Exhibit 1

 

[PWC Logo] 

 

Report of Independent Accountants on Applying

Agreed-Upon Procedures

 

GS Mortgage Securities Corporation II

200 West Street

New York, NY 10282

 

We (“us” or “PwC”) have performed the procedures enumerated below, which were agreed to by GS Mortgage Securities Corporation II (the “Company,” as the engaging party) and Goldman Sachs & Co. LLC, Goldman Sachs Mortgage Company, Goldman Sachs Bank USA, UBS Securities LLC, and UBS AG New York Branch, who are collectively referred to as the “Specified Parties”, solely to assist you in performing certain procedures related to the accuracy of certain attributes and calculations within the Final Data File (defined below). The procedures were performed with respect to the MLTI Trust 2026-MLTI, Commercial Mortgage Pass-Through Certificates, Series 2026-MLTI securitization (the “Transaction”). The Company (the “Responsible Party”) is responsible for the accuracy of the information contained in the Final Data File.

 

In an agreed-upon procedures engagement, we perform specific procedures that the Specified Parties have agreed to and acknowledged to be appropriate for the intended purpose of the engagement and we report on findings based on the procedures performed. The procedures performed may not address all the items of interest to a user of this report and may not meet the needs of all users of this report and, as such, users are responsible for determining whether the procedures performed are appropriate for their purposes. The Specified Parties have agreed to and acknowledged that the procedures performed are appropriate for their purposes. This report may not be suitable for any other purpose.

 

Procedures and Findings

 

In connection with the Transaction, the Specified Parties have requested that the procedures be performed on 2 mortgage loans (the “Mortgage Loan Assets”) secured by 12 mortgaged properties (the “Mortgaged Properties”) which represents the entire population of Mortgage Loan Assets and Mortgaged Properties (collectively the “Collateral”) within the Transaction.

 

This agreed-upon procedures engagement was not conducted for the purpose of satisfying any criteria for due diligence published by a nationally recognized statistical rating organization.

 

In addition, PwC should not be regarded as having in any way warranted or given any assurance as to the following items:

 

·The completeness, accuracy, appropriateness, quality or integrity of any of the information provided by the Responsible Party, or any other party for the purpose of PwC performing the procedures agreed to by the Specified Parties. The procedures performed would not necessarily reveal any material misstatement of the amounts, balances, ratios, percentages or other relationships of the information included in the data provided to us;
·The conformity of the origination of the assets to stated underwriting or credit extension guidelines, standards, criteria or other requirements;
·The existence of the assets or collateral securing such assets; 
·The rights of any party including, the Specified Parties, the Responsible Party, or the Transaction have to the assets or collateral securing such assets or any obligations on those assets or collateral securing such assets; 
  PricewaterhouseCoopers LLP
300 Madison Avenue
New York, New York 10017
www.pwc.com/us (646) 471 3000

 

 

 

·The value of the Mortgaged Properties securing the Mortgage Loan Assets; and
·The compliance of the originator of the assets with federal, state, and local laws and regulations.

  

We have not performed any procedures with respect to the fair value of the securities being offered in the Transaction and PwC expresses no opinion on the fair value of these securities. PwC should not be regarded as having performed any procedures other than those detailed in this report.

 

With respect to any terms or requirements of the Transaction documents that do not appear in this report, we performed no procedures and, accordingly, the procedures we performed would not ensure that any requirements are satisfied. Further, we have performed only the following agreed-upon procedures and therefore make no representations regarding the adequacy of disclosures or whether any material facts have been omitted from the Transaction documents.

 

It should be understood that we make no representations as to:

 

·The interpretation of Transaction documents included in connection with our procedures;
·Your compliance with Rule 15Ga-2 of the Securities Exchange Act of 1934; and
·The reasonableness of any of the assumptions provided by the Company or other Specified Parties.

 

These procedures should not be taken to supplant any additional inquiries or procedures that the Specified Parties would undertake in consideration of the Transaction.

 

For the purpose of this report:

 

·The phrase “Cut-off Date” refers to the date of June 26, 2026.

 

·The phrase “Final Data File” refers to the following Microsoft Excel (“Excel”) file provided by the Company, which includes certain attributes related to the Collateral. The Final Data File was provided on June 3, 2026 with certain Collateral attribute calculations adjusted for the Cut-off Date:

 

o2026-MLTI Accounting Tape Final.xlsx (provided on June 3, 2026).
·The phrase “Specified Attributes” refers to the fields in the Final Data File.

