatusCode>X</DefeasedStatusCode>
			<financialsSecuritizationDate>03-31-2025</financialsSecuritizationDate>
			<revenueSecuritizationAmount>1000438.00000000</revenueSecuritizationAmount>
			<operatingExpensesSecuritizationAmount>255201.00000000</operatingExpensesSecuritizationAmount>
			<netOperatingIncomeSecuritizationAmount>745237.00000000</netOperatingIncomeSecuritizationAmount>
			<netCashFlowFlowSecuritizationAmount>726741.00000000</netCashFlowFlowSecuritizationAmount>
			<netOperatingIncomeNetCashFlowSecuritizationCode>UW</netOperatingIncomeNetCashFlowSecuritizationCode>
			<netOperatingIncomeNetCashFlowCode>CREFC</netOperatingIncomeNetCashFlowCode>
			<debtServiceCoverageNetOperatingIncomeSecuritizationPercentage>1.29000000</debtServiceCoverageNetOperatingIncomeSecuritizationPercentage>
			<debtServiceCoverageNetCashFlowSecuritizationPercentage>1.25000000</debtServiceCoverageNetCashFlowSecuritizationPercentage>
			<debtServiceCoverageSecuritizationCode>F</debtServiceCoverageSecuritizationCode>
		</property>
		<assetAddedIndicator>false</assetAddedIndicator>
		<reportPeriodModificationIndicator>false</reportPeriodModificationIndicator>
		<reportPeriodBeginningScheduleLoanBalanceAmount>7100998.36000000</reportPeriodBeginningScheduleLoanBalanceAmount>
		<totalScheduledPrincipalInterestDueAmount>48325.39000000</totalScheduledPrincipalInterestDueAmount>
		<reportPeriodInterestRatePercentage>.07171000</reportPeriodInterestRatePercentage>
		<servicerTrusteeFeeRatePercentage>.00016970</servicerTrusteeFeeRatePercentage>
		<scheduledInterestAmount>39605.42000000</scheduledInterestAmount>
		<scheduledPrincipalAmount>8719.97000000</scheduledPrincipalAmount>
		<otherPrincipalAdjustmentAmount>.00000000</otherPrincipalAdjustmentAmount>
		<reportPeriodEndActualBalanceAmount>7092278.39000000</reportPeriodEndActualBalanceAmount>
		<reportPeriodEndScheduledLoanBalanceAmount>7092278.39000000</reportPeriodEndScheduledLoanBalanceAmount>
		<paidThroughDate>03-01-2026</paidThroughDate>
		<servicingAdvanceMethodCode>1</servicingAdvanceMethodCode>
		<nonRecoverabilityIndicator>false</nonRecoverabilityIndicator>
		<totalPrincipalInterestAdvancedOutstandingAmount>.00000000</totalPrincipalInterestAdvancedOutstandingAmount>
		<totalTaxesInsuranceAdvancesOutstandingAmount>.00000000</totalTaxesInsuranceAdvancesOutstandingAmount>
		<otherExpensesAdvancedOutstandingAmount>.00000000</otherExpensesAdvancedOutstandingAmount>
		<paymentStatusLoanCode>0</paymentStatusLoanCode>
		<primaryServicerName>Midland</primaryServicerName>
		<assetSubjectDemandIndicator>false</assetSubjectDemandIndicator>
		<prepaymentPremiumYieldMaintenanceReceivedAmount>.00000000</prepaymentPremiumYieldMaintenanceReceivedAmount>
	</assets>
	<assets>
		<assetTypeNumber>Prospectus Loan ID</assetTypeNumber>
		<assetNumber>29</assetNumber>
		<GroupID>1</GroupID>
		<reportingPeriodBeginningDate>02-12-2026</reportingPeriodBeginningDate>
		<reportingPeriodEndDate>03-11-2026</reportingPeriodEndDate>
		<originatorName>LMF Commercial, LLC</originatorName>
		<originationDate>05-29-2025</originationDate>
		<originalLoanAmount>5650000.00000000</originalLoanAmount>
		<originalTermLoanNumber>120</originalTermLoanNumber>
		<maturityDate>06-06-2035</maturityDate>
		<originalAmortizationTermNumber>360</originalAmortizationTermNumber>
		<originalInterestRatePercentage>.06850000</originalInterestRatePercentage>
		<interestRateSecuritizationPercentage>.06850000</interestRateSecuritizationPercentage>
		<interestAccrualMethodCode>3</interestAccrualMethodCode>
		<originalInterestRateTypeCode>1</originalInterestRateTypeCode>
		<originalInterestOnlyTermNumber>24</originalInterestOnlyTermNumber>
		<firstLoanPaymentDueDate>07-06-2025</firstLoanPaymentDueDate>
		<underwritingIndicator>true</underwritingIndicator>
		<lienPositionSecuritizationCode>1</lienPositionSecuritizationCode>
		<loanStructureCode>WL</loanStructureCode>
		<paymentTypeCode>5</paymentTypeCode>
		<periodicPrincipalAndInterestPaymentSecuritizationAmount>32252.08000000</periodicPrincipalAndInterestPaymentSecuritizationAmount>
		<scheduledPrincipalBalanceSecuritizationAmount>5650000.00000000</scheduledPrincipalBalanceSecuritizationAmount>
		<paymentFrequencyCode>1</paymentFrequencyCode>
		<NumberPropertiesSecuritization>1</NumberPropertiesSecuritization>
		<NumberProperties>1</NumberProperties>
		<graceDaysAllowedNumber>0</graceDaysAllowedNumber>
		<interestOnlyIndicator>true</interestOnlyIndicator>
		<balloonIndicator>true</balloonIndicator>
		<prepaymentPremiumIndicator>false</prepaymentPremiumIndicator>
		<negativeAmortizationIndicator>false</negativeAmortizationIndicator>
		<modifiedIndicator>false</modifiedIndicator>
		<prepaymentLockOutEndDate>12-05-2034</prepaymentLockOutEndDate>
		<deferredInterestCumulativeAmount>.00000000</deferredInterestCumulativeAmount>
		<deferredInterestCollectedAmount>.00000000</deferredInterestCollectedAmount>
		<property>
			<propertyName>Lindham Court</propertyName>
			<propertyAddress>1101 Lindham Court</propertyAddress>
			<propertyCity>Mechanicsburg</propertyCity>
			<propertyState>PA</propertyState>
			<propertyZip>17055</propertyZip>
			<propertyCounty>Cumberland</propertyCounty>
			<propertyTypeCode>MF</propertyTypeCode>
			<unitsBedsRoomsNumber>96</unitsBedsRoomsNumber>
			<unitsBedsRoomsSecuritizationNumber>96</unitsBedsRoomsSecuritizationNumber>
			<yearBuiltNumber>1988</yearBuiltNumber>
			<valuationSecuritizationAmount>15170000.00000000</valuationSecuritizationAmount>
			<valuationSourceSecuritizationCode>MAI</valuationSourceSecuritizationCode>
			<valuationSecuritizationDate>03-24-2025</valuationSecuritizationDate>
			<mostRecentValuationAmount>15170000.00000000</mostRecentValuationAmount>
			<mostRecentValuationDate>03-24-2025</mostRecentValuationDate>
			<mostRecentValuationSourceCode>MAI</mostRecentValuationSourceCode>
			<physicalOccupancySecuritizationPercentage>.99000000</physicalOccupancySecuritizationPercentage>
			<propertyStatusCode>6</propertyStatusCode>
			<defeasanceOptionStartDate>08-06-2027</defeasanceOptionStartDate>
			<DefeasedStatusCode>N</DefeasedStatusCode>
			<financialsSecuritizationDate>04-30-2025</financialsSecuritizationDate>
			<mostRecentFinancialsStartDate>01-01-2025</mostRecentFinancialsStartDate>
			<mostRecentFinancialsEndDate>12-31-2025</mostRecentFinancialsEndDate>
			<revenueSecuritizationAmount>1259729.00000000</revenueSecuritizationAmount>
			<mostRecentRevenueAmount>1363758.88000000</mostRecentRevenueAmount>
			<operatingExpensesSecuritizationAmount>498454.00000000</operatingExpensesSecuritizationAmount>
			<operatingExpensesAmount>882844.97000000</operatingExpensesAmount>
			<netOperatingIncomeSecuritizationAmount>761275.00000000</netOperatingIncomeSecuritizationAmount>
			<mostRecentNetOperatingIncomeAmount>480913.91000000</mostRecentNetOperatingIncomeAmount>
			<netCashFlowFlowSecuritizationAmount>732667.00000000</netCashFlowFlowSecuritizationAmount>
			<mostRecentNetCashFlowAmount>452305.91000000</mostRecentNetCashFlowAmount>
			<netOperatingIncomeNetCashFlowSecuritizationCode>UW</netOperatingIncomeNetCashFlowSecuritizationCode>
			<netOperatingIncomeNetCashFlowCode>CREFC</netOperatingIncomeNetCashFlowCode>
			<mostRecentDebtServiceAmount>392400.31000000</mostRecentDebtServiceAmount>
			<debtServiceCoverageNetOperatingIncomeSecuritizationPercentage>1.71000000</debtServiceCoverageNetOperatingIncomeSecuritizationPercentage>
			<mostRecentDebtServiceCoverageNetOperatingIncomePercentage>1.22560000</mostRecentDebtServiceCoverageNetOperatingIncomePercentage>
			<debtServiceCoverageNetCashFlowSecuritizationPercentage>1.65000000</debtServiceCoverageNetCashFlowSecuritizationPercentage>
			<mostRecentDebtServiceCoverageNetCashFlowpercentage>1.15270000</mostRecentDebtServiceCoverageNetCashFlowpercentage>
			<debtServiceCoverageSecuritizationCode>F</debtServiceCoverageSecuritizationCode>
			<mostRecentDebtServiceCoverageCode>F</mostRecentDebtServiceCoverageCode>
		</property>
		<assetAddedIndicator>false</assetAddedIndicator>
		<reportPeriodModificationIndicator>false</reportPeriodModificationIndicator>
		<reportPeriodBeginningScheduleLoanBalanceAmount>5650000.00000000</reportPeriodBeginningScheduleLoanBalanceAmount>
		<totalScheduledPrincipalInterestDueAmount>30101.94000000</totalScheduledPrincipalInterestDueAmount>
		<reportPeriodInterestRatePercentage>.06850000</reportPeriodInterestRatePercentage>
		<servicerTrusteeFeeRatePercentage>.00016970</servicerTrusteeFeeRatePercentage>
		<scheduledInterestAmount>30101.94000000</scheduledInterestAmount>
		<scheduledPrincipalAmount>.00000000</scheduledPrincipalAmount>
		<otherPrincipalAdjustmentAmount>.00000000</otherPrincipalAdjustmentAmount>
		<reportPeriodEndActualBalanceAmount>5650000.00000000</reportPeriodEndActualBalanceAmount>
		<reportPeriodEndScheduledLoanBalanceAmount>5650000.00000000</reportPeriodEndScheduledLoanBalanceAmount>
