Exhibit 99.04
Schedule 6. Clarifii Business Purpose Report
| Loan ID | Redaction ID | Investor Loan ID | Seller Name | Loan Program | Documentation Type | Executed NOO Docs in File | Lease In Place Flag | Actual In Place Rent | Third Party Market Rent Estimate | Third Party Rent Source | Actual Short Term Rent Amount | Actual Short Term Rent Source | Short Term Rent Number of Months | Short Term Rental Occupancy Factor | Rental Income Used for Property DSCR Calculation | Rental Source for Property DSCR Calculation | DSCR Calculation Based On Short Rental Income Flag | Property DTI | Originator DSCR | TPR DSCR | PITIA | Gross Rental Income Unit 1 | Lease End Date Unit 1 | Lease Term Unit 1 | Gross Rental Income Unit 2 | Lease End Date Unit 2 | Lease Term Unit 2 | Gross Rental Income Unit 3 | Lease End Date Unit 3 | Lease Term Unit 3 | Gross Rental Income Unit 4 | Lease End Date Unit 4 | Lease Term Unit 4 | Gross Rental Income Unit 5 | Lease End Date Unit 5 | Lease Term Unit 5 | Gross Rental Income Unit 6 | Lease End Date Unit 6 | Lease Term Unit 6 | Gross Rental Income Unit 7 | Lease End Date Unit 7 | Lease Term Unit 7 | Gross Rental Income Unit 8+ | Rent Loss Insurance | Rent Loss Insurance Amount | Fee Amount | Acquisition Cost | Renovation Cost | Effective Gross Income | Turnover Costs | Repairs and Maintenance | Marketing and Leasing Costs | Utilities | Other Costs | Cap Ex Reserve | Section 8 | Blanket Mortgage/Cross Collateral Flag | Number of Years Property Owned | Number of Mortgaged Properties With Lender | Number of Properties Securing Loan | Foreign National Alternative Credit Documentation | Months Reserves | Loan Closed in the name of Business Entity | Vested Business Entity Name | Vested Business Entity Type | Qualifying Primary Borrower Type | Qualifying Primary Borrower First Name | Qualifying Primary Borrower Last Name | Qualifying CoBorrower Type | Qualifying CoBorrower First Name | Qualifying CoBorrower Last Name | Qualifying CoBorrower 2 Type | Qualifying CoBorrower 2 First Name | Qualifying CoBorrower 2 Last Name | Qualifying CoBorrower 3 Type | Qualifying CoBorrower 3 First Name | Qualifying CoBorrower 3 Last Name | Non-Qualifying Guarantor 1 First Name | Non-Qualifying Guarantor 1 Last Name | Non-Qualifying Guarantor 1 Citizenship | Non-Qualifying Guarantor 1 Country Name | Non-Qualifying Guarantor 2 First Name | Non-Qualifying Guarantor 2 Last Name | Non-Qualifying Guarantor 2 Citizenship | Non-Qualifying Guarantor 2 Country Name | Personal Guaranty | Total Number of Guarantors | Personal Guaranty Recourse Level | Business Entity EIN | Primary Appraisal Occupancy |
