<?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>05-12-2026</reportingPeriodBeginningDate>
    <reportingPeriodEndDate>06-11-2026</reportingPeriodEndDate>
    <originatorName>WFB</originatorName>
    <originationDate>03-18-2025</originationDate>
    <originalLoanAmount>88000000.00</originalLoanAmount>
    <originalTermLoanNumber>60</originalTermLoanNumber>
    <maturityDate>04-11-2030</maturityDate>
    <originalInterestRatePercentage>0.05658</originalInterestRatePercentage>
    <interestRateSecuritizationPercentage>0.05658</interestRateSecuritizationPercentage>
    <interestAccrualMethodCode>3</interestAccrualMethodCode>
    <originalInterestRateTypeCode>1</originalInterestRateTypeCode>
    <originalInterestOnlyTermNumber>60</originalInterestOnlyTermNumber>
    <firstLoanPaymentDueDate>05-11-2025</firstLoanPaymentDueDate>
    <underwritingIndicator>true</underwritingIndicator>
    <lienPositionSecuritizationCode>1</lienPositionSecuritizationCode>
    <loanStructureCode>PP</loanStructureCode>
    <paymentTypeCode>3</paymentTypeCode>
    <periodicPrincipalAndInterestPaymentSecuritizationAmount>0.00</periodicPrincipalAndInterestPaymentSecuritizationAmount>
    <scheduledPrincipalBalanceSecuritizationAmount>88000000.00</scheduledPrincipalBalanceSecuritizationAmount>
    <paymentFrequencyCode>1</paymentFrequencyCode>
    <NumberPropertiesSecuritization>35</NumberPropertiesSecuritization>
    <NumberProperties>35</NumberProperties>
    <graceDaysAllowedNumber>0</graceDaysAllowedNumber>
    <interestOnlyIndicator>true</interestOnlyIndicator>
    <balloonIndicator>true</balloonIndicator>
    <prepaymentPremiumIndicator>true</prepaymentPremiumIndicator>
    <negativeAmortizationIndicator>false</negativeAmortizationIndicator>
    <modifiedIndicator>false</modifiedIndicator>
    <prepaymentLockOutEndDate>07-10-2025</prepaymentLockOutEndDate>
    <yieldMaintenanceEndDate>10-10-2029</yieldMaintenanceEndDate>
    <prepaymentPremiumsEndDate>10-10-2029</prepaymentPremiumsEndDate>
    <property>
      <propertyName>Southeast Workforce MHC Portfolio</propertyName>
      <propertyTypeCode>MH</propertyTypeCode>
      <unitsBedsRoomsNumber>1919</unitsBedsRoomsNumber>
      <unitsBedsRoomsSecuritizationNumber>1919</unitsBedsRoomsSecuritizationNumber>
      <valuationSecuritizationAmount>157900000.00</valuationSecuritizationAmount>
      <valuationSecuritizationDate>02-01-2025</valuationSecuritizationDate>
      <physicalOccupancySecuritizationPercentage>0.86</physicalOccupancySecuritizationPercentage>
      <mostRecentPhysicalOccupancyPercentage>0.86</mostRecentPhysicalOccupancyPercentage>
      <DefeasedStatusCode>X</DefeasedStatusCode>
      <financialsSecuritizationDate>12-31-2024</financialsSecuritizationDate>
      <mostRecentFinancialsStartDate>12-31-2024</mostRecentFinancialsStartDate>
      <mostRecentFinancialsEndDate>12-31-2025</mostRecentFinancialsEndDate>
      <revenueSecuritizationAmount>14352073.51</revenueSecuritizationAmount>
      <mostRecentRevenueAmount>15043146.00</mostRecentRevenueAmount>
      <operatingExpensesSecuritizationAmount>5015835.56</operatingExpensesSecuritizationAmount>
      <operatingExpensesAmount>5563709.00</operatingExpensesAmount>
      <netOperatingIncomeSecuritizationAmount>9336237.95</netOperatingIncomeSecuritizationAmount>
      <mostRecentNetOperatingIncomeAmount>9479437.00</mostRecentNetOperatingIncomeAmount>
      <netCashFlowFlowSecuritizationAmount>9240287.95</netCashFlowFlowSecuritizationAmount>
      <mostRecentNetCashFlowAmount>9383487.00</mostRecentNetCashFlowAmount>
      <netOperatingIncomeNetCashFlowSecuritizationCode>UW</netOperatingIncomeNetCashFlowSecuritizationCode>
      <mostRecentDebtServiceAmount>6023412.50</mostRecentDebtServiceAmount>
      <debtServiceCoverageNetOperatingIncomeSecuritizationPercentage>1.55</debtServiceCoverageNetOperatingIncomeSecuritizationPercentage>
      <mostRecentDebtServiceCoverageNetOperatingIncomePercentage>1.5737</mostRecentDebtServiceCoverageNetOperatingIncomePercentage>
      <debtServiceCoverageNetCashFlowSecuritizationPercentage>1.53</debtServiceCoverageNetCashFlowSecuritizationPercentage>
      <mostRecentDebtServiceCoverageNetCashFlowpercentage>1.5578</mostRecentDebtServiceCoverageNetCashFlowpercentage>
      <debtServiceCoverageSecuritizationCode>F</debtServiceCoverageSecuritizationCode>
      <mostRecentDebtServiceCoverageCode>F</mostRecentDebtServiceCoverageCode>
    </property>
    <assetAddedIndicator>false</assetAddedIndicator>
    <reportPeriodModificationIndicator>false</reportPeriodModificationIndicator>
    <reportPeriodBeginningScheduleLoanBalanceAmount>88000000.00</reportPeriodBeginningScheduleLoanBalanceAmount>
    <totalScheduledPrincipalInterestDueAmount>428750.67</totalScheduledPrincipalInterestDueAmount>
    <reportPeriodInterestRatePercentage>0.05658</reportPeriodInterestRatePercentage>
    <servicerTrusteeFeeRatePercentage>0.0001791</servicerTrusteeFeeRatePercentage>
    <scheduledInterestAmount>428750.67</scheduledInterestAmount>
    <scheduledPrincipalAmount>0.00</scheduledPrincipalAmount>
    <unscheduledPrincipalCollectedAmount>0.00</unscheduledPrincipalCollectedAmount>
    <reportPeriodEndActualBalanceAmount>88000000.00</reportPeriodEndActualBalanceAmount>
    <reportPeriodEndScheduledLoanBalanceAmount>88000000.00</reportPeriodEndScheduledLoanBalanceAmount>
    <paidThroughDate>06-11-2026</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>1-001</assetNumber>
    <reportingPeriodBeginningDate>05-12-2026</reportingPeriodBeginningDate>
    <reportingPeriodEndDate>06-11-2026</reportingPeriodEndDate>
    <property>
      <propertyName>FLORIDA SUN ESTATES</propertyName>
      <propertyAddress>3535 ROBERTS AVE</propertyAddress>
      <propertyCity>Tallahassee</propertyCity>
      <propertyState>FL</propertyState>
      <propertyZip>32310</propertyZip>
      <propertyCounty>Leon</propertyCounty>
      <propertyTypeCode>MH</propertyTypeCode>
      <unitsBedsRoomsNumber>307</unitsBedsRoomsNumber>
      <unitsBedsRoomsSecuritizationNumber>307</unitsBedsRoomsSecuritizationNumber>
      <yearBuiltNumber>1971</yearBuiltNumber>
      <valuationSecuritizationAmount>22500000.00</valuationSecuritizationAmount>
      <valuationSourceSecuritizationCode>MAI</valuationSourceSecuritizationCode>
      <valuationSecuritizationDate>02-03-2025</valuationSecuritizationDate>
      <physicalOccupancySecuritizationPercentage>0.56</physicalOccupancySecuritizationPercentage>
      <mostRecentPhysicalOccupancyPercentage>0.62</mostRecentPhysicalOccupancyPercentage>
      <propertyStatusCode>6</propertyStatusCode>
      <financialsSecuritizationDate>12-31-2024</financialsSecuritizationDate>
      <mostRecentFinancialsStartDate>12-31-2024</mostRecentFinancialsStartDate>
      <mostRecentFinancialsEndDate>12-31-2025</mostRecentFinancialsEndDate>
      <revenueSecuritizationAmount>1483601.22</revenueSecuritizationAmount>
      <mostRecentRevenueAmount>15043146.00</mostRecentRevenueAmount>
      <operatingExpensesSecuritizationAmount>422658.52</operatingExpensesSecuritizationAmount>
      <operatingExpensesAmount>5563709.00</operatingExpensesAmount>
      <netOperatingIncomeSecuritizationAmount>1060942.70</netOperatingIncomeSecuritizationAmount>
      <mostRecentNetOperatingIncomeAmount>9479437.00</mostRecentNetOperatingIncomeAmount>
      <netCashFlowFlowSecuritizationAmount>1045592.70</netCashFlowFlowSecuritizationAmount>
      <mostRecentNetCashFlowAmount>9383487.00</mostRecentNetCashFlowAmount>
      <netOperatingIncomeNetCashFlowSecuritizationCode>UW</netOperatingIncomeNetCashFlowSecuritizationCode>
      <netOperatingIncomeNetCashFlowCode>CREFC</netOperatingIncomeNetCashFlowCode>
      <mostRecentDebtServiceAmount>6023412.50</mostRecentDebtServiceAmount>
      <mostRecentDebtServiceCoverageNetOperatingIncomePercentage>1.5737</mostRecentDebtServiceCoverageNetOperatingIncomePercentage>
      <mostRecentDebtServiceCoverageNetCashFlowpercentage>1.5578</mostRecentDebtServiceCoverageNetCashFlowpercentage>
      <mostRecentDebtServiceCoverageCode>F</mostRecentDebtServiceCoverageCode>
      <mostRecentAnnualLeaseRolloverReviewDate>01-16-2025</mostRecentAnnualLeaseRolloverReviewDate>
    </property>
    <assetAddedIndicator>false</assetAddedIndicator>
  </assets>
  <assets>
    <assetTypeNumber>Prospectus Loan ID</assetTypeNumber>
    <assetNumber>1-002</assetNumber>
    <reportingPeriodBeginningDate>05-12-2026</reportingPeriodBeginningDate>
    <reportingPeriodEndDate>06-11-2026</reportingPeriodEndDate>
    <property>
      <propertyName>TAMPA SUN ESTATES 3 &amp; 4</propertyName>
      <propertyAddress>10603 N NEBRASKA AVENUE AND 14011 N NEBRASKA AVENUE</propertyAddress>
      <propertyCity>Tampa</propertyCity>
      <propertyState>FL</propertyState>
      <propertyZip>33612</propertyZip>
      <propertyCounty>Hillsborough</propertyCounty>
      <propertyTypeCode>MH</propertyTypeCode>
      <unitsBedsRoomsNumber>112</unitsBedsRoomsNumber>
      <unitsBedsRoomsSecuritizationNumber>112</unitsBedsRoomsSecuritizationNumber>
      <yearBuiltNumber>1944</yearBuiltNumber>
      <valuationSecuritizationAmount>8400000.00</valuationSecuritizationAmount>
      <valuationSourceSecuritizationCode>MAI</valuationSourceSecuritizationCode>
      <valuationSecuritizationDate>02-03-2025</valuationSecuritizationDate>
      <physicalOccupancySecuritizationPercentage>0.75</physicalOccupancySecuritizationPercentage>
      <mostRecentPhysicalOccupancyPercentage>0.74</mostRecentPhysicalOccupancyPercentage>
      <propertyStatusCode>6</propertyStatusCode>
      <financialsSecuritizationDate>12-31-2024</financialsSecuritizationDate>
      <mostRecentFinancialsStartDate>12-31-2024</mostRecentFinancialsStartDate>
      <mostRecentFinancialsEndDate>12-31-2025</mostRecentFinancialsEndDate>
      <revenueSecuritizationAmount>909353.04</revenueSecuritizationAmount>
      <mostRecentRevenueAmount>0.00</mostRecentRevenueAmount>
      <operatingExpensesSecuritizationAmount>336904.48</operatingExpensesSecuritizationAmount>
      <operatingExpensesAmount>0.00</operatingExpensesAmount>
      <netOperatingIncomeSecuritizationAmount>572448.56</netOperatingIncomeSecuritizationAmount>
      <mostRecentNetOperatingIncomeAmount>0.00</mostRecentNetOperatingIncomeAmount>
      <netCashFlowFlowSecuritizationAmount>566848.56</netCashFlowFlowSecuritizationAmount>
      <mostRecentNetCashFlowAmount>0.00</mostRecentNetCashFlowAmount>
      <netOperatingIncomeNetCashFlowSecuritizationCode>UW</netOperatingIncomeNetCashFlowSecuritizationCode>
      <netOperatingIncomeNetCashFlowCode>CREFC</netOperatingIncomeNetCashFlowCode>
      <mostRecentDebtServiceAmount>0.00</mostRecentDebtServiceAmount>
      <mostRecentDebtServiceCoverageNetOperatingIncomePercentage>0.00</mostRecentDebtServiceCoverageNetOperatingIncomePercentage>
      <mostRecentDebtServiceCoverageCode>C</mostRecentDebtServiceCoverageCode>
      <mostRecentAnnualLeaseRolloverReviewDate>01-16-2025</mostRecentAnnualLeaseRolloverReviewDate>
    </property>
    <assetAddedIndicator>false</assetAddedIndicator>
  </assets>
  <assets>
    <assetTypeNumber>Prospectus Loan ID</assetTypeNumber>
    <assetNumber>1-003</assetNumber>
    <reportingPeriodBeginningDate>05-12-2026</reportingPeriodBeginningDate>
    <reportingPeriodEndDate>06-11-2026</reportingPeriodEndDate>
    <property>
      <propertyName>LAKE MARY MHP</propertyName>
      <propertyAddress>1651 SPRING HAMMOCK WAY</propertyAddress>
      <propertyCity>Longwood</propertyCity>
      <propertyState>FL</propertyState>
      <propertyZip>32750</propertyZip>
      <propertyCounty>Seminole</propertyCounty>
      <propertyTypeCode>MH</propertyTypeCode>
      <unitsBedsRoomsNumber>70</unitsBedsRoomsNumber>
      <unitsBedsRoomsSecuritizationNumber>70</unitsBedsRoomsSecuritizationNumber>
      <yearBuiltNumber>1969</yearBuiltNumber>
      <valuationSecuritizationAmount>7600000.00</valuationSecuritizationAmount>
      <valuationSourceSecuritizationCode>MAI</valuationSourceSecuritizationCode>
      <valuationSecuritizationDate>02-03-2025</valuationSecuritizationDate>
      <physicalOccupancySecuritizationPercentage>0.99</physicalOccupancySecuritizationPercentage>
      <mostRecentPhysicalOccupancyPercentage>0.99</mostRecentPhysicalOccupancyPercentage>
      <propertyStatusCode>6</propertyStatusCode>
      <financialsSecuritizationDate>12-31-2024</financialsSecuritizationDate>
      <mostRecentFinancialsStartDate>12-31-2024</mostRecentFinancialsStartDate>
      <mostRecentFinancialsEndDate>12-31-2025</mostRecentFinancialsEndDate>
      <revenueSecuritizationAmount>759643.32</revenueSecuritizationAmount>
      <mostRecentRevenueAmount>0.00</mostRecentRevenueAmount>
      <operatingExpensesSecuritizationAmount>226726.77</operatingExpensesSecuritizationAmount>
      <operatingExpensesAmount>0.00</operatingExpensesAmount>
      <netOperatingIncomeSecuritizationAmount>532916.55</netOperatingIncomeSecuritizationAmount>
      <mostRecentNetOperatingIncomeAmount>0.00</mostRecentNetOperatingIncomeAmount>
      <netCashFlowFlowSecuritizationAmount>529416.55</netCashFlowFlowSecuritizationAmount>
      <mostRecentNetCashFlowAmount>0.00</mostRecentNetCashFlowAmount>
      <netOperatingIncomeNetCashFlowSecuritizationCode>UW</netOperatingIncomeNetCashFlowSecuritizationCode>
      <netOperatingIncomeNetCashFlowCode>CREFC</netOperatingIncomeNetCashFlowCode>
      <mostRecentDebtServiceAmount>0.00</mostRecentDebtServiceAmount>
      <mostRecentDebtServiceCoverageNetOperatingIncomePercentage>0.00</mostRecentDebtServiceCoverageNetOperatingIncomePercentage>
      <mostRecentDebtServiceCoverageCode>C</mostRecentDebtServiceCoverageCode>
      <mostRecentAnnualLeaseRolloverReviewDate>01-16-2025</mostRecentAnnualLeaseRolloverReviewDate>
    </property>
    <assetAddedIndicator>false</assetAddedIndicator>
  </assets>
  <assets>
    <assetTypeNumber>Prospectus Loan ID</assetTypeNumber>
    <assetNumber>1-004</assetNumber>
    <reportingPeriodBeginningDate>05-12-2026</reportingPeriodBeginningDate>
    <reportingPeriodEndDate>06-11-2026</reportingPeriodEndDate>
    <property>
      <propertyName>TAMPA SUN ESTATES</propertyName>
      <propertyAddress>10101 NORTH FLORIDA AVE</propertyAddress>
      <propertyCity>Tampa</propertyCity>
      <propertyState>FL</propertyState>
      <propertyZip>33612</propertyZip>
      <propertyCounty>Hillsborough</propertyCounty>
      <propertyTypeCode>MH</propertyTypeCode>
      <unitsBedsRoomsNumber>70</unitsBedsRoomsNumber>
      <unitsBedsRoomsSecuritizationNumber>70</unitsBedsRoomsSecuritizationNumber>
      <yearBuiltNumber>1952</yearBuiltNumber>
      <valuationSecuritizationAmount>7000000.00</valuationSecuritizationAmount>
      <valuationSourceSecuritizationCode>MAI</valuationSourceSecuritizationCode>
      <valuationSecuritizationDate>02-03-2025</valuationSecuritizationDate>
      <physicalOccupancySecuritizationPercentage>0.89</physicalOccupancySecuritizationPercentage>
      <mostRecentPhysicalOccupancyPercentage>0.91</mostRecentPhysicalOccupancyPercentage>
      <propertyStatusCode>6</propertyStatusCode>
      <financialsSecuritizationDate>12-31-2024</financialsSecuritizationDate>
      <mostRecentFinancialsStartDate>12-31-2024</mostRecentFinancialsStartDate>
      <mostRecentFinancialsEndDate>12-31-2025</mostRecentFinancialsEndDate>
      <revenueSecuritizationAmount>739494.33</revenueSecuritizationAmount>
      <mostRecentRevenueAmount>0.00</mostRecentRevenueAmount>
      <operatingExpensesSecuritizationAmount>258359.48</operatingExpensesSecuritizationAmount>
      <operatingExpensesAmount>0.00</operatingExpensesAmount>
      <netOperatingIncomeSecuritizationAmount>481134.85</netOperatingIncomeSecuritizationAmount>
      <mostRecentNetOperatingIncomeAmount>0.00</mostRecentNetOperatingIncomeAmount>
      <netCashFlowFlowSecuritizationAmount>477634.85</netCashFlowFlowSecuritizationAmount>
      <mostRecentNetCashFlowAmount>0.00</mostRecentNetCashFlowAmount>
      <netOperatingIncomeNetCashFlowSecuritizationCode>UW</netOperatingIncomeNetCashFlowSecuritizationCode>
      <netOperatingIncomeNetCashFlowCode>CREFC</netOperatingIncomeNetCashFlowCode>
      <mostRecentDebtServiceAmount>0.00</mostRecentDebtServiceAmount>
      <mostRecentDebtServiceCoverageNetOperatingIncomePercentage>0.00</mostRecentDebtServiceCoverageNetOperatingIncomePercentage>
      <mostRecentDebtServiceCoverageCode>C</mostRecentDebtServiceCoverageCode>
      <mostRecentAnnualLeaseRolloverReviewDate>01-16-2025</mostRecentAnnualLeaseRolloverReviewDate>
    </property>
    <assetAddedIndicator>false</assetAddedIndicator>
  </assets>
  <assets>
    <assetTypeNumber>Prospectus Loan ID</assetTypeNumber>
    <assetNumber>1-005</assetNumber>
    <reportingPeriodBeginningDate>05-12-2026</reportingPeriodBeginningDate>
    <reportingPeriodEndDate>06-11-2026</reportingPeriodEndDate>
    <property>
      <propertyName>PELICAN SUN ESTATES 1 &amp; 2</propertyName>
      <propertyAddress>10921 AND 11123 NORTH NEBRASKA AVE</propertyAddress>
      <propertyCity>Tampa</propertyCity>
      <propertyState>FL</propertyState>
      <propertyZip>33612</propertyZip>
      <propertyCounty>Hillsborough</propertyCounty>
      <propertyTypeCode>MH</propertyTypeCode>
      <unitsBedsRoomsNumber>64</unitsBedsRoomsNumber>
      <unitsBedsRoomsSecuritizationNumber>64</unitsBedsRoomsSecuritizationNumber>
      <yearBuiltNumber>1946</yearBuiltNumber>
      <valuationSecuritizationAmount>6200000.00</valuationSecuritizationAmount>
      <valuationSourceSecuritizationCode>MAI</valuationSourceSecuritizationCode>