		<paidThroughDate>03-06-2026</paidThroughDate>
		<servicingAdvanceMethodCode>1</servicingAdvanceMethodCode>
		<nonRecoverabilityIndicator>false</nonRecoverabilityIndicator>
		<totalPrincipalInterestAdvancedOutstandingAmount>.00000000</totalPrincipalInterestAdvancedOutstandingAmount>
		<totalTaxesInsuranceAdvancesOutstandingAmount>.00000000</totalTaxesInsuranceAdvancesOutstandingAmount>
		<otherExpensesAdvancedOutstandingAmount>.00000000</otherExpensesAdvancedOutstandingAmount>
		<paymentStatusLoanCode>0</paymentStatusLoanCode>
		<primaryServicerName>Midland</primaryServicerName>
		<assetSubjectDemandIndicator>false</assetSubjectDemandIndicator>
		<prepaymentPremiumYieldMaintenanceReceivedAmount>.00000000</prepaymentPremiumYieldMaintenanceReceivedAmount>
	</assets>
	<assets>
		<assetTypeNumber>Prospectus Loan ID</assetTypeNumber>
		<assetNumber>30</assetNumber>
		<GroupID>1</GroupID>
		<reportingPeriodBeginningDate>02-12-2026</reportingPeriodBeginningDate>
		<reportingPeriodEndDate>03-11-2026</reportingPeriodEndDate>
		<originatorName>Barclays Capital Real Estate Inc.</originatorName>
		<originationDate>06-26-2025</originationDate>
		<originalLoanAmount>5500000.00000000</originalLoanAmount>
		<originalTermLoanNumber>120</originalTermLoanNumber>
		<maturityDate>07-06-2035</maturityDate>
		<originalAmortizationTermNumber>0</originalAmortizationTermNumber>
		<originalInterestRatePercentage>.07400000</originalInterestRatePercentage>
		<interestRateSecuritizationPercentage>.07400000</interestRateSecuritizationPercentage>
		<interestAccrualMethodCode>3</interestAccrualMethodCode>
		<originalInterestRateTypeCode>1</originalInterestRateTypeCode>
		<originalInterestOnlyTermNumber>120</originalInterestOnlyTermNumber>
		<firstLoanPaymentDueDate>08-06-2025</firstLoanPaymentDueDate>
		<underwritingIndicator>true</underwritingIndicator>
		<lienPositionSecuritizationCode>1</lienPositionSecuritizationCode>
		<loanStructureCode>WL</loanStructureCode>
		<paymentTypeCode>3</paymentTypeCode>
		<periodicPrincipalAndInterestPaymentSecuritizationAmount>.00000000</periodicPrincipalAndInterestPaymentSecuritizationAmount>
		<scheduledPrincipalBalanceSecuritizationAmount>5500000.00000000</scheduledPrincipalBalanceSecuritizationAmount>
		<paymentFrequencyCode>1</paymentFrequencyCode>
		<NumberPropertiesSecuritization>1</NumberPropertiesSecuritization>
		<NumberProperties>1</NumberProperties>
		<graceDaysAllowedNumber>0</graceDaysAllowedNumber>
		<interestOnlyIndicator>true</interestOnlyIndicator>
		<balloonIndicator>true</balloonIndicator>
		<prepaymentPremiumIndicator>false</prepaymentPremiumIndicator>
		<negativeAmortizationIndicator>false</negativeAmortizationIndicator>
		<modifiedIndicator>false</modifiedIndicator>
		<prepaymentLockOutEndDate>04-05-2035</prepaymentLockOutEndDate>
		<deferredInterestCumulativeAmount>.00000000</deferredInterestCumulativeAmount>
		<deferredInterestCollectedAmount>.00000000</deferredInterestCollectedAmount>
		<property>
			<propertyName>FedEx Ground Alexandria</propertyName>
			<propertyAddress>530 Vandenburg Drive</propertyAddress>
			<propertyCity>Alexandria</propertyCity>
			<propertyState>LA</propertyState>
			<propertyZip>71303</propertyZip>
			<propertyCounty>Rapides Parish</propertyCounty>
			<propertyTypeCode>WH</propertyTypeCode>
			<netRentableSquareFeetNumber>83443</netRentableSquareFeetNumber>
			<netRentableSquareFeetSecuritizationNumber>83443</netRentableSquareFeetSecuritizationNumber>
			<yearBuiltNumber>2015</yearBuiltNumber>
			<valuationSecuritizationAmount>10000000.00000000</valuationSecuritizationAmount>
			<valuationSourceSecuritizationCode>MAI</valuationSourceSecuritizationCode>
			<valuationSecuritizationDate>05-23-2025</valuationSecuritizationDate>
			<mostRecentValuationAmount>10000000.00000000</mostRecentValuationAmount>
			<mostRecentValuationDate>05-23-2025</mostRecentValuationDate>
			<mostRecentValuationSourceCode>MAI</mostRecentValuationSourceCode>
			<physicalOccupancySecuritizationPercentage>1.00000000</physicalOccupancySecuritizationPercentage>
			<mostRecentPhysicalOccupancyPercentage>1.00000000</mostRecentPhysicalOccupancyPercentage>
			<propertyStatusCode>6</propertyStatusCode>
			<defeasanceOptionStartDate>08-06-2027</defeasanceOptionStartDate>
			<DefeasedStatusCode>N</DefeasedStatusCode>
			<largestTenant>FedEx Ground Package System, Inc</largestTenant>
			<squareFeetLargestTenantNumber>83443</squareFeetLargestTenantNumber>
			<leaseExpirationLargestTenantDate>05-30-2030</leaseExpirationLargestTenantDate>
			<mostRecentFinancialsStartDate>01-01-2025</mostRecentFinancialsStartDate>
			<mostRecentFinancialsEndDate>12-31-2025</mostRecentFinancialsEndDate>
			<revenueSecuritizationAmount>633837.00000000</revenueSecuritizationAmount>
			<mostRecentRevenueAmount>784037.73000000</mostRecentRevenueAmount>
			<operatingExpensesSecuritizationAmount>14667.00000000</operatingExpensesSecuritizationAmount>
			<operatingExpensesAmount>178011.00000000</operatingExpensesAmount>
			<netOperatingIncomeSecuritizationAmount>619170.00000000</netOperatingIncomeSecuritizationAmount>
			<mostRecentNetOperatingIncomeAmount>606026.73000000</mostRecentNetOperatingIncomeAmount>
			<netCashFlowFlowSecuritizationAmount>587879.00000000</netCashFlowFlowSecuritizationAmount>
			<mostRecentNetCashFlowAmount>572650.73000000</mostRecentNetCashFlowAmount>
			<netOperatingIncomeNetCashFlowSecuritizationCode>UW</netOperatingIncomeNetCashFlowSecuritizationCode>
			<netOperatingIncomeNetCashFlowCode>CREFC</netOperatingIncomeNetCashFlowCode>
			<mostRecentDebtServiceAmount>415140.00000000</mostRecentDebtServiceAmount>
			<debtServiceCoverageNetOperatingIncomeSecuritizationPercentage>1.50000000</debtServiceCoverageNetOperatingIncomeSecuritizationPercentage>
			<mostRecentDebtServiceCoverageNetOperatingIncomePercentage>1.45980000</mostRecentDebtServiceCoverageNetOperatingIncomePercentage>
			<debtServiceCoverageNetCashFlowSecuritizationPercentage>1.42000000</debtServiceCoverageNetCashFlowSecuritizationPercentage>
			<mostRecentDebtServiceCoverageNetCashFlowpercentage>1.37940000</mostRecentDebtServiceCoverageNetCashFlowpercentage>
			<debtServiceCoverageSecuritizationCode>F</debtServiceCoverageSecuritizationCode>
			<mostRecentDebtServiceCoverageCode>F</mostRecentDebtServiceCoverageCode>
			<mostRecentAnnualLeaseRolloverReviewDate>12-31-2025</mostRecentAnnualLeaseRolloverReviewDate>
		</property>
		<assetAddedIndicator>false</assetAddedIndicator>
		<reportPeriodModificationIndicator>false</reportPeriodModificationIndicator>
		<reportPeriodBeginningScheduleLoanBalanceAmount>5500000.00000000</reportPeriodBeginningScheduleLoanBalanceAmount>
		<totalScheduledPrincipalInterestDueAmount>31655.56000000</totalScheduledPrincipalInterestDueAmount>
		<reportPeriodInterestRatePercentage>.07400000</reportPeriodInterestRatePercentage>
		<servicerTrusteeFeeRatePercentage>.00065720</servicerTrusteeFeeRatePercentage>
		<scheduledInterestAmount>31655.56000000</scheduledInterestAmount>
		<scheduledPrincipalAmount>.00000000</scheduledPrincipalAmount>
		<otherPrincipalAdjustmentAmount>.00000000</otherPrincipalAdjustmentAmount>
		<reportPeriodEndActualBalanceAmount>5500000.00000000</reportPeriodEndActualBalanceAmount>
		<reportPeriodEndScheduledLoanBalanceAmount>5500000.00000000</reportPeriodEndScheduledLoanBalanceAmount>
		<paidThroughDate>03-06-2026</paidThroughDate>
		<servicingAdvanceMethodCode>1</servicingAdvanceMethodCode>
		<nonRecoverabilityIndicator>false</nonRecoverabilityIndicator>
		<totalPrincipalInterestAdvancedOutstandingAmount>.00000000</totalPrincipalInterestAdvancedOutstandingAmount>
		<totalTaxesInsuranceAdvancesOutstandingAmount>.00000000</totalTaxesInsuranceAdvancesOutstandingAmount>
		<otherExpensesAdvancedOutstandingAmount>.00000000</otherExpensesAdvancedOutstandingAmount>
		<paymentStatusLoanCode>0</paymentStatusLoanCode>
		<primaryServicerName>Northmarq</primaryServicerName>
		<assetSubjectDemandIndicator>false</assetSubjectDemandIndicator>
		<prepaymentPremiumYieldMaintenanceReceivedAmount>.00000000</prepaymentPremiumYieldMaintenanceReceivedAmount>
	</assets>
	<assets>
		<assetTypeNumber>Prospectus Loan ID</assetTypeNumber>
		<assetNumber>31</assetNumber>
		<GroupID>1</GroupID>
		<reportingPeriodBeginningDate>02-12-2026</reportingPeriodBeginningDate>
		<reportingPeriodEndDate>03-11-2026</reportingPeriodEndDate>
		<originatorName>LMF Commercial, LLC</originatorName>
		<originationDate>06-02-2025</originationDate>
		<originalLoanAmount>5050000.00000000</originalLoanAmount>
		<originalTermLoanNumber>120</originalTermLoanNumber>
		<maturityDate>06-06-2035</maturityDate>
		<originalAmortizationTermNumber>0</originalAmortizationTermNumber>
		<originalInterestRatePercentage>.06750000</originalInterestRatePercentage>
		<interestRateSecuritizationPercentage>.06750000</interestRateSecuritizationPercentage>
