<?xml version="1.0" encoding="us-ascii"?>
<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>
    <reportingPeriodBeginningDate>04-14-2026</reportingPeriodBeginningDate>
    <reportingPeriodEndDate>05-11-2026</reportingPeriodEndDate>
    <originatorName>WFB</originatorName>
    <originationDate>05-15-2025</originationDate>
    <originalLoanAmount>32000000.00</originalLoanAmount>
    <originalTermLoanNumber>60</originalTermLoanNumber>
    <maturityDate>06-11-2030</maturityDate>
    <originalInterestRatePercentage>0.0715</originalInterestRatePercentage>
    <interestRateSecuritizationPercentage>0.0715</interestRateSecuritizationPercentage>
    <interestAccrualMethodCode>3</interestAccrualMethodCode>
    <originalInterestRateTypeCode>1</originalInterestRateTypeCode>
    <originalInterestOnlyTermNumber>60</originalInterestOnlyTermNumber>
    <firstLoanPaymentDueDate>07-11-2025</firstLoanPaymentDueDate>
    <underwritingIndicator>true</underwritingIndicator>
    <lienPositionSecuritizationCode>1</lienPositionSecuritizationCode>
    <loanStructureCode>PP</loanStructureCode>
    <paymentTypeCode>3</paymentTypeCode>
    <periodicPrincipalAndInterestPaymentSecuritizationAmount>190666.67</periodicPrincipalAndInterestPaymentSecuritizationAmount>
    <scheduledPrincipalBalanceSecuritizationAmount>32000000.00</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>03-10-2030</prepaymentLockOutEndDate>
    <property>
      <propertyName>150 PALMETTO</propertyName>
      <propertyAddress>150 EAST PALMETTO PARK ROAD</propertyAddress>
      <propertyCity>Boca Raton</propertyCity>
      <propertyState>FL</propertyState>
      <propertyZip>33432</propertyZip>
      <propertyCounty>Palm Beach</propertyCounty>
      <propertyTypeCode>OF</propertyTypeCode>
      <netRentableSquareFeetNumber>110952</netRentableSquareFeetNumber>
      <netRentableSquareFeetSecuritizationNumber>110952</netRentableSquareFeetSecuritizationNumber>
      <yearBuiltNumber>1969</yearBuiltNumber>
      <yearLastRenovated>2023</yearLastRenovated>
      <valuationSecuritizationAmount>57300000.00</valuationSecuritizationAmount>
      <valuationSourceSecuritizationCode>MAI</valuationSourceSecuritizationCode>
      <valuationSecuritizationDate>04-17-2025</valuationSecuritizationDate>
      <physicalOccupancySecuritizationPercentage>0.94</physicalOccupancySecuritizationPercentage>
      <mostRecentPhysicalOccupancyPercentage>0.92</mostRecentPhysicalOccupancyPercentage>
      <propertyStatusCode>6</propertyStatusCode>
      <defeasanceOptionStartDate>08-11-2027</defeasanceOptionStartDate>
      <DefeasedStatusCode>N</DefeasedStatusCode>
      <largestTenant>Waypoint Residential Services  LLC [150palm]</largestTenant>
      <squareFeetLargestTenantNumber>14677</squareFeetLargestTenantNumber>
      <leaseExpirationLargestTenantDate>07-31-2033</leaseExpirationLargestTenantDate>
      <secondLargestTenant>Bank of America</secondLargestTenant>
      <squareFeetSecondLargestTenantNumber>14299</squareFeetSecondLargestTenantNumber>
      <leaseExpirationSecondLargestTenantDate>04-30-2031</leaseExpirationSecondLargestTenantDate>
      <thirdLargestTenant>Zen Offices  LLC [150palm] [E]</thirdLargestTenant>
      <squareFeetThirdLargestTenantNumber>12171</squareFeetThirdLargestTenantNumber>
      <leaseExpirationThirdLargestTenantDate>08-31-2030</leaseExpirationThirdLargestTenantDate>
      <financialsSecuritizationDate>02-28-2025</financialsSecuritizationDate>
      <mostRecentFinancialsStartDate>01-01-2026</mostRecentFinancialsStartDate>
      <mostRecentFinancialsEndDate>03-31-2026</mostRecentFinancialsEndDate>
      <revenueSecuritizationAmount>6473293.83</revenueSecuritizationAmount>
      <mostRecentRevenueAmount>1554805.00</mostRecentRevenueAmount>
      <operatingExpensesSecuritizationAmount>2369451.91</operatingExpensesSecuritizationAmount>
      <operatingExpensesAmount>581927.65</operatingExpensesAmount>
      <netOperatingIncomeSecuritizationAmount>4103841.92</netOperatingIncomeSecuritizationAmount>
      <mostRecentNetOperatingIncomeAmount>972877.35</mostRecentNetOperatingIncomeAmount>
      <netCashFlowFlowSecuritizationAmount>4020699.52</netCashFlowFlowSecuritizationAmount>
      <mostRecentNetCashFlowAmount>952091.35</mostRecentNetCashFlowAmount>
      <netOperatingIncomeNetCashFlowSecuritizationCode>UW</netOperatingIncomeNetCashFlowSecuritizationCode>
      <netOperatingIncomeNetCashFlowCode>CREFC</netOperatingIncomeNetCashFlowCode>
      <mostRecentDebtServiceAmount>634562.51</mostRecentDebtServiceAmount>
      <debtServiceCoverageNetOperatingIncomeSecuritizationPercentage>1.52</debtServiceCoverageNetOperatingIncomeSecuritizationPercentage>
      <mostRecentDebtServiceCoverageNetOperatingIncomePercentage>1.5331</mostRecentDebtServiceCoverageNetOperatingIncomePercentage>
      <debtServiceCoverageNetCashFlowSecuritizationPercentage>1.50</debtServiceCoverageNetCashFlowSecuritizationPercentage>
      <mostRecentDebtServiceCoverageNetCashFlowpercentage>1.5003</mostRecentDebtServiceCoverageNetCashFlowpercentage>
      <debtServiceCoverageSecuritizationCode>F</debtServiceCoverageSecuritizationCode>
      <mostRecentDebtServiceCoverageCode>F</mostRecentDebtServiceCoverageCode>
      <mostRecentAnnualLeaseRolloverReviewDate>03-31-2026</mostRecentAnnualLeaseRolloverReviewDate>
    </property>
    <assetAddedIndicator>false</assetAddedIndicator>
    <reportPeriodModificationIndicator>false</reportPeriodModificationIndicator>
    <reportPeriodBeginningScheduleLoanBalanceAmount>32000000.00</reportPeriodBeginningScheduleLoanBalanceAmount>
    <totalScheduledPrincipalInterestDueAmount>190666.67</totalScheduledPrincipalInterestDueAmount>
    <reportPeriodInterestRatePercentage>0.0715</reportPeriodInterestRatePercentage>
    <servicerTrusteeFeeRatePercentage>0.0002522</servicerTrusteeFeeRatePercentage>
    <scheduledInterestAmount>190666.67</scheduledInterestAmount>
    <scheduledPrincipalAmount>0.00</scheduledPrincipalAmount>
    <unscheduledPrincipalCollectedAmount>0.00</unscheduledPrincipalCollectedAmount>
    <reportPeriodEndActualBalanceAmount>32000000.00</reportPeriodEndActualBalanceAmount>
    <reportPeriodEndScheduledLoanBalanceAmount>32000000.00</reportPeriodEndScheduledLoanBalanceAmount>
    <paidThroughDate>05-11-2026</paidThroughDate>
    <servicingAdvanceMethodCode>1</servicingAdvanceMethodCode>
    <nonRecoverabilityIndicator>false</nonRecoverabilityIndicator>
    <totalPrincipalInterestAdvancedOutstandingAmount>0</totalPrincipalInterestAdvancedOutstandingAmount>
    <totalTaxesInsuranceAdvancesOutstandingAmount>0</totalTaxesInsuranceAdvancesOutstandingAmount>
    <otherExpensesAdvancedOutstandingAmount>0</otherExpensesAdvancedOutstandingAmount>
    <paymentStatusLoanCode>0</paymentStatusLoanCode>
    <nextInterestRatePercentage>0</nextInterestRatePercentage>
    <primaryServicerName>Trimont LLC</primaryServicerName>
    <assetSubjectDemandIndicator>false</assetSubjectDemandIndicator>
  </assets>
  <assets>
    <assetTypeNumber>Prospectus Loan ID</assetTypeNumber>
    <assetNumber>2</assetNumber>
    <reportingPeriodBeginningDate>04-14-2026</reportingPeriodBeginningDate>
    <reportingPeriodEndDate>05-11-2026</reportingPeriodEndDate>
    <originatorName>WFB</originatorName>
    <originationDate>05-15-2025</originationDate>
    <originalLoanAmount>23000000.00</originalLoanAmount>
    <originalTermLoanNumber>60</originalTermLoanNumber>
    <maturityDate>06-11-2030</maturityDate>
    <originalInterestRatePercentage>0.0715</originalInterestRatePercentage>
    <interestRateSecuritizationPercentage>0.0715</interestRateSecuritizationPercentage>
    <interestAccrualMethodCode>3</interestAccrualMethodCode>
    <originalInterestRateTypeCode>1</originalInterestRateTypeCode>
    <originalInterestOnlyTermNumber>60</originalInterestOnlyTermNumber>
    <firstLoanPaymentDueDate>07-11-2025</firstLoanPaymentDueDate>
    <underwritingIndicator>true</underwritingIndicator>
    <lienPositionSecuritizationCode>1</lienPositionSecuritizationCode>
    <loanStructureCode>PP</loanStructureCode>
    <paymentTypeCode>3</paymentTypeCode>
    <periodicPrincipalAndInterestPaymentSecuritizationAmount>137041.67</periodicPrincipalAndInterestPaymentSecuritizationAmount>
    <scheduledPrincipalBalanceSecuritizationAmount>23000000.00</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>03-10-2030</prepaymentLockOutEndDate>
    <property>
      <propertyName>120 PALMETTO</propertyName>
      <propertyAddress>120 EAST PALMETTO PARK ROAD</propertyAddress>
      <propertyCity>Boca Raton</propertyCity>
      <propertyState>FL</propertyState>
      <propertyZip>33432</propertyZip>
      <propertyCounty>Palm Beach</propertyCounty>
      <propertyTypeCode>OF</propertyTypeCode>
      <netRentableSquareFeetNumber>66783</netRentableSquareFeetNumber>
      <netRentableSquareFeetSecuritizationNumber>66783</netRentableSquareFeetSecuritizationNumber>
      <yearBuiltNumber>1997</yearBuiltNumber>
      <yearLastRenovated>2023</yearLastRenovated>
      <valuationSecuritizationAmount>42000000.00</valuationSecuritizationAmount>
      <valuationSourceSecuritizationCode>MAI</valuationSourceSecuritizationCode>
      <valuationSecuritizationDate>04-17-2025</valuationSecuritizationDate>
      <physicalOccupancySecuritizationPercentage>0.87</physicalOccupancySecuritizationPercentage>
      <mostRecentPhysicalOccupancyPercentage>1</mostRecentPhysicalOccupancyPercentage>
      <propertyStatusCode>6</propertyStatusCode>
      <defeasanceOptionStartDate>08-11-2027</defeasanceOptionStartDate>
      <DefeasedStatusCode>N</DefeasedStatusCode>
      <largestTenant>BB&amp;T Bank  N.A.</largestTenant>
      <squareFeetLargestTenantNumber>14196</squareFeetLargestTenantNumber>
      <leaseExpirationLargestTenantDate>09-19-2028</leaseExpirationLargestTenantDate>
      <secondLargestTenant>Fifth Third Bank</secondLargestTenant>
      <squareFeetSecondLargestTenantNumber>9890</squareFeetSecondLargestTenantNumber>
      <leaseExpirationSecondLargestTenantDate>12-31-2030</leaseExpirationSecondLargestTenantDate>
      <thirdLargestTenant>McDermott Will &amp; Shulte LLP [1]</thirdLargestTenant>
      <squareFeetThirdLargestTenantNumber>7244</squareFeetThirdLargestTenantNumber>
      <leaseExpirationThirdLargestTenantDate>09-30-2031</leaseExpirationThirdLargestTenantDate>
      <financialsSecuritizationDate>02-28-2025</financialsSecuritizationDate>
      <mostRecentFinancialsStartDate>01-01-2026</mostRecentFinancialsStartDate>
      <mostRecentFinancialsEndDate>03-31-2026</mostRecentFinancialsEndDate>
      <revenueSecuritizationAmount>4179341.62</revenueSecuritizationAmount>
      <mostRecentRevenueAmount>1069270.00</mostRecentRevenueAmount>
      <operatingExpensesSecuritizationAmount>1541342.21</operatingExpensesSecuritizationAmount>
      <operatingExpensesAmount>420083.60</operatingExpensesAmount>
      <netOperatingIncomeSecuritizationAmount>2637999.41</netOperatingIncomeSecuritizationAmount>
      <mostRecentNetOperatingIncomeAmount>649186.40</mostRecentNetOperatingIncomeAmount>
      <netCashFlowFlowSecuritizationAmount>2602680.41</netCashFlowFlowSecuritizationAmount>
      <mostRecentNetCashFlowAmount>640356.64</mostRecentNetCashFlowAmount>
      <netOperatingIncomeNetCashFlowSecuritizationCode>UW</netOperatingIncomeNetCashFlowSecuritizationCode>
      <netOperatingIncomeNetCashFlowCode>CREFC</netOperatingIncomeNetCashFlowCode>
      <mostRecentDebtServiceAmount>455812.50</mostRecentDebtServiceAmount>
      <debtServiceCoverageNetOperatingIncomeSecuritizationPercentage>1.52</debtServiceCoverageNetOperatingIncomeSecuritizationPercentage>
      <mostRecentDebtServiceCoverageNetOperatingIncomePercentage>1.4242</mostRecentDebtServiceCoverageNetOperatingIncomePercentage>
      <debtServiceCoverageNetCashFlowSecuritizationPercentage>1.50</debtServiceCoverageNetCashFlowSecuritizationPercentage>
      <mostRecentDebtServiceCoverageNetCashFlowpercentage>1.4048</mostRecentDebtServiceCoverageNetCashFlowpercentage>
      <debtServiceCoverageSecuritizationCode>F</debtServiceCoverageSecuritizationCode>
      <mostRecentDebtServiceCoverageCode>F</mostRecentDebtServiceCoverageCode>
      <mostRecentAnnualLeaseRolloverReviewDate>03-31-2026</mostRecentAnnualLeaseRolloverReviewDate>
    </property>
    <assetAddedIndicator>false</assetAddedIndicator>
    <reportPeriodModificationIndicator>false</reportPeriodModificationIndicator>
    <reportPeriodBeginningScheduleLoanBalanceAmount>23000000.00</reportPeriodBeginningScheduleLoanBalanceAmount>
    <totalScheduledPrincipalInterestDueAmount>137041.67</totalScheduledPrincipalInterestDueAmount>
    <reportPeriodInterestRatePercentage>0.0715</reportPeriodInterestRatePercentage>
    <servicerTrusteeFeeRatePercentage>0.0002522</servicerTrusteeFeeRatePercentage>
    <scheduledInterestAmount>137041.67</scheduledInterestAmount>
    <scheduledPrincipalAmount>0.00</scheduledPrincipalAmount>
    <unscheduledPrincipalCollectedAmount>0.00</unscheduledPrincipalCollectedAmount>
    <reportPeriodEndActualBalanceAmount>23000000.00</reportPeriodEndActualBalanceAmount>
    <reportPeriodEndScheduledLoanBalanceAmount>23000000.00</reportPeriodEndScheduledLoanBalanceAmount>
    <paidThroughDate>05-11-2026</paidThroughDate>
    <servicingAdvanceMethodCode>1</servicingAdvanceMethodCode>
    <nonRecoverabilityIndicator>false</nonRecoverabilityIndicator>
    <totalPrincipalInterestAdvancedOutstandingAmount>0</totalPrincipalInterestAdvancedOutstandingAmount>
    <totalTaxesInsuranceAdvancesOutstandingAmount>0</totalTaxesInsuranceAdvancesOutstandingAmount>
    <otherExpensesAdvancedOutstandingAmount>0</otherExpensesAdvancedOutstandingAmount>
    <paymentStatusLoanCode>0</paymentStatusLoanCode>
    <nextInterestRatePercentage>0</nextInterestRatePercentage>
    <primaryServicerName>Trimont LLC</primaryServicerName>
    <assetSubjectDemandIndicator>false</assetSubjectDemandIndicator>
  </assets>
  <assets>
    <assetTypeNumber>Prospectus Loan ID</assetTypeNumber>
    <assetNumber>3</assetNumber>
    <reportingPeriodBeginningDate>04-14-2026</reportingPeriodBeginningDate>
    <reportingPeriodEndDate>05-11-2026</reportingPeriodEndDate>
    <originatorName>MSBNA</originatorName>
    <originationDate>05-07-2025</originationDate>
    <originalLoanAmount>55000000.00</originalLoanAmount>
    <originalTermLoanNumber>60</originalTermLoanNumber>
    <maturityDate>06-01-2030</maturityDate>
    <originalAmortizationTermNumber>360</originalAmortizationTermNumber>
    <originalInterestRatePercentage>0.07094</originalInterestRatePercentage>
    <interestRateSecuritizationPercentage>0.07094</interestRateSecuritizationPercentage>
    <interestAccrualMethodCode>3</interestAccrualMethodCode>
    <originalInterestRateTypeCode>1</originalInterestRateTypeCode>
    <firstLoanPaymentDueDate>07-01-2025</firstLoanPaymentDueDate>
    <underwritingIndicator>true</underwritingIndicator>
    <lienPositionSecuritizationCode>1</lienPositionSecuritizationCode>
    <loanStructureCode>PP</loanStructureCode>
    <paymentTypeCode>2</paymentTypeCode>
    <periodicPrincipalAndInterestPaymentSecuritizationAmount>369395.09</periodicPrincipalAndInterestPaymentSecuritizationAmount>
    <scheduledPrincipalBalanceSecuritizationAmount>54955746.58</scheduledPrincipalBalanceSecuritizationAmount>
    <paymentFrequencyCode>1</paymentFrequencyCode>
    <NumberPropertiesSecuritization>1</NumberPropertiesSecuritization>
    <NumberProperties>1</NumberProperties>
    <graceDaysAllowedNumber>5</graceDaysAllowedNumber>
    <interestOnlyIndicator>false</interestOnlyIndicator>
    <balloonIndicator>true</balloonIndicator>
    <prepaymentPremiumIndicator>false</prepaymentPremiumIndicator>
    <negativeAmortizationIndicator>false</negativeAmortizationIndicator>
    <modifiedIndicator>false</modifiedIndicator>
    <prepaymentLockOutEndDate>11-30-2029</prepaymentLockOutEndDate>
    <property>
      <propertyName>RIDGEDALE CENTER</propertyName>
      <propertyAddress>12401 WAYZATA BOULEVARD</propertyAddress>
      <propertyCity>Minnetonka</propertyCity>
      <propertyState>MN</propertyState>
      <propertyZip>55305</propertyZip>
      <propertyCounty>Hennepin</propertyCounty>
      <propertyTypeCode>RT</propertyTypeCode>
      <netRentableSquareFeetNumber>562474</netRentableSquareFeetNumber>
      <netRentableSquareFeetSecuritizationNumber>562474</netRentableSquareFeetSecuritizationNumber>
      <yearBuiltNumber>1974</yearBuiltNumber>
      <yearLastRenovated>2018</yearLastRenovated>
      <valuationSecuritizationAmount>226000000.00</valuationSecuritizationAmount>
      <valuationSourceSecuritizationCode>MAI</valuationSourceSecuritizationCode>
      <valuationSecuritizationDate>02-10-2025</valuationSecuritizationDate>
      <physicalOccupancySecuritizationPercentage>0.9</physicalOccupancySecuritizationPercentage>
      <mostRecentPhysicalOccupancyPercentage>0.91</mostRecentPhysicalOccupancyPercentage>
      <propertyStatusCode>6</propertyStatusCode>
      <defeasanceOptionStartDate>08-01-2027</defeasanceOptionStartDate>
      <DefeasedStatusCode>N</DefeasedStatusCode>
      <largestTenant>Dick's Sporting Goods</largestTenant>
      <squareFeetLargestTenantNumber>115262</squareFeetLargestTenantNumber>
      <leaseExpirationLargestTenantDate>01-31-2033</leaseExpirationLargestTenantDate>
      <secondLargestTenant>Planet Fitness</secondLargestTenant>
      <squareFeetSecondLargestTenantNumber>22316</squareFeetSecondLargestTenantNumber>
      <leaseExpirationSecondLargestTenantDate>11-30-2032</leaseExpirationSecondLargestTenantDate>
      <thirdLargestTenant>H &amp; M Int'l Transportation</thirdLargestTenant>
      <squareFeetThirdLargestTenantNumber>17198</squareFeetThirdLargestTenantNumber>
      <leaseExpirationThirdLargestTenantDate>12-31-2026</leaseExpirationThirdLargestTenantDate>
      <financialsSecuritizationDate>12-31-2024</financialsSecuritizationDate>
      <mostRecentFinancialsStartDate>12-31-2024</mostRecentFinancialsStartDate>
      <mostRecentFinancialsEndDate>12-31-2025</mostRecentFinancialsEndDate>
      <revenueSecuritizationAmount>27832696.02</revenueSecuritizationAmount>
      <mostRecentRevenueAmount>26098871.00</mostRecentRevenueAmount>
      <operatingExpensesSecuritizationAmount>10522661.93</operatingExpensesSecuritizationAmount>
      <operatingExpensesAmount>11116747.26</operatingExpensesAmount>
      <netOperatingIncomeSecuritizationAmount>17310034.09</netOperatingIncomeSecuritizationAmount>
      <mostRecentNetOperatingIncomeAmount>14982123.74</mostRecentNetOperatingIncomeAmount>
      <netCashFlowFlowSecuritizationAmount>16111964.47</netCashFlowFlowSecuritizationAmount>
      <mostRecentNetCashFlowAmount>13784054.12</mostRecentNetCashFlowAmount>
      <netOperatingIncomeNetCashFlowSecuritizationCode>UW</netOperatingIncomeNetCashFlowSecuritizationCode>
      <netOperatingIncomeNetCashFlowCode>CREFC</netOperatingIncomeNetCashFlowCode>
      <mostRecentDebtServiceAmount>9671435.04</mostRecentDebtServiceAmount>
      <debtServiceCoverageNetOperatingIncomeSecuritizationPercentage>1.79</debtServiceCoverageNetOperatingIncomeSecuritizationPercentage>
      <mostRecentDebtServiceCoverageNetOperatingIncomePercentage>1.5491</mostRecentDebtServiceCoverageNetOperatingIncomePercentage>
      <debtServiceCoverageNetCashFlowSecuritizationPercentage>1.67</debtServiceCoverageNetCashFlowSecuritizationPercentage>
      <mostRecentDebtServiceCoverageNetCashFlowpercentage>1.4252</mostRecentDebtServiceCoverageNetCashFlowpercentage>
      <debtServiceCoverageSecuritizationCode>F</debtServiceCoverageSecuritizationCode>
      <mostRecentDebtServiceCoverageCode>F</mostRecentDebtServiceCoverageCode>
      <mostRecentAnnualLeaseRolloverReviewDate>12-20-2025</mostRecentAnnualLeaseRolloverReviewDate>
    </property>
    <assetAddedIndicator>false</assetAddedIndicator>
    <reportPeriodModificationIndicator>false</reportPeriodModificationIndicator>
    <reportPeriodBeginningScheduleLoanBalanceAmount>54590244.95</reportPeriodBeginningScheduleLoanBalanceAmount>
    <totalScheduledPrincipalInterestDueAmount>369395.09</totalScheduledPrincipalInterestDueAmount>
    <reportPeriodInterestRatePercentage>0.07094</reportPeriodInterestRatePercentage>
    <servicerTrusteeFeeRatePercentage>0.0002522</servicerTrusteeFeeRatePercentage>
    <scheduledInterestAmount>322719.33</scheduledInterestAmount>
    <scheduledPrincipalAmount>46675.76</scheduledPrincipalAmount>
    <unscheduledPrincipalCollectedAmount>0.00</unscheduledPrincipalCollectedAmount>
    <reportPeriodEndActualBalanceAmount>54543569.19</reportPeriodEndActualBalanceAmount>
    <reportPeriodEndScheduledLoanBalanceAmount>54543569.19</reportPeriodEndScheduledLoanBalanceAmount>
    <paidThroughDate>05-01-2026</paidThroughDate>
    <servicingAdvanceMethodCode>1</servicingAdvanceMethodCode>
    <nonRecoverabilityIndicator>false</nonRecoverabilityIndicator>
    <totalPrincipalInterestAdvancedOutstandingAmount>0</totalPrincipalInterestAdvancedOutstandingAmount>
    <totalTaxesInsuranceAdvancesOutstandingAmount>0</totalTaxesInsuranceAdvancesOutstandingAmount>
    <otherExpensesAdvancedOutstandingAmount>0</otherExpensesAdvancedOutstandingAmount>
    <paymentStatusLoanCode>0</paymentStatusLoanCode>
    <nextInterestRatePercentage>0</nextInterestRatePercentage>
    <primaryServicerName>Trimont LLC</primaryServicerName>
    <assetSubjectDemandIndicator>false</assetSubjectDemandIndicator>
  </assets>
  <assets>
    <assetTypeNumber>Prospectus Loan ID</assetTypeNumber>
    <assetNumber>4</assetNumber>
    <reportingPeriodBeginningDate>04-14-2026</reportingPeriodBeginningDate>
    <reportingPeriodEndDate>05-11-2026</reportingPeriodEndDate>
    <originatorName>BANA</originatorName>
    <originationDate>04-14-2025</originationDate>
    <originalLoanAmount>25000000.00</originalLoanAmount>
    <originalTermLoanNumber>60</originalTermLoanNumber>
    <maturityDate>05-01-2030</maturityDate>
    <originalInterestRatePercentage>0.0633195</originalInterestRatePercentage>
    <interestRateSecuritizationPercentage>0.0633195</interestRateSecuritizationPercentage>
    <interestAccrualMethodCode>3</interestAccrualMethodCode>
    <originalInterestRateTypeCode>1</originalInterestRateTypeCode>
    <originalInterestOnlyTermNumber>60</originalInterestOnlyTermNumber>
    <firstLoanPaymentDueDate>06-01-2025</firstLoanPaymentDueDate>
    <underwritingIndicator>true</underwritingIndicator>
    <lienPositionSecuritizationCode>1</lienPositionSecuritizationCode>
    <loanStructureCode>A1</loanStructureCode>
    <paymentTypeCode>3</paymentTypeCode>
    <periodicPrincipalAndInterestPaymentSecuritizationAmount>237448.13</periodicPrincipalAndInterestPaymentSecuritizationAmount>
    <scheduledPrincipalBalanceSecuritizationAmount>25000000.00</scheduledPrincipalBalanceSecuritizationAmount>
    <paymentFrequencyCode>1</paymentFrequencyCode>
    <NumberPropertiesSecuritization>1</NumberPropertiesSecuritization>
    <NumberProperties>1</NumberProperties>
    <graceDaysAllowedNumber>3</graceDaysAllowedNumber>
    <interestOnlyIndicator>true</interestOnlyIndicator>
    <balloonIndicator>true</balloonIndicator>
    <prepaymentPremiumIndicator>false</prepaymentPremiumIndicator>
    <negativeAmortizationIndicator>false</negativeAmortizationIndicator>
    <modifiedIndicator>false</modifiedIndicator>
    <prepaymentLockOutEndDate>10-31-2029</prepaymentLockOutEndDate>
    <property>
      <propertyName>1535 BROADWAY</propertyName>
      <propertyAddress>1535 BROADWAY</propertyAddress>
      <propertyCity>New York</propertyCity>
      <propertyState>NY</propertyState>
      <propertyZip>10012</propertyZip>
      <propertyCounty>New York</propertyCounty>
      <propertyTypeCode>RT</propertyTypeCode>
      <netRentableSquareFeetNumber>106481</netRentableSquareFeetNumber>
      <netRentableSquareFeetSecuritizationNumber>106481</netRentableSquareFeetSecuritizationNumber>
      <yearBuiltNumber>1985</yearBuiltNumber>
      <yearLastRenovated>2014</yearLastRenovated>
      <valuationSecuritizationAmount>1040000000.00</valuationSecuritizationAmount>
      <valuationSourceSecuritizationCode>MAI</valuationSourceSecuritizationCode>
      <valuationSecuritizationDate>10-01-2024</valuationSecuritizationDate>
      <physicalOccupancySecuritizationPercentage>0.99</physicalOccupancySecuritizationPercentage>
      <mostRecentPhysicalOccupancyPercentage>1</mostRecentPhysicalOccupancyPercentage>
      <propertyStatusCode>6</propertyStatusCode>
      <defeasanceOptionStartDate>08-01-2027</defeasanceOptionStartDate>
      <DefeasedStatusCode>N</DefeasedStatusCode>
      <largestTenant>Marquis Theatre Assoc</largestTenant>
      <squareFeetLargestTenantNumber>61681</squareFeetLargestTenantNumber>
      <leaseExpirationLargestTenantDate>07-31-2050</leaseExpirationLargestTenantDate>
      <secondLargestTenant>Levi's</secondLargestTenant>
      <squareFeetSecondLargestTenantNumber>17313</squareFeetSecondLargestTenantNumber>
      <leaseExpirationSecondLargestTenantDate>01-31-2029</leaseExpirationSecondLargestTenantDate>
      <thirdLargestTenant>Sephora</thirdLargestTenant>
      <squareFeetThirdLargestTenantNumber>16146</squareFeetThirdLargestTenantNumber>
      <leaseExpirationThirdLargestTenantDate>01-31-2029</leaseExpirationThirdLargestTenantDate>
      <financialsSecuritizationDate>12-31-2024</financialsSecuritizationDate>
      <mostRecentFinancialsStartDate>12-31-2024</mostRecentFinancialsStartDate>
      <mostRecentFinancialsEndDate>12-31-2025</mostRecentFinancialsEndDate>
      <revenueSecuritizationAmount>74830349.75</revenueSecuritizationAmount>
      <mostRecentRevenueAmount>74781770.00</mostRecentRevenueAmount>
      <operatingExpensesSecuritizationAmount>14935900.99</operatingExpensesSecuritizationAmount>
      <operatingExpensesAmount>19449528.80</operatingExpensesAmount>
      <netOperatingIncomeSecuritizationAmount>59894448.76</netOperatingIncomeSecuritizationAmount>
      <mostRecentNetOperatingIncomeAmount>55332241.20</mostRecentNetOperatingIncomeAmount>
      <netCashFlowFlowSecuritizationAmount>59504866.51</netCashFlowFlowSecuritizationAmount>
      <mostRecentNetCashFlowAmount>54942659.20</mostRecentNetCashFlowAmount>
      <netOperatingIncomeNetCashFlowSecuritizationCode>UW</netOperatingIncomeNetCashFlowSecuritizationCode>
      <netOperatingIncomeNetCashFlowCode>CREFC</netOperatingIncomeNetCashFlowCode>
      <mostRecentDebtServiceAmount>21128237.00</mostRecentDebtServiceAmount>
      <debtServiceCoverageNetOperatingIncomeSecuritizationPercentage>3.37</debtServiceCoverageNetOperatingIncomeSecuritizationPercentage>
      <mostRecentDebtServiceCoverageNetOperatingIncomePercentage>2.6188</mostRecentDebtServiceCoverageNetOperatingIncomePercentage>
      <debtServiceCoverageNetCashFlowSecuritizationPercentage>3.34</debtServiceCoverageNetCashFlowSecuritizationPercentage>
      <mostRecentDebtServiceCoverageNetCashFlowpercentage>2.6004</mostRecentDebtServiceCoverageNetCashFlowpercentage>
      <debtServiceCoverageSecuritizationCode>F</debtServiceCoverageSecuritizationCode>
      <mostRecentDebtServiceCoverageCode>F</mostRecentDebtServiceCoverageCode>
      <mostRecentAnnualLeaseRolloverReviewDate>10-01-2025</mostRecentAnnualLeaseRolloverReviewDate>
    </property>
    <assetAddedIndicator>false</assetAddedIndicator>
    <reportPeriodModificationIndicator>false</reportPeriodModificationIndicator>
    <reportPeriodBeginningScheduleLoanBalanceAmount>25000000.00</reportPeriodBeginningScheduleLoanBalanceAmount>
    <totalScheduledPrincipalInterestDueAmount>131915.62</totalScheduledPrincipalInterestDueAmount>
    <reportPeriodInterestRatePercentage>0.0633195</reportPeriodInterestRatePercentage>
    <servicerTrusteeFeeRatePercentage>0.0002312</servicerTrusteeFeeRatePercentage>
    <scheduledInterestAmount>131915.62</scheduledInterestAmount>
    <scheduledPrincipalAmount>0.00</scheduledPrincipalAmount>
    <unscheduledPrincipalCollectedAmount>0.00</unscheduledPrincipalCollectedAmount>
    <reportPeriodEndActualBalanceAmount>25000000.00</reportPeriodEndActualBalanceAmount>
    <reportPeriodEndScheduledLoanBalanceAmount>25000000.00</reportPeriodEndScheduledLoanBalanceAmount>
    <paidThroughDate>05-01-2026</paidThroughDate>
    <servicingAdvanceMethodCode>1</servicingAdvanceMethodCode>
    <nonRecoverabilityIndicator>false</nonRecoverabilityIndicator>
    <totalPrincipalInterestAdvancedOutstandingAmount>0</totalPrincipalInterestAdvancedOutstandingAmount>
    <totalTaxesInsuranceAdvancesOutstandingAmount>0</totalTaxesInsuranceAdvancesOutstandingAmount>
    <otherExpensesAdvancedOutstandingAmount>0</otherExpensesAdvancedOutstandingAmount>
    <paymentStatusLoanCode>0</paymentStatusLoanCode>
    <nextInterestRatePercentage>0</nextInterestRatePercentage>
    <primaryServicerName>Midland Loan Services</primaryServicerName>
    <assetSubjectDemandIndicator>false</assetSubjectDemandIndicator>
  </assets>
  <assets>
    <assetTypeNumber>Prospectus Loan ID</assetTypeNumber>
    <assetNumber>4A</assetNumber>
    <reportingPeriodBeginningDate>04-14-2026</reportingPeriodBeginningDate>
    <reportingPeriodEndDate>05-11-2026</reportingPeriodEndDate>
    <originatorName>BANA</originatorName>
    <originationDate>04-14-2025</originationDate>
    <originalLoanAmount>20000000.00</originalLoanAmount>
    <originalTermLoanNumber>60</originalTermLoanNumber>
    <maturityDate>05-01-2030</maturityDate>
    <originalInterestRatePercentage>0.0633195</originalInterestRatePercentage>
    <interestRateSecuritizationPercentage>0.0633195</interestRateSecuritizationPercentage>
    <interestAccrualMethodCode>3</interestAccrualMethodCode>
    <originalInterestRateTypeCode>1</originalInterestRateTypeCode>
    <originalInterestOnlyTermNumber>60</originalInterestOnlyTermNumber>
    <firstLoanPaymentDueDate>06-01-2025</firstLoanPaymentDueDate>
    <lienPositionSecuritizationCode>1</lienPositionSecuritizationCode>
    <loanStructureCode>A1</loanStructureCode>
    <paymentTypeCode>3</paymentTypeCode>
    <scheduledPrincipalBalanceSecuritizationAmount>20000000.00</scheduledPrincipalBalanceSecuritizationAmount>
    <paymentFrequencyCode>1</paymentFrequencyCode>
    <graceDaysAllowedNumber>3</graceDaysAllowedNumber>
    <interestOnlyIndicator>true</interestOnlyIndicator>
    <balloonIndicator>true</balloonIndicator>
    <prepaymentPremiumIndicator>false</prepaymentPremiumIndicator>
    <negativeAmortizationIndicator>false</negativeAmortizationIndicator>
    <modifiedIndicator>false</modifiedIndicator>
    <property>
      <propertyName>NA</propertyName>
      <propertyState>NA</propertyState>
      <DefeasedStatusCode>N</DefeasedStatusCode>
    </property>
    <assetAddedIndicator>false</assetAddedIndicator>
    <reportPeriodModificationIndicator>false</reportPeriodModificationIndicator>
    <reportPeriodBeginningScheduleLoanBalanceAmount>20000000.00</reportPeriodBeginningScheduleLoanBalanceAmount>
    <totalScheduledPrincipalInterestDueAmount>105532.50</totalScheduledPrincipalInterestDueAmount>
    <reportPeriodInterestRatePercentage>0.0633195</reportPeriodInterestRatePercentage>
    <servicerTrusteeFeeRatePercentage>0.0002312</servicerTrusteeFeeRatePercentage>
    <scheduledInterestAmount>105532.50</scheduledInterestAmount>
    <scheduledPrincipalAmount>0.00</scheduledPrincipalAmount>
    <unscheduledPrincipalCollectedAmount>0.00</unscheduledPrincipalCollectedAmount>
    <reportPeriodEndActualBalanceAmount>20000000.00</reportPeriodEndActualBalanceAmount>
    <reportPeriodEndScheduledLoanBalanceAmount>20000000.00</reportPeriodEndScheduledLoanBalanceAmount>
    <paidThroughDate>05-01-2026</paidThroughDate>
    <servicingAdvanceMethodCode>1</servicingAdvanceMethodCode>
    <nonRecoverabilityIndicator>false</nonRecoverabilityIndicator>
    <totalPrincipalInterestAdvancedOutstandingAmount>0</totalPrincipalInterestAdvancedOutstandingAmount>
    <totalTaxesInsuranceAdvancesOutstandingAmount>0</totalTaxesInsuranceAdvancesOutstandingAmount>
    <otherExpensesAdvancedOutstandingAmount>0</otherExpensesAdvancedOutstandingAmount>
    <paymentStatusLoanCode>0</paymentStatusLoanCode>
    <nextInterestRatePercentage>0</nextInterestRatePercentage>
    <assetSubjectDemandIndicator>false</assetSubjectDemandIndicator>
  </assets>
  <assets>
    <assetTypeNumber>Prospectus Loan ID</assetTypeNumber>
    <assetNumber>5</assetNumber>
    <reportingPeriodBeginningDate>04-14-2026</reportingPeriodBeginningDate>
    <reportingPeriodEndDate>05-11-2026</reportingPeriodEndDate>
    <originatorName>JPMCB</originatorName>
    <originationDate>05-23-2025</originationDate>
    <originalLoanAmount>42500000.00</originalLoanAmount>
    <originalTermLoanNumber>60</originalTermLoanNumber>
    <maturityDate>06-05-2030</maturityDate>
    <originalInterestRatePercentage>0.05871</originalInterestRatePercentage>
    <interestRateSecuritizationPercentage>0.05871</interestRateSecuritizationPercentage>
    <interestAccrualMethodCode>3</interestAccrualMethodCode>
    <originalInterestRateTypeCode>1</originalInterestRateTypeCode>
    <originalInterestOnlyTermNumber>60</originalInterestOnlyTermNumber>
    <firstLoanPaymentDueDate>07-05-2025</firstLoanPaymentDueDate>
    <underwritingIndicator>true</underwritingIndicator>
    <lienPositionSecuritizationCode>1</lienPositionSecuritizationCode>
    <loanStructureCode>PP</loanStructureCode>
    <paymentTypeCode>3</paymentTypeCode>
    <periodicPrincipalAndInterestPaymentSecuritizationAmount>207931.25</periodicPrincipalAndInterestPaymentSecuritizationAmount>
    <scheduledPrincipalBalanceSecuritizationAmount>42500000.00</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>07-04-2027</prepaymentLockOutEndDate>
    <yieldMaintenanceEndDate>01-04-2030</yieldMaintenanceEndDate>
    <prepaymentPremiumsEndDate>01-04-2030</prepaymentPremiumsEndDate>
    <property>
      <propertyName>7 PENN PLAZA</propertyName>
      <propertyAddress>370 SEVENTH AVENUE</propertyAddress>
      <propertyCity>New York</propertyCity>
      <propertyState>NY</propertyState>
      <propertyZip>10001</propertyZip>
      <propertyCounty>New York</propertyCounty>
      <propertyTypeCode>OF</propertyTypeCode>
      <netRentableSquareFeetNumber>405672</netRentableSquareFeetNumber>
      <netRentableSquareFeetSecuritizationNumber>405672</netRentableSquareFeetSecuritizationNumber>
      <yearBuiltNumber>1921</yearBuiltNumber>
      <yearLastRenovated>2023</yearLastRenovated>
      <valuationSecuritizationAmount>136400000.00</valuationSecuritizationAmount>
      <valuationSourceSecuritizationCode>MAI</valuationSourceSecuritizationCode>
      <valuationSecuritizationDate>04-01-2025</valuationSecuritizationDate>
      <physicalOccupancySecuritizationPercentage>0.68</physicalOccupancySecuritizationPercentage>
      <mostRecentPhysicalOccupancyPercentage>0.7</mostRecentPhysicalOccupancyPercentage>
      <propertyStatusCode>6</propertyStatusCode>
      <DefeasedStatusCode>X</DefeasedStatusCode>
      <largestTenant>ComScore Networks  Inc</largestTenant>
      <squareFeetLargestTenantNumber>36351</squareFeetLargestTenantNumber>
      <leaseExpirationLargestTenantDate>08-31-2027</leaseExpirationLargestTenantDate>
      <secondLargestTenant>MULLIGAN SECURITY LLC.</secondLargestTenant>
      <squareFeetSecondLargestTenantNumber>25254</squareFeetSecondLargestTenantNumber>
      <leaseExpirationSecondLargestTenantDate>06-30-2036</leaseExpirationSecondLargestTenantDate>
      <thirdLargestTenant>SOSV NY LLC.</thirdLargestTenant>
      <squareFeetThirdLargestTenantNumber>24813</squareFeetThirdLargestTenantNumber>
      <leaseExpirationThirdLargestTenantDate>03-31-2033</leaseExpirationThirdLargestTenantDate>
      <financialsSecuritizationDate>03-31-2025</financialsSecuritizationDate>
      <mostRecentFinancialsStartDate>01-01-2025</mostRecentFinancialsStartDate>
      <mostRecentFinancialsEndDate>09-30-2025</mostRecentFinancialsEndDate>
      <revenueSecuritizationAmount>20833080.80</revenueSecuritizationAmount>
      <mostRecentRevenueAmount>15317520.00</mostRecentRevenueAmount>
      <operatingExpensesSecuritizationAmount>10584248.04</operatingExpensesSecuritizationAmount>
      <operatingExpensesAmount>7820089.31</operatingExpensesAmount>
      <netOperatingIncomeSecuritizationAmount>10248832.76</netOperatingIncomeSecuritizationAmount>
      <mostRecentNetOperatingIncomeAmount>7497430.69</mostRecentNetOperatingIncomeAmount>
      <netCashFlowFlowSecuritizationAmount>9762026.36</netCashFlowFlowSecuritizationAmount>
      <mostRecentNetCashFlowAmount>7132325.89</mostRecentNetCashFlowAmount>
      <netOperatingIncomeNetCashFlowSecuritizationCode>UW</netOperatingIncomeNetCashFlowSecuritizationCode>
      <netOperatingIncomeNetCashFlowCode>CREFC</netOperatingIncomeNetCashFlowCode>
      <mostRecentDebtServiceAmount>2292869.67</mostRecentDebtServiceAmount>
      <debtServiceCoverageNetOperatingIncomeSecuritizationPercentage>3.34</debtServiceCoverageNetOperatingIncomeSecuritizationPercentage>
      <mostRecentDebtServiceCoverageNetOperatingIncomePercentage>3.2698</mostRecentDebtServiceCoverageNetOperatingIncomePercentage>
      <debtServiceCoverageNetCashFlowSecuritizationPercentage>3.18</debtServiceCoverageNetCashFlowSecuritizationPercentage>
      <mostRecentDebtServiceCoverageNetCashFlowpercentage>3.1106</mostRecentDebtServiceCoverageNetCashFlowpercentage>
      <debtServiceCoverageSecuritizationCode>F</debtServiceCoverageSecuritizationCode>
      <mostRecentDebtServiceCoverageCode>F</mostRecentDebtServiceCoverageCode>
      <mostRecentAnnualLeaseRolloverReviewDate>12-31-2025</mostRecentAnnualLeaseRolloverReviewDate>
    </property>
    <assetAddedIndicator>false</assetAddedIndicator>
    <reportPeriodModificationIndicator>false</reportPeriodModificationIndicator>
    <reportPeriodBeginningScheduleLoanBalanceAmount>42500000.00</reportPeriodBeginningScheduleLoanBalanceAmount>
    <totalScheduledPrincipalInterestDueAmount>207931.25</totalScheduledPrincipalInterestDueAmount>
    <reportPeriodInterestRatePercentage>0.05871</reportPeriodInterestRatePercentage>
    <servicerTrusteeFeeRatePercentage>0.0002397</servicerTrusteeFeeRatePercentage>
    <scheduledInterestAmount>207931.25</scheduledInterestAmount>
    <scheduledPrincipalAmount>0.00</scheduledPrincipalAmount>
    <unscheduledPrincipalCollectedAmount>0.00</unscheduledPrincipalCollectedAmount>
    <reportPeriodEndActualBalanceAmount>42500000.00</reportPeriodEndActualBalanceAmount>
    <reportPeriodEndScheduledLoanBalanceAmount>42500000.00</reportPeriodEndScheduledLoanBalanceAmount>
    <paidThroughDate>05-05-2026</paidThroughDate>
    <servicingAdvanceMethodCode>1</servicingAdvanceMethodCode>
    <nonRecoverabilityIndicator>false</nonRecoverabilityIndicator>
    <totalPrincipalInterestAdvancedOutstandingAmount>0</totalPrincipalInterestAdvancedOutstandingAmount>
    <totalTaxesInsuranceAdvancesOutstandingAmount>0</totalTaxesInsuranceAdvancesOutstandingAmount>
    <otherExpensesAdvancedOutstandingAmount>0</otherExpensesAdvancedOutstandingAmount>
    <paymentStatusLoanCode>0</paymentStatusLoanCode>
    <nextInterestRatePercentage>0</nextInterestRatePercentage>
    <primaryServicerName>Trimont LLC</primaryServicerName>
    <assetSubjectDemandIndicator>false</assetSubjectDemandIndicator>
  </assets>
  <assets>
    <assetTypeNumber>Prospectus Loan ID</assetTypeNumber>
    <assetNumber>6</assetNumber>
    <reportingPeriodBeginningDate>04-14-2026</reportingPeriodBeginningDate>
    <reportingPeriodEndDate>05-11-2026</reportingPeriodEndDate>
    <originatorName>MSBNA</originatorName>
    <originationDate>05-13-2025</originationDate>
    <originalLoanAmount>35400000.00</originalLoanAmount>
    <originalTermLoanNumber>60</originalTermLoanNumber>
    <maturityDate>06-06-2030</maturityDate>
    <originalInterestRatePercentage>0.0687</originalInterestRatePercentage>
    <interestRateSecuritizationPercentage>0.0687</interestRateSecuritizationPercentage>
    <interestAccrualMethodCode>3</interestAccrualMethodCode>
    <originalInterestRateTypeCode>1</originalInterestRateTypeCode>
    <originalInterestOnlyTermNumber>60</originalInterestOnlyTermNumber>
    <firstLoanPaymentDueDate>07-06-2025</firstLoanPaymentDueDate>
    <underwritingIndicator>true</underwritingIndicator>