      <valuationSecuritizationDate>02-03-2025</valuationSecuritizationDate>
      <physicalOccupancySecuritizationPercentage>0.8</physicalOccupancySecuritizationPercentage>
      <mostRecentPhysicalOccupancyPercentage>0.81</mostRecentPhysicalOccupancyPercentage>
      <propertyStatusCode>6</propertyStatusCode>
      <financialsSecuritizationDate>12-31-2024</financialsSecuritizationDate>
      <mostRecentFinancialsStartDate>12-31-2024</mostRecentFinancialsStartDate>
      <mostRecentFinancialsEndDate>12-31-2025</mostRecentFinancialsEndDate>
      <revenueSecuritizationAmount>571800.39</revenueSecuritizationAmount>
      <mostRecentRevenueAmount>0.00</mostRecentRevenueAmount>
      <operatingExpensesSecuritizationAmount>221096.88</operatingExpensesSecuritizationAmount>
      <operatingExpensesAmount>0.00</operatingExpensesAmount>
      <netOperatingIncomeSecuritizationAmount>350703.51</netOperatingIncomeSecuritizationAmount>
      <mostRecentNetOperatingIncomeAmount>0.00</mostRecentNetOperatingIncomeAmount>
      <netCashFlowFlowSecuritizationAmount>347503.51</netCashFlowFlowSecuritizationAmount>
      <mostRecentNetCashFlowAmount>0.00</mostRecentNetCashFlowAmount>
      <netOperatingIncomeNetCashFlowSecuritizationCode>UW</netOperatingIncomeNetCashFlowSecuritizationCode>
      <netOperatingIncomeNetCashFlowCode>CREFC</netOperatingIncomeNetCashFlowCode>
      <mostRecentDebtServiceAmount>0.00</mostRecentDebtServiceAmount>
      <mostRecentDebtServiceCoverageNetOperatingIncomePercentage>0.00</mostRecentDebtServiceCoverageNetOperatingIncomePercentage>
      <mostRecentDebtServiceCoverageCode>C</mostRecentDebtServiceCoverageCode>
      <mostRecentAnnualLeaseRolloverReviewDate>01-16-2025</mostRecentAnnualLeaseRolloverReviewDate>
    </property>
    <assetAddedIndicator>false</assetAddedIndicator>
  </assets>
  <assets>
    <assetTypeNumber>Prospectus Loan ID</assetTypeNumber>
    <assetNumber>1-006</assetNumber>
    <reportingPeriodBeginningDate>05-12-2026</reportingPeriodBeginningDate>
    <reportingPeriodEndDate>06-11-2026</reportingPeriodEndDate>
    <property>
      <propertyName>CIRCLE DRIVE MOBILE HOME PARK</propertyName>
      <propertyAddress>4060 SOUTH MAIN STREET</propertyAddress>
      <propertyCity>Salisbury</propertyCity>
      <propertyState>NC</propertyState>
      <propertyZip>28147</propertyZip>
      <propertyCounty>Rowan</propertyCounty>
      <propertyTypeCode>MH</propertyTypeCode>
      <unitsBedsRoomsNumber>63</unitsBedsRoomsNumber>
      <unitsBedsRoomsSecuritizationNumber>63</unitsBedsRoomsSecuritizationNumber>
      <yearBuiltNumber>1967</yearBuiltNumber>
      <valuationSecuritizationAmount>5300000.00</valuationSecuritizationAmount>
      <valuationSourceSecuritizationCode>MAI</valuationSourceSecuritizationCode>
      <valuationSecuritizationDate>02-05-2025</valuationSecuritizationDate>
      <physicalOccupancySecuritizationPercentage>1</physicalOccupancySecuritizationPercentage>
      <mostRecentPhysicalOccupancyPercentage>1</mostRecentPhysicalOccupancyPercentage>
      <propertyStatusCode>6</propertyStatusCode>
      <financialsSecuritizationDate>12-31-2024</financialsSecuritizationDate>
      <mostRecentFinancialsStartDate>12-31-2024</mostRecentFinancialsStartDate>
      <mostRecentFinancialsEndDate>12-31-2025</mostRecentFinancialsEndDate>
      <revenueSecuritizationAmount>432757.78</revenueSecuritizationAmount>
      <mostRecentRevenueAmount>0.00</mostRecentRevenueAmount>
      <operatingExpensesSecuritizationAmount>88031.07</operatingExpensesSecuritizationAmount>
      <operatingExpensesAmount>0.00</operatingExpensesAmount>
      <netOperatingIncomeSecuritizationAmount>344726.71</netOperatingIncomeSecuritizationAmount>
      <mostRecentNetOperatingIncomeAmount>0.00</mostRecentNetOperatingIncomeAmount>
      <netCashFlowFlowSecuritizationAmount>341576.71</netCashFlowFlowSecuritizationAmount>
      <mostRecentNetCashFlowAmount>0.00</mostRecentNetCashFlowAmount>
      <netOperatingIncomeNetCashFlowSecuritizationCode>UW</netOperatingIncomeNetCashFlowSecuritizationCode>
      <netOperatingIncomeNetCashFlowCode>CREFC</netOperatingIncomeNetCashFlowCode>
      <mostRecentDebtServiceAmount>0.00</mostRecentDebtServiceAmount>
      <mostRecentDebtServiceCoverageNetOperatingIncomePercentage>0.00</mostRecentDebtServiceCoverageNetOperatingIncomePercentage>
      <mostRecentDebtServiceCoverageCode>C</mostRecentDebtServiceCoverageCode>
      <mostRecentAnnualLeaseRolloverReviewDate>01-16-2025</mostRecentAnnualLeaseRolloverReviewDate>
    </property>
    <assetAddedIndicator>false</assetAddedIndicator>
  </assets>
  <assets>
    <assetTypeNumber>Prospectus Loan ID</assetTypeNumber>
    <assetNumber>1-007</assetNumber>
    <reportingPeriodBeginningDate>05-12-2026</reportingPeriodBeginningDate>
    <reportingPeriodEndDate>06-11-2026</reportingPeriodEndDate>
    <property>
      <propertyName>UNIVERSITY SUN ESTATES 2 &amp; 3</propertyName>
      <propertyAddress>514 &amp; 604 GLENN ROAD AND 333 HOLIDAY ACRES DRIVE</propertyAddress>
      <propertyCity>Orlando</propertyCity>
      <propertyState>FL</propertyState>
      <propertyZip>32833</propertyZip>
      <propertyCounty>Orange</propertyCounty>
      <propertyTypeCode>MH</propertyTypeCode>
      <unitsBedsRoomsNumber>52</unitsBedsRoomsNumber>
      <unitsBedsRoomsSecuritizationNumber>52</unitsBedsRoomsSecuritizationNumber>
      <yearBuiltNumber>1974</yearBuiltNumber>
      <valuationSecuritizationAmount>5300000.00</valuationSecuritizationAmount>
      <valuationSourceSecuritizationCode>MAI</valuationSourceSecuritizationCode>
      <valuationSecuritizationDate>02-03-2025</valuationSecuritizationDate>
      <physicalOccupancySecuritizationPercentage>0.98</physicalOccupancySecuritizationPercentage>
      <mostRecentPhysicalOccupancyPercentage>0.98</mostRecentPhysicalOccupancyPercentage>
      <propertyStatusCode>6</propertyStatusCode>
      <financialsSecuritizationDate>12-31-2024</financialsSecuritizationDate>
      <mostRecentFinancialsStartDate>12-31-2024</mostRecentFinancialsStartDate>
      <mostRecentFinancialsEndDate>12-31-2025</mostRecentFinancialsEndDate>
      <revenueSecuritizationAmount>578600.48</revenueSecuritizationAmount>
      <mostRecentRevenueAmount>0.00</mostRecentRevenueAmount>
      <operatingExpensesSecuritizationAmount>206917.19</operatingExpensesSecuritizationAmount>
      <operatingExpensesAmount>0.00</operatingExpensesAmount>
      <netOperatingIncomeSecuritizationAmount>371683.29</netOperatingIncomeSecuritizationAmount>
      <mostRecentNetOperatingIncomeAmount>0.00</mostRecentNetOperatingIncomeAmount>
      <netCashFlowFlowSecuritizationAmount>369083.29</netCashFlowFlowSecuritizationAmount>
      <mostRecentNetCashFlowAmount>0.00</mostRecentNetCashFlowAmount>
      <netOperatingIncomeNetCashFlowSecuritizationCode>UW</netOperatingIncomeNetCashFlowSecuritizationCode>
      <netOperatingIncomeNetCashFlowCode>CREFC</netOperatingIncomeNetCashFlowCode>
      <mostRecentDebtServiceAmount>0.00</mostRecentDebtServiceAmount>
      <mostRecentDebtServiceCoverageNetOperatingIncomePercentage>0.00</mostRecentDebtServiceCoverageNetOperatingIncomePercentage>
      <mostRecentDebtServiceCoverageCode>C</mostRecentDebtServiceCoverageCode>
      <mostRecentAnnualLeaseRolloverReviewDate>01-16-2025</mostRecentAnnualLeaseRolloverReviewDate>
    </property>
    <assetAddedIndicator>false</assetAddedIndicator>
  </assets>
  <assets>
    <assetTypeNumber>Prospectus Loan ID</assetTypeNumber>
    <assetNumber>1-008</assetNumber>
    <reportingPeriodBeginningDate>05-12-2026</reportingPeriodBeginningDate>
    <reportingPeriodEndDate>06-11-2026</reportingPeriodEndDate>
    <property>
      <propertyName>MAITLAND SUN ESTATES</propertyName>
      <propertyAddress>9165 SOUTH US HIGHWAY 17-92</propertyAddress>
      <propertyCity>Maitland</propertyCity>
      <propertyState>FL</propertyState>
      <propertyZip>32751</propertyZip>
      <propertyCounty>Seminole</propertyCounty>
      <propertyTypeCode>MH</propertyTypeCode>
      <unitsBedsRoomsNumber>39</unitsBedsRoomsNumber>
      <unitsBedsRoomsSecuritizationNumber>39</unitsBedsRoomsSecuritizationNumber>
      <yearBuiltNumber>1930</yearBuiltNumber>
      <valuationSecuritizationAmount>5100000.00</valuationSecuritizationAmount>
      <valuationSourceSecuritizationCode>MAI</valuationSourceSecuritizationCode>
      <valuationSecuritizationDate>02-03-2025</valuationSecuritizationDate>
      <physicalOccupancySecuritizationPercentage>0.97</physicalOccupancySecuritizationPercentage>
      <mostRecentPhysicalOccupancyPercentage>0.97</mostRecentPhysicalOccupancyPercentage>
      <propertyStatusCode>6</propertyStatusCode>
      <financialsSecuritizationDate>12-31-2024</financialsSecuritizationDate>
      <mostRecentFinancialsStartDate>12-31-2024</mostRecentFinancialsStartDate>
      <mostRecentFinancialsEndDate>12-31-2025</mostRecentFinancialsEndDate>
      <revenueSecuritizationAmount>472660.84</revenueSecuritizationAmount>
      <mostRecentRevenueAmount>0.00</mostRecentRevenueAmount>
      <operatingExpensesSecuritizationAmount>167033.88</operatingExpensesSecuritizationAmount>
      <operatingExpensesAmount>0.00</operatingExpensesAmount>
      <netOperatingIncomeSecuritizationAmount>305626.96</netOperatingIncomeSecuritizationAmount>
      <mostRecentNetOperatingIncomeAmount>0.00</mostRecentNetOperatingIncomeAmount>
      <netCashFlowFlowSecuritizationAmount>303676.96</netCashFlowFlowSecuritizationAmount>
      <mostRecentNetCashFlowAmount>0.00</mostRecentNetCashFlowAmount>
      <netOperatingIncomeNetCashFlowSecuritizationCode>UW</netOperatingIncomeNetCashFlowSecuritizationCode>
      <netOperatingIncomeNetCashFlowCode>CREFC</netOperatingIncomeNetCashFlowCode>
      <mostRecentDebtServiceAmount>0.00</mostRecentDebtServiceAmount>
      <mostRecentDebtServiceCoverageNetOperatingIncomePercentage>0.00</mostRecentDebtServiceCoverageNetOperatingIncomePercentage>
      <mostRecentDebtServiceCoverageCode>C</mostRecentDebtServiceCoverageCode>
      <mostRecentAnnualLeaseRolloverReviewDate>01-16-2025</mostRecentAnnualLeaseRolloverReviewDate>
    </property>
    <assetAddedIndicator>false</assetAddedIndicator>
  </assets>
  <assets>
    <assetTypeNumber>Prospectus Loan ID</assetTypeNumber>
    <assetNumber>1-009</assetNumber>
    <reportingPeriodBeginningDate>05-12-2026</reportingPeriodBeginningDate>
    <reportingPeriodEndDate>06-11-2026</reportingPeriodEndDate>
    <property>
      <propertyName>ST PETE SUN ESTATES</propertyName>
      <propertyAddress>5000 28TH STREET NORTH</propertyAddress>
      <propertyCity>St. Petersburg</propertyCity>
      <propertyState>FL</propertyState>
      <propertyZip>33714</propertyZip>
      <propertyCounty>Pinellas</propertyCounty>
      <propertyTypeCode>MH</propertyTypeCode>
      <unitsBedsRoomsNumber>44</unitsBedsRoomsNumber>
      <unitsBedsRoomsSecuritizationNumber>44</unitsBedsRoomsSecuritizationNumber>
      <yearBuiltNumber>1950</yearBuiltNumber>
      <valuationSecuritizationAmount>4600000.00</valuationSecuritizationAmount>
      <valuationSourceSecuritizationCode>MAI</valuationSourceSecuritizationCode>
      <valuationSecuritizationDate>02-03-2025</valuationSecuritizationDate>
      <physicalOccupancySecuritizationPercentage>0.89</physicalOccupancySecuritizationPercentage>
      <mostRecentPhysicalOccupancyPercentage>0.86</mostRecentPhysicalOccupancyPercentage>
      <propertyStatusCode>6</propertyStatusCode>
      <financialsSecuritizationDate>12-31-2024</financialsSecuritizationDate>
      <mostRecentFinancialsStartDate>12-31-2024</mostRecentFinancialsStartDate>
      <mostRecentFinancialsEndDate>12-31-2025</mostRecentFinancialsEndDate>
      <revenueSecuritizationAmount>473937.93</revenueSecuritizationAmount>
      <mostRecentRevenueAmount>0.00</mostRecentRevenueAmount>
      <operatingExpensesSecuritizationAmount>166982.45</operatingExpensesSecuritizationAmount>
      <operatingExpensesAmount>0.00</operatingExpensesAmount>
      <netOperatingIncomeSecuritizationAmount>306955.48</netOperatingIncomeSecuritizationAmount>
      <mostRecentNetOperatingIncomeAmount>0.00</mostRecentNetOperatingIncomeAmount>
      <netCashFlowFlowSecuritizationAmount>304755.48</netCashFlowFlowSecuritizationAmount>
      <mostRecentNetCashFlowAmount>0.00</mostRecentNetCashFlowAmount>
      <netOperatingIncomeNetCashFlowSecuritizationCode>UW</netOperatingIncomeNetCashFlowSecuritizationCode>
      <netOperatingIncomeNetCashFlowCode>CREFC</netOperatingIncomeNetCashFlowCode>
      <mostRecentDebtServiceAmount>0.00</mostRecentDebtServiceAmount>
      <mostRecentDebtServiceCoverageNetOperatingIncomePercentage>0.00</mostRecentDebtServiceCoverageNetOperatingIncomePercentage>
      <mostRecentDebtServiceCoverageCode>C</mostRecentDebtServiceCoverageCode>
      <mostRecentAnnualLeaseRolloverReviewDate>01-16-2025</mostRecentAnnualLeaseRolloverReviewDate>
    </property>
    <assetAddedIndicator>false</assetAddedIndicator>
  </assets>
  <assets>
    <assetTypeNumber>Prospectus Loan ID</assetTypeNumber>
    <assetNumber>1-010</assetNumber>
    <reportingPeriodBeginningDate>05-12-2026</reportingPeriodBeginningDate>
    <reportingPeriodEndDate>06-11-2026</reportingPeriodEndDate>
    <property>
      <propertyName>ASHEVILLE SV 1 &amp; 2</propertyName>
      <propertyAddress>36 MULBERRY STREET AND 55 MONNIE JONES ROAD</propertyAddress>
      <propertyCity>Asheville, Weaverville</propertyCity>
      <propertyState>NC</propertyState>
      <propertyZip>28804</propertyZip>
      <propertyCounty>Buncombe</propertyCounty>
      <propertyTypeCode>MH</propertyTypeCode>
      <unitsBedsRoomsNumber>48</unitsBedsRoomsNumber>
      <unitsBedsRoomsSecuritizationNumber>48</unitsBedsRoomsSecuritizationNumber>
      <yearBuiltNumber>1985</yearBuiltNumber>
      <yearLastRenovated>2023</yearLastRenovated>
      <valuationSecuritizationAmount>4500000.00</valuationSecuritizationAmount>
      <valuationSourceSecuritizationCode>MAI</valuationSourceSecuritizationCode>
      <valuationSecuritizationDate>02-04-2025</valuationSecuritizationDate>
      <physicalOccupancySecuritizationPercentage>0.96</physicalOccupancySecuritizationPercentage>
      <mostRecentPhysicalOccupancyPercentage>0.98</mostRecentPhysicalOccupancyPercentage>
      <propertyStatusCode>6</propertyStatusCode>
      <financialsSecuritizationDate>12-31-2024</financialsSecuritizationDate>
      <mostRecentFinancialsStartDate>12-31-2024</mostRecentFinancialsStartDate>
      <mostRecentFinancialsEndDate>12-31-2025</mostRecentFinancialsEndDate>
      <revenueSecuritizationAmount>404442.54</revenueSecuritizationAmount>
      <mostRecentRevenueAmount>0.00</mostRecentRevenueAmount>
      <operatingExpensesSecuritizationAmount>126684.25</operatingExpensesSecuritizationAmount>
      <operatingExpensesAmount>0.00</operatingExpensesAmount>
      <netOperatingIncomeSecuritizationAmount>277758.29</netOperatingIncomeSecuritizationAmount>
      <mostRecentNetOperatingIncomeAmount>0.00</mostRecentNetOperatingIncomeAmount>
      <netCashFlowFlowSecuritizationAmount>275358.29</netCashFlowFlowSecuritizationAmount>
      <mostRecentNetCashFlowAmount>0.00</mostRecentNetCashFlowAmount>
      <netOperatingIncomeNetCashFlowSecuritizationCode>UW</netOperatingIncomeNetCashFlowSecuritizationCode>
      <netOperatingIncomeNetCashFlowCode>CREFC</netOperatingIncomeNetCashFlowCode>
      <mostRecentDebtServiceAmount>0.00</mostRecentDebtServiceAmount>
      <mostRecentDebtServiceCoverageNetOperatingIncomePercentage>0.00</mostRecentDebtServiceCoverageNetOperatingIncomePercentage>
      <mostRecentDebtServiceCoverageCode>C</mostRecentDebtServiceCoverageCode>
      <mostRecentAnnualLeaseRolloverReviewDate>01-16-2025</mostRecentAnnualLeaseRolloverReviewDate>
    </property>
    <assetAddedIndicator>false</assetAddedIndicator>
  </assets>
  <assets>
    <assetTypeNumber>Prospectus Loan ID</assetTypeNumber>
    <assetNumber>1-011</assetNumber>
    <reportingPeriodBeginningDate>05-12-2026</reportingPeriodBeginningDate>
    <reportingPeriodEndDate>06-11-2026</reportingPeriodEndDate>
    <property>
      <propertyName>ST PETE SUN ESTATES 2</propertyName>
      <propertyAddress>2600 58TH AVENUE NORTH</propertyAddress>
      <propertyCity>St. Petersburg</propertyCity>
      <propertyState>FL</propertyState>
      <propertyZip>33714</propertyZip>
      <propertyCounty>Pinellas</propertyCounty>
      <propertyTypeCode>MH</propertyTypeCode>
      <unitsBedsRoomsNumber>41</unitsBedsRoomsNumber>
      <unitsBedsRoomsSecuritizationNumber>41</unitsBedsRoomsSecuritizationNumber>
      <yearBuiltNumber>1950</yearBuiltNumber>
      <valuationSecuritizationAmount>4300000.00</valuationSecuritizationAmount>
      <valuationSourceSecuritizationCode>MAI</valuationSourceSecuritizationCode>
      <valuationSecuritizationDate>02-03-2025</valuationSecuritizationDate>
      <physicalOccupancySecuritizationPercentage>0.9</physicalOccupancySecuritizationPercentage>
      <mostRecentPhysicalOccupancyPercentage>0.93</mostRecentPhysicalOccupancyPercentage>
      <propertyStatusCode>6</propertyStatusCode>
      <financialsSecuritizationDate>12-31-2024</financialsSecuritizationDate>
      <mostRecentFinancialsStartDate>12-31-2024</mostRecentFinancialsStartDate>
      <mostRecentFinancialsEndDate>12-31-2025</mostRecentFinancialsEndDate>
      <revenueSecuritizationAmount>448292.92</revenueSecuritizationAmount>
      <mostRecentRevenueAmount>0.00</mostRecentRevenueAmount>
      <operatingExpensesSecuritizationAmount>165934.25</operatingExpensesSecuritizationAmount>
      <operatingExpensesAmount>0.00</operatingExpensesAmount>
      <netOperatingIncomeSecuritizationAmount>282358.67</netOperatingIncomeSecuritizationAmount>
