Management's Assertion on Compliance with Applicable Regulation AB Servicing Criteria
1. 3650 REIT Loan Servicing LLC (the "Asserting Party") is responsible for assessing compliance with the servicing criteria applicable to it under paragraph (d) of Item 1122 of Regulation AB, as of and for the 12-month period ended December 31, 2025(the "Reporting Period"), as set forth in Appendix A hereto. The transactions covered by this report, include commercial mortgage-asset-backed securities transactions, as listed on Exhibit 1 hereto, for which the Asserting Party served as special servicer, and that were registered with the Securities and Exchange Commission pursuant to the Securities Act of 1933 (the "Platform");
2. The Asserting Party has engaged certain vendors, which are not servicers as defined in Item 1101(j) of Regulation AB (the "Vendors"), to perform specific, limited or scripted activities, and the Asserting Party elects to take responsibility for assessing compliance with the servicing criteria or portion of the servicing criteria applicable to such Vendors' activities as set forth in Appendix A hereto;
3. Except as set forth in paragraph 4 below, the Asserting Party used the criteria set forth in paragraph (d) of Item 1122 of Regulation AB to assess the compliance with the applicable servicing criteria;
4. The criteria listed in the column titled "Inapplicable Servicing Criteria" on Appendix A hereto are inapplicable to the Asserting Party based on the activities it performs, directly or through its Vendors, with respect to the Platform;
5. The Asserting Party has complied, in all material respects, with the applicable servicing criteria as of December 31, 2025 and for the Reporting Period with respect to the Platform taken as a whole;
6. The Asserting Party has not identified and is not aware of any material instance of noncompliance by the Vendors with the applicable servicing criteria as of December 31, 2025 and for the Reporting Period with respect to the Platform taken as a whole;
7. The Asserting Party has not identified any material deficiency in its policies and procedures to monitor the compliance by the Vendors with the applicable servicing criteria as of December 31,2025 and for the Reporting Period with respect to the Platform taken as a whole; and
8. Deloitte & Touche LLP, an independent registered public accounting firm, has issued an attestation report on the Asserting Party's assessment of compliance with the applicable servicing criteria for the Reporting Period.
February 25, 2026
3650 REIT Loan Servicing LLC,
a Delaware limited liability company
By:/s/ Peter LaPointe
Name: Peter LaPointe
Title: Managing Partner
Exhibit 1
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Pooling and Servicing Agreements |
Applicable Certification Period |
CSAIL 2019-C15 |
January 1, 2025 to December 31, 2025 |
CSAIL 2019-C17 |
January 1, 2025 to December 31, 2025 |
CSAIL 2020-C19 |
January 1, 2025 to December 31, 2025 |
CSAIL 2021-C20 |
January 1, 2025 to December 31, 2025 |
ALEN 2021-ACEN |
January 1, 2025 to December 31, 2025 |
3650R 2021-PF1 |
January 1, 2025 to December 31, 2025 |
JPMCC 2022-NLP |
January 1, 2025 to December 31, 2025 |
BX 2022-PSB* |
January 1, 2025 to July 15, 2025 |
INTOWN 2022-STAY* |
January 1, 2025 to March 17, 2025 |
3650R 2022-PF2 |
January 1, 2025 to December 31, 2025 |
BMARK 2023-V2 |
January 1, 2025 to December 31, 2025 |
BMO 2023-5C1 |
January 1, 2025 to December 31, 2025 |
MAD 2019-650M |
January 1, 2025 to September 5, 2025 |
BBCMS 2023-C21 |
January 1, 2025 to December 31, 2025 |
THE 2023-MIC |
January 1, 2025 to December 31, 2025 |
BBCMS 2024-5C25 |
January 1, 2025 to December 31, 2025 |
BMARK 2024-V9 |
January 1, 2025 to December 31, 2025 |
BMO 2024-C10 |
January 1, 2025 to December 31, 2025 |
BPR 2024-PARK |
January 1, 2025 to December 31, 2025 |
SELF 2024-STRG |
January 1, 2025 to December 31, 2025 |
BMO 2025-5C9** |
March 31, 2025 to December 31, 2025 |
BPR 2025-ALDR** |
June 12, 2025 to December 31, 2025 |
ARDN 2025-ARCP** |
June 17, 2025 to December 31, 2025 |
BBCMS 2025-5C37** |
September 25, 2025 to December 31, 2025 |
BMO 2025-5C13** |
December 30, 2025 to December 31, 2025 |
*The applicable Certification Period is through the date of final distribution
**The applicable Certification Period commences on the Closing Date as specified in the respective Pooling and Servicing Agreements.