    <lienPositionSecuritizationCode>1</lienPositionSecuritizationCode>
    <loanStructureCode>PP</loanStructureCode>
    <paymentTypeCode>3</paymentTypeCode>
    <periodicPrincipalAndInterestPaymentSecuritizationAmount>202665.00</periodicPrincipalAndInterestPaymentSecuritizationAmount>
    <scheduledPrincipalBalanceSecuritizationAmount>35400000.00</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>03-05-2030</prepaymentLockOutEndDate>
    <property>
      <propertyName>Turtle Creek Village</propertyName>
      <propertyCity>Dallas</propertyCity>
      <propertyState>TX</propertyState>
      <propertyCounty>Dallas</propertyCounty>
      <netRentableSquareFeetSecuritizationNumber>324588</netRentableSquareFeetSecuritizationNumber>
      <yearBuiltNumber>1969</yearBuiltNumber>
      <yearLastRenovated>2022</yearLastRenovated>
      <valuationSecuritizationAmount>158400000.00</valuationSecuritizationAmount>
      <valuationSecuritizationDate>03-20-2025</valuationSecuritizationDate>
      <physicalOccupancySecuritizationPercentage>0.94</physicalOccupancySecuritizationPercentage>
      <mostRecentPhysicalOccupancyPercentage>0.94</mostRecentPhysicalOccupancyPercentage>
      <defeasanceOptionStartDate>08-06-2027</defeasanceOptionStartDate>
      <DefeasedStatusCode>N</DefeasedStatusCode>
      <financialsSecuritizationDate>01-31-2025</financialsSecuritizationDate>
      <mostRecentFinancialsStartDate>12-31-2024</mostRecentFinancialsStartDate>
      <mostRecentFinancialsEndDate>12-31-2025</mostRecentFinancialsEndDate>
      <revenueSecuritizationAmount>15832955.24</revenueSecuritizationAmount>
      <mostRecentRevenueAmount>14519700.00</mostRecentRevenueAmount>
      <operatingExpensesSecuritizationAmount>5583004.62</operatingExpensesSecuritizationAmount>
      <operatingExpensesAmount>5205159.00</operatingExpensesAmount>
      <netOperatingIncomeSecuritizationAmount>10249950.62</netOperatingIncomeSecuritizationAmount>
      <mostRecentNetOperatingIncomeAmount>9314541.00</mostRecentNetOperatingIncomeAmount>
      <netCashFlowFlowSecuritizationAmount>9854634.82</netCashFlowFlowSecuritizationAmount>
      <mostRecentNetCashFlowAmount>8919226.00</mostRecentNetCashFlowAmount>
      <netOperatingIncomeNetCashFlowSecuritizationCode>UW</netOperatingIncomeNetCashFlowSecuritizationCode>
      <mostRecentDebtServiceAmount>3385193.00</mostRecentDebtServiceAmount>
      <debtServiceCoverageNetOperatingIncomeSecuritizationPercentage>1.75</debtServiceCoverageNetOperatingIncomeSecuritizationPercentage>
      <mostRecentDebtServiceCoverageNetOperatingIncomePercentage>2.7515</mostRecentDebtServiceCoverageNetOperatingIncomePercentage>
      <debtServiceCoverageNetCashFlowSecuritizationPercentage>1.68</debtServiceCoverageNetCashFlowSecuritizationPercentage>
      <mostRecentDebtServiceCoverageNetCashFlowpercentage>2.6347</mostRecentDebtServiceCoverageNetCashFlowpercentage>
      <debtServiceCoverageSecuritizationCode>F</debtServiceCoverageSecuritizationCode>
      <mostRecentDebtServiceCoverageCode>F</mostRecentDebtServiceCoverageCode>
    </property>
    <assetAddedIndicator>false</assetAddedIndicator>
    <reportPeriodModificationIndicator>false</reportPeriodModificationIndicator>
    <reportPeriodBeginningScheduleLoanBalanceAmount>35400000.00</reportPeriodBeginningScheduleLoanBalanceAmount>
    <totalScheduledPrincipalInterestDueAmount>202665.00</totalScheduledPrincipalInterestDueAmount>
    <reportPeriodInterestRatePercentage>0.0687</reportPeriodInterestRatePercentage>
    <servicerTrusteeFeeRatePercentage>0.0003397</servicerTrusteeFeeRatePercentage>
    <scheduledInterestAmount>202665.00</scheduledInterestAmount>
    <scheduledPrincipalAmount>0.00</scheduledPrincipalAmount>
    <unscheduledPrincipalCollectedAmount>0.00</unscheduledPrincipalCollectedAmount>
    <reportPeriodEndActualBalanceAmount>35400000.00</reportPeriodEndActualBalanceAmount>
    <reportPeriodEndScheduledLoanBalanceAmount>35400000.00</reportPeriodEndScheduledLoanBalanceAmount>
    <paidThroughDate>05-06-2026</paidThroughDate>
    <servicingAdvanceMethodCode>1</servicingAdvanceMethodCode>
    <nonRecoverabilityIndicator>false</nonRecoverabilityIndicator>
    <totalPrincipalInterestAdvancedOutstandingAmount>0</totalPrincipalInterestAdvancedOutstandingAmount>
    <totalTaxesInsuranceAdvancesOutstandingAmount>0</totalTaxesInsuranceAdvancesOutstandingAmount>
    <otherExpensesAdvancedOutstandingAmount>0</otherExpensesAdvancedOutstandingAmount>
    <paymentStatusLoanCode>0</paymentStatusLoanCode>
    <nextInterestRatePercentage>0</nextInterestRatePercentage>
    <primaryServicerName>Midland Loan Services</primaryServicerName>
    <assetSubjectDemandIndicator>false</assetSubjectDemandIndicator>
  </assets>
  <assets>
    <assetTypeNumber>Prospectus Loan ID</assetTypeNumber>
    <assetNumber>6-001</assetNumber>
    <reportingPeriodBeginningDate>04-14-2026</reportingPeriodBeginningDate>
    <reportingPeriodEndDate>05-11-2026</reportingPeriodEndDate>
    <property>
      <propertyName>TURTLE CREEK VILLAGE RETAIL</propertyName>
      <propertyAddress>3838, 3848, 3858, 3878 &amp; 3888 OAK LAWN AVENUE</propertyAddress>
      <propertyCity>Dallas</propertyCity>
      <propertyState>TX</propertyState>
      <propertyZip>75219</propertyZip>
      <propertyCounty>Dallas</propertyCounty>
      <propertyTypeCode>RT</propertyTypeCode>
      <netRentableSquareFeetNumber>94720</netRentableSquareFeetNumber>
      <netRentableSquareFeetSecuritizationNumber>94720</netRentableSquareFeetSecuritizationNumber>
      <yearBuiltNumber>1969</yearBuiltNumber>
      <yearLastRenovated>2022</yearLastRenovated>
      <valuationSecuritizationAmount>80500000.00</valuationSecuritizationAmount>
      <valuationSourceSecuritizationCode>MAI</valuationSourceSecuritizationCode>
      <valuationSecuritizationDate>03-20-2025</valuationSecuritizationDate>
      <physicalOccupancySecuritizationPercentage>0.94</physicalOccupancySecuritizationPercentage>
      <mostRecentPhysicalOccupancyPercentage>0.94</mostRecentPhysicalOccupancyPercentage>
      <propertyStatusCode>6</propertyStatusCode>
      <largestTenant>Randall's FOOO &amp; Drugs LP</largestTenant>
      <squareFeetLargestTenantNumber>22081</squareFeetLargestTenantNumber>
      <leaseExpirationLargestTenantDate>05-31-2030</leaseExpirationLargestTenantDate>
      <secondLargestTenant>Cost Plus  Inc.</secondLargestTenant>
      <squareFeetSecondLargestTenantNumber>17000</squareFeetSecondLargestTenantNumber>
      <leaseExpirationSecondLargestTenantDate>02-05-2026</leaseExpirationSecondLargestTenantDate>
      <thirdLargestTenant>NHS oaKLawn Ave  LLC</thirdLargestTenant>
      <squareFeetThirdLargestTenantNumber>6000</squareFeetThirdLargestTenantNumber>
      <leaseExpirationThirdLargestTenantDate>07-31-2032</leaseExpirationThirdLargestTenantDate>
      <financialsSecuritizationDate>01-31-2025</financialsSecuritizationDate>
      <mostRecentFinancialsStartDate>12-31-2024</mostRecentFinancialsStartDate>
      <mostRecentFinancialsEndDate>12-31-2025</mostRecentFinancialsEndDate>
      <revenueSecuritizationAmount>5528538.98</revenueSecuritizationAmount>
      <mostRecentRevenueAmount>14519700.00</mostRecentRevenueAmount>
      <operatingExpensesSecuritizationAmount>1424802.86</operatingExpensesSecuritizationAmount>
      <operatingExpensesAmount>5205159.00</operatingExpensesAmount>
      <netOperatingIncomeSecuritizationAmount>4103736.12</netOperatingIncomeSecuritizationAmount>
      <mostRecentNetOperatingIncomeAmount>9314541.00</mostRecentNetOperatingIncomeAmount>
      <netCashFlowFlowSecuritizationAmount>3995755.32</netCashFlowFlowSecuritizationAmount>
      <mostRecentNetCashFlowAmount>8919226.00</mostRecentNetCashFlowAmount>
      <netOperatingIncomeNetCashFlowSecuritizationCode>UW</netOperatingIncomeNetCashFlowSecuritizationCode>
      <netOperatingIncomeNetCashFlowCode>CREFC</netOperatingIncomeNetCashFlowCode>
      <mostRecentDebtServiceAmount>3385193.00</mostRecentDebtServiceAmount>
      <mostRecentDebtServiceCoverageNetOperatingIncomePercentage>2.7515</mostRecentDebtServiceCoverageNetOperatingIncomePercentage>
      <mostRecentDebtServiceCoverageNetCashFlowpercentage>2.6347</mostRecentDebtServiceCoverageNetCashFlowpercentage>
      <mostRecentDebtServiceCoverageCode>F</mostRecentDebtServiceCoverageCode>
      <mostRecentAnnualLeaseRolloverReviewDate>09-30-2025</mostRecentAnnualLeaseRolloverReviewDate>
    </property>
    <assetAddedIndicator>false</assetAddedIndicator>
  </assets>
  <assets>
    <assetTypeNumber>Prospectus Loan ID</assetTypeNumber>
    <assetNumber>6-002</assetNumber>
    <reportingPeriodBeginningDate>04-14-2026</reportingPeriodBeginningDate>
    <reportingPeriodEndDate>05-11-2026</reportingPeriodEndDate>
    <property>
      <propertyName>TURTLE CREEK VILLAGE OFFICE</propertyName>
      <propertyAddress>3838 OAK LAWN AVENUE</propertyAddress>
      <propertyCity>Dallas</propertyCity>
      <propertyState>TX</propertyState>
      <propertyZip>75219</propertyZip>
      <propertyCounty>Dallas</propertyCounty>
      <propertyTypeCode>OF</propertyTypeCode>
      <netRentableSquareFeetNumber>229868</netRentableSquareFeetNumber>
      <netRentableSquareFeetSecuritizationNumber>229868</netRentableSquareFeetSecuritizationNumber>
      <yearBuiltNumber>1969</yearBuiltNumber>
      <yearLastRenovated>2022</yearLastRenovated>
      <valuationSecuritizationAmount>78200000.00</valuationSecuritizationAmount>
      <valuationSourceSecuritizationCode>MAI</valuationSourceSecuritizationCode>
      <valuationSecuritizationDate>03-20-2025</valuationSecuritizationDate>
      <physicalOccupancySecuritizationPercentage>0.94</physicalOccupancySecuritizationPercentage>
      <mostRecentPhysicalOccupancyPercentage>0.94</mostRecentPhysicalOccupancyPercentage>
      <propertyStatusCode>6</propertyStatusCode>
      <largestTenant>Origin Bank</largestTenant>
      <squareFeetLargestTenantNumber>28689</squareFeetLargestTenantNumber>
      <leaseExpirationLargestTenantDate>04-30-2034</leaseExpirationLargestTenantDate>
      <secondLargestTenant>Premier Office Centers  LLC</secondLargestTenant>
      <squareFeetSecondLargestTenantNumber>12623</squareFeetSecondLargestTenantNumber>
      <leaseExpirationSecondLargestTenantDate>03-31-2029</leaseExpirationSecondLargestTenantDate>
      <thirdLargestTenant>Paceline Equity Partners  LLC</thirdLargestTenant>
      <squareFeetThirdLargestTenantNumber>12465</squareFeetThirdLargestTenantNumber>
      <leaseExpirationThirdLargestTenantDate>07-31-2029</leaseExpirationThirdLargestTenantDate>
      <financialsSecuritizationDate>01-31-2025</financialsSecuritizationDate>
      <mostRecentFinancialsStartDate>12-31-2024</mostRecentFinancialsStartDate>
      <mostRecentFinancialsEndDate>12-31-2025</mostRecentFinancialsEndDate>
      <revenueSecuritizationAmount>10304416.26</revenueSecuritizationAmount>
      <mostRecentRevenueAmount>0.00</mostRecentRevenueAmount>
      <operatingExpensesSecuritizationAmount>4158201.76</operatingExpensesSecuritizationAmount>
      <operatingExpensesAmount>0.00</operatingExpensesAmount>
      <netOperatingIncomeSecuritizationAmount>6146214.50</netOperatingIncomeSecuritizationAmount>
      <mostRecentNetOperatingIncomeAmount>0.00</mostRecentNetOperatingIncomeAmount>
      <netCashFlowFlowSecuritizationAmount>5858879.50</netCashFlowFlowSecuritizationAmount>
      <mostRecentNetCashFlowAmount>0.00</mostRecentNetCashFlowAmount>
      <netOperatingIncomeNetCashFlowSecuritizationCode>UW</netOperatingIncomeNetCashFlowSecuritizationCode>
      <netOperatingIncomeNetCashFlowCode>CREFC</netOperatingIncomeNetCashFlowCode>
      <mostRecentDebtServiceAmount>0.00</mostRecentDebtServiceAmount>
      <mostRecentDebtServiceCoverageNetOperatingIncomePercentage>0.00</mostRecentDebtServiceCoverageNetOperatingIncomePercentage>
      <mostRecentDebtServiceCoverageCode>C</mostRecentDebtServiceCoverageCode>
      <mostRecentAnnualLeaseRolloverReviewDate>09-30-2025</mostRecentAnnualLeaseRolloverReviewDate>
    </property>
    <assetAddedIndicator>false</assetAddedIndicator>
  </assets>
  <assets>
    <assetTypeNumber>Prospectus Loan ID</assetTypeNumber>
    <assetNumber>7</assetNumber>
    <reportingPeriodBeginningDate>04-14-2026</reportingPeriodBeginningDate>
    <reportingPeriodEndDate>05-11-2026</reportingPeriodEndDate>
    <originatorName>JPMCB</originatorName>
    <originationDate>06-04-2025</originationDate>
    <originalLoanAmount>31000000.00</originalLoanAmount>
    <originalTermLoanNumber>60</originalTermLoanNumber>
    <maturityDate>06-05-2030</maturityDate>
    <originalInterestRatePercentage>0.07163</originalInterestRatePercentage>
    <interestRateSecuritizationPercentage>0.07163</interestRateSecuritizationPercentage>
    <interestAccrualMethodCode>3</interestAccrualMethodCode>
    <originalInterestRateTypeCode>1</originalInterestRateTypeCode>
    <originalInterestOnlyTermNumber>60</originalInterestOnlyTermNumber>
    <firstLoanPaymentDueDate>07-05-2025</firstLoanPaymentDueDate>
    <underwritingIndicator>true</underwritingIndicator>
    <lienPositionSecuritizationCode>1</lienPositionSecuritizationCode>
    <loanStructureCode>WL</loanStructureCode>
    <paymentTypeCode>3</paymentTypeCode>
    <periodicPrincipalAndInterestPaymentSecuritizationAmount>185044.17</periodicPrincipalAndInterestPaymentSecuritizationAmount>
    <scheduledPrincipalBalanceSecuritizationAmount>31000000.00</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>07-04-2027</prepaymentLockOutEndDate>
    <yieldMaintenanceEndDate>01-04-2030</yieldMaintenanceEndDate>
    <prepaymentPremiumsEndDate>01-04-2030</prepaymentPremiumsEndDate>
    <property>
      <propertyName>119 5TH AVENUE</propertyName>
      <propertyAddress>119 5TH AVENUE</propertyAddress>
      <propertyCity>New York</propertyCity>
      <propertyState>NY</propertyState>
      <propertyZip>10003</propertyZip>
      <propertyCounty>New York</propertyCounty>
      <propertyTypeCode>MU</propertyTypeCode>
      <netRentableSquareFeetNumber>63373</netRentableSquareFeetNumber>
      <netRentableSquareFeetSecuritizationNumber>63373</netRentableSquareFeetSecuritizationNumber>
      <yearBuiltNumber>1906</yearBuiltNumber>
      <yearLastRenovated>1988</yearLastRenovated>
      <valuationSecuritizationAmount>54200000.00</valuationSecuritizationAmount>
      <valuationSourceSecuritizationCode>MAI</valuationSourceSecuritizationCode>
      <valuationSecuritizationDate>04-07-2025</valuationSecuritizationDate>
      <physicalOccupancySecuritizationPercentage>0.94</physicalOccupancySecuritizationPercentage>
      <mostRecentPhysicalOccupancyPercentage>0.88</mostRecentPhysicalOccupancyPercentage>
      <propertyStatusCode>6</propertyStatusCode>
      <DefeasedStatusCode>X</DefeasedStatusCode>
      <largestTenant>David Colbert MD</largestTenant>
      <squareFeetLargestTenantNumber>17500</squareFeetLargestTenantNumber>
      <leaseExpirationLargestTenantDate>04-30-2037</leaseExpirationLargestTenantDate>
      <secondLargestTenant>McKoy Worob Averill &amp; Koenig LLP</secondLargestTenant>
      <squareFeetSecondLargestTenantNumber>8750</squareFeetSecondLargestTenantNumber>
      <leaseExpirationSecondLargestTenantDate>12-31-2037</leaseExpirationSecondLargestTenantDate>
      <thirdLargestTenant>Optimizely Inc</thirdLargestTenant>
      <squareFeetThirdLargestTenantNumber>8573</squareFeetThirdLargestTenantNumber>
      <leaseExpirationThirdLargestTenantDate>09-30-2028</leaseExpirationThirdLargestTenantDate>
      <financialsSecuritizationDate>02-28-2025</financialsSecuritizationDate>
      <mostRecentFinancialsStartDate>12-31-2024</mostRecentFinancialsStartDate>
      <mostRecentFinancialsEndDate>12-31-2025</mostRecentFinancialsEndDate>
      <revenueSecuritizationAmount>5747809.85</revenueSecuritizationAmount>
      <mostRecentRevenueAmount>5985855.00</mostRecentRevenueAmount>
      <operatingExpensesSecuritizationAmount>2418213.80</operatingExpensesSecuritizationAmount>
      <operatingExpensesAmount>2971257.65</operatingExpensesAmount>
      <netOperatingIncomeSecuritizationAmount>3329596.04</netOperatingIncomeSecuritizationAmount>
      <mostRecentNetOperatingIncomeAmount>3014597.35</mostRecentNetOperatingIncomeAmount>
      <netCashFlowFlowSecuritizationAmount>3253548.44</netCashFlowFlowSecuritizationAmount>
      <mostRecentNetCashFlowAmount>2938548.35</mostRecentNetCashFlowAmount>
      <netOperatingIncomeNetCashFlowSecuritizationCode>UW</netOperatingIncomeNetCashFlowSecuritizationCode>
      <netOperatingIncomeNetCashFlowCode>CREFC</netOperatingIncomeNetCashFlowCode>
      <mostRecentDebtServiceAmount>2251370.74</mostRecentDebtServiceAmount>
      <debtServiceCoverageNetOperatingIncomeSecuritizationPercentage>1.48</debtServiceCoverageNetOperatingIncomeSecuritizationPercentage>
      <mostRecentDebtServiceCoverageNetOperatingIncomePercentage>1.339</mostRecentDebtServiceCoverageNetOperatingIncomePercentage>
      <debtServiceCoverageNetCashFlowSecuritizationPercentage>1.45</debtServiceCoverageNetCashFlowSecuritizationPercentage>
      <mostRecentDebtServiceCoverageNetCashFlowpercentage>1.3052</mostRecentDebtServiceCoverageNetCashFlowpercentage>
      <debtServiceCoverageSecuritizationCode>F</debtServiceCoverageSecuritizationCode>
      <mostRecentDebtServiceCoverageCode>F</mostRecentDebtServiceCoverageCode>
      <mostRecentAnnualLeaseRolloverReviewDate>12-31-2025</mostRecentAnnualLeaseRolloverReviewDate>
    </property>
    <assetAddedIndicator>false</assetAddedIndicator>
    <reportPeriodModificationIndicator>false</reportPeriodModificationIndicator>
    <reportPeriodBeginningScheduleLoanBalanceAmount>31000000.00</reportPeriodBeginningScheduleLoanBalanceAmount>
    <totalScheduledPrincipalInterestDueAmount>185044.17</totalScheduledPrincipalInterestDueAmount>
    <reportPeriodInterestRatePercentage>0.07163</reportPeriodInterestRatePercentage>
    <servicerTrusteeFeeRatePercentage>0.0002397</servicerTrusteeFeeRatePercentage>
    <scheduledInterestAmount>185044.17</scheduledInterestAmount>
    <scheduledPrincipalAmount>0.00</scheduledPrincipalAmount>
    <unscheduledPrincipalCollectedAmount>0.00</unscheduledPrincipalCollectedAmount>
    <reportPeriodEndActualBalanceAmount>31000000.00</reportPeriodEndActualBalanceAmount>
    <reportPeriodEndScheduledLoanBalanceAmount>31000000.00</reportPeriodEndScheduledLoanBalanceAmount>
    <paidThroughDate>05-05-2026</paidThroughDate>
    <servicingAdvanceMethodCode>1</servicingAdvanceMethodCode>
    <nonRecoverabilityIndicator>false</nonRecoverabilityIndicator>
    <totalPrincipalInterestAdvancedOutstandingAmount>0</totalPrincipalInterestAdvancedOutstandingAmount>
    <totalTaxesInsuranceAdvancesOutstandingAmount>0</totalTaxesInsuranceAdvancesOutstandingAmount>
    <otherExpensesAdvancedOutstandingAmount>0</otherExpensesAdvancedOutstandingAmount>
    <paymentStatusLoanCode>0</paymentStatusLoanCode>
    <nextInterestRatePercentage>0</nextInterestRatePercentage>
    <primaryServicerName>Trimont LLC</primaryServicerName>
    <assetSubjectDemandIndicator>false</assetSubjectDemandIndicator>
  </assets>
  <assets>
    <assetTypeNumber>Prospectus Loan ID</assetTypeNumber>
    <assetNumber>8</assetNumber>
    <reportingPeriodBeginningDate>04-14-2026</reportingPeriodBeginningDate>
    <reportingPeriodEndDate>05-11-2026</reportingPeriodEndDate>
    <originatorName>BANA</originatorName>
    <originationDate>04-29-2025</originationDate>
    <originalLoanAmount>30400000.00</originalLoanAmount>
    <originalTermLoanNumber>60</originalTermLoanNumber>
    <maturityDate>05-01-2030</maturityDate>
    <originalInterestRatePercentage>0.0606</originalInterestRatePercentage>
    <interestRateSecuritizationPercentage>0.0606</interestRateSecuritizationPercentage>
    <interestAccrualMethodCode>3</interestAccrualMethodCode>
    <originalInterestRateTypeCode>1</originalInterestRateTypeCode>
    <originalInterestOnlyTermNumber>60</originalInterestOnlyTermNumber>
    <firstLoanPaymentDueDate>06-01-2025</firstLoanPaymentDueDate>
    <underwritingIndicator>true</underwritingIndicator>
    <lienPositionSecuritizationCode>1</lienPositionSecuritizationCode>
    <loanStructureCode>WL</loanStructureCode>
    <paymentTypeCode>3</paymentTypeCode>
    <periodicPrincipalAndInterestPaymentSecuritizationAmount>153520.00</periodicPrincipalAndInterestPaymentSecuritizationAmount>
    <scheduledPrincipalBalanceSecuritizationAmount>30400000.00</scheduledPrincipalBalanceSecuritizationAmount>
    <paymentFrequencyCode>1</paymentFrequencyCode>
    <NumberPropertiesSecuritization>15</NumberPropertiesSecuritization>
    <NumberProperties>15</NumberProperties>
    <graceDaysAllowedNumber>0</graceDaysAllowedNumber>
    <interestOnlyIndicator>true</interestOnlyIndicator>
    <balloonIndicator>true</balloonIndicator>
    <prepaymentPremiumIndicator>false</prepaymentPremiumIndicator>
    <negativeAmortizationIndicator>false</negativeAmortizationIndicator>
    <modifiedIndicator>false</modifiedIndicator>
    <prepaymentLockOutEndDate>10-31-2029</prepaymentLockOutEndDate>
    <property>
      <propertyName>ExchangeRight Net Leased Portfolio #70</propertyName>
      <propertyTypeCode>RT</propertyTypeCode>
      <netRentableSquareFeetSecuritizationNumber>205120</netRentableSquareFeetSecuritizationNumber>
      <valuationSecuritizationAmount>57825000.00</valuationSecuritizationAmount>
      <physicalOccupancySecuritizationPercentage>1</physicalOccupancySecuritizationPercentage>
      <mostRecentPhysicalOccupancyPercentage>1</mostRecentPhysicalOccupancyPercentage>
      <defeasanceOptionStartDate>08-01-2027</defeasanceOptionStartDate>
      <DefeasedStatusCode>N</DefeasedStatusCode>
      <mostRecentFinancialsStartDate>12-31-2024</mostRecentFinancialsStartDate>
      <mostRecentFinancialsEndDate>12-31-2025</mostRecentFinancialsEndDate>
      <revenueSecuritizationAmount>3596443.00</revenueSecuritizationAmount>
      <mostRecentRevenueAmount>3731374.32</mostRecentRevenueAmount>
      <operatingExpensesSecuritizationAmount>107893.29</operatingExpensesSecuritizationAmount>
      <operatingExpensesAmount>111941.10</operatingExpensesAmount>
      <netOperatingIncomeSecuritizationAmount>3488549.71</netOperatingIncomeSecuritizationAmount>
      <mostRecentNetOperatingIncomeAmount>3619433.23</mostRecentNetOperatingIncomeAmount>
      <netCashFlowFlowSecuritizationAmount>3464759.71</netCashFlowFlowSecuritizationAmount>
      <mostRecentNetCashFlowAmount>3595643.22</mostRecentNetCashFlowAmount>
      <netOperatingIncomeNetCashFlowSecuritizationCode>UW</netOperatingIncomeNetCashFlowSecuritizationCode>
      <mostRecentDebtServiceAmount>1867826.69</mostRecentDebtServiceAmount>
      <debtServiceCoverageNetOperatingIncomeSecuritizationPercentage>1.87</debtServiceCoverageNetOperatingIncomeSecuritizationPercentage>
      <mostRecentDebtServiceCoverageNetOperatingIncomePercentage>1.9377</mostRecentDebtServiceCoverageNetOperatingIncomePercentage>
      <debtServiceCoverageNetCashFlowSecuritizationPercentage>1.85</debtServiceCoverageNetCashFlowSecuritizationPercentage>
      <mostRecentDebtServiceCoverageNetCashFlowpercentage>1.925</mostRecentDebtServiceCoverageNetCashFlowpercentage>
      <debtServiceCoverageSecuritizationCode>F</debtServiceCoverageSecuritizationCode>
      <mostRecentDebtServiceCoverageCode>F</mostRecentDebtServiceCoverageCode>
    </property>
    <assetAddedIndicator>false</assetAddedIndicator>
    <reportPeriodModificationIndicator>false</reportPeriodModificationIndicator>
    <reportPeriodBeginningScheduleLoanBalanceAmount>30400000.00</reportPeriodBeginningScheduleLoanBalanceAmount>
    <totalScheduledPrincipalInterestDueAmount>153520.00</totalScheduledPrincipalInterestDueAmount>
    <reportPeriodInterestRatePercentage>0.0606</reportPeriodInterestRatePercentage>
    <servicerTrusteeFeeRatePercentage>0.0002522</servicerTrusteeFeeRatePercentage>
    <scheduledInterestAmount>153520.00</scheduledInterestAmount>
    <scheduledPrincipalAmount>0.00</scheduledPrincipalAmount>
    <unscheduledPrincipalCollectedAmount>0.00</unscheduledPrincipalCollectedAmount>
    <reportPeriodEndActualBalanceAmount>30400000.00</reportPeriodEndActualBalanceAmount>
    <reportPeriodEndScheduledLoanBalanceAmount>30400000.00</reportPeriodEndScheduledLoanBalanceAmount>
    <paidThroughDate>05-01-2026</paidThroughDate>
    <servicingAdvanceMethodCode>1</servicingAdvanceMethodCode>
    <nonRecoverabilityIndicator>false</nonRecoverabilityIndicator>
    <totalPrincipalInterestAdvancedOutstandingAmount>0</totalPrincipalInterestAdvancedOutstandingAmount>
    <totalTaxesInsuranceAdvancesOutstandingAmount>0</totalTaxesInsuranceAdvancesOutstandingAmount>
    <otherExpensesAdvancedOutstandingAmount>0</otherExpensesAdvancedOutstandingAmount>
    <paymentStatusLoanCode>0</paymentStatusLoanCode>
    <nextInterestRatePercentage>0</nextInterestRatePercentage>
    <primaryServicerName>Trimont LLC</primaryServicerName>
    <assetSubjectDemandIndicator>false</assetSubjectDemandIndicator>
  </assets>
  <assets>
    <assetTypeNumber>Prospectus Loan ID</assetTypeNumber>
    <assetNumber>8-001</assetNumber>
    <reportingPeriodBeginningDate>04-14-2026</reportingPeriodBeginningDate>
    <reportingPeriodEndDate>05-11-2026</reportingPeriodEndDate>
    <property>
      <propertyName>DAYBREAK MARKET &amp; FUEL - PARRISH, FL</propertyName>
      <propertyAddress>11515 US HIGHWAY 301 NORTH</propertyAddress>
      <propertyCity>Parrish</propertyCity>
      <propertyState>FL</propertyState>
      <propertyZip>34219</propertyZip>
      <propertyCounty>Manatee</propertyCounty>
      <propertyTypeCode>RT</propertyTypeCode>
      <netRentableSquareFeetNumber>12672</netRentableSquareFeetNumber>
      <netRentableSquareFeetSecuritizationNumber>12672</netRentableSquareFeetSecuritizationNumber>
      <yearBuiltNumber>2024</yearBuiltNumber>
      <valuationSecuritizationAmount>10300000.00</valuationSecuritizationAmount>
      <valuationSourceSecuritizationCode>MAI</valuationSourceSecuritizationCode>
      <valuationSecuritizationDate>03-31-2025</valuationSecuritizationDate>
      <physicalOccupancySecuritizationPercentage>1</physicalOccupancySecuritizationPercentage>
      <mostRecentPhysicalOccupancyPercentage>1</mostRecentPhysicalOccupancyPercentage>
      <propertyStatusCode>6</propertyStatusCode>
      <largestTenant>Daybreak Market &amp; Fuel</largestTenant>
      <squareFeetLargestTenantNumber>4883</squareFeetLargestTenantNumber>
      <leaseExpirationLargestTenantDate>03-31-2045</leaseExpirationLargestTenantDate>
      <mostRecentFinancialsStartDate>12-31-2024</mostRecentFinancialsStartDate>
      <mostRecentFinancialsEndDate>12-31-2025</mostRecentFinancialsEndDate>
      <mostRecentRevenueAmount>639613.00</mostRecentRevenueAmount>
      <operatingExpensesAmount>19188.39</operatingExpensesAmount>
      <mostRecentNetOperatingIncomeAmount>620424.61</mostRecentNetOperatingIncomeAmount>
      <mostRecentNetCashFlowAmount>615190.81</mostRecentNetCashFlowAmount>
      <netOperatingIncomeNetCashFlowSecuritizationCode>UW</netOperatingIncomeNetCashFlowSecuritizationCode>
      <netOperatingIncomeNetCashFlowCode>CREFC</netOperatingIncomeNetCashFlowCode>
      <mostRecentDebtServiceAmount>410921.87</mostRecentDebtServiceAmount>
      <mostRecentDebtServiceCoverageNetOperatingIncomePercentage>1.5098</mostRecentDebtServiceCoverageNetOperatingIncomePercentage>
      <mostRecentDebtServiceCoverageNetCashFlowpercentage>1.497</mostRecentDebtServiceCoverageNetCashFlowpercentage>
      <mostRecentDebtServiceCoverageCode>F</mostRecentDebtServiceCoverageCode>
      <mostRecentAnnualLeaseRolloverReviewDate>12-31-2025</mostRecentAnnualLeaseRolloverReviewDate>
    </property>
    <assetAddedIndicator>false</assetAddedIndicator>
  </assets>
  <assets>
    <assetTypeNumber>Prospectus Loan ID</assetTypeNumber>
    <assetNumber>8-002</assetNumber>
    <reportingPeriodBeginningDate>04-14-2026</reportingPeriodBeginningDate>
    <reportingPeriodEndDate>05-11-2026</reportingPeriodEndDate>
    <property>
      <propertyName>TRACTOR SUPPLY - INWOOD, WV</propertyName>
      <propertyAddress>90 CREAMERY LANE</propertyAddress>
      <propertyCity>Inwood</propertyCity>
      <propertyState>WV</propertyState>
      <propertyZip>25428</propertyZip>
      <propertyCounty>Berkeley</propertyCounty>
      <propertyTypeCode>RT</propertyTypeCode>
      <netRentableSquareFeetNumber>21930</netRentableSquareFeetNumber>
      <netRentableSquareFeetSecuritizationNumber>21930</netRentableSquareFeetSecuritizationNumber>
      <yearBuiltNumber>2025</yearBuiltNumber>
      <valuationSecuritizationAmount>7600000.00</valuationSecuritizationAmount>
      <valuationSourceSecuritizationCode>MAI</valuationSourceSecuritizationCode>
      <valuationSecuritizationDate>03-27-2025</valuationSecuritizationDate>
      <physicalOccupancySecuritizationPercentage>1</physicalOccupancySecuritizationPercentage>
      <mostRecentPhysicalOccupancyPercentage>1</mostRecentPhysicalOccupancyPercentage>
      <propertyStatusCode>6</propertyStatusCode>
      <largestTenant>Tractor Supply</largestTenant>
      <squareFeetLargestTenantNumber>21658</squareFeetLargestTenantNumber>
      <leaseExpirationLargestTenantDate>02-29-2040</leaseExpirationLargestTenantDate>
      <mostRecentFinancialsStartDate>12-31-2024</mostRecentFinancialsStartDate>
      <mostRecentFinancialsEndDate>12-31-2025</mostRecentFinancialsEndDate>
      <mostRecentRevenueAmount>471871.11</mostRecentRevenueAmount>
      <operatingExpensesAmount>14156.13</operatingExpensesAmount>
      <mostRecentNetOperatingIncomeAmount>457714.98</mostRecentNetOperatingIncomeAmount>
      <mostRecentNetCashFlowAmount>452481.18</mostRecentNetCashFlowAmount>
      <netOperatingIncomeNetCashFlowSecuritizationCode>UW</netOperatingIncomeNetCashFlowSecuritizationCode>
      <netOperatingIncomeNetCashFlowCode>CREFC</netOperatingIncomeNetCashFlowCode>
      <mostRecentDebtServiceAmount>410921.87</mostRecentDebtServiceAmount>
      <mostRecentDebtServiceCoverageNetOperatingIncomePercentage>1.1138</mostRecentDebtServiceCoverageNetOperatingIncomePercentage>
      <mostRecentDebtServiceCoverageNetCashFlowpercentage>1.1011</mostRecentDebtServiceCoverageNetCashFlowpercentage>
      <mostRecentDebtServiceCoverageCode>F</mostRecentDebtServiceCoverageCode>
      <mostRecentAnnualLeaseRolloverReviewDate>12-31-2025</mostRecentAnnualLeaseRolloverReviewDate>
    </property>
    <assetAddedIndicator>false</assetAddedIndicator>
  </assets>
  <assets>
    <assetTypeNumber>Prospectus Loan ID</assetTypeNumber>
    <assetNumber>8-003</assetNumber>
    <reportingPeriodBeginningDate>04-14-2026</reportingPeriodBeginningDate>
    <reportingPeriodEndDate>05-11-2026</reportingPeriodEndDate>
    <property>
      <propertyName>TRACTOR SUPPLY - PHOENIX, AZ</propertyName>
      <propertyAddress>5680 SOUTH 35TH AVENUE</propertyAddress>
      <propertyCity>Phoenix</propertyCity>
      <propertyState>AZ</propertyState>
      <propertyZip>85041</propertyZip>
      <propertyCounty>Maricopa</propertyCounty>
      <propertyTypeCode>RT</propertyTypeCode>
      <netRentableSquareFeetNumber>21930</netRentableSquareFeetNumber>
      <netRentableSquareFeetSecuritizationNumber>21930</netRentableSquareFeetSecuritizationNumber>
      <yearBuiltNumber>2024</yearBuiltNumber>
      <valuationSecuritizationAmount>7500000.00</valuationSecuritizationAmount>
      <valuationSourceSecuritizationCode>MAI</valuationSourceSecuritizationCode>
      <valuationSecuritizationDate>02-19-2025</valuationSecuritizationDate>
      <physicalOccupancySecuritizationPercentage>1</physicalOccupancySecuritizationPercentage>
      <mostRecentPhysicalOccupancyPercentage>1</mostRecentPhysicalOccupancyPercentage>
      <propertyStatusCode>6</propertyStatusCode>
      <largestTenant>Tractor Supply</largestTenant>
      <squareFeetLargestTenantNumber>22961</squareFeetLargestTenantNumber>
      <leaseExpirationLargestTenantDate>01-31-2040</leaseExpirationLargestTenantDate>
      <mostRecentFinancialsStartDate>12-31-2024</mostRecentFinancialsStartDate>
      <mostRecentFinancialsEndDate>12-31-2025</mostRecentFinancialsEndDate>
      <mostRecentRevenueAmount>470876.60</mostRecentRevenueAmount>
      <operatingExpensesAmount>14126.28</operatingExpensesAmount>
      <mostRecentNetOperatingIncomeAmount>456750.32</mostRecentNetOperatingIncomeAmount>
      <mostRecentNetCashFlowAmount>451516.52</mostRecentNetCashFlowAmount>
      <netOperatingIncomeNetCashFlowSecuritizationCode>UW</netOperatingIncomeNetCashFlowSecuritizationCode>
      <netOperatingIncomeNetCashFlowCode>CREFC</netOperatingIncomeNetCashFlowCode>
      <mostRecentDebtServiceAmount>410921.87</mostRecentDebtServiceAmount>
      <mostRecentDebtServiceCoverageNetOperatingIncomePercentage>1.1115</mostRecentDebtServiceCoverageNetOperatingIncomePercentage>
      <mostRecentDebtServiceCoverageNetCashFlowpercentage>1.0987</mostRecentDebtServiceCoverageNetCashFlowpercentage>
      <mostRecentDebtServiceCoverageCode>F</mostRecentDebtServiceCoverageCode>
      <mostRecentAnnualLeaseRolloverReviewDate>12-31-2025</mostRecentAnnualLeaseRolloverReviewDate>
    </property>
    <assetAddedIndicator>false</assetAddedIndicator>
  </assets>
  <assets>
    <assetTypeNumber>Prospectus Loan ID</assetTypeNumber>
    <assetNumber>8-004</assetNumber>
    <reportingPeriodBeginningDate>04-14-2026</reportingPeriodBeginningDate>
    <reportingPeriodEndDate>05-11-2026</reportingPeriodEndDate>
    <property>
      <propertyName>TRACTOR SUPPLY - ROCHESTER, NH</propertyName>
      <propertyAddress>12 TWO ROD ROAD</propertyAddress>
      <propertyCity>Rochester</propertyCity>
      <propertyState>NH</propertyState>
      <propertyZip>03867</propertyZip>
      <propertyCounty>Strafford</propertyCounty>
      <propertyTypeCode>RT</propertyTypeCode>
      <netRentableSquareFeetNumber>19523</netRentableSquareFeetNumber>
      <netRentableSquareFeetSecuritizationNumber>19523</netRentableSquareFeetSecuritizationNumber>
      <yearBuiltNumber>2013</yearBuiltNumber>
      <valuationSecuritizationAmount>5500000.00</valuationSecuritizationAmount>
      <valuationSourceSecuritizationCode>MAI</valuationSourceSecuritizationCode>
      <valuationSecuritizationDate>04-14-2025</valuationSecuritizationDate>
      <physicalOccupancySecuritizationPercentage>1</physicalOccupancySecuritizationPercentage>
      <mostRecentPhysicalOccupancyPercentage>1</mostRecentPhysicalOccupancyPercentage>
      <propertyStatusCode>6</propertyStatusCode>
      <largestTenant>Tractor Supply</largestTenant>
      <squareFeetLargestTenantNumber>19523</squareFeetLargestTenantNumber>
      <leaseExpirationLargestTenantDate>04-30-2045</leaseExpirationLargestTenantDate>
      <mostRecentFinancialsStartDate>12-31-2024</mostRecentFinancialsStartDate>
      <mostRecentFinancialsEndDate>12-31-2025</mostRecentFinancialsEndDate>
      <mostRecentRevenueAmount>341481.88</mostRecentRevenueAmount>
      <operatingExpensesAmount>10244.43</operatingExpensesAmount>
      <mostRecentNetOperatingIncomeAmount>331237.45</mostRecentNetOperatingIncomeAmount>
      <mostRecentNetCashFlowAmount>326003.65</mostRecentNetCashFlowAmount>
      <netOperatingIncomeNetCashFlowSecuritizationCode>UW</netOperatingIncomeNetCashFlowSecuritizationCode>
      <netOperatingIncomeNetCashFlowCode>CREFC</netOperatingIncomeNetCashFlowCode>
      <mostRecentDebtServiceAmount>410921.87</mostRecentDebtServiceAmount>
      <mostRecentDebtServiceCoverageNetOperatingIncomePercentage>0.806</mostRecentDebtServiceCoverageNetOperatingIncomePercentage>
      <mostRecentDebtServiceCoverageNetCashFlowpercentage>0.7933</mostRecentDebtServiceCoverageNetCashFlowpercentage>
      <mostRecentDebtServiceCoverageCode>F</mostRecentDebtServiceCoverageCode>
      <mostRecentAnnualLeaseRolloverReviewDate>12-31-2025</mostRecentAnnualLeaseRolloverReviewDate>
    </property>
    <assetAddedIndicator>false</assetAddedIndicator>
  </assets>
  <assets>
    <assetTypeNumber>Prospectus Loan ID</assetTypeNumber>
    <assetNumber>8-005</assetNumber>
    <reportingPeriodBeginningDate>04-14-2026</reportingPeriodBeginningDate>
    <reportingPeriodEndDate>05-11-2026</reportingPeriodEndDate>
    <property>
      <propertyName>TRACTOR SUPPLY - ALLIANCE, OH</propertyName>
      <propertyAddress>2520 WEST STATE STREET</propertyAddress>
      <propertyCity>Alliance</propertyCity>
      <propertyState>OH</propertyState>
      <propertyZip>44601</propertyZip>
      <propertyCounty>Stark</propertyCounty>
      <propertyTypeCode>RT</propertyTypeCode>
      <netRentableSquareFeetNumber>31750</netRentableSquareFeetNumber>
      <netRentableSquareFeetSecuritizationNumber>31750</netRentableSquareFeetSecuritizationNumber>
      <yearBuiltNumber>1983</yearBuiltNumber>
      <valuationSecuritizationAmount>4550000.00</valuationSecuritizationAmount>
      <valuationSourceSecuritizationCode>MAI</valuationSourceSecuritizationCode>
      <valuationSecuritizationDate>03-25-2025</valuationSecuritizationDate>
      <physicalOccupancySecuritizationPercentage>1</physicalOccupancySecuritizationPercentage>
      <mostRecentPhysicalOccupancyPercentage>1</mostRecentPhysicalOccupancyPercentage>
      <propertyStatusCode>6</propertyStatusCode>
      <largestTenant>Tractor Supply</largestTenant>
      <squareFeetLargestTenantNumber>31750</squareFeetLargestTenantNumber>
      <leaseExpirationLargestTenantDate>04-30-2045</leaseExpirationLargestTenantDate>
      <mostRecentFinancialsStartDate>12-31-2024</mostRecentFinancialsStartDate>
      <mostRecentFinancialsEndDate>12-31-2025</mostRecentFinancialsEndDate>
      <mostRecentRevenueAmount>290099.64</mostRecentRevenueAmount>
      <operatingExpensesAmount>8702.97</operatingExpensesAmount>
      <mostRecentNetOperatingIncomeAmount>281396.67</mostRecentNetOperatingIncomeAmount>
      <mostRecentNetCashFlowAmount>280920.87</mostRecentNetCashFlowAmount>
      <netOperatingIncomeNetCashFlowSecuritizationCode>UW</netOperatingIncomeNetCashFlowSecuritizationCode>
      <netOperatingIncomeNetCashFlowCode>CREFC</netOperatingIncomeNetCashFlowCode>
      <mostRecentDebtServiceAmount>37356.53</mostRecentDebtServiceAmount>
      <mostRecentDebtServiceCoverageNetOperatingIncomePercentage>7.5327</mostRecentDebtServiceCoverageNetOperatingIncomePercentage>
      <mostRecentDebtServiceCoverageNetCashFlowpercentage>7.5199</mostRecentDebtServiceCoverageNetCashFlowpercentage>
      <mostRecentDebtServiceCoverageCode>F</mostRecentDebtServiceCoverageCode>
      <mostRecentAnnualLeaseRolloverReviewDate>12-31-2025</mostRecentAnnualLeaseRolloverReviewDate>
    </property>
    <assetAddedIndicator>false</assetAddedIndicator>
  </assets>
  <assets>
    <assetTypeNumber>Prospectus Loan ID</assetTypeNumber>
    <assetNumber>8-006</assetNumber>
    <reportingPeriodBeginningDate>04-14-2026</reportingPeriodBeginningDate>
    <reportingPeriodEndDate>05-11-2026</reportingPeriodEndDate>
    <property>
      <propertyName>DOLLAR TREE - PRINCETON, TX</propertyName>
      <propertyAddress>5353 FM 982</propertyAddress>
      <propertyCity>Princeton</propertyCity>
      <propertyState>TX</propertyState>
      <propertyZip>75407</propertyZip>
      <propertyCounty>Collin</propertyCounty>
      <propertyTypeCode>RT</propertyTypeCode>
      <netRentableSquareFeetNumber>10000</netRentableSquareFeetNumber>
      <netRentableSquareFeetSecuritizationNumber>10000</netRentableSquareFeetSecuritizationNumber>
      <yearBuiltNumber>2024</yearBuiltNumber>
      <valuationSecuritizationAmount>2715000.00</valuationSecuritizationAmount>
      <valuationSourceSecuritizationCode>MAI</valuationSourceSecuritizationCode>
      <valuationSecuritizationDate>02-25-2025</valuationSecuritizationDate>
      <physicalOccupancySecuritizationPercentage>1</physicalOccupancySecuritizationPercentage>
      <mostRecentPhysicalOccupancyPercentage>1</mostRecentPhysicalOccupancyPercentage>
      <propertyStatusCode>6</propertyStatusCode>
      <largestTenant>Dollar Tree</largestTenant>
      <squareFeetLargestTenantNumber>9972</squareFeetLargestTenantNumber>
      <leaseExpirationLargestTenantDate>02-28-2035</leaseExpirationLargestTenantDate>
      <mostRecentFinancialsStartDate>12-31-2024</mostRecentFinancialsStartDate>