| XXXX | 2138686 | XXXX | XXXX | XXXX | Debt Service Coverage Ratio | Present | No | 0 | 3800 | Appraisal - 1007 | N/A | 3800 | Appraisal - 1007 | No | 166.21 | 0.61 | 0.602 | 6316.02 | Yes | XXXX | 3800 | No | 3.8 | 1 | 1 | N/A | 12.11 | Yes | XXXX | Limited Liability Corporation (LLC) | Individual Guarantor | XXXX | XXXX | Yes | 1 | Full Recourse | Tenant | |||||||||||||||||||||||||||||||||||||||||||||||||||||
| XXXX | 2138687 | XXXX | XXXX | XXXX | Debt Service Coverage Ratio | Present | No | 0 | 2100 | Appraisal - 1007 | N/A | 2100 | Appraisal - 1007 | No | 142.47 | 0.77 | 0.702 | 2991.81 | Yes | 2100 | No | 3.4 | 1 | 1 | N/A | 22.73 | Yes | XXXX | Limited Liability Corporation (LLC) | Individual Guarantor | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Yes | 3 | Full Recourse | XXXX | Tenant | |||||||||||||||||||||||||||||||||||||||||||||
| XXXX | 2138700 | XXXX | XXXX | XXXX | Debt Service Coverage Ratio | Present | No | 0 | 1300 | Appraisal - 1007 | N/A | 1300 | Appraisal - 1007 | No | 99.2 | 1.0 | 1.008 | 1289.56 | Yes | XXXX | 1300 | No | 0.6 | 1 | 1 | N/A | 14.67 | Yes | XXXX | Limited Partnership | Individual Guarantor | XXXX | XXXX | Yes | 1 | Full Recourse | XXXX | Vacant | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| XXXX | 2138729 | XXXX | XXXX | XXXX | Debt Service Coverage Ratio | Present | No | 0 | 1650 | Appraisal - 1007 | N/A | 1650 | Appraisal - 1007 | No | 77.45 | 1.29 | 1.291 | 1277.86 | Yes | XXXX | 162000 | 1650 | No | 0.3 | 1 | 1 | N/A | 8.69 | Yes | XXXX | Limited Liability Corporation (LLC) | Individual Guarantor | XXXX | XXXX | Yes | 1 | Full Recourse | XXXX | Vacant | |||||||||||||||||||||||||||||||||||||||||||||||||||
| XXXX | 2138739 | XXXX | XXXX | XXXX | Debt Service Coverage Ratio | Present | No | 0 | 2900 | Appraisal - 1025 | N/A | 2900 | Appraisal - 1025 | No | 68.62 | 1.45 | 1.457 | 1989.99 | Yes | XXXX | 2900 | No | 2.7 | 1 | 1 | N/A | 109.81 | Yes | XXXX | Limited Liability Corporation (LLC) | Individual Guarantor | XXXX | XXXX | Yes | 1 | Full Recourse | XXXX | Tenant | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| XXXX | 2138728 | XXXX | XXXX | XXXX | Debt Service Coverage Ratio | Present | No | 0 | 1900 | Appraisal - 1007 | N/A | 1900 | Appraisal - 1007 | No | 78.56 | 1.27 | 1.273 | 1492.59 | Yes | 0 | 1900 | No | 0.7 | 1 | 1 | N/A | 76.33 | Yes | XXXX | Limited Liability Corporation (LLC) | Individual Guarantor | XXXX | XXXX | Yes | 1 | Full Recourse | XXXX | Tenant | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| XXXX | 2138733 | XXXX | XXXX | XXXX | Debt Service Coverage Ratio | Present | No | 0 | 2325 | Appraisal - 1007 | N/A | 2325 | Appraisal - 1007 | No | 75.67 | 1.32 | 1.322 | 1759.31 | Yes | 2325 | No | 15.6 | 1 | 1 | N/A | 82.76 | No | Vested Individual | XXXX | XXXX | 0 | Tenant | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| XXXX | 2138717 | XXXX | XXXX | XXXX | Debt Service Coverage Ratio | Present | No | 0 | 1900 | Appraisal - 1007 | N/A | 1900 | Appraisal - 1007 | No | 87.07 | 1.14 | 1.148 | 1654.41 | Yes | XXXX | 1900 | No | 3.0 | 1 | 1 | N/A | 14.3 | Yes | XXXX | Limited Liability Corporation (LLC) | Individual Guarantor | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | Yes | 2 | Full Recourse | XXXX | Tenant | ||||||||||||||||||||||||||||||||||||||||||||||||