      <mostRecentNetOperatingIncomeAmount>0.00</mostRecentNetOperatingIncomeAmount>
      <netCashFlowFlowSecuritizationAmount>280308.67</netCashFlowFlowSecuritizationAmount>
      <mostRecentNetCashFlowAmount>0.00</mostRecentNetCashFlowAmount>
      <netOperatingIncomeNetCashFlowSecuritizationCode>UW</netOperatingIncomeNetCashFlowSecuritizationCode>
      <netOperatingIncomeNetCashFlowCode>CREFC</netOperatingIncomeNetCashFlowCode>
      <mostRecentDebtServiceAmount>0.00</mostRecentDebtServiceAmount>
      <mostRecentDebtServiceCoverageNetOperatingIncomePercentage>0.00</mostRecentDebtServiceCoverageNetOperatingIncomePercentage>
      <mostRecentDebtServiceCoverageCode>C</mostRecentDebtServiceCoverageCode>
      <mostRecentAnnualLeaseRolloverReviewDate>01-16-2025</mostRecentAnnualLeaseRolloverReviewDate>
    </property>
    <assetAddedIndicator>false</assetAddedIndicator>
  </assets>
  <assets>
    <assetTypeNumber>Prospectus Loan ID</assetTypeNumber>
    <assetNumber>1-012</assetNumber>
    <reportingPeriodBeginningDate>05-12-2026</reportingPeriodBeginningDate>
    <reportingPeriodEndDate>06-11-2026</reportingPeriodEndDate>
    <property>
      <propertyName>HICKORY CORNER MOBILE HOME PARK</propertyName>
      <propertyAddress>105 HICKORY CORNER CIRCLE</propertyAddress>
      <propertyCity>Maryville</propertyCity>
      <propertyState>TN</propertyState>
      <propertyZip>37804</propertyZip>
      <propertyCounty>Blount</propertyCounty>
      <propertyTypeCode>MH</propertyTypeCode>
      <unitsBedsRoomsNumber>54</unitsBedsRoomsNumber>
      <unitsBedsRoomsSecuritizationNumber>54</unitsBedsRoomsSecuritizationNumber>
      <yearBuiltNumber>1950</yearBuiltNumber>
      <yearLastRenovated>2020</yearLastRenovated>
      <valuationSecuritizationAmount>4225000.00</valuationSecuritizationAmount>
      <valuationSourceSecuritizationCode>MAI</valuationSourceSecuritizationCode>
      <valuationSecuritizationDate>02-03-2025</valuationSecuritizationDate>
      <physicalOccupancySecuritizationPercentage>1</physicalOccupancySecuritizationPercentage>
      <mostRecentPhysicalOccupancyPercentage>0.98</mostRecentPhysicalOccupancyPercentage>
      <propertyStatusCode>6</propertyStatusCode>
      <financialsSecuritizationDate>12-31-2024</financialsSecuritizationDate>
      <mostRecentFinancialsStartDate>12-31-2024</mostRecentFinancialsStartDate>
      <mostRecentFinancialsEndDate>12-31-2025</mostRecentFinancialsEndDate>
      <revenueSecuritizationAmount>380815.51</revenueSecuritizationAmount>
      <mostRecentRevenueAmount>0.00</mostRecentRevenueAmount>
      <operatingExpensesSecuritizationAmount>126470.17</operatingExpensesSecuritizationAmount>
      <operatingExpensesAmount>0.00</operatingExpensesAmount>
      <netOperatingIncomeSecuritizationAmount>254345.34</netOperatingIncomeSecuritizationAmount>
      <mostRecentNetOperatingIncomeAmount>0.00</mostRecentNetOperatingIncomeAmount>
      <netCashFlowFlowSecuritizationAmount>251645.34</netCashFlowFlowSecuritizationAmount>
      <mostRecentNetCashFlowAmount>0.00</mostRecentNetCashFlowAmount>
      <netOperatingIncomeNetCashFlowSecuritizationCode>UW</netOperatingIncomeNetCashFlowSecuritizationCode>
      <netOperatingIncomeNetCashFlowCode>CREFC</netOperatingIncomeNetCashFlowCode>
      <mostRecentDebtServiceAmount>0.00</mostRecentDebtServiceAmount>
      <mostRecentDebtServiceCoverageNetOperatingIncomePercentage>0.00</mostRecentDebtServiceCoverageNetOperatingIncomePercentage>
      <mostRecentDebtServiceCoverageCode>C</mostRecentDebtServiceCoverageCode>
      <mostRecentAnnualLeaseRolloverReviewDate>01-16-2025</mostRecentAnnualLeaseRolloverReviewDate>
    </property>
    <assetAddedIndicator>false</assetAddedIndicator>
  </assets>
  <assets>
    <assetTypeNumber>Prospectus Loan ID</assetTypeNumber>
    <assetNumber>1-013</assetNumber>
    <reportingPeriodBeginningDate>05-12-2026</reportingPeriodBeginningDate>
    <reportingPeriodEndDate>06-11-2026</reportingPeriodEndDate>
    <property>
      <propertyName>CREEKSIDE MOBILE HOME PARK</propertyName>
      <propertyAddress>523 LOW GROUND ROAD</propertyAddress>
      <propertyCity>Enfield</propertyCity>
      <propertyState>NC</propertyState>
      <propertyZip>27823</propertyZip>
      <propertyCounty>Halifax</propertyCounty>
      <propertyTypeCode>MH</propertyTypeCode>
      <unitsBedsRoomsNumber>105</unitsBedsRoomsNumber>
      <unitsBedsRoomsSecuritizationNumber>105</unitsBedsRoomsSecuritizationNumber>
      <yearBuiltNumber>1980</yearBuiltNumber>
      <valuationSecuritizationAmount>4100000.00</valuationSecuritizationAmount>
      <valuationSourceSecuritizationCode>MAI</valuationSourceSecuritizationCode>
      <valuationSecuritizationDate>01-29-2025</valuationSecuritizationDate>
      <physicalOccupancySecuritizationPercentage>0.96</physicalOccupancySecuritizationPercentage>
      <mostRecentPhysicalOccupancyPercentage>0.66</mostRecentPhysicalOccupancyPercentage>
      <propertyStatusCode>6</propertyStatusCode>
      <financialsSecuritizationDate>12-31-2024</financialsSecuritizationDate>
      <mostRecentFinancialsStartDate>12-31-2024</mostRecentFinancialsStartDate>
      <mostRecentFinancialsEndDate>12-31-2025</mostRecentFinancialsEndDate>
      <revenueSecuritizationAmount>365152.64</revenueSecuritizationAmount>
      <mostRecentRevenueAmount>0.00</mostRecentRevenueAmount>
      <operatingExpensesSecuritizationAmount>139756.21</operatingExpensesSecuritizationAmount>
      <operatingExpensesAmount>0.00</operatingExpensesAmount>
      <netOperatingIncomeSecuritizationAmount>225396.43</netOperatingIncomeSecuritizationAmount>
      <mostRecentNetOperatingIncomeAmount>0.00</mostRecentNetOperatingIncomeAmount>
      <netCashFlowFlowSecuritizationAmount>220146.43</netCashFlowFlowSecuritizationAmount>
      <mostRecentNetCashFlowAmount>0.00</mostRecentNetCashFlowAmount>
      <netOperatingIncomeNetCashFlowSecuritizationCode>UW</netOperatingIncomeNetCashFlowSecuritizationCode>
      <netOperatingIncomeNetCashFlowCode>CREFC</netOperatingIncomeNetCashFlowCode>
      <mostRecentDebtServiceAmount>0.00</mostRecentDebtServiceAmount>
      <mostRecentDebtServiceCoverageNetOperatingIncomePercentage>0.00</mostRecentDebtServiceCoverageNetOperatingIncomePercentage>
      <mostRecentDebtServiceCoverageCode>C</mostRecentDebtServiceCoverageCode>
      <mostRecentAnnualLeaseRolloverReviewDate>01-16-2025</mostRecentAnnualLeaseRolloverReviewDate>
    </property>
    <assetAddedIndicator>false</assetAddedIndicator>
  </assets>
  <assets>
    <assetTypeNumber>Prospectus Loan ID</assetTypeNumber>
    <assetNumber>1-014</assetNumber>
    <reportingPeriodBeginningDate>05-12-2026</reportingPeriodBeginningDate>
    <reportingPeriodEndDate>06-11-2026</reportingPeriodEndDate>
    <property>
      <propertyName>COMMERCE PARK SUN ESTATES 1 &amp; 2</propertyName>
      <propertyAddress>6800 NORTHWEST GAINESVILLE ROAD &amp; 4023 NORTHWEST GAINESVILLE ROAD</propertyAddress>
      <propertyCity>Ocala</propertyCity>
      <propertyState>FL</propertyState>
      <propertyZip>34475</propertyZip>
      <propertyCounty>Marion</propertyCounty>
      <propertyTypeCode>MH</propertyTypeCode>
      <unitsBedsRoomsNumber>79</unitsBedsRoomsNumber>
      <unitsBedsRoomsSecuritizationNumber>79</unitsBedsRoomsSecuritizationNumber>
      <yearBuiltNumber>1948</yearBuiltNumber>
      <valuationSecuritizationAmount>4100000.00</valuationSecuritizationAmount>
      <valuationSourceSecuritizationCode>MAI</valuationSourceSecuritizationCode>
      <valuationSecuritizationDate>02-03-2025</valuationSecuritizationDate>
      <physicalOccupancySecuritizationPercentage>0.73</physicalOccupancySecuritizationPercentage>
      <mostRecentPhysicalOccupancyPercentage>0.77</mostRecentPhysicalOccupancyPercentage>
      <propertyStatusCode>6</propertyStatusCode>
      <financialsSecuritizationDate>12-31-2024</financialsSecuritizationDate>
      <mostRecentFinancialsStartDate>12-31-2024</mostRecentFinancialsStartDate>
      <mostRecentFinancialsEndDate>12-31-2025</mostRecentFinancialsEndDate>
      <revenueSecuritizationAmount>462358.16</revenueSecuritizationAmount>
      <mostRecentRevenueAmount>0.00</mostRecentRevenueAmount>
      <operatingExpensesSecuritizationAmount>228113.77</operatingExpensesSecuritizationAmount>
      <operatingExpensesAmount>0.00</operatingExpensesAmount>
      <netOperatingIncomeSecuritizationAmount>234244.39</netOperatingIncomeSecuritizationAmount>
      <mostRecentNetOperatingIncomeAmount>0.00</mostRecentNetOperatingIncomeAmount>
      <netCashFlowFlowSecuritizationAmount>230294.39</netCashFlowFlowSecuritizationAmount>
      <mostRecentNetCashFlowAmount>0.00</mostRecentNetCashFlowAmount>
      <netOperatingIncomeNetCashFlowSecuritizationCode>UW</netOperatingIncomeNetCashFlowSecuritizationCode>
      <netOperatingIncomeNetCashFlowCode>CREFC</netOperatingIncomeNetCashFlowCode>
      <mostRecentDebtServiceAmount>0.00</mostRecentDebtServiceAmount>
      <mostRecentDebtServiceCoverageNetOperatingIncomePercentage>0.00</mostRecentDebtServiceCoverageNetOperatingIncomePercentage>
      <mostRecentDebtServiceCoverageCode>C</mostRecentDebtServiceCoverageCode>
      <mostRecentAnnualLeaseRolloverReviewDate>01-16-2025</mostRecentAnnualLeaseRolloverReviewDate>
    </property>
    <assetAddedIndicator>false</assetAddedIndicator>
  </assets>
  <assets>
    <assetTypeNumber>Prospectus Loan ID</assetTypeNumber>
    <assetNumber>1-015</assetNumber>
    <reportingPeriodBeginningDate>05-12-2026</reportingPeriodBeginningDate>
    <reportingPeriodEndDate>06-11-2026</reportingPeriodEndDate>
    <property>
      <propertyName>TAMPA SUN ESTATES 5</propertyName>
      <propertyAddress>221 21ST STREET SOUTHEAST</propertyAddress>
      <propertyCity>Ruskin</propertyCity>
      <propertyState>FL</propertyState>
      <propertyZip>33570</propertyZip>
      <propertyCounty>Hillsborough</propertyCounty>
      <propertyTypeCode>MH</propertyTypeCode>
      <unitsBedsRoomsNumber>38</unitsBedsRoomsNumber>
      <unitsBedsRoomsSecuritizationNumber>38</unitsBedsRoomsSecuritizationNumber>
      <yearBuiltNumber>1958</yearBuiltNumber>
      <valuationSecuritizationAmount>4000000.00</valuationSecuritizationAmount>
      <valuationSourceSecuritizationCode>MAI</valuationSourceSecuritizationCode>
      <valuationSecuritizationDate>02-03-2025</valuationSecuritizationDate>
      <physicalOccupancySecuritizationPercentage>0.92</physicalOccupancySecuritizationPercentage>
      <mostRecentPhysicalOccupancyPercentage>0.95</mostRecentPhysicalOccupancyPercentage>
      <propertyStatusCode>6</propertyStatusCode>
      <financialsSecuritizationDate>12-31-2024</financialsSecuritizationDate>
      <mostRecentFinancialsStartDate>12-31-2024</mostRecentFinancialsStartDate>
      <mostRecentFinancialsEndDate>12-31-2025</mostRecentFinancialsEndDate>
      <revenueSecuritizationAmount>413254.65</revenueSecuritizationAmount>
      <mostRecentRevenueAmount>0.00</mostRecentRevenueAmount>
      <operatingExpensesSecuritizationAmount>162830.36</operatingExpensesSecuritizationAmount>
      <operatingExpensesAmount>0.00</operatingExpensesAmount>
      <netOperatingIncomeSecuritizationAmount>250424.29</netOperatingIncomeSecuritizationAmount>
      <mostRecentNetOperatingIncomeAmount>0.00</mostRecentNetOperatingIncomeAmount>
      <netCashFlowFlowSecuritizationAmount>248524.29</netCashFlowFlowSecuritizationAmount>
      <mostRecentNetCashFlowAmount>0.00</mostRecentNetCashFlowAmount>
      <netOperatingIncomeNetCashFlowSecuritizationCode>UW</netOperatingIncomeNetCashFlowSecuritizationCode>
      <netOperatingIncomeNetCashFlowCode>CREFC</netOperatingIncomeNetCashFlowCode>
      <mostRecentDebtServiceAmount>0.00</mostRecentDebtServiceAmount>
      <mostRecentDebtServiceCoverageNetOperatingIncomePercentage>0.00</mostRecentDebtServiceCoverageNetOperatingIncomePercentage>
      <mostRecentDebtServiceCoverageCode>C</mostRecentDebtServiceCoverageCode>
      <mostRecentAnnualLeaseRolloverReviewDate>01-16-2025</mostRecentAnnualLeaseRolloverReviewDate>
    </property>
    <assetAddedIndicator>false</assetAddedIndicator>
  </assets>
  <assets>
    <assetTypeNumber>Prospectus Loan ID</assetTypeNumber>
    <assetNumber>1-016</assetNumber>
    <reportingPeriodBeginningDate>05-12-2026</reportingPeriodBeginningDate>
    <reportingPeriodEndDate>06-11-2026</reportingPeriodEndDate>
    <property>
      <propertyName>TAMPA SUN ESTATES 6</propertyName>
      <propertyAddress>17123 RICH JO CIRCLE</propertyAddress>
      <propertyCity>Lutz</propertyCity>
      <propertyState>FL</propertyState>
      <propertyZip>33548</propertyZip>
      <propertyCounty>Hillsborough</propertyCounty>
      <propertyTypeCode>MH</propertyTypeCode>
      <unitsBedsRoomsNumber>33</unitsBedsRoomsNumber>
      <unitsBedsRoomsSecuritizationNumber>33</unitsBedsRoomsSecuritizationNumber>
      <yearBuiltNumber>1968</yearBuiltNumber>
      <valuationSecuritizationAmount>3900000.00</valuationSecuritizationAmount>
      <valuationSourceSecuritizationCode>MAI</valuationSourceSecuritizationCode>
      <valuationSecuritizationDate>02-03-2025</valuationSecuritizationDate>
      <physicalOccupancySecuritizationPercentage>0.97</physicalOccupancySecuritizationPercentage>
      <mostRecentPhysicalOccupancyPercentage>1</mostRecentPhysicalOccupancyPercentage>
      <propertyStatusCode>6</propertyStatusCode>
      <financialsSecuritizationDate>12-31-2024</financialsSecuritizationDate>
      <mostRecentFinancialsStartDate>12-31-2024</mostRecentFinancialsStartDate>
      <mostRecentFinancialsEndDate>12-31-2025</mostRecentFinancialsEndDate>
      <revenueSecuritizationAmount>394499.85</revenueSecuritizationAmount>
      <mostRecentRevenueAmount>0.00</mostRecentRevenueAmount>
      <operatingExpensesSecuritizationAmount>132120.84</operatingExpensesSecuritizationAmount>
      <operatingExpensesAmount>0.00</operatingExpensesAmount>
      <netOperatingIncomeSecuritizationAmount>262379.01</netOperatingIncomeSecuritizationAmount>
      <mostRecentNetOperatingIncomeAmount>0.00</mostRecentNetOperatingIncomeAmount>
      <netCashFlowFlowSecuritizationAmount>260729.01</netCashFlowFlowSecuritizationAmount>
      <mostRecentNetCashFlowAmount>0.00</mostRecentNetCashFlowAmount>
      <netOperatingIncomeNetCashFlowSecuritizationCode>UW</netOperatingIncomeNetCashFlowSecuritizationCode>
      <netOperatingIncomeNetCashFlowCode>CREFC</netOperatingIncomeNetCashFlowCode>
      <mostRecentDebtServiceAmount>0.00</mostRecentDebtServiceAmount>
      <mostRecentDebtServiceCoverageNetOperatingIncomePercentage>0.00</mostRecentDebtServiceCoverageNetOperatingIncomePercentage>
      <mostRecentDebtServiceCoverageCode>C</mostRecentDebtServiceCoverageCode>
      <mostRecentAnnualLeaseRolloverReviewDate>01-16-2025</mostRecentAnnualLeaseRolloverReviewDate>
    </property>
    <assetAddedIndicator>false</assetAddedIndicator>
  </assets>
  <assets>
    <assetTypeNumber>Prospectus Loan ID</assetTypeNumber>
    <assetNumber>1-017</assetNumber>
    <reportingPeriodBeginningDate>05-12-2026</reportingPeriodBeginningDate>
    <reportingPeriodEndDate>06-11-2026</reportingPeriodEndDate>
    <property>
      <propertyName>HILLSIDE VILLAGE MOBILE HOME PARK</propertyName>
      <propertyAddress>931 MOBILE LANE</propertyAddress>
      <propertyCity>Gastonia</propertyCity>
      <propertyState>NC</propertyState>
      <propertyZip>28054</propertyZip>
      <propertyCounty>Gaston</propertyCounty>
      <propertyTypeCode>MH</propertyTypeCode>
      <unitsBedsRoomsNumber>39</unitsBedsRoomsNumber>
      <unitsBedsRoomsSecuritizationNumber>39</unitsBedsRoomsSecuritizationNumber>
      <yearBuiltNumber>1960</yearBuiltNumber>
      <valuationSecuritizationAmount>3900000.00</valuationSecuritizationAmount>
      <valuationSourceSecuritizationCode>MAI</valuationSourceSecuritizationCode>
      <valuationSecuritizationDate>02-05-2025</valuationSecuritizationDate>
      <physicalOccupancySecuritizationPercentage>1</physicalOccupancySecuritizationPercentage>
      <mostRecentPhysicalOccupancyPercentage>0.97</mostRecentPhysicalOccupancyPercentage>
      <propertyStatusCode>6</propertyStatusCode>
      <financialsSecuritizationDate>12-31-2024</financialsSecuritizationDate>
      <mostRecentFinancialsStartDate>12-31-2024</mostRecentFinancialsStartDate>
      <mostRecentFinancialsEndDate>12-31-2025</mostRecentFinancialsEndDate>
      <revenueSecuritizationAmount>310913.41</revenueSecuritizationAmount>
      <mostRecentRevenueAmount>0.00</mostRecentRevenueAmount>
      <operatingExpensesSecuritizationAmount>71556.36</operatingExpensesSecuritizationAmount>
      <operatingExpensesAmount>0.00</operatingExpensesAmount>
      <netOperatingIncomeSecuritizationAmount>239357.05</netOperatingIncomeSecuritizationAmount>
      <mostRecentNetOperatingIncomeAmount>0.00</mostRecentNetOperatingIncomeAmount>
      <netCashFlowFlowSecuritizationAmount>237407.05</netCashFlowFlowSecuritizationAmount>
      <mostRecentNetCashFlowAmount>0.00</mostRecentNetCashFlowAmount>
      <netOperatingIncomeNetCashFlowSecuritizationCode>UW</netOperatingIncomeNetCashFlowSecuritizationCode>
      <netOperatingIncomeNetCashFlowCode>CREFC</netOperatingIncomeNetCashFlowCode>
      <mostRecentDebtServiceAmount>0.00</mostRecentDebtServiceAmount>
      <mostRecentDebtServiceCoverageNetOperatingIncomePercentage>0.00</mostRecentDebtServiceCoverageNetOperatingIncomePercentage>
      <mostRecentDebtServiceCoverageCode>C</mostRecentDebtServiceCoverageCode>
      <mostRecentAnnualLeaseRolloverReviewDate>01-16-2025</mostRecentAnnualLeaseRolloverReviewDate>
    </property>