      <mostRecentFinancialsEndDate>12-31-2025</mostRecentFinancialsEndDate>
      <mostRecentRevenueAmount>188747.85</mostRecentRevenueAmount>
      <operatingExpensesAmount>5662.41</operatingExpensesAmount>
      <mostRecentNetOperatingIncomeAmount>183085.44</mostRecentNetOperatingIncomeAmount>
      <mostRecentNetCashFlowAmount>182847.54</mostRecentNetCashFlowAmount>
      <netOperatingIncomeNetCashFlowSecuritizationCode>UW</netOperatingIncomeNetCashFlowSecuritizationCode>
      <netOperatingIncomeNetCashFlowCode>CREFC</netOperatingIncomeNetCashFlowCode>
      <mostRecentDebtServiceAmount>18678.27</mostRecentDebtServiceAmount>
      <mostRecentDebtServiceCoverageNetOperatingIncomePercentage>9.802</mostRecentDebtServiceCoverageNetOperatingIncomePercentage>
      <mostRecentDebtServiceCoverageNetCashFlowpercentage>9.7893</mostRecentDebtServiceCoverageNetCashFlowpercentage>
      <mostRecentDebtServiceCoverageCode>F</mostRecentDebtServiceCoverageCode>
      <mostRecentAnnualLeaseRolloverReviewDate>12-31-2025</mostRecentAnnualLeaseRolloverReviewDate>
    </property>
    <assetAddedIndicator>false</assetAddedIndicator>
  </assets>
  <assets>
    <assetTypeNumber>Prospectus Loan ID</assetTypeNumber>
    <assetNumber>8-007</assetNumber>
    <reportingPeriodBeginningDate>04-14-2026</reportingPeriodBeginningDate>
    <reportingPeriodEndDate>05-11-2026</reportingPeriodEndDate>
    <property>
      <propertyName>DOLLAR TREE - OMAHA, NE</propertyName>
      <propertyAddress>2430 SOUTH 192ND AVENUE</propertyAddress>
      <propertyCity>Omaha</propertyCity>
      <propertyState>NE</propertyState>
      <propertyZip>68130</propertyZip>
      <propertyCounty>Douglas</propertyCounty>
      <propertyTypeCode>RT</propertyTypeCode>
      <netRentableSquareFeetNumber>9940</netRentableSquareFeetNumber>
      <netRentableSquareFeetSecuritizationNumber>9940</netRentableSquareFeetSecuritizationNumber>
      <yearBuiltNumber>2024</yearBuiltNumber>
      <valuationSecuritizationAmount>2710000.00</valuationSecuritizationAmount>
      <valuationSourceSecuritizationCode>MAI</valuationSourceSecuritizationCode>
      <valuationSecuritizationDate>02-13-2025</valuationSecuritizationDate>
      <physicalOccupancySecuritizationPercentage>1</physicalOccupancySecuritizationPercentage>
      <mostRecentPhysicalOccupancyPercentage>1</mostRecentPhysicalOccupancyPercentage>
      <propertyStatusCode>6</propertyStatusCode>
      <largestTenant>Dollar Tree</largestTenant>
      <squareFeetLargestTenantNumber>9940</squareFeetLargestTenantNumber>
      <leaseExpirationLargestTenantDate>02-28-2035</leaseExpirationLargestTenantDate>
      <mostRecentFinancialsStartDate>12-31-2024</mostRecentFinancialsStartDate>
      <mostRecentFinancialsEndDate>12-31-2025</mostRecentFinancialsEndDate>
      <mostRecentRevenueAmount>140393.48</mostRecentRevenueAmount>
      <operatingExpensesAmount>4211.80</operatingExpensesAmount>
      <mostRecentNetOperatingIncomeAmount>136181.68</mostRecentNetOperatingIncomeAmount>
      <mostRecentNetCashFlowAmount>135943.78</mostRecentNetCashFlowAmount>
      <netOperatingIncomeNetCashFlowSecuritizationCode>UW</netOperatingIncomeNetCashFlowSecuritizationCode>
      <netOperatingIncomeNetCashFlowCode>CREFC</netOperatingIncomeNetCashFlowCode>
      <mostRecentDebtServiceAmount>18678.27</mostRecentDebtServiceAmount>
      <mostRecentDebtServiceCoverageNetOperatingIncomePercentage>7.2909</mostRecentDebtServiceCoverageNetOperatingIncomePercentage>
      <mostRecentDebtServiceCoverageNetCashFlowpercentage>7.2781</mostRecentDebtServiceCoverageNetCashFlowpercentage>
      <mostRecentDebtServiceCoverageCode>F</mostRecentDebtServiceCoverageCode>
      <mostRecentAnnualLeaseRolloverReviewDate>12-31-2025</mostRecentAnnualLeaseRolloverReviewDate>
    </property>
    <assetAddedIndicator>false</assetAddedIndicator>
  </assets>
  <assets>
    <assetTypeNumber>Prospectus Loan ID</assetTypeNumber>
    <assetNumber>8-008</assetNumber>
    <reportingPeriodBeginningDate>04-14-2026</reportingPeriodBeginningDate>
    <reportingPeriodEndDate>05-11-2026</reportingPeriodEndDate>
    <property>
      <propertyName>DOLLAR GENERAL MARKET - MAGNOLIA, TX</propertyName>
      <propertyAddress>24911 NICHOLS SAWMILL ROAD</propertyAddress>
      <propertyCity>Magnolia</propertyCity>
      <propertyState>TX</propertyState>
      <propertyZip>77355</propertyZip>
      <propertyCounty>Montgomery</propertyCounty>
      <propertyTypeCode>RT</propertyTypeCode>
      <netRentableSquareFeetNumber>12668</netRentableSquareFeetNumber>
      <netRentableSquareFeetSecuritizationNumber>12668</netRentableSquareFeetSecuritizationNumber>
      <yearBuiltNumber>2025</yearBuiltNumber>
      <valuationSecuritizationAmount>2660000.00</valuationSecuritizationAmount>
      <valuationSourceSecuritizationCode>MAI</valuationSourceSecuritizationCode>
      <valuationSecuritizationDate>02-26-2025</valuationSecuritizationDate>
      <physicalOccupancySecuritizationPercentage>1</physicalOccupancySecuritizationPercentage>
      <mostRecentPhysicalOccupancyPercentage>1</mostRecentPhysicalOccupancyPercentage>
      <propertyStatusCode>6</propertyStatusCode>
      <largestTenant>Dollar General</largestTenant>
      <squareFeetLargestTenantNumber>12773</squareFeetLargestTenantNumber>
      <leaseExpirationLargestTenantDate>02-29-2040</leaseExpirationLargestTenantDate>
      <mostRecentFinancialsStartDate>12-31-2024</mostRecentFinancialsStartDate>
      <mostRecentFinancialsEndDate>12-31-2025</mostRecentFinancialsEndDate>
      <mostRecentRevenueAmount>178646.07</mostRecentRevenueAmount>
      <operatingExpensesAmount>5359.38</operatingExpensesAmount>
      <mostRecentNetOperatingIncomeAmount>173286.69</mostRecentNetOperatingIncomeAmount>
      <mostRecentNetCashFlowAmount>173048.79</mostRecentNetCashFlowAmount>
      <netOperatingIncomeNetCashFlowSecuritizationCode>UW</netOperatingIncomeNetCashFlowSecuritizationCode>
      <netOperatingIncomeNetCashFlowCode>CREFC</netOperatingIncomeNetCashFlowCode>
      <mostRecentDebtServiceAmount>18678.27</mostRecentDebtServiceAmount>
      <mostRecentDebtServiceCoverageNetOperatingIncomePercentage>9.2774</mostRecentDebtServiceCoverageNetOperatingIncomePercentage>
      <mostRecentDebtServiceCoverageNetCashFlowpercentage>9.2647</mostRecentDebtServiceCoverageNetCashFlowpercentage>
      <mostRecentDebtServiceCoverageCode>F</mostRecentDebtServiceCoverageCode>
      <mostRecentAnnualLeaseRolloverReviewDate>12-31-2025</mostRecentAnnualLeaseRolloverReviewDate>
    </property>
    <assetAddedIndicator>false</assetAddedIndicator>
  </assets>
  <assets>
    <assetTypeNumber>Prospectus Loan ID</assetTypeNumber>
    <assetNumber>8-009</assetNumber>
    <reportingPeriodBeginningDate>04-14-2026</reportingPeriodBeginningDate>
    <reportingPeriodEndDate>05-11-2026</reportingPeriodEndDate>
    <property>
      <propertyName>DOLLAR TREE - CALHOUN, GA</propertyName>
      <propertyAddress>1451 DEWS POND ROAD NORTHEAST</propertyAddress>
      <propertyCity>Calhoun</propertyCity>
      <propertyState>GA</propertyState>
      <propertyZip>30701</propertyZip>
      <propertyCounty>Gordon</propertyCounty>
      <propertyTypeCode>RT</propertyTypeCode>
      <netRentableSquareFeetNumber>10000</netRentableSquareFeetNumber>
      <netRentableSquareFeetSecuritizationNumber>10000</netRentableSquareFeetSecuritizationNumber>
      <yearBuiltNumber>2024</yearBuiltNumber>
      <valuationSecuritizationAmount>2400000.00</valuationSecuritizationAmount>
      <valuationSourceSecuritizationCode>MAI</valuationSourceSecuritizationCode>
      <valuationSecuritizationDate>03-25-2025</valuationSecuritizationDate>
      <physicalOccupancySecuritizationPercentage>1</physicalOccupancySecuritizationPercentage>
      <mostRecentPhysicalOccupancyPercentage>1</mostRecentPhysicalOccupancyPercentage>
      <propertyStatusCode>6</propertyStatusCode>
      <largestTenant>Dollar Tree</largestTenant>
      <squareFeetLargestTenantNumber>10076</squareFeetLargestTenantNumber>
      <leaseExpirationLargestTenantDate>02-28-2035</leaseExpirationLargestTenantDate>
      <mostRecentFinancialsStartDate>12-31-2024</mostRecentFinancialsStartDate>
      <mostRecentFinancialsEndDate>12-31-2025</mostRecentFinancialsEndDate>
      <mostRecentRevenueAmount>171363.81</mostRecentRevenueAmount>
      <operatingExpensesAmount>5140.91</operatingExpensesAmount>
      <mostRecentNetOperatingIncomeAmount>166222.90</mostRecentNetOperatingIncomeAmount>
      <mostRecentNetCashFlowAmount>165985.00</mostRecentNetCashFlowAmount>
      <netOperatingIncomeNetCashFlowSecuritizationCode>UW</netOperatingIncomeNetCashFlowSecuritizationCode>
      <netOperatingIncomeNetCashFlowCode>CREFC</netOperatingIncomeNetCashFlowCode>
      <mostRecentDebtServiceAmount>18678.27</mostRecentDebtServiceAmount>
      <mostRecentDebtServiceCoverageNetOperatingIncomePercentage>8.8992</mostRecentDebtServiceCoverageNetOperatingIncomePercentage>
      <mostRecentDebtServiceCoverageNetCashFlowpercentage>8.8865</mostRecentDebtServiceCoverageNetCashFlowpercentage>
      <mostRecentDebtServiceCoverageCode>F</mostRecentDebtServiceCoverageCode>
      <mostRecentAnnualLeaseRolloverReviewDate>12-31-2025</mostRecentAnnualLeaseRolloverReviewDate>
    </property>
    <assetAddedIndicator>false</assetAddedIndicator>
  </assets>
  <assets>
    <assetTypeNumber>Prospectus Loan ID</assetTypeNumber>
    <assetNumber>8-010</assetNumber>
    <reportingPeriodBeginningDate>04-14-2026</reportingPeriodBeginningDate>
    <reportingPeriodEndDate>05-11-2026</reportingPeriodEndDate>
    <property>
      <propertyName>DOLLAR TREE - SPRINGFIELD, IL</propertyName>
      <propertyAddress>1713 WEST JEFFERSON STREET</propertyAddress>
      <propertyCity>Springfield</propertyCity>
      <propertyState>IL</propertyState>
      <propertyZip>62702</propertyZip>
      <propertyCounty>Sangamon</propertyCounty>
      <propertyTypeCode>RT</propertyTypeCode>
      <netRentableSquareFeetNumber>10000</netRentableSquareFeetNumber>
      <netRentableSquareFeetSecuritizationNumber>10000</netRentableSquareFeetSecuritizationNumber>
      <yearBuiltNumber>2024</yearBuiltNumber>
      <valuationSecuritizationAmount>2375000.00</valuationSecuritizationAmount>
      <valuationSourceSecuritizationCode>MAI</valuationSourceSecuritizationCode>
      <valuationSecuritizationDate>02-26-2025</valuationSecuritizationDate>
      <physicalOccupancySecuritizationPercentage>1</physicalOccupancySecuritizationPercentage>
      <mostRecentPhysicalOccupancyPercentage>1</mostRecentPhysicalOccupancyPercentage>
      <propertyStatusCode>6</propertyStatusCode>
      <largestTenant>Dollar Tree</largestTenant>
      <squareFeetLargestTenantNumber>10037</squareFeetLargestTenantNumber>
      <leaseExpirationLargestTenantDate>01-31-2035</leaseExpirationLargestTenantDate>
      <mostRecentFinancialsStartDate>12-31-2024</mostRecentFinancialsStartDate>
      <mostRecentFinancialsEndDate>12-31-2025</mostRecentFinancialsEndDate>
      <mostRecentRevenueAmount>171360.85</mostRecentRevenueAmount>
      <operatingExpensesAmount>5140.80</operatingExpensesAmount>
      <mostRecentNetOperatingIncomeAmount>166220.05</mostRecentNetOperatingIncomeAmount>
      <mostRecentNetCashFlowAmount>165982.15</mostRecentNetCashFlowAmount>
      <netOperatingIncomeNetCashFlowSecuritizationCode>UW</netOperatingIncomeNetCashFlowSecuritizationCode>
      <netOperatingIncomeNetCashFlowCode>CREFC</netOperatingIncomeNetCashFlowCode>
      <mostRecentDebtServiceAmount>18678.27</mostRecentDebtServiceAmount>
      <mostRecentDebtServiceCoverageNetOperatingIncomePercentage>8.8991</mostRecentDebtServiceCoverageNetOperatingIncomePercentage>
      <mostRecentDebtServiceCoverageNetCashFlowpercentage>8.8863</mostRecentDebtServiceCoverageNetCashFlowpercentage>
      <mostRecentDebtServiceCoverageCode>F</mostRecentDebtServiceCoverageCode>
      <mostRecentAnnualLeaseRolloverReviewDate>12-31-2025</mostRecentAnnualLeaseRolloverReviewDate>
    </property>
    <assetAddedIndicator>false</assetAddedIndicator>
  </assets>
  <assets>
    <assetTypeNumber>Prospectus Loan ID</assetTypeNumber>
    <assetNumber>8-011</assetNumber>
    <reportingPeriodBeginningDate>04-14-2026</reportingPeriodBeginningDate>
    <reportingPeriodEndDate>05-11-2026</reportingPeriodEndDate>
    <property>
      <propertyName>SHERWIN WILLIAMS - GAINESVILLE, FL</propertyName>
      <propertyAddress>6304 NW 23RD STREET</propertyAddress>
      <propertyCity>Gainesville</propertyCity>
      <propertyState>FL</propertyState>
      <propertyZip>32653</propertyZip>
      <propertyCounty>Alachua</propertyCounty>
      <propertyTypeCode>RT</propertyTypeCode>
      <netRentableSquareFeetNumber>4000</netRentableSquareFeetNumber>
      <netRentableSquareFeetSecuritizationNumber>4000</netRentableSquareFeetSecuritizationNumber>
      <yearBuiltNumber>2024</yearBuiltNumber>
      <valuationSecuritizationAmount>2200000.00</valuationSecuritizationAmount>
      <valuationSourceSecuritizationCode>MAI</valuationSourceSecuritizationCode>
      <valuationSecuritizationDate>02-22-2025</valuationSecuritizationDate>
      <physicalOccupancySecuritizationPercentage>1</physicalOccupancySecuritizationPercentage>
      <mostRecentPhysicalOccupancyPercentage>1</mostRecentPhysicalOccupancyPercentage>
      <propertyStatusCode>6</propertyStatusCode>
      <largestTenant>Sherwin Williams</largestTenant>
      <squareFeetLargestTenantNumber>4016</squareFeetLargestTenantNumber>
      <leaseExpirationLargestTenantDate>01-31-2035</leaseExpirationLargestTenantDate>
      <mostRecentFinancialsStartDate>12-31-2024</mostRecentFinancialsStartDate>
      <mostRecentFinancialsEndDate>12-31-2025</mostRecentFinancialsEndDate>
      <mostRecentRevenueAmount>137661.15</mostRecentRevenueAmount>
      <operatingExpensesAmount>4129.83</operatingExpensesAmount>
      <mostRecentNetOperatingIncomeAmount>133531.32</mostRecentNetOperatingIncomeAmount>
      <mostRecentNetCashFlowAmount>133293.42</mostRecentNetCashFlowAmount>
      <netOperatingIncomeNetCashFlowSecuritizationCode>UW</netOperatingIncomeNetCashFlowSecuritizationCode>
      <netOperatingIncomeNetCashFlowCode>CREFC</netOperatingIncomeNetCashFlowCode>
      <mostRecentDebtServiceAmount>18678.27</mostRecentDebtServiceAmount>
      <mostRecentDebtServiceCoverageNetOperatingIncomePercentage>7.149</mostRecentDebtServiceCoverageNetOperatingIncomePercentage>
      <mostRecentDebtServiceCoverageNetCashFlowpercentage>7.1362</mostRecentDebtServiceCoverageNetCashFlowpercentage>
      <mostRecentDebtServiceCoverageCode>F</mostRecentDebtServiceCoverageCode>
      <mostRecentAnnualLeaseRolloverReviewDate>12-31-2025</mostRecentAnnualLeaseRolloverReviewDate>
    </property>
    <assetAddedIndicator>false</assetAddedIndicator>
  </assets>
  <assets>
    <assetTypeNumber>Prospectus Loan ID</assetTypeNumber>
    <assetNumber>8-012</assetNumber>
    <reportingPeriodBeginningDate>04-14-2026</reportingPeriodBeginningDate>
    <reportingPeriodEndDate>05-11-2026</reportingPeriodEndDate>
    <property>
      <propertyName>DOLLAR GENERAL PLUS - MUSKEGON, MI</propertyName>
      <propertyAddress>2055 MARQUETTE AVENUE</propertyAddress>
      <propertyCity>Muskegon</propertyCity>
      <propertyState>MI</propertyState>
      <propertyZip>49442</propertyZip>
      <propertyCounty>Muskegon</propertyCounty>
      <propertyTypeCode>RT</propertyTypeCode>
      <netRentableSquareFeetNumber>10542</netRentableSquareFeetNumber>
      <netRentableSquareFeetSecuritizationNumber>10542</netRentableSquareFeetSecuritizationNumber>
      <yearBuiltNumber>2025</yearBuiltNumber>
      <valuationSecuritizationAmount>2150000.00</valuationSecuritizationAmount>
      <valuationSourceSecuritizationCode>MAI</valuationSourceSecuritizationCode>
      <valuationSecuritizationDate>03-31-2025</valuationSecuritizationDate>
      <physicalOccupancySecuritizationPercentage>1</physicalOccupancySecuritizationPercentage>
      <mostRecentPhysicalOccupancyPercentage>1</mostRecentPhysicalOccupancyPercentage>
      <propertyStatusCode>6</propertyStatusCode>
      <largestTenant>Dollar General</largestTenant>
      <squareFeetLargestTenantNumber>10618</squareFeetLargestTenantNumber>
      <leaseExpirationLargestTenantDate>03-31-2040</leaseExpirationLargestTenantDate>
      <mostRecentFinancialsStartDate>12-31-2024</mostRecentFinancialsStartDate>
      <mostRecentFinancialsEndDate>12-31-2025</mostRecentFinancialsEndDate>
      <mostRecentRevenueAmount>143115.47</mostRecentRevenueAmount>
      <operatingExpensesAmount>4293.46</operatingExpensesAmount>
      <mostRecentNetOperatingIncomeAmount>138822.01</mostRecentNetOperatingIncomeAmount>
      <mostRecentNetCashFlowAmount>138584.11</mostRecentNetCashFlowAmount>
      <netOperatingIncomeNetCashFlowSecuritizationCode>UW</netOperatingIncomeNetCashFlowSecuritizationCode>
      <netOperatingIncomeNetCashFlowCode>CREFC</netOperatingIncomeNetCashFlowCode>
      <mostRecentDebtServiceAmount>18678.27</mostRecentDebtServiceAmount>
      <mostRecentDebtServiceCoverageNetOperatingIncomePercentage>7.4322</mostRecentDebtServiceCoverageNetOperatingIncomePercentage>
      <mostRecentDebtServiceCoverageNetCashFlowpercentage>7.4195</mostRecentDebtServiceCoverageNetCashFlowpercentage>
      <mostRecentDebtServiceCoverageCode>F</mostRecentDebtServiceCoverageCode>
      <mostRecentAnnualLeaseRolloverReviewDate>12-31-2025</mostRecentAnnualLeaseRolloverReviewDate>
    </property>
    <assetAddedIndicator>false</assetAddedIndicator>
  </assets>
  <assets>
    <assetTypeNumber>Prospectus Loan ID</assetTypeNumber>
    <assetNumber>8-013</assetNumber>
    <reportingPeriodBeginningDate>04-14-2026</reportingPeriodBeginningDate>
    <reportingPeriodEndDate>05-11-2026</reportingPeriodEndDate>
    <property>
      <propertyName>DOLLAR TREE - SAN ANTONIO, TX</propertyName>
      <propertyAddress>122 MOURSUND BOULEVARD</propertyAddress>
      <propertyCity>San Antonio</propertyCity>
      <propertyState>TX</propertyState>
      <propertyZip>78221</propertyZip>
      <propertyCounty>Bexar</propertyCounty>
      <propertyTypeCode>RT</propertyTypeCode>
      <netRentableSquareFeetNumber>10000</netRentableSquareFeetNumber>
      <netRentableSquareFeetSecuritizationNumber>10000</netRentableSquareFeetSecuritizationNumber>
      <yearBuiltNumber>2025</yearBuiltNumber>
      <valuationSecuritizationAmount>1790000.00</valuationSecuritizationAmount>
      <valuationSourceSecuritizationCode>MAI</valuationSourceSecuritizationCode>
      <valuationSecuritizationDate>02-28-2025</valuationSecuritizationDate>
      <physicalOccupancySecuritizationPercentage>1</physicalOccupancySecuritizationPercentage>
      <mostRecentPhysicalOccupancyPercentage>1</mostRecentPhysicalOccupancyPercentage>
      <propertyStatusCode>6</propertyStatusCode>
      <largestTenant>Dollar Tree</largestTenant>
      <squareFeetLargestTenantNumber>10000</squareFeetLargestTenantNumber>
      <leaseExpirationLargestTenantDate>03-31-2035</leaseExpirationLargestTenantDate>
      <mostRecentFinancialsStartDate>12-31-2024</mostRecentFinancialsStartDate>
      <mostRecentFinancialsEndDate>12-31-2025</mostRecentFinancialsEndDate>
      <mostRecentRevenueAmount>143152.41</mostRecentRevenueAmount>
      <operatingExpensesAmount>4294.56</operatingExpensesAmount>
      <mostRecentNetOperatingIncomeAmount>138857.85</mostRecentNetOperatingIncomeAmount>
      <mostRecentNetCashFlowAmount>138619.94</mostRecentNetCashFlowAmount>
      <netOperatingIncomeNetCashFlowSecuritizationCode>UW</netOperatingIncomeNetCashFlowSecuritizationCode>
      <netOperatingIncomeNetCashFlowCode>CREFC</netOperatingIncomeNetCashFlowCode>
      <mostRecentDebtServiceAmount>18678.27</mostRecentDebtServiceAmount>
      <mostRecentDebtServiceCoverageNetOperatingIncomePercentage>7.4341</mostRecentDebtServiceCoverageNetOperatingIncomePercentage>
      <mostRecentDebtServiceCoverageNetCashFlowpercentage>7.4214</mostRecentDebtServiceCoverageNetCashFlowpercentage>
      <mostRecentDebtServiceCoverageCode>F</mostRecentDebtServiceCoverageCode>
      <mostRecentAnnualLeaseRolloverReviewDate>12-31-2025</mostRecentAnnualLeaseRolloverReviewDate>
    </property>
    <assetAddedIndicator>false</assetAddedIndicator>
  </assets>
  <assets>
    <assetTypeNumber>Prospectus Loan ID</assetTypeNumber>
    <assetNumber>8-014</assetNumber>
    <reportingPeriodBeginningDate>04-14-2026</reportingPeriodBeginningDate>
    <reportingPeriodEndDate>05-11-2026</reportingPeriodEndDate>
    <property>
      <propertyName>DOLLAR TREE - GREEN BAY, WI</propertyName>
      <propertyAddress>340 CARDINAL LANE</propertyAddress>
      <propertyCity>Green Bay</propertyCity>
      <propertyState>WI</propertyState>
      <propertyZip>54313</propertyZip>
      <propertyCounty>Brown</propertyCounty>
      <propertyTypeCode>RT</propertyTypeCode>
      <netRentableSquareFeetNumber>9525</netRentableSquareFeetNumber>
      <netRentableSquareFeetSecuritizationNumber>9525</netRentableSquareFeetSecuritizationNumber>
      <yearBuiltNumber>2024</yearBuiltNumber>
      <valuationSecuritizationAmount>1700000.00</valuationSecuritizationAmount>
      <valuationSourceSecuritizationCode>MAI</valuationSourceSecuritizationCode>
      <valuationSecuritizationDate>02-26-2025</valuationSecuritizationDate>
      <physicalOccupancySecuritizationPercentage>1</physicalOccupancySecuritizationPercentage>
      <mostRecentPhysicalOccupancyPercentage>1</mostRecentPhysicalOccupancyPercentage>
      <propertyStatusCode>6</propertyStatusCode>
      <largestTenant>Dollar Tree</largestTenant>
      <squareFeetLargestTenantNumber>9591</squareFeetLargestTenantNumber>
      <leaseExpirationLargestTenantDate>01-31-2035</leaseExpirationLargestTenantDate>
      <mostRecentFinancialsStartDate>12-31-2024</mostRecentFinancialsStartDate>
      <mostRecentFinancialsEndDate>12-31-2025</mostRecentFinancialsEndDate>
      <mostRecentRevenueAmount>123007.96</mostRecentRevenueAmount>
      <operatingExpensesAmount>3690.24</operatingExpensesAmount>
      <mostRecentNetOperatingIncomeAmount>119317.72</mostRecentNetOperatingIncomeAmount>
      <mostRecentNetCashFlowAmount>119079.82</mostRecentNetCashFlowAmount>
      <netOperatingIncomeNetCashFlowSecuritizationCode>UW</netOperatingIncomeNetCashFlowSecuritizationCode>
      <netOperatingIncomeNetCashFlowCode>CREFC</netOperatingIncomeNetCashFlowCode>
      <mostRecentDebtServiceAmount>18678.27</mostRecentDebtServiceAmount>
      <mostRecentDebtServiceCoverageNetOperatingIncomePercentage>6.388</mostRecentDebtServiceCoverageNetOperatingIncomePercentage>
      <mostRecentDebtServiceCoverageNetCashFlowpercentage>6.3753</mostRecentDebtServiceCoverageNetCashFlowpercentage>
      <mostRecentDebtServiceCoverageCode>F</mostRecentDebtServiceCoverageCode>
      <mostRecentAnnualLeaseRolloverReviewDate>12-31-2025</mostRecentAnnualLeaseRolloverReviewDate>
    </property>
    <assetAddedIndicator>false</assetAddedIndicator>
  </assets>
  <assets>
    <assetTypeNumber>Prospectus Loan ID</assetTypeNumber>
    <assetNumber>8-015</assetNumber>
    <reportingPeriodBeginningDate>04-14-2026</reportingPeriodBeginningDate>
    <reportingPeriodEndDate>05-11-2026</reportingPeriodEndDate>
    <property>
      <propertyName>DOLLAR GENERAL - SPRINGFIELD, IL</propertyName>
      <propertyAddress>3100 RIDGE AVENUE</propertyAddress>
      <propertyCity>Springfield</propertyCity>
      <propertyState>IL</propertyState>
      <propertyZip>62702</propertyZip>
      <propertyCounty>Sangamon</propertyCounty>
      <propertyTypeCode>RT</propertyTypeCode>
      <netRentableSquareFeetNumber>10640</netRentableSquareFeetNumber>
      <netRentableSquareFeetSecuritizationNumber>10640</netRentableSquareFeetSecuritizationNumber>
      <yearBuiltNumber>2024</yearBuiltNumber>
      <valuationSecuritizationAmount>1675000.00</valuationSecuritizationAmount>
      <valuationSourceSecuritizationCode>MAI</valuationSourceSecuritizationCode>
      <valuationSecuritizationDate>02-26-2025</valuationSecuritizationDate>
      <physicalOccupancySecuritizationPercentage>1</physicalOccupancySecuritizationPercentage>
      <mostRecentPhysicalOccupancyPercentage>1</mostRecentPhysicalOccupancyPercentage>
      <propertyStatusCode>6</propertyStatusCode>
      <largestTenant>Dollar General</largestTenant>
      <squareFeetLargestTenantNumber>10925</squareFeetLargestTenantNumber>
      <leaseExpirationLargestTenantDate>07-31-2039</leaseExpirationLargestTenantDate>
      <mostRecentFinancialsStartDate>12-31-2024</mostRecentFinancialsStartDate>
      <mostRecentFinancialsEndDate>12-31-2025</mostRecentFinancialsEndDate>
      <mostRecentRevenueAmount>119983.04</mostRecentRevenueAmount>
      <operatingExpensesAmount>3599.49</operatingExpensesAmount>
      <mostRecentNetOperatingIncomeAmount>116383.55</mostRecentNetOperatingIncomeAmount>
      <mostRecentNetCashFlowAmount>116145.65</mostRecentNetCashFlowAmount>
      <netOperatingIncomeNetCashFlowSecuritizationCode>UW</netOperatingIncomeNetCashFlowSecuritizationCode>
      <netOperatingIncomeNetCashFlowCode>CREFC</netOperatingIncomeNetCashFlowCode>
      <mostRecentDebtServiceAmount>18678.27</mostRecentDebtServiceAmount>
      <mostRecentDebtServiceCoverageNetOperatingIncomePercentage>6.2309</mostRecentDebtServiceCoverageNetOperatingIncomePercentage>
      <mostRecentDebtServiceCoverageNetCashFlowpercentage>6.2182</mostRecentDebtServiceCoverageNetCashFlowpercentage>
      <mostRecentDebtServiceCoverageCode>F</mostRecentDebtServiceCoverageCode>
      <mostRecentAnnualLeaseRolloverReviewDate>12-31-2025</mostRecentAnnualLeaseRolloverReviewDate>
    </property>
    <assetAddedIndicator>false</assetAddedIndicator>
  </assets>
  <assets>
    <assetTypeNumber>Prospectus Loan ID</assetTypeNumber>
    <assetNumber>9</assetNumber>
    <reportingPeriodBeginningDate>04-14-2026</reportingPeriodBeginningDate>
    <reportingPeriodEndDate>05-11-2026</reportingPeriodEndDate>
    <originatorName>MSBNA</originatorName>
    <originationDate>04-28-2025</originationDate>
    <originalLoanAmount>24040000.00</originalLoanAmount>
    <originalTermLoanNumber>60</originalTermLoanNumber>
    <maturityDate>05-01-2030</maturityDate>
    <originalInterestRatePercentage>0.0657</originalInterestRatePercentage>
    <interestRateSecuritizationPercentage>0.0657</interestRateSecuritizationPercentage>
    <interestAccrualMethodCode>3</interestAccrualMethodCode>
    <originalInterestRateTypeCode>1</originalInterestRateTypeCode>
    <originalInterestOnlyTermNumber>60</originalInterestOnlyTermNumber>
    <firstLoanPaymentDueDate>06-01-2025</firstLoanPaymentDueDate>
    <underwritingIndicator>true</underwritingIndicator>
    <lienPositionSecuritizationCode>1</lienPositionSecuritizationCode>
    <loanStructureCode>WL</loanStructureCode>
    <paymentTypeCode>3</paymentTypeCode>
    <periodicPrincipalAndInterestPaymentSecuritizationAmount>131619.00</periodicPrincipalAndInterestPaymentSecuritizationAmount>
    <scheduledPrincipalBalanceSecuritizationAmount>24040000.00</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>12-31-2029</prepaymentLockOutEndDate>
    <property>
      <propertyName>SHERMAN COMMONS</propertyName>
      <propertyAddress>3609, 3811-4127 NORTH U.S. HIGHWAY 75</propertyAddress>
      <propertyCity>Sherman</propertyCity>
      <propertyState>TX</propertyState>
      <propertyZip>75090</propertyZip>
      <propertyCounty>Grayson</propertyCounty>
      <propertyTypeCode>RT</propertyTypeCode>
      <netRentableSquareFeetNumber>275348</netRentableSquareFeetNumber>
      <netRentableSquareFeetSecuritizationNumber>275348</netRentableSquareFeetSecuritizationNumber>
      <yearBuiltNumber>2006</yearBuiltNumber>
      <valuationSecuritizationAmount>34500000.00</valuationSecuritizationAmount>
      <valuationSourceSecuritizationCode>MAI</valuationSourceSecuritizationCode>
      <valuationSecuritizationDate>02-25-2025</valuationSecuritizationDate>
      <physicalOccupancySecuritizationPercentage>0.91</physicalOccupancySecuritizationPercentage>
      <mostRecentPhysicalOccupancyPercentage>1</mostRecentPhysicalOccupancyPercentage>
      <propertyStatusCode>6</propertyStatusCode>
      <defeasanceOptionStartDate>08-01-2027</defeasanceOptionStartDate>
      <DefeasedStatusCode>N</DefeasedStatusCode>
      <largestTenant>Academy Sports</largestTenant>
      <squareFeetLargestTenantNumber>74769</squareFeetLargestTenantNumber>
      <leaseExpirationLargestTenantDate>01-31-2027</leaseExpirationLargestTenantDate>
      <secondLargestTenant>Kohl's Deparment Stores  Inc.</secondLargestTenant>
      <squareFeetSecondLargestTenantNumber>68725</squareFeetSecondLargestTenantNumber>
      <leaseExpirationSecondLargestTenantDate>01-31-2032</leaseExpirationSecondLargestTenantDate>
      <thirdLargestTenant>Burlington Coat Factory</thirdLargestTenant>
      <squareFeetThirdLargestTenantNumber>20451</squareFeetThirdLargestTenantNumber>
      <leaseExpirationThirdLargestTenantDate>01-31-2028</leaseExpirationThirdLargestTenantDate>
      <financialsSecuritizationDate>12-31-2024</financialsSecuritizationDate>
      <mostRecentFinancialsStartDate>12-31-2024</mostRecentFinancialsStartDate>
      <mostRecentFinancialsEndDate>12-31-2025</mostRecentFinancialsEndDate>
      <revenueSecuritizationAmount>4003893.13</revenueSecuritizationAmount>
      <mostRecentRevenueAmount>4155526.47</mostRecentRevenueAmount>
      <operatingExpensesSecuritizationAmount>1412531.81</operatingExpensesSecuritizationAmount>
      <operatingExpensesAmount>1457942.28</operatingExpensesAmount>
      <netOperatingIncomeSecuritizationAmount>2591361.32</netOperatingIncomeSecuritizationAmount>
      <mostRecentNetOperatingIncomeAmount>2697584.19</mostRecentNetOperatingIncomeAmount>
      <netCashFlowFlowSecuritizationAmount>2399162.12</netCashFlowFlowSecuritizationAmount>
      <mostRecentNetCashFlowAmount>2505384.99</mostRecentNetCashFlowAmount>
      <netOperatingIncomeNetCashFlowSecuritizationCode>UW</netOperatingIncomeNetCashFlowSecuritizationCode>
      <netOperatingIncomeNetCashFlowCode>CREFC</netOperatingIncomeNetCashFlowCode>
      <mostRecentDebtServiceAmount>1601364.50</mostRecentDebtServiceAmount>
      <debtServiceCoverageNetOperatingIncomeSecuritizationPercentage>1.62</debtServiceCoverageNetOperatingIncomeSecuritizationPercentage>
      <mostRecentDebtServiceCoverageNetOperatingIncomePercentage>1.6845</mostRecentDebtServiceCoverageNetOperatingIncomePercentage>
      <debtServiceCoverageNetCashFlowSecuritizationPercentage>1.50</debtServiceCoverageNetCashFlowSecuritizationPercentage>
      <mostRecentDebtServiceCoverageNetCashFlowpercentage>1.5645</mostRecentDebtServiceCoverageNetCashFlowpercentage>
      <debtServiceCoverageSecuritizationCode>F</debtServiceCoverageSecuritizationCode>
      <mostRecentDebtServiceCoverageCode>F</mostRecentDebtServiceCoverageCode>
      <mostRecentAnnualLeaseRolloverReviewDate>12-31-2025</mostRecentAnnualLeaseRolloverReviewDate>
    </property>
    <assetAddedIndicator>false</assetAddedIndicator>
    <reportPeriodModificationIndicator>false</reportPeriodModificationIndicator>
    <reportPeriodBeginningScheduleLoanBalanceAmount>24040000.00</reportPeriodBeginningScheduleLoanBalanceAmount>
    <totalScheduledPrincipalInterestDueAmount>131619.00</totalScheduledPrincipalInterestDueAmount>
    <reportPeriodInterestRatePercentage>0.0657</reportPeriodInterestRatePercentage>
    <servicerTrusteeFeeRatePercentage>0.0002522</servicerTrusteeFeeRatePercentage>
    <scheduledInterestAmount>131619.00</scheduledInterestAmount>
    <scheduledPrincipalAmount>0.00</scheduledPrincipalAmount>
    <unscheduledPrincipalCollectedAmount>0.00</unscheduledPrincipalCollectedAmount>
    <reportPeriodEndActualBalanceAmount>24040000.00</reportPeriodEndActualBalanceAmount>
    <reportPeriodEndScheduledLoanBalanceAmount>24040000.00</reportPeriodEndScheduledLoanBalanceAmount>
    <paidThroughDate>05-01-2026</paidThroughDate>
    <servicingAdvanceMethodCode>1</servicingAdvanceMethodCode>
    <nonRecoverabilityIndicator>false</nonRecoverabilityIndicator>
    <totalPrincipalInterestAdvancedOutstandingAmount>0</totalPrincipalInterestAdvancedOutstandingAmount>
    <totalTaxesInsuranceAdvancesOutstandingAmount>0</totalTaxesInsuranceAdvancesOutstandingAmount>
    <otherExpensesAdvancedOutstandingAmount>0</otherExpensesAdvancedOutstandingAmount>
    <paymentStatusLoanCode>0</paymentStatusLoanCode>
    <nextInterestRatePercentage>0</nextInterestRatePercentage>
    <primaryServicerName>Trimont LLC</primaryServicerName>
    <assetSubjectDemandIndicator>false</assetSubjectDemandIndicator>
  </assets>
  <assets>
    <assetTypeNumber>Prospectus Loan ID</assetTypeNumber>
    <assetNumber>10</assetNumber>
    <reportingPeriodBeginningDate>04-14-2026</reportingPeriodBeginningDate>
    <reportingPeriodEndDate>05-11-2026</reportingPeriodEndDate>
    <originatorName>MSBNA</originatorName>
    <originationDate>04-10-2025</originationDate>
    <originalLoanAmount>23500000.00</originalLoanAmount>
    <originalTermLoanNumber>60</originalTermLoanNumber>
    <maturityDate>05-01-2030</maturityDate>
    <originalInterestRatePercentage>0.0635</originalInterestRatePercentage>
    <interestRateSecuritizationPercentage>0.0635</interestRateSecuritizationPercentage>
    <interestAccrualMethodCode>3</interestAccrualMethodCode>
    <originalInterestRateTypeCode>1</originalInterestRateTypeCode>
    <originalInterestOnlyTermNumber>60</originalInterestOnlyTermNumber>
    <firstLoanPaymentDueDate>06-01-2025</firstLoanPaymentDueDate>
    <underwritingIndicator>true</underwritingIndicator>
    <lienPositionSecuritizationCode>1</lienPositionSecuritizationCode>
    <loanStructureCode>WL</loanStructureCode>
    <paymentTypeCode>3</paymentTypeCode>
    <periodicPrincipalAndInterestPaymentSecuritizationAmount>124354.17</periodicPrincipalAndInterestPaymentSecuritizationAmount>
    <scheduledPrincipalBalanceSecuritizationAmount>23500000.00</scheduledPrincipalBalanceSecuritizationAmount>
    <paymentFrequencyCode>1</paymentFrequencyCode>
    <NumberPropertiesSecuritization>3</NumberPropertiesSecuritization>
    <NumberProperties>3</NumberProperties>
    <graceDaysAllowedNumber>5</graceDaysAllowedNumber>
    <interestOnlyIndicator>true</interestOnlyIndicator>
    <balloonIndicator>true</balloonIndicator>
    <prepaymentPremiumIndicator>true</prepaymentPremiumIndicator>
    <negativeAmortizationIndicator>false</negativeAmortizationIndicator>
    <modifiedIndicator>false</modifiedIndicator>
    <prepaymentLockOutEndDate>04-30-2027</prepaymentLockOutEndDate>
    <yieldMaintenanceEndDate>12-31-2029</yieldMaintenanceEndDate>
    <prepaymentPremiumsEndDate>12-31-2029</prepaymentPremiumsEndDate>
    <property>
      <propertyName>Clear Trail 3-Pack</propertyName>
      <propertyTypeCode>MH</propertyTypeCode>
      <unitsBedsRoomsNumber>520</unitsBedsRoomsNumber>
      <unitsBedsRoomsSecuritizationNumber>520</unitsBedsRoomsSecuritizationNumber>
      <valuationSecuritizationAmount>35500000.00</valuationSecuritizationAmount>
      <physicalOccupancySecuritizationPercentage>0.87</physicalOccupancySecuritizationPercentage>
      <mostRecentPhysicalOccupancyPercentage>0.73</mostRecentPhysicalOccupancyPercentage>
      <DefeasedStatusCode>X</DefeasedStatusCode>
      <financialsSecuritizationDate>03-31-2025</financialsSecuritizationDate>
      <mostRecentFinancialsStartDate>01-01-2025</mostRecentFinancialsStartDate>
      <mostRecentFinancialsEndDate>09-30-2025</mostRecentFinancialsEndDate>
      <revenueSecuritizationAmount>3073970.32</revenueSecuritizationAmount>
      <mostRecentRevenueAmount>2966402.00</mostRecentRevenueAmount>
      <operatingExpensesSecuritizationAmount>1098937.61</operatingExpensesSecuritizationAmount>
      <operatingExpensesAmount>1288386.14</operatingExpensesAmount>
      <netOperatingIncomeSecuritizationAmount>1975032.71</netOperatingIncomeSecuritizationAmount>
      <mostRecentNetOperatingIncomeAmount>1678015.86</mostRecentNetOperatingIncomeAmount>
      <netCashFlowFlowSecuritizationAmount>1948632.71</netCashFlowFlowSecuritizationAmount>
      <mostRecentNetCashFlowAmount>1658215.86</mostRecentNetCashFlowAmount>
      <netOperatingIncomeNetCashFlowSecuritizationCode>UW</netOperatingIncomeNetCashFlowSecuritizationCode>
      <mostRecentDebtServiceAmount>1131623.00</mostRecentDebtServiceAmount>
      <debtServiceCoverageNetOperatingIncomeSecuritizationPercentage>1.31</debtServiceCoverageNetOperatingIncomeSecuritizationPercentage>
      <mostRecentDebtServiceCoverageNetOperatingIncomePercentage>1.4828</mostRecentDebtServiceCoverageNetOperatingIncomePercentage>
      <debtServiceCoverageNetCashFlowSecuritizationPercentage>1.29</debtServiceCoverageNetCashFlowSecuritizationPercentage>
      <mostRecentDebtServiceCoverageNetCashFlowpercentage>1.4653</mostRecentDebtServiceCoverageNetCashFlowpercentage>
      <debtServiceCoverageSecuritizationCode>F</debtServiceCoverageSecuritizationCode>
      <mostRecentDebtServiceCoverageCode>F</mostRecentDebtServiceCoverageCode>
    </property>
    <assetAddedIndicator>false</assetAddedIndicator>
    <reportPeriodModificationIndicator>false</reportPeriodModificationIndicator>
    <reportPeriodBeginningScheduleLoanBalanceAmount>23500000.00</reportPeriodBeginningScheduleLoanBalanceAmount>
    <totalScheduledPrincipalInterestDueAmount>124354.17</totalScheduledPrincipalInterestDueAmount>
    <reportPeriodInterestRatePercentage>0.0635</reportPeriodInterestRatePercentage>
    <servicerTrusteeFeeRatePercentage>0.0005272</servicerTrusteeFeeRatePercentage>
    <scheduledInterestAmount>124354.17</scheduledInterestAmount>
    <scheduledPrincipalAmount>0.00</scheduledPrincipalAmount>
    <unscheduledPrincipalCollectedAmount>0.00</unscheduledPrincipalCollectedAmount>
    <reportPeriodEndActualBalanceAmount>23500000.00</reportPeriodEndActualBalanceAmount>
    <reportPeriodEndScheduledLoanBalanceAmount>23500000.00</reportPeriodEndScheduledLoanBalanceAmount>
    <paidThroughDate>05-01-2026</paidThroughDate>
    <servicingAdvanceMethodCode>1</servicingAdvanceMethodCode>
    <nonRecoverabilityIndicator>false</nonRecoverabilityIndicator>
    <totalPrincipalInterestAdvancedOutstandingAmount>0</totalPrincipalInterestAdvancedOutstandingAmount>
    <totalTaxesInsuranceAdvancesOutstandingAmount>0</totalTaxesInsuranceAdvancesOutstandingAmount>
    <otherExpensesAdvancedOutstandingAmount>0</otherExpensesAdvancedOutstandingAmount>
    <paymentStatusLoanCode>0</paymentStatusLoanCode>
    <nextInterestRatePercentage>0</nextInterestRatePercentage>
    <primaryServicerName>Trimont LLC</primaryServicerName>
    <assetSubjectDemandIndicator>false</assetSubjectDemandIndicator>
  </assets>
  <assets>
    <assetTypeNumber>Prospectus Loan ID</assetTypeNumber>
    <assetNumber>10-001</assetNumber>
    <reportingPeriodBeginningDate>04-14-2026</reportingPeriodBeginningDate>
    <reportingPeriodEndDate>05-11-2026</reportingPeriodEndDate>
    <property>
      <propertyName>MEADOWBROOK</propertyName>
      <propertyAddress>7280 WEST MOUNT MORRIS ROAD</propertyAddress>
      <propertyCity>Flushing</propertyCity>
      <propertyState>MI</propertyState>
      <propertyZip>48433</propertyZip>
      <propertyCounty>Genesee</propertyCounty>
      <propertyTypeCode>MH</propertyTypeCode>
      <unitsBedsRoomsNumber>321</unitsBedsRoomsNumber>
      <unitsBedsRoomsSecuritizationNumber>321</unitsBedsRoomsSecuritizationNumber>
      <yearBuiltNumber>1971</yearBuiltNumber>
      <valuationSecuritizationAmount>25700000.00</valuationSecuritizationAmount>
      <valuationSourceSecuritizationCode>MAI</valuationSourceSecuritizationCode>
      <valuationSecuritizationDate>02-23-2025</valuationSecuritizationDate>
      <physicalOccupancySecuritizationPercentage>0.85</physicalOccupancySecuritizationPercentage>
      <mostRecentPhysicalOccupancyPercentage>0.63</mostRecentPhysicalOccupancyPercentage>
      <propertyStatusCode>6</propertyStatusCode>
      <financialsSecuritizationDate>03-31-2025</financialsSecuritizationDate>
      <mostRecentFinancialsStartDate>01-01-2025</mostRecentFinancialsStartDate>
      <mostRecentFinancialsEndDate>09-30-2025</mostRecentFinancialsEndDate>
      <revenueSecuritizationAmount>2162138.48</revenueSecuritizationAmount>