		<interestAccrualMethodCode>3</interestAccrualMethodCode>
		<originalInterestRateTypeCode>1</originalInterestRateTypeCode>
		<originalInterestOnlyTermNumber>120</originalInterestOnlyTermNumber>
		<firstLoanPaymentDueDate>07-06-2025</firstLoanPaymentDueDate>
		<underwritingIndicator>true</underwritingIndicator>
		<lienPositionSecuritizationCode>1</lienPositionSecuritizationCode>
		<loanStructureCode>WL</loanStructureCode>
		<paymentTypeCode>3</paymentTypeCode>
		<periodicPrincipalAndInterestPaymentSecuritizationAmount>28406.25000000</periodicPrincipalAndInterestPaymentSecuritizationAmount>
		<scheduledPrincipalBalanceSecuritizationAmount>5050000.00000000</scheduledPrincipalBalanceSecuritizationAmount>
		<paymentFrequencyCode>1</paymentFrequencyCode>
		<NumberPropertiesSecuritization>1</NumberPropertiesSecuritization>
		<NumberProperties>1</NumberProperties>
		<graceDaysAllowedNumber>0</graceDaysAllowedNumber>
		<interestOnlyIndicator>true</interestOnlyIndicator>
		<balloonIndicator>true</balloonIndicator>
		<prepaymentPremiumIndicator>true</prepaymentPremiumIndicator>
		<negativeAmortizationIndicator>false</negativeAmortizationIndicator>
		<modifiedIndicator>false</modifiedIndicator>
		<prepaymentLockOutEndDate>06-05-2026</prepaymentLockOutEndDate>
		<yieldMaintenanceEndDate>12-05-2034</yieldMaintenanceEndDate>
		<prepaymentPremiumsEndDate>12-05-2034</prepaymentPremiumsEndDate>
		<deferredInterestCumulativeAmount>.00000000</deferredInterestCumulativeAmount>
		<deferredInterestCollectedAmount>.00000000</deferredInterestCollectedAmount>
		<property>
			<propertyName>PrimeWest Warehouse</propertyName>
			<propertyAddress>1920 Primewest Park Way 21130 Echelon Drive</propertyAddress>
			<propertyCity>Katy</propertyCity>
			<propertyState>TX</propertyState>
			<propertyZip>77449</propertyZip>
			<propertyCounty>Harris</propertyCounty>
			<propertyTypeCode>WH</propertyTypeCode>
			<netRentableSquareFeetNumber>37168</netRentableSquareFeetNumber>
			<netRentableSquareFeetSecuritizationNumber>37168</netRentableSquareFeetSecuritizationNumber>
			<yearBuiltNumber>2022</yearBuiltNumber>
			<valuationSecuritizationAmount>7700000.00000000</valuationSecuritizationAmount>
			<valuationSourceSecuritizationCode>MAI</valuationSourceSecuritizationCode>
			<valuationSecuritizationDate>03-26-2025</valuationSecuritizationDate>
			<mostRecentValuationAmount>7700000.00000000</mostRecentValuationAmount>
			<mostRecentValuationDate>03-26-2025</mostRecentValuationDate>
			<mostRecentValuationSourceCode>MAI</mostRecentValuationSourceCode>
			<physicalOccupancySecuritizationPercentage>1.00000000</physicalOccupancySecuritizationPercentage>
			<mostRecentPhysicalOccupancyPercentage>.89240000</mostRecentPhysicalOccupancyPercentage>
			<propertyStatusCode>6</propertyStatusCode>
			<DefeasedStatusCode>X</DefeasedStatusCode>
			<largestTenant>Truck King</largestTenant>
			<squareFeetLargestTenantNumber>4250</squareFeetLargestTenantNumber>
			<leaseExpirationLargestTenantDate>06-30-2026</leaseExpirationLargestTenantDate>
			<secondLargestTenant>Solar Pros</secondLargestTenant>
			<squareFeetSecondLargestTenantNumber>3750</squareFeetSecondLargestTenantNumber>
			<leaseExpirationSecondLargestTenantDate>11-30-2027</leaseExpirationSecondLargestTenantDate>
			<thirdLargestTenant>CadTech USA</thirdLargestTenant>
			<squareFeetThirdLargestTenantNumber>2168</squareFeetThirdLargestTenantNumber>
			<leaseExpirationThirdLargestTenantDate>10-31-2027</leaseExpirationThirdLargestTenantDate>
			<financialsSecuritizationDate>04-30-2025</financialsSecuritizationDate>
			<mostRecentFinancialsStartDate>06-01-2025</mostRecentFinancialsStartDate>
			<mostRecentFinancialsEndDate>12-31-2025</mostRecentFinancialsEndDate>
			<revenueSecuritizationAmount>729828.00000000</revenueSecuritizationAmount>
			<mostRecentRevenueAmount>510917.14290000</mostRecentRevenueAmount>
			<operatingExpensesSecuritizationAmount>177534.00000000</operatingExpensesSecuritizationAmount>
			<operatingExpensesAmount>201548.89290000</operatingExpensesAmount>
			<netOperatingIncomeSecuritizationAmount>552294.00000000</netOperatingIncomeSecuritizationAmount>
			<mostRecentNetOperatingIncomeAmount>309368.25000000</mostRecentNetOperatingIncomeAmount>
			<netCashFlowFlowSecuritizationAmount>528135.00000000</netCashFlowFlowSecuritizationAmount>
			<mostRecentNetCashFlowAmount>285209.25000000</mostRecentNetCashFlowAmount>
			<netOperatingIncomeNetCashFlowSecuritizationCode>UW</netOperatingIncomeNetCashFlowSecuritizationCode>
			<netOperatingIncomeNetCashFlowCode>CREFC</netOperatingIncomeNetCashFlowCode>
			<mostRecentDebtServiceAmount>345609.42860000</mostRecentDebtServiceAmount>
			<debtServiceCoverageNetOperatingIncomeSecuritizationPercentage>1.60000000</debtServiceCoverageNetOperatingIncomeSecuritizationPercentage>
			<mostRecentDebtServiceCoverageNetOperatingIncomePercentage>.89510000</mostRecentDebtServiceCoverageNetOperatingIncomePercentage>
			<debtServiceCoverageNetCashFlowSecuritizationPercentage>1.53000000</debtServiceCoverageNetCashFlowSecuritizationPercentage>
			<mostRecentDebtServiceCoverageNetCashFlowpercentage>.82520000</mostRecentDebtServiceCoverageNetCashFlowpercentage>
			<debtServiceCoverageSecuritizationCode>F</debtServiceCoverageSecuritizationCode>
			<mostRecentDebtServiceCoverageCode>F</mostRecentDebtServiceCoverageCode>
			<mostRecentAnnualLeaseRolloverReviewDate>12-31-2025</mostRecentAnnualLeaseRolloverReviewDate>
		</property>
		<assetAddedIndicator>false</assetAddedIndicator>
		<reportPeriodModificationIndicator>false</reportPeriodModificationIndicator>
		<reportPeriodBeginningScheduleLoanBalanceAmount>5050000.00000000</reportPeriodBeginningScheduleLoanBalanceAmount>
		<totalScheduledPrincipalInterestDueAmount>26512.50000000</totalScheduledPrincipalInterestDueAmount>
		<reportPeriodInterestRatePercentage>.06750000</reportPeriodInterestRatePercentage>
		<servicerTrusteeFeeRatePercentage>.00016970</servicerTrusteeFeeRatePercentage>
		<scheduledInterestAmount>26512.50000000</scheduledInterestAmount>
		<scheduledPrincipalAmount>.00000000</scheduledPrincipalAmount>
		<otherPrincipalAdjustmentAmount>.00000000</otherPrincipalAdjustmentAmount>
		<reportPeriodEndActualBalanceAmount>5050000.00000000</reportPeriodEndActualBalanceAmount>
		<reportPeriodEndScheduledLoanBalanceAmount>5050000.00000000</reportPeriodEndScheduledLoanBalanceAmount>
		<paidThroughDate>03-06-2026</paidThroughDate>
		<servicingAdvanceMethodCode>1</servicingAdvanceMethodCode>
		<nonRecoverabilityIndicator>false</nonRecoverabilityIndicator>
		<totalPrincipalInterestAdvancedOutstandingAmount>.00000000</totalPrincipalInterestAdvancedOutstandingAmount>
		<totalTaxesInsuranceAdvancesOutstandingAmount>.00000000</totalTaxesInsuranceAdvancesOutstandingAmount>
		<otherExpensesAdvancedOutstandingAmount>.00000000</otherExpensesAdvancedOutstandingAmount>
		<paymentStatusLoanCode>0</paymentStatusLoanCode>
		<primaryServicerName>Midland</primaryServicerName>
		<assetSubjectDemandIndicator>false</assetSubjectDemandIndicator>
		<prepaymentPremiumYieldMaintenanceReceivedAmount>.00000000</prepaymentPremiumYieldMaintenanceReceivedAmount>
	</assets>
	<assets>
		<assetTypeNumber>Prospectus Loan ID</assetTypeNumber>
		<assetNumber>32</assetNumber>
		<GroupID>1</GroupID>
		<reportingPeriodBeginningDate>02-12-2026</reportingPeriodBeginningDate>
		<reportingPeriodEndDate>03-11-2026</reportingPeriodEndDate>
		<originatorName>Starwood Mortgage Capital LLC</originatorName>
		<originationDate>06-20-2025</originationDate>
		<originalLoanAmount>5000000.00000000</originalLoanAmount>
		<originalTermLoanNumber>120</originalTermLoanNumber>
		<maturityDate>07-06-2035</maturityDate>
		<originalAmortizationTermNumber>300</originalAmortizationTermNumber>
		<originalInterestRatePercentage>.06435000</originalInterestRatePercentage>
		<interestRateSecuritizationPercentage>.06435000</interestRateSecuritizationPercentage>
		<interestAccrualMethodCode>3</interestAccrualMethodCode>
		<originalInterestRateTypeCode>1</originalInterestRateTypeCode>
		<originalInterestOnlyTermNumber>0</originalInterestOnlyTermNumber>
		<firstLoanPaymentDueDate>08-06-2025</firstLoanPaymentDueDate>
		<underwritingIndicator>true</underwritingIndicator>
		<lienPositionSecuritizationCode>1</lienPositionSecuritizationCode>
		<loanStructureCode>WL</loanStructureCode>
		<paymentTypeCode>2</paymentTypeCode>
		<periodicPrincipalAndInterestPaymentSecuritizationAmount>.00000000</periodicPrincipalAndInterestPaymentSecuritizationAmount>
		<scheduledPrincipalBalanceSecuritizationAmount>5000000.00000000</scheduledPrincipalBalanceSecuritizationAmount>
		<paymentFrequencyCode>1</paymentFrequencyCode>
		<NumberPropertiesSecuritization>1</NumberPropertiesSecuritization>
		<NumberProperties>1</NumberProperties>
		<graceDaysAllowedNumber>0</graceDaysAllowedNumber>