    <assetAddedIndicator>false</assetAddedIndicator>
  </assets>
  <assets>
    <assetTypeNumber>Prospectus Loan ID</assetTypeNumber>
    <assetNumber>1-018</assetNumber>
    <reportingPeriodBeginningDate>05-12-2026</reportingPeriodBeginningDate>
    <reportingPeriodEndDate>06-11-2026</reportingPeriodEndDate>
    <property>
      <propertyName>MEADOWVIEW MOBILE HOME PARK</propertyName>
      <propertyAddress>4427 MORGANTON ROAD</propertyAddress>
      <propertyCity>Maryville</propertyCity>
      <propertyState>TN</propertyState>
      <propertyZip>37801</propertyZip>
      <propertyCounty>Blount</propertyCounty>
      <propertyTypeCode>MH</propertyTypeCode>
      <unitsBedsRoomsNumber>43</unitsBedsRoomsNumber>
      <unitsBedsRoomsSecuritizationNumber>43</unitsBedsRoomsSecuritizationNumber>
      <yearBuiltNumber>1992</yearBuiltNumber>
      <yearLastRenovated>2021</yearLastRenovated>
      <valuationSecuritizationAmount>3900000.00</valuationSecuritizationAmount>
      <valuationSourceSecuritizationCode>MAI</valuationSourceSecuritizationCode>
      <valuationSecuritizationDate>02-03-2025</valuationSecuritizationDate>
      <physicalOccupancySecuritizationPercentage>1</physicalOccupancySecuritizationPercentage>
      <mostRecentPhysicalOccupancyPercentage>1</mostRecentPhysicalOccupancyPercentage>
      <propertyStatusCode>6</propertyStatusCode>
      <financialsSecuritizationDate>12-31-2024</financialsSecuritizationDate>
      <mostRecentFinancialsStartDate>12-31-2024</mostRecentFinancialsStartDate>
      <mostRecentFinancialsEndDate>12-31-2025</mostRecentFinancialsEndDate>
      <revenueSecuritizationAmount>342222.27</revenueSecuritizationAmount>
      <mostRecentRevenueAmount>0.00</mostRecentRevenueAmount>
      <operatingExpensesSecuritizationAmount>107272.42</operatingExpensesSecuritizationAmount>
      <operatingExpensesAmount>0.00</operatingExpensesAmount>
      <netOperatingIncomeSecuritizationAmount>234949.85</netOperatingIncomeSecuritizationAmount>
      <mostRecentNetOperatingIncomeAmount>0.00</mostRecentNetOperatingIncomeAmount>
      <netCashFlowFlowSecuritizationAmount>232799.85</netCashFlowFlowSecuritizationAmount>
      <mostRecentNetCashFlowAmount>0.00</mostRecentNetCashFlowAmount>
      <netOperatingIncomeNetCashFlowSecuritizationCode>UW</netOperatingIncomeNetCashFlowSecuritizationCode>
      <netOperatingIncomeNetCashFlowCode>CREFC</netOperatingIncomeNetCashFlowCode>
      <mostRecentDebtServiceAmount>0.00</mostRecentDebtServiceAmount>
      <mostRecentDebtServiceCoverageNetOperatingIncomePercentage>0.00</mostRecentDebtServiceCoverageNetOperatingIncomePercentage>
      <mostRecentDebtServiceCoverageCode>C</mostRecentDebtServiceCoverageCode>
      <mostRecentAnnualLeaseRolloverReviewDate>01-16-2025</mostRecentAnnualLeaseRolloverReviewDate>
    </property>
    <assetAddedIndicator>false</assetAddedIndicator>
  </assets>
  <assets>
    <assetTypeNumber>Prospectus Loan ID</assetTypeNumber>
    <assetNumber>1-019</assetNumber>
    <reportingPeriodBeginningDate>05-12-2026</reportingPeriodBeginningDate>
    <reportingPeriodEndDate>06-11-2026</reportingPeriodEndDate>
    <property>
      <propertyName>COUNTRYSIDE MOBILE HOME PARK</propertyName>
      <propertyAddress>200 COUNTRYSIDE CIRCLE</propertyAddress>
      <propertyCity>Moore</propertyCity>
      <propertyState>SC</propertyState>
      <propertyZip>29369</propertyZip>
      <propertyCounty>Spartanburg</propertyCounty>
      <propertyTypeCode>MH</propertyTypeCode>
      <unitsBedsRoomsNumber>65</unitsBedsRoomsNumber>
      <unitsBedsRoomsSecuritizationNumber>65</unitsBedsRoomsSecuritizationNumber>
      <yearBuiltNumber>1984</yearBuiltNumber>
      <valuationSecuritizationAmount>3825000.00</valuationSecuritizationAmount>
      <valuationSourceSecuritizationCode>MAI</valuationSourceSecuritizationCode>
      <valuationSecuritizationDate>02-04-2025</valuationSecuritizationDate>
      <physicalOccupancySecuritizationPercentage>1</physicalOccupancySecuritizationPercentage>
      <mostRecentPhysicalOccupancyPercentage>1</mostRecentPhysicalOccupancyPercentage>
      <propertyStatusCode>6</propertyStatusCode>
      <financialsSecuritizationDate>12-31-2024</financialsSecuritizationDate>
      <mostRecentFinancialsStartDate>12-31-2024</mostRecentFinancialsStartDate>
      <mostRecentFinancialsEndDate>12-31-2025</mostRecentFinancialsEndDate>
      <revenueSecuritizationAmount>436129.62</revenueSecuritizationAmount>
      <mostRecentRevenueAmount>0.00</mostRecentRevenueAmount>
      <operatingExpensesSecuritizationAmount>158793.77</operatingExpensesSecuritizationAmount>
      <operatingExpensesAmount>0.00</operatingExpensesAmount>
      <netOperatingIncomeSecuritizationAmount>277335.85</netOperatingIncomeSecuritizationAmount>
      <mostRecentNetOperatingIncomeAmount>0.00</mostRecentNetOperatingIncomeAmount>
      <netCashFlowFlowSecuritizationAmount>274085.85</netCashFlowFlowSecuritizationAmount>
      <mostRecentNetCashFlowAmount>0.00</mostRecentNetCashFlowAmount>
      <netOperatingIncomeNetCashFlowSecuritizationCode>UW</netOperatingIncomeNetCashFlowSecuritizationCode>
      <netOperatingIncomeNetCashFlowCode>CREFC</netOperatingIncomeNetCashFlowCode>
      <mostRecentDebtServiceAmount>0.00</mostRecentDebtServiceAmount>
      <mostRecentDebtServiceCoverageNetOperatingIncomePercentage>0.00</mostRecentDebtServiceCoverageNetOperatingIncomePercentage>
      <mostRecentDebtServiceCoverageCode>C</mostRecentDebtServiceCoverageCode>
      <mostRecentAnnualLeaseRolloverReviewDate>01-16-2025</mostRecentAnnualLeaseRolloverReviewDate>
    </property>
    <assetAddedIndicator>false</assetAddedIndicator>
  </assets>
  <assets>
    <assetTypeNumber>Prospectus Loan ID</assetTypeNumber>
    <assetNumber>1-020</assetNumber>
    <reportingPeriodBeginningDate>05-12-2026</reportingPeriodBeginningDate>
    <reportingPeriodEndDate>06-11-2026</reportingPeriodEndDate>
    <property>
      <propertyName>CHARLOTTE SOUTHERN VILLAGES 2</propertyName>
      <propertyAddress>3500 GREEN HAVEN COURT</propertyAddress>
      <propertyCity>Concord</propertyCity>
      <propertyState>NC</propertyState>
      <propertyZip>28025</propertyZip>
      <propertyCounty>Cabarrus</propertyCounty>
      <propertyTypeCode>MH</propertyTypeCode>
      <unitsBedsRoomsNumber>42</unitsBedsRoomsNumber>
      <unitsBedsRoomsSecuritizationNumber>42</unitsBedsRoomsSecuritizationNumber>
      <yearBuiltNumber>1967</yearBuiltNumber>
      <valuationSecuritizationAmount>3750000.00</valuationSecuritizationAmount>
      <valuationSourceSecuritizationCode>MAI</valuationSourceSecuritizationCode>
      <valuationSecuritizationDate>02-05-2025</valuationSecuritizationDate>
      <physicalOccupancySecuritizationPercentage>0.98</physicalOccupancySecuritizationPercentage>
      <mostRecentPhysicalOccupancyPercentage>1</mostRecentPhysicalOccupancyPercentage>
      <propertyStatusCode>6</propertyStatusCode>
      <financialsSecuritizationDate>12-31-2024</financialsSecuritizationDate>
      <mostRecentFinancialsStartDate>12-31-2024</mostRecentFinancialsStartDate>
      <mostRecentFinancialsEndDate>12-31-2025</mostRecentFinancialsEndDate>
      <revenueSecuritizationAmount>326031.18</revenueSecuritizationAmount>
      <mostRecentRevenueAmount>0.00</mostRecentRevenueAmount>
      <operatingExpensesSecuritizationAmount>95103.60</operatingExpensesSecuritizationAmount>
      <operatingExpensesAmount>0.00</operatingExpensesAmount>
      <netOperatingIncomeSecuritizationAmount>230927.58</netOperatingIncomeSecuritizationAmount>
      <mostRecentNetOperatingIncomeAmount>0.00</mostRecentNetOperatingIncomeAmount>
      <netCashFlowFlowSecuritizationAmount>228827.58</netCashFlowFlowSecuritizationAmount>
      <mostRecentNetCashFlowAmount>0.00</mostRecentNetCashFlowAmount>
      <netOperatingIncomeNetCashFlowSecuritizationCode>UW</netOperatingIncomeNetCashFlowSecuritizationCode>
      <netOperatingIncomeNetCashFlowCode>CREFC</netOperatingIncomeNetCashFlowCode>
      <mostRecentDebtServiceAmount>0.00</mostRecentDebtServiceAmount>
      <mostRecentDebtServiceCoverageNetOperatingIncomePercentage>0.00</mostRecentDebtServiceCoverageNetOperatingIncomePercentage>
      <mostRecentDebtServiceCoverageCode>C</mostRecentDebtServiceCoverageCode>
      <mostRecentAnnualLeaseRolloverReviewDate>01-16-2025</mostRecentAnnualLeaseRolloverReviewDate>
    </property>
    <assetAddedIndicator>false</assetAddedIndicator>
  </assets>
  <assets>
    <assetTypeNumber>Prospectus Loan ID</assetTypeNumber>
    <assetNumber>1-021</assetNumber>
    <reportingPeriodBeginningDate>05-12-2026</reportingPeriodBeginningDate>
    <reportingPeriodEndDate>06-11-2026</reportingPeriodEndDate>
    <property>
      <propertyName>UNIVERSITY SUN ESTATES</propertyName>
      <propertyAddress>16268 EAST COLONIAL DRIVE</propertyAddress>
      <propertyCity>Orlando</propertyCity>
      <propertyState>FL</propertyState>
      <propertyZip>32820</propertyZip>
      <propertyCounty>Orange</propertyCounty>
      <propertyTypeCode>MH</propertyTypeCode>
      <unitsBedsRoomsNumber>37</unitsBedsRoomsNumber>
      <unitsBedsRoomsSecuritizationNumber>37</unitsBedsRoomsSecuritizationNumber>
      <yearBuiltNumber>1958</yearBuiltNumber>
      <valuationSecuritizationAmount>3400000.00</valuationSecuritizationAmount>
      <valuationSourceSecuritizationCode>MAI</valuationSourceSecuritizationCode>
      <valuationSecuritizationDate>02-03-2025</valuationSecuritizationDate>
      <physicalOccupancySecuritizationPercentage>0.87</physicalOccupancySecuritizationPercentage>
      <mostRecentPhysicalOccupancyPercentage>1</mostRecentPhysicalOccupancyPercentage>
      <propertyStatusCode>6</propertyStatusCode>
      <financialsSecuritizationDate>12-31-2024</financialsSecuritizationDate>
      <mostRecentFinancialsStartDate>12-31-2024</mostRecentFinancialsStartDate>
      <mostRecentFinancialsEndDate>12-31-2025</mostRecentFinancialsEndDate>
      <revenueSecuritizationAmount>354398.76</revenueSecuritizationAmount>
      <mostRecentRevenueAmount>0.00</mostRecentRevenueAmount>
      <operatingExpensesSecuritizationAmount>149555.69</operatingExpensesSecuritizationAmount>
      <operatingExpensesAmount>0.00</operatingExpensesAmount>
      <netOperatingIncomeSecuritizationAmount>204843.07</netOperatingIncomeSecuritizationAmount>
      <mostRecentNetOperatingIncomeAmount>0.00</mostRecentNetOperatingIncomeAmount>
      <netCashFlowFlowSecuritizationAmount>202993.07</netCashFlowFlowSecuritizationAmount>
      <mostRecentNetCashFlowAmount>0.00</mostRecentNetCashFlowAmount>
      <netOperatingIncomeNetCashFlowSecuritizationCode>UW</netOperatingIncomeNetCashFlowSecuritizationCode>
      <netOperatingIncomeNetCashFlowCode>CREFC</netOperatingIncomeNetCashFlowCode>
      <mostRecentDebtServiceAmount>0.00</mostRecentDebtServiceAmount>
      <mostRecentDebtServiceCoverageNetOperatingIncomePercentage>0.00</mostRecentDebtServiceCoverageNetOperatingIncomePercentage>
      <mostRecentDebtServiceCoverageCode>C</mostRecentDebtServiceCoverageCode>
      <mostRecentAnnualLeaseRolloverReviewDate>01-16-2025</mostRecentAnnualLeaseRolloverReviewDate>
    </property>
    <assetAddedIndicator>false</assetAddedIndicator>
  </assets>
  <assets>
    <assetTypeNumber>Prospectus Loan ID</assetTypeNumber>
    <assetNumber>1-022</assetNumber>
    <reportingPeriodBeginningDate>05-12-2026</reportingPeriodBeginningDate>
    <reportingPeriodEndDate>06-11-2026</reportingPeriodEndDate>
    <property>
      <propertyName>KNOXVILLE SV 1 &amp; 2</propertyName>
      <propertyAddress>260 SAGEBRUSH WAY; 209 ALLENDALE DRIVE</propertyAddress>
      <propertyCity>Maryville, Friendsville</propertyCity>
      <propertyState>TN</propertyState>
      <propertyZip>37801</propertyZip>
      <propertyCounty>Blount</propertyCounty>
      <propertyTypeCode>MH</propertyTypeCode>
      <unitsBedsRoomsNumber>53</unitsBedsRoomsNumber>
      <unitsBedsRoomsSecuritizationNumber>53</unitsBedsRoomsSecuritizationNumber>
      <yearBuiltNumber>1986</yearBuiltNumber>
      <valuationSecuritizationAmount>3425000.00</valuationSecuritizationAmount>
      <valuationSourceSecuritizationCode>MAI</valuationSourceSecuritizationCode>
      <valuationSecuritizationDate>02-03-2025</valuationSecuritizationDate>
      <physicalOccupancySecuritizationPercentage>0.79</physicalOccupancySecuritizationPercentage>
      <mostRecentPhysicalOccupancyPercentage>0.86</mostRecentPhysicalOccupancyPercentage>
      <propertyStatusCode>6</propertyStatusCode>
      <financialsSecuritizationDate>12-31-2024</financialsSecuritizationDate>
      <mostRecentFinancialsStartDate>12-31-2024</mostRecentFinancialsStartDate>
      <mostRecentFinancialsEndDate>12-31-2025</mostRecentFinancialsEndDate>
      <revenueSecuritizationAmount>285191.05</revenueSecuritizationAmount>
      <mostRecentRevenueAmount>0.00</mostRecentRevenueAmount>
      <operatingExpensesSecuritizationAmount>110025.22</operatingExpensesSecuritizationAmount>
      <operatingExpensesAmount>0.00</operatingExpensesAmount>
      <netOperatingIncomeSecuritizationAmount>175165.83</netOperatingIncomeSecuritizationAmount>
      <mostRecentNetOperatingIncomeAmount>0.00</mostRecentNetOperatingIncomeAmount>
      <netCashFlowFlowSecuritizationAmount>172515.83</netCashFlowFlowSecuritizationAmount>
      <mostRecentNetCashFlowAmount>0.00</mostRecentNetCashFlowAmount>
      <netOperatingIncomeNetCashFlowSecuritizationCode>UW</netOperatingIncomeNetCashFlowSecuritizationCode>
      <netOperatingIncomeNetCashFlowCode>CREFC</netOperatingIncomeNetCashFlowCode>
      <mostRecentDebtServiceAmount>0.00</mostRecentDebtServiceAmount>
      <mostRecentDebtServiceCoverageNetOperatingIncomePercentage>0.00</mostRecentDebtServiceCoverageNetOperatingIncomePercentage>
      <mostRecentDebtServiceCoverageCode>C</mostRecentDebtServiceCoverageCode>
      <mostRecentAnnualLeaseRolloverReviewDate>01-16-2025</mostRecentAnnualLeaseRolloverReviewDate>
    </property>
    <assetAddedIndicator>false</assetAddedIndicator>
  </assets>
  <assets>
    <assetTypeNumber>Prospectus Loan ID</assetTypeNumber>
    <assetNumber>1-023</assetNumber>
    <reportingPeriodBeginningDate>05-12-2026</reportingPeriodBeginningDate>
    <reportingPeriodEndDate>06-11-2026</reportingPeriodEndDate>
    <property>
      <propertyName>DOGWOOD MOBILE HOME PARK</propertyName>
      <propertyAddress>1220 BRANCH STREET</propertyAddress>
      <propertyCity>Gastonia</propertyCity>
      <propertyState>NC</propertyState>
      <propertyZip>28054</propertyZip>
      <propertyCounty>Gaston</propertyCounty>
      <propertyTypeCode>MH</propertyTypeCode>
      <unitsBedsRoomsNumber>33</unitsBedsRoomsNumber>
      <unitsBedsRoomsSecuritizationNumber>33</unitsBedsRoomsSecuritizationNumber>
      <yearBuiltNumber>1960</yearBuiltNumber>
      <valuationSecuritizationAmount>3100000.00</valuationSecuritizationAmount>
      <valuationSourceSecuritizationCode>MAI</valuationSourceSecuritizationCode>
      <valuationSecuritizationDate>02-05-2025</valuationSecuritizationDate>
      <physicalOccupancySecuritizationPercentage>1</physicalOccupancySecuritizationPercentage>
      <mostRecentPhysicalOccupancyPercentage>1</mostRecentPhysicalOccupancyPercentage>
      <propertyStatusCode>6</propertyStatusCode>
      <financialsSecuritizationDate>12-31-2024</financialsSecuritizationDate>
      <mostRecentFinancialsStartDate>12-31-2024</mostRecentFinancialsStartDate>
      <mostRecentFinancialsEndDate>12-31-2025</mostRecentFinancialsEndDate>
      <revenueSecuritizationAmount>291451.64</revenueSecuritizationAmount>
      <mostRecentRevenueAmount>0.00</mostRecentRevenueAmount>
      <operatingExpensesSecuritizationAmount>86270.60</operatingExpensesSecuritizationAmount>
      <operatingExpensesAmount>0.00</operatingExpensesAmount>
      <netOperatingIncomeSecuritizationAmount>205181.04</netOperatingIncomeSecuritizationAmount>
      <mostRecentNetOperatingIncomeAmount>0.00</mostRecentNetOperatingIncomeAmount>
      <netCashFlowFlowSecuritizationAmount>203531.04</netCashFlowFlowSecuritizationAmount>
      <mostRecentNetCashFlowAmount>0.00</mostRecentNetCashFlowAmount>
      <netOperatingIncomeNetCashFlowSecuritizationCode>UW</netOperatingIncomeNetCashFlowSecuritizationCode>
      <netOperatingIncomeNetCashFlowCode>CREFC</netOperatingIncomeNetCashFlowCode>
      <mostRecentDebtServiceAmount>0.00</mostRecentDebtServiceAmount>
      <mostRecentDebtServiceCoverageNetOperatingIncomePercentage>0.00</mostRecentDebtServiceCoverageNetOperatingIncomePercentage>
      <mostRecentDebtServiceCoverageCode>C</mostRecentDebtServiceCoverageCode>
      <mostRecentAnnualLeaseRolloverReviewDate>01-16-2025</mostRecentAnnualLeaseRolloverReviewDate>
    </property>
    <assetAddedIndicator>false</assetAddedIndicator>
  </assets>
  <assets>
    <assetTypeNumber>Prospectus Loan ID</assetTypeNumber>
    <assetNumber>1-024</assetNumber>
    <reportingPeriodBeginningDate>05-12-2026</reportingPeriodBeginningDate>
    <reportingPeriodEndDate>06-11-2026</reportingPeriodEndDate>
    <property>
      <propertyName>CHERRY VALLEY MOBILE HOME PARK</propertyName>
      <propertyAddress>77 J R LANE</propertyAddress>
      <propertyCity>Candler</propertyCity>
      <propertyState>NC</propertyState>
      <propertyZip>28715</propertyZip>
      <propertyCounty>Buncombe</propertyCounty>
      <propertyTypeCode>MH</propertyTypeCode>
      <unitsBedsRoomsNumber>33</unitsBedsRoomsNumber>
      <unitsBedsRoomsSecuritizationNumber>33</unitsBedsRoomsSecuritizationNumber>
      <yearBuiltNumber>1998</yearBuiltNumber>
      <valuationSecuritizationAmount>3075000.00</valuationSecuritizationAmount>