      <mostRecentRevenueAmount>2078406.00</mostRecentRevenueAmount>
      <operatingExpensesSecuritizationAmount>809330.27</operatingExpensesSecuritizationAmount>
      <operatingExpensesAmount>960345.18</operatingExpensesAmount>
      <netOperatingIncomeSecuritizationAmount>1352808.21</netOperatingIncomeSecuritizationAmount>
      <mostRecentNetOperatingIncomeAmount>1118060.82</mostRecentNetOperatingIncomeAmount>
      <netCashFlowFlowSecuritizationAmount>1336758.21</netCashFlowFlowSecuritizationAmount>
      <mostRecentNetCashFlowAmount>1106023.32</mostRecentNetCashFlowAmount>
      <netOperatingIncomeNetCashFlowSecuritizationCode>UW</netOperatingIncomeNetCashFlowSecuritizationCode>
      <netOperatingIncomeNetCashFlowCode>CREFC</netOperatingIncomeNetCashFlowCode>
      <mostRecentDebtServiceAmount>786117.00</mostRecentDebtServiceAmount>
      <mostRecentDebtServiceCoverageNetOperatingIncomePercentage>1.4222</mostRecentDebtServiceCoverageNetOperatingIncomePercentage>
      <mostRecentDebtServiceCoverageNetCashFlowpercentage>1.4069</mostRecentDebtServiceCoverageNetCashFlowpercentage>
      <mostRecentDebtServiceCoverageCode>F</mostRecentDebtServiceCoverageCode>
      <mostRecentAnnualLeaseRolloverReviewDate>03-01-2025</mostRecentAnnualLeaseRolloverReviewDate>
    </property>
    <assetAddedIndicator>false</assetAddedIndicator>
  </assets>
  <assets>
    <assetTypeNumber>Prospectus Loan ID</assetTypeNumber>
    <assetNumber>10-002</assetNumber>
    <reportingPeriodBeginningDate>04-14-2026</reportingPeriodBeginningDate>
    <reportingPeriodEndDate>05-11-2026</reportingPeriodEndDate>
    <property>
      <propertyName>TIMBERLAKE</propertyName>
      <propertyAddress>3718 MAPLE GROVE DRIVE</propertyAddress>
      <propertyCity>La Grange</propertyCity>
      <propertyState>NC</propertyState>
      <propertyZip>28551</propertyZip>
      <propertyCounty>Lenoir</propertyCounty>
      <propertyTypeCode>MH</propertyTypeCode>
      <unitsBedsRoomsNumber>104</unitsBedsRoomsNumber>
      <unitsBedsRoomsSecuritizationNumber>104</unitsBedsRoomsSecuritizationNumber>
      <yearBuiltNumber>1985</yearBuiltNumber>
      <valuationSecuritizationAmount>5900000.00</valuationSecuritizationAmount>
      <valuationSourceSecuritizationCode>MAI</valuationSourceSecuritizationCode>
      <valuationSecuritizationDate>03-10-2025</valuationSecuritizationDate>
      <physicalOccupancySecuritizationPercentage>0.93</physicalOccupancySecuritizationPercentage>
      <mostRecentPhysicalOccupancyPercentage>0.69</mostRecentPhysicalOccupancyPercentage>
      <propertyStatusCode>6</propertyStatusCode>
      <financialsSecuritizationDate>03-31-2025</financialsSecuritizationDate>
      <mostRecentFinancialsStartDate>01-01-2025</mostRecentFinancialsStartDate>
      <mostRecentFinancialsEndDate>09-30-2025</mostRecentFinancialsEndDate>
      <revenueSecuritizationAmount>512294.64</revenueSecuritizationAmount>
      <mostRecentRevenueAmount>595926.00</mostRecentRevenueAmount>
      <operatingExpensesSecuritizationAmount>144649.31</operatingExpensesSecuritizationAmount>
      <operatingExpensesAmount>206651.63</operatingExpensesAmount>
      <netOperatingIncomeSecuritizationAmount>367645.33</netOperatingIncomeSecuritizationAmount>
      <mostRecentNetOperatingIncomeAmount>389274.37</mostRecentNetOperatingIncomeAmount>
      <netCashFlowFlowSecuritizationAmount>362445.33</netCashFlowFlowSecuritizationAmount>
      <mostRecentNetCashFlowAmount>385374.37</mostRecentNetCashFlowAmount>
      <netOperatingIncomeNetCashFlowSecuritizationCode>UW</netOperatingIncomeNetCashFlowSecuritizationCode>
      <netOperatingIncomeNetCashFlowCode>CREFC</netOperatingIncomeNetCashFlowCode>
      <mostRecentDebtServiceAmount>207881.00</mostRecentDebtServiceAmount>
      <mostRecentDebtServiceCoverageNetOperatingIncomePercentage>1.8725</mostRecentDebtServiceCoverageNetOperatingIncomePercentage>
      <mostRecentDebtServiceCoverageNetCashFlowpercentage>1.8538</mostRecentDebtServiceCoverageNetCashFlowpercentage>
      <mostRecentDebtServiceCoverageCode>F</mostRecentDebtServiceCoverageCode>
      <mostRecentAnnualLeaseRolloverReviewDate>03-01-2025</mostRecentAnnualLeaseRolloverReviewDate>
    </property>
    <assetAddedIndicator>false</assetAddedIndicator>
  </assets>
  <assets>
    <assetTypeNumber>Prospectus Loan ID</assetTypeNumber>
    <assetNumber>10-003</assetNumber>
    <reportingPeriodBeginningDate>04-14-2026</reportingPeriodBeginningDate>
    <reportingPeriodEndDate>05-11-2026</reportingPeriodEndDate>
    <property>
      <propertyName>TOWN &amp; COUNTRY</propertyName>
      <propertyAddress>59 TOWN AND COUNTRY LANE</propertyAddress>
      <propertyCity>Troy</propertyCity>
      <propertyState>PA</propertyState>
      <propertyZip>16947</propertyZip>
      <propertyCounty>Bradford</propertyCounty>
      <propertyTypeCode>MH</propertyTypeCode>
      <unitsBedsRoomsNumber>95</unitsBedsRoomsNumber>
      <unitsBedsRoomsSecuritizationNumber>95</unitsBedsRoomsSecuritizationNumber>
      <yearBuiltNumber>1970</yearBuiltNumber>
      <valuationSecuritizationAmount>3900000.00</valuationSecuritizationAmount>
      <valuationSourceSecuritizationCode>MAI</valuationSourceSecuritizationCode>
      <valuationSecuritizationDate>02-26-2025</valuationSecuritizationDate>
      <physicalOccupancySecuritizationPercentage>0.88</physicalOccupancySecuritizationPercentage>
      <mostRecentPhysicalOccupancyPercentage>0.86</mostRecentPhysicalOccupancyPercentage>
      <propertyStatusCode>6</propertyStatusCode>
      <financialsSecuritizationDate>03-31-2025</financialsSecuritizationDate>
      <mostRecentFinancialsStartDate>01-01-2025</mostRecentFinancialsStartDate>
      <mostRecentFinancialsEndDate>09-30-2025</mostRecentFinancialsEndDate>
      <revenueSecuritizationAmount>399537.20</revenueSecuritizationAmount>
      <mostRecentRevenueAmount>292070.00</mostRecentRevenueAmount>
      <operatingExpensesSecuritizationAmount>144958.03</operatingExpensesSecuritizationAmount>
      <operatingExpensesAmount>121389.33</operatingExpensesAmount>
      <netOperatingIncomeSecuritizationAmount>254579.17</netOperatingIncomeSecuritizationAmount>
      <mostRecentNetOperatingIncomeAmount>170680.67</mostRecentNetOperatingIncomeAmount>
      <netCashFlowFlowSecuritizationAmount>249429.17</netCashFlowFlowSecuritizationAmount>
      <mostRecentNetCashFlowAmount>166818.17</mostRecentNetCashFlowAmount>
      <netOperatingIncomeNetCashFlowSecuritizationCode>UW</netOperatingIncomeNetCashFlowSecuritizationCode>
      <netOperatingIncomeNetCashFlowCode>CREFC</netOperatingIncomeNetCashFlowCode>
      <mostRecentDebtServiceAmount>137625.00</mostRecentDebtServiceAmount>
      <mostRecentDebtServiceCoverageNetOperatingIncomePercentage>1.2401</mostRecentDebtServiceCoverageNetOperatingIncomePercentage>
      <mostRecentDebtServiceCoverageNetCashFlowpercentage>1.2121</mostRecentDebtServiceCoverageNetCashFlowpercentage>
      <mostRecentDebtServiceCoverageCode>F</mostRecentDebtServiceCoverageCode>
      <mostRecentAnnualLeaseRolloverReviewDate>03-01-2025</mostRecentAnnualLeaseRolloverReviewDate>
    </property>
    <assetAddedIndicator>false</assetAddedIndicator>
  </assets>
  <assets>
    <assetTypeNumber>Prospectus Loan ID</assetTypeNumber>
    <assetNumber>11</assetNumber>
    <reportingPeriodBeginningDate>04-14-2026</reportingPeriodBeginningDate>
    <reportingPeriodEndDate>05-11-2026</reportingPeriodEndDate>
    <originatorName>JPMCB</originatorName>
    <originationDate>06-12-2025</originationDate>
    <originalLoanAmount>23250000.00</originalLoanAmount>
    <originalTermLoanNumber>60</originalTermLoanNumber>
    <maturityDate>07-01-2030</maturityDate>
    <originalInterestRatePercentage>0.05964</originalInterestRatePercentage>
    <interestRateSecuritizationPercentage>0.05964</interestRateSecuritizationPercentage>
    <interestAccrualMethodCode>3</interestAccrualMethodCode>
    <originalInterestRateTypeCode>1</originalInterestRateTypeCode>
    <originalInterestOnlyTermNumber>60</originalInterestOnlyTermNumber>
    <firstLoanPaymentDueDate>08-01-2025</firstLoanPaymentDueDate>
    <underwritingIndicator>true</underwritingIndicator>
    <lienPositionSecuritizationCode>1</lienPositionSecuritizationCode>
    <loanStructureCode>WL</loanStructureCode>
    <paymentTypeCode>3</paymentTypeCode>
    <periodicPrincipalAndInterestPaymentSecuritizationAmount>0.00</periodicPrincipalAndInterestPaymentSecuritizationAmount>
    <scheduledPrincipalBalanceSecuritizationAmount>23250000.00</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>01-31-2030</prepaymentLockOutEndDate>
    <property>
      <propertyName>225 BROADWAY</propertyName>
      <propertyAddress>225 BROADWAY</propertyAddress>
      <propertyCity>San Diego</propertyCity>
      <propertyState>CA</propertyState>
      <propertyZip>92101</propertyZip>
      <propertyCounty>San Diego</propertyCounty>
      <propertyTypeCode>OF</propertyTypeCode>
      <netRentableSquareFeetNumber>351540</netRentableSquareFeetNumber>
      <netRentableSquareFeetSecuritizationNumber>351540</netRentableSquareFeetSecuritizationNumber>
      <yearBuiltNumber>1976</yearBuiltNumber>
      <yearLastRenovated>2016</yearLastRenovated>
      <valuationSecuritizationAmount>48000000.00</valuationSecuritizationAmount>
      <valuationSourceSecuritizationCode>MAI</valuationSourceSecuritizationCode>
      <valuationSecuritizationDate>02-04-2025</valuationSecuritizationDate>
      <physicalOccupancySecuritizationPercentage>0.82</physicalOccupancySecuritizationPercentage>
      <mostRecentPhysicalOccupancyPercentage>0.82</mostRecentPhysicalOccupancyPercentage>
      <propertyStatusCode>6</propertyStatusCode>
      <defeasanceOptionStartDate>08-01-2027</defeasanceOptionStartDate>
      <DefeasedStatusCode>N</DefeasedStatusCode>
      <largestTenant>Federal Defenders of San Diego</largestTenant>
      <squareFeetLargestTenantNumber>46923</squareFeetLargestTenantNumber>
      <leaseExpirationLargestTenantDate>07-31-2030</leaseExpirationLargestTenantDate>
      <secondLargestTenant>M. ARTHUR GENSLER &amp; ASSOCIAT</secondLargestTenant>
      <squareFeetSecondLargestTenantNumber>21347</squareFeetSecondLargestTenantNumber>
      <leaseExpirationSecondLargestTenantDate>04-30-2027</leaseExpirationSecondLargestTenantDate>
      <thirdLargestTenant>Webstacks LLC</thirdLargestTenant>
      <squareFeetThirdLargestTenantNumber>15718</squareFeetThirdLargestTenantNumber>
      <leaseExpirationThirdLargestTenantDate>05-31-2027</leaseExpirationThirdLargestTenantDate>
      <financialsSecuritizationDate>12-31-2024</financialsSecuritizationDate>
      <mostRecentFinancialsStartDate>12-31-2024</mostRecentFinancialsStartDate>
      <mostRecentFinancialsEndDate>12-31-2025</mostRecentFinancialsEndDate>
      <revenueSecuritizationAmount>12479339.27</revenueSecuritizationAmount>
      <mostRecentRevenueAmount>12375020.00</mostRecentRevenueAmount>
      <operatingExpensesSecuritizationAmount>5419629.78</operatingExpensesSecuritizationAmount>
      <operatingExpensesAmount>5326935.91</operatingExpensesAmount>
      <netOperatingIncomeSecuritizationAmount>7059709.50</netOperatingIncomeSecuritizationAmount>
      <mostRecentNetOperatingIncomeAmount>7048084.09</mostRecentNetOperatingIncomeAmount>
      <netCashFlowFlowSecuritizationAmount>6009874.04</netCashFlowFlowSecuritizationAmount>
      <mostRecentNetCashFlowAmount>5998249.09</mostRecentNetCashFlowAmount>
      <netOperatingIncomeNetCashFlowSecuritizationCode>UW</netOperatingIncomeNetCashFlowSecuritizationCode>
      <netOperatingIncomeNetCashFlowCode>CREFC</netOperatingIncomeNetCashFlowCode>
      <mostRecentDebtServiceAmount>1405888.75</mostRecentDebtServiceAmount>
      <debtServiceCoverageNetOperatingIncomeSecuritizationPercentage>5.02</debtServiceCoverageNetOperatingIncomeSecuritizationPercentage>
      <mostRecentDebtServiceCoverageNetOperatingIncomePercentage>5.0132</mostRecentDebtServiceCoverageNetOperatingIncomePercentage>
      <debtServiceCoverageNetCashFlowSecuritizationPercentage>4.27</debtServiceCoverageNetCashFlowSecuritizationPercentage>
      <mostRecentDebtServiceCoverageNetCashFlowpercentage>4.2665</mostRecentDebtServiceCoverageNetCashFlowpercentage>
      <debtServiceCoverageSecuritizationCode>F</debtServiceCoverageSecuritizationCode>
      <mostRecentDebtServiceCoverageCode>F</mostRecentDebtServiceCoverageCode>
      <mostRecentAnnualLeaseRolloverReviewDate>01-01-2026</mostRecentAnnualLeaseRolloverReviewDate>
    </property>
    <assetAddedIndicator>false</assetAddedIndicator>
    <reportPeriodModificationIndicator>false</reportPeriodModificationIndicator>
    <reportPeriodBeginningScheduleLoanBalanceAmount>23250000.00</reportPeriodBeginningScheduleLoanBalanceAmount>
    <totalScheduledPrincipalInterestDueAmount>115552.50</totalScheduledPrincipalInterestDueAmount>
    <reportPeriodInterestRatePercentage>0.05964</reportPeriodInterestRatePercentage>
    <servicerTrusteeFeeRatePercentage>0.0002397</servicerTrusteeFeeRatePercentage>
    <scheduledInterestAmount>115552.50</scheduledInterestAmount>
    <scheduledPrincipalAmount>0.00</scheduledPrincipalAmount>
    <unscheduledPrincipalCollectedAmount>0.00</unscheduledPrincipalCollectedAmount>
    <reportPeriodEndActualBalanceAmount>23250000.00</reportPeriodEndActualBalanceAmount>
    <reportPeriodEndScheduledLoanBalanceAmount>23250000.00</reportPeriodEndScheduledLoanBalanceAmount>
    <paidThroughDate>05-01-2026</paidThroughDate>
    <servicingAdvanceMethodCode>1</servicingAdvanceMethodCode>
    <nonRecoverabilityIndicator>false</nonRecoverabilityIndicator>
    <totalPrincipalInterestAdvancedOutstandingAmount>0</totalPrincipalInterestAdvancedOutstandingAmount>
    <totalTaxesInsuranceAdvancesOutstandingAmount>0</totalTaxesInsuranceAdvancesOutstandingAmount>
    <otherExpensesAdvancedOutstandingAmount>0</otherExpensesAdvancedOutstandingAmount>
    <paymentStatusLoanCode>0</paymentStatusLoanCode>
    <nextInterestRatePercentage>0</nextInterestRatePercentage>
    <primaryServicerName>Trimont LLC</primaryServicerName>
    <assetSubjectDemandIndicator>false</assetSubjectDemandIndicator>
  </assets>
  <assets>
    <assetTypeNumber>Prospectus Loan ID</assetTypeNumber>
    <assetNumber>12</assetNumber>
    <reportingPeriodBeginningDate>04-14-2026</reportingPeriodBeginningDate>
    <reportingPeriodEndDate>05-11-2026</reportingPeriodEndDate>
    <originatorName>MSBNA</originatorName>
    <originationDate>03-13-2025</originationDate>
    <originalLoanAmount>10000000.00</originalLoanAmount>
    <originalTermLoanNumber>60</originalTermLoanNumber>
    <maturityDate>04-01-2030</maturityDate>
    <originalInterestRatePercentage>0.068</originalInterestRatePercentage>
    <interestRateSecuritizationPercentage>0.068</interestRateSecuritizationPercentage>
    <interestAccrualMethodCode>3</interestAccrualMethodCode>
    <originalInterestRateTypeCode>1</originalInterestRateTypeCode>
    <originalInterestOnlyTermNumber>60</originalInterestOnlyTermNumber>
    <firstLoanPaymentDueDate>05-01-2025</firstLoanPaymentDueDate>
    <underwritingIndicator>true</underwritingIndicator>
    <lienPositionSecuritizationCode>1</lienPositionSecuritizationCode>
    <loanStructureCode>PP</loanStructureCode>
    <paymentTypeCode>3</paymentTypeCode>
    <periodicPrincipalAndInterestPaymentSecuritizationAmount>113333.33</periodicPrincipalAndInterestPaymentSecuritizationAmount>
    <scheduledPrincipalBalanceSecuritizationAmount>10000000.00</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>09-30-2029</prepaymentLockOutEndDate>
    <property>
      <propertyName>1401 H</propertyName>
      <propertyAddress>1401 H STREET NORTHWEST</propertyAddress>
      <propertyCity>Washington</propertyCity>
      <propertyState>DC</propertyState>
      <propertyZip>20005</propertyZip>
      <propertyCounty>District of Columbia</propertyCounty>
      <propertyTypeCode>OF</propertyTypeCode>
      <netRentableSquareFeetNumber>357252</netRentableSquareFeetNumber>
      <netRentableSquareFeetSecuritizationNumber>357252</netRentableSquareFeetSecuritizationNumber>
      <yearBuiltNumber>1992</yearBuiltNumber>
      <yearLastRenovated>2021</yearLastRenovated>
      <valuationSecuritizationAmount>134000000.00</valuationSecuritizationAmount>
      <valuationSourceSecuritizationCode>MAI</valuationSourceSecuritizationCode>
      <valuationSecuritizationDate>02-07-2025</valuationSecuritizationDate>
      <physicalOccupancySecuritizationPercentage>0.82</physicalOccupancySecuritizationPercentage>
      <mostRecentPhysicalOccupancyPercentage>0.8</mostRecentPhysicalOccupancyPercentage>
      <propertyStatusCode>6</propertyStatusCode>
      <defeasanceOptionStartDate>08-01-2027</defeasanceOptionStartDate>
      <DefeasedStatusCode>N</DefeasedStatusCode>
      <largestTenant>Investment Company Institute</largestTenant>
      <squareFeetLargestTenantNumber>63794</squareFeetLargestTenantNumber>
      <leaseExpirationLargestTenantDate>12-31-2036</leaseExpirationLargestTenantDate>
      <secondLargestTenant>US Courts</secondLargestTenant>
      <squareFeetSecondLargestTenantNumber>52480</squareFeetSecondLargestTenantNumber>
      <leaseExpirationSecondLargestTenantDate>02-01-2038</leaseExpirationSecondLargestTenantDate>
      <thirdLargestTenant>American Society of Nephrology</thirdLargestTenant>
      <squareFeetThirdLargestTenantNumber>32519</squareFeetThirdLargestTenantNumber>
      <leaseExpirationThirdLargestTenantDate>08-31-2041</leaseExpirationThirdLargestTenantDate>
      <financialsSecuritizationDate>12-31-2024</financialsSecuritizationDate>
      <mostRecentFinancialsStartDate>12-31-2024</mostRecentFinancialsStartDate>
      <mostRecentFinancialsEndDate>12-31-2025</mostRecentFinancialsEndDate>
      <revenueSecuritizationAmount>22090667.22</revenueSecuritizationAmount>
      <mostRecentRevenueAmount>17786132.51</mostRecentRevenueAmount>
      <operatingExpensesSecuritizationAmount>8298401.10</operatingExpensesSecuritizationAmount>
      <operatingExpensesAmount>9183746.12</operatingExpensesAmount>
      <netOperatingIncomeSecuritizationAmount>13792266.12</netOperatingIncomeSecuritizationAmount>
      <mostRecentNetOperatingIncomeAmount>8602386.39</mostRecentNetOperatingIncomeAmount>
      <netCashFlowFlowSecuritizationAmount>12553635.51</netCashFlowFlowSecuritizationAmount>
      <mostRecentNetCashFlowAmount>7363755.78</mostRecentNetCashFlowAmount>
      <netOperatingIncomeNetCashFlowSecuritizationCode>UW</netOperatingIncomeNetCashFlowSecuritizationCode>
      <netOperatingIncomeNetCashFlowCode>CREFC</netOperatingIncomeNetCashFlowCode>
      <mostRecentDebtServiceAmount>6067111.19</mostRecentDebtServiceAmount>
      <debtServiceCoverageNetOperatingIncomeSecuritizationPercentage>2.27</debtServiceCoverageNetOperatingIncomeSecuritizationPercentage>
      <mostRecentDebtServiceCoverageNetOperatingIncomePercentage>1.4178</mostRecentDebtServiceCoverageNetOperatingIncomePercentage>
      <debtServiceCoverageNetCashFlowSecuritizationPercentage>2.07</debtServiceCoverageNetCashFlowSecuritizationPercentage>
      <mostRecentDebtServiceCoverageNetCashFlowpercentage>1.2137</mostRecentDebtServiceCoverageNetCashFlowpercentage>
      <debtServiceCoverageSecuritizationCode>F</debtServiceCoverageSecuritizationCode>
      <mostRecentDebtServiceCoverageCode>F</mostRecentDebtServiceCoverageCode>
      <mostRecentAnnualLeaseRolloverReviewDate>12-31-2025</mostRecentAnnualLeaseRolloverReviewDate>
    </property>
    <assetAddedIndicator>false</assetAddedIndicator>
    <reportPeriodModificationIndicator>false</reportPeriodModificationIndicator>
    <reportPeriodBeginningScheduleLoanBalanceAmount>10000000.00</reportPeriodBeginningScheduleLoanBalanceAmount>
    <totalScheduledPrincipalInterestDueAmount>56666.67</totalScheduledPrincipalInterestDueAmount>
    <reportPeriodInterestRatePercentage>0.068</reportPeriodInterestRatePercentage>
    <servicerTrusteeFeeRatePercentage>0.0002522</servicerTrusteeFeeRatePercentage>
    <scheduledInterestAmount>56666.67</scheduledInterestAmount>
    <scheduledPrincipalAmount>0.00</scheduledPrincipalAmount>
    <unscheduledPrincipalCollectedAmount>0.00</unscheduledPrincipalCollectedAmount>
    <reportPeriodEndActualBalanceAmount>10000000.00</reportPeriodEndActualBalanceAmount>
    <reportPeriodEndScheduledLoanBalanceAmount>10000000.00</reportPeriodEndScheduledLoanBalanceAmount>
    <paidThroughDate>05-01-2026</paidThroughDate>
    <servicingAdvanceMethodCode>1</servicingAdvanceMethodCode>
    <nonRecoverabilityIndicator>false</nonRecoverabilityIndicator>
    <totalPrincipalInterestAdvancedOutstandingAmount>0</totalPrincipalInterestAdvancedOutstandingAmount>
    <totalTaxesInsuranceAdvancesOutstandingAmount>0</totalTaxesInsuranceAdvancesOutstandingAmount>
    <otherExpensesAdvancedOutstandingAmount>0</otherExpensesAdvancedOutstandingAmount>
    <paymentStatusLoanCode>0</paymentStatusLoanCode>
    <nextInterestRatePercentage>0</nextInterestRatePercentage>
    <primaryServicerName>Trimont LLC</primaryServicerName>
    <assetSubjectDemandIndicator>false</assetSubjectDemandIndicator>
  </assets>
  <assets>
    <assetTypeNumber>Prospectus Loan ID</assetTypeNumber>
    <assetNumber>12A</assetNumber>
    <reportingPeriodBeginningDate>04-14-2026</reportingPeriodBeginningDate>
    <reportingPeriodEndDate>05-11-2026</reportingPeriodEndDate>
    <originatorName>MSMCH</originatorName>
    <originationDate>03-13-2025</originationDate>
    <originalLoanAmount>10000000.00</originalLoanAmount>
    <originalTermLoanNumber>60</originalTermLoanNumber>
    <maturityDate>04-01-2030</maturityDate>
    <originalInterestRatePercentage>0.068</originalInterestRatePercentage>
    <interestRateSecuritizationPercentage>0.068</interestRateSecuritizationPercentage>
    <interestAccrualMethodCode>3</interestAccrualMethodCode>
    <originalInterestRateTypeCode>1</originalInterestRateTypeCode>
    <originalInterestOnlyTermNumber>60</originalInterestOnlyTermNumber>
    <firstLoanPaymentDueDate>05-01-2025</firstLoanPaymentDueDate>
    <lienPositionSecuritizationCode>1</lienPositionSecuritizationCode>
    <loanStructureCode>PP</loanStructureCode>
    <paymentTypeCode>3</paymentTypeCode>
    <scheduledPrincipalBalanceSecuritizationAmount>10000000.00</scheduledPrincipalBalanceSecuritizationAmount>
    <paymentFrequencyCode>1</paymentFrequencyCode>
    <graceDaysAllowedNumber>5</graceDaysAllowedNumber>
    <interestOnlyIndicator>true</interestOnlyIndicator>
    <balloonIndicator>true</balloonIndicator>
    <prepaymentPremiumIndicator>false</prepaymentPremiumIndicator>
    <negativeAmortizationIndicator>false</negativeAmortizationIndicator>
    <modifiedIndicator>false</modifiedIndicator>
    <property>
      <propertyName>NA</propertyName>
      <propertyState>NA</propertyState>
      <DefeasedStatusCode>N</DefeasedStatusCode>
    </property>
    <assetAddedIndicator>false</assetAddedIndicator>
    <reportPeriodModificationIndicator>false</reportPeriodModificationIndicator>
    <reportPeriodBeginningScheduleLoanBalanceAmount>10000000.00</reportPeriodBeginningScheduleLoanBalanceAmount>
    <totalScheduledPrincipalInterestDueAmount>56666.67</totalScheduledPrincipalInterestDueAmount>
    <reportPeriodInterestRatePercentage>0.068</reportPeriodInterestRatePercentage>
    <servicerTrusteeFeeRatePercentage>0.0002522</servicerTrusteeFeeRatePercentage>
    <scheduledInterestAmount>56666.67</scheduledInterestAmount>
    <scheduledPrincipalAmount>0.00</scheduledPrincipalAmount>
    <unscheduledPrincipalCollectedAmount>0.00</unscheduledPrincipalCollectedAmount>
    <reportPeriodEndActualBalanceAmount>10000000.00</reportPeriodEndActualBalanceAmount>
    <reportPeriodEndScheduledLoanBalanceAmount>10000000.00</reportPeriodEndScheduledLoanBalanceAmount>
    <paidThroughDate>05-01-2026</paidThroughDate>
    <servicingAdvanceMethodCode>1</servicingAdvanceMethodCode>
    <nonRecoverabilityIndicator>false</nonRecoverabilityIndicator>
    <totalPrincipalInterestAdvancedOutstandingAmount>0</totalPrincipalInterestAdvancedOutstandingAmount>
    <totalTaxesInsuranceAdvancesOutstandingAmount>0</totalTaxesInsuranceAdvancesOutstandingAmount>
    <otherExpensesAdvancedOutstandingAmount>0</otherExpensesAdvancedOutstandingAmount>
    <paymentStatusLoanCode>0</paymentStatusLoanCode>
    <nextInterestRatePercentage>0</nextInterestRatePercentage>
    <assetSubjectDemandIndicator>false</assetSubjectDemandIndicator>
  </assets>
  <assets>
    <assetTypeNumber>Prospectus Loan ID</assetTypeNumber>
    <assetNumber>13</assetNumber>
    <reportingPeriodBeginningDate>04-14-2026</reportingPeriodBeginningDate>
    <reportingPeriodEndDate>05-11-2026</reportingPeriodEndDate>
    <originatorName>MSBNA</originatorName>
    <originationDate>05-27-2025</originationDate>
    <originalLoanAmount>18000000.00</originalLoanAmount>
    <originalTermLoanNumber>60</originalTermLoanNumber>
    <maturityDate>06-01-2030</maturityDate>
    <originalInterestRatePercentage>0.069</originalInterestRatePercentage>
    <interestRateSecuritizationPercentage>0.069</interestRateSecuritizationPercentage>
    <interestAccrualMethodCode>3</interestAccrualMethodCode>
    <originalInterestRateTypeCode>1</originalInterestRateTypeCode>
    <originalInterestOnlyTermNumber>60</originalInterestOnlyTermNumber>
    <firstLoanPaymentDueDate>07-01-2025</firstLoanPaymentDueDate>
    <underwritingIndicator>true</underwritingIndicator>
    <lienPositionSecuritizationCode>1</lienPositionSecuritizationCode>
    <loanStructureCode>WL</loanStructureCode>
    <paymentTypeCode>3</paymentTypeCode>
    <periodicPrincipalAndInterestPaymentSecuritizationAmount>103500.00</periodicPrincipalAndInterestPaymentSecuritizationAmount>
    <scheduledPrincipalBalanceSecuritizationAmount>18000000.00</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>11-30-2029</prepaymentLockOutEndDate>
    <property>
      <propertyName>55 MIRACLE MILE</propertyName>
      <propertyAddress>55 MIRACLE MILE</propertyAddress>
      <propertyCity>Coral Gables</propertyCity>
      <propertyState>FL</propertyState>
      <propertyZip>33134</propertyZip>
      <propertyCounty>Miami-Dade</propertyCounty>
      <propertyTypeCode>MU</propertyTypeCode>
      <netRentableSquareFeetNumber>65110</netRentableSquareFeetNumber>
      <netRentableSquareFeetSecuritizationNumber>65110</netRentableSquareFeetSecuritizationNumber>
      <yearBuiltNumber>2004</yearBuiltNumber>
      <valuationSecuritizationAmount>31500000.00</valuationSecuritizationAmount>
      <valuationSourceSecuritizationCode>MAI</valuationSourceSecuritizationCode>
      <valuationSecuritizationDate>03-21-2025</valuationSecuritizationDate>
      <physicalOccupancySecuritizationPercentage>0.81</physicalOccupancySecuritizationPercentage>
      <mostRecentPhysicalOccupancyPercentage>1</mostRecentPhysicalOccupancyPercentage>
      <propertyStatusCode>6</propertyStatusCode>
      <defeasanceOptionStartDate>08-01-2027</defeasanceOptionStartDate>
      <DefeasedStatusCode>N</DefeasedStatusCode>
      <largestTenant>Clairmount LLC</largestTenant>
      <squareFeetLargestTenantNumber>9952</squareFeetLargestTenantNumber>
      <leaseExpirationLargestTenantDate>11-10-2030</leaseExpirationLargestTenantDate>
      <secondLargestTenant>All Inclusive Collection  LLC</secondLargestTenant>
      <squareFeetSecondLargestTenantNumber>8085</squareFeetSecondLargestTenantNumber>
      <leaseExpirationSecondLargestTenantDate>01-01-2030</leaseExpirationSecondLargestTenantDate>
      <thirdLargestTenant>Mille Hospitality  LLC</thirdLargestTenant>
      <squareFeetThirdLargestTenantNumber>7609</squareFeetThirdLargestTenantNumber>
      <leaseExpirationThirdLargestTenantDate>06-30-2033</leaseExpirationThirdLargestTenantDate>
      <financialsSecuritizationDate>12-31-2024</financialsSecuritizationDate>
      <mostRecentFinancialsStartDate>01-01-2026</mostRecentFinancialsStartDate>
      <mostRecentFinancialsEndDate>03-31-2026</mostRecentFinancialsEndDate>
      <revenueSecuritizationAmount>3660095.32</revenueSecuritizationAmount>
      <mostRecentRevenueAmount>1021031.00</mostRecentRevenueAmount>
      <operatingExpensesSecuritizationAmount>1590596.98</operatingExpensesSecuritizationAmount>
      <operatingExpensesAmount>408506.18</operatingExpensesAmount>
      <netOperatingIncomeSecuritizationAmount>2069498.34</netOperatingIncomeSecuritizationAmount>
      <mostRecentNetOperatingIncomeAmount>612524.82</mostRecentNetOperatingIncomeAmount>
      <netCashFlowFlowSecuritizationAmount>1869580.98</netCashFlowFlowSecuritizationAmount>
      <mostRecentNetCashFlowAmount>562545.32</mostRecentNetCashFlowAmount>
      <netOperatingIncomeNetCashFlowSecuritizationCode>UW</netOperatingIncomeNetCashFlowSecuritizationCode>
      <netOperatingIncomeNetCashFlowCode>CREFC</netOperatingIncomeNetCashFlowCode>
      <mostRecentDebtServiceAmount>310500.00</mostRecentDebtServiceAmount>
      <debtServiceCoverageNetOperatingIncomeSecuritizationPercentage>1.64</debtServiceCoverageNetOperatingIncomeSecuritizationPercentage>
      <mostRecentDebtServiceCoverageNetOperatingIncomePercentage>1.9727</mostRecentDebtServiceCoverageNetOperatingIncomePercentage>
      <debtServiceCoverageNetCashFlowSecuritizationPercentage>1.48</debtServiceCoverageNetCashFlowSecuritizationPercentage>
      <mostRecentDebtServiceCoverageNetCashFlowpercentage>1.8117</mostRecentDebtServiceCoverageNetCashFlowpercentage>
      <debtServiceCoverageSecuritizationCode>F</debtServiceCoverageSecuritizationCode>
      <mostRecentDebtServiceCoverageCode>F</mostRecentDebtServiceCoverageCode>
      <mostRecentAnnualLeaseRolloverReviewDate>04-01-2026</mostRecentAnnualLeaseRolloverReviewDate>
    </property>
    <assetAddedIndicator>false</assetAddedIndicator>
    <reportPeriodModificationIndicator>false</reportPeriodModificationIndicator>
    <reportPeriodBeginningScheduleLoanBalanceAmount>18000000.00</reportPeriodBeginningScheduleLoanBalanceAmount>
    <totalScheduledPrincipalInterestDueAmount>103500.00</totalScheduledPrincipalInterestDueAmount>
    <reportPeriodInterestRatePercentage>0.069</reportPeriodInterestRatePercentage>
    <servicerTrusteeFeeRatePercentage>0.0002522</servicerTrusteeFeeRatePercentage>
    <scheduledInterestAmount>103500.00</scheduledInterestAmount>
    <scheduledPrincipalAmount>0.00</scheduledPrincipalAmount>
    <unscheduledPrincipalCollectedAmount>0.00</unscheduledPrincipalCollectedAmount>
    <reportPeriodEndActualBalanceAmount>18000000.00</reportPeriodEndActualBalanceAmount>
    <reportPeriodEndScheduledLoanBalanceAmount>18000000.00</reportPeriodEndScheduledLoanBalanceAmount>
    <paidThroughDate>05-01-2026</paidThroughDate>
    <servicingAdvanceMethodCode>1</servicingAdvanceMethodCode>
    <nonRecoverabilityIndicator>false</nonRecoverabilityIndicator>
    <totalPrincipalInterestAdvancedOutstandingAmount>0</totalPrincipalInterestAdvancedOutstandingAmount>
    <totalTaxesInsuranceAdvancesOutstandingAmount>0</totalTaxesInsuranceAdvancesOutstandingAmount>
    <otherExpensesAdvancedOutstandingAmount>0</otherExpensesAdvancedOutstandingAmount>
    <paymentStatusLoanCode>0</paymentStatusLoanCode>
    <nextInterestRatePercentage>0</nextInterestRatePercentage>
    <primaryServicerName>Trimont LLC</primaryServicerName>
    <assetSubjectDemandIndicator>false</assetSubjectDemandIndicator>
  </assets>
  <assets>
    <assetTypeNumber>Prospectus Loan ID</assetTypeNumber>
    <assetNumber>14</assetNumber>
    <reportingPeriodBeginningDate>04-14-2026</reportingPeriodBeginningDate>
    <reportingPeriodEndDate>05-11-2026</reportingPeriodEndDate>
    <originatorName>MSBNA</originatorName>
    <originationDate>04-07-2025</originationDate>
    <originalLoanAmount>18000000.00</originalLoanAmount>
    <originalTermLoanNumber>60</originalTermLoanNumber>
    <maturityDate>05-01-2030</maturityDate>
    <originalInterestRatePercentage>0.0632</originalInterestRatePercentage>
    <interestRateSecuritizationPercentage>0.0632</interestRateSecuritizationPercentage>
    <interestAccrualMethodCode>3</interestAccrualMethodCode>
    <originalInterestRateTypeCode>1</originalInterestRateTypeCode>
    <originalInterestOnlyTermNumber>60</originalInterestOnlyTermNumber>
    <firstLoanPaymentDueDate>06-01-2025</firstLoanPaymentDueDate>
    <underwritingIndicator>true</underwritingIndicator>
    <lienPositionSecuritizationCode>1</lienPositionSecuritizationCode>
    <loanStructureCode>WL</loanStructureCode>
    <paymentTypeCode>3</paymentTypeCode>
    <periodicPrincipalAndInterestPaymentSecuritizationAmount>94800.00</periodicPrincipalAndInterestPaymentSecuritizationAmount>
    <scheduledPrincipalBalanceSecuritizationAmount>18000000.00</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>12-31-2029</prepaymentLockOutEndDate>
    <property>
      <propertyName>CAMPBELL GROVE</propertyName>
      <propertyAddress>1515 CAMPBELL ROAD</propertyAddress>
      <propertyCity>Houston</propertyCity>
      <propertyState>TX</propertyState>
      <propertyZip>77055</propertyZip>
      <propertyCounty>Harris</propertyCounty>
      <propertyTypeCode>MF</propertyTypeCode>
      <unitsBedsRoomsNumber>186</unitsBedsRoomsNumber>
      <unitsBedsRoomsSecuritizationNumber>186</unitsBedsRoomsSecuritizationNumber>
      <yearBuiltNumber>1960</yearBuiltNumber>
      <yearLastRenovated>2022</yearLastRenovated>
      <valuationSecuritizationAmount>26300000.00</valuationSecuritizationAmount>
      <valuationSourceSecuritizationCode>MAI</valuationSourceSecuritizationCode>
      <valuationSecuritizationDate>01-07-2025</valuationSecuritizationDate>
      <physicalOccupancySecuritizationPercentage>0.9</physicalOccupancySecuritizationPercentage>
      <mostRecentPhysicalOccupancyPercentage>0.89</mostRecentPhysicalOccupancyPercentage>
      <propertyStatusCode>6</propertyStatusCode>
      <defeasanceOptionStartDate>08-01-2027</defeasanceOptionStartDate>
      <DefeasedStatusCode>N</DefeasedStatusCode>
      <financialsSecuritizationDate>01-31-2025</financialsSecuritizationDate>
      <mostRecentFinancialsStartDate>01-01-2026</mostRecentFinancialsStartDate>
      <mostRecentFinancialsEndDate>03-31-2026</mostRecentFinancialsEndDate>
      <revenueSecuritizationAmount>3170147.99</revenueSecuritizationAmount>
      <mostRecentRevenueAmount>667813.00</mostRecentRevenueAmount>
      <operatingExpensesSecuritizationAmount>1536310.49</operatingExpensesSecuritizationAmount>
      <operatingExpensesAmount>343366.06</operatingExpensesAmount>
      <netOperatingIncomeSecuritizationAmount>1633837.50</netOperatingIncomeSecuritizationAmount>
      <mostRecentNetOperatingIncomeAmount>324446.94</mostRecentNetOperatingIncomeAmount>
      <netCashFlowFlowSecuritizationAmount>1587337.50</netCashFlowFlowSecuritizationAmount>
      <mostRecentNetCashFlowAmount>312821.94</mostRecentNetCashFlowAmount>
      <netOperatingIncomeNetCashFlowSecuritizationCode>UW</netOperatingIncomeNetCashFlowSecuritizationCode>
      <netOperatingIncomeNetCashFlowCode>CREFC</netOperatingIncomeNetCashFlowCode>
      <mostRecentDebtServiceAmount>284400.00</mostRecentDebtServiceAmount>
      <debtServiceCoverageNetOperatingIncomeSecuritizationPercentage>1.42</debtServiceCoverageNetOperatingIncomeSecuritizationPercentage>
      <mostRecentDebtServiceCoverageNetOperatingIncomePercentage>1.1408</mostRecentDebtServiceCoverageNetOperatingIncomePercentage>
      <debtServiceCoverageNetCashFlowSecuritizationPercentage>1.38</debtServiceCoverageNetCashFlowSecuritizationPercentage>
      <mostRecentDebtServiceCoverageNetCashFlowpercentage>1.0999</mostRecentDebtServiceCoverageNetCashFlowpercentage>
      <debtServiceCoverageSecuritizationCode>F</debtServiceCoverageSecuritizationCode>
      <mostRecentDebtServiceCoverageCode>F</mostRecentDebtServiceCoverageCode>
    </property>
    <assetAddedIndicator>false</assetAddedIndicator>
    <reportPeriodModificationIndicator>false</reportPeriodModificationIndicator>
    <reportPeriodBeginningScheduleLoanBalanceAmount>18000000.00</reportPeriodBeginningScheduleLoanBalanceAmount>
    <totalScheduledPrincipalInterestDueAmount>94800.00</totalScheduledPrincipalInterestDueAmount>
    <reportPeriodInterestRatePercentage>0.0632</reportPeriodInterestRatePercentage>
    <servicerTrusteeFeeRatePercentage>0.0005272</servicerTrusteeFeeRatePercentage>
    <scheduledInterestAmount>94800.00</scheduledInterestAmount>
    <scheduledPrincipalAmount>0.00</scheduledPrincipalAmount>
    <unscheduledPrincipalCollectedAmount>0.00</unscheduledPrincipalCollectedAmount>
    <reportPeriodEndActualBalanceAmount>18000000.00</reportPeriodEndActualBalanceAmount>
    <reportPeriodEndScheduledLoanBalanceAmount>18000000.00</reportPeriodEndScheduledLoanBalanceAmount>
    <paidThroughDate>05-01-2026</paidThroughDate>
    <servicingAdvanceMethodCode>1</servicingAdvanceMethodCode>
    <nonRecoverabilityIndicator>false</nonRecoverabilityIndicator>
    <totalPrincipalInterestAdvancedOutstandingAmount>0</totalPrincipalInterestAdvancedOutstandingAmount>
    <totalTaxesInsuranceAdvancesOutstandingAmount>0</totalTaxesInsuranceAdvancesOutstandingAmount>
    <otherExpensesAdvancedOutstandingAmount>0</otherExpensesAdvancedOutstandingAmount>
    <paymentStatusLoanCode>0</paymentStatusLoanCode>
    <nextInterestRatePercentage>0</nextInterestRatePercentage>
    <primaryServicerName>Trimont LLC</primaryServicerName>
    <assetSubjectDemandIndicator>false</assetSubjectDemandIndicator>
  </assets>
  <assets>
    <assetTypeNumber>Prospectus Loan ID</assetTypeNumber>
    <assetNumber>15</assetNumber>
    <reportingPeriodBeginningDate>04-14-2026</reportingPeriodBeginningDate>
    <reportingPeriodEndDate>05-11-2026</reportingPeriodEndDate>
    <originatorName>WFB</originatorName>
    <originationDate>05-12-2025</originationDate>
    <originalLoanAmount>14000000.00</originalLoanAmount>
    <originalTermLoanNumber>60</originalTermLoanNumber>
    <maturityDate>06-11-2030</maturityDate>
    <originalInterestRatePercentage>0.06409</originalInterestRatePercentage>
    <interestRateSecuritizationPercentage>0.06409</interestRateSecuritizationPercentage>
    <interestAccrualMethodCode>3</interestAccrualMethodCode>
    <originalInterestRateTypeCode>1</originalInterestRateTypeCode>
    <originalInterestOnlyTermNumber>60</originalInterestOnlyTermNumber>
    <firstLoanPaymentDueDate>07-11-2025</firstLoanPaymentDueDate>
    <underwritingIndicator>true</underwritingIndicator>
    <lienPositionSecuritizationCode>1</lienPositionSecuritizationCode>
    <loanStructureCode>WL</loanStructureCode>
    <paymentTypeCode>3</paymentTypeCode>
    <periodicPrincipalAndInterestPaymentSecuritizationAmount>74771.67</periodicPrincipalAndInterestPaymentSecuritizationAmount>
    <scheduledPrincipalBalanceSecuritizationAmount>14000000.00</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>03-10-2030</prepaymentLockOutEndDate>
    <property>
      <propertyName>DUNWOODY PLACE</propertyName>
      <propertyAddress>8725 ROSWELL ROAD</propertyAddress>
      <propertyCity>Sandy Springs</propertyCity>
      <propertyState>GA</propertyState>
      <propertyZip>30350</propertyZip>
      <propertyCounty>Fulton</propertyCounty>
      <propertyTypeCode>RT</propertyTypeCode>
      <netRentableSquareFeetNumber>102367</netRentableSquareFeetNumber>
      <netRentableSquareFeetSecuritizationNumber>102367</netRentableSquareFeetSecuritizationNumber>
      <yearBuiltNumber>1994</yearBuiltNumber>
      <valuationSecuritizationAmount>28300000.00</valuationSecuritizationAmount>
      <valuationSourceSecuritizationCode>MAI</valuationSourceSecuritizationCode>
      <valuationSecuritizationDate>03-19-2025</valuationSecuritizationDate>
      <physicalOccupancySecuritizationPercentage>0.98</physicalOccupancySecuritizationPercentage>
      <mostRecentPhysicalOccupancyPercentage>0.98</mostRecentPhysicalOccupancyPercentage>
      <propertyStatusCode>6</propertyStatusCode>
      <defeasanceOptionStartDate>08-11-2027</defeasanceOptionStartDate>
      <DefeasedStatusCode>N</DefeasedStatusCode>
      <largestTenant>Publix Supermarkets</largestTenant>
      <squareFeetLargestTenantNumber>56077</squareFeetLargestTenantNumber>
      <leaseExpirationLargestTenantDate>04-30-2030</leaseExpirationLargestTenantDate>