| XXXX | 2138723 | XXXX | XXXX | XXXX | Debt Service Coverage Ratio | Present | No | 0 | 1500 | Appraisal - 1007 | N/A | 1500 | Appraisal - 1007 | No | 80.11 | 1.24 | 1.248 | 1201.63 | Yes | 1500 | No | 4.2 | 2 | 1 | N/A | 50.79 | Yes | XXXX | Limited Liability Corporation (LLC) | Individual Guarantor | XXXX | XXXX | Yes | 1 | Full Recourse | XXXX | Tenant | |||||||||||||||||||||||||||||||||||||||||||||||||||||
| XXXX | 2138724 | XXXX | XXXX | XXXX | Debt Service Coverage Ratio | Present | No | 0 | 1500 | Appraisal - 1007 | N/A | 1500 | Appraisal - 1007 | No | 80.11 | 1.24 | 1.248 | 1201.63 | Yes | 1500 | No | 4.2 | 2 | 1 | N/A | 51.29 | Yes | XXXX | Limited Liability Corporation (LLC) | Individual Guarantor | XXXX | XXXX | Yes | 1 | Full Recourse | XXXX | Tenant | |||||||||||||||||||||||||||||||||||||||||||||||||||||
| XXXX | 2138749 | XXXX | XXXX | XXXX | 12 Month Bank Statement | Present | No | 0 | 6000 | Appraisal - 1007 | N/A | 6000 | Appraisal - 1007 | No | 97.96 | 0 | 5877.89 | Yes | XXXX | 6000 | No | 0.7 | 1 | 1 | N/A | 86.85 | Yes | XXXX | Limited Liability Corporation (LLC) | Individual Guarantor | XXXX | XXXX | Yes | 1 | Full Recourse | Tenant | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
| XXXX | 2138730 | XXXX | XXXX | XXXX | Debt Service Coverage Ratio | Present | No | 0 | 1500 | Appraisal - 1007 | N/A | 1500 | Appraisal - 1007 | No | 76.58 | 1.3 | 1.306 | 1148.68 | Yes | 1500 | No | 4.9 | 1 | 1 | N/A | 101.48 | Yes | XXXX | Limited Liability Corporation (LLC) | Individual Guarantor | XXXX | XXXX | Yes | 1 | Full Recourse | XXXX | Tenant | |||||||||||||||||||||||||||||||||||||||||||||||||||||
| XXXX | 2141286 | XXXX | XXXX | XXXX | Debt Service Coverage Ratio | Present | No | 0 | 2300 | Appraisal - 1007 | N/A | 2300 | Appraisal - 1007 | No | 155.39 | 0.64 | 0.644 | 3573.98 | Yes | 2300 | No | 9.6 | 1 | 1 | N/A | 68.78 | No | Vested Individual | XXXX | XXXX | 0 | Tenant | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| XXXX | 2138697 | XXXX | XXXX | XXXX | Debt Service Coverage Ratio | Present | No | 0 | 1775 | Appraisal - 1007 | N/A | 1775 | Appraisal - 1007 | No | 108.13 | 0.92 | 0.925 | 1919.29 | Yes | 1775 | No | 0.0 | 1 | 1 | N/A | 7.15 | Yes | XXXX | Limited Liability Corporation (LLC) | Individual Guarantor | XXXX | XXXX | Individual Guarantor | XXXX | XXXX | Yes | 2 | Full Recourse | XXXX | Owner | ||||||||||||||||||||||||||||||||||||||||||||||||||