      <valuationSourceSecuritizationCode>MAI</valuationSourceSecuritizationCode>
      <valuationSecuritizationDate>02-04-2025</valuationSecuritizationDate>
      <physicalOccupancySecuritizationPercentage>1</physicalOccupancySecuritizationPercentage>
      <mostRecentPhysicalOccupancyPercentage>1</mostRecentPhysicalOccupancyPercentage>
      <propertyStatusCode>6</propertyStatusCode>
      <financialsSecuritizationDate>12-31-2024</financialsSecuritizationDate>
      <mostRecentFinancialsStartDate>12-31-2024</mostRecentFinancialsStartDate>
      <mostRecentFinancialsEndDate>12-31-2025</mostRecentFinancialsEndDate>
      <revenueSecuritizationAmount>279993.35</revenueSecuritizationAmount>
      <mostRecentRevenueAmount>0.00</mostRecentRevenueAmount>
      <operatingExpensesSecuritizationAmount>76815.03</operatingExpensesSecuritizationAmount>
      <operatingExpensesAmount>0.00</operatingExpensesAmount>
      <netOperatingIncomeSecuritizationAmount>203178.32</netOperatingIncomeSecuritizationAmount>
      <mostRecentNetOperatingIncomeAmount>0.00</mostRecentNetOperatingIncomeAmount>
      <netCashFlowFlowSecuritizationAmount>201528.32</netCashFlowFlowSecuritizationAmount>
      <mostRecentNetCashFlowAmount>0.00</mostRecentNetCashFlowAmount>
      <netOperatingIncomeNetCashFlowSecuritizationCode>UW</netOperatingIncomeNetCashFlowSecuritizationCode>
      <netOperatingIncomeNetCashFlowCode>CREFC</netOperatingIncomeNetCashFlowCode>
      <mostRecentDebtServiceAmount>0.00</mostRecentDebtServiceAmount>
      <mostRecentDebtServiceCoverageNetOperatingIncomePercentage>0.00</mostRecentDebtServiceCoverageNetOperatingIncomePercentage>
      <mostRecentDebtServiceCoverageCode>C</mostRecentDebtServiceCoverageCode>
      <mostRecentAnnualLeaseRolloverReviewDate>01-16-2025</mostRecentAnnualLeaseRolloverReviewDate>
    </property>
    <assetAddedIndicator>false</assetAddedIndicator>
  </assets>
  <assets>
    <assetTypeNumber>Prospectus Loan ID</assetTypeNumber>
    <assetNumber>1-025</assetNumber>
    <reportingPeriodBeginningDate>05-12-2026</reportingPeriodBeginningDate>
    <reportingPeriodEndDate>06-11-2026</reportingPeriodEndDate>
    <property>
      <propertyName>EASTGATE MOBILE HOME PARK</propertyName>
      <propertyAddress>100 RICHEY DRIVE</propertyAddress>
      <propertyCity>Greer</propertyCity>
      <propertyState>SC</propertyState>
      <propertyZip>29651</propertyZip>
      <propertyCounty>Spartanburg</propertyCounty>
      <propertyTypeCode>MH</propertyTypeCode>
      <unitsBedsRoomsNumber>42</unitsBedsRoomsNumber>
      <unitsBedsRoomsSecuritizationNumber>42</unitsBedsRoomsSecuritizationNumber>
      <yearBuiltNumber>1980</yearBuiltNumber>
      <valuationSecuritizationAmount>2725000.00</valuationSecuritizationAmount>
      <valuationSourceSecuritizationCode>MAI</valuationSourceSecuritizationCode>
      <valuationSecuritizationDate>02-04-2025</valuationSecuritizationDate>
      <physicalOccupancySecuritizationPercentage>0.98</physicalOccupancySecuritizationPercentage>
      <mostRecentPhysicalOccupancyPercentage>1</mostRecentPhysicalOccupancyPercentage>
      <propertyStatusCode>6</propertyStatusCode>
      <financialsSecuritizationDate>12-31-2024</financialsSecuritizationDate>
      <mostRecentFinancialsStartDate>12-31-2024</mostRecentFinancialsStartDate>
      <mostRecentFinancialsEndDate>12-31-2025</mostRecentFinancialsEndDate>
      <revenueSecuritizationAmount>257860.18</revenueSecuritizationAmount>
      <mostRecentRevenueAmount>0.00</mostRecentRevenueAmount>
      <operatingExpensesSecuritizationAmount>68310.89</operatingExpensesSecuritizationAmount>
      <operatingExpensesAmount>0.00</operatingExpensesAmount>
      <netOperatingIncomeSecuritizationAmount>189549.29</netOperatingIncomeSecuritizationAmount>
      <mostRecentNetOperatingIncomeAmount>0.00</mostRecentNetOperatingIncomeAmount>
      <netCashFlowFlowSecuritizationAmount>187449.29</netCashFlowFlowSecuritizationAmount>
      <mostRecentNetCashFlowAmount>0.00</mostRecentNetCashFlowAmount>
      <netOperatingIncomeNetCashFlowSecuritizationCode>UW</netOperatingIncomeNetCashFlowSecuritizationCode>
      <netOperatingIncomeNetCashFlowCode>CREFC</netOperatingIncomeNetCashFlowCode>
      <mostRecentDebtServiceAmount>0.00</mostRecentDebtServiceAmount>
      <mostRecentDebtServiceCoverageNetOperatingIncomePercentage>0.00</mostRecentDebtServiceCoverageNetOperatingIncomePercentage>
      <mostRecentDebtServiceCoverageCode>C</mostRecentDebtServiceCoverageCode>
      <mostRecentAnnualLeaseRolloverReviewDate>01-16-2025</mostRecentAnnualLeaseRolloverReviewDate>
    </property>
    <assetAddedIndicator>false</assetAddedIndicator>
  </assets>
  <assets>
    <assetTypeNumber>Prospectus Loan ID</assetTypeNumber>
    <assetNumber>1-026</assetNumber>
    <reportingPeriodBeginningDate>05-12-2026</reportingPeriodBeginningDate>
    <reportingPeriodEndDate>06-11-2026</reportingPeriodEndDate>
    <property>
      <propertyName>NORTH ORLANDO SUN ESTATES 2</propertyName>
      <propertyAddress>481 SUNSHINE COURT</propertyAddress>
      <propertyCity>Deland</propertyCity>
      <propertyState>FL</propertyState>
      <propertyZip>32724</propertyZip>
      <propertyCounty>Volusia</propertyCounty>
      <propertyTypeCode>MH</propertyTypeCode>
      <unitsBedsRoomsNumber>31</unitsBedsRoomsNumber>
      <unitsBedsRoomsSecuritizationNumber>31</unitsBedsRoomsSecuritizationNumber>
      <yearBuiltNumber>1967</yearBuiltNumber>
      <valuationSecuritizationAmount>2700000.00</valuationSecuritizationAmount>
      <valuationSourceSecuritizationCode>MAI</valuationSourceSecuritizationCode>
      <valuationSecuritizationDate>02-03-2025</valuationSecuritizationDate>
      <physicalOccupancySecuritizationPercentage>0.97</physicalOccupancySecuritizationPercentage>
      <mostRecentPhysicalOccupancyPercentage>0.97</mostRecentPhysicalOccupancyPercentage>
      <propertyStatusCode>6</propertyStatusCode>
      <financialsSecuritizationDate>12-31-2024</financialsSecuritizationDate>
      <mostRecentFinancialsStartDate>12-31-2024</mostRecentFinancialsStartDate>
      <mostRecentFinancialsEndDate>12-31-2025</mostRecentFinancialsEndDate>
      <revenueSecuritizationAmount>315159.62</revenueSecuritizationAmount>
      <mostRecentRevenueAmount>0.00</mostRecentRevenueAmount>
      <operatingExpensesSecuritizationAmount>125530.42</operatingExpensesSecuritizationAmount>
      <operatingExpensesAmount>0.00</operatingExpensesAmount>
      <netOperatingIncomeSecuritizationAmount>189629.20</netOperatingIncomeSecuritizationAmount>
      <mostRecentNetOperatingIncomeAmount>0.00</mostRecentNetOperatingIncomeAmount>
      <netCashFlowFlowSecuritizationAmount>188079.20</netCashFlowFlowSecuritizationAmount>
      <mostRecentNetCashFlowAmount>0.00</mostRecentNetCashFlowAmount>
      <netOperatingIncomeNetCashFlowSecuritizationCode>UW</netOperatingIncomeNetCashFlowSecuritizationCode>
      <netOperatingIncomeNetCashFlowCode>CREFC</netOperatingIncomeNetCashFlowCode>
      <mostRecentDebtServiceAmount>0.00</mostRecentDebtServiceAmount>
      <mostRecentDebtServiceCoverageNetOperatingIncomePercentage>0.00</mostRecentDebtServiceCoverageNetOperatingIncomePercentage>
      <mostRecentDebtServiceCoverageCode>C</mostRecentDebtServiceCoverageCode>
      <mostRecentAnnualLeaseRolloverReviewDate>01-16-2025</mostRecentAnnualLeaseRolloverReviewDate>
    </property>
    <assetAddedIndicator>false</assetAddedIndicator>
  </assets>
  <assets>
    <assetTypeNumber>Prospectus Loan ID</assetTypeNumber>
    <assetNumber>1-027</assetNumber>
    <reportingPeriodBeginningDate>05-12-2026</reportingPeriodBeginningDate>
    <reportingPeriodEndDate>06-11-2026</reportingPeriodEndDate>
    <property>
      <propertyName>GADDY MOBILE HOME PARK</propertyName>
      <propertyAddress>1055 GADDY MOBILE HOME DRIVE</propertyAddress>
      <propertyCity>Kannapolis</propertyCity>
      <propertyState>NC</propertyState>
      <propertyZip>28081</propertyZip>
      <propertyCounty>Rowan</propertyCounty>
      <propertyTypeCode>MH</propertyTypeCode>
      <unitsBedsRoomsNumber>29</unitsBedsRoomsNumber>
      <unitsBedsRoomsSecuritizationNumber>29</unitsBedsRoomsSecuritizationNumber>
      <yearBuiltNumber>1967</yearBuiltNumber>
      <valuationSecuritizationAmount>2525000.00</valuationSecuritizationAmount>
      <valuationSourceSecuritizationCode>MAI</valuationSourceSecuritizationCode>
      <valuationSecuritizationDate>02-05-2025</valuationSecuritizationDate>
      <physicalOccupancySecuritizationPercentage>1</physicalOccupancySecuritizationPercentage>
      <mostRecentPhysicalOccupancyPercentage>1</mostRecentPhysicalOccupancyPercentage>
      <propertyStatusCode>6</propertyStatusCode>
      <financialsSecuritizationDate>12-31-2024</financialsSecuritizationDate>
      <mostRecentFinancialsStartDate>12-31-2024</mostRecentFinancialsStartDate>
      <mostRecentFinancialsEndDate>12-31-2025</mostRecentFinancialsEndDate>
      <revenueSecuritizationAmount>209400.78</revenueSecuritizationAmount>
      <mostRecentRevenueAmount>0.00</mostRecentRevenueAmount>
      <operatingExpensesSecuritizationAmount>53262.21</operatingExpensesSecuritizationAmount>
      <operatingExpensesAmount>0.00</operatingExpensesAmount>
      <netOperatingIncomeSecuritizationAmount>156138.57</netOperatingIncomeSecuritizationAmount>
      <mostRecentNetOperatingIncomeAmount>0.00</mostRecentNetOperatingIncomeAmount>
      <netCashFlowFlowSecuritizationAmount>154688.57</netCashFlowFlowSecuritizationAmount>
      <mostRecentNetCashFlowAmount>0.00</mostRecentNetCashFlowAmount>
      <netOperatingIncomeNetCashFlowSecuritizationCode>UW</netOperatingIncomeNetCashFlowSecuritizationCode>
      <netOperatingIncomeNetCashFlowCode>CREFC</netOperatingIncomeNetCashFlowCode>
      <mostRecentDebtServiceAmount>0.00</mostRecentDebtServiceAmount>
      <mostRecentDebtServiceCoverageNetOperatingIncomePercentage>0.00</mostRecentDebtServiceCoverageNetOperatingIncomePercentage>
      <mostRecentDebtServiceCoverageCode>C</mostRecentDebtServiceCoverageCode>
      <mostRecentAnnualLeaseRolloverReviewDate>01-16-2025</mostRecentAnnualLeaseRolloverReviewDate>
    </property>
    <assetAddedIndicator>false</assetAddedIndicator>
  </assets>
  <assets>
    <assetTypeNumber>Prospectus Loan ID</assetTypeNumber>
    <assetNumber>1-028</assetNumber>
    <reportingPeriodBeginningDate>05-12-2026</reportingPeriodBeginningDate>
    <reportingPeriodEndDate>06-11-2026</reportingPeriodEndDate>
    <property>
      <propertyName>ARCHDALE MOBILE HOME PARK</propertyName>
      <propertyAddress>100 ARCHDALE DRIVE</propertyAddress>
      <propertyCity>Bessemer City</propertyCity>
      <propertyState>NC</propertyState>
      <propertyZip>28016</propertyZip>
      <propertyCounty>Gaston</propertyCounty>
      <propertyTypeCode>MH</propertyTypeCode>
      <unitsBedsRoomsNumber>29</unitsBedsRoomsNumber>
      <unitsBedsRoomsSecuritizationNumber>29</unitsBedsRoomsSecuritizationNumber>
      <yearBuiltNumber>1960</yearBuiltNumber>
      <valuationSecuritizationAmount>2400000.00</valuationSecuritizationAmount>
      <valuationSourceSecuritizationCode>MAI</valuationSourceSecuritizationCode>
      <valuationSecuritizationDate>02-05-2025</valuationSecuritizationDate>
      <physicalOccupancySecuritizationPercentage>1</physicalOccupancySecuritizationPercentage>
      <mostRecentPhysicalOccupancyPercentage>1</mostRecentPhysicalOccupancyPercentage>
      <propertyStatusCode>6</propertyStatusCode>
      <financialsSecuritizationDate>12-31-2024</financialsSecuritizationDate>
      <mostRecentFinancialsStartDate>12-31-2024</mostRecentFinancialsStartDate>
      <mostRecentFinancialsEndDate>12-31-2025</mostRecentFinancialsEndDate>
      <revenueSecuritizationAmount>201257.38</revenueSecuritizationAmount>
      <mostRecentRevenueAmount>0.00</mostRecentRevenueAmount>
      <operatingExpensesSecuritizationAmount>68337.24</operatingExpensesSecuritizationAmount>
      <operatingExpensesAmount>0.00</operatingExpensesAmount>
      <netOperatingIncomeSecuritizationAmount>132920.14</netOperatingIncomeSecuritizationAmount>
      <mostRecentNetOperatingIncomeAmount>0.00</mostRecentNetOperatingIncomeAmount>
      <netCashFlowFlowSecuritizationAmount>131470.14</netCashFlowFlowSecuritizationAmount>
      <mostRecentNetCashFlowAmount>0.00</mostRecentNetCashFlowAmount>
      <netOperatingIncomeNetCashFlowSecuritizationCode>UW</netOperatingIncomeNetCashFlowSecuritizationCode>
      <netOperatingIncomeNetCashFlowCode>CREFC</netOperatingIncomeNetCashFlowCode>
      <mostRecentDebtServiceAmount>0.00</mostRecentDebtServiceAmount>
      <mostRecentDebtServiceCoverageNetOperatingIncomePercentage>0.00</mostRecentDebtServiceCoverageNetOperatingIncomePercentage>
      <mostRecentDebtServiceCoverageCode>C</mostRecentDebtServiceCoverageCode>
      <mostRecentAnnualLeaseRolloverReviewDate>01-16-2025</mostRecentAnnualLeaseRolloverReviewDate>
    </property>
    <assetAddedIndicator>false</assetAddedIndicator>
  </assets>
  <assets>
    <assetTypeNumber>Prospectus Loan ID</assetTypeNumber>
    <assetNumber>1-029</assetNumber>
    <reportingPeriodBeginningDate>05-12-2026</reportingPeriodBeginningDate>
    <reportingPeriodEndDate>06-11-2026</reportingPeriodEndDate>
    <property>
      <propertyName>TAMPA SUN ESTATES 2</propertyName>
      <propertyAddress>10803 NORTH ANNETTE AVENUE</propertyAddress>
      <propertyCity>Tampa</propertyCity>
      <propertyState>FL</propertyState>
      <propertyZip>33612</propertyZip>
      <propertyCounty>Hillsborough</propertyCounty>
      <propertyTypeCode>MH</propertyTypeCode>
      <unitsBedsRoomsNumber>23</unitsBedsRoomsNumber>
      <unitsBedsRoomsSecuritizationNumber>23</unitsBedsRoomsSecuritizationNumber>
      <yearBuiltNumber>1948</yearBuiltNumber>
      <valuationSecuritizationAmount>2300000.00</valuationSecuritizationAmount>
      <valuationSourceSecuritizationCode>MAI</valuationSourceSecuritizationCode>
      <valuationSecuritizationDate>02-03-2025</valuationSecuritizationDate>
      <physicalOccupancySecuritizationPercentage>1</physicalOccupancySecuritizationPercentage>
      <mostRecentPhysicalOccupancyPercentage>0.96</mostRecentPhysicalOccupancyPercentage>
      <propertyStatusCode>6</propertyStatusCode>
      <financialsSecuritizationDate>12-31-2024</financialsSecuritizationDate>
      <mostRecentFinancialsStartDate>12-31-2024</mostRecentFinancialsStartDate>
      <mostRecentFinancialsEndDate>12-31-2025</mostRecentFinancialsEndDate>
      <revenueSecuritizationAmount>270692.86</revenueSecuritizationAmount>
      <mostRecentRevenueAmount>0.00</mostRecentRevenueAmount>
      <operatingExpensesSecuritizationAmount>114085.00</operatingExpensesSecuritizationAmount>
      <operatingExpensesAmount>0.00</operatingExpensesAmount>
      <netOperatingIncomeSecuritizationAmount>156607.86</netOperatingIncomeSecuritizationAmount>
      <mostRecentNetOperatingIncomeAmount>0.00</mostRecentNetOperatingIncomeAmount>
      <netCashFlowFlowSecuritizationAmount>155457.86</netCashFlowFlowSecuritizationAmount>
      <mostRecentNetCashFlowAmount>0.00</mostRecentNetCashFlowAmount>
      <netOperatingIncomeNetCashFlowSecuritizationCode>UW</netOperatingIncomeNetCashFlowSecuritizationCode>
      <netOperatingIncomeNetCashFlowCode>CREFC</netOperatingIncomeNetCashFlowCode>
      <mostRecentDebtServiceAmount>0.00</mostRecentDebtServiceAmount>
      <mostRecentDebtServiceCoverageNetOperatingIncomePercentage>0.00</mostRecentDebtServiceCoverageNetOperatingIncomePercentage>
      <mostRecentDebtServiceCoverageCode>C</mostRecentDebtServiceCoverageCode>
      <mostRecentAnnualLeaseRolloverReviewDate>01-16-2025</mostRecentAnnualLeaseRolloverReviewDate>
    </property>
    <assetAddedIndicator>false</assetAddedIndicator>
  </assets>
  <assets>
    <assetTypeNumber>Prospectus Loan ID</assetTypeNumber>
    <assetNumber>1-030</assetNumber>
    <reportingPeriodBeginningDate>05-12-2026</reportingPeriodBeginningDate>
    <reportingPeriodEndDate>06-11-2026</reportingPeriodEndDate>
    <property>
      <propertyName>WOODLAND MOBILE HOME PARK</propertyName>
      <propertyAddress>102 SELWYN CIRCLE</propertyAddress>
      <propertyCity>Gastonia</propertyCity>
      <propertyState>NC</propertyState>
      <propertyZip>28052</propertyZip>
      <propertyCounty>Gaston</propertyCounty>
      <propertyTypeCode>MH</propertyTypeCode>
      <unitsBedsRoomsNumber>25</unitsBedsRoomsNumber>
      <unitsBedsRoomsSecuritizationNumber>25</unitsBedsRoomsSecuritizationNumber>
      <yearBuiltNumber>1960</yearBuiltNumber>
      <valuationSecuritizationAmount>2200000.00</valuationSecuritizationAmount>
      <valuationSourceSecuritizationCode>MAI</valuationSourceSecuritizationCode>
      <valuationSecuritizationDate>02-05-2025</valuationSecuritizationDate>
      <physicalOccupancySecuritizationPercentage>1</physicalOccupancySecuritizationPercentage>
      <mostRecentPhysicalOccupancyPercentage>0.96</mostRecentPhysicalOccupancyPercentage>
      <propertyStatusCode>6</propertyStatusCode>
      <financialsSecuritizationDate>12-31-2024</financialsSecuritizationDate>
      <mostRecentFinancialsStartDate>12-31-2024</mostRecentFinancialsStartDate>
      <mostRecentFinancialsEndDate>12-31-2025</mostRecentFinancialsEndDate>
      <revenueSecuritizationAmount>187287.24</revenueSecuritizationAmount>
      <mostRecentRevenueAmount>0.00</mostRecentRevenueAmount>
      <operatingExpensesSecuritizationAmount>69438.65</operatingExpensesSecuritizationAmount>
      <operatingExpensesAmount>0.00</operatingExpensesAmount>
      <netOperatingIncomeSecuritizationAmount>117848.59</netOperatingIncomeSecuritizationAmount>