      <secondLargestTenant>Star Creation</secondLargestTenant>
      <squareFeetSecondLargestTenantNumber>12320</squareFeetSecondLargestTenantNumber>
      <leaseExpirationSecondLargestTenantDate>02-29-2032</leaseExpirationSecondLargestTenantDate>
      <thirdLargestTenant>East Cobb Amusements LLC</thirdLargestTenant>
      <squareFeetThirdLargestTenantNumber>4200</squareFeetThirdLargestTenantNumber>
      <leaseExpirationThirdLargestTenantDate>04-30-2034</leaseExpirationThirdLargestTenantDate>
      <financialsSecuritizationDate>03-31-2025</financialsSecuritizationDate>
      <mostRecentFinancialsStartDate>12-31-2024</mostRecentFinancialsStartDate>
      <mostRecentFinancialsEndDate>12-31-2025</mostRecentFinancialsEndDate>
      <revenueSecuritizationAmount>2255835.02</revenueSecuritizationAmount>
      <mostRecentRevenueAmount>2340621.00</mostRecentRevenueAmount>
      <operatingExpensesSecuritizationAmount>626201.89</operatingExpensesSecuritizationAmount>
      <operatingExpensesAmount>694200.63</operatingExpensesAmount>
      <netOperatingIncomeSecuritizationAmount>1629633.13</netOperatingIncomeSecuritizationAmount>
      <mostRecentNetOperatingIncomeAmount>1646420.37</mostRecentNetOperatingIncomeAmount>
      <netCashFlowFlowSecuritizationAmount>1523171.45</netCashFlowFlowSecuritizationAmount>
      <mostRecentNetCashFlowAmount>1539958.37</mostRecentNetCashFlowAmount>
      <netOperatingIncomeNetCashFlowSecuritizationCode>UW</netOperatingIncomeNetCashFlowSecuritizationCode>
      <netOperatingIncomeNetCashFlowCode>CREFC</netOperatingIncomeNetCashFlowCode>
      <mostRecentDebtServiceAmount>909721.99</mostRecentDebtServiceAmount>
      <debtServiceCoverageNetOperatingIncomeSecuritizationPercentage>1.79</debtServiceCoverageNetOperatingIncomeSecuritizationPercentage>
      <mostRecentDebtServiceCoverageNetOperatingIncomePercentage>1.8098</mostRecentDebtServiceCoverageNetOperatingIncomePercentage>
      <debtServiceCoverageNetCashFlowSecuritizationPercentage>1.67</debtServiceCoverageNetCashFlowSecuritizationPercentage>
      <mostRecentDebtServiceCoverageNetCashFlowpercentage>1.6927</mostRecentDebtServiceCoverageNetCashFlowpercentage>
      <debtServiceCoverageSecuritizationCode>F</debtServiceCoverageSecuritizationCode>
      <mostRecentDebtServiceCoverageCode>F</mostRecentDebtServiceCoverageCode>
      <mostRecentAnnualLeaseRolloverReviewDate>03-24-2026</mostRecentAnnualLeaseRolloverReviewDate>
    </property>
    <assetAddedIndicator>false</assetAddedIndicator>
    <reportPeriodModificationIndicator>false</reportPeriodModificationIndicator>
    <reportPeriodBeginningScheduleLoanBalanceAmount>14000000.00</reportPeriodBeginningScheduleLoanBalanceAmount>
    <totalScheduledPrincipalInterestDueAmount>74771.67</totalScheduledPrincipalInterestDueAmount>
    <reportPeriodInterestRatePercentage>0.06409</reportPeriodInterestRatePercentage>
    <servicerTrusteeFeeRatePercentage>0.0002522</servicerTrusteeFeeRatePercentage>
    <scheduledInterestAmount>74771.67</scheduledInterestAmount>
    <scheduledPrincipalAmount>0.00</scheduledPrincipalAmount>
    <unscheduledPrincipalCollectedAmount>0.00</unscheduledPrincipalCollectedAmount>
    <reportPeriodEndActualBalanceAmount>14000000.00</reportPeriodEndActualBalanceAmount>
    <reportPeriodEndScheduledLoanBalanceAmount>14000000.00</reportPeriodEndScheduledLoanBalanceAmount>
    <paidThroughDate>05-11-2026</paidThroughDate>
    <servicingAdvanceMethodCode>1</servicingAdvanceMethodCode>
    <nonRecoverabilityIndicator>false</nonRecoverabilityIndicator>
    <totalPrincipalInterestAdvancedOutstandingAmount>0</totalPrincipalInterestAdvancedOutstandingAmount>
    <totalTaxesInsuranceAdvancesOutstandingAmount>0</totalTaxesInsuranceAdvancesOutstandingAmount>
    <otherExpensesAdvancedOutstandingAmount>0</otherExpensesAdvancedOutstandingAmount>
    <paymentStatusLoanCode>0</paymentStatusLoanCode>
    <nextInterestRatePercentage>0</nextInterestRatePercentage>
    <primaryServicerName>Trimont LLC</primaryServicerName>
    <assetSubjectDemandIndicator>false</assetSubjectDemandIndicator>
  </assets>
  <assets>
    <assetTypeNumber>Prospectus Loan ID</assetTypeNumber>
    <assetNumber>16</assetNumber>
    <reportingPeriodBeginningDate>04-14-2026</reportingPeriodBeginningDate>
    <reportingPeriodEndDate>05-11-2026</reportingPeriodEndDate>
    <originatorName>WFB/MSMCH</originatorName>
    <originationDate>06-18-2025</originationDate>
    <originalLoanAmount>4000000.00</originalLoanAmount>
    <originalTermLoanNumber>60</originalTermLoanNumber>
    <maturityDate>07-11-2030</maturityDate>
    <originalInterestRatePercentage>0.0543886</originalInterestRatePercentage>
    <interestRateSecuritizationPercentage>0.0543886</interestRateSecuritizationPercentage>
    <interestAccrualMethodCode>3</interestAccrualMethodCode>
    <originalInterestRateTypeCode>1</originalInterestRateTypeCode>
    <originalInterestOnlyTermNumber>60</originalInterestOnlyTermNumber>
    <firstLoanPaymentDueDate>08-11-2025</firstLoanPaymentDueDate>
    <underwritingIndicator>true</underwritingIndicator>
    <lienPositionSecuritizationCode>1</lienPositionSecuritizationCode>
    <loanStructureCode>A1</loanStructureCode>
    <paymentTypeCode>3</paymentTypeCode>
    <periodicPrincipalAndInterestPaymentSecuritizationAmount>0.00</periodicPrincipalAndInterestPaymentSecuritizationAmount>
    <scheduledPrincipalBalanceSecuritizationAmount>4000000.00</scheduledPrincipalBalanceSecuritizationAmount>
    <paymentFrequencyCode>1</paymentFrequencyCode>
    <NumberPropertiesSecuritization>15</NumberPropertiesSecuritization>
    <NumberProperties>15</NumberProperties>
    <graceDaysAllowedNumber>5</graceDaysAllowedNumber>
    <interestOnlyIndicator>true</interestOnlyIndicator>
    <balloonIndicator>true</balloonIndicator>
    <prepaymentPremiumIndicator>true</prepaymentPremiumIndicator>
    <negativeAmortizationIndicator>false</negativeAmortizationIndicator>
    <modifiedIndicator>false</modifiedIndicator>
    <prepaymentLockOutEndDate>08-10-2027</prepaymentLockOutEndDate>
    <yieldMaintenanceEndDate>01-10-2030</yieldMaintenanceEndDate>
    <prepaymentPremiumsEndDate>01-10-2030</prepaymentPremiumsEndDate>
    <property>
      <propertyName>The Wharf</propertyName>
      <propertyCity>Washington</propertyCity>
      <propertyState>DC</propertyState>
      <propertyCounty>District of Columbia</propertyCounty>
      <netRentableSquareFeetSecuritizationNumber>2241794</netRentableSquareFeetSecuritizationNumber>
      <valuationSecuritizationAmount>1730000000.00</valuationSecuritizationAmount>
      <physicalOccupancySecuritizationPercentage>0.93</physicalOccupancySecuritizationPercentage>
      <defeasanceOptionStartDate>08-11-2027</defeasanceOptionStartDate>
      <DefeasedStatusCode>N</DefeasedStatusCode>
      <financialsSecuritizationDate>03-31-2025</financialsSecuritizationDate>
      <revenueSecuritizationAmount>202966634.64</revenueSecuritizationAmount>
      <operatingExpensesSecuritizationAmount>94863740.88</operatingExpensesSecuritizationAmount>
      <netOperatingIncomeSecuritizationAmount>108102893.74</netOperatingIncomeSecuritizationAmount>
      <netCashFlowFlowSecuritizationAmount>103696220.36</netCashFlowFlowSecuritizationAmount>
      <netOperatingIncomeNetCashFlowSecuritizationCode>UW</netOperatingIncomeNetCashFlowSecuritizationCode>
      <debtServiceCoverageNetOperatingIncomeSecuritizationPercentage>2.73</debtServiceCoverageNetOperatingIncomeSecuritizationPercentage>
      <debtServiceCoverageNetCashFlowSecuritizationPercentage>2.62</debtServiceCoverageNetCashFlowSecuritizationPercentage>
      <debtServiceCoverageSecuritizationCode>F</debtServiceCoverageSecuritizationCode>
    </property>
    <assetAddedIndicator>false</assetAddedIndicator>
    <reportPeriodModificationIndicator>false</reportPeriodModificationIndicator>
    <reportPeriodBeginningScheduleLoanBalanceAmount>4000000.00</reportPeriodBeginningScheduleLoanBalanceAmount>
    <totalScheduledPrincipalInterestDueAmount>18129.54</totalScheduledPrincipalInterestDueAmount>
    <reportPeriodInterestRatePercentage>0.05438861</reportPeriodInterestRatePercentage>
    <servicerTrusteeFeeRatePercentage>0.0002282</servicerTrusteeFeeRatePercentage>
    <scheduledInterestAmount>18129.54</scheduledInterestAmount>
    <scheduledPrincipalAmount>0.00</scheduledPrincipalAmount>
    <unscheduledPrincipalCollectedAmount>0.00</unscheduledPrincipalCollectedAmount>
    <reportPeriodEndActualBalanceAmount>4000000.00</reportPeriodEndActualBalanceAmount>
    <reportPeriodEndScheduledLoanBalanceAmount>4000000.00</reportPeriodEndScheduledLoanBalanceAmount>
    <paidThroughDate>05-11-2026</paidThroughDate>
    <servicingAdvanceMethodCode>1</servicingAdvanceMethodCode>
    <nonRecoverabilityIndicator>false</nonRecoverabilityIndicator>
    <totalPrincipalInterestAdvancedOutstandingAmount>0</totalPrincipalInterestAdvancedOutstandingAmount>
    <totalTaxesInsuranceAdvancesOutstandingAmount>0</totalTaxesInsuranceAdvancesOutstandingAmount>
    <otherExpensesAdvancedOutstandingAmount>0</otherExpensesAdvancedOutstandingAmount>
    <paymentStatusLoanCode>0</paymentStatusLoanCode>
    <nextInterestRatePercentage>0</nextInterestRatePercentage>
    <primaryServicerName>Midland Loan Services</primaryServicerName>
    <assetSubjectDemandIndicator>false</assetSubjectDemandIndicator>
  </assets>
  <assets>
    <assetTypeNumber>Prospectus Loan ID</assetTypeNumber>
    <assetNumber>16-001</assetNumber>
    <reportingPeriodBeginningDate>04-14-2026</reportingPeriodBeginningDate>
    <reportingPeriodEndDate>05-11-2026</reportingPeriodEndDate>
    <property>
      <propertyName>670-680 MAINE</propertyName>
      <propertyAddress>670-680 MAINE AVENUE SOUTHWEST</propertyAddress>
      <propertyCity>Washington</propertyCity>
      <propertyState>DC</propertyState>
      <propertyZip>20024</propertyZip>
      <propertyCounty>District of Columbia</propertyCounty>
      <propertyTypeCode>RT</propertyTypeCode>
      <netRentableSquareFeetNumber>91136</netRentableSquareFeetNumber>
      <netRentableSquareFeetSecuritizationNumber>500981</netRentableSquareFeetSecuritizationNumber>
      <yearBuiltNumber>2022</yearBuiltNumber>
      <valuationSecuritizationAmount>396000000.00</valuationSecuritizationAmount>
      <valuationSourceSecuritizationCode>MAI</valuationSourceSecuritizationCode>
      <valuationSecuritizationDate>02-27-2025</valuationSecuritizationDate>
      <physicalOccupancySecuritizationPercentage>0.92</physicalOccupancySecuritizationPercentage>
      <mostRecentPhysicalOccupancyPercentage>0</mostRecentPhysicalOccupancyPercentage>
      <propertyStatusCode>6</propertyStatusCode>
      <largestTenant>WILLIAMS &amp; CONNOLLY LLP</largestTenant>
      <squareFeetLargestTenantNumber>313485</squareFeetLargestTenantNumber>
      <leaseExpirationLargestTenantDate>10-31-2038</leaseExpirationLargestTenantDate>
      <secondLargestTenant>PHRMA</secondLargestTenant>
      <squareFeetSecondLargestTenantNumber>76470</squareFeetSecondLargestTenantNumber>
      <leaseExpirationSecondLargestTenantDate>07-31-2041</leaseExpirationSecondLargestTenantDate>
      <thirdLargestTenant>KELLEY DRYE &amp; WARREN LLP</thirdLargestTenant>
      <squareFeetThirdLargestTenantNumber>65308</squareFeetThirdLargestTenantNumber>
      <leaseExpirationThirdLargestTenantDate>08-31-2042</leaseExpirationThirdLargestTenantDate>
      <financialsSecuritizationDate>03-31-2025</financialsSecuritizationDate>
      <revenueSecuritizationAmount>44590549.47</revenueSecuritizationAmount>
      <operatingExpensesSecuritizationAmount>15917619.49</operatingExpensesSecuritizationAmount>
      <netOperatingIncomeSecuritizationAmount>28672929.98</netOperatingIncomeSecuritizationAmount>
      <netCashFlowFlowSecuritizationAmount>27570771.78</netCashFlowFlowSecuritizationAmount>
      <netOperatingIncomeNetCashFlowSecuritizationCode>UW</netOperatingIncomeNetCashFlowSecuritizationCode>
      <netOperatingIncomeNetCashFlowCode>CREFC</netOperatingIncomeNetCashFlowCode>
      <mostRecentAnnualLeaseRolloverReviewDate>02-01-2025</mostRecentAnnualLeaseRolloverReviewDate>
    </property>
    <assetAddedIndicator>false</assetAddedIndicator>
  </assets>
  <assets>
    <assetTypeNumber>Prospectus Loan ID</assetTypeNumber>
    <assetNumber>16-002</assetNumber>
    <reportingPeriodBeginningDate>04-14-2026</reportingPeriodBeginningDate>
    <reportingPeriodEndDate>05-11-2026</reportingPeriodEndDate>
    <property>
      <propertyName>1000 MAINE</propertyName>
      <propertyAddress>1000 MAINE AVENUE SOUTHWEST</propertyAddress>
      <propertyCity>Washington</propertyCity>
      <propertyState>DC</propertyState>
      <propertyZip>20024</propertyZip>
      <propertyCounty>District of Columbia</propertyCounty>
      <propertyTypeCode>98</propertyTypeCode>
      <netRentableSquareFeetNumber>683</netRentableSquareFeetNumber>
      <netRentableSquareFeetSecuritizationNumber>249251</netRentableSquareFeetSecuritizationNumber>
      <yearBuiltNumber>2018</yearBuiltNumber>
      <valuationSecuritizationAmount>197000000.00</valuationSecuritizationAmount>
      <valuationSourceSecuritizationCode>MAI</valuationSourceSecuritizationCode>
      <valuationSecuritizationDate>02-27-2025</valuationSecuritizationDate>
      <mostRecentValuationAmount>115400000.00</mostRecentValuationAmount>
      <mostRecentValuationDate>03-04-2025</mostRecentValuationDate>
      <mostRecentValuationSourceCode>MAI</mostRecentValuationSourceCode>
      <physicalOccupancySecuritizationPercentage>0.95</physicalOccupancySecuritizationPercentage>
      <mostRecentPhysicalOccupancyPercentage>0</mostRecentPhysicalOccupancyPercentage>
      <propertyStatusCode>6</propertyStatusCode>
      <largestTenant>WASHINGTON GAS LIGHT COMPANY</largestTenant>
      <squareFeetLargestTenantNumber>70056</squareFeetLargestTenantNumber>
      <leaseExpirationLargestTenantDate>10-31-2034</leaseExpirationLargestTenantDate>
      <secondLargestTenant>FISH &amp; RICHARDSON, P.C.</secondLargestTenant>
      <squareFeetSecondLargestTenantNumber>49801</squareFeetSecondLargestTenantNumber>
      <leaseExpirationSecondLargestTenantDate>04-30-2034</leaseExpirationSecondLargestTenantDate>
      <thirdLargestTenant>BUSINESS ROUND TABLE</thirdLargestTenant>
      <squareFeetThirdLargestTenantNumber>44724</squareFeetThirdLargestTenantNumber>
      <leaseExpirationThirdLargestTenantDate>07-31-2039</leaseExpirationThirdLargestTenantDate>
      <financialsSecuritizationDate>03-31-2025</financialsSecuritizationDate>
      <revenueSecuritizationAmount>23904488.43</revenueSecuritizationAmount>
      <operatingExpensesSecuritizationAmount>9389035.88</operatingExpensesSecuritizationAmount>
      <netOperatingIncomeSecuritizationAmount>14515452.55</netOperatingIncomeSecuritizationAmount>
      <netCashFlowFlowSecuritizationAmount>13967100.35</netCashFlowFlowSecuritizationAmount>
      <netOperatingIncomeNetCashFlowSecuritizationCode>UW</netOperatingIncomeNetCashFlowSecuritizationCode>
      <netOperatingIncomeNetCashFlowCode>CREFC</netOperatingIncomeNetCashFlowCode>
      <mostRecentAnnualLeaseRolloverReviewDate>02-01-2025</mostRecentAnnualLeaseRolloverReviewDate>
    </property>
    <assetAddedIndicator>false</assetAddedIndicator>
  </assets>
  <assets>
    <assetTypeNumber>Prospectus Loan ID</assetTypeNumber>
    <assetNumber>16-003</assetNumber>
    <reportingPeriodBeginningDate>04-14-2026</reportingPeriodBeginningDate>
    <reportingPeriodEndDate>05-11-2026</reportingPeriodEndDate>
    <property>
      <propertyName>PHASE I RETAIL</propertyName>
      <propertyAddress>1100-1150 MAINE AVENUE SOUTHWEST, 1000 MAINE AVENUE SOUTHWEST, 5 MARKET SQUARE SOUTHWEST, 980 AND 996 MAINE AVENUE SOUTHWEST, 800 MAINE AVENUE SOUTHWEST, 801 WHARF STREET SOUTHWEST, 770 MAINE AVENUE S</propertyAddress>
      <propertyCity>Washington</propertyCity>
      <propertyState>DC</propertyState>
      <propertyZip>20024</propertyZip>
      <propertyCounty>District of Columbia</propertyCounty>
      <propertyTypeCode>LO</propertyTypeCode>
      <netRentableSquareFeetNumber>215398</netRentableSquareFeetNumber>
      <netRentableSquareFeetSecuritizationNumber>215398</netRentableSquareFeetSecuritizationNumber>
      <yearBuiltNumber>2017</yearBuiltNumber>
      <valuationSecuritizationAmount>171000000.00</valuationSecuritizationAmount>
      <valuationSourceSecuritizationCode>MAI</valuationSourceSecuritizationCode>
      <valuationSecuritizationDate>02-21-2025</valuationSecuritizationDate>
      <mostRecentValuationAmount>77800000.00</mostRecentValuationAmount>
      <mostRecentValuationDate>03-04-2025</mostRecentValuationDate>
      <mostRecentValuationSourceCode>MAI</mostRecentValuationSourceCode>
      <physicalOccupancySecuritizationPercentage>0.84</physicalOccupancySecuritizationPercentage>
      <mostRecentPhysicalOccupancyPercentage>0</mostRecentPhysicalOccupancyPercentage>
      <propertyStatusCode>6</propertyStatusCode>
      <largestTenant>JESSIE TAYLOR SEAFOOD</largestTenant>
      <squareFeetLargestTenantNumber>17060</squareFeetLargestTenantNumber>
      <leaseExpirationLargestTenantDate>02-28-2033</leaseExpirationLargestTenantDate>
      <secondLargestTenant>DEL MAR DA FABIO TRABOCCHI</secondLargestTenant>
      <squareFeetSecondLargestTenantNumber>12964</squareFeetSecondLargestTenantNumber>
      <leaseExpirationSecondLargestTenantDate>10-31-2032</leaseExpirationSecondLargestTenantDate>
      <thirdLargestTenant>OFFICINA</thirdLargestTenant>
      <squareFeetThirdLargestTenantNumber>12711</squareFeetThirdLargestTenantNumber>
      <leaseExpirationThirdLargestTenantDate>09-30-2028</leaseExpirationThirdLargestTenantDate>
      <financialsSecuritizationDate>03-31-2025</financialsSecuritizationDate>
      <revenueSecuritizationAmount>18187613.74</revenueSecuritizationAmount>
      <operatingExpensesSecuritizationAmount>8316769.41</operatingExpensesSecuritizationAmount>
      <netOperatingIncomeSecuritizationAmount>9870844.33</netOperatingIncomeSecuritizationAmount>
      <netCashFlowFlowSecuritizationAmount>9396968.73</netCashFlowFlowSecuritizationAmount>
      <netOperatingIncomeNetCashFlowSecuritizationCode>UW</netOperatingIncomeNetCashFlowSecuritizationCode>
      <netOperatingIncomeNetCashFlowCode>CREFC</netOperatingIncomeNetCashFlowCode>
      <mostRecentAnnualLeaseRolloverReviewDate>02-01-2025</mostRecentAnnualLeaseRolloverReviewDate>
    </property>
    <assetAddedIndicator>false</assetAddedIndicator>
  </assets>
  <assets>
    <assetTypeNumber>Prospectus Loan ID</assetTypeNumber>
    <assetNumber>16-004</assetNumber>
    <reportingPeriodBeginningDate>04-14-2026</reportingPeriodBeginningDate>
    <reportingPeriodEndDate>05-11-2026</reportingPeriodEndDate>
    <property>
      <propertyName>THE CHANNEL</propertyName>
      <propertyAddress>950 MAINE AVENUE SOUTHWEST</propertyAddress>
      <propertyCity>Washington</propertyCity>
      <propertyState>DC</propertyState>
      <propertyZip>20024</propertyZip>
      <propertyCounty>District of Columbia</propertyCounty>
      <propertyTypeCode>OF</propertyTypeCode>
      <unitsBedsRoomsNumber>501</unitsBedsRoomsNumber>
      <unitsBedsRoomsSecuritizationNumber>501</unitsBedsRoomsSecuritizationNumber>
      <yearBuiltNumber>2017</yearBuiltNumber>
      <valuationSecuritizationAmount>151400000.00</valuationSecuritizationAmount>
      <valuationSecuritizationDate>02-27-2025</valuationSecuritizationDate>
      <physicalOccupancySecuritizationPercentage>0.92</physicalOccupancySecuritizationPercentage>
      <mostRecentPhysicalOccupancyPercentage>0</mostRecentPhysicalOccupancyPercentage>
      <propertyStatusCode>6</propertyStatusCode>
      <financialsSecuritizationDate>03-31-2025</financialsSecuritizationDate>
      <revenueSecuritizationAmount>14466864.05</revenueSecuritizationAmount>
      <operatingExpensesSecuritizationAmount>6667424.07</operatingExpensesSecuritizationAmount>
      <netOperatingIncomeSecuritizationAmount>7799439.97</netOperatingIncomeSecuritizationAmount>
      <netCashFlowFlowSecuritizationAmount>7699239.97</netCashFlowFlowSecuritizationAmount>
      <netOperatingIncomeNetCashFlowSecuritizationCode>UW</netOperatingIncomeNetCashFlowSecuritizationCode>
      <netOperatingIncomeNetCashFlowCode>CREFC</netOperatingIncomeNetCashFlowCode>
      <mostRecentAnnualLeaseRolloverReviewDate>03-31-2025</mostRecentAnnualLeaseRolloverReviewDate>
    </property>
    <assetAddedIndicator>false</assetAddedIndicator>
  </assets>
  <assets>
    <assetTypeNumber>Prospectus Loan ID</assetTypeNumber>
    <assetNumber>16-005</assetNumber>
    <reportingPeriodBeginningDate>04-14-2026</reportingPeriodBeginningDate>
    <reportingPeriodEndDate>05-11-2026</reportingPeriodEndDate>
    <property>
      <propertyName>GARAGE (PH I)</propertyName>
      <propertyAddress>800 MAINE AVENUE SOUTHWEST</propertyAddress>
      <propertyCity>Washington</propertyCity>
      <propertyState>DC</propertyState>
      <propertyZip>20024</propertyZip>
      <propertyCounty>District of Columbia</propertyCounty>
      <propertyTypeCode>MF</propertyTypeCode>
      <netRentableSquareFeetNumber>683</netRentableSquareFeetNumber>
      <unitsBedsRoomsNumber>683</unitsBedsRoomsNumber>
      <unitsBedsRoomsSecuritizationNumber>683</unitsBedsRoomsSecuritizationNumber>
      <yearBuiltNumber>2017</yearBuiltNumber>
      <valuationSecuritizationAmount>115400000.00</valuationSecuritizationAmount>
      <valuationSecuritizationDate>03-04-2025</valuationSecuritizationDate>
      <mostRecentPhysicalOccupancyPercentage>0</mostRecentPhysicalOccupancyPercentage>
      <propertyStatusCode>6</propertyStatusCode>
      <financialsSecuritizationDate>03-31-2025</financialsSecuritizationDate>
      <revenueSecuritizationAmount>12214948.40</revenueSecuritizationAmount>
      <operatingExpensesSecuritizationAmount>3670838.73</operatingExpensesSecuritizationAmount>
      <netOperatingIncomeSecuritizationAmount>8544109.67</netOperatingIncomeSecuritizationAmount>
      <netCashFlowFlowSecuritizationAmount>8544109.67</netCashFlowFlowSecuritizationAmount>
      <netOperatingIncomeNetCashFlowSecuritizationCode>UW</netOperatingIncomeNetCashFlowSecuritizationCode>
      <netOperatingIncomeNetCashFlowCode>CREFC</netOperatingIncomeNetCashFlowCode>
    </property>
    <assetAddedIndicator>false</assetAddedIndicator>
  </assets>
  <assets>
    <assetTypeNumber>Prospectus Loan ID</assetTypeNumber>
    <assetNumber>16-006</assetNumber>
    <reportingPeriodBeginningDate>04-14-2026</reportingPeriodBeginningDate>
    <reportingPeriodEndDate>05-11-2026</reportingPeriodEndDate>
    <property>
      <propertyName>HYATT HOUSE</propertyName>
      <propertyAddress>725 WHARF STREET SOUTHWEST</propertyAddress>
      <propertyCity>Washington</propertyCity>
      <propertyState>DC</propertyState>
      <propertyZip>20024</propertyZip>
      <propertyCounty>District of Columbia</propertyCounty>
      <propertyTypeCode>OF</propertyTypeCode>
      <unitsBedsRoomsNumber>237</unitsBedsRoomsNumber>
      <unitsBedsRoomsSecuritizationNumber>237</unitsBedsRoomsSecuritizationNumber>
      <yearBuiltNumber>2017</yearBuiltNumber>
      <valuationSecuritizationAmount>103000000.00</valuationSecuritizationAmount>
      <valuationSecuritizationDate>03-04-2025</valuationSecuritizationDate>
      <physicalOccupancySecuritizationPercentage>0.8</physicalOccupancySecuritizationPercentage>
      <mostRecentPhysicalOccupancyPercentage>0</mostRecentPhysicalOccupancyPercentage>
      <propertyStatusCode>6</propertyStatusCode>
      <financialsSecuritizationDate>03-31-2025</financialsSecuritizationDate>
      <revenueSecuritizationAmount>19621168.91</revenueSecuritizationAmount>
      <operatingExpensesSecuritizationAmount>12728875.85</operatingExpensesSecuritizationAmount>
      <netOperatingIncomeSecuritizationAmount>6892293.06</netOperatingIncomeSecuritizationAmount>
      <netCashFlowFlowSecuritizationAmount>6107446.31</netCashFlowFlowSecuritizationAmount>
      <netOperatingIncomeNetCashFlowSecuritizationCode>UW</netOperatingIncomeNetCashFlowSecuritizationCode>
      <netOperatingIncomeNetCashFlowCode>CREFC</netOperatingIncomeNetCashFlowCode>
      <mostRecentAnnualLeaseRolloverReviewDate>03-31-2025</mostRecentAnnualLeaseRolloverReviewDate>
    </property>
    <assetAddedIndicator>false</assetAddedIndicator>
  </assets>
  <assets>
    <assetTypeNumber>Prospectus Loan ID</assetTypeNumber>
    <assetNumber>16-007</assetNumber>
    <reportingPeriodBeginningDate>04-14-2026</reportingPeriodBeginningDate>
    <reportingPeriodEndDate>05-11-2026</reportingPeriodEndDate>
    <property>
      <propertyName>PHASE II RETAIL</propertyName>
      <propertyAddress>668 &amp; 678 WATER STREET SOUTHWEST, 670 &amp; 680 MAINE AVENUE SOUTHWEST, 652 MAINE AVENUE SOUTHWEST, 35 PARKER ROW SOUTHWEST, 620 MAINE AVENUE SOUTHWEST, 601 &amp; 690 WHARF STREET SOUTHWEST, 670 WHARF STREET</propertyAddress>
      <propertyCity>Washington</propertyCity>
      <propertyState>DC</propertyState>
      <propertyZip>20024</propertyZip>
      <propertyCounty>District of Columbia</propertyCounty>
      <propertyTypeCode>RT</propertyTypeCode>
      <netRentableSquareFeetNumber>140230</netRentableSquareFeetNumber>
      <netRentableSquareFeetSecuritizationNumber>91136</netRentableSquareFeetSecuritizationNumber>
      <yearBuiltNumber>2022</yearBuiltNumber>
      <valuationSecuritizationAmount>89500000.00</valuationSecuritizationAmount>
      <valuationSourceSecuritizationCode>MAI</valuationSourceSecuritizationCode>
      <valuationSecuritizationDate>02-21-2025</valuationSecuritizationDate>
      <physicalOccupancySecuritizationPercentage>0.98</physicalOccupancySecuritizationPercentage>
      <mostRecentPhysicalOccupancyPercentage>0</mostRecentPhysicalOccupancyPercentage>
      <propertyStatusCode>6</propertyStatusCode>
      <largestTenant>LIMANI</largestTenant>
      <squareFeetLargestTenantNumber>15348</squareFeetLargestTenantNumber>
      <leaseExpirationLargestTenantDate>08-31-2033</leaseExpirationLargestTenantDate>
      <secondLargestTenant>GORDON RAMSAY HELLS KITCHEN</secondLargestTenant>
      <squareFeetSecondLargestTenantNumber>14802</squareFeetSecondLargestTenantNumber>
      <leaseExpirationSecondLargestTenantDate>10-31-2032</leaseExpirationSecondLargestTenantDate>
      <thirdLargestTenant>THE GODDARD SCHOOL</thirdLargestTenant>
      <squareFeetThirdLargestTenantNumber>8772</squareFeetThirdLargestTenantNumber>
      <leaseExpirationThirdLargestTenantDate>02-28-2034</leaseExpirationThirdLargestTenantDate>
      <financialsSecuritizationDate>03-31-2025</financialsSecuritizationDate>
      <revenueSecuritizationAmount>9111104.06</revenueSecuritizationAmount>
      <operatingExpensesSecuritizationAmount>2945084.12</operatingExpensesSecuritizationAmount>
      <netOperatingIncomeSecuritizationAmount>6166019.94</netOperatingIncomeSecuritizationAmount>
      <netCashFlowFlowSecuritizationAmount>5965520.74</netCashFlowFlowSecuritizationAmount>
      <netOperatingIncomeNetCashFlowSecuritizationCode>UW</netOperatingIncomeNetCashFlowSecuritizationCode>
      <netOperatingIncomeNetCashFlowCode>CREFC</netOperatingIncomeNetCashFlowCode>
      <mostRecentAnnualLeaseRolloverReviewDate>02-01-2025</mostRecentAnnualLeaseRolloverReviewDate>
    </property>
    <assetAddedIndicator>false</assetAddedIndicator>
  </assets>
  <assets>
    <assetTypeNumber>Prospectus Loan ID</assetTypeNumber>
    <assetNumber>16-008</assetNumber>
    <reportingPeriodBeginningDate>04-14-2026</reportingPeriodBeginningDate>
    <reportingPeriodEndDate>05-11-2026</reportingPeriodEndDate>
    <property>
      <propertyName>GARAGE (PH II)</propertyName>
      <propertyAddress>21 PARKER ROW SOUTHWEST</propertyAddress>
      <propertyCity>Washington</propertyCity>
      <propertyState>DC</propertyState>
      <propertyZip>20024</propertyZip>
      <propertyCounty>District of Columbia</propertyCounty>
      <propertyTypeCode>MF</propertyTypeCode>
      <netRentableSquareFeetNumber>492</netRentableSquareFeetNumber>
      <unitsBedsRoomsNumber>492</unitsBedsRoomsNumber>
      <unitsBedsRoomsSecuritizationNumber>492</unitsBedsRoomsSecuritizationNumber>
      <yearBuiltNumber>2022</yearBuiltNumber>
      <valuationSecuritizationAmount>80400000.00</valuationSecuritizationAmount>
      <valuationSecuritizationDate>03-04-2025</valuationSecuritizationDate>
      <mostRecentPhysicalOccupancyPercentage>0</mostRecentPhysicalOccupancyPercentage>
      <propertyStatusCode>6</propertyStatusCode>
      <financialsSecuritizationDate>03-31-2025</financialsSecuritizationDate>
      <revenueSecuritizationAmount>6690104.09</revenueSecuritizationAmount>
      <operatingExpensesSecuritizationAmount>2784409.65</operatingExpensesSecuritizationAmount>
      <netOperatingIncomeSecuritizationAmount>3905694.44</netOperatingIncomeSecuritizationAmount>
      <netCashFlowFlowSecuritizationAmount>3905694.44</netCashFlowFlowSecuritizationAmount>
      <netOperatingIncomeNetCashFlowSecuritizationCode>UW</netOperatingIncomeNetCashFlowSecuritizationCode>
      <netOperatingIncomeNetCashFlowCode>CREFC</netOperatingIncomeNetCashFlowCode>
    </property>
    <assetAddedIndicator>false</assetAddedIndicator>
  </assets>
  <assets>
    <assetTypeNumber>Prospectus Loan ID</assetTypeNumber>
    <assetNumber>16-009</assetNumber>
    <reportingPeriodBeginningDate>04-14-2026</reportingPeriodBeginningDate>
    <reportingPeriodEndDate>05-11-2026</reportingPeriodEndDate>
    <property>
      <propertyName>CANOPY</propertyName>
      <propertyAddress>975 7TH STREET SOUTHWEST</propertyAddress>
      <propertyCity>Washington</propertyCity>
      <propertyState>DC</propertyState>
      <propertyZip>20024</propertyZip>
      <propertyCounty>District of Columbia</propertyCounty>
      <propertyTypeCode>OF</propertyTypeCode>
      <unitsBedsRoomsNumber>175</unitsBedsRoomsNumber>
      <unitsBedsRoomsSecuritizationNumber>175</unitsBedsRoomsSecuritizationNumber>
      <yearBuiltNumber>2017</yearBuiltNumber>
      <valuationSecuritizationAmount>77800000.00</valuationSecuritizationAmount>
      <valuationSourceSecuritizationCode>MAI</valuationSourceSecuritizationCode>
      <valuationSecuritizationDate>03-04-2025</valuationSecuritizationDate>
      <physicalOccupancySecuritizationPercentage>0.79</physicalOccupancySecuritizationPercentage>
      <mostRecentPhysicalOccupancyPercentage>0</mostRecentPhysicalOccupancyPercentage>
      <propertyStatusCode>6</propertyStatusCode>
      <financialsSecuritizationDate>03-31-2025</financialsSecuritizationDate>
      <revenueSecuritizationAmount>17416675.80</revenueSecuritizationAmount>
      <operatingExpensesSecuritizationAmount>12862149.10</operatingExpensesSecuritizationAmount>
      <netOperatingIncomeSecuritizationAmount>4554526.70</netOperatingIncomeSecuritizationAmount>
      <netCashFlowFlowSecuritizationAmount>3857859.67</netCashFlowFlowSecuritizationAmount>
      <netOperatingIncomeNetCashFlowSecuritizationCode>UW</netOperatingIncomeNetCashFlowSecuritizationCode>
      <netOperatingIncomeNetCashFlowCode>CREFC</netOperatingIncomeNetCashFlowCode>
      <mostRecentAnnualLeaseRolloverReviewDate>03-31-2025</mostRecentAnnualLeaseRolloverReviewDate>
    </property>
    <assetAddedIndicator>false</assetAddedIndicator>
  </assets>
  <assets>
    <assetTypeNumber>Prospectus Loan ID</assetTypeNumber>
    <assetNumber>16A</assetNumber>
    <reportingPeriodBeginningDate>04-14-2026</reportingPeriodBeginningDate>
    <reportingPeriodEndDate>05-11-2026</reportingPeriodEndDate>
    <originatorName>WFB/MSMCH</originatorName>
    <originationDate>06-18-2025</originationDate>
    <originalLoanAmount>10000000.00</originalLoanAmount>
    <originalTermLoanNumber>60</originalTermLoanNumber>
    <maturityDate>07-11-2030</maturityDate>
    <originalInterestRatePercentage>0.0543886</originalInterestRatePercentage>
    <interestRateSecuritizationPercentage>0.0543886</interestRateSecuritizationPercentage>
    <interestAccrualMethodCode>3</interestAccrualMethodCode>
    <originalInterestRateTypeCode>1</originalInterestRateTypeCode>
    <originalInterestOnlyTermNumber>60</originalInterestOnlyTermNumber>
    <firstLoanPaymentDueDate>08-11-2025</firstLoanPaymentDueDate>
    <lienPositionSecuritizationCode>1</lienPositionSecuritizationCode>
    <loanStructureCode>A1</loanStructureCode>
    <paymentTypeCode>3</paymentTypeCode>
    <scheduledPrincipalBalanceSecuritizationAmount>10000000.00</scheduledPrincipalBalanceSecuritizationAmount>
    <paymentFrequencyCode>1</paymentFrequencyCode>
    <graceDaysAllowedNumber>5</graceDaysAllowedNumber>
    <interestOnlyIndicator>true</interestOnlyIndicator>
    <balloonIndicator>true</balloonIndicator>
    <prepaymentPremiumIndicator>false</prepaymentPremiumIndicator>
    <negativeAmortizationIndicator>false</negativeAmortizationIndicator>
    <modifiedIndicator>false</modifiedIndicator>
    <property>
      <propertyName>NA</propertyName>
      <propertyState>NA</propertyState>
      <DefeasedStatusCode>N</DefeasedStatusCode>
    </property>
    <assetAddedIndicator>false</assetAddedIndicator>
    <reportPeriodModificationIndicator>false</reportPeriodModificationIndicator>
    <reportPeriodBeginningScheduleLoanBalanceAmount>10000000.00</reportPeriodBeginningScheduleLoanBalanceAmount>
    <totalScheduledPrincipalInterestDueAmount>45323.84</totalScheduledPrincipalInterestDueAmount>
    <reportPeriodInterestRatePercentage>0.05438861</reportPeriodInterestRatePercentage>
    <servicerTrusteeFeeRatePercentage>0.0002282</servicerTrusteeFeeRatePercentage>
    <scheduledInterestAmount>45323.84</scheduledInterestAmount>
    <scheduledPrincipalAmount>0.00</scheduledPrincipalAmount>
    <unscheduledPrincipalCollectedAmount>0.00</unscheduledPrincipalCollectedAmount>
    <reportPeriodEndActualBalanceAmount>10000000.00</reportPeriodEndActualBalanceAmount>
    <reportPeriodEndScheduledLoanBalanceAmount>10000000.00</reportPeriodEndScheduledLoanBalanceAmount>
    <paidThroughDate>05-11-2026</paidThroughDate>
    <servicingAdvanceMethodCode>1</servicingAdvanceMethodCode>
    <nonRecoverabilityIndicator>false</nonRecoverabilityIndicator>
    <totalPrincipalInterestAdvancedOutstandingAmount>0</totalPrincipalInterestAdvancedOutstandingAmount>
    <totalTaxesInsuranceAdvancesOutstandingAmount>0</totalTaxesInsuranceAdvancesOutstandingAmount>
    <otherExpensesAdvancedOutstandingAmount>0</otherExpensesAdvancedOutstandingAmount>
    <paymentStatusLoanCode>0</paymentStatusLoanCode>
    <nextInterestRatePercentage>0</nextInterestRatePercentage>
    <assetSubjectDemandIndicator>false</assetSubjectDemandIndicator>
  </assets>
  <assets>
    <assetTypeNumber>Prospectus Loan ID</assetTypeNumber>
    <assetNumber>16-010</assetNumber>
    <reportingPeriodBeginningDate>04-14-2026</reportingPeriodBeginningDate>
    <reportingPeriodEndDate>05-11-2026</reportingPeriodEndDate>
    <property>
      <propertyName>THE TIDES</propertyName>
      <propertyAddress>35 PARKER ROW SOUTHWEST</propertyAddress>
      <propertyCity>Washington</propertyCity>
      <propertyState>DC</propertyState>
      <propertyZip>20024</propertyZip>
      <propertyCounty>District of Columbia</propertyCounty>
      <propertyTypeCode>RT</propertyTypeCode>
      <unitsBedsRoomsNumber>255</unitsBedsRoomsNumber>
      <unitsBedsRoomsSecuritizationNumber>255</unitsBedsRoomsSecuritizationNumber>
      <yearBuiltNumber>2022</yearBuiltNumber>
      <valuationSecuritizationAmount>77700000.00</valuationSecuritizationAmount>
      <valuationSourceSecuritizationCode>MAI</valuationSourceSecuritizationCode>
      <valuationSecuritizationDate>02-27-2025</valuationSecuritizationDate>
      <physicalOccupancySecuritizationPercentage>0.88</physicalOccupancySecuritizationPercentage>
      <mostRecentPhysicalOccupancyPercentage>0</mostRecentPhysicalOccupancyPercentage>
      <propertyStatusCode>6</propertyStatusCode>
      <financialsSecuritizationDate>03-31-2025</financialsSecuritizationDate>
      <revenueSecuritizationAmount>6752961.14</revenueSecuritizationAmount>
      <operatingExpensesSecuritizationAmount>3930953.26</operatingExpensesSecuritizationAmount>
      <netOperatingIncomeSecuritizationAmount>2822007.88</netOperatingIncomeSecuritizationAmount>
      <netCashFlowFlowSecuritizationAmount>2771007.88</netCashFlowFlowSecuritizationAmount>
      <netOperatingIncomeNetCashFlowSecuritizationCode>UW</netOperatingIncomeNetCashFlowSecuritizationCode>
      <netOperatingIncomeNetCashFlowCode>CREFC</netOperatingIncomeNetCashFlowCode>
      <mostRecentAnnualLeaseRolloverReviewDate>03-31-2025</mostRecentAnnualLeaseRolloverReviewDate>
    </property>
    <assetAddedIndicator>false</assetAddedIndicator>
  </assets>
  <assets>
    <assetTypeNumber>Prospectus Loan ID</assetTypeNumber>
    <assetNumber>16-011</assetNumber>
    <reportingPeriodBeginningDate>04-14-2026</reportingPeriodBeginningDate>
    <reportingPeriodEndDate>05-11-2026</reportingPeriodEndDate>
    <property>
      <propertyName>800 MAINE</propertyName>
      <propertyAddress>800 MAINE AVENUE SOUTHWEST</propertyAddress>
      <propertyCity>Washington</propertyCity>
      <propertyState>DC</propertyState>
      <propertyZip>20024</propertyZip>
      <propertyCounty>District of Columbia</propertyCounty>
      <propertyTypeCode>MF</propertyTypeCode>
      <netRentableSquareFeetNumber>149515</netRentableSquareFeetNumber>
      <netRentableSquareFeetSecuritizationNumber>149515</netRentableSquareFeetSecuritizationNumber>
      <yearBuiltNumber>2017</yearBuiltNumber>
      <valuationSecuritizationAmount>75100000.00</valuationSecuritizationAmount>
      <valuationSourceSecuritizationCode>MAI</valuationSourceSecuritizationCode>
      <valuationSecuritizationDate>02-27-2025</valuationSecuritizationDate>
      <physicalOccupancySecuritizationPercentage>1</physicalOccupancySecuritizationPercentage>
      <mostRecentPhysicalOccupancyPercentage>0</mostRecentPhysicalOccupancyPercentage>
      <propertyStatusCode>6</propertyStatusCode>
      <largestTenant>CORNERSTONE GOV AFFAIRS INC.</largestTenant>
      <squareFeetLargestTenantNumber>49630</squareFeetLargestTenantNumber>
      <leaseExpirationLargestTenantDate>10-31-2036</leaseExpirationLargestTenantDate>
      <secondLargestTenant>REGUS</secondLargestTenant>
      <squareFeetSecondLargestTenantNumber>43880</squareFeetSecondLargestTenantNumber>
      <leaseExpirationSecondLargestTenantDate>03-31-2031</leaseExpirationSecondLargestTenantDate>
      <thirdLargestTenant>MEDIA MATTERS FOR AMERICA</thirdLargestTenant>
      <squareFeetThirdLargestTenantNumber>31820</squareFeetThirdLargestTenantNumber>
      <leaseExpirationThirdLargestTenantDate>05-31-2032</leaseExpirationThirdLargestTenantDate>
      <financialsSecuritizationDate>03-31-2025</financialsSecuritizationDate>
      <revenueSecuritizationAmount>10825614.09</revenueSecuritizationAmount>
      <operatingExpensesSecuritizationAmount>6071365.14</operatingExpensesSecuritizationAmount>
      <netOperatingIncomeSecuritizationAmount>4754248.95</netOperatingIncomeSecuritizationAmount>
      <netCashFlowFlowSecuritizationAmount>4425315.95</netCashFlowFlowSecuritizationAmount>
      <netOperatingIncomeNetCashFlowSecuritizationCode>UW</netOperatingIncomeNetCashFlowSecuritizationCode>
      <netOperatingIncomeNetCashFlowCode>CREFC</netOperatingIncomeNetCashFlowCode>
      <mostRecentAnnualLeaseRolloverReviewDate>02-01-2025</mostRecentAnnualLeaseRolloverReviewDate>
    </property>
    <assetAddedIndicator>false</assetAddedIndicator>
  </assets>
  <assets>
    <assetTypeNumber>Prospectus Loan ID</assetTypeNumber>
    <assetNumber>16-012</assetNumber>
    <reportingPeriodBeginningDate>04-14-2026</reportingPeriodBeginningDate>
    <reportingPeriodEndDate>05-11-2026</reportingPeriodEndDate>
    <property>
      <propertyName>THE ANTHEM</propertyName>
      <propertyAddress>901 WHARF STREET SOUTHWEST</propertyAddress>
      <propertyCity>Washington</propertyCity>
      <propertyState>DC</propertyState>
      <propertyZip>20024</propertyZip>
      <propertyCounty>District of Columbia</propertyCounty>
      <propertyTypeCode>98</propertyTypeCode>
      <netRentableSquareFeetNumber>492</netRentableSquareFeetNumber>
      <netRentableSquareFeetSecuritizationNumber>140230</netRentableSquareFeetSecuritizationNumber>