		<interestOnlyIndicator>false</interestOnlyIndicator>
		<balloonIndicator>true</balloonIndicator>
		<prepaymentPremiumIndicator>false</prepaymentPremiumIndicator>
		<negativeAmortizationIndicator>false</negativeAmortizationIndicator>
		<modifiedIndicator>false</modifiedIndicator>
		<prepaymentLockOutEndDate>04-05-2035</prepaymentLockOutEndDate>
		<deferredInterestCumulativeAmount>.00000000</deferredInterestCumulativeAmount>
		<deferredInterestCollectedAmount>.00000000</deferredInterestCollectedAmount>
		<property>
			<propertyName>Golden State Storage - Tropicana</propertyName>
			<propertyAddress>4888 East Tropicana Avenue</propertyAddress>
			<propertyCity>Las Vegas</propertyCity>
			<propertyState>NV</propertyState>
			<propertyZip>89121</propertyZip>
			<propertyCounty>Clark</propertyCounty>
			<propertyTypeCode>SS</propertyTypeCode>
			<netRentableSquareFeetNumber>77175</netRentableSquareFeetNumber>
			<netRentableSquareFeetSecuritizationNumber>77175</netRentableSquareFeetSecuritizationNumber>
			<unitsBedsRoomsSecuritizationNumber>787</unitsBedsRoomsSecuritizationNumber>
			<yearBuiltNumber>1998</yearBuiltNumber>
			<valuationSecuritizationAmount>11630000.00000000</valuationSecuritizationAmount>
			<valuationSourceSecuritizationCode>MAI</valuationSourceSecuritizationCode>
			<valuationSecuritizationDate>04-02-2025</valuationSecuritizationDate>
			<mostRecentValuationAmount>11630000.00000000</mostRecentValuationAmount>
			<mostRecentValuationDate>04-02-2025</mostRecentValuationDate>
			<mostRecentValuationSourceCode>MAI</mostRecentValuationSourceCode>
			<physicalOccupancySecuritizationPercentage>.89600000</physicalOccupancySecuritizationPercentage>
			<mostRecentPhysicalOccupancyPercentage>.88470000</mostRecentPhysicalOccupancyPercentage>
			<propertyStatusCode>6</propertyStatusCode>
			<defeasanceOptionStartDate>08-06-2027</defeasanceOptionStartDate>
			<DefeasedStatusCode>N</DefeasedStatusCode>
			<financialsSecuritizationDate>05-31-2025</financialsSecuritizationDate>
			<mostRecentFinancialsStartDate>01-01-2025</mostRecentFinancialsStartDate>
			<mostRecentFinancialsEndDate>12-31-2025</mostRecentFinancialsEndDate>
			<revenueSecuritizationAmount>1000231.00000000</revenueSecuritizationAmount>
			<mostRecentRevenueAmount>993813.14000000</mostRecentRevenueAmount>
			<operatingExpensesSecuritizationAmount>443453.00000000</operatingExpensesSecuritizationAmount>
			<operatingExpensesAmount>472523.35000000</operatingExpensesAmount>
			<netOperatingIncomeSecuritizationAmount>556778.00000000</netOperatingIncomeSecuritizationAmount>
			<mostRecentNetOperatingIncomeAmount>521289.79000000</mostRecentNetOperatingIncomeAmount>
			<netCashFlowFlowSecuritizationAmount>552147.00000000</netCashFlowFlowSecuritizationAmount>
			<mostRecentNetCashFlowAmount>516658.79000000</mostRecentNetCashFlowAmount>
			<netOperatingIncomeNetCashFlowSecuritizationCode>UW</netOperatingIncomeNetCashFlowSecuritizationCode>
			<netOperatingIncomeNetCashFlowCode>CREFC</netOperatingIncomeNetCashFlowCode>
			<mostRecentDebtServiceAmount>402690.72000000</mostRecentDebtServiceAmount>
			<debtServiceCoverageNetOperatingIncomeSecuritizationPercentage>1.38000000</debtServiceCoverageNetOperatingIncomeSecuritizationPercentage>
			<mostRecentDebtServiceCoverageNetOperatingIncomePercentage>1.29450000</mostRecentDebtServiceCoverageNetOperatingIncomePercentage>
			<debtServiceCoverageNetCashFlowSecuritizationPercentage>1.37000000</debtServiceCoverageNetCashFlowSecuritizationPercentage>
			<mostRecentDebtServiceCoverageNetCashFlowpercentage>1.28300000</mostRecentDebtServiceCoverageNetCashFlowpercentage>
			<debtServiceCoverageSecuritizationCode>F</debtServiceCoverageSecuritizationCode>
			<mostRecentDebtServiceCoverageCode>F</mostRecentDebtServiceCoverageCode>
		</property>
		<assetAddedIndicator>false</assetAddedIndicator>
		<reportPeriodModificationIndicator>false</reportPeriodModificationIndicator>
		<reportPeriodBeginningScheduleLoanBalanceAmount>4956542.77000000</reportPeriodBeginningScheduleLoanBalanceAmount>
		<totalScheduledPrincipalInterestDueAmount>33557.56000000</totalScheduledPrincipalInterestDueAmount>
		<reportPeriodInterestRatePercentage>.06435000</reportPeriodInterestRatePercentage>
		<servicerTrusteeFeeRatePercentage>.00065720</servicerTrusteeFeeRatePercentage>
		<scheduledInterestAmount>24807.50000000</scheduledInterestAmount>
		<scheduledPrincipalAmount>8750.06000000</scheduledPrincipalAmount>
		<otherPrincipalAdjustmentAmount>.00000000</otherPrincipalAdjustmentAmount>
		<reportPeriodEndActualBalanceAmount>4947792.71000000</reportPeriodEndActualBalanceAmount>
		<reportPeriodEndScheduledLoanBalanceAmount>4947792.71000000</reportPeriodEndScheduledLoanBalanceAmount>
		<paidThroughDate>03-06-2026</paidThroughDate>
		<servicingAdvanceMethodCode>1</servicingAdvanceMethodCode>
		<nonRecoverabilityIndicator>false</nonRecoverabilityIndicator>
		<totalPrincipalInterestAdvancedOutstandingAmount>.00000000</totalPrincipalInterestAdvancedOutstandingAmount>
		<totalTaxesInsuranceAdvancesOutstandingAmount>.00000000</totalTaxesInsuranceAdvancesOutstandingAmount>
		<otherExpensesAdvancedOutstandingAmount>.00000000</otherExpensesAdvancedOutstandingAmount>
		<paymentStatusLoanCode>0</paymentStatusLoanCode>
		<primaryServicerName>Berkadia</primaryServicerName>
		<assetSubjectDemandIndicator>false</assetSubjectDemandIndicator>
		<prepaymentPremiumYieldMaintenanceReceivedAmount>.00000000</prepaymentPremiumYieldMaintenanceReceivedAmount>
	</assets>
	<assets>
		<assetTypeNumber>Prospectus Loan ID</assetTypeNumber>
		<assetNumber>33</assetNumber>
		<GroupID>1</GroupID>
		<reportingPeriodBeginningDate>02-12-2026</reportingPeriodBeginningDate>
		<reportingPeriodEndDate>03-11-2026</reportingPeriodEndDate>
		<originatorName>JPMorgan Chase Bank, National Association</originatorName>
		<originationDate>05-01-2025</originationDate>
		<originalLoanAmount>1000000.00000000</originalLoanAmount>
		<originalTermLoanNumber>120</originalTermLoanNumber>
		<maturityDate>05-01-2035</maturityDate>
		<originalAmortizationTermNumber>300</originalAmortizationTermNumber>
		<originalInterestRatePercentage>.05389000</originalInterestRatePercentage>
		<interestRateSecuritizationPercentage>.05389000</interestRateSecuritizationPercentage>
		<interestAccrualMethodCode>3</interestAccrualMethodCode>
		<originalInterestRateTypeCode>1</originalInterestRateTypeCode>
		<originalInterestOnlyTermNumber>0</originalInterestOnlyTermNumber>
		<firstLoanPaymentDueDate>06-01-2025</firstLoanPaymentDueDate>
		<underwritingIndicator>true</underwritingIndicator>
		<lienPositionSecuritizationCode>1</lienPositionSecuritizationCode>
		<loanStructureCode>PP</loanStructureCode>
		<paymentTypeCode>2</paymentTypeCode>
		<periodicPrincipalAndInterestPaymentSecuritizationAmount>6074.76000000</periodicPrincipalAndInterestPaymentSecuritizationAmount>
		<scheduledPrincipalBalanceSecuritizationAmount>996975.40000000</scheduledPrincipalBalanceSecuritizationAmount>
		<paymentFrequencyCode>1</paymentFrequencyCode>
		<NumberPropertiesSecuritization>13</NumberPropertiesSecuritization>
		<NumberProperties>13</NumberProperties>
		<graceDaysAllowedNumber>3</graceDaysAllowedNumber>
		<interestOnlyIndicator>false</interestOnlyIndicator>
		<balloonIndicator>true</balloonIndicator>
		<prepaymentPremiumIndicator>true</prepaymentPremiumIndicator>
		<negativeAmortizationIndicator>false</negativeAmortizationIndicator>
		<modifiedIndicator>false</modifiedIndicator>
		<prepaymentLockOutEndDate>06-30-2027</prepaymentLockOutEndDate>
		<yieldMaintenanceEndDate>11-30-2034</yieldMaintenanceEndDate>
		<prepaymentPremiumsEndDate>11-30-2034</prepaymentPremiumsEndDate>
		<deferredInterestCumulativeAmount>.00000000</deferredInterestCumulativeAmount>
		<deferredInterestCollectedAmount>.00000000</deferredInterestCollectedAmount>
		<property>
			<propertyName>740 West End Avenue</propertyName>
			<propertyAddress>740 West End Avenue</propertyAddress>
			<propertyCity>New York</propertyCity>
			<propertyState>NY</propertyState>
			<propertyZip>10025</propertyZip>
			<propertyCounty>New York</propertyCounty>
			<propertyTypeCode>MF</propertyTypeCode>
			<netRentableSquareFeetNumber>113534</netRentableSquareFeetNumber>
			<unitsBedsRoomsNumber>107</unitsBedsRoomsNumber>
			<unitsBedsRoomsSecuritizationNumber>103</unitsBedsRoomsSecuritizationNumber>
			<yearBuiltNumber>1915</yearBuiltNumber>
			<valuationSecuritizationAmount>50600000.00000000</valuationSecuritizationAmount>
			<valuationSourceSecuritizationCode>MAI</valuationSourceSecuritizationCode>
			<valuationSecuritizationDate>03-11-2025</valuationSecuritizationDate>
			<mostRecentValuationAmount>50600000.00000000</mostRecentValuationAmount>
			<mostRecentValuationDate>03-11-2025</mostRecentValuationDate>
			<mostRecentValuationSourceCode>MAI</mostRecentValuationSourceCode>