      <mostRecentNetOperatingIncomeAmount>0.00</mostRecentNetOperatingIncomeAmount>
      <netCashFlowFlowSecuritizationAmount>116598.59</netCashFlowFlowSecuritizationAmount>
      <mostRecentNetCashFlowAmount>0.00</mostRecentNetCashFlowAmount>
      <netOperatingIncomeNetCashFlowSecuritizationCode>UW</netOperatingIncomeNetCashFlowSecuritizationCode>
      <netOperatingIncomeNetCashFlowCode>CREFC</netOperatingIncomeNetCashFlowCode>
      <mostRecentDebtServiceAmount>0.00</mostRecentDebtServiceAmount>
      <mostRecentDebtServiceCoverageNetOperatingIncomePercentage>0.00</mostRecentDebtServiceCoverageNetOperatingIncomePercentage>
      <mostRecentDebtServiceCoverageCode>C</mostRecentDebtServiceCoverageCode>
      <mostRecentAnnualLeaseRolloverReviewDate>01-16-2025</mostRecentAnnualLeaseRolloverReviewDate>
    </property>
    <assetAddedIndicator>false</assetAddedIndicator>
  </assets>
  <assets>
    <assetTypeNumber>Prospectus Loan ID</assetTypeNumber>
    <assetNumber>1-031</assetNumber>
    <reportingPeriodBeginningDate>05-12-2026</reportingPeriodBeginningDate>
    <reportingPeriodEndDate>06-11-2026</reportingPeriodEndDate>
    <property>
      <propertyName>SALISBURY MOBILE HOME PARK</propertyName>
      <propertyAddress>1017 BRINGLE FERRY RD</propertyAddress>
      <propertyCity>Salisbury</propertyCity>
      <propertyState>NC</propertyState>
      <propertyZip>28144</propertyZip>
      <propertyCounty>Rowan</propertyCounty>
      <propertyTypeCode>MH</propertyTypeCode>
      <unitsBedsRoomsNumber>25</unitsBedsRoomsNumber>
      <unitsBedsRoomsSecuritizationNumber>25</unitsBedsRoomsSecuritizationNumber>
      <yearBuiltNumber>1967</yearBuiltNumber>
      <valuationSecuritizationAmount>2025000.00</valuationSecuritizationAmount>
      <valuationSourceSecuritizationCode>MAI</valuationSourceSecuritizationCode>
      <valuationSecuritizationDate>02-05-2025</valuationSecuritizationDate>
      <physicalOccupancySecuritizationPercentage>1</physicalOccupancySecuritizationPercentage>
      <mostRecentPhysicalOccupancyPercentage>1</mostRecentPhysicalOccupancyPercentage>
      <propertyStatusCode>6</propertyStatusCode>
      <financialsSecuritizationDate>12-31-2024</financialsSecuritizationDate>
      <mostRecentFinancialsStartDate>12-31-2024</mostRecentFinancialsStartDate>
      <mostRecentFinancialsEndDate>12-31-2025</mostRecentFinancialsEndDate>
      <revenueSecuritizationAmount>159546.20</revenueSecuritizationAmount>
      <mostRecentRevenueAmount>0.00</mostRecentRevenueAmount>
      <operatingExpensesSecuritizationAmount>52704.22</operatingExpensesSecuritizationAmount>
      <operatingExpensesAmount>0.00</operatingExpensesAmount>
      <netOperatingIncomeSecuritizationAmount>106841.98</netOperatingIncomeSecuritizationAmount>
      <mostRecentNetOperatingIncomeAmount>0.00</mostRecentNetOperatingIncomeAmount>
      <netCashFlowFlowSecuritizationAmount>105591.98</netCashFlowFlowSecuritizationAmount>
      <mostRecentNetCashFlowAmount>0.00</mostRecentNetCashFlowAmount>
      <netOperatingIncomeNetCashFlowSecuritizationCode>UW</netOperatingIncomeNetCashFlowSecuritizationCode>
      <netOperatingIncomeNetCashFlowCode>CREFC</netOperatingIncomeNetCashFlowCode>
      <mostRecentDebtServiceAmount>0.00</mostRecentDebtServiceAmount>
      <mostRecentDebtServiceCoverageNetOperatingIncomePercentage>0.00</mostRecentDebtServiceCoverageNetOperatingIncomePercentage>
      <mostRecentDebtServiceCoverageCode>C</mostRecentDebtServiceCoverageCode>
      <mostRecentAnnualLeaseRolloverReviewDate>01-16-2025</mostRecentAnnualLeaseRolloverReviewDate>
    </property>
    <assetAddedIndicator>false</assetAddedIndicator>
  </assets>
  <assets>
    <assetTypeNumber>Prospectus Loan ID</assetTypeNumber>
    <assetNumber>1-032</assetNumber>
    <reportingPeriodBeginningDate>05-12-2026</reportingPeriodBeginningDate>
    <reportingPeriodEndDate>06-11-2026</reportingPeriodEndDate>
    <property>
      <propertyName>EASTSIDE VILLAGE MOBILE HOME PARK</propertyName>
      <propertyAddress>102 BOOT HILL COURT</propertyAddress>
      <propertyCity>Spartanburg</propertyCity>
      <propertyState>SC</propertyState>
      <propertyZip>29303</propertyZip>
      <propertyCounty>Spartanburg</propertyCounty>
      <propertyTypeCode>MH</propertyTypeCode>
      <unitsBedsRoomsNumber>36</unitsBedsRoomsNumber>
      <unitsBedsRoomsSecuritizationNumber>36</unitsBedsRoomsSecuritizationNumber>
      <yearBuiltNumber>1973</yearBuiltNumber>
      <valuationSecuritizationAmount>1850000.00</valuationSecuritizationAmount>
      <valuationSourceSecuritizationCode>MAI</valuationSourceSecuritizationCode>
      <valuationSecuritizationDate>02-04-2025</valuationSecuritizationDate>
      <physicalOccupancySecuritizationPercentage>1</physicalOccupancySecuritizationPercentage>
      <mostRecentPhysicalOccupancyPercentage>1</mostRecentPhysicalOccupancyPercentage>
      <propertyStatusCode>6</propertyStatusCode>
      <financialsSecuritizationDate>12-31-2024</financialsSecuritizationDate>
      <mostRecentFinancialsStartDate>12-31-2024</mostRecentFinancialsStartDate>
      <mostRecentFinancialsEndDate>12-31-2025</mostRecentFinancialsEndDate>
      <revenueSecuritizationAmount>228692.20</revenueSecuritizationAmount>
      <mostRecentRevenueAmount>0.00</mostRecentRevenueAmount>
      <operatingExpensesSecuritizationAmount>118541.36</operatingExpensesSecuritizationAmount>
      <operatingExpensesAmount>0.00</operatingExpensesAmount>
      <netOperatingIncomeSecuritizationAmount>110150.84</netOperatingIncomeSecuritizationAmount>
      <mostRecentNetOperatingIncomeAmount>0.00</mostRecentNetOperatingIncomeAmount>
      <netCashFlowFlowSecuritizationAmount>108350.84</netCashFlowFlowSecuritizationAmount>
      <mostRecentNetCashFlowAmount>0.00</mostRecentNetCashFlowAmount>
      <netOperatingIncomeNetCashFlowSecuritizationCode>UW</netOperatingIncomeNetCashFlowSecuritizationCode>
      <netOperatingIncomeNetCashFlowCode>CREFC</netOperatingIncomeNetCashFlowCode>
      <mostRecentDebtServiceAmount>0.00</mostRecentDebtServiceAmount>
      <mostRecentDebtServiceCoverageNetOperatingIncomePercentage>0.00</mostRecentDebtServiceCoverageNetOperatingIncomePercentage>
      <mostRecentDebtServiceCoverageCode>C</mostRecentDebtServiceCoverageCode>
      <mostRecentAnnualLeaseRolloverReviewDate>01-16-2025</mostRecentAnnualLeaseRolloverReviewDate>
    </property>
    <assetAddedIndicator>false</assetAddedIndicator>
  </assets>
  <assets>
    <assetTypeNumber>Prospectus Loan ID</assetTypeNumber>
    <assetNumber>1-033</assetNumber>
    <reportingPeriodBeginningDate>05-12-2026</reportingPeriodBeginningDate>
    <reportingPeriodEndDate>06-11-2026</reportingPeriodEndDate>
    <property>
      <propertyName>VILLAGES SUN ESTATES</propertyName>
      <propertyAddress>32425 ANGLERS AVENUE</propertyAddress>
      <propertyCity>Leesburg</propertyCity>
      <propertyState>FL</propertyState>
      <propertyZip>34748</propertyZip>
      <propertyCounty>Lake</propertyCounty>
      <propertyTypeCode>MH</propertyTypeCode>
      <unitsBedsRoomsNumber>36</unitsBedsRoomsNumber>
      <unitsBedsRoomsSecuritizationNumber>36</unitsBedsRoomsSecuritizationNumber>
      <yearBuiltNumber>1969</yearBuiltNumber>
      <valuationSecuritizationAmount>1800000.00</valuationSecuritizationAmount>
      <valuationSourceSecuritizationCode>MAI</valuationSourceSecuritizationCode>
      <valuationSecuritizationDate>02-03-2025</valuationSecuritizationDate>
      <physicalOccupancySecuritizationPercentage>0.78</physicalOccupancySecuritizationPercentage>
      <mostRecentPhysicalOccupancyPercentage>0.78</mostRecentPhysicalOccupancyPercentage>
      <propertyStatusCode>6</propertyStatusCode>
      <financialsSecuritizationDate>12-31-2024</financialsSecuritizationDate>
      <mostRecentFinancialsStartDate>12-31-2024</mostRecentFinancialsStartDate>
      <mostRecentFinancialsEndDate>12-31-2025</mostRecentFinancialsEndDate>
      <revenueSecuritizationAmount>191330.56</revenueSecuritizationAmount>
      <mostRecentRevenueAmount>0.00</mostRecentRevenueAmount>
      <operatingExpensesSecuritizationAmount>105755.75</operatingExpensesSecuritizationAmount>
      <operatingExpensesAmount>0.00</operatingExpensesAmount>
      <netOperatingIncomeSecuritizationAmount>85574.81</netOperatingIncomeSecuritizationAmount>
      <mostRecentNetOperatingIncomeAmount>0.00</mostRecentNetOperatingIncomeAmount>
      <netCashFlowFlowSecuritizationAmount>83774.81</netCashFlowFlowSecuritizationAmount>
      <mostRecentNetCashFlowAmount>0.00</mostRecentNetCashFlowAmount>
      <netOperatingIncomeNetCashFlowSecuritizationCode>UW</netOperatingIncomeNetCashFlowSecuritizationCode>
      <netOperatingIncomeNetCashFlowCode>CREFC</netOperatingIncomeNetCashFlowCode>
      <mostRecentDebtServiceAmount>0.00</mostRecentDebtServiceAmount>
      <mostRecentDebtServiceCoverageNetOperatingIncomePercentage>0.00</mostRecentDebtServiceCoverageNetOperatingIncomePercentage>
      <mostRecentDebtServiceCoverageCode>C</mostRecentDebtServiceCoverageCode>
      <mostRecentAnnualLeaseRolloverReviewDate>01-16-2025</mostRecentAnnualLeaseRolloverReviewDate>
    </property>
    <assetAddedIndicator>false</assetAddedIndicator>
  </assets>
  <assets>
    <assetTypeNumber>Prospectus Loan ID</assetTypeNumber>
    <assetNumber>1-034</assetNumber>
    <reportingPeriodBeginningDate>05-12-2026</reportingPeriodBeginningDate>
    <reportingPeriodEndDate>06-11-2026</reportingPeriodEndDate>
    <property>
      <propertyName>FLORIDA SUN ESTATES 2</propertyName>
      <propertyAddress>5601 AENON CHURCH TR, 5646 AENON CHURCH TR, 5660 WHITE HILL LN, 5750 WHITE HILL</propertyAddress>
      <propertyCity>Tallahassee</propertyCity>
      <propertyState>FL</propertyState>
      <propertyZip>32304</propertyZip>
      <propertyCounty>Leon</propertyCounty>
      <propertyTypeCode>MH</propertyTypeCode>
      <unitsBedsRoomsNumber>47</unitsBedsRoomsNumber>
      <unitsBedsRoomsSecuritizationNumber>47</unitsBedsRoomsSecuritizationNumber>
      <yearBuiltNumber>1972</yearBuiltNumber>
      <valuationSecuritizationAmount>1600000.00</valuationSecuritizationAmount>
      <valuationSourceSecuritizationCode>MAI</valuationSourceSecuritizationCode>
      <valuationSecuritizationDate>02-03-2025</valuationSecuritizationDate>
      <physicalOccupancySecuritizationPercentage>0.83</physicalOccupancySecuritizationPercentage>
      <mostRecentPhysicalOccupancyPercentage>0.77</mostRecentPhysicalOccupancyPercentage>
      <propertyStatusCode>6</propertyStatusCode>
      <financialsSecuritizationDate>12-31-2024</financialsSecuritizationDate>
      <mostRecentFinancialsStartDate>12-31-2024</mostRecentFinancialsStartDate>
      <mostRecentFinancialsEndDate>12-31-2025</mostRecentFinancialsEndDate>
      <revenueSecuritizationAmount>212384.33</revenueSecuritizationAmount>
      <mostRecentRevenueAmount>0.00</mostRecentRevenueAmount>
      <operatingExpensesSecuritizationAmount>115417.62</operatingExpensesSecuritizationAmount>
      <operatingExpensesAmount>0.00</operatingExpensesAmount>
      <netOperatingIncomeSecuritizationAmount>96966.71</netOperatingIncomeSecuritizationAmount>
      <mostRecentNetOperatingIncomeAmount>0.00</mostRecentNetOperatingIncomeAmount>
      <netCashFlowFlowSecuritizationAmount>94616.71</netCashFlowFlowSecuritizationAmount>
      <mostRecentNetCashFlowAmount>0.00</mostRecentNetCashFlowAmount>
      <netOperatingIncomeNetCashFlowSecuritizationCode>UW</netOperatingIncomeNetCashFlowSecuritizationCode>
      <netOperatingIncomeNetCashFlowCode>CREFC</netOperatingIncomeNetCashFlowCode>
      <mostRecentDebtServiceAmount>0.00</mostRecentDebtServiceAmount>
      <mostRecentDebtServiceCoverageNetOperatingIncomePercentage>0.00</mostRecentDebtServiceCoverageNetOperatingIncomePercentage>
      <mostRecentDebtServiceCoverageCode>C</mostRecentDebtServiceCoverageCode>
      <mostRecentAnnualLeaseRolloverReviewDate>01-16-2025</mostRecentAnnualLeaseRolloverReviewDate>
    </property>
    <assetAddedIndicator>false</assetAddedIndicator>
  </assets>
  <assets>
    <assetTypeNumber>Prospectus Loan ID</assetTypeNumber>
    <assetNumber>1-035</assetNumber>
    <reportingPeriodBeginningDate>05-12-2026</reportingPeriodBeginningDate>
    <reportingPeriodEndDate>06-11-2026</reportingPeriodEndDate>
    <property>
      <propertyName>SUNSHINE MOBILE HOME PARK</propertyName>
      <propertyAddress>1633 LAKE DRIVE</propertyAddress>
      <propertyCity>Cocoa</propertyCity>
      <propertyState>FL</propertyState>
      <propertyZip>32926</propertyZip>
      <propertyCounty>Brevard</propertyCounty>
      <propertyTypeCode>MH</propertyTypeCode>
      <unitsBedsRoomsNumber>32</unitsBedsRoomsNumber>
      <unitsBedsRoomsSecuritizationNumber>32</unitsBedsRoomsSecuritizationNumber>
      <yearBuiltNumber>1956</yearBuiltNumber>
      <valuationSecuritizationAmount>1550000.00</valuationSecuritizationAmount>
      <valuationSourceSecuritizationCode>MAI</valuationSourceSecuritizationCode>
      <valuationSecuritizationDate>02-03-2025</valuationSecuritizationDate>
      <physicalOccupancySecuritizationPercentage>0.69</physicalOccupancySecuritizationPercentage>
      <mostRecentPhysicalOccupancyPercentage>0.66</mostRecentPhysicalOccupancyPercentage>
      <propertyStatusCode>6</propertyStatusCode>
      <financialsSecuritizationDate>12-31-2024</financialsSecuritizationDate>
      <mostRecentFinancialsStartDate>12-31-2024</mostRecentFinancialsStartDate>
      <mostRecentFinancialsEndDate>12-31-2025</mostRecentFinancialsEndDate>
      <revenueSecuritizationAmount>201465.28</revenueSecuritizationAmount>
      <mostRecentRevenueAmount>0.00</mostRecentRevenueAmount>
      <operatingExpensesSecuritizationAmount>92438.94</operatingExpensesSecuritizationAmount>
      <operatingExpensesAmount>0.00</operatingExpensesAmount>
      <netOperatingIncomeSecuritizationAmount>109026.34</netOperatingIncomeSecuritizationAmount>
      <mostRecentNetOperatingIncomeAmount>0.00</mostRecentNetOperatingIncomeAmount>
      <netCashFlowFlowSecuritizationAmount>107426.34</netCashFlowFlowSecuritizationAmount>
      <mostRecentNetCashFlowAmount>0.00</mostRecentNetCashFlowAmount>
      <netOperatingIncomeNetCashFlowSecuritizationCode>UW</netOperatingIncomeNetCashFlowSecuritizationCode>
      <netOperatingIncomeNetCashFlowCode>CREFC</netOperatingIncomeNetCashFlowCode>
      <mostRecentDebtServiceAmount>0.00</mostRecentDebtServiceAmount>
      <mostRecentDebtServiceCoverageNetOperatingIncomePercentage>0.00</mostRecentDebtServiceCoverageNetOperatingIncomePercentage>
      <mostRecentDebtServiceCoverageCode>C</mostRecentDebtServiceCoverageCode>
      <mostRecentAnnualLeaseRolloverReviewDate>01-16-2025</mostRecentAnnualLeaseRolloverReviewDate>
    </property>
    <assetAddedIndicator>false</assetAddedIndicator>
  </assets>
  <assets>
    <assetTypeNumber>Prospectus Loan ID</assetTypeNumber>
    <assetNumber>2</assetNumber>
    <reportingPeriodBeginningDate>05-12-2026</reportingPeriodBeginningDate>
    <reportingPeriodEndDate>06-11-2026</reportingPeriodEndDate>
    <originatorName>WFB</originatorName>
    <originationDate>03-03-2025</originationDate>
    <originalLoanAmount>83300000.00</originalLoanAmount>
    <originalTermLoanNumber>60</originalTermLoanNumber>
    <maturityDate>03-11-2030</maturityDate>
    <originalInterestRatePercentage>0.0611</originalInterestRatePercentage>
    <interestRateSecuritizationPercentage>0.0611</interestRateSecuritizationPercentage>
    <interestAccrualMethodCode>3</interestAccrualMethodCode>
    <originalInterestRateTypeCode>1</originalInterestRateTypeCode>
    <originalInterestOnlyTermNumber>60</originalInterestOnlyTermNumber>
    <firstLoanPaymentDueDate>04-11-2025</firstLoanPaymentDueDate>
    <underwritingIndicator>true</underwritingIndicator>
    <lienPositionSecuritizationCode>1</lienPositionSecuritizationCode>
    <loanStructureCode>WL</loanStructureCode>
    <paymentTypeCode>3</paymentTypeCode>
    <periodicPrincipalAndInterestPaymentSecuritizationAmount>438273.69</periodicPrincipalAndInterestPaymentSecuritizationAmount>
    <scheduledPrincipalBalanceSecuritizationAmount>83300000.00</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>09-10-2029</prepaymentLockOutEndDate>
    <property>
      <propertyName>HARDEN RANCH PLAZA</propertyName>
      <propertyAddress>1488-1826 NORTH MAIN STREET</propertyAddress>
      <propertyCity>Salinas</propertyCity>
      <propertyState>CA</propertyState>
      <propertyZip>93906</propertyZip>
      <propertyCounty>Monterey</propertyCounty>
      <propertyTypeCode>RT</propertyTypeCode>
      <netRentableSquareFeetNumber>445399</netRentableSquareFeetNumber>
      <netRentableSquareFeetSecuritizationNumber>445399</netRentableSquareFeetSecuritizationNumber>
      <yearBuiltNumber>1991</yearBuiltNumber>
      <valuationSecuritizationAmount>129900000.00</valuationSecuritizationAmount>
      <valuationSourceSecuritizationCode>MAI</valuationSourceSecuritizationCode>
      <valuationSecuritizationDate>12-20-2024</valuationSecuritizationDate>
      <physicalOccupancySecuritizationPercentage>0.97</physicalOccupancySecuritizationPercentage>
      <mostRecentPhysicalOccupancyPercentage>0.97</mostRecentPhysicalOccupancyPercentage>
      <propertyStatusCode>6</propertyStatusCode>
      <defeasanceOptionStartDate>05-11-2027</defeasanceOptionStartDate>
      <DefeasedStatusCode>N</DefeasedStatusCode>
      <largestTenant>Ashley Furniture</largestTenant>
      <squareFeetLargestTenantNumber>53098</squareFeetLargestTenantNumber>
      <leaseExpirationLargestTenantDate>05-31-2028</leaseExpirationLargestTenantDate>
      <secondLargestTenant>Safeway</secondLargestTenant>