      <yearBuiltNumber>2017</yearBuiltNumber>
      <valuationSecuritizationAmount>63800000.00</valuationSecuritizationAmount>
      <valuationSourceSecuritizationCode>MAI</valuationSourceSecuritizationCode>
      <valuationSecuritizationDate>02-21-2025</valuationSecuritizationDate>
      <mostRecentValuationAmount>80400000.00</mostRecentValuationAmount>
      <mostRecentValuationDate>03-04-2025</mostRecentValuationDate>
      <mostRecentValuationSourceCode>MAI</mostRecentValuationSourceCode>
      <physicalOccupancySecuritizationPercentage>1</physicalOccupancySecuritizationPercentage>
      <mostRecentPhysicalOccupancyPercentage>0</mostRecentPhysicalOccupancyPercentage>
      <propertyStatusCode>6</propertyStatusCode>
      <largestTenant>ANTHEM</largestTenant>
      <squareFeetLargestTenantNumber>140230</squareFeetLargestTenantNumber>
      <leaseExpirationLargestTenantDate>09-29-2037</leaseExpirationLargestTenantDate>
      <financialsSecuritizationDate>03-31-2025</financialsSecuritizationDate>
      <revenueSecuritizationAmount>6538560.48</revenueSecuritizationAmount>
      <operatingExpensesSecuritizationAmount>1915634.45</operatingExpensesSecuritizationAmount>
      <netOperatingIncomeSecuritizationAmount>4622926.02</netOperatingIncomeSecuritizationAmount>
      <netCashFlowFlowSecuritizationAmount>4594880.02</netCashFlowFlowSecuritizationAmount>
      <netOperatingIncomeNetCashFlowSecuritizationCode>UW</netOperatingIncomeNetCashFlowSecuritizationCode>
      <netOperatingIncomeNetCashFlowCode>CREFC</netOperatingIncomeNetCashFlowCode>
      <mostRecentAnnualLeaseRolloverReviewDate>02-01-2025</mostRecentAnnualLeaseRolloverReviewDate>
    </property>
    <assetAddedIndicator>false</assetAddedIndicator>
  </assets>
  <assets>
    <assetTypeNumber>Prospectus Loan ID</assetTypeNumber>
    <assetNumber>16-013</assetNumber>
    <reportingPeriodBeginningDate>04-14-2026</reportingPeriodBeginningDate>
    <reportingPeriodEndDate>05-11-2026</reportingPeriodEndDate>
    <property>
      <propertyName>INCANTO</propertyName>
      <propertyAddress>770 MAINE AVENUE SOUTHWEST</propertyAddress>
      <propertyCity>Washington</propertyCity>
      <propertyState>DC</propertyState>
      <propertyZip>20024</propertyZip>
      <propertyCounty>District of Columbia</propertyCounty>
      <propertyTypeCode>OF</propertyTypeCode>
      <unitsBedsRoomsNumber>148</unitsBedsRoomsNumber>
      <unitsBedsRoomsSecuritizationNumber>148</unitsBedsRoomsSecuritizationNumber>
      <yearBuiltNumber>2017</yearBuiltNumber>
      <valuationSecuritizationAmount>40800000.00</valuationSecuritizationAmount>
      <valuationSourceSecuritizationCode>MAI</valuationSourceSecuritizationCode>
      <valuationSecuritizationDate>02-27-2025</valuationSecuritizationDate>
      <physicalOccupancySecuritizationPercentage>0.93</physicalOccupancySecuritizationPercentage>
      <mostRecentPhysicalOccupancyPercentage>0</mostRecentPhysicalOccupancyPercentage>
      <propertyStatusCode>6</propertyStatusCode>
      <financialsSecuritizationDate>03-31-2025</financialsSecuritizationDate>
      <revenueSecuritizationAmount>4504664.74</revenueSecuritizationAmount>
      <operatingExpensesSecuritizationAmount>2997522.00</operatingExpensesSecuritizationAmount>
      <netOperatingIncomeSecuritizationAmount>1507142.74</netOperatingIncomeSecuritizationAmount>
      <netCashFlowFlowSecuritizationAmount>1477542.74</netCashFlowFlowSecuritizationAmount>
      <netOperatingIncomeNetCashFlowSecuritizationCode>UW</netOperatingIncomeNetCashFlowSecuritizationCode>
      <netOperatingIncomeNetCashFlowCode>CREFC</netOperatingIncomeNetCashFlowCode>
      <mostRecentAnnualLeaseRolloverReviewDate>03-31-2025</mostRecentAnnualLeaseRolloverReviewDate>
    </property>
    <assetAddedIndicator>false</assetAddedIndicator>
  </assets>
  <assets>
    <assetTypeNumber>Prospectus Loan ID</assetTypeNumber>
    <assetNumber>16-014</assetNumber>
    <reportingPeriodBeginningDate>04-14-2026</reportingPeriodBeginningDate>
    <reportingPeriodEndDate>05-11-2026</reportingPeriodEndDate>
    <property>
      <propertyName>580 WATER (PIER 4)</propertyName>
      <propertyAddress>580 WATER STREET SOUTHWEST</propertyAddress>
      <propertyCity>Washington</propertyCity>
      <propertyState>DC</propertyState>
      <propertyZip>20024</propertyZip>
      <propertyCounty>District of Columbia</propertyCounty>
      <propertyTypeCode>LO</propertyTypeCode>
      <netRentableSquareFeetNumber>28407</netRentableSquareFeetNumber>
      <netRentableSquareFeetSecuritizationNumber>28407</netRentableSquareFeetSecuritizationNumber>
      <yearBuiltNumber>2018</yearBuiltNumber>
      <valuationSecuritizationAmount>34100000.00</valuationSecuritizationAmount>
      <valuationSourceSecuritizationCode>MAI</valuationSourceSecuritizationCode>
      <valuationSecuritizationDate>02-27-2025</valuationSecuritizationDate>
      <mostRecentValuationAmount>103000000.00</mostRecentValuationAmount>
      <mostRecentValuationDate>03-04-2025</mostRecentValuationDate>
      <mostRecentValuationSourceCode>MAI</mostRecentValuationSourceCode>
      <physicalOccupancySecuritizationPercentage>0.64</physicalOccupancySecuritizationPercentage>
      <mostRecentPhysicalOccupancyPercentage>0</mostRecentPhysicalOccupancyPercentage>
      <propertyStatusCode>6</propertyStatusCode>
      <largestTenant>HORNBLOWER CRUISES AND EVENTS, LLC</largestTenant>
      <squareFeetLargestTenantNumber>11675</squareFeetLargestTenantNumber>
      <leaseExpirationLargestTenantDate>05-31-2033</leaseExpirationLargestTenantDate>
      <secondLargestTenant>OTJ ARCHITECTS, INC.</secondLargestTenant>
      <squareFeetSecondLargestTenantNumber>6405</squareFeetSecondLargestTenantNumber>
      <leaseExpirationSecondLargestTenantDate>04-30-2034</leaseExpirationSecondLargestTenantDate>
      <financialsSecuritizationDate>03-31-2025</financialsSecuritizationDate>
      <revenueSecuritizationAmount>3669677.81</revenueSecuritizationAmount>
      <operatingExpensesSecuritizationAmount>1315455.78</operatingExpensesSecuritizationAmount>
      <netOperatingIncomeSecuritizationAmount>2354222.03</netOperatingIncomeSecuritizationAmount>
      <netCashFlowFlowSecuritizationAmount>2291726.63</netCashFlowFlowSecuritizationAmount>
      <netOperatingIncomeNetCashFlowSecuritizationCode>UW</netOperatingIncomeNetCashFlowSecuritizationCode>
      <netOperatingIncomeNetCashFlowCode>CREFC</netOperatingIncomeNetCashFlowCode>
      <mostRecentAnnualLeaseRolloverReviewDate>02-01-2025</mostRecentAnnualLeaseRolloverReviewDate>
    </property>
    <assetAddedIndicator>false</assetAddedIndicator>
  </assets>
  <assets>
    <assetTypeNumber>Prospectus Loan ID</assetTypeNumber>
    <assetNumber>16-015</assetNumber>
    <reportingPeriodBeginningDate>04-14-2026</reportingPeriodBeginningDate>
    <reportingPeriodEndDate>05-11-2026</reportingPeriodEndDate>
    <property>
      <propertyName>MARINA</propertyName>
      <propertyAddress>658 WHARF STREET SOUTHWEST</propertyAddress>
      <propertyCity>Washington</propertyCity>
      <propertyState>DC</propertyState>
      <propertyZip>20024</propertyZip>
      <propertyCounty>District of Columbia</propertyCounty>
      <propertyTypeCode>98</propertyTypeCode>
      <yearBuiltNumber>2019</yearBuiltNumber>
      <valuationSecuritizationAmount>27400000.00</valuationSecuritizationAmount>
      <valuationSourceSecuritizationCode>MAI</valuationSourceSecuritizationCode>
      <valuationSecuritizationDate>03-04-2025</valuationSecuritizationDate>
      <mostRecentPhysicalOccupancyPercentage>0</mostRecentPhysicalOccupancyPercentage>
      <propertyStatusCode>6</propertyStatusCode>
      <financialsSecuritizationDate>03-31-2025</financialsSecuritizationDate>
      <revenueSecuritizationAmount>4471639.43</revenueSecuritizationAmount>
      <operatingExpensesSecuritizationAmount>3350603.95</operatingExpensesSecuritizationAmount>
      <netOperatingIncomeSecuritizationAmount>1121035.48</netOperatingIncomeSecuritizationAmount>
      <netCashFlowFlowSecuritizationAmount>1121035.48</netCashFlowFlowSecuritizationAmount>
      <netOperatingIncomeNetCashFlowSecuritizationCode>UW</netOperatingIncomeNetCashFlowSecuritizationCode>
      <netOperatingIncomeNetCashFlowCode>CREFC</netOperatingIncomeNetCashFlowCode>
    </property>
    <assetAddedIndicator>false</assetAddedIndicator>
  </assets>
  <assets>
    <assetTypeNumber>Prospectus Loan ID</assetTypeNumber>
    <assetNumber>17</assetNumber>
    <reportingPeriodBeginningDate>04-14-2026</reportingPeriodBeginningDate>
    <reportingPeriodEndDate>05-11-2026</reportingPeriodEndDate>
    <originatorName>MSBNA</originatorName>
    <originationDate>05-21-2025</originationDate>
    <originalLoanAmount>12000000.00</originalLoanAmount>
    <originalTermLoanNumber>60</originalTermLoanNumber>
    <maturityDate>06-01-2030</maturityDate>
    <originalInterestRatePercentage>0.061</originalInterestRatePercentage>
    <interestRateSecuritizationPercentage>0.061</interestRateSecuritizationPercentage>
    <interestAccrualMethodCode>3</interestAccrualMethodCode>
    <originalInterestRateTypeCode>1</originalInterestRateTypeCode>
    <originalInterestOnlyTermNumber>60</originalInterestOnlyTermNumber>
    <firstLoanPaymentDueDate>07-01-2025</firstLoanPaymentDueDate>
    <underwritingIndicator>true</underwritingIndicator>
    <lienPositionSecuritizationCode>1</lienPositionSecuritizationCode>
    <loanStructureCode>WL</loanStructureCode>
    <paymentTypeCode>3</paymentTypeCode>
    <periodicPrincipalAndInterestPaymentSecuritizationAmount>61000.00</periodicPrincipalAndInterestPaymentSecuritizationAmount>
    <scheduledPrincipalBalanceSecuritizationAmount>12000000.00</scheduledPrincipalBalanceSecuritizationAmount>
    <paymentFrequencyCode>1</paymentFrequencyCode>
    <NumberPropertiesSecuritization>6</NumberPropertiesSecuritization>
    <NumberProperties>6</NumberProperties>
    <graceDaysAllowedNumber>5</graceDaysAllowedNumber>
    <interestOnlyIndicator>true</interestOnlyIndicator>
    <balloonIndicator>true</balloonIndicator>
    <prepaymentPremiumIndicator>true</prepaymentPremiumIndicator>
    <negativeAmortizationIndicator>false</negativeAmortizationIndicator>
    <modifiedIndicator>false</modifiedIndicator>
    <prepaymentLockOutEndDate>06-30-2027</prepaymentLockOutEndDate>
    <yieldMaintenanceEndDate>11-30-2029</yieldMaintenanceEndDate>
    <prepaymentPremiumsEndDate>11-30-2029</prepaymentPremiumsEndDate>
    <property>
      <propertyName>Advantage Self Storage Portfolio</propertyName>
      <propertyTypeCode>SS</propertyTypeCode>
      <netRentableSquareFeetSecuritizationNumber>216797</netRentableSquareFeetSecuritizationNumber>
      <unitsBedsRoomsNumber>1849</unitsBedsRoomsNumber>
      <unitsBedsRoomsSecuritizationNumber>1849</unitsBedsRoomsSecuritizationNumber>
      <valuationSecuritizationAmount>28870000.00</valuationSecuritizationAmount>
      <physicalOccupancySecuritizationPercentage>0.77</physicalOccupancySecuritizationPercentage>
      <mostRecentPhysicalOccupancyPercentage>0.77</mostRecentPhysicalOccupancyPercentage>
      <DefeasedStatusCode>X</DefeasedStatusCode>
      <financialsSecuritizationDate>01-31-2025</financialsSecuritizationDate>
      <mostRecentFinancialsStartDate>01-01-2026</mostRecentFinancialsStartDate>
      <mostRecentFinancialsEndDate>03-31-2026</mostRecentFinancialsEndDate>
      <revenueSecuritizationAmount>2953647.73</revenueSecuritizationAmount>
      <mostRecentRevenueAmount>735031.00</mostRecentRevenueAmount>
      <operatingExpensesSecuritizationAmount>1298644.22</operatingExpensesSecuritizationAmount>
      <operatingExpensesAmount>325049.86</operatingExpensesAmount>
      <netOperatingIncomeSecuritizationAmount>1655003.51</netOperatingIncomeSecuritizationAmount>
      <mostRecentNetOperatingIncomeAmount>409981.14</mostRecentNetOperatingIncomeAmount>
      <netCashFlowFlowSecuritizationAmount>1610964.26</netCashFlowFlowSecuritizationAmount>
      <mostRecentNetCashFlowAmount>398971.33</mostRecentNetCashFlowAmount>
      <netOperatingIncomeNetCashFlowSecuritizationCode>UW</netOperatingIncomeNetCashFlowSecuritizationCode>
      <mostRecentDebtServiceAmount>183000.00</mostRecentDebtServiceAmount>
      <debtServiceCoverageNetOperatingIncomeSecuritizationPercentage>2.23</debtServiceCoverageNetOperatingIncomeSecuritizationPercentage>
      <mostRecentDebtServiceCoverageNetOperatingIncomePercentage>2.2403</mostRecentDebtServiceCoverageNetOperatingIncomePercentage>
      <debtServiceCoverageNetCashFlowSecuritizationPercentage>2.17</debtServiceCoverageNetCashFlowSecuritizationPercentage>
      <mostRecentDebtServiceCoverageNetCashFlowpercentage>2.1801</mostRecentDebtServiceCoverageNetCashFlowpercentage>
      <debtServiceCoverageSecuritizationCode>F</debtServiceCoverageSecuritizationCode>
      <mostRecentDebtServiceCoverageCode>F</mostRecentDebtServiceCoverageCode>
    </property>
    <assetAddedIndicator>false</assetAddedIndicator>
    <reportPeriodModificationIndicator>false</reportPeriodModificationIndicator>
    <reportPeriodBeginningScheduleLoanBalanceAmount>12000000.00</reportPeriodBeginningScheduleLoanBalanceAmount>
    <totalScheduledPrincipalInterestDueAmount>61000.00</totalScheduledPrincipalInterestDueAmount>
    <reportPeriodInterestRatePercentage>0.061</reportPeriodInterestRatePercentage>
    <servicerTrusteeFeeRatePercentage>0.0002522</servicerTrusteeFeeRatePercentage>
    <scheduledInterestAmount>61000.00</scheduledInterestAmount>
    <scheduledPrincipalAmount>0.00</scheduledPrincipalAmount>
    <unscheduledPrincipalCollectedAmount>0.00</unscheduledPrincipalCollectedAmount>
    <reportPeriodEndActualBalanceAmount>12000000.00</reportPeriodEndActualBalanceAmount>
    <reportPeriodEndScheduledLoanBalanceAmount>12000000.00</reportPeriodEndScheduledLoanBalanceAmount>
    <paidThroughDate>05-01-2026</paidThroughDate>
    <servicingAdvanceMethodCode>1</servicingAdvanceMethodCode>
    <nonRecoverabilityIndicator>false</nonRecoverabilityIndicator>
    <totalPrincipalInterestAdvancedOutstandingAmount>0</totalPrincipalInterestAdvancedOutstandingAmount>
    <totalTaxesInsuranceAdvancesOutstandingAmount>0</totalTaxesInsuranceAdvancesOutstandingAmount>
    <otherExpensesAdvancedOutstandingAmount>0</otherExpensesAdvancedOutstandingAmount>
    <paymentStatusLoanCode>0</paymentStatusLoanCode>
    <nextInterestRatePercentage>0</nextInterestRatePercentage>
    <primaryServicerName>Trimont LLC</primaryServicerName>
    <assetSubjectDemandIndicator>false</assetSubjectDemandIndicator>
  </assets>
  <assets>
    <assetTypeNumber>Prospectus Loan ID</assetTypeNumber>
    <assetNumber>17-001</assetNumber>
    <reportingPeriodBeginningDate>04-14-2026</reportingPeriodBeginningDate>
    <reportingPeriodEndDate>05-11-2026</reportingPeriodEndDate>
    <property>
      <propertyName>ADVANTAGE PROPERTY III</propertyName>
      <propertyAddress>2938 WALDEN AVENUE</propertyAddress>
      <propertyCity>Depew</propertyCity>
      <propertyState>NY</propertyState>
      <propertyZip>14043</propertyZip>
      <propertyCounty>Erie</propertyCounty>
      <propertyTypeCode>SS</propertyTypeCode>
      <netRentableSquareFeetNumber>108575</netRentableSquareFeetNumber>
      <netRentableSquareFeetSecuritizationNumber>108575</netRentableSquareFeetSecuritizationNumber>
      <unitsBedsRoomsNumber>912</unitsBedsRoomsNumber>
      <unitsBedsRoomsSecuritizationNumber>912</unitsBedsRoomsSecuritizationNumber>
      <yearBuiltNumber>1989</yearBuiltNumber>
      <valuationSecuritizationAmount>13000000.00</valuationSecuritizationAmount>
      <valuationSourceSecuritizationCode>MAI</valuationSourceSecuritizationCode>
      <valuationSecuritizationDate>03-13-2025</valuationSecuritizationDate>
      <physicalOccupancySecuritizationPercentage>0.69</physicalOccupancySecuritizationPercentage>
      <mostRecentPhysicalOccupancyPercentage>0.67</mostRecentPhysicalOccupancyPercentage>
      <propertyStatusCode>6</propertyStatusCode>
      <mostRecentFinancialsStartDate>01-01-2026</mostRecentFinancialsStartDate>
      <mostRecentFinancialsEndDate>03-31-2026</mostRecentFinancialsEndDate>
      <mostRecentRevenueAmount>735031.00</mostRecentRevenueAmount>
      <operatingExpensesAmount>325049.86</operatingExpensesAmount>
      <mostRecentNetOperatingIncomeAmount>409981.14</mostRecentNetOperatingIncomeAmount>
      <mostRecentNetCashFlowAmount>398971.33</mostRecentNetCashFlowAmount>
      <netOperatingIncomeNetCashFlowSecuritizationCode>UW</netOperatingIncomeNetCashFlowSecuritizationCode>
      <netOperatingIncomeNetCashFlowCode>CREFC</netOperatingIncomeNetCashFlowCode>
      <mostRecentDebtServiceAmount>183000.00</mostRecentDebtServiceAmount>
      <mostRecentDebtServiceCoverageNetOperatingIncomePercentage>2.2403</mostRecentDebtServiceCoverageNetOperatingIncomePercentage>
      <mostRecentDebtServiceCoverageNetCashFlowpercentage>2.1801</mostRecentDebtServiceCoverageNetCashFlowpercentage>
      <mostRecentDebtServiceCoverageCode>F</mostRecentDebtServiceCoverageCode>
      <mostRecentAnnualLeaseRolloverReviewDate>04-01-2025</mostRecentAnnualLeaseRolloverReviewDate>
    </property>
    <assetAddedIndicator>false</assetAddedIndicator>
  </assets>
  <assets>
    <assetTypeNumber>Prospectus Loan ID</assetTypeNumber>
    <assetNumber>17-002</assetNumber>
    <reportingPeriodBeginningDate>04-14-2026</reportingPeriodBeginningDate>
    <reportingPeriodEndDate>05-11-2026</reportingPeriodEndDate>
    <property>
      <propertyName>ADVANTAGE PROPERTY IIA</propertyName>
      <propertyAddress>1570 MARION QUIMBY DRIVE</propertyAddress>
      <propertyCity>Stevensville</propertyCity>
      <propertyState>MD</propertyState>
      <propertyZip>21666</propertyZip>
      <propertyCounty>Queen Anne's</propertyCounty>
      <propertyTypeCode>SS</propertyTypeCode>
      <netRentableSquareFeetNumber>30025</netRentableSquareFeetNumber>
      <netRentableSquareFeetSecuritizationNumber>30025</netRentableSquareFeetSecuritizationNumber>
      <unitsBedsRoomsNumber>250</unitsBedsRoomsNumber>
      <unitsBedsRoomsSecuritizationNumber>250</unitsBedsRoomsSecuritizationNumber>
      <yearBuiltNumber>1997</yearBuiltNumber>
      <valuationSecuritizationAmount>5190000.00</valuationSecuritizationAmount>
      <valuationSourceSecuritizationCode>MAI</valuationSourceSecuritizationCode>
      <valuationSecuritizationDate>03-07-2025</valuationSecuritizationDate>
      <physicalOccupancySecuritizationPercentage>0.88</physicalOccupancySecuritizationPercentage>
      <mostRecentPhysicalOccupancyPercentage>0.84</mostRecentPhysicalOccupancyPercentage>
      <propertyStatusCode>6</propertyStatusCode>
      <mostRecentFinancialsStartDate>01-01-2026</mostRecentFinancialsStartDate>
      <mostRecentFinancialsEndDate>03-31-2026</mostRecentFinancialsEndDate>
      <mostRecentRevenueAmount>0.00</mostRecentRevenueAmount>
      <operatingExpensesAmount>0.00</operatingExpensesAmount>
      <mostRecentNetOperatingIncomeAmount>0.00</mostRecentNetOperatingIncomeAmount>
      <mostRecentNetCashFlowAmount>0.00</mostRecentNetCashFlowAmount>
      <netOperatingIncomeNetCashFlowSecuritizationCode>UW</netOperatingIncomeNetCashFlowSecuritizationCode>
      <netOperatingIncomeNetCashFlowCode>CREFC</netOperatingIncomeNetCashFlowCode>
      <mostRecentDebtServiceAmount>0.00</mostRecentDebtServiceAmount>
      <mostRecentDebtServiceCoverageNetOperatingIncomePercentage>0.00</mostRecentDebtServiceCoverageNetOperatingIncomePercentage>
      <mostRecentDebtServiceCoverageCode>C</mostRecentDebtServiceCoverageCode>
      <mostRecentAnnualLeaseRolloverReviewDate>04-01-2025</mostRecentAnnualLeaseRolloverReviewDate>
    </property>
    <assetAddedIndicator>false</assetAddedIndicator>
  </assets>
  <assets>
    <assetTypeNumber>Prospectus Loan ID</assetTypeNumber>
    <assetNumber>17-003</assetNumber>
    <reportingPeriodBeginningDate>04-14-2026</reportingPeriodBeginningDate>
    <reportingPeriodEndDate>05-11-2026</reportingPeriodEndDate>
    <property>
      <propertyName>ADVANTAGE PROPERTY</propertyName>
      <propertyAddress>10 COUNCIL DRIVE</propertyAddress>
      <propertyCity>Woodsboro</propertyCity>
      <propertyState>MD</propertyState>
      <propertyZip>21798</propertyZip>
      <propertyCounty>Frederick</propertyCounty>
      <propertyTypeCode>SS</propertyTypeCode>
      <netRentableSquareFeetNumber>34758</netRentableSquareFeetNumber>
      <netRentableSquareFeetSecuritizationNumber>34758</netRentableSquareFeetSecuritizationNumber>
      <unitsBedsRoomsNumber>312</unitsBedsRoomsNumber>
      <unitsBedsRoomsSecuritizationNumber>312</unitsBedsRoomsSecuritizationNumber>
      <yearBuiltNumber>1985</yearBuiltNumber>
      <valuationSecuritizationAmount>4080000.00</valuationSecuritizationAmount>
      <valuationSourceSecuritizationCode>MAI</valuationSourceSecuritizationCode>
      <valuationSecuritizationDate>03-07-2025</valuationSecuritizationDate>
      <physicalOccupancySecuritizationPercentage>0.81</physicalOccupancySecuritizationPercentage>
      <mostRecentPhysicalOccupancyPercentage>0.56</mostRecentPhysicalOccupancyPercentage>
      <propertyStatusCode>6</propertyStatusCode>
      <mostRecentFinancialsStartDate>01-01-2026</mostRecentFinancialsStartDate>
      <mostRecentFinancialsEndDate>03-31-2026</mostRecentFinancialsEndDate>
      <mostRecentRevenueAmount>0.00</mostRecentRevenueAmount>
      <operatingExpensesAmount>0.00</operatingExpensesAmount>
      <mostRecentNetOperatingIncomeAmount>0.00</mostRecentNetOperatingIncomeAmount>
      <mostRecentNetCashFlowAmount>0.00</mostRecentNetCashFlowAmount>
      <netOperatingIncomeNetCashFlowSecuritizationCode>UW</netOperatingIncomeNetCashFlowSecuritizationCode>
      <netOperatingIncomeNetCashFlowCode>CREFC</netOperatingIncomeNetCashFlowCode>
      <mostRecentDebtServiceAmount>0.00</mostRecentDebtServiceAmount>
      <mostRecentDebtServiceCoverageNetOperatingIncomePercentage>0.00</mostRecentDebtServiceCoverageNetOperatingIncomePercentage>
      <mostRecentDebtServiceCoverageCode>C</mostRecentDebtServiceCoverageCode>
      <mostRecentAnnualLeaseRolloverReviewDate>04-01-2025</mostRecentAnnualLeaseRolloverReviewDate>
    </property>
    <assetAddedIndicator>false</assetAddedIndicator>
  </assets>
  <assets>
    <assetTypeNumber>Prospectus Loan ID</assetTypeNumber>
    <assetNumber>17-004</assetNumber>
    <reportingPeriodBeginningDate>04-14-2026</reportingPeriodBeginningDate>
    <reportingPeriodEndDate>05-11-2026</reportingPeriodEndDate>
    <property>
      <propertyName>PINEY PROPERTY</propertyName>
      <propertyAddress>1715 PINEY CREEK ROAD</propertyAddress>
      <propertyCity>Chester</propertyCity>
      <propertyState>MD</propertyState>
      <propertyZip>21619</propertyZip>
      <propertyCounty>Queen Anne's</propertyCounty>
      <propertyTypeCode>SS</propertyTypeCode>
      <netRentableSquareFeetNumber>20514</netRentableSquareFeetNumber>
      <netRentableSquareFeetSecuritizationNumber>20514</netRentableSquareFeetSecuritizationNumber>
      <unitsBedsRoomsNumber>186</unitsBedsRoomsNumber>
      <unitsBedsRoomsSecuritizationNumber>186</unitsBedsRoomsSecuritizationNumber>
      <yearBuiltNumber>1993</yearBuiltNumber>
      <valuationSecuritizationAmount>3392635.80</valuationSecuritizationAmount>
      <valuationSourceSecuritizationCode>MAI</valuationSourceSecuritizationCode>
      <valuationSecuritizationDate>03-07-2025</valuationSecuritizationDate>
      <physicalOccupancySecuritizationPercentage>0.93</physicalOccupancySecuritizationPercentage>
      <mostRecentPhysicalOccupancyPercentage>0.84</mostRecentPhysicalOccupancyPercentage>
      <propertyStatusCode>6</propertyStatusCode>
      <mostRecentFinancialsStartDate>01-01-2026</mostRecentFinancialsStartDate>
      <mostRecentFinancialsEndDate>03-31-2026</mostRecentFinancialsEndDate>
      <mostRecentRevenueAmount>0.00</mostRecentRevenueAmount>
      <operatingExpensesAmount>0.00</operatingExpensesAmount>
      <mostRecentNetOperatingIncomeAmount>0.00</mostRecentNetOperatingIncomeAmount>
      <mostRecentNetCashFlowAmount>0.00</mostRecentNetCashFlowAmount>
      <netOperatingIncomeNetCashFlowSecuritizationCode>UW</netOperatingIncomeNetCashFlowSecuritizationCode>
      <netOperatingIncomeNetCashFlowCode>CREFC</netOperatingIncomeNetCashFlowCode>
      <mostRecentDebtServiceAmount>0.00</mostRecentDebtServiceAmount>
      <mostRecentDebtServiceCoverageNetOperatingIncomePercentage>0.00</mostRecentDebtServiceCoverageNetOperatingIncomePercentage>
      <mostRecentDebtServiceCoverageCode>C</mostRecentDebtServiceCoverageCode>
      <mostRecentAnnualLeaseRolloverReviewDate>04-01-2025</mostRecentAnnualLeaseRolloverReviewDate>
    </property>
    <assetAddedIndicator>false</assetAddedIndicator>
  </assets>
  <assets>
    <assetTypeNumber>Prospectus Loan ID</assetTypeNumber>
    <assetNumber>17-005</assetNumber>
    <reportingPeriodBeginningDate>04-14-2026</reportingPeriodBeginningDate>
    <reportingPeriodEndDate>05-11-2026</reportingPeriodEndDate>
    <property>
      <propertyName>THOMPSON PROPERTY</propertyName>
      <propertyAddress>528 THOMPSON CREEK ROAD</propertyAddress>
      <propertyCity>Stevensville</propertyCity>
      <propertyState>MD</propertyState>
      <propertyZip>21666</propertyZip>
      <propertyCounty>Queen Anne's</propertyCounty>
      <propertyTypeCode>SS</propertyTypeCode>
      <netRentableSquareFeetNumber>12260</netRentableSquareFeetNumber>
      <netRentableSquareFeetSecuritizationNumber>12260</netRentableSquareFeetSecuritizationNumber>
      <unitsBedsRoomsNumber>106</unitsBedsRoomsNumber>
      <unitsBedsRoomsSecuritizationNumber>106</unitsBedsRoomsSecuritizationNumber>
      <yearBuiltNumber>1997</yearBuiltNumber>
      <valuationSecuritizationAmount>1756471.02</valuationSecuritizationAmount>
      <valuationSourceSecuritizationCode>MAI</valuationSourceSecuritizationCode>
      <valuationSecuritizationDate>03-07-2025</valuationSecuritizationDate>
      <physicalOccupancySecuritizationPercentage>0.81</physicalOccupancySecuritizationPercentage>
      <mostRecentPhysicalOccupancyPercentage>0.86</mostRecentPhysicalOccupancyPercentage>
      <propertyStatusCode>6</propertyStatusCode>
      <mostRecentFinancialsStartDate>01-01-2026</mostRecentFinancialsStartDate>
      <mostRecentFinancialsEndDate>03-31-2026</mostRecentFinancialsEndDate>
      <mostRecentRevenueAmount>0.00</mostRecentRevenueAmount>
      <operatingExpensesAmount>0.00</operatingExpensesAmount>
      <mostRecentNetOperatingIncomeAmount>0.00</mostRecentNetOperatingIncomeAmount>
      <mostRecentNetCashFlowAmount>0.00</mostRecentNetCashFlowAmount>
      <netOperatingIncomeNetCashFlowSecuritizationCode>UW</netOperatingIncomeNetCashFlowSecuritizationCode>
      <netOperatingIncomeNetCashFlowCode>CREFC</netOperatingIncomeNetCashFlowCode>
      <mostRecentDebtServiceAmount>0.00</mostRecentDebtServiceAmount>
      <mostRecentDebtServiceCoverageNetOperatingIncomePercentage>0.00</mostRecentDebtServiceCoverageNetOperatingIncomePercentage>
      <mostRecentDebtServiceCoverageCode>C</mostRecentDebtServiceCoverageCode>
      <mostRecentAnnualLeaseRolloverReviewDate>04-01-2025</mostRecentAnnualLeaseRolloverReviewDate>
    </property>
    <assetAddedIndicator>false</assetAddedIndicator>
  </assets>
  <assets>
    <assetTypeNumber>Prospectus Loan ID</assetTypeNumber>
    <assetNumber>17-006</assetNumber>
    <reportingPeriodBeginningDate>04-14-2026</reportingPeriodBeginningDate>
    <reportingPeriodEndDate>05-11-2026</reportingPeriodEndDate>
    <property>
      <propertyName>CHESLOU PROPERTY</propertyName>
      <propertyAddress>112 CHESLOU ROAD</propertyAddress>
      <propertyCity>Chester</propertyCity>
      <propertyState>MD</propertyState>
      <propertyZip>21619</propertyZip>
      <propertyCounty>Queen Anne's</propertyCounty>
      <propertyTypeCode>SS</propertyTypeCode>
      <netRentableSquareFeetNumber>10665</netRentableSquareFeetNumber>
      <netRentableSquareFeetSecuritizationNumber>10665</netRentableSquareFeetSecuritizationNumber>
      <unitsBedsRoomsNumber>83</unitsBedsRoomsNumber>
      <unitsBedsRoomsSecuritizationNumber>83</unitsBedsRoomsSecuritizationNumber>
      <yearBuiltNumber>1990</yearBuiltNumber>
      <valuationSecuritizationAmount>1450893.18</valuationSecuritizationAmount>
      <valuationSourceSecuritizationCode>MAI</valuationSourceSecuritizationCode>
      <valuationSecuritizationDate>03-07-2025</valuationSecuritizationDate>
      <physicalOccupancySecuritizationPercentage>0.74</physicalOccupancySecuritizationPercentage>
      <mostRecentPhysicalOccupancyPercentage>0.88</mostRecentPhysicalOccupancyPercentage>
      <propertyStatusCode>6</propertyStatusCode>
      <mostRecentFinancialsStartDate>01-01-2026</mostRecentFinancialsStartDate>
      <mostRecentFinancialsEndDate>03-31-2026</mostRecentFinancialsEndDate>
      <mostRecentRevenueAmount>0.00</mostRecentRevenueAmount>
      <operatingExpensesAmount>0.00</operatingExpensesAmount>
      <mostRecentNetOperatingIncomeAmount>0.00</mostRecentNetOperatingIncomeAmount>
      <mostRecentNetCashFlowAmount>0.00</mostRecentNetCashFlowAmount>
      <netOperatingIncomeNetCashFlowSecuritizationCode>UW</netOperatingIncomeNetCashFlowSecuritizationCode>
      <netOperatingIncomeNetCashFlowCode>CREFC</netOperatingIncomeNetCashFlowCode>
      <mostRecentDebtServiceAmount>0.00</mostRecentDebtServiceAmount>
      <mostRecentDebtServiceCoverageNetOperatingIncomePercentage>0.00</mostRecentDebtServiceCoverageNetOperatingIncomePercentage>
      <mostRecentDebtServiceCoverageCode>C</mostRecentDebtServiceCoverageCode>
      <mostRecentAnnualLeaseRolloverReviewDate>04-01-2025</mostRecentAnnualLeaseRolloverReviewDate>
    </property>
    <assetAddedIndicator>false</assetAddedIndicator>
  </assets>
  <assets>
    <assetTypeNumber>Prospectus Loan ID</assetTypeNumber>
    <assetNumber>18</assetNumber>
    <reportingPeriodBeginningDate>04-14-2026</reportingPeriodBeginningDate>
    <reportingPeriodEndDate>05-11-2026</reportingPeriodEndDate>
    <originatorName>MSBNA</originatorName>
    <originationDate>03-28-2025</originationDate>
    <originalLoanAmount>10216000.00</originalLoanAmount>
    <originalTermLoanNumber>60</originalTermLoanNumber>
    <maturityDate>04-01-2030</maturityDate>
    <originalInterestRatePercentage>0.0522</originalInterestRatePercentage>
    <interestRateSecuritizationPercentage>0.0522</interestRateSecuritizationPercentage>
    <interestAccrualMethodCode>3</interestAccrualMethodCode>
    <originalInterestRateTypeCode>1</originalInterestRateTypeCode>
    <originalInterestOnlyTermNumber>60</originalInterestOnlyTermNumber>
    <firstLoanPaymentDueDate>05-01-2025</firstLoanPaymentDueDate>
    <underwritingIndicator>true</underwritingIndicator>
    <lienPositionSecuritizationCode>1</lienPositionSecuritizationCode>
    <loanStructureCode>WL</loanStructureCode>
    <paymentTypeCode>3</paymentTypeCode>
    <periodicPrincipalAndInterestPaymentSecuritizationAmount>44439.60</periodicPrincipalAndInterestPaymentSecuritizationAmount>
    <scheduledPrincipalBalanceSecuritizationAmount>10216000.00</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>03-31-2027</prepaymentLockOutEndDate>
    <yieldMaintenanceEndDate>09-30-2029</yieldMaintenanceEndDate>
    <prepaymentPremiumsEndDate>09-30-2029</prepaymentPremiumsEndDate>
    <property>
      <propertyName>SUNSET HARBOR</propertyName>
      <propertyAddress>5031 5TH AVENUE</propertyAddress>
      <propertyCity>Key West</propertyCity>
      <propertyState>FL</propertyState>
      <propertyZip>33040</propertyZip>
      <propertyCounty>Monroe</propertyCounty>
      <propertyTypeCode>MH</propertyTypeCode>
      <unitsBedsRoomsNumber>79</unitsBedsRoomsNumber>
      <unitsBedsRoomsSecuritizationNumber>79</unitsBedsRoomsSecuritizationNumber>
      <yearBuiltNumber>1960</yearBuiltNumber>
      <valuationSecuritizationAmount>18200000.00</valuationSecuritizationAmount>
      <valuationSourceSecuritizationCode>MAI</valuationSourceSecuritizationCode>
      <valuationSecuritizationDate>01-22-2025</valuationSecuritizationDate>
      <physicalOccupancySecuritizationPercentage>1</physicalOccupancySecuritizationPercentage>
      <mostRecentPhysicalOccupancyPercentage>0.97</mostRecentPhysicalOccupancyPercentage>
      <propertyStatusCode>6</propertyStatusCode>
      <DefeasedStatusCode>X</DefeasedStatusCode>
      <financialsSecuritizationDate>01-31-2025</financialsSecuritizationDate>
      <mostRecentFinancialsStartDate>01-01-2025</mostRecentFinancialsStartDate>
      <mostRecentFinancialsEndDate>09-30-2025</mostRecentFinancialsEndDate>
      <revenueSecuritizationAmount>1550855.00</revenueSecuritizationAmount>
      <mostRecentRevenueAmount>1217517.00</mostRecentRevenueAmount>
      <operatingExpensesSecuritizationAmount>632513.97</operatingExpensesSecuritizationAmount>
      <operatingExpensesAmount>451900.47</operatingExpensesAmount>
      <netOperatingIncomeSecuritizationAmount>918341.03</netOperatingIncomeSecuritizationAmount>
      <mostRecentNetOperatingIncomeAmount>765616.53</mostRecentNetOperatingIncomeAmount>
      <netCashFlowFlowSecuritizationAmount>914202.03</netCashFlowFlowSecuritizationAmount>
      <mostRecentNetCashFlowAmount>762512.28</mostRecentNetCashFlowAmount>
      <netOperatingIncomeNetCashFlowSecuritizationCode>UW</netOperatingIncomeNetCashFlowSecuritizationCode>
      <netOperatingIncomeNetCashFlowCode>CREFC</netOperatingIncomeNetCashFlowCode>
      <mostRecentDebtServiceAmount>404400.00</mostRecentDebtServiceAmount>
      <debtServiceCoverageNetOperatingIncomeSecuritizationPercentage>1.70</debtServiceCoverageNetOperatingIncomeSecuritizationPercentage>
      <mostRecentDebtServiceCoverageNetOperatingIncomePercentage>1.8932</mostRecentDebtServiceCoverageNetOperatingIncomePercentage>
      <debtServiceCoverageNetCashFlowSecuritizationPercentage>1.69</debtServiceCoverageNetCashFlowSecuritizationPercentage>
      <mostRecentDebtServiceCoverageNetCashFlowpercentage>1.8855</mostRecentDebtServiceCoverageNetCashFlowpercentage>
      <debtServiceCoverageSecuritizationCode>F</debtServiceCoverageSecuritizationCode>
      <mostRecentDebtServiceCoverageCode>F</mostRecentDebtServiceCoverageCode>
    </property>
    <assetAddedIndicator>false</assetAddedIndicator>
    <reportPeriodModificationIndicator>false</reportPeriodModificationIndicator>
    <reportPeriodBeginningScheduleLoanBalanceAmount>10216000.00</reportPeriodBeginningScheduleLoanBalanceAmount>
    <totalScheduledPrincipalInterestDueAmount>44439.60</totalScheduledPrincipalInterestDueAmount>
    <reportPeriodInterestRatePercentage>0.0522</reportPeriodInterestRatePercentage>
    <servicerTrusteeFeeRatePercentage>0.0006272</servicerTrusteeFeeRatePercentage>
    <scheduledInterestAmount>44439.60</scheduledInterestAmount>
    <scheduledPrincipalAmount>0.00</scheduledPrincipalAmount>
    <unscheduledPrincipalCollectedAmount>0.00</unscheduledPrincipalCollectedAmount>
    <reportPeriodEndActualBalanceAmount>10216000.00</reportPeriodEndActualBalanceAmount>
    <reportPeriodEndScheduledLoanBalanceAmount>10216000.00</reportPeriodEndScheduledLoanBalanceAmount>
    <paidThroughDate>05-01-2026</paidThroughDate>
    <servicingAdvanceMethodCode>1</servicingAdvanceMethodCode>
    <nonRecoverabilityIndicator>false</nonRecoverabilityIndicator>
    <totalPrincipalInterestAdvancedOutstandingAmount>0</totalPrincipalInterestAdvancedOutstandingAmount>
    <totalTaxesInsuranceAdvancesOutstandingAmount>0</totalTaxesInsuranceAdvancesOutstandingAmount>
    <otherExpensesAdvancedOutstandingAmount>0</otherExpensesAdvancedOutstandingAmount>
    <paymentStatusLoanCode>0</paymentStatusLoanCode>
    <nextInterestRatePercentage>0</nextInterestRatePercentage>
    <primaryServicerName>Trimont LLC</primaryServicerName>
    <assetSubjectDemandIndicator>false</assetSubjectDemandIndicator>
  </assets>
  <assets>
    <assetTypeNumber>Prospectus Loan ID</assetTypeNumber>
    <assetNumber>19</assetNumber>
    <reportingPeriodBeginningDate>04-14-2026</reportingPeriodBeginningDate>
    <reportingPeriodEndDate>05-11-2026</reportingPeriodEndDate>
    <originatorName>MSBNA</originatorName>
    <originationDate>04-29-2025</originationDate>
    <originalLoanAmount>10080000.00</originalLoanAmount>
    <originalTermLoanNumber>60</originalTermLoanNumber>
    <maturityDate>05-01-2030</maturityDate>
    <originalInterestRatePercentage>0.0737</originalInterestRatePercentage>
    <interestRateSecuritizationPercentage>0.0737</interestRateSecuritizationPercentage>
    <interestAccrualMethodCode>3</interestAccrualMethodCode>
    <originalInterestRateTypeCode>1</originalInterestRateTypeCode>
    <originalInterestOnlyTermNumber>60</originalInterestOnlyTermNumber>
    <firstLoanPaymentDueDate>06-01-2025</firstLoanPaymentDueDate>
    <underwritingIndicator>true</underwritingIndicator>
    <lienPositionSecuritizationCode>1</lienPositionSecuritizationCode>
    <loanStructureCode>WL</loanStructureCode>
    <paymentTypeCode>3</paymentTypeCode>
    <periodicPrincipalAndInterestPaymentSecuritizationAmount>61908.00</periodicPrincipalAndInterestPaymentSecuritizationAmount>
    <scheduledPrincipalBalanceSecuritizationAmount>10080000.00</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>12-31-2029</prepaymentLockOutEndDate>
    <property>
      <propertyName>HOME2 SUITES SAN ANTONIO</propertyName>
      <propertyAddress>1807 NORTH LOOP 1604 EAST</propertyAddress>
      <propertyCity>San Antonio</propertyCity>
      <propertyState>TX</propertyState>
      <propertyZip>78232</propertyZip>
      <propertyCounty>Bexar</propertyCounty>
      <propertyTypeCode>LO</propertyTypeCode>
      <unitsBedsRoomsNumber>106</unitsBedsRoomsNumber>
      <unitsBedsRoomsSecuritizationNumber>106</unitsBedsRoomsSecuritizationNumber>
      <yearBuiltNumber>2019</yearBuiltNumber>
      <valuationSecuritizationAmount>14900000.00</valuationSecuritizationAmount>
      <valuationSourceSecuritizationCode>MAI</valuationSourceSecuritizationCode>
      <valuationSecuritizationDate>03-05-2025</valuationSecuritizationDate>
      <physicalOccupancySecuritizationPercentage>0.78</physicalOccupancySecuritizationPercentage>
      <mostRecentPhysicalOccupancyPercentage>0.84</mostRecentPhysicalOccupancyPercentage>
      <propertyStatusCode>6</propertyStatusCode>
      <defeasanceOptionStartDate>08-01-2027</defeasanceOptionStartDate>
      <DefeasedStatusCode>N</DefeasedStatusCode>
      <financialsSecuritizationDate>03-31-2025</financialsSecuritizationDate>
      <mostRecentFinancialsStartDate>12-31-2024</mostRecentFinancialsStartDate>
      <mostRecentFinancialsEndDate>12-31-2025</mostRecentFinancialsEndDate>
      <revenueSecuritizationAmount>3968715.00</revenueSecuritizationAmount>
      <mostRecentRevenueAmount>4071439.89</mostRecentRevenueAmount>
      <operatingExpensesSecuritizationAmount>2647970.24</operatingExpensesSecuritizationAmount>
      <operatingExpensesAmount>2577534.55</operatingExpensesAmount>
      <netOperatingIncomeSecuritizationAmount>1320744.76</netOperatingIncomeSecuritizationAmount>
      <mostRecentNetOperatingIncomeAmount>1493905.34</mostRecentNetOperatingIncomeAmount>
      <netCashFlowFlowSecuritizationAmount>1161996.16</netCashFlowFlowSecuritizationAmount>
      <mostRecentNetCashFlowAmount>1331047.78</mostRecentNetCashFlowAmount>
      <netOperatingIncomeNetCashFlowSecuritizationCode>UW</netOperatingIncomeNetCashFlowSecuritizationCode>
      <netOperatingIncomeNetCashFlowCode>CREFC</netOperatingIncomeNetCashFlowCode>
      <mostRecentDebtServiceAmount>753214.00</mostRecentDebtServiceAmount>
      <debtServiceCoverageNetOperatingIncomeSecuritizationPercentage>1.75</debtServiceCoverageNetOperatingIncomeSecuritizationPercentage>
      <mostRecentDebtServiceCoverageNetOperatingIncomePercentage>1.9833</mostRecentDebtServiceCoverageNetOperatingIncomePercentage>
      <debtServiceCoverageNetCashFlowSecuritizationPercentage>1.54</debtServiceCoverageNetCashFlowSecuritizationPercentage>
      <mostRecentDebtServiceCoverageNetCashFlowpercentage>1.7671</mostRecentDebtServiceCoverageNetCashFlowpercentage>
      <debtServiceCoverageSecuritizationCode>F</debtServiceCoverageSecuritizationCode>
      <mostRecentDebtServiceCoverageCode>F</mostRecentDebtServiceCoverageCode>