 

·The phrase “Source Document” refers to the documents (including any applicable amendments, assumptions or exhibits thereof) provided by the Company, related to the information contained in the Final Data File.

 

·The phrase “Loan File” refers to any Source Document or collection of Source Documents provided by the Company, and used by us, in performing the procedures enumerated below.

 

·The term “compared” refers to the comparison of one or more Specified Attributes to Source Documents, as indicated within Exhibit A.

 

·The term “recalculated” refers to a re-computation of one or more Specified Attributes using the Company provided methodology, as indicated within Exhibit B.

 

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·The phrase “in agreement” refers to the comparison or recalculation of one or more Specified Attributes which resulted in a match, or a difference that was within the Company provided tolerance level (if any), as indicated within Exhibit A.

 

Source Documents included in the Loan File:

 

·The phrase “Appraisal Report” refers to a draft or signed appraisal document or exhibit.
·The phrase “Engineering Report” refers to a draft or final property condition assessment document or exhibit.
·The phrase “Environmental Report” refers to a draft or final phase I and phase II (if applicable) environmental document or exhibit.
·The phrase “Fee Schedule” refers to the documentation for the administrative fee rate related to the Transaction.
·The phrase “Ground Lease” refers to the draft or signed ground lease agreement, abstract or exhibit thereof.
·The phrase “Guaranty Agreement” refers to a signed or draft guaranty agreement.
·The phrase “Insurance Summary” refers to a draft or final certificate of insurance and/or insurance risk analysis summarizing the coverage for each insurance category.
·The phrase “Loan Agreement” refers to a signed or draft loan agreement and any amendments or exhibits thereof.
·The phrase “Management Agreement” refers to a signed or draft management agreement and any amendments, assignments, assumptions or non-disturbance agreements thereof.
·The phrase “Title Policy” refers to a signed or proforma title policy or commitment.
·The phrase “Underwriting File” refers to the historical and pro-forma cash flow statements prepared by the Company’s underwriting team.

The procedures performed and results thereof are described below. In performing this engagement, we received one or more preliminary data file(s) and performed certain procedures as set forth in Exhibit A and Exhibit B. The procedures identified differences, which were communicated to the Responsible Party. The Responsible Party revised one or more of the preliminary data files based on such communicated differences, where they determined it to be appropriate. We then performed these procedures on the Final Data File, and the results of those procedures are described below.

 

From May 18, 2026 through June 3, 2026, the Company provided us with the Source Documents related to the Collateral for which we:

·Compared certain Specified Attributes to the corresponding Source Documents as detailed in Exhibit A and found them to be in agreement (the “Compared Attributes”);
·Recalculated certain Specified Attributes as detailed in Exhibit B and found them to be in agreement (the “Recalculated Attributes”); or

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·Assumed certain Specified Attributes were accurate as instructed by the Company, and neither compared nor recalculated the Specified Attributes (the “Company Provided Attributes”).

 

The recalculation methodology associated with the Recalculated Attributes is listed in Exhibit B. For each procedure where a recalculation was performed, if necessary, we compared the underlying attributes to the corresponding Source Documents and found them to be in agreement. We did not perform any procedures with respect to the Specified Attributes denoted with a Source Document of “None - Company Provided”, in Exhibit A.

 

This agreed-upon procedures engagement was conducted in accordance with attestation standards established by the American Institute of Certified Public Accountants. We were not engaged to, and did not conduct an audit or an examination engagement, the objective of which would be the expression of an opinion, or a review engagement, the objective of which would be the expression of a conclusion, on the Final Data File.  Accordingly, we do not express such an opinion or conclusion.  Had we performed additional procedures, other matters might have come to our attention that would have been reported to you.

 

In performing this engagement, we are required to be independent of the Responsible Party and to meet our ethical responsibilities, in accordance with the relevant ethical requirements related to our agreed-upon procedures engagement.

 

This report is intended solely for the information and use of the Specified Parties (including for the purpose of substantiating the Specified Parties' “due diligence defense” under the Securities Act of 1933), and is not intended to be and should not be used by anyone other than the Specified Parties.