			<physicalOccupancySecuritizationPercentage>.95100000</physicalOccupancySecuritizationPercentage>
			<mostRecentPhysicalOccupancyPercentage>.95330000</mostRecentPhysicalOccupancyPercentage>
			<propertyStatusCode>6</propertyStatusCode>
			<DefeasedStatusCode>X</DefeasedStatusCode>
			<financialsSecuritizationDate>02-28-2025</financialsSecuritizationDate>
			<mostRecentFinancialsStartDate>01-01-2025</mostRecentFinancialsStartDate>
			<mostRecentFinancialsEndDate>12-31-2025</mostRecentFinancialsEndDate>
			<revenueSecuritizationAmount>4611274.00000000</revenueSecuritizationAmount>
			<mostRecentRevenueAmount>4645682.44000000</mostRecentRevenueAmount>
			<operatingExpensesSecuritizationAmount>2198431.00000000</operatingExpensesSecuritizationAmount>
			<operatingExpensesAmount>2413764.26000000</operatingExpensesAmount>
			<netOperatingIncomeSecuritizationAmount>2412844.00000000</netOperatingIncomeSecuritizationAmount>
			<mostRecentNetOperatingIncomeAmount>2231918.18000000</mostRecentNetOperatingIncomeAmount>
			<netCashFlowFlowSecuritizationAmount>2382264.00000000</netCashFlowFlowSecuritizationAmount>
			<mostRecentNetCashFlowAmount>2201338.18000000</mostRecentNetCashFlowAmount>
			<netOperatingIncomeNetCashFlowSecuritizationCode>UW</netOperatingIncomeNetCashFlowSecuritizationCode>
			<netOperatingIncomeNetCashFlowCode>CREFC</netOperatingIncomeNetCashFlowCode>
			<mostRecentDebtServiceAmount>1402893.73000000</mostRecentDebtServiceAmount>
			<mostRecentDebtServiceCoverageNetOperatingIncomePercentage>1.59090000</mostRecentDebtServiceCoverageNetOperatingIncomePercentage>
			<mostRecentDebtServiceCoverageNetCashFlowpercentage>1.56910000</mostRecentDebtServiceCoverageNetCashFlowpercentage>
		</property>
		<property>
			<propertyName>217 East 22nd Street</propertyName>
			<propertyAddress>217 East 22nd Street</propertyAddress>
			<propertyCity>New York</propertyCity>
			<propertyState>NY</propertyState>
			<propertyZip>10010</propertyZip>
			<propertyCounty>New York</propertyCounty>
			<propertyTypeCode>MF</propertyTypeCode>
			<netRentableSquareFeetNumber>15350</netRentableSquareFeetNumber>
			<unitsBedsRoomsNumber>35</unitsBedsRoomsNumber>
			<unitsBedsRoomsSecuritizationNumber>35</unitsBedsRoomsSecuritizationNumber>
			<yearBuiltNumber>1920</yearBuiltNumber>
			<valuationSecuritizationAmount>11500000.00000000</valuationSecuritizationAmount>
			<valuationSourceSecuritizationCode>MAI</valuationSourceSecuritizationCode>
			<valuationSecuritizationDate>03-13-2025</valuationSecuritizationDate>
			<mostRecentValuationAmount>11500000.00000000</mostRecentValuationAmount>
			<mostRecentValuationDate>03-13-2025</mostRecentValuationDate>
			<mostRecentValuationSourceCode>MAI</mostRecentValuationSourceCode>
			<physicalOccupancySecuritizationPercentage>1.00000000</physicalOccupancySecuritizationPercentage>
			<mostRecentPhysicalOccupancyPercentage>1.00000000</mostRecentPhysicalOccupancyPercentage>
			<propertyStatusCode>6</propertyStatusCode>
			<DefeasedStatusCode>X</DefeasedStatusCode>
			<financialsSecuritizationDate>02-28-2025</financialsSecuritizationDate>
			<mostRecentFinancialsStartDate>06-01-2025</mostRecentFinancialsStartDate>
			<mostRecentFinancialsEndDate>12-31-2025</mostRecentFinancialsEndDate>
			<revenueSecuritizationAmount>1162657.00000000</revenueSecuritizationAmount>
			<mostRecentRevenueAmount>2020497.03440000</mostRecentRevenueAmount>
			<operatingExpensesSecuritizationAmount>503845.00000000</operatingExpensesSecuritizationAmount>
			<operatingExpensesAmount>726408.86740000</operatingExpensesAmount>
			<netOperatingIncomeSecuritizationAmount>658813.00000000</netOperatingIncomeSecuritizationAmount>
			<mostRecentNetOperatingIncomeAmount>1294088.16700000</mostRecentNetOperatingIncomeAmount>
			<netCashFlowFlowSecuritizationAmount>648422.00000000</netCashFlowFlowSecuritizationAmount>
			<mostRecentNetCashFlowAmount>1283697.16700000</mostRecentNetCashFlowAmount>
			<netOperatingIncomeNetCashFlowSecuritizationCode>UW</netOperatingIncomeNetCashFlowSecuritizationCode>
			<netOperatingIncomeNetCashFlowCode>CREFC</netOperatingIncomeNetCashFlowCode>
			<mostRecentDebtServiceAmount>317304.20570000</mostRecentDebtServiceAmount>
			<mostRecentDebtServiceCoverageNetOperatingIncomePercentage>4.07840000</mostRecentDebtServiceCoverageNetOperatingIncomePercentage>
			<mostRecentDebtServiceCoverageNetCashFlowpercentage>4.04560000</mostRecentDebtServiceCoverageNetCashFlowpercentage>
		</property>
		<property>
			<propertyName>106 East 7th Street</propertyName>
			<propertyAddress>106 East 7th Street</propertyAddress>
			<propertyCity>New York</propertyCity>
			<propertyState>NY</propertyState>
			<propertyZip>10009</propertyZip>
			<propertyCounty>New York</propertyCounty>
			<propertyTypeCode>MF</propertyTypeCode>
			<netRentableSquareFeetNumber>8870</netRentableSquareFeetNumber>
			<unitsBedsRoomsNumber>12</unitsBedsRoomsNumber>
			<unitsBedsRoomsSecuritizationNumber>12</unitsBedsRoomsSecuritizationNumber>
			<yearBuiltNumber>1900</yearBuiltNumber>
			<yearLastRenovated>2025</yearLastRenovated>
			<valuationSecuritizationAmount>8700000.00000000</valuationSecuritizationAmount>
			<valuationSourceSecuritizationCode>MAI</valuationSourceSecuritizationCode>
			<valuationSecuritizationDate>03-13-2025</valuationSecuritizationDate>
			<mostRecentValuationAmount>8700000.00000000</mostRecentValuationAmount>
			<mostRecentValuationDate>03-13-2025</mostRecentValuationDate>
			<mostRecentValuationSourceCode>MAI</mostRecentValuationSourceCode>
			<physicalOccupancySecuritizationPercentage>.66700000</physicalOccupancySecuritizationPercentage>
			<mostRecentPhysicalOccupancyPercentage>.83330000</mostRecentPhysicalOccupancyPercentage>
			<propertyStatusCode>6</propertyStatusCode>
			<DefeasedStatusCode>X</DefeasedStatusCode>
			<financialsSecuritizationDate>02-28-2025</financialsSecuritizationDate>
			<mostRecentFinancialsStartDate>06-01-2025</mostRecentFinancialsStartDate>
			<mostRecentFinancialsEndDate>12-31-2025</mostRecentFinancialsEndDate>
			<revenueSecuritizationAmount>476723.00000000</revenueSecuritizationAmount>
			<mostRecentRevenueAmount>743432.64000000</mostRecentRevenueAmount>
			<operatingExpensesSecuritizationAmount>222394.00000000</operatingExpensesSecuritizationAmount>
			<operatingExpensesAmount>458668.03860000</operatingExpensesAmount>
			<netOperatingIncomeSecuritizationAmount>254329.00000000</netOperatingIncomeSecuritizationAmount>
			<mostRecentNetOperatingIncomeAmount>284764.60140000</mostRecentNetOperatingIncomeAmount>
			<netCashFlowFlowSecuritizationAmount>250766.00000000</netCashFlowFlowSecuritizationAmount>
			<mostRecentNetCashFlowAmount>281201.60140000</mostRecentNetCashFlowAmount>
			<netOperatingIncomeNetCashFlowSecuritizationCode>UW</netOperatingIncomeNetCashFlowSecuritizationCode>
			<netOperatingIncomeNetCashFlowCode>CREFC</netOperatingIncomeNetCashFlowCode>
			<mostRecentDebtServiceAmount>242806.59430000</mostRecentDebtServiceAmount>
			<mostRecentDebtServiceCoverageNetOperatingIncomePercentage>1.17280000</mostRecentDebtServiceCoverageNetOperatingIncomePercentage>
			<mostRecentDebtServiceCoverageNetCashFlowpercentage>1.15810000</mostRecentDebtServiceCoverageNetCashFlowpercentage>
		</property>
		<property>
			<propertyName>328 East 89th Street</propertyName>
			<propertyAddress>328 East 89th Street</propertyAddress>
			<propertyCity>New York</propertyCity>
			<propertyState>NY</propertyState>
			<propertyZip>10128</propertyZip>
			<propertyCounty>New York</propertyCounty>
			<propertyTypeCode>MF</propertyTypeCode>
			<netRentableSquareFeetNumber>6545</netRentableSquareFeetNumber>
			<unitsBedsRoomsNumber>10</unitsBedsRoomsNumber>
			<unitsBedsRoomsSecuritizationNumber>10</unitsBedsRoomsSecuritizationNumber>
			<yearBuiltNumber>1920</yearBuiltNumber>
			<valuationSecuritizationAmount>8650000.00000000</valuationSecuritizationAmount>
			<valuationSourceSecuritizationCode>MAI</valuationSourceSecuritizationCode>
			<valuationSecuritizationDate>03-11-2025</valuationSecuritizationDate>
			<mostRecentValuationAmount>8650000.00000000</mostRecentValuationAmount>
			<mostRecentValuationDate>03-11-2025</mostRecentValuationDate>
			<mostRecentValuationSourceCode>MAI</mostRecentValuationSourceCode>
			<physicalOccupancySecuritizationPercentage>.90000000</physicalOccupancySecuritizationPercentage>
			<mostRecentPhysicalOccupancyPercentage>.90000000</mostRecentPhysicalOccupancyPercentage>
			<propertyStatusCode>6</propertyStatusCode>
			<DefeasedStatusCode>X</DefeasedStatusCode>
			<financialsSecuritizationDate>02-28-2025</financialsSecuritizationDate>
			<mostRecentFinancialsStartDate>06-01-2025</mostRecentFinancialsStartDate>
			<mostRecentFinancialsEndDate>12-31-2025</mostRecentFinancialsEndDate>
			<revenueSecuritizationAmount>507138.00000000</revenueSecuritizationAmount>