    </property>
    <assetAddedIndicator>false</assetAddedIndicator>
    <reportPeriodModificationIndicator>false</reportPeriodModificationIndicator>
    <reportPeriodBeginningScheduleLoanBalanceAmount>10080000.00</reportPeriodBeginningScheduleLoanBalanceAmount>
    <totalScheduledPrincipalInterestDueAmount>61908.00</totalScheduledPrincipalInterestDueAmount>
    <reportPeriodInterestRatePercentage>0.0737</reportPeriodInterestRatePercentage>
    <servicerTrusteeFeeRatePercentage>0.0002522</servicerTrusteeFeeRatePercentage>
    <scheduledInterestAmount>61908.00</scheduledInterestAmount>
    <scheduledPrincipalAmount>0.00</scheduledPrincipalAmount>
    <unscheduledPrincipalCollectedAmount>0.00</unscheduledPrincipalCollectedAmount>
    <reportPeriodEndActualBalanceAmount>10080000.00</reportPeriodEndActualBalanceAmount>
    <reportPeriodEndScheduledLoanBalanceAmount>10080000.00</reportPeriodEndScheduledLoanBalanceAmount>
    <paidThroughDate>05-01-2026</paidThroughDate>
    <servicingAdvanceMethodCode>1</servicingAdvanceMethodCode>
    <nonRecoverabilityIndicator>false</nonRecoverabilityIndicator>
    <totalPrincipalInterestAdvancedOutstandingAmount>0</totalPrincipalInterestAdvancedOutstandingAmount>
    <totalTaxesInsuranceAdvancesOutstandingAmount>0</totalTaxesInsuranceAdvancesOutstandingAmount>
    <otherExpensesAdvancedOutstandingAmount>0</otherExpensesAdvancedOutstandingAmount>
    <paymentStatusLoanCode>0</paymentStatusLoanCode>
    <nextInterestRatePercentage>0</nextInterestRatePercentage>
    <primaryServicerName>Trimont LLC</primaryServicerName>
    <assetSubjectDemandIndicator>false</assetSubjectDemandIndicator>
  </assets>
  <assets>
    <assetTypeNumber>Prospectus Loan ID</assetTypeNumber>
    <assetNumber>20</assetNumber>
    <reportingPeriodBeginningDate>04-14-2026</reportingPeriodBeginningDate>
    <reportingPeriodEndDate>05-11-2026</reportingPeriodEndDate>
    <originatorName>MSBNA</originatorName>
    <originationDate>04-24-2025</originationDate>
    <originalLoanAmount>9000000.00</originalLoanAmount>
    <originalTermLoanNumber>60</originalTermLoanNumber>
    <maturityDate>05-01-2030</maturityDate>
    <originalInterestRatePercentage>0.06948</originalInterestRatePercentage>
    <interestRateSecuritizationPercentage>0.06948</interestRateSecuritizationPercentage>
    <interestAccrualMethodCode>3</interestAccrualMethodCode>
    <originalInterestRateTypeCode>1</originalInterestRateTypeCode>
    <originalInterestOnlyTermNumber>60</originalInterestOnlyTermNumber>
    <firstLoanPaymentDueDate>06-01-2025</firstLoanPaymentDueDate>
    <underwritingIndicator>true</underwritingIndicator>
    <lienPositionSecuritizationCode>1</lienPositionSecuritizationCode>
    <loanStructureCode>WL</loanStructureCode>
    <paymentTypeCode>3</paymentTypeCode>
    <periodicPrincipalAndInterestPaymentSecuritizationAmount>52110.00</periodicPrincipalAndInterestPaymentSecuritizationAmount>
    <scheduledPrincipalBalanceSecuritizationAmount>9000000.00</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>04-30-2027</prepaymentLockOutEndDate>
    <yieldMaintenanceEndDate>10-31-2029</yieldMaintenanceEndDate>
    <prepaymentPremiumsEndDate>10-31-2029</prepaymentPremiumsEndDate>
    <property>
      <propertyName>13-06 43RD AVENUE</propertyName>
      <propertyAddress>13-06 43RD AVENUE</propertyAddress>
      <propertyCity>Long Island City</propertyCity>
      <propertyState>NY</propertyState>
      <propertyZip>11101</propertyZip>
      <propertyCounty>Queens</propertyCounty>
      <propertyTypeCode>IN</propertyTypeCode>
      <netRentableSquareFeetNumber>33785</netRentableSquareFeetNumber>
      <netRentableSquareFeetSecuritizationNumber>33785</netRentableSquareFeetSecuritizationNumber>
      <yearBuiltNumber>1931</yearBuiltNumber>
      <yearLastRenovated>2013</yearLastRenovated>
      <valuationSecuritizationAmount>14000000.00</valuationSecuritizationAmount>
      <valuationSourceSecuritizationCode>MAI</valuationSourceSecuritizationCode>
      <valuationSecuritizationDate>01-10-2025</valuationSecuritizationDate>
      <physicalOccupancySecuritizationPercentage>1</physicalOccupancySecuritizationPercentage>
      <propertyStatusCode>6</propertyStatusCode>
      <DefeasedStatusCode>X</DefeasedStatusCode>
      <largestTenant>NATIONAL ACOUSTICS</largestTenant>
      <squareFeetLargestTenantNumber>33785</squareFeetLargestTenantNumber>
      <leaseExpirationLargestTenantDate>04-30-2040</leaseExpirationLargestTenantDate>
      <revenueSecuritizationAmount>1313917.96</revenueSecuritizationAmount>
      <operatingExpensesSecuritizationAmount>301951.54</operatingExpensesSecuritizationAmount>
      <netOperatingIncomeSecuritizationAmount>1011966.42</netOperatingIncomeSecuritizationAmount>
      <netCashFlowFlowSecuritizationAmount>974801.92</netCashFlowFlowSecuritizationAmount>
      <netOperatingIncomeNetCashFlowSecuritizationCode>UW</netOperatingIncomeNetCashFlowSecuritizationCode>
      <netOperatingIncomeNetCashFlowCode>CREFC</netOperatingIncomeNetCashFlowCode>
      <debtServiceCoverageNetOperatingIncomeSecuritizationPercentage>1.60</debtServiceCoverageNetOperatingIncomeSecuritizationPercentage>
      <debtServiceCoverageNetCashFlowSecuritizationPercentage>1.54</debtServiceCoverageNetCashFlowSecuritizationPercentage>
      <debtServiceCoverageSecuritizationCode>F</debtServiceCoverageSecuritizationCode>
    </property>
    <assetAddedIndicator>false</assetAddedIndicator>
    <reportPeriodModificationIndicator>false</reportPeriodModificationIndicator>
    <reportPeriodBeginningScheduleLoanBalanceAmount>9000000.00</reportPeriodBeginningScheduleLoanBalanceAmount>
    <totalScheduledPrincipalInterestDueAmount>52110.00</totalScheduledPrincipalInterestDueAmount>
    <reportPeriodInterestRatePercentage>0.06948</reportPeriodInterestRatePercentage>
    <servicerTrusteeFeeRatePercentage>0.0002522</servicerTrusteeFeeRatePercentage>
    <scheduledInterestAmount>52110.00</scheduledInterestAmount>
    <scheduledPrincipalAmount>0.00</scheduledPrincipalAmount>
    <unscheduledPrincipalCollectedAmount>0.00</unscheduledPrincipalCollectedAmount>
    <reportPeriodEndActualBalanceAmount>9000000.00</reportPeriodEndActualBalanceAmount>
    <reportPeriodEndScheduledLoanBalanceAmount>9000000.00</reportPeriodEndScheduledLoanBalanceAmount>
    <paidThroughDate>05-01-2026</paidThroughDate>
    <servicingAdvanceMethodCode>1</servicingAdvanceMethodCode>
    <nonRecoverabilityIndicator>false</nonRecoverabilityIndicator>
    <totalPrincipalInterestAdvancedOutstandingAmount>0</totalPrincipalInterestAdvancedOutstandingAmount>
    <totalTaxesInsuranceAdvancesOutstandingAmount>0</totalTaxesInsuranceAdvancesOutstandingAmount>
    <otherExpensesAdvancedOutstandingAmount>0</otherExpensesAdvancedOutstandingAmount>
    <paymentStatusLoanCode>0</paymentStatusLoanCode>
    <nextInterestRatePercentage>0</nextInterestRatePercentage>
    <primaryServicerName>Trimont LLC</primaryServicerName>
    <assetSubjectDemandIndicator>false</assetSubjectDemandIndicator>
  </assets>
  <assets>
    <assetTypeNumber>Prospectus Loan ID</assetTypeNumber>
    <assetNumber>21</assetNumber>
    <reportingPeriodBeginningDate>04-14-2026</reportingPeriodBeginningDate>
    <reportingPeriodEndDate>05-11-2026</reportingPeriodEndDate>
    <originatorName>BANA</originatorName>
    <originationDate>03-26-2025</originationDate>
    <originalLoanAmount>8960000.00</originalLoanAmount>
    <originalTermLoanNumber>60</originalTermLoanNumber>
    <maturityDate>04-01-2030</maturityDate>
    <originalInterestRatePercentage>0.06432</originalInterestRatePercentage>
    <interestRateSecuritizationPercentage>0.06432</interestRateSecuritizationPercentage>
    <interestAccrualMethodCode>3</interestAccrualMethodCode>
    <originalInterestRateTypeCode>1</originalInterestRateTypeCode>
    <originalInterestOnlyTermNumber>60</originalInterestOnlyTermNumber>
    <firstLoanPaymentDueDate>05-01-2025</firstLoanPaymentDueDate>
    <underwritingIndicator>true</underwritingIndicator>
    <lienPositionSecuritizationCode>1</lienPositionSecuritizationCode>
    <loanStructureCode>WL</loanStructureCode>
    <paymentTypeCode>3</paymentTypeCode>
    <periodicPrincipalAndInterestPaymentSecuritizationAmount>48025.60</periodicPrincipalAndInterestPaymentSecuritizationAmount>
    <scheduledPrincipalBalanceSecuritizationAmount>8960000.00</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>09-30-2029</prepaymentLockOutEndDate>
    <property>
      <propertyName>PRADO HOUSE APARTMENTS AND RETAIL</propertyName>
      <propertyAddress>24452 DEL PRADO AVENUE</propertyAddress>
      <propertyCity>Dana Point</propertyCity>
      <propertyState>CA</propertyState>
      <propertyZip>92629</propertyZip>
      <propertyCounty>Orange</propertyCounty>
      <propertyTypeCode>MU</propertyTypeCode>
      <unitsBedsRoomsNumber>25</unitsBedsRoomsNumber>
      <unitsBedsRoomsSecuritizationNumber>25</unitsBedsRoomsSecuritizationNumber>
      <yearBuiltNumber>1947</yearBuiltNumber>
      <yearLastRenovated>2024</yearLastRenovated>
      <valuationSecuritizationAmount>17350000.00</valuationSecuritizationAmount>
      <valuationSourceSecuritizationCode>MAI</valuationSourceSecuritizationCode>
      <valuationSecuritizationDate>03-22-2025</valuationSecuritizationDate>
      <physicalOccupancySecuritizationPercentage>1</physicalOccupancySecuritizationPercentage>
      <propertyStatusCode>6</propertyStatusCode>
      <defeasanceOptionStartDate>08-01-2027</defeasanceOptionStartDate>
      <DefeasedStatusCode>N</DefeasedStatusCode>
      <largestTenant>JACKS RESTAURANT INC</largestTenant>
      <squareFeetLargestTenantNumber>3372</squareFeetLargestTenantNumber>
      <leaseExpirationLargestTenantDate>12-31-2028</leaseExpirationLargestTenantDate>
      <secondLargestTenant>HOM DANA POINT LTD</secondLargestTenant>
      <squareFeetSecondLargestTenantNumber>1540</squareFeetSecondLargestTenantNumber>
      <leaseExpirationSecondLargestTenantDate>03-31-2026</leaseExpirationSecondLargestTenantDate>
      <thirdLargestTenant>WIN INVESTMENTS LP-COURTYARD</thirdLargestTenant>
      <squareFeetThirdLargestTenantNumber>0</squareFeetThirdLargestTenantNumber>
      <leaseExpirationThirdLargestTenantDate>03-27-2035</leaseExpirationThirdLargestTenantDate>
      <financialsSecuritizationDate>03-31-2025</financialsSecuritizationDate>
      <revenueSecuritizationAmount>1146311.00</revenueSecuritizationAmount>
      <operatingExpensesSecuritizationAmount>321244.00</operatingExpensesSecuritizationAmount>
      <netOperatingIncomeSecuritizationAmount>825067.00</netOperatingIncomeSecuritizationAmount>
      <netCashFlowFlowSecuritizationAmount>818335.00</netCashFlowFlowSecuritizationAmount>
      <netOperatingIncomeNetCashFlowSecuritizationCode>UW</netOperatingIncomeNetCashFlowSecuritizationCode>
      <netOperatingIncomeNetCashFlowCode>CREFC</netOperatingIncomeNetCashFlowCode>
      <debtServiceCoverageNetOperatingIncomeSecuritizationPercentage>1.41</debtServiceCoverageNetOperatingIncomeSecuritizationPercentage>
      <debtServiceCoverageNetCashFlowSecuritizationPercentage>1.40</debtServiceCoverageNetCashFlowSecuritizationPercentage>
      <debtServiceCoverageSecuritizationCode>F</debtServiceCoverageSecuritizationCode>
    </property>
    <assetAddedIndicator>false</assetAddedIndicator>
    <reportPeriodModificationIndicator>false</reportPeriodModificationIndicator>
    <reportPeriodBeginningScheduleLoanBalanceAmount>8960000.00</reportPeriodBeginningScheduleLoanBalanceAmount>
    <totalScheduledPrincipalInterestDueAmount>48025.60</totalScheduledPrincipalInterestDueAmount>
    <reportPeriodInterestRatePercentage>0.06432</reportPeriodInterestRatePercentage>
    <servicerTrusteeFeeRatePercentage>0.0007272</servicerTrusteeFeeRatePercentage>
    <scheduledInterestAmount>48025.60</scheduledInterestAmount>
    <scheduledPrincipalAmount>0.00</scheduledPrincipalAmount>
    <unscheduledPrincipalCollectedAmount>0.00</unscheduledPrincipalCollectedAmount>
    <reportPeriodEndActualBalanceAmount>8960000.00</reportPeriodEndActualBalanceAmount>
    <reportPeriodEndScheduledLoanBalanceAmount>8960000.00</reportPeriodEndScheduledLoanBalanceAmount>
    <paidThroughDate>05-01-2026</paidThroughDate>
    <servicingAdvanceMethodCode>1</servicingAdvanceMethodCode>
    <nonRecoverabilityIndicator>false</nonRecoverabilityIndicator>
    <totalPrincipalInterestAdvancedOutstandingAmount>0</totalPrincipalInterestAdvancedOutstandingAmount>
    <totalTaxesInsuranceAdvancesOutstandingAmount>0</totalTaxesInsuranceAdvancesOutstandingAmount>
    <otherExpensesAdvancedOutstandingAmount>0</otherExpensesAdvancedOutstandingAmount>
    <paymentStatusLoanCode>0</paymentStatusLoanCode>
    <nextInterestRatePercentage>0</nextInterestRatePercentage>
    <primaryServicerName>Trimont LLC</primaryServicerName>
    <assetSubjectDemandIndicator>false</assetSubjectDemandIndicator>
  </assets>
  <assets>
    <assetTypeNumber>Prospectus Loan ID</assetTypeNumber>
    <assetNumber>22</assetNumber>
    <reportingPeriodBeginningDate>04-14-2026</reportingPeriodBeginningDate>
    <reportingPeriodEndDate>05-11-2026</reportingPeriodEndDate>
    <originatorName>BANA</originatorName>
    <originationDate>06-13-2025</originationDate>
    <originalLoanAmount>8200000.00</originalLoanAmount>
    <originalTermLoanNumber>60</originalTermLoanNumber>
    <maturityDate>07-01-2030</maturityDate>
    <originalInterestRatePercentage>0.06384</originalInterestRatePercentage>
    <interestRateSecuritizationPercentage>0.06384</interestRateSecuritizationPercentage>
    <interestAccrualMethodCode>3</interestAccrualMethodCode>
    <originalInterestRateTypeCode>1</originalInterestRateTypeCode>
    <originalInterestOnlyTermNumber>60</originalInterestOnlyTermNumber>
    <firstLoanPaymentDueDate>08-01-2025</firstLoanPaymentDueDate>
    <underwritingIndicator>true</underwritingIndicator>
    <lienPositionSecuritizationCode>1</lienPositionSecuritizationCode>
    <loanStructureCode>WL</loanStructureCode>
    <paymentTypeCode>3</paymentTypeCode>
    <periodicPrincipalAndInterestPaymentSecuritizationAmount>0.00</periodicPrincipalAndInterestPaymentSecuritizationAmount>
    <scheduledPrincipalBalanceSecuritizationAmount>8200000.00</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>03-31-2030</prepaymentLockOutEndDate>
    <property>
      <propertyName>JD YARNELL INDUSTRIAL</propertyName>
      <propertyAddress>320 JD YARNELL INDUSTRIAL PARKWAY</propertyAddress>
      <propertyCity>Clinton</propertyCity>
      <propertyState>TN</propertyState>
      <propertyZip>37716</propertyZip>
      <propertyCounty>Anderson</propertyCounty>
      <propertyTypeCode>IN</propertyTypeCode>
      <netRentableSquareFeetNumber>192000</netRentableSquareFeetNumber>
      <netRentableSquareFeetSecuritizationNumber>192000</netRentableSquareFeetSecuritizationNumber>
      <yearBuiltNumber>1967</yearBuiltNumber>
      <yearLastRenovated>1980</yearLastRenovated>
      <valuationSecuritizationAmount>12200000.00</valuationSecuritizationAmount>
      <valuationSourceSecuritizationCode>MAI</valuationSourceSecuritizationCode>
      <valuationSecuritizationDate>05-12-2025</valuationSecuritizationDate>
      <physicalOccupancySecuritizationPercentage>1</physicalOccupancySecuritizationPercentage>
      <mostRecentPhysicalOccupancyPercentage>1</mostRecentPhysicalOccupancyPercentage>
      <propertyStatusCode>6</propertyStatusCode>
      <defeasanceOptionStartDate>08-01-2027</defeasanceOptionStartDate>
      <DefeasedStatusCode>N</DefeasedStatusCode>
      <largestTenant>ENERGY SOLUTIONS</largestTenant>
      <squareFeetLargestTenantNumber>192000</squareFeetLargestTenantNumber>
      <leaseExpirationLargestTenantDate>06-13-2045</leaseExpirationLargestTenantDate>
      <mostRecentFinancialsStartDate>12-31-2024</mostRecentFinancialsStartDate>
      <mostRecentFinancialsEndDate>12-31-2025</mostRecentFinancialsEndDate>
      <revenueSecuritizationAmount>888060.00</revenueSecuritizationAmount>
      <mostRecentRevenueAmount>912000.00</mostRecentRevenueAmount>
      <operatingExpensesSecuritizationAmount>37341.80</operatingExpensesSecuritizationAmount>
      <operatingExpensesAmount>38060.00</operatingExpensesAmount>
      <netOperatingIncomeSecuritizationAmount>850718.20</netOperatingIncomeSecuritizationAmount>
      <mostRecentNetOperatingIncomeAmount>873940.00</mostRecentNetOperatingIncomeAmount>
      <netCashFlowFlowSecuritizationAmount>787218.20</netCashFlowFlowSecuritizationAmount>
      <mostRecentNetCashFlowAmount>810440.00</mostRecentNetCashFlowAmount>
      <netOperatingIncomeNetCashFlowSecuritizationCode>UW</netOperatingIncomeNetCashFlowSecuritizationCode>
      <netOperatingIncomeNetCashFlowCode>CREFC</netOperatingIncomeNetCashFlowCode>
      <mostRecentDebtServiceAmount>530758.67</mostRecentDebtServiceAmount>
      <debtServiceCoverageNetOperatingIncomeSecuritizationPercentage>1.60</debtServiceCoverageNetOperatingIncomeSecuritizationPercentage>
      <mostRecentDebtServiceCoverageNetOperatingIncomePercentage>1.6465</mostRecentDebtServiceCoverageNetOperatingIncomePercentage>
      <debtServiceCoverageNetCashFlowSecuritizationPercentage>1.48</debtServiceCoverageNetCashFlowSecuritizationPercentage>
      <mostRecentDebtServiceCoverageNetCashFlowpercentage>1.5269</mostRecentDebtServiceCoverageNetCashFlowpercentage>
      <debtServiceCoverageSecuritizationCode>F</debtServiceCoverageSecuritizationCode>
      <mostRecentDebtServiceCoverageCode>F</mostRecentDebtServiceCoverageCode>
      <mostRecentAnnualLeaseRolloverReviewDate>12-31-2025</mostRecentAnnualLeaseRolloverReviewDate>
    </property>
    <assetAddedIndicator>false</assetAddedIndicator>
    <reportPeriodModificationIndicator>false</reportPeriodModificationIndicator>
    <reportPeriodBeginningScheduleLoanBalanceAmount>8200000.00</reportPeriodBeginningScheduleLoanBalanceAmount>
    <totalScheduledPrincipalInterestDueAmount>43624.00</totalScheduledPrincipalInterestDueAmount>
    <reportPeriodInterestRatePercentage>0.06384</reportPeriodInterestRatePercentage>
    <servicerTrusteeFeeRatePercentage>0.0002522</servicerTrusteeFeeRatePercentage>
    <scheduledInterestAmount>43624.00</scheduledInterestAmount>
    <scheduledPrincipalAmount>0.00</scheduledPrincipalAmount>
    <unscheduledPrincipalCollectedAmount>0.00</unscheduledPrincipalCollectedAmount>
    <reportPeriodEndActualBalanceAmount>8200000.00</reportPeriodEndActualBalanceAmount>
    <reportPeriodEndScheduledLoanBalanceAmount>8200000.00</reportPeriodEndScheduledLoanBalanceAmount>
    <paidThroughDate>05-01-2026</paidThroughDate>
    <servicingAdvanceMethodCode>1</servicingAdvanceMethodCode>
    <nonRecoverabilityIndicator>false</nonRecoverabilityIndicator>
    <totalPrincipalInterestAdvancedOutstandingAmount>0</totalPrincipalInterestAdvancedOutstandingAmount>
    <totalTaxesInsuranceAdvancesOutstandingAmount>0</totalTaxesInsuranceAdvancesOutstandingAmount>
    <otherExpensesAdvancedOutstandingAmount>0</otherExpensesAdvancedOutstandingAmount>
    <paymentStatusLoanCode>0</paymentStatusLoanCode>
    <nextInterestRatePercentage>0</nextInterestRatePercentage>
    <primaryServicerName>Trimont LLC</primaryServicerName>
    <assetSubjectDemandIndicator>false</assetSubjectDemandIndicator>
  </assets>
  <assets>
    <assetTypeNumber>Prospectus Loan ID</assetTypeNumber>
    <assetNumber>23</assetNumber>
    <reportingPeriodBeginningDate>04-14-2026</reportingPeriodBeginningDate>
    <reportingPeriodEndDate>05-11-2026</reportingPeriodEndDate>
    <originatorName>BANA</originatorName>
    <originationDate>05-14-2025</originationDate>
    <originalLoanAmount>7163000.00</originalLoanAmount>
    <originalTermLoanNumber>60</originalTermLoanNumber>
    <maturityDate>06-01-2030</maturityDate>
    <originalInterestRatePercentage>0.06312</originalInterestRatePercentage>
    <interestRateSecuritizationPercentage>0.06312</interestRateSecuritizationPercentage>
    <interestAccrualMethodCode>3</interestAccrualMethodCode>
    <originalInterestRateTypeCode>1</originalInterestRateTypeCode>
    <originalInterestOnlyTermNumber>60</originalInterestOnlyTermNumber>
    <firstLoanPaymentDueDate>07-01-2025</firstLoanPaymentDueDate>
    <underwritingIndicator>true</underwritingIndicator>
    <lienPositionSecuritizationCode>1</lienPositionSecuritizationCode>
    <loanStructureCode>WL</loanStructureCode>
    <paymentTypeCode>3</paymentTypeCode>
    <periodicPrincipalAndInterestPaymentSecuritizationAmount>37677.38</periodicPrincipalAndInterestPaymentSecuritizationAmount>
    <scheduledPrincipalBalanceSecuritizationAmount>7163000.00</scheduledPrincipalBalanceSecuritizationAmount>
    <paymentFrequencyCode>1</paymentFrequencyCode>
    <NumberPropertiesSecuritization>2</NumberPropertiesSecuritization>
    <NumberProperties>2</NumberProperties>
    <graceDaysAllowedNumber>5</graceDaysAllowedNumber>
    <interestOnlyIndicator>true</interestOnlyIndicator>
    <balloonIndicator>true</balloonIndicator>
    <prepaymentPremiumIndicator>false</prepaymentPremiumIndicator>
    <negativeAmortizationIndicator>false</negativeAmortizationIndicator>
    <modifiedIndicator>false</modifiedIndicator>
    <prepaymentLockOutEndDate>11-30-2029</prepaymentLockOutEndDate>
    <property>
      <propertyName>Silver Dollar Storage Portfolio</propertyName>
      <propertyCity>San Angelo</propertyCity>
      <propertyState>TX</propertyState>
      <propertyCounty>Tom Green</propertyCounty>
      <propertyTypeCode>SS</propertyTypeCode>
      <netRentableSquareFeetSecuritizationNumber>168180</netRentableSquareFeetSecuritizationNumber>
      <unitsBedsRoomsNumber>722</unitsBedsRoomsNumber>
      <unitsBedsRoomsSecuritizationNumber>722</unitsBedsRoomsSecuritizationNumber>
      <valuationSecuritizationAmount>11020000.00</valuationSecuritizationAmount>
      <valuationSecuritizationDate>02-17-2025</valuationSecuritizationDate>
      <physicalOccupancySecuritizationPercentage>0.81</physicalOccupancySecuritizationPercentage>
      <mostRecentPhysicalOccupancyPercentage>0.8</mostRecentPhysicalOccupancyPercentage>
      <defeasanceOptionStartDate>08-01-2027</defeasanceOptionStartDate>
      <DefeasedStatusCode>N</DefeasedStatusCode>
      <financialsSecuritizationDate>03-31-2025</financialsSecuritizationDate>
      <mostRecentFinancialsStartDate>01-01-2026</mostRecentFinancialsStartDate>
      <mostRecentFinancialsEndDate>03-31-2026</mostRecentFinancialsEndDate>
      <revenueSecuritizationAmount>1170282.62</revenueSecuritizationAmount>
      <mostRecentRevenueAmount>297951.00</mostRecentRevenueAmount>
      <operatingExpensesSecuritizationAmount>465958.99</operatingExpensesSecuritizationAmount>
      <operatingExpensesAmount>96282.06</operatingExpensesAmount>
      <netOperatingIncomeSecuritizationAmount>704323.63</netOperatingIncomeSecuritizationAmount>
      <mostRecentNetOperatingIncomeAmount>201668.94</mostRecentNetOperatingIncomeAmount>
      <netCashFlowFlowSecuritizationAmount>687196.70</netCashFlowFlowSecuritizationAmount>
      <mostRecentNetCashFlowAmount>197387.21</mostRecentNetCashFlowAmount>
      <netOperatingIncomeNetCashFlowSecuritizationCode>UW</netOperatingIncomeNetCashFlowSecuritizationCode>
      <mostRecentDebtServiceAmount>113032.13</mostRecentDebtServiceAmount>
      <debtServiceCoverageNetOperatingIncomeSecuritizationPercentage>1.54</debtServiceCoverageNetOperatingIncomeSecuritizationPercentage>
      <mostRecentDebtServiceCoverageNetOperatingIncomePercentage>1.7841</mostRecentDebtServiceCoverageNetOperatingIncomePercentage>
      <debtServiceCoverageNetCashFlowSecuritizationPercentage>1.50</debtServiceCoverageNetCashFlowSecuritizationPercentage>
      <mostRecentDebtServiceCoverageNetCashFlowpercentage>1.7462</mostRecentDebtServiceCoverageNetCashFlowpercentage>
      <debtServiceCoverageSecuritizationCode>F</debtServiceCoverageSecuritizationCode>
      <mostRecentDebtServiceCoverageCode>F</mostRecentDebtServiceCoverageCode>
    </property>
    <assetAddedIndicator>false</assetAddedIndicator>
    <reportPeriodModificationIndicator>false</reportPeriodModificationIndicator>
    <reportPeriodBeginningScheduleLoanBalanceAmount>7163000.00</reportPeriodBeginningScheduleLoanBalanceAmount>
    <totalScheduledPrincipalInterestDueAmount>37677.38</totalScheduledPrincipalInterestDueAmount>
    <reportPeriodInterestRatePercentage>0.06312</reportPeriodInterestRatePercentage>
    <servicerTrusteeFeeRatePercentage>0.0002522</servicerTrusteeFeeRatePercentage>
    <scheduledInterestAmount>37677.38</scheduledInterestAmount>
    <scheduledPrincipalAmount>0.00</scheduledPrincipalAmount>
    <unscheduledPrincipalCollectedAmount>0.00</unscheduledPrincipalCollectedAmount>
    <reportPeriodEndActualBalanceAmount>7163000.00</reportPeriodEndActualBalanceAmount>
    <reportPeriodEndScheduledLoanBalanceAmount>7163000.00</reportPeriodEndScheduledLoanBalanceAmount>
    <paidThroughDate>05-01-2026</paidThroughDate>
    <servicingAdvanceMethodCode>1</servicingAdvanceMethodCode>
    <nonRecoverabilityIndicator>false</nonRecoverabilityIndicator>
    <totalPrincipalInterestAdvancedOutstandingAmount>0</totalPrincipalInterestAdvancedOutstandingAmount>
    <totalTaxesInsuranceAdvancesOutstandingAmount>0</totalTaxesInsuranceAdvancesOutstandingAmount>
    <otherExpensesAdvancedOutstandingAmount>0</otherExpensesAdvancedOutstandingAmount>
    <paymentStatusLoanCode>0</paymentStatusLoanCode>
    <nextInterestRatePercentage>0</nextInterestRatePercentage>
    <primaryServicerName>Trimont LLC</primaryServicerName>
    <assetSubjectDemandIndicator>false</assetSubjectDemandIndicator>
  </assets>
  <assets>
    <assetTypeNumber>Prospectus Loan ID</assetTypeNumber>
    <assetNumber>23-001</assetNumber>
    <reportingPeriodBeginningDate>04-14-2026</reportingPeriodBeginningDate>
    <reportingPeriodEndDate>05-11-2026</reportingPeriodEndDate>
    <property>
      <propertyName>SILVER DOLLAR LOOP 306</propertyName>
      <propertyAddress>1303 WEST LOOP 306</propertyAddress>
      <propertyCity>San Angelo</propertyCity>
      <propertyState>TX</propertyState>
      <propertyZip>76904</propertyZip>
      <propertyCounty>Tom Green</propertyCounty>
      <propertyTypeCode>SS</propertyTypeCode>
      <netRentableSquareFeetNumber>95380</netRentableSquareFeetNumber>
      <netRentableSquareFeetSecuritizationNumber>95380</netRentableSquareFeetSecuritizationNumber>
      <unitsBedsRoomsNumber>534</unitsBedsRoomsNumber>
      <unitsBedsRoomsSecuritizationNumber>534</unitsBedsRoomsSecuritizationNumber>
      <yearBuiltNumber>2005</yearBuiltNumber>
      <valuationSecuritizationAmount>8550000.00</valuationSecuritizationAmount>
      <valuationSourceSecuritizationCode>MAI</valuationSourceSecuritizationCode>
      <valuationSecuritizationDate>02-17-2025</valuationSecuritizationDate>
      <physicalOccupancySecuritizationPercentage>0.9</physicalOccupancySecuritizationPercentage>
      <mostRecentPhysicalOccupancyPercentage>0.84</mostRecentPhysicalOccupancyPercentage>
      <propertyStatusCode>6</propertyStatusCode>
      <financialsSecuritizationDate>03-31-2025</financialsSecuritizationDate>
      <mostRecentFinancialsStartDate>01-01-2026</mostRecentFinancialsStartDate>
      <mostRecentFinancialsEndDate>03-31-2026</mostRecentFinancialsEndDate>
      <revenueSecuritizationAmount>902289.62</revenueSecuritizationAmount>
      <mostRecentRevenueAmount>297951.00</mostRecentRevenueAmount>
      <operatingExpensesSecuritizationAmount>296363.54</operatingExpensesSecuritizationAmount>
      <operatingExpensesAmount>96282.06</operatingExpensesAmount>
      <netOperatingIncomeSecuritizationAmount>605926.08</netOperatingIncomeSecuritizationAmount>
      <mostRecentNetOperatingIncomeAmount>201668.94</mostRecentNetOperatingIncomeAmount>
      <netCashFlowFlowSecuritizationAmount>591619.15</netCashFlowFlowSecuritizationAmount>
      <mostRecentNetCashFlowAmount>197387.21</mostRecentNetCashFlowAmount>
      <netOperatingIncomeNetCashFlowSecuritizationCode>UW</netOperatingIncomeNetCashFlowSecuritizationCode>
      <netOperatingIncomeNetCashFlowCode>CREFC</netOperatingIncomeNetCashFlowCode>
      <mostRecentDebtServiceAmount>113032.13</mostRecentDebtServiceAmount>
      <mostRecentDebtServiceCoverageNetOperatingIncomePercentage>1.7841</mostRecentDebtServiceCoverageNetOperatingIncomePercentage>
      <mostRecentDebtServiceCoverageNetCashFlowpercentage>1.7462</mostRecentDebtServiceCoverageNetCashFlowpercentage>
      <mostRecentDebtServiceCoverageCode>F</mostRecentDebtServiceCoverageCode>
      <mostRecentAnnualLeaseRolloverReviewDate>04-30-2025</mostRecentAnnualLeaseRolloverReviewDate>
    </property>
    <assetAddedIndicator>false</assetAddedIndicator>
  </assets>
  <assets>
    <assetTypeNumber>Prospectus Loan ID</assetTypeNumber>
    <assetNumber>23-002</assetNumber>
    <reportingPeriodBeginningDate>04-14-2026</reportingPeriodBeginningDate>
    <reportingPeriodEndDate>05-11-2026</reportingPeriodEndDate>
    <property>
      <propertyName>SILVER DOLLAR KNICKERBOCKER</propertyName>
      <propertyAddress>7466 KNICKERBOCKER ROAD</propertyAddress>
      <propertyCity>San Angelo</propertyCity>
      <propertyState>TX</propertyState>
      <propertyZip>76904</propertyZip>
      <propertyCounty>Tom Green</propertyCounty>
      <propertyTypeCode>SS</propertyTypeCode>
      <netRentableSquareFeetNumber>72800</netRentableSquareFeetNumber>
      <netRentableSquareFeetSecuritizationNumber>72800</netRentableSquareFeetSecuritizationNumber>
      <unitsBedsRoomsNumber>188</unitsBedsRoomsNumber>
      <unitsBedsRoomsSecuritizationNumber>188</unitsBedsRoomsSecuritizationNumber>
      <yearBuiltNumber>2020</yearBuiltNumber>
      <valuationSecuritizationAmount>2470000.00</valuationSecuritizationAmount>
      <valuationSourceSecuritizationCode>MAI</valuationSourceSecuritizationCode>
      <valuationSecuritizationDate>02-17-2025</valuationSecuritizationDate>
      <physicalOccupancySecuritizationPercentage>0.69</physicalOccupancySecuritizationPercentage>
      <mostRecentPhysicalOccupancyPercentage>0.71</mostRecentPhysicalOccupancyPercentage>
      <propertyStatusCode>6</propertyStatusCode>
      <financialsSecuritizationDate>03-31-2025</financialsSecuritizationDate>
      <mostRecentFinancialsStartDate>01-01-2026</mostRecentFinancialsStartDate>
      <mostRecentFinancialsEndDate>03-31-2026</mostRecentFinancialsEndDate>
      <revenueSecuritizationAmount>267993.00</revenueSecuritizationAmount>
      <mostRecentRevenueAmount>0.00</mostRecentRevenueAmount>
      <operatingExpensesSecuritizationAmount>169595.45</operatingExpensesSecuritizationAmount>
      <operatingExpensesAmount>0.00</operatingExpensesAmount>
      <netOperatingIncomeSecuritizationAmount>98397.55</netOperatingIncomeSecuritizationAmount>
      <mostRecentNetOperatingIncomeAmount>0.00</mostRecentNetOperatingIncomeAmount>
      <netCashFlowFlowSecuritizationAmount>95577.55</netCashFlowFlowSecuritizationAmount>
      <mostRecentNetCashFlowAmount>0.00</mostRecentNetCashFlowAmount>
      <netOperatingIncomeNetCashFlowSecuritizationCode>UW</netOperatingIncomeNetCashFlowSecuritizationCode>
      <netOperatingIncomeNetCashFlowCode>CREFC</netOperatingIncomeNetCashFlowCode>
      <mostRecentDebtServiceAmount>0.00</mostRecentDebtServiceAmount>
      <mostRecentDebtServiceCoverageNetOperatingIncomePercentage>0.00</mostRecentDebtServiceCoverageNetOperatingIncomePercentage>
      <mostRecentDebtServiceCoverageCode>C</mostRecentDebtServiceCoverageCode>
      <mostRecentAnnualLeaseRolloverReviewDate>04-30-2025</mostRecentAnnualLeaseRolloverReviewDate>
    </property>
    <assetAddedIndicator>false</assetAddedIndicator>
  </assets>
  <assets>
    <assetTypeNumber>Prospectus Loan ID</assetTypeNumber>
    <assetNumber>24</assetNumber>
    <reportingPeriodBeginningDate>04-14-2026</reportingPeriodBeginningDate>
    <reportingPeriodEndDate>05-11-2026</reportingPeriodEndDate>
    <originatorName>BANA</originatorName>
    <originationDate>05-20-2025</originationDate>
    <originalLoanAmount>6350000.00</originalLoanAmount>
    <originalTermLoanNumber>60</originalTermLoanNumber>
    <maturityDate>06-01-2030</maturityDate>
    <originalInterestRatePercentage>0.06132</originalInterestRatePercentage>
    <interestRateSecuritizationPercentage>0.06132</interestRateSecuritizationPercentage>
    <interestAccrualMethodCode>3</interestAccrualMethodCode>
    <originalInterestRateTypeCode>1</originalInterestRateTypeCode>
    <originalInterestOnlyTermNumber>60</originalInterestOnlyTermNumber>
    <firstLoanPaymentDueDate>07-01-2025</firstLoanPaymentDueDate>
    <underwritingIndicator>true</underwritingIndicator>
    <lienPositionSecuritizationCode>1</lienPositionSecuritizationCode>
    <loanStructureCode>WL</loanStructureCode>
    <paymentTypeCode>3</paymentTypeCode>
    <periodicPrincipalAndInterestPaymentSecuritizationAmount>32448.50</periodicPrincipalAndInterestPaymentSecuritizationAmount>
    <scheduledPrincipalBalanceSecuritizationAmount>6350000.00</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>11-30-2029</prepaymentLockOutEndDate>
    <property>
      <propertyName>CITYLINE COLONIAL APARTMENTS</propertyName>
      <propertyAddress>6 NORTH LOCUST AVENUE</propertyAddress>
      <propertyCity>Marlton</propertyCity>
      <propertyState>NJ</propertyState>
      <propertyZip>08053</propertyZip>
      <propertyCounty>Burlington</propertyCounty>
      <propertyTypeCode>MF</propertyTypeCode>
      <unitsBedsRoomsNumber>40</unitsBedsRoomsNumber>
      <unitsBedsRoomsSecuritizationNumber>40</unitsBedsRoomsSecuritizationNumber>
      <yearBuiltNumber>1971</yearBuiltNumber>
      <valuationSecuritizationAmount>9100000.00</valuationSecuritizationAmount>
      <valuationSourceSecuritizationCode>MAI</valuationSourceSecuritizationCode>
      <valuationSecuritizationDate>03-11-2025</valuationSecuritizationDate>
      <physicalOccupancySecuritizationPercentage>0.98</physicalOccupancySecuritizationPercentage>
      <propertyStatusCode>6</propertyStatusCode>
      <defeasanceOptionStartDate>08-01-2027</defeasanceOptionStartDate>
      <DefeasedStatusCode>N</DefeasedStatusCode>
      <financialsSecuritizationDate>03-31-2025</financialsSecuritizationDate>
      <revenueSecuritizationAmount>789394.27</revenueSecuritizationAmount>
      <operatingExpensesSecuritizationAmount>223070.83</operatingExpensesSecuritizationAmount>
      <netOperatingIncomeSecuritizationAmount>566323.44</netOperatingIncomeSecuritizationAmount>
      <netCashFlowFlowSecuritizationAmount>556323.44</netCashFlowFlowSecuritizationAmount>
      <netOperatingIncomeNetCashFlowSecuritizationCode>UW</netOperatingIncomeNetCashFlowSecuritizationCode>
      <netOperatingIncomeNetCashFlowCode>CREFC</netOperatingIncomeNetCashFlowCode>
      <debtServiceCoverageNetOperatingIncomeSecuritizationPercentage>1.43</debtServiceCoverageNetOperatingIncomeSecuritizationPercentage>
      <debtServiceCoverageNetCashFlowSecuritizationPercentage>1.41</debtServiceCoverageNetCashFlowSecuritizationPercentage>
      <debtServiceCoverageSecuritizationCode>F</debtServiceCoverageSecuritizationCode>
    </property>
    <assetAddedIndicator>false</assetAddedIndicator>
    <reportPeriodModificationIndicator>false</reportPeriodModificationIndicator>
    <reportPeriodBeginningScheduleLoanBalanceAmount>6350000.00</reportPeriodBeginningScheduleLoanBalanceAmount>
    <totalScheduledPrincipalInterestDueAmount>32448.50</totalScheduledPrincipalInterestDueAmount>
    <reportPeriodInterestRatePercentage>0.06132</reportPeriodInterestRatePercentage>
    <servicerTrusteeFeeRatePercentage>0.0002522</servicerTrusteeFeeRatePercentage>
    <scheduledInterestAmount>32448.50</scheduledInterestAmount>
    <scheduledPrincipalAmount>0.00</scheduledPrincipalAmount>
    <unscheduledPrincipalCollectedAmount>0.00</unscheduledPrincipalCollectedAmount>
    <reportPeriodEndActualBalanceAmount>6350000.00</reportPeriodEndActualBalanceAmount>
    <reportPeriodEndScheduledLoanBalanceAmount>6350000.00</reportPeriodEndScheduledLoanBalanceAmount>
    <paidThroughDate>05-01-2026</paidThroughDate>
    <servicingAdvanceMethodCode>1</servicingAdvanceMethodCode>
    <nonRecoverabilityIndicator>false</nonRecoverabilityIndicator>
    <totalPrincipalInterestAdvancedOutstandingAmount>0</totalPrincipalInterestAdvancedOutstandingAmount>
    <totalTaxesInsuranceAdvancesOutstandingAmount>0</totalTaxesInsuranceAdvancesOutstandingAmount>
    <otherExpensesAdvancedOutstandingAmount>0</otherExpensesAdvancedOutstandingAmount>
    <paymentStatusLoanCode>0</paymentStatusLoanCode>
    <nextInterestRatePercentage>0</nextInterestRatePercentage>
    <primaryServicerName>Trimont LLC</primaryServicerName>
    <assetSubjectDemandIndicator>false</assetSubjectDemandIndicator>
  </assets>
  <assets>
    <assetTypeNumber>Prospectus Loan ID</assetTypeNumber>
    <assetNumber>25</assetNumber>
    <reportingPeriodBeginningDate>04-14-2026</reportingPeriodBeginningDate>
    <reportingPeriodEndDate>05-11-2026</reportingPeriodEndDate>
    <originatorName>MSBNA</originatorName>
    <originationDate>05-14-2025</originationDate>
    <originalLoanAmount>5700000.00</originalLoanAmount>
    <originalTermLoanNumber>60</originalTermLoanNumber>
    <maturityDate>06-01-2030</maturityDate>
    <originalInterestRatePercentage>0.0729</originalInterestRatePercentage>
    <interestRateSecuritizationPercentage>0.0729</interestRateSecuritizationPercentage>
    <interestAccrualMethodCode>3</interestAccrualMethodCode>
    <originalInterestRateTypeCode>1</originalInterestRateTypeCode>
    <originalInterestOnlyTermNumber>60</originalInterestOnlyTermNumber>
    <firstLoanPaymentDueDate>07-01-2025</firstLoanPaymentDueDate>
    <underwritingIndicator>true</underwritingIndicator>
    <lienPositionSecuritizationCode>1</lienPositionSecuritizationCode>
    <loanStructureCode>WL</loanStructureCode>
    <paymentTypeCode>3</paymentTypeCode>
    <periodicPrincipalAndInterestPaymentSecuritizationAmount>34627.50</periodicPrincipalAndInterestPaymentSecuritizationAmount>
    <scheduledPrincipalBalanceSecuritizationAmount>5700000.00</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>05-31-2027</prepaymentLockOutEndDate>
    <yieldMaintenanceEndDate>11-30-2029</yieldMaintenanceEndDate>
    <prepaymentPremiumsEndDate>11-30-2029</prepaymentPremiumsEndDate>
    <property>
      <propertyName>SUNNY OAKS AND THE RESERVE RV PARK</propertyName>
      <propertyAddress>8654 AND 8406 NEW KINGS ROAD</propertyAddress>
      <propertyCity>Jacksonville</propertyCity>
      <propertyState>FL</propertyState>
      <propertyZip>32219</propertyZip>
      <propertyCounty>Duval</propertyCounty>
      <propertyTypeCode>MH</propertyTypeCode>
      <unitsBedsRoomsNumber>222</unitsBedsRoomsNumber>
      <unitsBedsRoomsSecuritizationNumber>222</unitsBedsRoomsSecuritizationNumber>
      <yearBuiltNumber>1970</yearBuiltNumber>
      <valuationSecuritizationAmount>11600000.00</valuationSecuritizationAmount>
      <valuationSourceSecuritizationCode>MAI</valuationSourceSecuritizationCode>
      <valuationSecuritizationDate>03-26-2025</valuationSecuritizationDate>
      <physicalOccupancySecuritizationPercentage>0.68</physicalOccupancySecuritizationPercentage>
      <mostRecentPhysicalOccupancyPercentage>0.64</mostRecentPhysicalOccupancyPercentage>
      <propertyStatusCode>6</propertyStatusCode>
      <DefeasedStatusCode>X</DefeasedStatusCode>
      <financialsSecuritizationDate>03-01-2025</financialsSecuritizationDate>
      <mostRecentFinancialsStartDate>01-01-2026</mostRecentFinancialsStartDate>
      <mostRecentFinancialsEndDate>03-31-2026</mostRecentFinancialsEndDate>
      <revenueSecuritizationAmount>1486782.09</revenueSecuritizationAmount>
      <mostRecentRevenueAmount>389964.00</mostRecentRevenueAmount>
      <operatingExpensesSecuritizationAmount>723811.95</operatingExpensesSecuritizationAmount>
      <operatingExpensesAmount>200277.67</operatingExpensesAmount>
      <netOperatingIncomeSecuritizationAmount>762970.14</netOperatingIncomeSecuritizationAmount>
      <mostRecentNetOperatingIncomeAmount>189686.33</mostRecentNetOperatingIncomeAmount>
      <netCashFlowFlowSecuritizationAmount>751870.14</netCashFlowFlowSecuritizationAmount>