 

If a party has obtained, or has access to, this report without having executed an agreement with PwC wherein such party accepts responsibility for the appropriateness of the procedures performed (such party is referred to as a “Non-Specified Party”), that Non-Specified Party cannot:

 

·Rely upon this report, and any use of this report by that Non-Specified Party is its sole responsibility and at its sole and exclusive risk; and
·Acquire any rights or claims against PwC, and PwC assumes no duties or obligations to such Non-Specified Party.

 

A Non-Specified Party may not disclose or distribute this report or any of the report’s contents to any

other party (including but not limited to electronic distribution and/or posting to a website pursuant to Rule 17g-5 of the Securities Exchange Act of 1934).

 

The procedures enumerated above were performed as of the date of this report, and we disclaim any consideration of any events and circumstances occurring after the date of this report. Further, we have no obligation to update this report because of events occurring, or data or information coming to our attention, subsequent to the date of this report.

 

 

 

/s/ PricewaterhouseCoopers

 

 

 

New York, NY

 

June 3, 2026

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Exhibits

 

 

Exhibit A – Loan File Review Procedures

 

Exhibit B – Recalculation Methodology

 

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MLTI Trust 2026-MLTIEXHIBIT A
Loan File Review Procedures  

Exhibit A - Loan File Review Procedures

 

# Specified Attribute Source Document (in order of priority) Tolerance
1 Control Number None - Company Provided None
2 Loan / Property Flag None - Company Provided None
3 Property Code None - Company Provided None
4 Number of Properties Appraisal Report None
5 Originator Loan Agreement None
6 Originator Entity Type Loan Agreement None
7 Mortgage Loan Seller None - Company Provided None
8 Property Name None - Company Provided None
9 Address Appraisal Report None
10 City Appraisal Report None
11 State Appraisal Report None
12 County Appraisal Report None
13 Zip Code Appraisal Report None
14 General Property Type Appraisal Report, Engineering Report None
15 Detailed Property Type Appraisal Report, Engineering Report None
16 Flood Zone Engineering Report None
17 Year Built Appraisal Report, Engineering Report None
18 Year Renovated Appraisal Report None
19 Units Underwriting File None
20 Unit Type Underwriting File None
21 Occupancy (%) Underwriting File None
22 Occupancy Date Underwriting File None
23 Loan Per Unit ($) Recalculation None
24 Mortgage Loan Original Balance ($) Loan Agreement None
25 Mortgage Loan Cut-off Date Balance ($) Recalculation None
26 Allocated Mortgage Loan Cut-off Date Balance ($) Loan Agreement None
27 % of Initial Pool Balance Recalculation None
28 Pari Passu Split (Y/N) Loan Agreement None
29 Mortgage Loan Rate (%) Recalculation None
30 Administrative Fee Rate (%) Fee Schedule None
31 Net Mortgage Loan Rate (%) Recalculation None
32 Mortgage Loan Interest Rate (At SOFR Cap) Recalculation None

 

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MLTI Trust 2026-MLTIEXHIBIT A
Loan File Review Procedures  

 

 

# Specified Attribute Source Document (in order of priority) Tolerance
33 Margin None - Company Provided None
34 Mortgage Loan Index Loan Agreement None
35 Assumed SOFR None - Company Provided None
36 SOFR Rounding Methodology None - Company Provided None
37 Float Rate Change Frequency (Mos) Loan Agreement None
38 SOFR Floor Loan Agreement None
39 SOFR Strike Cap None - Company Provided None
40 Extension Term Strike Rate Loan Agreement None
41 SOFR Cap Expiration None - Company Provided None
42 SOFR Cap Counterparty None - Company Provided None
43 SOFR cap Counterparty rating (S&P / MIS / FITCH) None - Company Provided None
44 Mortgage Loan Annual Debt Service at SOFR Cap ($) Recalculation None
45 Underwritten NCF DSCR (x) at SOFR Cap Recalculation None
46 SOFR Lookback Days Loan Agreement None
47 Extension Options  (Y/N) Loan Agreement None
48 Extension Options (#/Mos) Loan Agreement None
49 Extension Spread Increase Description Loan Agreement None
50 First Extension Fee Loan Agreement None
51 Second Extension Fee Loan Agreement None
52 Third Extension Fee Loan Agreement None
53 Fully Extended Original Term Recalculation None
54 Fully Extended Remaining Term Recalculation None
55 Fully Extended Maturity Date Loan Agreement None
56 Fully Extended Amortization Term Not Applicable* None
57 Mortgage Loan Monthly Payment ($) Recalculation None
58 Mortgage Loan Annual Debt Service ($) Recalculation None
59 Interest Accrual Method Loan Agreement None
60 Interest Accrual Period Loan Agreement None
61 Origination Date None - Company Provided None
62 First Due Date Loan Agreement None
63 Last IO Due Date Loan Agreement None