			<mostRecentRevenueAmount>855818.93150000</mostRecentRevenueAmount>
			<operatingExpensesSecuritizationAmount>127777.00000000</operatingExpensesSecuritizationAmount>
			<operatingExpensesAmount>219726.37870000</operatingExpensesAmount>
			<netOperatingIncomeSecuritizationAmount>379361.00000000</netOperatingIncomeSecuritizationAmount>
			<mostRecentNetOperatingIncomeAmount>636092.55280000</mostRecentNetOperatingIncomeAmount>
			<netCashFlowFlowSecuritizationAmount>376392.00000000</netCashFlowFlowSecuritizationAmount>
			<mostRecentNetCashFlowAmount>633123.55280000</mostRecentNetCashFlowAmount>
			<netOperatingIncomeNetCashFlowSecuritizationCode>UW</netOperatingIncomeNetCashFlowSecuritizationCode>
			<netOperatingIncomeNetCashFlowCode>CREFC</netOperatingIncomeNetCashFlowCode>
			<mostRecentDebtServiceAmount>240047.43430000</mostRecentDebtServiceAmount>
			<mostRecentDebtServiceCoverageNetOperatingIncomePercentage>2.64990000</mostRecentDebtServiceCoverageNetOperatingIncomePercentage>
			<mostRecentDebtServiceCoverageNetCashFlowpercentage>2.63750000</mostRecentDebtServiceCoverageNetCashFlowpercentage>
		</property>
		<property>
			<propertyName>327 East 89th Street</propertyName>
			<propertyAddress>327 East 89th Street</propertyAddress>
			<propertyCity>New York</propertyCity>
			<propertyState>NY</propertyState>
			<propertyZip>10128</propertyZip>
			<propertyCounty>New York</propertyCounty>
			<propertyTypeCode>MF</propertyTypeCode>
			<netRentableSquareFeetNumber>7650</netRentableSquareFeetNumber>
			<unitsBedsRoomsNumber>10</unitsBedsRoomsNumber>
			<unitsBedsRoomsSecuritizationNumber>10</unitsBedsRoomsSecuritizationNumber>
			<yearBuiltNumber>1920</yearBuiltNumber>
			<yearLastRenovated>2023</yearLastRenovated>
			<valuationSecuritizationAmount>8400000.00000000</valuationSecuritizationAmount>
			<valuationSourceSecuritizationCode>MAI</valuationSourceSecuritizationCode>
			<valuationSecuritizationDate>03-11-2025</valuationSecuritizationDate>
			<mostRecentValuationAmount>8400000.00000000</mostRecentValuationAmount>
			<mostRecentValuationDate>03-11-2025</mostRecentValuationDate>
			<mostRecentValuationSourceCode>MAI</mostRecentValuationSourceCode>
			<physicalOccupancySecuritizationPercentage>1.00000000</physicalOccupancySecuritizationPercentage>
			<mostRecentPhysicalOccupancyPercentage>.90000000</mostRecentPhysicalOccupancyPercentage>
			<propertyStatusCode>6</propertyStatusCode>
			<DefeasedStatusCode>X</DefeasedStatusCode>
			<financialsSecuritizationDate>02-28-2025</financialsSecuritizationDate>
			<mostRecentFinancialsStartDate>06-01-2025</mostRecentFinancialsStartDate>
			<mostRecentFinancialsEndDate>12-31-2025</mostRecentFinancialsEndDate>
			<revenueSecuritizationAmount>571478.00000000</revenueSecuritizationAmount>
			<mostRecentRevenueAmount>933155.31430000</mostRecentRevenueAmount>
			<operatingExpensesSecuritizationAmount>122472.00000000</operatingExpensesSecuritizationAmount>
			<operatingExpensesAmount>203748.99010000</operatingExpensesAmount>
			<netOperatingIncomeSecuritizationAmount>449005.00000000</netOperatingIncomeSecuritizationAmount>
			<mostRecentNetOperatingIncomeAmount>729406.32420000</mostRecentNetOperatingIncomeAmount>
			<netCashFlowFlowSecuritizationAmount>446037.00000000</netCashFlowFlowSecuritizationAmount>
			<mostRecentNetCashFlowAmount>726437.32420000</mostRecentNetCashFlowAmount>
			<netOperatingIncomeNetCashFlowSecuritizationCode>UW</netOperatingIncomeNetCashFlowSecuritizationCode>
			<netOperatingIncomeNetCashFlowCode>CREFC</netOperatingIncomeNetCashFlowCode>
			<mostRecentDebtServiceAmount>234529.11420000</mostRecentDebtServiceAmount>
			<mostRecentDebtServiceCoverageNetOperatingIncomePercentage>3.11010000</mostRecentDebtServiceCoverageNetOperatingIncomePercentage>
			<mostRecentDebtServiceCoverageNetCashFlowpercentage>3.09740000</mostRecentDebtServiceCoverageNetCashFlowpercentage>
		</property>
		<property>
			<propertyName>640 East 14th Street</propertyName>
			<propertyAddress>640 East 14th Street</propertyAddress>
			<propertyCity>New York</propertyCity>
			<propertyState>NY</propertyState>
			<propertyZip>10009</propertyZip>
			<propertyCounty>New York</propertyCounty>
			<propertyTypeCode>MF</propertyTypeCode>
			<netRentableSquareFeetNumber>9700</netRentableSquareFeetNumber>
			<unitsBedsRoomsNumber>20</unitsBedsRoomsNumber>
			<unitsBedsRoomsSecuritizationNumber>20</unitsBedsRoomsSecuritizationNumber>
			<yearBuiltNumber>1920</yearBuiltNumber>
			<valuationSecuritizationAmount>7700000.00000000</valuationSecuritizationAmount>
			<valuationSourceSecuritizationCode>MAI</valuationSourceSecuritizationCode>
			<valuationSecuritizationDate>03-12-2025</valuationSecuritizationDate>
			<mostRecentValuationAmount>7700000.00000000</mostRecentValuationAmount>
			<mostRecentValuationDate>03-12-2025</mostRecentValuationDate>
			<mostRecentValuationSourceCode>MAI</mostRecentValuationSourceCode>
			<physicalOccupancySecuritizationPercentage>1.00000000</physicalOccupancySecuritizationPercentage>
			<propertyStatusCode>6</propertyStatusCode>
			<DefeasedStatusCode>X</DefeasedStatusCode>
			<financialsSecuritizationDate>02-28-2025</financialsSecuritizationDate>
			<revenueSecuritizationAmount>702503.00000000</revenueSecuritizationAmount>
			<operatingExpensesSecuritizationAmount>343062.00000000</operatingExpensesSecuritizationAmount>
			<netOperatingIncomeSecuritizationAmount>359441.00000000</netOperatingIncomeSecuritizationAmount>
			<netCashFlowFlowSecuritizationAmount>353504.00000000</netCashFlowFlowSecuritizationAmount>
			<netOperatingIncomeNetCashFlowSecuritizationCode>UW</netOperatingIncomeNetCashFlowSecuritizationCode>
			<netOperatingIncomeNetCashFlowCode>CREFC</netOperatingIncomeNetCashFlowCode>
		</property>
		<property>
			<propertyName>239 East 33rd Street</propertyName>
			<propertyAddress>239 East 33rd Street</propertyAddress>
			<propertyCity>New York</propertyCity>
			<propertyState>NY</propertyState>
			<propertyZip>10016</propertyZip>
			<propertyCounty>New York</propertyCounty>
			<propertyTypeCode>MF</propertyTypeCode>
			<netRentableSquareFeetNumber>8800</netRentableSquareFeetNumber>
			<unitsBedsRoomsNumber>19</unitsBedsRoomsNumber>
			<unitsBedsRoomsSecuritizationNumber>19</unitsBedsRoomsSecuritizationNumber>
			<yearBuiltNumber>1925</yearBuiltNumber>
			<valuationSecuritizationAmount>7000000.00000000</valuationSecuritizationAmount>
			<valuationSourceSecuritizationCode>MAI</valuationSourceSecuritizationCode>
			<valuationSecuritizationDate>03-12-2025</valuationSecuritizationDate>
			<mostRecentValuationAmount>7000000.00000000</mostRecentValuationAmount>
			<mostRecentValuationDate>03-12-2025</mostRecentValuationDate>
			<mostRecentValuationSourceCode>MAI</mostRecentValuationSourceCode>
			<physicalOccupancySecuritizationPercentage>.94700000</physicalOccupancySecuritizationPercentage>
			<mostRecentPhysicalOccupancyPercentage>1.00000000</mostRecentPhysicalOccupancyPercentage>
			<propertyStatusCode>6</propertyStatusCode>
			<DefeasedStatusCode>X</DefeasedStatusCode>
			<financialsSecuritizationDate>02-28-2025</financialsSecuritizationDate>
			<mostRecentFinancialsStartDate>06-01-2025</mostRecentFinancialsStartDate>
			<mostRecentFinancialsEndDate>12-31-2025</mostRecentFinancialsEndDate>
			<revenueSecuritizationAmount>641801.00000000</revenueSecuritizationAmount>
			<mostRecentRevenueAmount>1132922.38290000</mostRecentRevenueAmount>
			<operatingExpensesSecuritizationAmount>269785.00000000</operatingExpensesSecuritizationAmount>
			<operatingExpensesAmount>408902.34290000</operatingExpensesAmount>
			<netOperatingIncomeSecuritizationAmount>372017.00000000</netOperatingIncomeSecuritizationAmount>
			<mostRecentNetOperatingIncomeAmount>724020.04000000</mostRecentNetOperatingIncomeAmount>
			<netCashFlowFlowSecuritizationAmount>366376.00000000</netCashFlowFlowSecuritizationAmount>
			<mostRecentNetCashFlowAmount>718379.04000000</mostRecentNetCashFlowAmount>
			<netOperatingIncomeNetCashFlowSecuritizationCode>UW</netOperatingIncomeNetCashFlowSecuritizationCode>
			<netOperatingIncomeNetCashFlowCode>CREFC</netOperatingIncomeNetCashFlowCode>
			<mostRecentDebtServiceAmount>198660.06860000</mostRecentDebtServiceAmount>
			<mostRecentDebtServiceCoverageNetOperatingIncomePercentage>3.64450000</mostRecentDebtServiceCoverageNetOperatingIncomePercentage>
			<mostRecentDebtServiceCoverageNetCashFlowpercentage>3.61610000</mostRecentDebtServiceCoverageNetCashFlowpercentage>
		</property>
		<property>
			<propertyName>638 East 14th Street</propertyName>
			<propertyAddress>638 East 14th Street</propertyAddress>
			<propertyCity>New York</propertyCity>
			<propertyState>NY</propertyState>
			<propertyZip>10009</propertyZip>
			<propertyCounty>New York</propertyCounty>
			<propertyTypeCode>MF</propertyTypeCode>
			<netRentableSquareFeetNumber>9800</netRentableSquareFeetNumber>