      <squareFeetSecondLargestTenantNumber>52686</squareFeetSecondLargestTenantNumber>
      <leaseExpirationSecondLargestTenantDate>08-31-2031</leaseExpirationSecondLargestTenantDate>
      <thirdLargestTenant>In-Shape Health Clubs  Inc.</thirdLargestTenant>
      <squareFeetThirdLargestTenantNumber>36015</squareFeetThirdLargestTenantNumber>
      <leaseExpirationThirdLargestTenantDate>08-31-2028</leaseExpirationThirdLargestTenantDate>
      <financialsSecuritizationDate>12-31-2024</financialsSecuritizationDate>
      <mostRecentFinancialsStartDate>01-01-2026</mostRecentFinancialsStartDate>
      <mostRecentFinancialsEndDate>03-31-2026</mostRecentFinancialsEndDate>
      <revenueSecuritizationAmount>13280476.76</revenueSecuritizationAmount>
      <mostRecentRevenueAmount>3473282.00</mostRecentRevenueAmount>
      <operatingExpensesSecuritizationAmount>4452750.97</operatingExpensesSecuritizationAmount>
      <operatingExpensesAmount>1156979.00</operatingExpensesAmount>
      <netOperatingIncomeSecuritizationAmount>8827725.79</netOperatingIncomeSecuritizationAmount>
      <mostRecentNetOperatingIncomeAmount>2316303.00</mostRecentNetOperatingIncomeAmount>
      <netCashFlowFlowSecuritizationAmount>8383246.99</netCashFlowFlowSecuritizationAmount>
      <mostRecentNetCashFlowAmount>2284755.00</mostRecentNetCashFlowAmount>
      <netOperatingIncomeNetCashFlowSecuritizationCode>UW</netOperatingIncomeNetCashFlowSecuritizationCode>
      <netOperatingIncomeNetCashFlowCode>CREFC</netOperatingIncomeNetCashFlowCode>
      <mostRecentDebtServiceAmount>1272407.00</mostRecentDebtServiceAmount>
      <debtServiceCoverageNetOperatingIncomeSecuritizationPercentage>1.71</debtServiceCoverageNetOperatingIncomeSecuritizationPercentage>
      <mostRecentDebtServiceCoverageNetOperatingIncomePercentage>1.8204</mostRecentDebtServiceCoverageNetOperatingIncomePercentage>
      <debtServiceCoverageNetCashFlowSecuritizationPercentage>1.62</debtServiceCoverageNetCashFlowSecuritizationPercentage>
      <mostRecentDebtServiceCoverageNetCashFlowpercentage>1.7956</mostRecentDebtServiceCoverageNetCashFlowpercentage>
      <debtServiceCoverageSecuritizationCode>F</debtServiceCoverageSecuritizationCode>
      <mostRecentDebtServiceCoverageCode>F</mostRecentDebtServiceCoverageCode>
      <mostRecentAnnualLeaseRolloverReviewDate>03-31-2026</mostRecentAnnualLeaseRolloverReviewDate>
    </property>
    <assetAddedIndicator>false</assetAddedIndicator>
    <reportPeriodModificationIndicator>false</reportPeriodModificationIndicator>
    <reportPeriodBeginningScheduleLoanBalanceAmount>83300000.00</reportPeriodBeginningScheduleLoanBalanceAmount>
    <totalScheduledPrincipalInterestDueAmount>438273.69</totalScheduledPrincipalInterestDueAmount>
    <reportPeriodInterestRatePercentage>0.0611</reportPeriodInterestRatePercentage>
    <servicerTrusteeFeeRatePercentage>0.0002541</servicerTrusteeFeeRatePercentage>
    <scheduledInterestAmount>438273.69</scheduledInterestAmount>
    <scheduledPrincipalAmount>0.00</scheduledPrincipalAmount>
    <unscheduledPrincipalCollectedAmount>0.00</unscheduledPrincipalCollectedAmount>
    <reportPeriodEndActualBalanceAmount>83300000.00</reportPeriodEndActualBalanceAmount>
    <reportPeriodEndScheduledLoanBalanceAmount>83300000.00</reportPeriodEndScheduledLoanBalanceAmount>
    <paidThroughDate>06-11-2026</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>05-12-2026</reportingPeriodBeginningDate>
    <reportingPeriodEndDate>06-11-2026</reportingPeriodEndDate>
    <originatorName>MSBNA</originatorName>
    <originationDate>03-13-2025</originationDate>
    <originalLoanAmount>68000000.00</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>0.00</periodicPrincipalAndInterestPaymentSecuritizationAmount>
    <scheduledPrincipalBalanceSecuritizationAmount>68000000.00</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>0.79</mostRecentPhysicalOccupancyPercentage>
      <propertyStatusCode>6</propertyStatusCode>
      <defeasanceOptionStartDate>05-01-2027</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>01-01-2026</mostRecentFinancialsStartDate>
      <mostRecentFinancialsEndDate>03-31-2026</mostRecentFinancialsEndDate>
      <revenueSecuritizationAmount>22090667.22</revenueSecuritizationAmount>
      <mostRecentRevenueAmount>4333049.00</mostRecentRevenueAmount>
      <operatingExpensesSecuritizationAmount>8298401.10</operatingExpensesSecuritizationAmount>
      <operatingExpensesAmount>2353716.22</operatingExpensesAmount>
      <netOperatingIncomeSecuritizationAmount>13792266.12</netOperatingIncomeSecuritizationAmount>
      <mostRecentNetOperatingIncomeAmount>1979332.78</mostRecentNetOperatingIncomeAmount>
      <netCashFlowFlowSecuritizationAmount>12553635.51</netCashFlowFlowSecuritizationAmount>
      <mostRecentNetCashFlowAmount>1669675.13</mostRecentNetCashFlowAmount>
      <netOperatingIncomeNetCashFlowSecuritizationCode>UW</netOperatingIncomeNetCashFlowSecuritizationCode>
      <netOperatingIncomeNetCashFlowCode>CREFC</netOperatingIncomeNetCashFlowCode>
      <mostRecentDebtServiceAmount>1496000.02</mostRecentDebtServiceAmount>
      <debtServiceCoverageNetOperatingIncomeSecuritizationPercentage>2.27</debtServiceCoverageNetOperatingIncomeSecuritizationPercentage>
      <mostRecentDebtServiceCoverageNetOperatingIncomePercentage>1.323</mostRecentDebtServiceCoverageNetOperatingIncomePercentage>
      <debtServiceCoverageNetCashFlowSecuritizationPercentage>2.07</debtServiceCoverageNetCashFlowSecuritizationPercentage>
      <mostRecentDebtServiceCoverageNetCashFlowpercentage>1.116</mostRecentDebtServiceCoverageNetCashFlowpercentage>
      <debtServiceCoverageSecuritizationCode>F</debtServiceCoverageSecuritizationCode>
      <mostRecentDebtServiceCoverageCode>F</mostRecentDebtServiceCoverageCode>
      <mostRecentAnnualLeaseRolloverReviewDate>03-31-2026</mostRecentAnnualLeaseRolloverReviewDate>
    </property>
    <assetAddedIndicator>false</assetAddedIndicator>
    <reportPeriodModificationIndicator>false</reportPeriodModificationIndicator>
    <reportPeriodBeginningScheduleLoanBalanceAmount>68000000.00</reportPeriodBeginningScheduleLoanBalanceAmount>
    <totalScheduledPrincipalInterestDueAmount>398177.78</totalScheduledPrincipalInterestDueAmount>
    <reportPeriodInterestRatePercentage>0.068</reportPeriodInterestRatePercentage>
    <servicerTrusteeFeeRatePercentage>0.0001791</servicerTrusteeFeeRatePercentage>
    <scheduledInterestAmount>398177.78</scheduledInterestAmount>
    <scheduledPrincipalAmount>0.00</scheduledPrincipalAmount>
    <unscheduledPrincipalCollectedAmount>0.00</unscheduledPrincipalCollectedAmount>
    <reportPeriodEndActualBalanceAmount>68000000.00</reportPeriodEndActualBalanceAmount>
    <reportPeriodEndScheduledLoanBalanceAmount>68000000.00</reportPeriodEndScheduledLoanBalanceAmount>
    <paidThroughDate>06-01-2026</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>05-12-2026</reportingPeriodBeginningDate>
    <reportingPeriodEndDate>06-11-2026</reportingPeriodEndDate>
    <originatorName>MSBNA</originatorName>
    <originationDate>02-26-2025</originationDate>
    <originalLoanAmount>30000000.00</originalLoanAmount>
    <originalTermLoanNumber>60</originalTermLoanNumber>
    <maturityDate>03-07-2030</maturityDate>
    <originalInterestRatePercentage>0.0556</originalInterestRatePercentage>
    <interestRateSecuritizationPercentage>0.0556</interestRateSecuritizationPercentage>
    <interestAccrualMethodCode>3</interestAccrualMethodCode>
    <originalInterestRateTypeCode>1</originalInterestRateTypeCode>
    <originalInterestOnlyTermNumber>60</originalInterestOnlyTermNumber>
    <firstLoanPaymentDueDate>04-07-2025</firstLoanPaymentDueDate>
    <underwritingIndicator>true</underwritingIndicator>
    <lienPositionSecuritizationCode>1</lienPositionSecuritizationCode>
    <loanStructureCode>PP</loanStructureCode>
    <paymentTypeCode>3</paymentTypeCode>
    <periodicPrincipalAndInterestPaymentSecuritizationAmount>320781.11</periodicPrincipalAndInterestPaymentSecuritizationAmount>
    <scheduledPrincipalBalanceSecuritizationAmount>30000000.00</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>09-06-2029</prepaymentLockOutEndDate>
    <property>
      <propertyName>GRAND PLAZA</propertyName>
      <propertyAddress>540 NORTH STATE STREET</propertyAddress>
      <propertyCity>Chicago</propertyCity>
      <propertyState>IL</propertyState>
      <propertyZip>60654</propertyZip>
      <propertyCounty>Cook</propertyCounty>
      <propertyTypeCode>MF</propertyTypeCode>
      <unitsBedsRoomsNumber>481</unitsBedsRoomsNumber>
      <unitsBedsRoomsSecuritizationNumber>481</unitsBedsRoomsSecuritizationNumber>
      <yearBuiltNumber>2003</yearBuiltNumber>
      <yearLastRenovated>2023</yearLastRenovated>
      <valuationSecuritizationAmount>241200000.00</valuationSecuritizationAmount>
      <valuationSourceSecuritizationCode>MAI</valuationSourceSecuritizationCode>
      <valuationSecuritizationDate>01-22-2025</valuationSecuritizationDate>
      <physicalOccupancySecuritizationPercentage>0.99</physicalOccupancySecuritizationPercentage>
      <mostRecentPhysicalOccupancyPercentage>0.61</mostRecentPhysicalOccupancyPercentage>
      <propertyStatusCode>6</propertyStatusCode>
      <defeasanceOptionStartDate>05-07-2027</defeasanceOptionStartDate>
      <DefeasedStatusCode>N</DefeasedStatusCode>
      <financialsSecuritizationDate>12-31-2024</financialsSecuritizationDate>
      <mostRecentFinancialsStartDate>12-31-2024</mostRecentFinancialsStartDate>
      <mostRecentFinancialsEndDate>12-31-2025</mostRecentFinancialsEndDate>
      <revenueSecuritizationAmount>25533567.56</revenueSecuritizationAmount>
      <mostRecentRevenueAmount>26128764.00</mostRecentRevenueAmount>
      <operatingExpensesSecuritizationAmount>13069540.34</operatingExpensesSecuritizationAmount>
      <operatingExpensesAmount>10569709.00</operatingExpensesAmount>
      <netOperatingIncomeSecuritizationAmount>12464027.22</netOperatingIncomeSecuritizationAmount>
      <mostRecentNetOperatingIncomeAmount>15559055.00</mostRecentNetOperatingIncomeAmount>
      <netCashFlowFlowSecuritizationAmount>12285877.47</netCashFlowFlowSecuritizationAmount>
      <mostRecentNetCashFlowAmount>15380905.25</mostRecentNetCashFlowAmount>
      <netOperatingIncomeNetCashFlowSecuritizationCode>UW</netOperatingIncomeNetCashFlowSecuritizationCode>
      <netOperatingIncomeNetCashFlowCode>CREFC</netOperatingIncomeNetCashFlowCode>
      <mostRecentDebtServiceAmount>9019556.00</mostRecentDebtServiceAmount>
      <debtServiceCoverageNetOperatingIncomeSecuritizationPercentage>1.38</debtServiceCoverageNetOperatingIncomeSecuritizationPercentage>
      <mostRecentDebtServiceCoverageNetOperatingIncomePercentage>1.725</mostRecentDebtServiceCoverageNetOperatingIncomePercentage>
      <debtServiceCoverageNetCashFlowSecuritizationPercentage>1.36</debtServiceCoverageNetCashFlowSecuritizationPercentage>
      <mostRecentDebtServiceCoverageNetCashFlowpercentage>1.7052</mostRecentDebtServiceCoverageNetCashFlowpercentage>
      <debtServiceCoverageSecuritizationCode>F</debtServiceCoverageSecuritizationCode>
      <mostRecentDebtServiceCoverageCode>F</mostRecentDebtServiceCoverageCode>
    </property>
    <assetAddedIndicator>false</assetAddedIndicator>
    <reportPeriodModificationIndicator>false</reportPeriodModificationIndicator>
    <reportPeriodBeginningScheduleLoanBalanceAmount>30000000.00</reportPeriodBeginningScheduleLoanBalanceAmount>
    <totalScheduledPrincipalInterestDueAmount>143633.33</totalScheduledPrincipalInterestDueAmount>
    <reportPeriodInterestRatePercentage>0.0556</reportPeriodInterestRatePercentage>
    <servicerTrusteeFeeRatePercentage>0.0001791</servicerTrusteeFeeRatePercentage>
    <scheduledInterestAmount>143633.33</scheduledInterestAmount>
    <scheduledPrincipalAmount>0.00</scheduledPrincipalAmount>
    <unscheduledPrincipalCollectedAmount>0.00</unscheduledPrincipalCollectedAmount>
    <reportPeriodEndActualBalanceAmount>30000000.00</reportPeriodEndActualBalanceAmount>
    <reportPeriodEndScheduledLoanBalanceAmount>30000000.00</reportPeriodEndScheduledLoanBalanceAmount>
    <paidThroughDate>06-07-2026</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>4B</assetNumber>
    <reportingPeriodBeginningDate>05-12-2026</reportingPeriodBeginningDate>
    <reportingPeriodEndDate>06-11-2026</reportingPeriodEndDate>
    <originatorName>MSBNA</originatorName>
    <originationDate>02-26-2025</originationDate>
    <originalLoanAmount>7000000.00</originalLoanAmount>
    <originalTermLoanNumber>60</originalTermLoanNumber>
    <maturityDate>03-07-2030</maturityDate>
    <originalInterestRatePercentage>0.0556</originalInterestRatePercentage>
    <interestRateSecuritizationPercentage>0.0556</interestRateSecuritizationPercentage>
    <interestAccrualMethodCode>3</interestAccrualMethodCode>
    <originalInterestRateTypeCode>1</originalInterestRateTypeCode>
    <originalInterestOnlyTermNumber>60</originalInterestOnlyTermNumber>
    <firstLoanPaymentDueDate>04-07-2025</firstLoanPaymentDueDate>
    <lienPositionSecuritizationCode>1</lienPositionSecuritizationCode>
    <loanStructureCode>PP</loanStructureCode>
    <paymentTypeCode>3</paymentTypeCode>
    <scheduledPrincipalBalanceSecuritizationAmount>7000000.00</scheduledPrincipalBalanceSecuritizationAmount>
    <paymentFrequencyCode>1</paymentFrequencyCode>
    <graceDaysAllowedNumber>0</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>7000000.00</reportPeriodBeginningScheduleLoanBalanceAmount>
    <totalScheduledPrincipalInterestDueAmount>33514.44</totalScheduledPrincipalInterestDueAmount>
    <reportPeriodInterestRatePercentage>0.0556</reportPeriodInterestRatePercentage>
    <servicerTrusteeFeeRatePercentage>0.0001791</servicerTrusteeFeeRatePercentage>
    <scheduledInterestAmount>33514.44</scheduledInterestAmount>
    <scheduledPrincipalAmount>0.00</scheduledPrincipalAmount>
    <unscheduledPrincipalCollectedAmount>0.00</unscheduledPrincipalCollectedAmount>
    <reportPeriodEndActualBalanceAmount>7000000.00</reportPeriodEndActualBalanceAmount>
    <reportPeriodEndScheduledLoanBalanceAmount>7000000.00</reportPeriodEndScheduledLoanBalanceAmount>
    <paidThroughDate>06-07-2026</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>4A</assetNumber>
    <reportingPeriodBeginningDate>05-12-2026</reportingPeriodBeginningDate>
    <reportingPeriodEndDate>06-11-2026</reportingPeriodEndDate>
    <originatorName>MSBNA</originatorName>
    <originationDate>02-26-2025</originationDate>
    <originalLoanAmount>30000000.00</originalLoanAmount>
    <originalTermLoanNumber>60</originalTermLoanNumber>
    <maturityDate>03-07-2030</maturityDate>
    <originalInterestRatePercentage>0.0556</originalInterestRatePercentage>
    <interestRateSecuritizationPercentage>0.0556</interestRateSecuritizationPercentage>
    <interestAccrualMethodCode>3</interestAccrualMethodCode>
    <originalInterestRateTypeCode>1</originalInterestRateTypeCode>
    <originalInterestOnlyTermNumber>60</originalInterestOnlyTermNumber>
    <firstLoanPaymentDueDate>04-07-2025</firstLoanPaymentDueDate>
    <lienPositionSecuritizationCode>1</lienPositionSecuritizationCode>
    <loanStructureCode>PP</loanStructureCode>
    <paymentTypeCode>3</paymentTypeCode>
    <scheduledPrincipalBalanceSecuritizationAmount>30000000.00</scheduledPrincipalBalanceSecuritizationAmount>
    <paymentFrequencyCode>1</paymentFrequencyCode>
    <graceDaysAllowedNumber>0</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>30000000.00</reportPeriodBeginningScheduleLoanBalanceAmount>
    <totalScheduledPrincipalInterestDueAmount>143633.33</totalScheduledPrincipalInterestDueAmount>
    <reportPeriodInterestRatePercentage>0.0556</reportPeriodInterestRatePercentage>
    <servicerTrusteeFeeRatePercentage>0.0001791</servicerTrusteeFeeRatePercentage>
    <scheduledInterestAmount>143633.33</scheduledInterestAmount>
    <scheduledPrincipalAmount>0.00</scheduledPrincipalAmount>
    <unscheduledPrincipalCollectedAmount>0.00</unscheduledPrincipalCollectedAmount>
    <reportPeriodEndActualBalanceAmount>30000000.00</reportPeriodEndActualBalanceAmount>
    <reportPeriodEndScheduledLoanBalanceAmount>30000000.00</reportPeriodEndScheduledLoanBalanceAmount>
    <paidThroughDate>06-07-2026</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>05-12-2026</reportingPeriodBeginningDate>
    <reportingPeriodEndDate>06-11-2026</reportingPeriodEndDate>
    <originatorName>WFB</originatorName>
    <originationDate>03-13-2025</originationDate>
    <originalLoanAmount>60000000.00</originalLoanAmount>
    <originalTermLoanNumber>60</originalTermLoanNumber>
    <maturityDate>04-11-2030</maturityDate>
    <originalInterestRatePercentage>0.0688</originalInterestRatePercentage>
    <interestRateSecuritizationPercentage>0.0688</interestRateSecuritizationPercentage>
    <interestAccrualMethodCode>3</interestAccrualMethodCode>
    <originalInterestRateTypeCode>1</originalInterestRateTypeCode>
    <originalInterestOnlyTermNumber>60</originalInterestOnlyTermNumber>
    <firstLoanPaymentDueDate>05-11-2025</firstLoanPaymentDueDate>
    <underwritingIndicator>true</underwritingIndicator>
    <lienPositionSecuritizationCode>1</lienPositionSecuritizationCode>
    <loanStructureCode>WL</loanStructureCode>
    <paymentTypeCode>3</paymentTypeCode>
    <periodicPrincipalAndInterestPaymentSecuritizationAmount>0.00</periodicPrincipalAndInterestPaymentSecuritizationAmount>
    <scheduledPrincipalBalanceSecuritizationAmount>60000000.00</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>10-10-2029</prepaymentLockOutEndDate>
    <property>