 

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MLTI Trust 2026-MLTIEXHIBIT A
Loan File Review Procedures  

 

 

# Specified Attribute Source Document (in order of priority) Tolerance
64 First P&I Due Date Loan Agreement None
65 Due Date Loan Agreement None
66 Grace Period- Late Fee Loan Agreement None
67 Grace Period- Default Loan Agreement None
68 Amortization Type Loan Agreement None
69 Original Interest-Only Period (Mos.) Recalculation None
70 Remaining Interest-Only Period (Mos.) Recalculation None
71 Original Term To Maturity (Mos.) Recalculation None
72 Remaining Term To Maturity (Mos.) Recalculation None
73 Original Amortization Term (Mos.) Not Applicable* None
74 Remaining Amortization Term (Mos.) Not Applicable* None
75 Seasoning Recalculation None
76 Maturity Date Loan Agreement None
77 Mortgage Loan Balloon Balance ($) Recalculation None
78 Lockbox Loan Agreement None
79 Cash Management Loan Agreement None
80 Cash Management Triggers Loan Agreement None
81 Performance Test Trigger Level Loan Agreement None
82 Cross-Collateralized (Y/N) Loan Agreement None
83 Crossed Group Not Applicable* None
84 Lockout Period Not Applicable* None
85 Lockout Expiration Date Not Applicable* None
86 Prepayment Begin Date Loan Agreement None
87 Prepayment End Date Loan Agreement None
88 Open Period Begin Date Loan Agreement None
89 Open Period (Payments) Recalculation None
90 Prepayment Type Loan Agreement None
91 Prepayment Provision Loan Agreement None
92 Partially Prepayable without Penalty Loan Agreement None

 

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MLTI Trust 2026-MLTIEXHIBIT A
Loan File Review Procedures  

 

 

# Specified Attribute Source Document (in order of priority) Tolerance
93 Partially Prepayable without Penalty Description Loan Agreement None
94 Partial Collateral Release Description Loan Agreement None
95 Yield Maintenance Index Not Applicable* None
96 Yield Maintenance Discount Not Applicable* None
97 Yield Maintenance Margin Not Applicable* None
98 Yield Maintenance Calculation Method Not Applicable* None
99 Day of Month Prepayment Permitted Loan Agreement None
100 Due on Sale Loan Agreement None
101 Due on Encumbrance Loan Agreement None
102 Other Subordinate Debt Balance ($) Not Applicable* None
103 Other Subordinate Debt Type Not Applicable* None
104 Future Debt Allowed? Loan Agreement None
105 Mortgage Assumable? Loan Agreement None
106 Assumption Fee Loan Agreement None
107 Appraiser Designation Appraisal Report None
108 Appraisal FIRREA (Y/N) Appraisal Report None
109 As-Is Appraisal Date Appraisal Report None
110 As-Is Appraised Value ($) Appraisal Report None
111 As-Stabilized Appraisal Date Appraisal Report None
112 As-Stabilized Appraised Value ($) Appraisal Report None
113 Mortgage Loan Cut-off Date LTV Ratio (%) Recalculation None
114 Mortgage Loan LTV Ratio at Maturity (%) Recalculation None
115 Single Tenant (Y/N) Underwriting File None
116 Engineering Report Date Engineering Report None
117 Environmental Phase I Report Date Environmental Report None
118 Environmental Phase II Environmental Report None
119 Environmental Phase II Report Date Environmental Report None
120 PML or SEL (%) Not Applicable* None
121 Seismic Report Date Not Applicable* None

 

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MLTI Trust 2026-MLTIEXHIBIT A
Loan File Review Procedures  

 

 