      <mostRecentNetCashFlowAmount>186911.33</mostRecentNetCashFlowAmount>
      <netOperatingIncomeNetCashFlowSecuritizationCode>UW</netOperatingIncomeNetCashFlowSecuritizationCode>
      <netOperatingIncomeNetCashFlowCode>CREFC</netOperatingIncomeNetCashFlowCode>
      <mostRecentDebtServiceAmount>103882.50</mostRecentDebtServiceAmount>
      <debtServiceCoverageNetOperatingIncomeSecuritizationPercentage>1.81</debtServiceCoverageNetOperatingIncomeSecuritizationPercentage>
      <mostRecentDebtServiceCoverageNetOperatingIncomePercentage>1.8259</mostRecentDebtServiceCoverageNetOperatingIncomePercentage>
      <debtServiceCoverageNetCashFlowSecuritizationPercentage>1.78</debtServiceCoverageNetCashFlowSecuritizationPercentage>
      <mostRecentDebtServiceCoverageNetCashFlowpercentage>1.7992</mostRecentDebtServiceCoverageNetCashFlowpercentage>
      <debtServiceCoverageSecuritizationCode>F</debtServiceCoverageSecuritizationCode>
      <mostRecentDebtServiceCoverageCode>F</mostRecentDebtServiceCoverageCode>
    </property>
    <assetAddedIndicator>false</assetAddedIndicator>
    <reportPeriodModificationIndicator>false</reportPeriodModificationIndicator>
    <reportPeriodBeginningScheduleLoanBalanceAmount>5700000.00</reportPeriodBeginningScheduleLoanBalanceAmount>
    <totalScheduledPrincipalInterestDueAmount>34627.50</totalScheduledPrincipalInterestDueAmount>
    <reportPeriodInterestRatePercentage>0.0729</reportPeriodInterestRatePercentage>
    <servicerTrusteeFeeRatePercentage>0.0002522</servicerTrusteeFeeRatePercentage>
    <scheduledInterestAmount>34627.50</scheduledInterestAmount>
    <scheduledPrincipalAmount>0.00</scheduledPrincipalAmount>
    <unscheduledPrincipalCollectedAmount>0.00</unscheduledPrincipalCollectedAmount>
    <reportPeriodEndActualBalanceAmount>5700000.00</reportPeriodEndActualBalanceAmount>
    <reportPeriodEndScheduledLoanBalanceAmount>5700000.00</reportPeriodEndScheduledLoanBalanceAmount>
    <paidThroughDate>05-01-2026</paidThroughDate>
    <servicingAdvanceMethodCode>1</servicingAdvanceMethodCode>
    <nonRecoverabilityIndicator>false</nonRecoverabilityIndicator>
    <totalPrincipalInterestAdvancedOutstandingAmount>0</totalPrincipalInterestAdvancedOutstandingAmount>
    <totalTaxesInsuranceAdvancesOutstandingAmount>0</totalTaxesInsuranceAdvancesOutstandingAmount>
    <otherExpensesAdvancedOutstandingAmount>0</otherExpensesAdvancedOutstandingAmount>
    <paymentStatusLoanCode>0</paymentStatusLoanCode>
    <nextInterestRatePercentage>0</nextInterestRatePercentage>
    <primaryServicerName>Trimont LLC</primaryServicerName>
    <assetSubjectDemandIndicator>false</assetSubjectDemandIndicator>
  </assets>
  <assets>
    <assetTypeNumber>Prospectus Loan ID</assetTypeNumber>
    <assetNumber>26</assetNumber>
    <reportingPeriodBeginningDate>04-14-2026</reportingPeriodBeginningDate>
    <reportingPeriodEndDate>05-11-2026</reportingPeriodEndDate>
    <originatorName>MSBNA</originatorName>
    <originationDate>05-30-2025</originationDate>
    <originalLoanAmount>5700000.00</originalLoanAmount>
    <originalTermLoanNumber>60</originalTermLoanNumber>
    <maturityDate>06-01-2030</maturityDate>
    <originalInterestRatePercentage>0.0595</originalInterestRatePercentage>
    <interestRateSecuritizationPercentage>0.0595</interestRateSecuritizationPercentage>
    <interestAccrualMethodCode>3</interestAccrualMethodCode>
    <originalInterestRateTypeCode>1</originalInterestRateTypeCode>
    <originalInterestOnlyTermNumber>60</originalInterestOnlyTermNumber>
    <firstLoanPaymentDueDate>07-01-2025</firstLoanPaymentDueDate>
    <underwritingIndicator>true</underwritingIndicator>
    <lienPositionSecuritizationCode>1</lienPositionSecuritizationCode>
    <loanStructureCode>WL</loanStructureCode>
    <paymentTypeCode>3</paymentTypeCode>
    <periodicPrincipalAndInterestPaymentSecuritizationAmount>28262.50</periodicPrincipalAndInterestPaymentSecuritizationAmount>
    <scheduledPrincipalBalanceSecuritizationAmount>5700000.00</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>11-30-2029</prepaymentLockOutEndDate>
    <property>
      <propertyName>PRIME STORAGE EAST HAVEN</propertyName>
      <propertyAddress>625 MAIN STREET</propertyAddress>
      <propertyCity>East Haven</propertyCity>
      <propertyState>CT</propertyState>
      <propertyZip>06512</propertyZip>
      <propertyCounty>New Haven</propertyCounty>
      <propertyTypeCode>SS</propertyTypeCode>
      <netRentableSquareFeetNumber>33996</netRentableSquareFeetNumber>
      <netRentableSquareFeetSecuritizationNumber>33996</netRentableSquareFeetSecuritizationNumber>
      <unitsBedsRoomsNumber>231</unitsBedsRoomsNumber>
      <unitsBedsRoomsSecuritizationNumber>231</unitsBedsRoomsSecuritizationNumber>
      <yearBuiltNumber>2001</yearBuiltNumber>
      <valuationSecuritizationAmount>8300000.00</valuationSecuritizationAmount>
      <valuationSourceSecuritizationCode>MAI</valuationSourceSecuritizationCode>
      <valuationSecuritizationDate>04-11-2025</valuationSecuritizationDate>
      <physicalOccupancySecuritizationPercentage>0.83</physicalOccupancySecuritizationPercentage>
      <mostRecentPhysicalOccupancyPercentage>0.9</mostRecentPhysicalOccupancyPercentage>
      <propertyStatusCode>6</propertyStatusCode>
      <defeasanceOptionStartDate>08-01-2027</defeasanceOptionStartDate>
      <DefeasedStatusCode>N</DefeasedStatusCode>
      <financialsSecuritizationDate>03-31-2025</financialsSecuritizationDate>
      <mostRecentFinancialsStartDate>01-01-2026</mostRecentFinancialsStartDate>
      <mostRecentFinancialsEndDate>03-31-2026</mostRecentFinancialsEndDate>
      <revenueSecuritizationAmount>751613.50</revenueSecuritizationAmount>
      <mostRecentRevenueAmount>203233.00</mostRecentRevenueAmount>
      <operatingExpensesSecuritizationAmount>258770.53</operatingExpensesSecuritizationAmount>
      <operatingExpensesAmount>74678.49</operatingExpensesAmount>
      <netOperatingIncomeSecuritizationAmount>492842.98</netOperatingIncomeSecuritizationAmount>
      <mostRecentNetOperatingIncomeAmount>128554.51</mostRecentNetOperatingIncomeAmount>
      <netCashFlowFlowSecuritizationAmount>486813.66</netCashFlowFlowSecuritizationAmount>
      <mostRecentNetCashFlowAmount>127047.18</mostRecentNetCashFlowAmount>
      <netOperatingIncomeNetCashFlowSecuritizationCode>UW</netOperatingIncomeNetCashFlowSecuritizationCode>
      <netOperatingIncomeNetCashFlowCode>CREFC</netOperatingIncomeNetCashFlowCode>
      <mostRecentDebtServiceAmount>84787.00</mostRecentDebtServiceAmount>
      <debtServiceCoverageNetOperatingIncomeSecuritizationPercentage>1.43</debtServiceCoverageNetOperatingIncomeSecuritizationPercentage>
      <mostRecentDebtServiceCoverageNetOperatingIncomePercentage>1.5162</mostRecentDebtServiceCoverageNetOperatingIncomePercentage>
      <debtServiceCoverageNetCashFlowSecuritizationPercentage>1.42</debtServiceCoverageNetCashFlowSecuritizationPercentage>
      <mostRecentDebtServiceCoverageNetCashFlowpercentage>1.4984</mostRecentDebtServiceCoverageNetCashFlowpercentage>
      <debtServiceCoverageSecuritizationCode>F</debtServiceCoverageSecuritizationCode>
      <mostRecentDebtServiceCoverageCode>F</mostRecentDebtServiceCoverageCode>
    </property>
    <assetAddedIndicator>false</assetAddedIndicator>
    <reportPeriodModificationIndicator>false</reportPeriodModificationIndicator>
    <reportPeriodBeginningScheduleLoanBalanceAmount>5700000.00</reportPeriodBeginningScheduleLoanBalanceAmount>
    <totalScheduledPrincipalInterestDueAmount>28262.50</totalScheduledPrincipalInterestDueAmount>
    <reportPeriodInterestRatePercentage>0.0595</reportPeriodInterestRatePercentage>
    <servicerTrusteeFeeRatePercentage>0.0002522</servicerTrusteeFeeRatePercentage>
    <scheduledInterestAmount>28262.50</scheduledInterestAmount>
    <scheduledPrincipalAmount>0.00</scheduledPrincipalAmount>
    <unscheduledPrincipalCollectedAmount>0.00</unscheduledPrincipalCollectedAmount>
    <reportPeriodEndActualBalanceAmount>5700000.00</reportPeriodEndActualBalanceAmount>
    <reportPeriodEndScheduledLoanBalanceAmount>5700000.00</reportPeriodEndScheduledLoanBalanceAmount>
    <paidThroughDate>05-01-2026</paidThroughDate>
    <servicingAdvanceMethodCode>1</servicingAdvanceMethodCode>
    <nonRecoverabilityIndicator>false</nonRecoverabilityIndicator>
    <totalPrincipalInterestAdvancedOutstandingAmount>0</totalPrincipalInterestAdvancedOutstandingAmount>
    <totalTaxesInsuranceAdvancesOutstandingAmount>0</totalTaxesInsuranceAdvancesOutstandingAmount>
    <otherExpensesAdvancedOutstandingAmount>0</otherExpensesAdvancedOutstandingAmount>
    <paymentStatusLoanCode>0</paymentStatusLoanCode>
    <nextInterestRatePercentage>0</nextInterestRatePercentage>
    <primaryServicerName>Trimont LLC</primaryServicerName>
    <assetSubjectDemandIndicator>false</assetSubjectDemandIndicator>
  </assets>
  <assets>
    <assetTypeNumber>Prospectus Loan ID</assetTypeNumber>
    <assetNumber>27</assetNumber>
    <reportingPeriodBeginningDate>04-14-2026</reportingPeriodBeginningDate>
    <reportingPeriodEndDate>05-11-2026</reportingPeriodEndDate>
    <originatorName>BANA</originatorName>
    <originationDate>04-01-2025</originationDate>
    <originalLoanAmount>5522500.00</originalLoanAmount>
    <originalTermLoanNumber>60</originalTermLoanNumber>
    <maturityDate>04-01-2030</maturityDate>
    <originalAmortizationTermNumber>360</originalAmortizationTermNumber>
    <originalInterestRatePercentage>0.06527</originalInterestRatePercentage>
    <interestRateSecuritizationPercentage>0.06527</interestRateSecuritizationPercentage>
    <interestAccrualMethodCode>3</interestAccrualMethodCode>
    <originalInterestRateTypeCode>1</originalInterestRateTypeCode>
    <firstLoanPaymentDueDate>05-01-2025</firstLoanPaymentDueDate>
    <underwritingIndicator>true</underwritingIndicator>
    <lienPositionSecuritizationCode>1</lienPositionSecuritizationCode>
    <loanStructureCode>WL</loanStructureCode>
    <paymentTypeCode>2</paymentTypeCode>
    <periodicPrincipalAndInterestPaymentSecuritizationAmount>35004.07</periodicPrincipalAndInterestPaymentSecuritizationAmount>
    <scheduledPrincipalBalanceSecuritizationAmount>5508525.81</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>07-31-2027</prepaymentLockOutEndDate>
    <yieldMaintenanceEndDate>11-30-2029</yieldMaintenanceEndDate>
    <prepaymentPremiumsEndDate>11-30-2029</prepaymentPremiumsEndDate>
    <property>
      <propertyName>RIVERVIEW MHC</propertyName>
      <propertyAddress>15758 SOUTHEAST HIGHWAY 224</propertyAddress>
      <propertyCity>Damascus</propertyCity>
      <propertyState>OR</propertyState>
      <propertyZip>97089</propertyZip>
      <propertyCounty>Clackamas</propertyCounty>
      <propertyTypeCode>MH</propertyTypeCode>
      <unitsBedsRoomsNumber>133</unitsBedsRoomsNumber>
      <unitsBedsRoomsSecuritizationNumber>133</unitsBedsRoomsSecuritizationNumber>
      <yearBuiltNumber>1974</yearBuiltNumber>
      <valuationSecuritizationAmount>14500000.00</valuationSecuritizationAmount>
      <valuationSourceSecuritizationCode>MAI</valuationSourceSecuritizationCode>
      <valuationSecuritizationDate>02-17-2025</valuationSecuritizationDate>
      <physicalOccupancySecuritizationPercentage>1</physicalOccupancySecuritizationPercentage>
      <mostRecentPhysicalOccupancyPercentage>0.99</mostRecentPhysicalOccupancyPercentage>
      <propertyStatusCode>6</propertyStatusCode>
      <DefeasedStatusCode>X</DefeasedStatusCode>
      <financialsSecuritizationDate>01-31-2025</financialsSecuritizationDate>
      <mostRecentFinancialsStartDate>12-31-2024</mostRecentFinancialsStartDate>
      <mostRecentFinancialsEndDate>12-31-2025</mostRecentFinancialsEndDate>
      <revenueSecuritizationAmount>1258969.25</revenueSecuritizationAmount>
      <mostRecentRevenueAmount>1337792.00</mostRecentRevenueAmount>
      <operatingExpensesSecuritizationAmount>524836.52</operatingExpensesSecuritizationAmount>
      <operatingExpensesAmount>659829.76</operatingExpensesAmount>
      <netOperatingIncomeSecuritizationAmount>734132.73</netOperatingIncomeSecuritizationAmount>
      <mostRecentNetOperatingIncomeAmount>677962.24</mostRecentNetOperatingIncomeAmount>
      <netCashFlowFlowSecuritizationAmount>726788.43</netCashFlowFlowSecuritizationAmount>
      <mostRecentNetCashFlowAmount>670617.94</mostRecentNetCashFlowAmount>
      <netOperatingIncomeNetCashFlowSecuritizationCode>UW</netOperatingIncomeNetCashFlowSecuritizationCode>
      <netOperatingIncomeNetCashFlowCode>CREFC</netOperatingIncomeNetCashFlowCode>
      <mostRecentDebtServiceAmount>420048.48</mostRecentDebtServiceAmount>
      <debtServiceCoverageNetOperatingIncomeSecuritizationPercentage>1.75</debtServiceCoverageNetOperatingIncomeSecuritizationPercentage>
      <mostRecentDebtServiceCoverageNetOperatingIncomePercentage>1.614</mostRecentDebtServiceCoverageNetOperatingIncomePercentage>
      <debtServiceCoverageNetCashFlowSecuritizationPercentage>1.73</debtServiceCoverageNetCashFlowSecuritizationPercentage>
      <mostRecentDebtServiceCoverageNetCashFlowpercentage>1.5965</mostRecentDebtServiceCoverageNetCashFlowpercentage>
      <debtServiceCoverageSecuritizationCode>F</debtServiceCoverageSecuritizationCode>
      <mostRecentDebtServiceCoverageCode>F</mostRecentDebtServiceCoverageCode>
    </property>
    <assetAddedIndicator>false</assetAddedIndicator>
    <reportPeriodModificationIndicator>false</reportPeriodModificationIndicator>
    <reportPeriodBeginningScheduleLoanBalanceAmount>5466259.17</reportPeriodBeginningScheduleLoanBalanceAmount>
    <totalScheduledPrincipalInterestDueAmount>35004.07</totalScheduledPrincipalInterestDueAmount>
    <reportPeriodInterestRatePercentage>0.06527</reportPeriodInterestRatePercentage>
    <servicerTrusteeFeeRatePercentage>0.0002522</servicerTrusteeFeeRatePercentage>
    <scheduledInterestAmount>29731.89</scheduledInterestAmount>
    <scheduledPrincipalAmount>5272.18</scheduledPrincipalAmount>
    <unscheduledPrincipalCollectedAmount>0.00</unscheduledPrincipalCollectedAmount>
    <reportPeriodEndActualBalanceAmount>5460986.99</reportPeriodEndActualBalanceAmount>
    <reportPeriodEndScheduledLoanBalanceAmount>5460986.99</reportPeriodEndScheduledLoanBalanceAmount>
    <paidThroughDate>05-01-2026</paidThroughDate>
    <servicingAdvanceMethodCode>1</servicingAdvanceMethodCode>
    <nonRecoverabilityIndicator>false</nonRecoverabilityIndicator>
    <totalPrincipalInterestAdvancedOutstandingAmount>0</totalPrincipalInterestAdvancedOutstandingAmount>
    <totalTaxesInsuranceAdvancesOutstandingAmount>0</totalTaxesInsuranceAdvancesOutstandingAmount>
    <otherExpensesAdvancedOutstandingAmount>0</otherExpensesAdvancedOutstandingAmount>
    <paymentStatusLoanCode>0</paymentStatusLoanCode>
    <nextInterestRatePercentage>0</nextInterestRatePercentage>
    <primaryServicerName>Trimont LLC</primaryServicerName>
    <assetSubjectDemandIndicator>false</assetSubjectDemandIndicator>
  </assets>
  <assets>
    <assetTypeNumber>Prospectus Loan ID</assetTypeNumber>
    <assetNumber>28</assetNumber>
    <reportingPeriodBeginningDate>04-14-2026</reportingPeriodBeginningDate>
    <reportingPeriodEndDate>05-11-2026</reportingPeriodEndDate>
    <originatorName>BANA</originatorName>
    <originationDate>05-08-2025</originationDate>
    <originalLoanAmount>5500000.00</originalLoanAmount>
    <originalTermLoanNumber>60</originalTermLoanNumber>
    <maturityDate>06-01-2030</maturityDate>
    <originalInterestRatePercentage>0.07022</originalInterestRatePercentage>
    <interestRateSecuritizationPercentage>0.07022</interestRateSecuritizationPercentage>
    <interestAccrualMethodCode>3</interestAccrualMethodCode>
    <originalInterestRateTypeCode>1</originalInterestRateTypeCode>
    <originalInterestOnlyTermNumber>60</originalInterestOnlyTermNumber>
    <firstLoanPaymentDueDate>07-01-2025</firstLoanPaymentDueDate>
    <underwritingIndicator>true</underwritingIndicator>
    <lienPositionSecuritizationCode>1</lienPositionSecuritizationCode>
    <loanStructureCode>WL</loanStructureCode>
    <paymentTypeCode>3</paymentTypeCode>
    <periodicPrincipalAndInterestPaymentSecuritizationAmount>32184.17</periodicPrincipalAndInterestPaymentSecuritizationAmount>
    <scheduledPrincipalBalanceSecuritizationAmount>5500000.00</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>07-31-2027</prepaymentLockOutEndDate>
    <yieldMaintenanceEndDate>11-30-2029</yieldMaintenanceEndDate>
    <prepaymentPremiumsEndDate>11-30-2029</prepaymentPremiumsEndDate>
    <property>
      <propertyName>BRIO SANDIA</propertyName>
      <propertyAddress>11930 MENAUL BOULEVARD NORTHEAST</propertyAddress>
      <propertyCity>Albuquerque</propertyCity>
      <propertyState>NM</propertyState>
      <propertyZip>87112</propertyZip>
      <propertyCounty>Bernalillo</propertyCounty>
      <propertyTypeCode>MF</propertyTypeCode>
      <unitsBedsRoomsNumber>29</unitsBedsRoomsNumber>
      <unitsBedsRoomsSecuritizationNumber>29</unitsBedsRoomsSecuritizationNumber>
      <yearBuiltNumber>1981</yearBuiltNumber>
      <yearLastRenovated>2024</yearLastRenovated>
      <valuationSecuritizationAmount>8810000.00</valuationSecuritizationAmount>
      <valuationSourceSecuritizationCode>MAI</valuationSourceSecuritizationCode>
      <valuationSecuritizationDate>03-13-2025</valuationSecuritizationDate>
      <physicalOccupancySecuritizationPercentage>0.93</physicalOccupancySecuritizationPercentage>
      <mostRecentPhysicalOccupancyPercentage>0.97</mostRecentPhysicalOccupancyPercentage>
      <propertyStatusCode>6</propertyStatusCode>
      <DefeasedStatusCode>X</DefeasedStatusCode>
      <financialsSecuritizationDate>12-31-2024</financialsSecuritizationDate>
      <mostRecentFinancialsStartDate>01-01-2026</mostRecentFinancialsStartDate>
      <mostRecentFinancialsEndDate>03-31-2026</mostRecentFinancialsEndDate>
      <revenueSecuritizationAmount>647145.00</revenueSecuritizationAmount>
      <mostRecentRevenueAmount>156985.00</mostRecentRevenueAmount>
      <operatingExpensesSecuritizationAmount>122391.00</operatingExpensesSecuritizationAmount>
      <operatingExpensesAmount>26665.55</operatingExpensesAmount>
      <netOperatingIncomeSecuritizationAmount>524754.00</netOperatingIncomeSecuritizationAmount>
      <mostRecentNetOperatingIncomeAmount>130319.45</mostRecentNetOperatingIncomeAmount>
      <netCashFlowFlowSecuritizationAmount>517382.00</netCashFlowFlowSecuritizationAmount>
      <mostRecentNetCashFlowAmount>128476.45</mostRecentNetCashFlowAmount>
      <netOperatingIncomeNetCashFlowSecuritizationCode>UW</netOperatingIncomeNetCashFlowSecuritizationCode>
      <netOperatingIncomeNetCashFlowCode>CREFC</netOperatingIncomeNetCashFlowCode>
      <mostRecentDebtServiceAmount>96552.50</mostRecentDebtServiceAmount>
      <debtServiceCoverageNetOperatingIncomeSecuritizationPercentage>1.34</debtServiceCoverageNetOperatingIncomeSecuritizationPercentage>
      <mostRecentDebtServiceCoverageNetOperatingIncomePercentage>1.3497</mostRecentDebtServiceCoverageNetOperatingIncomePercentage>
      <debtServiceCoverageNetCashFlowSecuritizationPercentage>1.32</debtServiceCoverageNetCashFlowSecuritizationPercentage>
      <mostRecentDebtServiceCoverageNetCashFlowpercentage>1.3306</mostRecentDebtServiceCoverageNetCashFlowpercentage>
      <debtServiceCoverageSecuritizationCode>F</debtServiceCoverageSecuritizationCode>
      <mostRecentDebtServiceCoverageCode>F</mostRecentDebtServiceCoverageCode>
    </property>
    <assetAddedIndicator>false</assetAddedIndicator>
    <reportPeriodModificationIndicator>false</reportPeriodModificationIndicator>
    <reportPeriodBeginningScheduleLoanBalanceAmount>5500000.00</reportPeriodBeginningScheduleLoanBalanceAmount>
    <totalScheduledPrincipalInterestDueAmount>32184.17</totalScheduledPrincipalInterestDueAmount>
    <reportPeriodInterestRatePercentage>0.07022</reportPeriodInterestRatePercentage>
    <servicerTrusteeFeeRatePercentage>0.0002522</servicerTrusteeFeeRatePercentage>
    <scheduledInterestAmount>32184.17</scheduledInterestAmount>
    <scheduledPrincipalAmount>0.00</scheduledPrincipalAmount>
    <unscheduledPrincipalCollectedAmount>0.00</unscheduledPrincipalCollectedAmount>
    <reportPeriodEndActualBalanceAmount>5500000.00</reportPeriodEndActualBalanceAmount>
    <reportPeriodEndScheduledLoanBalanceAmount>5500000.00</reportPeriodEndScheduledLoanBalanceAmount>
    <paidThroughDate>05-01-2026</paidThroughDate>
    <servicingAdvanceMethodCode>1</servicingAdvanceMethodCode>
    <nonRecoverabilityIndicator>false</nonRecoverabilityIndicator>
    <totalPrincipalInterestAdvancedOutstandingAmount>0</totalPrincipalInterestAdvancedOutstandingAmount>
    <totalTaxesInsuranceAdvancesOutstandingAmount>0</totalTaxesInsuranceAdvancesOutstandingAmount>
    <otherExpensesAdvancedOutstandingAmount>0</otherExpensesAdvancedOutstandingAmount>
    <paymentStatusLoanCode>0</paymentStatusLoanCode>
    <nextInterestRatePercentage>0</nextInterestRatePercentage>
    <primaryServicerName>Trimont LLC</primaryServicerName>
    <assetSubjectDemandIndicator>false</assetSubjectDemandIndicator>
  </assets>
  <assets>
    <assetTypeNumber>Prospectus Loan ID</assetTypeNumber>
    <assetNumber>29</assetNumber>
    <reportingPeriodBeginningDate>04-14-2026</reportingPeriodBeginningDate>
    <reportingPeriodEndDate>05-11-2026</reportingPeriodEndDate>
    <originatorName>MSBNA</originatorName>
    <originationDate>03-28-2025</originationDate>
    <originalLoanAmount>5134000.00</originalLoanAmount>
    <originalTermLoanNumber>60</originalTermLoanNumber>
    <maturityDate>04-01-2030</maturityDate>
    <originalInterestRatePercentage>0.0522</originalInterestRatePercentage>
    <interestRateSecuritizationPercentage>0.0522</interestRateSecuritizationPercentage>
    <interestAccrualMethodCode>3</interestAccrualMethodCode>
    <originalInterestRateTypeCode>1</originalInterestRateTypeCode>
    <originalInterestOnlyTermNumber>60</originalInterestOnlyTermNumber>
    <firstLoanPaymentDueDate>05-01-2025</firstLoanPaymentDueDate>
    <underwritingIndicator>true</underwritingIndicator>
    <lienPositionSecuritizationCode>1</lienPositionSecuritizationCode>
    <loanStructureCode>WL</loanStructureCode>
    <paymentTypeCode>3</paymentTypeCode>
    <periodicPrincipalAndInterestPaymentSecuritizationAmount>22332.90</periodicPrincipalAndInterestPaymentSecuritizationAmount>
    <scheduledPrincipalBalanceSecuritizationAmount>5134000.00</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>03-31-2027</prepaymentLockOutEndDate>
    <yieldMaintenanceEndDate>09-30-2029</yieldMaintenanceEndDate>
    <prepaymentPremiumsEndDate>09-30-2029</prepaymentPremiumsEndDate>
    <property>
      <propertyName>OCEAN BREEZE</propertyName>
      <propertyAddress>101 11TH STREET OCEAN</propertyAddress>
      <propertyCity>Marathon</propertyCity>
      <propertyState>FL</propertyState>
      <propertyZip>33050</propertyZip>
      <propertyCounty>Monroe</propertyCounty>
      <propertyTypeCode>MH</propertyTypeCode>
      <unitsBedsRoomsNumber>47</unitsBedsRoomsNumber>
      <unitsBedsRoomsSecuritizationNumber>47</unitsBedsRoomsSecuritizationNumber>
      <yearBuiltNumber>2020</yearBuiltNumber>
      <valuationSecuritizationAmount>9000000.00</valuationSecuritizationAmount>
      <valuationSourceSecuritizationCode>MAI</valuationSourceSecuritizationCode>
      <valuationSecuritizationDate>01-22-2025</valuationSecuritizationDate>
      <physicalOccupancySecuritizationPercentage>1</physicalOccupancySecuritizationPercentage>
      <mostRecentPhysicalOccupancyPercentage>0.96</mostRecentPhysicalOccupancyPercentage>
      <propertyStatusCode>6</propertyStatusCode>
      <DefeasedStatusCode>X</DefeasedStatusCode>
      <financialsSecuritizationDate>01-31-2025</financialsSecuritizationDate>
      <mostRecentFinancialsStartDate>01-01-2025</mostRecentFinancialsStartDate>
      <mostRecentFinancialsEndDate>09-30-2025</mostRecentFinancialsEndDate>
      <revenueSecuritizationAmount>889853.90</revenueSecuritizationAmount>
      <mostRecentRevenueAmount>675926.00</mostRecentRevenueAmount>
      <operatingExpensesSecuritizationAmount>421979.50</operatingExpensesSecuritizationAmount>
      <operatingExpensesAmount>308354.98</operatingExpensesAmount>
      <netOperatingIncomeSecuritizationAmount>467874.40</netOperatingIncomeSecuritizationAmount>
      <mostRecentNetOperatingIncomeAmount>367571.02</mostRecentNetOperatingIncomeAmount>
      <netCashFlowFlowSecuritizationAmount>465524.40</netCashFlowFlowSecuritizationAmount>
      <mostRecentNetCashFlowAmount>365808.52</mostRecentNetCashFlowAmount>
      <netOperatingIncomeNetCashFlowSecuritizationCode>UW</netOperatingIncomeNetCashFlowSecuritizationCode>
      <netOperatingIncomeNetCashFlowCode>CREFC</netOperatingIncomeNetCashFlowCode>
      <mostRecentDebtServiceAmount>203229.00</mostRecentDebtServiceAmount>
      <debtServiceCoverageNetOperatingIncomeSecuritizationPercentage>1.72</debtServiceCoverageNetOperatingIncomeSecuritizationPercentage>
      <mostRecentDebtServiceCoverageNetOperatingIncomePercentage>1.8086</mostRecentDebtServiceCoverageNetOperatingIncomePercentage>
      <debtServiceCoverageNetCashFlowSecuritizationPercentage>1.71</debtServiceCoverageNetCashFlowSecuritizationPercentage>
      <mostRecentDebtServiceCoverageNetCashFlowpercentage>1.7999</mostRecentDebtServiceCoverageNetCashFlowpercentage>
      <debtServiceCoverageSecuritizationCode>F</debtServiceCoverageSecuritizationCode>
      <mostRecentDebtServiceCoverageCode>F</mostRecentDebtServiceCoverageCode>
    </property>
    <assetAddedIndicator>false</assetAddedIndicator>
    <reportPeriodModificationIndicator>false</reportPeriodModificationIndicator>
    <reportPeriodBeginningScheduleLoanBalanceAmount>5134000.00</reportPeriodBeginningScheduleLoanBalanceAmount>
    <totalScheduledPrincipalInterestDueAmount>22332.90</totalScheduledPrincipalInterestDueAmount>
    <reportPeriodInterestRatePercentage>0.0522</reportPeriodInterestRatePercentage>
    <servicerTrusteeFeeRatePercentage>0.0008272</servicerTrusteeFeeRatePercentage>
    <scheduledInterestAmount>22332.90</scheduledInterestAmount>
    <scheduledPrincipalAmount>0.00</scheduledPrincipalAmount>
    <unscheduledPrincipalCollectedAmount>0.00</unscheduledPrincipalCollectedAmount>
    <reportPeriodEndActualBalanceAmount>5134000.00</reportPeriodEndActualBalanceAmount>
    <reportPeriodEndScheduledLoanBalanceAmount>5134000.00</reportPeriodEndScheduledLoanBalanceAmount>
    <paidThroughDate>05-01-2026</paidThroughDate>
    <servicingAdvanceMethodCode>1</servicingAdvanceMethodCode>
    <nonRecoverabilityIndicator>false</nonRecoverabilityIndicator>
    <totalPrincipalInterestAdvancedOutstandingAmount>0</totalPrincipalInterestAdvancedOutstandingAmount>
    <totalTaxesInsuranceAdvancesOutstandingAmount>0</totalTaxesInsuranceAdvancesOutstandingAmount>
    <otherExpensesAdvancedOutstandingAmount>0</otherExpensesAdvancedOutstandingAmount>
    <paymentStatusLoanCode>0</paymentStatusLoanCode>
    <nextInterestRatePercentage>0</nextInterestRatePercentage>
    <primaryServicerName>Trimont LLC</primaryServicerName>
    <assetSubjectDemandIndicator>false</assetSubjectDemandIndicator>
  </assets>
  <assets>
    <assetTypeNumber>Prospectus Loan ID</assetTypeNumber>
    <assetNumber>30</assetNumber>
    <reportingPeriodBeginningDate>04-14-2026</reportingPeriodBeginningDate>
    <reportingPeriodEndDate>05-11-2026</reportingPeriodEndDate>
    <originatorName>BANA</originatorName>
    <originationDate>05-29-2025</originationDate>
    <originalLoanAmount>5000000.00</originalLoanAmount>
    <originalTermLoanNumber>60</originalTermLoanNumber>
    <maturityDate>06-01-2030</maturityDate>
    <originalInterestRatePercentage>0.0726</originalInterestRatePercentage>
    <interestRateSecuritizationPercentage>0.0726</interestRateSecuritizationPercentage>
    <interestAccrualMethodCode>3</interestAccrualMethodCode>
    <originalInterestRateTypeCode>1</originalInterestRateTypeCode>
    <originalInterestOnlyTermNumber>60</originalInterestOnlyTermNumber>
    <firstLoanPaymentDueDate>07-01-2025</firstLoanPaymentDueDate>
    <underwritingIndicator>true</underwritingIndicator>
    <lienPositionSecuritizationCode>1</lienPositionSecuritizationCode>
    <loanStructureCode>WL</loanStructureCode>
    <paymentTypeCode>3</paymentTypeCode>
    <periodicPrincipalAndInterestPaymentSecuritizationAmount>30250.00</periodicPrincipalAndInterestPaymentSecuritizationAmount>
    <scheduledPrincipalBalanceSecuritizationAmount>5000000.00</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>07-31-2027</prepaymentLockOutEndDate>
    <yieldMaintenanceEndDate>01-31-2030</yieldMaintenanceEndDate>
    <prepaymentPremiumsEndDate>01-31-2030</prepaymentPremiumsEndDate>
    <property>
      <propertyName>KIRKWOOD BUSINESS PARK</propertyName>
      <propertyAddress>2101, 2103 AND 2105 NORTHEAST 129TH STREET</propertyAddress>
      <propertyCity>Vancouver</propertyCity>
      <propertyState>WA</propertyState>
      <propertyZip>98686</propertyZip>
      <propertyCounty>Clark</propertyCounty>
      <propertyTypeCode>OF</propertyTypeCode>
      <netRentableSquareFeetNumber>33244</netRentableSquareFeetNumber>
      <netRentableSquareFeetSecuritizationNumber>33244</netRentableSquareFeetSecuritizationNumber>
      <yearBuiltNumber>2002</yearBuiltNumber>
      <valuationSecuritizationAmount>9000000.00</valuationSecuritizationAmount>
      <valuationSourceSecuritizationCode>MAI</valuationSourceSecuritizationCode>
      <valuationSecuritizationDate>03-13-2025</valuationSecuritizationDate>
      <physicalOccupancySecuritizationPercentage>1</physicalOccupancySecuritizationPercentage>
      <mostRecentPhysicalOccupancyPercentage>1</mostRecentPhysicalOccupancyPercentage>
      <propertyStatusCode>6</propertyStatusCode>
      <DefeasedStatusCode>X</DefeasedStatusCode>
      <largestTenant>Life Stance</largestTenant>
      <squareFeetLargestTenantNumber>6963</squareFeetLargestTenantNumber>
      <leaseExpirationLargestTenantDate>02-28-2029</leaseExpirationLargestTenantDate>
      <secondLargestTenant>Kirkwood &amp; Kirkwood</secondLargestTenant>
      <squareFeetSecondLargestTenantNumber>5983</squareFeetSecondLargestTenantNumber>
      <leaseExpirationSecondLargestTenantDate>06-30-2035</leaseExpirationSecondLargestTenantDate>
      <thirdLargestTenant>Bright Now Dental</thirdLargestTenant>
      <squareFeetThirdLargestTenantNumber>4536</squareFeetThirdLargestTenantNumber>
      <leaseExpirationThirdLargestTenantDate>10-31-2028</leaseExpirationThirdLargestTenantDate>
      <financialsSecuritizationDate>02-28-2025</financialsSecuritizationDate>
      <mostRecentFinancialsStartDate>01-01-2026</mostRecentFinancialsStartDate>
      <mostRecentFinancialsEndDate>03-31-2026</mostRecentFinancialsEndDate>
      <revenueSecuritizationAmount>999501.22</revenueSecuritizationAmount>
      <mostRecentRevenueAmount>264324.00</mostRecentRevenueAmount>
      <operatingExpensesSecuritizationAmount>369491.83</operatingExpensesSecuritizationAmount>
      <operatingExpensesAmount>90388.40</operatingExpensesAmount>
      <netOperatingIncomeSecuritizationAmount>630009.39</netOperatingIncomeSecuritizationAmount>
      <mostRecentNetOperatingIncomeAmount>173935.60</mostRecentNetOperatingIncomeAmount>
      <netCashFlowFlowSecuritizationAmount>581107.26</netCashFlowFlowSecuritizationAmount>
      <mostRecentNetCashFlowAmount>161710.07</mostRecentNetCashFlowAmount>
      <netOperatingIncomeNetCashFlowSecuritizationCode>UW</netOperatingIncomeNetCashFlowSecuritizationCode>
      <netOperatingIncomeNetCashFlowCode>CREFC</netOperatingIncomeNetCashFlowCode>
      <mostRecentDebtServiceAmount>90749.99</mostRecentDebtServiceAmount>
      <debtServiceCoverageNetOperatingIncomeSecuritizationPercentage>1.71</debtServiceCoverageNetOperatingIncomeSecuritizationPercentage>
      <mostRecentDebtServiceCoverageNetOperatingIncomePercentage>1.9166</mostRecentDebtServiceCoverageNetOperatingIncomePercentage>
      <debtServiceCoverageNetCashFlowSecuritizationPercentage>1.58</debtServiceCoverageNetCashFlowSecuritizationPercentage>
      <mostRecentDebtServiceCoverageNetCashFlowpercentage>1.7819</mostRecentDebtServiceCoverageNetCashFlowpercentage>
      <debtServiceCoverageSecuritizationCode>F</debtServiceCoverageSecuritizationCode>
      <mostRecentDebtServiceCoverageCode>F</mostRecentDebtServiceCoverageCode>
      <mostRecentAnnualLeaseRolloverReviewDate>01-01-2026</mostRecentAnnualLeaseRolloverReviewDate>
    </property>
    <assetAddedIndicator>false</assetAddedIndicator>
    <reportPeriodModificationIndicator>false</reportPeriodModificationIndicator>
    <reportPeriodBeginningScheduleLoanBalanceAmount>5000000.00</reportPeriodBeginningScheduleLoanBalanceAmount>
    <totalScheduledPrincipalInterestDueAmount>30250.00</totalScheduledPrincipalInterestDueAmount>
    <reportPeriodInterestRatePercentage>0.0726</reportPeriodInterestRatePercentage>
    <servicerTrusteeFeeRatePercentage>0.0002522</servicerTrusteeFeeRatePercentage>
    <scheduledInterestAmount>30250.00</scheduledInterestAmount>
    <scheduledPrincipalAmount>0.00</scheduledPrincipalAmount>
    <unscheduledPrincipalCollectedAmount>0.00</unscheduledPrincipalCollectedAmount>
    <reportPeriodEndActualBalanceAmount>5000000.00</reportPeriodEndActualBalanceAmount>
    <reportPeriodEndScheduledLoanBalanceAmount>5000000.00</reportPeriodEndScheduledLoanBalanceAmount>
    <paidThroughDate>05-01-2026</paidThroughDate>
    <servicingAdvanceMethodCode>1</servicingAdvanceMethodCode>
    <nonRecoverabilityIndicator>false</nonRecoverabilityIndicator>
    <totalPrincipalInterestAdvancedOutstandingAmount>0</totalPrincipalInterestAdvancedOutstandingAmount>
    <totalTaxesInsuranceAdvancesOutstandingAmount>2658.43</totalTaxesInsuranceAdvancesOutstandingAmount>
    <otherExpensesAdvancedOutstandingAmount>0</otherExpensesAdvancedOutstandingAmount>
    <paymentStatusLoanCode>0</paymentStatusLoanCode>
    <nextInterestRatePercentage>0</nextInterestRatePercentage>
    <primaryServicerName>Trimont LLC</primaryServicerName>
    <assetSubjectDemandIndicator>false</assetSubjectDemandIndicator>
  </assets>
  <assets>
    <assetTypeNumber>Prospectus Loan ID</assetTypeNumber>
    <assetNumber>31</assetNumber>
    <reportingPeriodBeginningDate>04-14-2026</reportingPeriodBeginningDate>
    <reportingPeriodEndDate>05-11-2026</reportingPeriodEndDate>
    <originatorName>MSBNA</originatorName>
    <originationDate>04-17-2025</originationDate>
    <originalLoanAmount>2740000.00</originalLoanAmount>
    <originalTermLoanNumber>60</originalTermLoanNumber>
    <maturityDate>05-01-2030</maturityDate>
    <originalInterestRatePercentage>0.06024</originalInterestRatePercentage>
    <interestRateSecuritizationPercentage>0.06024</interestRateSecuritizationPercentage>
    <interestAccrualMethodCode>3</interestAccrualMethodCode>
    <originalInterestRateTypeCode>1</originalInterestRateTypeCode>
    <originalInterestOnlyTermNumber>60</originalInterestOnlyTermNumber>
    <firstLoanPaymentDueDate>06-01-2025</firstLoanPaymentDueDate>
    <underwritingIndicator>true</underwritingIndicator>
    <lienPositionSecuritizationCode>1</lienPositionSecuritizationCode>
    <loanStructureCode>WL</loanStructureCode>
    <paymentTypeCode>3</paymentTypeCode>
    <periodicPrincipalAndInterestPaymentSecuritizationAmount>13754.80</periodicPrincipalAndInterestPaymentSecuritizationAmount>
    <scheduledPrincipalBalanceSecuritizationAmount>2740000.00</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>04-30-2027</prepaymentLockOutEndDate>
    <yieldMaintenanceEndDate>10-31-2029</yieldMaintenanceEndDate>
    <prepaymentPremiumsEndDate>10-31-2029</prepaymentPremiumsEndDate>
    <property>
      <propertyName>PALM CIRCLE MHC</propertyName>
      <propertyAddress>6978 46TH AVENUE NORTH</propertyAddress>
      <propertyCity>St Petersburg</propertyCity>
      <propertyState>FL</propertyState>
      <propertyZip>33709</propertyZip>
      <propertyCounty>Pinellas</propertyCounty>
      <propertyTypeCode>MH</propertyTypeCode>
      <unitsBedsRoomsNumber>55</unitsBedsRoomsNumber>
      <unitsBedsRoomsSecuritizationNumber>55</unitsBedsRoomsSecuritizationNumber>
      <yearBuiltNumber>1950</yearBuiltNumber>
      <valuationSecuritizationAmount>4500000.00</valuationSecuritizationAmount>
      <valuationSourceSecuritizationCode>MAI</valuationSourceSecuritizationCode>
      <valuationSecuritizationDate>03-06-2025</valuationSecuritizationDate>
      <physicalOccupancySecuritizationPercentage>0.98</physicalOccupancySecuritizationPercentage>
      <mostRecentPhysicalOccupancyPercentage>0.96</mostRecentPhysicalOccupancyPercentage>
      <propertyStatusCode>6</propertyStatusCode>
      <DefeasedStatusCode>X</DefeasedStatusCode>
      <financialsSecuritizationDate>03-31-2025</financialsSecuritizationDate>
      <mostRecentFinancialsStartDate>01-01-2026</mostRecentFinancialsStartDate>
      <mostRecentFinancialsEndDate>03-31-2026</mostRecentFinancialsEndDate>
      <revenueSecuritizationAmount>436699.00</revenueSecuritizationAmount>
      <mostRecentRevenueAmount>126355.00</mostRecentRevenueAmount>
      <operatingExpensesSecuritizationAmount>214714.14</operatingExpensesSecuritizationAmount>
      <operatingExpensesAmount>58669.90</operatingExpensesAmount>
      <netOperatingIncomeSecuritizationAmount>221984.86</netOperatingIncomeSecuritizationAmount>
      <mostRecentNetOperatingIncomeAmount>67685.10</mostRecentNetOperatingIncomeAmount>
      <netCashFlowFlowSecuritizationAmount>219234.86</netCashFlowFlowSecuritizationAmount>
      <mostRecentNetCashFlowAmount>66997.60</mostRecentNetCashFlowAmount>
      <netOperatingIncomeNetCashFlowSecuritizationCode>UW</netOperatingIncomeNetCashFlowSecuritizationCode>
      <netOperatingIncomeNetCashFlowCode>CREFC</netOperatingIncomeNetCashFlowCode>
      <mostRecentDebtServiceAmount>41264.39</mostRecentDebtServiceAmount>
      <debtServiceCoverageNetOperatingIncomeSecuritizationPercentage>1.33</debtServiceCoverageNetOperatingIncomeSecuritizationPercentage>
      <mostRecentDebtServiceCoverageNetOperatingIncomePercentage>1.6402</mostRecentDebtServiceCoverageNetOperatingIncomePercentage>
      <debtServiceCoverageNetCashFlowSecuritizationPercentage>1.31</debtServiceCoverageNetCashFlowSecuritizationPercentage>
      <mostRecentDebtServiceCoverageNetCashFlowpercentage>1.6236</mostRecentDebtServiceCoverageNetCashFlowpercentage>
      <debtServiceCoverageSecuritizationCode>F</debtServiceCoverageSecuritizationCode>
      <mostRecentDebtServiceCoverageCode>F</mostRecentDebtServiceCoverageCode>
    </property>
    <assetAddedIndicator>false</assetAddedIndicator>
    <reportPeriodModificationIndicator>false</reportPeriodModificationIndicator>
    <reportPeriodBeginningScheduleLoanBalanceAmount>2740000.00</reportPeriodBeginningScheduleLoanBalanceAmount>
    <totalScheduledPrincipalInterestDueAmount>13754.80</totalScheduledPrincipalInterestDueAmount>
    <reportPeriodInterestRatePercentage>0.06024</reportPeriodInterestRatePercentage>
    <servicerTrusteeFeeRatePercentage>0.0002522</servicerTrusteeFeeRatePercentage>
    <scheduledInterestAmount>13754.80</scheduledInterestAmount>
    <scheduledPrincipalAmount>0.00</scheduledPrincipalAmount>
    <unscheduledPrincipalCollectedAmount>0.00</unscheduledPrincipalCollectedAmount>
    <reportPeriodEndActualBalanceAmount>2740000.00</reportPeriodEndActualBalanceAmount>
    <reportPeriodEndScheduledLoanBalanceAmount>2740000.00</reportPeriodEndScheduledLoanBalanceAmount>
    <paidThroughDate>05-01-2026</paidThroughDate>
    <servicingAdvanceMethodCode>1</servicingAdvanceMethodCode>
    <nonRecoverabilityIndicator>false</nonRecoverabilityIndicator>
    <totalPrincipalInterestAdvancedOutstandingAmount>0</totalPrincipalInterestAdvancedOutstandingAmount>
    <totalTaxesInsuranceAdvancesOutstandingAmount>0</totalTaxesInsuranceAdvancesOutstandingAmount>
    <otherExpensesAdvancedOutstandingAmount>0</otherExpensesAdvancedOutstandingAmount>
    <paymentStatusLoanCode>0</paymentStatusLoanCode>
    <nextInterestRatePercentage>0</nextInterestRatePercentage>
    <primaryServicerName>Trimont LLC</primaryServicerName>
    <assetSubjectDemandIndicator>false</assetSubjectDemandIndicator>
  </assets>
</assetData>