			<unitsBedsRoomsNumber>20</unitsBedsRoomsNumber>
			<unitsBedsRoomsSecuritizationNumber>20</unitsBedsRoomsSecuritizationNumber>
			<yearBuiltNumber>1920</yearBuiltNumber>
			<valuationSecuritizationAmount>5700000.00000000</valuationSecuritizationAmount>
			<valuationSourceSecuritizationCode>MAI</valuationSourceSecuritizationCode>
			<valuationSecuritizationDate>03-12-2025</valuationSecuritizationDate>
			<mostRecentValuationAmount>5700000.00000000</mostRecentValuationAmount>
			<mostRecentValuationDate>03-12-2025</mostRecentValuationDate>
			<mostRecentValuationSourceCode>MAI</mostRecentValuationSourceCode>
			<physicalOccupancySecuritizationPercentage>1.00000000</physicalOccupancySecuritizationPercentage>
			<mostRecentPhysicalOccupancyPercentage>1.00000000</mostRecentPhysicalOccupancyPercentage>
			<propertyStatusCode>6</propertyStatusCode>
			<DefeasedStatusCode>X</DefeasedStatusCode>
			<financialsSecuritizationDate>02-28-2025</financialsSecuritizationDate>
			<mostRecentFinancialsStartDate>06-01-2025</mostRecentFinancialsStartDate>
			<mostRecentFinancialsEndDate>12-31-2025</mostRecentFinancialsEndDate>
			<revenueSecuritizationAmount>589691.00000000</revenueSecuritizationAmount>
			<mostRecentRevenueAmount>2232555.51440000</mostRecentRevenueAmount>
			<operatingExpensesSecuritizationAmount>285597.00000000</operatingExpensesSecuritizationAmount>
			<operatingExpensesAmount>984648.02300000</operatingExpensesAmount>
			<netOperatingIncomeSecuritizationAmount>304095.00000000</netOperatingIncomeSecuritizationAmount>
			<mostRecentNetOperatingIncomeAmount>1247907.49140000</mostRecentNetOperatingIncomeAmount>
			<netCashFlowFlowSecuritizationAmount>298157.00000000</netCashFlowFlowSecuritizationAmount>
			<mostRecentNetCashFlowAmount>1241969.49140000</mostRecentNetCashFlowAmount>
			<netOperatingIncomeNetCashFlowSecuritizationCode>UW</netOperatingIncomeNetCashFlowSecuritizationCode>
			<netOperatingIncomeNetCashFlowCode>CREFC</netOperatingIncomeNetCashFlowCode>
			<mostRecentDebtServiceAmount>375246.51430000</mostRecentDebtServiceAmount>
			<mostRecentDebtServiceCoverageNetOperatingIncomePercentage>3.32560000</mostRecentDebtServiceCoverageNetOperatingIncomePercentage>
			<mostRecentDebtServiceCoverageNetCashFlowpercentage>3.30970000</mostRecentDebtServiceCoverageNetCashFlowpercentage>
		</property>
		<property>
			<propertyName>426 East 77th Street</propertyName>
			<propertyAddress>426 East 77th Street</propertyAddress>
			<propertyCity>New York</propertyCity>
			<propertyState>NY</propertyState>
			<propertyZip>10075</propertyZip>
			<propertyCounty>New York</propertyCounty>
			<propertyTypeCode>MF</propertyTypeCode>
			<netRentableSquareFeetNumber>8150</netRentableSquareFeetNumber>
			<unitsBedsRoomsNumber>15</unitsBedsRoomsNumber>
			<unitsBedsRoomsSecuritizationNumber>15</unitsBedsRoomsSecuritizationNumber>
			<yearBuiltNumber>1910</yearBuiltNumber>
			<valuationSecuritizationAmount>5300000.00000000</valuationSecuritizationAmount>
			<valuationSourceSecuritizationCode>MAI</valuationSourceSecuritizationCode>
			<valuationSecuritizationDate>03-11-2025</valuationSecuritizationDate>
			<mostRecentValuationAmount>5300000.00000000</mostRecentValuationAmount>
			<mostRecentValuationDate>03-11-2025</mostRecentValuationDate>
			<mostRecentValuationSourceCode>MAI</mostRecentValuationSourceCode>
			<physicalOccupancySecuritizationPercentage>1.00000000</physicalOccupancySecuritizationPercentage>
			<mostRecentPhysicalOccupancyPercentage>1.00000000</mostRecentPhysicalOccupancyPercentage>
			<propertyStatusCode>6</propertyStatusCode>
			<DefeasedStatusCode>X</DefeasedStatusCode>
			<financialsSecuritizationDate>02-28-2025</financialsSecuritizationDate>
			<mostRecentFinancialsStartDate>06-01-2025</mostRecentFinancialsStartDate>
			<mostRecentFinancialsEndDate>12-31-2025</mostRecentFinancialsEndDate>
			<revenueSecuritizationAmount>461200.00000000</revenueSecuritizationAmount>
			<mostRecentRevenueAmount>802374.75430000</mostRecentRevenueAmount>
			<operatingExpensesSecuritizationAmount>185727.00000000</operatingExpensesSecuritizationAmount>
			<operatingExpensesAmount>235847.63000000</operatingExpensesAmount>
			<netOperatingIncomeSecuritizationAmount>275473.00000000</netOperatingIncomeSecuritizationAmount>
			<mostRecentNetOperatingIncomeAmount>566527.12430000</mostRecentNetOperatingIncomeAmount>
			<netCashFlowFlowSecuritizationAmount>271019.00000000</netCashFlowFlowSecuritizationAmount>
			<mostRecentNetCashFlowAmount>562074.12430000</mostRecentNetCashFlowAmount>
			<netOperatingIncomeNetCashFlowSecuritizationCode>UW</netOperatingIncomeNetCashFlowSecuritizationCode>
			<netOperatingIncomeNetCashFlowCode>CREFC</netOperatingIncomeNetCashFlowCode>
			<mostRecentDebtServiceAmount>146235.70290000</mostRecentDebtServiceAmount>
			<mostRecentDebtServiceCoverageNetOperatingIncomePercentage>3.87410000</mostRecentDebtServiceCoverageNetOperatingIncomePercentage>
			<mostRecentDebtServiceCoverageNetCashFlowpercentage>3.84360000</mostRecentDebtServiceCoverageNetCashFlowpercentage>
		</property>
		<property>
			<propertyName>67 Saint Marks Place</propertyName>
			<propertyAddress>67 Saint Marks Place</propertyAddress>
			<propertyCity>New York</propertyCity>
			<propertyState>NY</propertyState>
			<propertyZip>10003</propertyZip>
			<propertyCounty>New York</propertyCounty>
			<propertyTypeCode>MF</propertyTypeCode>
			<netRentableSquareFeetNumber>8500</netRentableSquareFeetNumber>
			<unitsBedsRoomsNumber>10</unitsBedsRoomsNumber>
			<unitsBedsRoomsSecuritizationNumber>10</unitsBedsRoomsSecuritizationNumber>
			<yearBuiltNumber>1900</yearBuiltNumber>
			<valuationSecuritizationAmount>5000000.00000000</valuationSecuritizationAmount>
			<valuationSourceSecuritizationCode>MAI</valuationSourceSecuritizationCode>
			<valuationSecuritizationDate>03-13-2025</valuationSecuritizationDate>
			<mostRecentValuationAmount>5000000.00000000</mostRecentValuationAmount>
			<mostRecentValuationDate>03-13-2025</mostRecentValuationDate>
			<mostRecentValuationSourceCode>MAI</mostRecentValuationSourceCode>
			<physicalOccupancySecuritizationPercentage>.90000000</physicalOccupancySecuritizationPercentage>
			<mostRecentPhysicalOccupancyPercentage>1.00000000</mostRecentPhysicalOccupancyPercentage>
			<propertyStatusCode>6</propertyStatusCode>
			<DefeasedStatusCode>X</DefeasedStatusCode>
			<financialsSecuritizationDate>02-28-2025</financialsSecuritizationDate>
			<mostRecentFinancialsStartDate>06-01-2025</mostRecentFinancialsStartDate>
			<mostRecentFinancialsEndDate>12-31-2025</mostRecentFinancialsEndDate>
			<revenueSecuritizationAmount>349498.00000000</revenueSecuritizationAmount>
			<mostRecentRevenueAmount>677539.92000000</mostRecentRevenueAmount>
			<operatingExpensesSecuritizationAmount>126523.00000000</operatingExpensesSecuritizationAmount>
			<operatingExpensesAmount>214517.94000000</operatingExpensesAmount>
			<netOperatingIncomeSecuritizationAmount>222975.00000000</netOperatingIncomeSecuritizationAmount>
			<mostRecentNetOperatingIncomeAmount>463021.98000000</mostRecentNetOperatingIncomeAmount>
			<netCashFlowFlowSecuritizationAmount>220007.00000000</netCashFlowFlowSecuritizationAmount>
			<mostRecentNetCashFlowAmount>460052.98000000</mostRecentNetCashFlowAmount>
			<netOperatingIncomeNetCashFlowSecuritizationCode>UW</netOperatingIncomeNetCashFlowSecuritizationCode>
			<netOperatingIncomeNetCashFlowCode>CREFC</netOperatingIncomeNetCashFlowCode>
			<mostRecentDebtServiceAmount>140717.40000000</mostRecentDebtServiceAmount>
			<mostRecentDebtServiceCoverageNetOperatingIncomePercentage>3.29040000</mostRecentDebtServiceCoverageNetOperatingIncomePercentage>
			<mostRecentDebtServiceCoverageNetCashFlowpercentage>3.26930000</mostRecentDebtServiceCoverageNetCashFlowpercentage>
		</property>
		<property>
			<propertyName>326 East 89th Street</propertyName>
			<propertyAddress>326 East 89th Street</propertyAddress>
			<propertyCity>New York</propertyCity>
			<propertyState>NY</propertyState>
			<propertyZip>10128</propertyZip>
			<propertyCounty>New York</propertyCounty>
			<propertyTypeCode>MF</propertyTypeCode>
			<netRentableSquareFeetNumber>7650</netRentableSquareFeetNumber>
			<unitsBedsRoomsNumber>10</unitsBedsRoomsNumber>
			<unitsBedsRoomsSecuritizationNumber>10</unitsBedsRoomsSecuritizationNumber>
			<yearBuiltNumber>1920</yearBuiltNumber>
			<valuationSecuritizationAmount>4900000.00000000</valuationSecuritizationAmount>
			<valuationSourceSecuritizationCode>MAI</valuationSourceSecuritizationCode>
			<valuationSecuritizationDate>03-11-2025</valuationSecuritizationDate>
			<mostRecentValuationAmount>4900000.00000000</mostRecentValuationAmount>
			<mostRecentValuationDate>03-11-2025</mostRecentValuationDate>
			<mostRecentValuationSourceCode>MAI</mostRecentValuationSourceCode>
			<physicalOccupancySecuritizationPercentage>.90000000</physicalOccupancySecuritizationPercentage>