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been received by the Servicer at least 30 calendar days prior to these dates, or such other number of days specified in the transaction agreements. |
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1122(d)(4)(xii) |
Any late payment penalties in connection with any payment to be made on behalf of an obligor are paid from the Servicer's funds and not charged to the obligor, unless the late payment was due to the obligor's error or omission. |
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X |
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1122(d)(4)(xiii) |
Disbursements made on behalf of an obligor are posted within two business days to the obligor's records maintained by the Servicer, or such other number of days specified in the transaction agreements. |
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X |
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1122(d)(4)(xiv) |
Delinquencies, charge-offs and uncollectible accounts are recognized and recorded in accordance with the transaction agreements. |
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X |
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1122(d)(4)(xv) |
Any external enhancement or other support, identified in Item 1114(a)(1) through (3) or Item 1115 of Regulation AB, is maintained as set forth in the transaction agreements. |
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X |
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X1- 3650 REIT Loan Servicing LLC performs the activities pertaining to this criterion, except for specific, limited activities performed by its third-party property managers relating to REO Property, if any. During the period of time addressed by this document, 3650 REIT Loan Servicing LLC was not servicing any REO properties; provided, however, in the event that 3650 REIT Loan Servicing LLC services a REO asset it has policies and procedures in place to service such asset in compliance with the applicable PSA and to supervise outside vendors who are assisting on the servicing of such REO asset to ensure said outside vendors’ activities comply with 3650 REIT Loan Servicing LLC’s applicable policies and procedures. 3650 REIT Loan Servicing LLC has elected to take responsibility for assessing compliance with these servicing criteria with respect to the activities of its third-party property managers. The Asserting Party’s management has determined that none of these vendors is considered a "servicer" as defined in Item 1101(j) of Regulation AB, and the Asserting Party’s management has elected to take responsibility for assessing compliance with the servicing criteria applicable to each vendor as permitted by the SEC's Compliance and Disclosure Interpretation ("C&DI") 200.06, Vendors Engaged by Servicers (C&DI 200.06) (formerly SEC Manual of Publicly Available Telephone Interpretations 17.06). The Asserting Party has policies and procedures in place designed to provide reasonable assurance that the vendors' activities comply in all material respects with the servicing criteria applicable to each vendor. The Asserting Party’s management is solely responsible for determining that it meets the SEC requirements to apply C&DI 200.06 for the vendors and related criteria.
X2- 3650 REIT Loan Servicing LLC performs the activities under the criteria; however, the related criteria is marked inapplicable as 3650 REIT Loan Servicing LLC did not have instances/activity for the year ended December 31, 2025 relating to the criteria.
X3- 3650 REIT Loan Servicing LLC performs the activities under the criteria for all transactions in Exhibit 1, excluding ALEN
2021-ACEN, JPMCC 2022-NLP, INTOWN 2022-STAY BX 2022-PSB, THE 2023-MIC, BPR 2024-PARK, SELF 2024-STRG, BPR 2025-ALDR, and ARDN 2025-ARCP ; however, the related criteria is marked inapplicable as 3650 REIT Loan Servicing LLC did not have instances/activity for the year ended December 31, 2025 relating to the criteria.
X4- Only items (A) and (B) of the Servicing Criteria are applicable to 3650 REIT Loan Servicing LLC as special servicer. Items
(C) and (D) are inapplicable as the responsibility for filing reports with the Commission and agreeing totals to the Servicer records rests with the Trustee and/or Certificate Administrator, as applicable.
X5- 3650 REIT Loan Servicing LLC performs the activities under this criteria; however, 3650 REIT Loan Servicing LLC has engaged various vendors to perform the activities required by this servicing criteria. The Asserting Party’s management has determined that none of these vendors is considered a "servicer" as defined in Item 1101(j) of Regulation AB, and the Asserting Party’s management has elected to take responsibility for assessing compliance with the servicing criteria applicable to each vendor as permitted by the SEC's Compliance and Disclosure Interpretation ("C&DI") 200.06, Vendors Engaged by Servicers (C&DI 200.06) (formerly SEC Manual of Publicly Available Telephone Interpretations 17.06). The Asserting Party has policies and procedures in place designed to provide reasonable assurance that the vendors' activities comply in all material respects with the servicing criteria applicable to each vendor. The Asserting Party’s management is solely responsible for determining that it meets the SEC requirements to apply C&DI 200.06 for the vendors and related criteria.
X6- 3650 REIT Loan Servicing LLC to date has not collected any payments on pool assets in that each applicable securitization’s master servicer has to date collected, deposited, and applies all such payments. Primary responsibility for processing borrower payments rests with the Master Servicer. 3650 REIT Loan Servicing LLC provides the applicable securitization’s master servicer with instructions for payment processing and reserve allocations for Specially Serviced Loans for which it serves as Lead Special Servicer, as well as for Performing Loans only to the extent such Major Decisions or Special Servicer Decisions require such instruction to the master servicer. 3650 REIT Loan Servicing LLC may from time to time receive payments on an exception basis related to services performed and fees charged as Special Servicer related to Major Decisions and/or Special Servicer Decisions, not related to payments on pool assets and/or reserve accounts.