| XXXX | 2138716 | XXXX | XXXX | XXXX | Debt Service Coverage Ratio | Present | Yes | 1675 | 1800 | Appraisal - 1007 | N/A | 1675 | Actual In Place Rent | No | 88.26 | 1.13 | 1.133 | 1478.39 | 1675 | 10-16-2026 | 12 | Yes | 1675 | No | 0.7 | 1 | 1 | N/A | 110.33 | Yes | XXXX | Limited Liability Corporation (LLC) | Individual Guarantor | XXXX | XXXX | Yes | 1 | Full Recourse | XXXX | Vacant | ||||||||||||||||||||||||||||||||||||||||||||||||||
| XXXX | 2138719 | XXXX | XXXX | XXXX | Debt Service Coverage Ratio | Present | No | 0 | 4000 | Appraisal - 1025 | N/A | 4000 | Appraisal - 1025 | No | 85.78 | 1.16 | 1.166 | 3431.14 | N/A | XXXX | 4000 | No | 0.2 | 1 | 1 | N/A | 24.33 | Yes | XXXX | Limited Liability Corporation (LLC) | Individual Guarantor | XXXX | XXXX | Yes | 1 | Full Recourse | XXXX | Vacant | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| XXXX | 2138701 | XXXX | XXXX | XXXX | Debt Service Coverage Ratio | Present | No | 0 | 2400 | Appraisal - 1007 | N/A | 2400 | Appraisal - 1007 | No | 99.87 | 1.0 | 1.001 | 2396.9 | Yes | 2400 | No | 12.4 | 1 | 1 | N/A | 64.43 | No | Vested Individual | XXXX | XXXX | Vested Individual | XXXX | XXXX | 0 | Tenant | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
| XXXX | 2138713 | XXXX | XXXX | XXXX | Debt Service Coverage Ratio | Present | No | 0 | 3500 | Appraisal - 1025 | N/A | 3500 | Appraisal - 1025 | No | 89.64 | 1.11 | 1.116 | 3137.35 | Yes | 3500 | No | 19.7 | 1 | 1 | N/A | 13.35 | No | Vested Individual | XXXX | XXXX | 0 | Tenant | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| XXXX | 2138732 | XXXX | XXXX | XXXX | Debt Service Coverage Ratio | Present | No | 0 | 1350 | Appraisal - 1007 | N/A | 1350 | Appraisal - 1007 | No | 76.21 | 1.31 | 1.312 | 1028.77 | Yes | 1350 | No | 9.8 | 2 | 1 | N/A | 45.81 | Yes | XXXX | Limited Liability Corporation (LLC) | Individual Guarantor | XXXX | XXXX | Yes | 1 | Full Recourse | XXXX | Tenant | |||||||||||||||||||||||||||||||||||||||||||||||||||||
| XXXX | 2138722 | XXXX | XXXX | XXXX | Debt Service Coverage Ratio | Present | No | 0 | 1250 | Appraisal - 1007 | N/A | 1250 | Appraisal - 1007 | No | 83.2 | 1.2 | 1.202 | 1040.02 | Yes | 1250 | No | 11.4 | 3 | 1 | N/A | 84.25 | Yes | XXXX | Limited Liability Corporation (LLC) | Individual Guarantor | XXXX | XXXX | Yes | 1 | Full Recourse | XXXX | Tenant | |||||||||||||||||||||||||||||||||||||||||||||||||||||
| XXXX | 2138690 | XXXX | XXXX | XXXX | Debt Service Coverage Ratio | Present | No | 0 | 3350 | Appraisal - 1007 | N/A | 3350 | Appraisal - 1007 | No | 127.22 | 0.78 | 0.786 | 4261.95 | Yes | XXXX | 3350 | No | 4.8 | 1 | 1 | N/A | 12 | No | Vested Individual | XXXX | XXXX | 0 | Tenant | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| XXXX | 2138704 | XXXX | XXXX | XXXX | Debt Service Coverage Ratio | Present | No | 0 | 3000 | Appraisal - 1007 | N/A | 3000 | Appraisal - 1007 | No | 99.99 | 1.0 | 1.0 | 2999.77 | Yes | 3000 | No | 1.0 | 1 | 1 | N/A | 21.63 | Yes | XXXX | Limited Liability Corporation (LLC) | Individual Guarantor | XXXX | XXXX | Yes | 1 | Full Recourse | XXXX | Owner | |||||||||||||||||||||||||||||||||||||||||||||||||||||