# Specified Attribute Source Document (in order of priority) Tolerance
122 Earthquake Insurance Required (Y/N) Loan Agreement None
123 Terrorism Insurance Required (Y/N) Loan Agreement None
124 Environmental Insurance Required (Y/N) Loan Agreement None
125 Blanket Insurance Policy (Y/N) Insurance Summary None
126 Lien Position Title Policy None
127 Ownership Interest Title Policy None
128 Condominium Present? Loan Agreement None
129 Ground Lease (Y/N) Title Policy None
130 Annual Ground Lease Payment ($) Ground Lease None
131 Ground Lease Expiration Date Ground Lease None
132 Ground Lease Extension (Y/N) Ground Lease None
133 # of Ground Lease Extension Options Ground Lease None
134 Ground Lease Expiration Date after all Extensions Ground Lease None
135 2023 Date Underwriting File None
136 2023 EGI ($) Underwriting File $1.00
137 2023 Expenses ($) Underwriting File $1.00
138 2023 NOI ($) Underwriting File $1.00
139 2023 NCF ($) Underwriting File $1.00
140 2024 Date Underwriting File None
141 2024 EGI ($) Underwriting File $1.00
142 2024 Expenses ($) Underwriting File $1.00
143 2024 NOI ($) Underwriting File $1.00
144 2024 NCF ($) Underwriting File $1.00
145 2025 Date Underwriting File None
146 2025 EGI ($) Underwriting File $1.00
147 2025 Expenses ($) Underwriting File $1.00
148 2025 NOI ($) Underwriting File $1.00
149 2025 NCF ($) Underwriting File $1.00
150 Most Recent Date (if past 2025) Underwriting File None
151 Most Recent # of months Underwriting File None

 

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MLTI Trust 2026-MLTIEXHIBIT A
Loan File Review Procedures  

 

 

# Specified Attribute Source Document (in order of priority) Tolerance
152 Most Recent Description Underwriting File None
153 Most Recent EGI (if past 2025) ($) Underwriting File $1.00
154 Most Recent Expenses (if past 2025) ($) Underwriting File $1.00
155 Most Recent NOI (if past 2025) ($) Underwriting File $1.00
156 Most Recent NCF (if past 2025) ($) Underwriting File $1.00
157 Underwritten EGI ($) Underwriting File $1.00
158 Underwritten Expenses ($) Underwriting File $1.00
159 Underwritten Net Operating Income ($) Underwriting File $1.00
160 Underwritten NOI DSCR (x) Recalculation None
161 Underwritten NOI Debt Yield Recalculation None
162 Underwritten Replacement Reserve ($) Underwriting File $1.00
163 Underwritten TI / LC Reserve ($) Underwriting File $1.00
164 Underwritten Net Cash Flow ($) Underwriting File $1.00
165 Underwritten NCF DSCR (x) Recalculation None
166 Underwritten NCF Debt Yield Recalculation None
167 Property Manager Management Agreement None
168 Upfront RE Tax Reserve ($) Loan Agreement None
169 Ongoing RE Tax Reserve ($) Loan Agreement None
170 Upfront Insurance Reserve ($) Loan Agreement None
171 Ongoing Insurance Reserve ($) Loan Agreement None
172 Upfront Replacement Reserve ($) Loan Agreement None
173 Ongoing Replacement Reserve ($) Loan Agreement None
174 Replacement Reserve Caps ($) Loan Agreement None
175 Upfront TI/LC Reserve ($) Loan Agreement None
176 Ongoing TI/LC Reserve ($) Loan Agreement None
177 TI/LC Caps ($) Loan Agreement None
178 Upfront Debt Service Reserve ($) Loan Agreement None
179 Ongoing Debt Service Reserve ($) Loan Agreement None
180 Upfront Deferred Maintenance Reserve ($) Loan Agreement None
181 Ongoing Deferred Maintenance Reserve ($) Loan Agreement None
182 Upfront Environmental Reserve ($) Loan Agreement None
183 Ongoing Environmental Reserve ($) Loan Agreement None
184 Upfront Other Reserve ($) Loan Agreement None
185 Ongoing Other Reserve ($) Loan Agreement None
186 Other Reserve Description Loan Agreement None
187 Letter of Credit? Loan Agreement None
188 Letter of Credit Balance ($) Loan Agreement None
189 Letter of Credit Description Loan Agreement None
190 Release Provisions (Y/N) Loan Agreement None
191 Loan Purpose None - Company Provided None
192 Borrower Name Loan Agreement None
193 Tenant In Common (Y/N) Loan Agreement None
194 Sponsor Loan Agreement None
195 Carve-out Guarantor Guaranty Agreement None
196 Recourse Guaranty Agreement None
197 Single Purpose Borrower (Y/N) Loan Agreement None
198 Exit Fee Loan Agreement None

 

* The fields for the noted Specified Attributes were either not populated in the Final Data File or populated with the term “NAP”. As such, we were instructed by the Company to not perform any procedures on these Specified Attributes.