			<mostRecentPhysicalOccupancyPercentage>.90000000</mostRecentPhysicalOccupancyPercentage>
			<propertyStatusCode>6</propertyStatusCode>
			<DefeasedStatusCode>X</DefeasedStatusCode>
			<financialsSecuritizationDate>02-28-2025</financialsSecuritizationDate>
			<mostRecentFinancialsStartDate>06-01-2025</mostRecentFinancialsStartDate>
			<mostRecentFinancialsEndDate>12-31-2025</mostRecentFinancialsEndDate>
			<revenueSecuritizationAmount>383789.00000000</revenueSecuritizationAmount>
			<mostRecentRevenueAmount>665226.77140000</mostRecentRevenueAmount>
			<operatingExpensesSecuritizationAmount>114291.00000000</operatingExpensesSecuritizationAmount>
			<operatingExpensesAmount>227336.85270000</operatingExpensesAmount>
			<netOperatingIncomeSecuritizationAmount>269497.00000000</netOperatingIncomeSecuritizationAmount>
			<mostRecentNetOperatingIncomeAmount>437889.91870000</mostRecentNetOperatingIncomeAmount>
			<netCashFlowFlowSecuritizationAmount>266529.00000000</netCashFlowFlowSecuritizationAmount>
			<mostRecentNetCashFlowAmount>434920.91870000</mostRecentNetCashFlowAmount>
			<netOperatingIncomeNetCashFlowSecuritizationCode>UW</netOperatingIncomeNetCashFlowSecuritizationCode>
			<netOperatingIncomeNetCashFlowCode>CREFC</netOperatingIncomeNetCashFlowCode>
			<mostRecentDebtServiceAmount>135199.08000000</mostRecentDebtServiceAmount>
			<mostRecentDebtServiceCoverageNetOperatingIncomePercentage>3.23890000</mostRecentDebtServiceCoverageNetOperatingIncomePercentage>
			<mostRecentDebtServiceCoverageNetCashFlowpercentage>3.21690000</mostRecentDebtServiceCoverageNetCashFlowpercentage>
		</property>
		<property>
			<propertyName>237 East 33rd Street</propertyName>
			<propertyAddress>237 East 33rd Street</propertyAddress>
			<propertyCity>New York</propertyCity>
			<propertyState>NY</propertyState>
			<propertyZip>10016</propertyZip>
			<propertyCounty>New York</propertyCounty>
			<propertyTypeCode>MF</propertyTypeCode>
			<netRentableSquareFeetNumber>5175</netRentableSquareFeetNumber>
			<unitsBedsRoomsNumber>10</unitsBedsRoomsNumber>
			<unitsBedsRoomsSecuritizationNumber>10</unitsBedsRoomsSecuritizationNumber>
			<yearBuiltNumber>1926</yearBuiltNumber>
			<yearLastRenovated>1957</yearLastRenovated>
			<valuationSecuritizationAmount>4800000.00000000</valuationSecuritizationAmount>
			<valuationSourceSecuritizationCode>MAI</valuationSourceSecuritizationCode>
			<valuationSecuritizationDate>03-12-2025</valuationSecuritizationDate>
			<mostRecentValuationAmount>4800000.00000000</mostRecentValuationAmount>
			<mostRecentValuationDate>03-12-2025</mostRecentValuationDate>
			<mostRecentValuationSourceCode>MAI</mostRecentValuationSourceCode>
			<physicalOccupancySecuritizationPercentage>1.00000000</physicalOccupancySecuritizationPercentage>
			<mostRecentPhysicalOccupancyPercentage>1.00000000</mostRecentPhysicalOccupancyPercentage>
			<propertyStatusCode>6</propertyStatusCode>
			<DefeasedStatusCode>X</DefeasedStatusCode>
			<financialsSecuritizationDate>02-28-2025</financialsSecuritizationDate>
			<mostRecentFinancialsStartDate>06-01-2025</mostRecentFinancialsStartDate>
			<mostRecentFinancialsEndDate>12-31-2025</mostRecentFinancialsEndDate>
			<revenueSecuritizationAmount>395300.00000000</revenueSecuritizationAmount>
			<mostRecentRevenueAmount>685779.17140000</mostRecentRevenueAmount>
			<operatingExpensesSecuritizationAmount>202030.00000000</operatingExpensesSecuritizationAmount>
			<operatingExpensesAmount>270697.41290000</operatingExpensesAmount>
			<netOperatingIncomeSecuritizationAmount>193270.00000000</netOperatingIncomeSecuritizationAmount>
			<mostRecentNetOperatingIncomeAmount>415081.75850000</mostRecentNetOperatingIncomeAmount>
			<netCashFlowFlowSecuritizationAmount>190301.00000000</netCashFlowFlowSecuritizationAmount>
			<mostRecentNetCashFlowAmount>412112.75850000</mostRecentNetCashFlowAmount>
			<netOperatingIncomeNetCashFlowSecuritizationCode>UW</netOperatingIncomeNetCashFlowSecuritizationCode>
			<netOperatingIncomeNetCashFlowCode>CREFC</netOperatingIncomeNetCashFlowCode>
			<mostRecentDebtServiceAmount>126921.61720000</mostRecentDebtServiceAmount>
			<mostRecentDebtServiceCoverageNetOperatingIncomePercentage>3.27040000</mostRecentDebtServiceCoverageNetOperatingIncomePercentage>
			<mostRecentDebtServiceCoverageNetCashFlowpercentage>3.24700000</mostRecentDebtServiceCoverageNetCashFlowpercentage>
		</property>
		<property>
			<propertyName>Adini Portfolio</propertyName>
			<propertyAddress>324 East 89th Street</propertyAddress>
			<propertyCity>New York</propertyCity>
			<propertyState>NY</propertyState>
			<propertyZip>10128</propertyZip>
			<propertyCounty>New York</propertyCounty>
			<propertyTypeCode>MF</propertyTypeCode>
			<netRentableSquareFeetNumber>7250</netRentableSquareFeetNumber>
			<unitsBedsRoomsNumber>10</unitsBedsRoomsNumber>
			<unitsBedsRoomsSecuritizationNumber>10</unitsBedsRoomsSecuritizationNumber>
			<yearBuiltNumber>1920</yearBuiltNumber>
			<valuationSecuritizationAmount>3200000.00000000</valuationSecuritizationAmount>
			<valuationSourceSecuritizationCode>MAI</valuationSourceSecuritizationCode>
			<valuationSecuritizationDate>03-11-2025</valuationSecuritizationDate>
			<mostRecentValuationAmount>3200000.00000000</mostRecentValuationAmount>
			<mostRecentValuationDate>03-11-2025</mostRecentValuationDate>
			<mostRecentValuationSourceCode>MAI</mostRecentValuationSourceCode>
			<physicalOccupancySecuritizationPercentage>.80000000</physicalOccupancySecuritizationPercentage>
			<mostRecentPhysicalOccupancyPercentage>.80000000</mostRecentPhysicalOccupancyPercentage>
			<propertyStatusCode>6</propertyStatusCode>
			<DefeasedStatusCode>X</DefeasedStatusCode>
			<financialsSecuritizationDate>02-28-2025</financialsSecuritizationDate>
			<mostRecentFinancialsStartDate>06-01-2025</mostRecentFinancialsStartDate>
			<mostRecentFinancialsEndDate>12-31-2025</mostRecentFinancialsEndDate>
			<revenueSecuritizationAmount>263687.00000000</revenueSecuritizationAmount>
			<mostRecentRevenueAmount>427691.74280000</mostRecentRevenueAmount>
			<operatingExpensesSecuritizationAmount>160105.00000000</operatingExpensesSecuritizationAmount>
			<operatingExpensesAmount>283234.09720000</operatingExpensesAmount>
			<netOperatingIncomeSecuritizationAmount>103583.00000000</netOperatingIncomeSecuritizationAmount>
			<mostRecentNetOperatingIncomeAmount>144457.64560000</mostRecentNetOperatingIncomeAmount>
			<netCashFlowFlowSecuritizationAmount>100614.00000000</netCashFlowFlowSecuritizationAmount>
			<mostRecentNetCashFlowAmount>141488.64560000</mostRecentNetCashFlowAmount>
			<netOperatingIncomeNetCashFlowSecuritizationCode>UW</netOperatingIncomeNetCashFlowSecuritizationCode>
			<netOperatingIncomeNetCashFlowCode>CREFC</netOperatingIncomeNetCashFlowCode>
			<mostRecentDebtServiceAmount>88293.41150000</mostRecentDebtServiceAmount>
			<mostRecentDebtServiceCoverageNetOperatingIncomePercentage>1.63610000</mostRecentDebtServiceCoverageNetOperatingIncomePercentage>
			<mostRecentDebtServiceCoverageNetCashFlowpercentage>1.60250000</mostRecentDebtServiceCoverageNetCashFlowpercentage>
		</property>
		<assetAddedIndicator>false</assetAddedIndicator>
		<reportPeriodModificationIndicator>false</reportPeriodModificationIndicator>
		<reportPeriodBeginningScheduleLoanBalanceAmount>986393.98000000</reportPeriodBeginningScheduleLoanBalanceAmount>
		<totalScheduledPrincipalInterestDueAmount>6074.76000000</totalScheduledPrincipalInterestDueAmount>
		<reportPeriodInterestRatePercentage>.05389000</reportPeriodInterestRatePercentage>
		<servicerTrusteeFeeRatePercentage>.00016970</servicerTrusteeFeeRatePercentage>
		<scheduledInterestAmount>4134.42000000</scheduledInterestAmount>
		<scheduledPrincipalAmount>1940.34000000</scheduledPrincipalAmount>
		<otherPrincipalAdjustmentAmount>.00000000</otherPrincipalAdjustmentAmount>
		<reportPeriodEndActualBalanceAmount>984453.64000000</reportPeriodEndActualBalanceAmount>
		<reportPeriodEndScheduledLoanBalanceAmount>984453.64000000</reportPeriodEndScheduledLoanBalanceAmount>
		<paidThroughDate>03-01-2026</paidThroughDate>
		<servicingAdvanceMethodCode>1</servicingAdvanceMethodCode>
		<nonRecoverabilityIndicator>false</nonRecoverabilityIndicator>
		<totalPrincipalInterestAdvancedOutstandingAmount>.00000000</totalPrincipalInterestAdvancedOutstandingAmount>
		<totalTaxesInsuranceAdvancesOutstandingAmount>.00000000</totalTaxesInsuranceAdvancesOutstandingAmount>
		<otherExpensesAdvancedOutstandingAmount>.00000000</otherExpensesAdvancedOutstandingAmount>
		<paymentStatusLoanCode>0</paymentStatusLoanCode>
		<primaryServicerName>Midland</primaryServicerName>
		<assetSubjectDemandIndicator>false</assetSubjectDemandIndicator>
		<prepaymentPremiumYieldMaintenanceReceivedAmount>.00000000</prepaymentPremiumYieldMaintenanceReceivedAmount>
	</assets>
</assetData>