| XXXX | 2138744 | XXXX | XXXX | XXXX | Debt Service Coverage Ratio | Present | No | 0 | 2240 | Appraisal - 1025 | N/A | 2240 | Appraisal - 1025 | No | 45.42 | 2.2 | 2.202 | 1017.3 | Yes | XXXX | 2240 | No | 0.8 | 1 | 1 | N/A | 47.47 | Yes | XXXX | Limited Liability Corporation (LLC) | Individual Guarantor | XXXX | XXXX | Yes | 1 | Full Recourse | XXXX | Vacant | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| XXXX | 2142193 | XXXX | XXXX | XXXX | 2YR Full Doc | Present | Yes | 4000 | 4200 | Appraisal - 1007 | N/A | 4000 | Actual In Place Rent | No | 101.51 | 0 | 4263.26 | 4000 | 08-14-2026 | 12 | No | XXXX | 4000 | No | 1.6 | 1 | 1 | N/A | 73.39 | Yes | XXXX | Limited Liability Corporation (LLC) | Individual Guarantor | XXXX | XXXX | Yes | 1 | Full Recourse | XXXX | Tenant | ||||||||||||||||||||||||||||||||||||||||||||||||||
| XXXX | 2147762 | XXXX | XXXX | XXXX | Debt Service Coverage Ratio | Present | Yes | 6500 | 6500 | Appraisal - 1007 | N/A | 6500 | Actual In Place Rent | No | 72.27 | 1.384 | 1.384 | 4697.36 | 6500 | 04-30-2026 | 12 | Yes | 6500 | No | 6.1 | 1 | 1 | N/A | 20.62 | Yes | XXXX | Limited Liability Corporation (LLC) | Individual Guarantor | XXXX | XXXX | Yes | 1 | Full Recourse | XXXX | Tenant | ||||||||||||||||||||||||||||||||||||||||||||||||||
| XXXX | 2142191 | XXXX | XXXX | XXXX | 2YR Full Doc | Present | No | 0 | 1840 | Appraisal - 1007 | N/A | 1840 | Appraisal - 1007 | No | 93.3 | 0 | 1716.63 | No | XXXX | 1840 | No | 0.0 | 1 | 1 | N/A | 89.33 | Yes | XXXX | Limited Liability Corporation (LLC) | Individual Guarantor | XXXX | XXXX | Yes | 1 | Full Recourse | XXXX | Vacant | |||||||||||||||||||||||||||||||||||||||||||||||||||||
| XXXX | 2154556 | XXXX | XXXX | XXXX | Debt Service Coverage Ratio | Present | No | 0 | 5400 | Appraisal - 1025 | N/A | 5400 | Appraisal - 1025 | No | 53.22 | 1.879 | 1.879 | 2873.91 | Yes | XXXX | 5400 | No | 1.0 | 1 | 1 | N/A | 138.76 | Yes | XXXX | Limited Liability Corporation (LLC) | Individual Guarantor | XXXX | XXXX | Individual Guarantor | XXXX | XXXX | Yes | 2 | Full Recourse | XXXX | Vacant | |||||||||||||||||||||||||||||||||||||||||||||||||
| XXXX | 2154555 | XXXX | XXXX | XXXX | Debt Service Coverage Ratio | Present | Yes | 1800 | 2000 | Appraisal - 1007 | N/A | 1800 | Actual In Place Rent | No | 79.03 | 1.265 | 1.265 | 1422.49 | 1800 | 01-01-2027 | 12 | Yes | 1800 | No | 16.0 | 1 | 1 | N/A | 44.88 | Yes | XXXX | Limited Liability Corporation (LLC) | Individual Guarantor | XXXX | XXXX | Yes | 1 | Full Recourse | XXXX | Tenant |