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MLTI Trust 2026-MLTIEXHIBIT B
Recalculation Methodology 

Exhibit B - Recalculation Methodology

 

# Specified Attribute Recalculation Methodology
23 Loan Per Unit ($) Quotient of (i) Allocated Mortgage Loan Cut-off Date Balance ($) and (ii) Units for each applicable Property depending on Unit Type.
25 Mortgage Loan Cut-off Date Balance ($) Set equal to Mortgage Loan Original Balance ($).
27 % of Initial Pool Balance Quotient of (i) Mortgage Loan Cut-off Date Balance ($) and (ii) Mortgage Loan Original Balance ($).
29 Mortgage Loan Rate (%) Sum of (i) Margin and (ii) Assumed SOFR.
31 Net Mortgage Loan Rate (%) Difference between (i) Mortgage Loan Rate (%) and (ii) Administrative Fee Rate (%).
32 Mortgage Loan Interest Rate (At SOFR Cap) Sum of (i) Margin and (ii) SOFR Strike Cap.
44 Mortgage Loan Annual Debt Service at SOFR Cap ($) Product of (a) Mortgage Loan Cut-off Date Balance ($) and (b) Mortgage Loan Interest Rate (At SOFR Cap) and (c) the Interest Accrual Method (365/360).
45 Underwritten NCF DSCR (x) at SOFR Cap Quotient of (i) Underwritten Net Cash Flow ($) and (ii) Mortgage Loan Annual Debt Service at SOFR Cap ($).
53 Fully Extended Original Term Count of the number of monthly payment dates, from and inclusive of (i) First Due Date, to and including (ii) Fully Extended Maturity Date.
54 Fully Extended Remaining Term Difference between (i) Fully Extended Original Term and (ii) Seasoning.
57 Mortgage Loan Monthly Payment ($) Quotient of (i) product of (a) Mortgage Loan Cut-off Date Balance ($), (b) Mortgage Loan Rate (%) and (c) the Interest Accrual Method (365/360) and (ii) 12.
58 Mortgage Loan Annual Debt Service ($) Product of (i) Mortgage Loan Monthly Payment ($) and (ii) 12.
69 Original Interest-Only Period (Mos.) Count of the number of monthly payment dates, from and inclusive of (i) First Due Date, to and including (ii) Last IO Due Date.
70 Remaining Interest-Only Period (Mos.) Difference between (i) Original Interest-Only Period (Mos.) and (ii) Seasoning.
71 Original Term To Maturity (Mos.) Count of the number of monthly payment dates, from and inclusive of (i) First Due Date, to and including (ii) Maturity Date.
72 Remaining Term To Maturity (Mos.) Difference between (i) Original Term to Maturity (Mos.) and (ii) Seasoning.
75 Seasoning Count of the number of monthly payment dates, from and inclusive of (i) First Due Date, to and including (ii) Cut-off Date.
77 Mortgage Loan Balloon Balance ($) Set equal to Mortgage Loan Original Balance ($).

 

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MLTI Trust 2026-MLTIEXHIBIT B
Recalculation Methodology 

 

 

# Specified Attribute Recalculation Methodology
89 Open Period (Payments) Count of the number of monthly payment dates, from and inclusive of (i) Open Period Begin Date, to and including (ii) Maturity Date.
113 Mortgage Loan Cut-off Date LTV Ratio (%) Quotient of (i) Mortgage Loan Cut-off Date Balance ($) and (ii) As-Is Appraised Value ($).
114 Mortgage Loan LTV Ratio at Maturity (%) Quotient of (i) Mortgage Loan Balloon Balance ($) and (ii) As-Is Appraised Value ($).
160 Underwritten NOI DSCR (x) Quotient of (i) Underwritten Net Operating Income ($) and (ii) Mortgage Loan Annual Debt Service ($).
161 Underwritten NOI Debt Yield Quotient of (i) Underwritten Net Operating Income ($) and (ii) Mortgage Loan Cut-off Date Balance ($).
165 Underwritten NCF DSCR (x) Quotient of (i) Underwritten Net Cash Flow ($) and (ii) Mortgage Loan Annual Debt Service ($).
166 Underwritten NCF Debt Yield Quotient of (i) Underwritten Net Cash Flow ($) and (ii) Mortgage Loan Cut-off Date Balance ($).

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