      <propertyName>8044 MONTGOMERY</propertyName>
      <propertyAddress>8044 MONTGOMERY ROAD</propertyAddress>
      <propertyCity>Cincinnati</propertyCity>
      <propertyState>OH</propertyState>
      <propertyZip>45236</propertyZip>
      <propertyCounty>Hamilton</propertyCounty>
      <propertyTypeCode>OF</propertyTypeCode>
      <netRentableSquareFeetNumber>402044</netRentableSquareFeetNumber>
      <netRentableSquareFeetSecuritizationNumber>402044</netRentableSquareFeetSecuritizationNumber>
      <yearBuiltNumber>1987</yearBuiltNumber>
      <yearLastRenovated>2020</yearLastRenovated>
      <valuationSecuritizationAmount>93000000.00</valuationSecuritizationAmount>
      <valuationSourceSecuritizationCode>MAI</valuationSourceSecuritizationCode>
      <valuationSecuritizationDate>12-17-2024</valuationSecuritizationDate>
      <physicalOccupancySecuritizationPercentage>0.91</physicalOccupancySecuritizationPercentage>
      <mostRecentPhysicalOccupancyPercentage>0.91</mostRecentPhysicalOccupancyPercentage>
      <propertyStatusCode>6</propertyStatusCode>
      <defeasanceOptionStartDate>05-11-2027</defeasanceOptionStartDate>
      <DefeasedStatusCode>N</DefeasedStatusCode>
      <largestTenant>UBS Financial Services  Inc.</largestTenant>
      <squareFeetLargestTenantNumber>46662</squareFeetLargestTenantNumber>
      <leaseExpirationLargestTenantDate>10-31-2035</leaseExpirationLargestTenantDate>
      <secondLargestTenant>Horan Associates  Inc.</secondLargestTenant>
      <squareFeetSecondLargestTenantNumber>33809</squareFeetSecondLargestTenantNumber>
      <leaseExpirationSecondLargestTenantDate>01-31-2033</leaseExpirationSecondLargestTenantDate>
      <thirdLargestTenant>Sibcy Cline  Inc.</thirdLargestTenant>
      <squareFeetThirdLargestTenantNumber>31821</squareFeetThirdLargestTenantNumber>
      <leaseExpirationThirdLargestTenantDate>03-31-2028</leaseExpirationThirdLargestTenantDate>
      <financialsSecuritizationDate>11-30-2024</financialsSecuritizationDate>
      <mostRecentFinancialsStartDate>01-01-2026</mostRecentFinancialsStartDate>
      <mostRecentFinancialsEndDate>03-31-2026</mostRecentFinancialsEndDate>
      <revenueSecuritizationAmount>11858729.32</revenueSecuritizationAmount>
      <mostRecentRevenueAmount>3008472.00</mostRecentRevenueAmount>
      <operatingExpensesSecuritizationAmount>4287606.83</operatingExpensesSecuritizationAmount>
      <operatingExpensesAmount>1351122.66</operatingExpensesAmount>
      <netOperatingIncomeSecuritizationAmount>7571122.49</netOperatingIncomeSecuritizationAmount>
      <mostRecentNetOperatingIncomeAmount>1657349.34</mostRecentNetOperatingIncomeAmount>
      <netCashFlowFlowSecuritizationAmount>7090763.25</netCashFlowFlowSecuritizationAmount>
      <mostRecentNetCashFlowAmount>1537259.53</mostRecentNetCashFlowAmount>
      <netOperatingIncomeNetCashFlowSecuritizationCode>UW</netOperatingIncomeNetCashFlowSecuritizationCode>
      <netOperatingIncomeNetCashFlowCode>CREFC</netOperatingIncomeNetCashFlowCode>
      <mostRecentDebtServiceAmount>1032000.01</mostRecentDebtServiceAmount>
      <debtServiceCoverageNetOperatingIncomeSecuritizationPercentage>1.81</debtServiceCoverageNetOperatingIncomeSecuritizationPercentage>
      <mostRecentDebtServiceCoverageNetOperatingIncomePercentage>1.6059</mostRecentDebtServiceCoverageNetOperatingIncomePercentage>
      <debtServiceCoverageNetCashFlowSecuritizationPercentage>1.69</debtServiceCoverageNetCashFlowSecuritizationPercentage>
      <mostRecentDebtServiceCoverageNetCashFlowpercentage>1.4895</mostRecentDebtServiceCoverageNetCashFlowpercentage>
      <debtServiceCoverageSecuritizationCode>F</debtServiceCoverageSecuritizationCode>
      <mostRecentDebtServiceCoverageCode>F</mostRecentDebtServiceCoverageCode>
      <mostRecentAnnualLeaseRolloverReviewDate>03-31-2026</mostRecentAnnualLeaseRolloverReviewDate>
    </property>
    <assetAddedIndicator>false</assetAddedIndicator>
    <reportPeriodModificationIndicator>false</reportPeriodModificationIndicator>
    <reportPeriodBeginningScheduleLoanBalanceAmount>60000000.00</reportPeriodBeginningScheduleLoanBalanceAmount>
    <totalScheduledPrincipalInterestDueAmount>355466.67</totalScheduledPrincipalInterestDueAmount>
    <reportPeriodInterestRatePercentage>0.0688</reportPeriodInterestRatePercentage>
    <servicerTrusteeFeeRatePercentage>0.0001791</servicerTrusteeFeeRatePercentage>
    <scheduledInterestAmount>355466.67</scheduledInterestAmount>
    <scheduledPrincipalAmount>0.00</scheduledPrincipalAmount>
    <unscheduledPrincipalCollectedAmount>0.00</unscheduledPrincipalCollectedAmount>
    <reportPeriodEndActualBalanceAmount>60000000.00</reportPeriodEndActualBalanceAmount>
    <reportPeriodEndScheduledLoanBalanceAmount>60000000.00</reportPeriodEndScheduledLoanBalanceAmount>
    <paidThroughDate>06-11-2026</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>6</assetNumber>
    <reportingPeriodBeginningDate>05-12-2026</reportingPeriodBeginningDate>
    <reportingPeriodEndDate>06-11-2026</reportingPeriodEndDate>
    <originatorName>JPMCB/WFB</originatorName>
    <originationDate>01-09-2025</originationDate>
    <originalLoanAmount>500000.00</originalLoanAmount>
    <originalTermLoanNumber>60</originalTermLoanNumber>
    <maturityDate>01-09-2030</maturityDate>
    <originalInterestRatePercentage>0.0549969</originalInterestRatePercentage>
    <interestRateSecuritizationPercentage>0.0549969</interestRateSecuritizationPercentage>
    <interestAccrualMethodCode>3</interestAccrualMethodCode>
    <originalInterestRateTypeCode>1</originalInterestRateTypeCode>
    <originalInterestOnlyTermNumber>60</originalInterestOnlyTermNumber>
    <firstLoanPaymentDueDate>02-09-2025</firstLoanPaymentDueDate>
    <underwritingIndicator>true</underwritingIndicator>
    <lienPositionSecuritizationCode>1</lienPositionSecuritizationCode>
    <loanStructureCode>PP</loanStructureCode>
    <paymentTypeCode>3</paymentTypeCode>
    <periodicPrincipalAndInterestPaymentSecuritizationAmount>241528.10</periodicPrincipalAndInterestPaymentSecuritizationAmount>
    <scheduledPrincipalBalanceSecuritizationAmount>500000.00</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>07-08-2029</prepaymentLockOutEndDate>
    <property>
      <propertyName>THE SPIRAL</propertyName>
      <propertyAddress>66 HUDSON BOULEVARD</propertyAddress>
      <propertyCity>New York</propertyCity>
      <propertyState>NY</propertyState>
      <propertyZip>10001</propertyZip>
      <propertyCounty>New York</propertyCounty>
      <propertyTypeCode>OF</propertyTypeCode>
      <netRentableSquareFeetNumber>2844343</netRentableSquareFeetNumber>
      <netRentableSquareFeetSecuritizationNumber>2844343</netRentableSquareFeetSecuritizationNumber>
      <yearBuiltNumber>2022</yearBuiltNumber>
      <valuationSecuritizationAmount>4600000000.00</valuationSecuritizationAmount>
      <valuationSourceSecuritizationCode>MAI</valuationSourceSecuritizationCode>
      <valuationSecuritizationDate>12-01-2026</valuationSecuritizationDate>
      <physicalOccupancySecuritizationPercentage>0.94</physicalOccupancySecuritizationPercentage>
      <mostRecentPhysicalOccupancyPercentage>0.97</mostRecentPhysicalOccupancyPercentage>
      <propertyStatusCode>6</propertyStatusCode>
      <defeasanceOptionStartDate>05-09-2027</defeasanceOptionStartDate>
      <DefeasedStatusCode>N</DefeasedStatusCode>
      <largestTenant>Pfizer  Inc.</largestTenant>
      <squareFeetLargestTenantNumber>766586</squareFeetLargestTenantNumber>
      <leaseExpirationLargestTenantDate>08-31-2042</leaseExpirationLargestTenantDate>
      <secondLargestTenant>Debevoise &amp; Plimpton LLP</secondLargestTenant>
      <squareFeetSecondLargestTenantNumber>530722</squareFeetSecondLargestTenantNumber>
      <leaseExpirationSecondLargestTenantDate>10-31-2042</leaseExpirationSecondLargestTenantDate>
      <thirdLargestTenant>TPG Global  LLC</thirdLargestTenant>
      <squareFeetThirdLargestTenantNumber>340346</squareFeetThirdLargestTenantNumber>
      <leaseExpirationThirdLargestTenantDate>07-31-2041</leaseExpirationThirdLargestTenantDate>
      <financialsSecuritizationDate>11-30-2024</financialsSecuritizationDate>
      <mostRecentFinancialsStartDate>12-31-2024</mostRecentFinancialsStartDate>
      <mostRecentFinancialsEndDate>12-31-2025</mostRecentFinancialsEndDate>
      <revenueSecuritizationAmount>331268655.53</revenueSecuritizationAmount>
      <mostRecentRevenueAmount>451405690.00</mostRecentRevenueAmount>
      <operatingExpensesSecuritizationAmount>94482657.73</operatingExpensesSecuritizationAmount>
      <operatingExpensesAmount>105460713.00</operatingExpensesAmount>
      <netOperatingIncomeSecuritizationAmount>236785997.80</netOperatingIncomeSecuritizationAmount>
      <mostRecentNetOperatingIncomeAmount>345944977.00</mostRecentNetOperatingIncomeAmount>
      <netCashFlowFlowSecuritizationAmount>230528443.20</netCashFlowFlowSecuritizationAmount>
      <mostRecentNetCashFlowAmount>339687422.00</mostRecentNetCashFlowAmount>
      <netOperatingIncomeNetCashFlowSecuritizationCode>UW</netOperatingIncomeNetCashFlowSecuritizationCode>
      <netOperatingIncomeNetCashFlowCode>CREFC</netOperatingIncomeNetCashFlowCode>
      <mostRecentDebtServiceAmount>165491772.00</mostRecentDebtServiceAmount>
      <debtServiceCoverageNetOperatingIncomeSecuritizationPercentage>2.04</debtServiceCoverageNetOperatingIncomeSecuritizationPercentage>
      <mostRecentDebtServiceCoverageNetOperatingIncomePercentage>2.0904</mostRecentDebtServiceCoverageNetOperatingIncomePercentage>
      <debtServiceCoverageNetCashFlowSecuritizationPercentage>1.99</debtServiceCoverageNetCashFlowSecuritizationPercentage>
      <mostRecentDebtServiceCoverageNetCashFlowpercentage>2.0525</mostRecentDebtServiceCoverageNetCashFlowpercentage>
      <debtServiceCoverageSecuritizationCode>F</debtServiceCoverageSecuritizationCode>
      <mostRecentDebtServiceCoverageCode>F</mostRecentDebtServiceCoverageCode>
      <mostRecentAnnualLeaseRolloverReviewDate>09-30-2025</mostRecentAnnualLeaseRolloverReviewDate>
    </property>
    <assetAddedIndicator>false</assetAddedIndicator>
    <reportPeriodModificationIndicator>false</reportPeriodModificationIndicator>
    <reportPeriodBeginningScheduleLoanBalanceAmount>500000.00</reportPeriodBeginningScheduleLoanBalanceAmount>
    <totalScheduledPrincipalInterestDueAmount>2367.92</totalScheduledPrincipalInterestDueAmount>
    <reportPeriodInterestRatePercentage>0.05499691</reportPeriodInterestRatePercentage>
    <servicerTrusteeFeeRatePercentage>0.0001561</servicerTrusteeFeeRatePercentage>
    <scheduledInterestAmount>2367.92</scheduledInterestAmount>
    <scheduledPrincipalAmount>0.00</scheduledPrincipalAmount>
    <unscheduledPrincipalCollectedAmount>0.00</unscheduledPrincipalCollectedAmount>
    <reportPeriodEndActualBalanceAmount>500000.00</reportPeriodEndActualBalanceAmount>
    <reportPeriodEndScheduledLoanBalanceAmount>500000.00</reportPeriodEndScheduledLoanBalanceAmount>
    <paidThroughDate>06-09-2026</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>6B</assetNumber>
    <reportingPeriodBeginningDate>05-12-2026</reportingPeriodBeginningDate>
    <reportingPeriodEndDate>06-11-2026</reportingPeriodEndDate>
    <originatorName>JPMCB/WFB</originatorName>
    <originationDate>01-09-2025</originationDate>
    <originalLoanAmount>25000000.00</originalLoanAmount>
    <originalTermLoanNumber>60</originalTermLoanNumber>
    <maturityDate>01-09-2030</maturityDate>
    <originalInterestRatePercentage>0.0549969</originalInterestRatePercentage>
    <interestRateSecuritizationPercentage>0.0549969</interestRateSecuritizationPercentage>
    <interestAccrualMethodCode>3</interestAccrualMethodCode>
    <originalInterestRateTypeCode>1</originalInterestRateTypeCode>
    <originalInterestOnlyTermNumber>60</originalInterestOnlyTermNumber>
    <firstLoanPaymentDueDate>02-09-2025</firstLoanPaymentDueDate>
    <lienPositionSecuritizationCode>1</lienPositionSecuritizationCode>
    <loanStructureCode>PP</loanStructureCode>
    <paymentTypeCode>3</paymentTypeCode>
    <scheduledPrincipalBalanceSecuritizationAmount>25000000.00</scheduledPrincipalBalanceSecuritizationAmount>
    <paymentFrequencyCode>1</paymentFrequencyCode>
    <graceDaysAllowedNumber>0</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>25000000.00</reportPeriodBeginningScheduleLoanBalanceAmount>
    <totalScheduledPrincipalInterestDueAmount>118396.13</totalScheduledPrincipalInterestDueAmount>
    <reportPeriodInterestRatePercentage>0.05499691</reportPeriodInterestRatePercentage>
    <servicerTrusteeFeeRatePercentage>0.0001561</servicerTrusteeFeeRatePercentage>
    <scheduledInterestAmount>118396.13</scheduledInterestAmount>
    <scheduledPrincipalAmount>0.00</scheduledPrincipalAmount>
    <unscheduledPrincipalCollectedAmount>0.00</unscheduledPrincipalCollectedAmount>
    <reportPeriodEndActualBalanceAmount>25000000.00</reportPeriodEndActualBalanceAmount>
    <reportPeriodEndScheduledLoanBalanceAmount>25000000.00</reportPeriodEndScheduledLoanBalanceAmount>
    <paidThroughDate>06-09-2026</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>6C</assetNumber>
    <reportingPeriodBeginningDate>05-12-2026</reportingPeriodBeginningDate>
    <reportingPeriodEndDate>06-11-2026</reportingPeriodEndDate>
    <originatorName>JPMCB/WFB</originatorName>
    <originationDate>01-09-2025</originationDate>
    <originalLoanAmount>25000000.00</originalLoanAmount>
    <originalTermLoanNumber>60</originalTermLoanNumber>
    <maturityDate>01-09-2030</maturityDate>
    <originalInterestRatePercentage>0.0549969</originalInterestRatePercentage>
    <interestRateSecuritizationPercentage>0.0549969</interestRateSecuritizationPercentage>
    <interestAccrualMethodCode>3</interestAccrualMethodCode>
    <originalInterestRateTypeCode>1</originalInterestRateTypeCode>
    <originalInterestOnlyTermNumber>60</originalInterestOnlyTermNumber>
    <firstLoanPaymentDueDate>02-09-2025</firstLoanPaymentDueDate>
    <lienPositionSecuritizationCode>1</lienPositionSecuritizationCode>
    <loanStructureCode>PP</loanStructureCode>
    <paymentTypeCode>3</paymentTypeCode>
    <scheduledPrincipalBalanceSecuritizationAmount>25000000.00</scheduledPrincipalBalanceSecuritizationAmount>
    <paymentFrequencyCode>1</paymentFrequencyCode>
    <graceDaysAllowedNumber>0</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>25000000.00</reportPeriodBeginningScheduleLoanBalanceAmount>
    <totalScheduledPrincipalInterestDueAmount>118396.13</totalScheduledPrincipalInterestDueAmount>
    <reportPeriodInterestRatePercentage>0.05499691</reportPeriodInterestRatePercentage>
    <servicerTrusteeFeeRatePercentage>0.0001561</servicerTrusteeFeeRatePercentage>
    <scheduledInterestAmount>118396.13</scheduledInterestAmount>
    <scheduledPrincipalAmount>0.00</scheduledPrincipalAmount>
    <unscheduledPrincipalCollectedAmount>0.00</unscheduledPrincipalCollectedAmount>
    <reportPeriodEndActualBalanceAmount>25000000.00</reportPeriodEndActualBalanceAmount>
    <reportPeriodEndScheduledLoanBalanceAmount>25000000.00</reportPeriodEndScheduledLoanBalanceAmount>
    <paidThroughDate>06-09-2026</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>6A</assetNumber>
    <reportingPeriodBeginningDate>05-12-2026</reportingPeriodBeginningDate>
    <reportingPeriodEndDate>06-11-2026</reportingPeriodEndDate>
    <originatorName>JPMCB/WFB</originatorName>
    <originationDate>01-09-2025</originationDate>
    <originalLoanAmount>500000.00</originalLoanAmount>
    <originalTermLoanNumber>60</originalTermLoanNumber>
    <maturityDate>01-09-2030</maturityDate>
    <originalInterestRatePercentage>0.0549969</originalInterestRatePercentage>
    <interestRateSecuritizationPercentage>0.0549969</interestRateSecuritizationPercentage>
    <interestAccrualMethodCode>3</interestAccrualMethodCode>
    <originalInterestRateTypeCode>1</originalInterestRateTypeCode>
    <originalInterestOnlyTermNumber>60</originalInterestOnlyTermNumber>
    <firstLoanPaymentDueDate>02-09-2025</firstLoanPaymentDueDate>
    <lienPositionSecuritizationCode>1</lienPositionSecuritizationCode>
    <loanStructureCode>PP</loanStructureCode>
    <paymentTypeCode>3</paymentTypeCode>
    <scheduledPrincipalBalanceSecuritizationAmount>500000.00</scheduledPrincipalBalanceSecuritizationAmount>
    <paymentFrequencyCode>1</paymentFrequencyCode>
    <graceDaysAllowedNumber>0</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>500000.00</reportPeriodBeginningScheduleLoanBalanceAmount>
    <totalScheduledPrincipalInterestDueAmount>2367.92</totalScheduledPrincipalInterestDueAmount>
    <reportPeriodInterestRatePercentage>0.05499691</reportPeriodInterestRatePercentage>
    <servicerTrusteeFeeRatePercentage>0.0001561</servicerTrusteeFeeRatePercentage>
    <scheduledInterestAmount>2367.92</scheduledInterestAmount>
    <scheduledPrincipalAmount>0.00</scheduledPrincipalAmount>
    <unscheduledPrincipalCollectedAmount>0.00</unscheduledPrincipalCollectedAmount>
    <reportPeriodEndActualBalanceAmount>500000.00</reportPeriodEndActualBalanceAmount>
    <reportPeriodEndScheduledLoanBalanceAmount>500000.00</reportPeriodEndScheduledLoanBalanceAmount>
    <paidThroughDate>06-09-2026</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>7</assetNumber>
    <reportingPeriodBeginningDate>05-12-2026</reportingPeriodBeginningDate>
    <reportingPeriodEndDate>06-11-2026</reportingPeriodEndDate>
    <originatorName>MSBNA</originatorName>
    <originationDate>02-27-2025</originationDate>
    <originalLoanAmount>47000000.00</originalLoanAmount>
    <originalTermLoanNumber>60</originalTermLoanNumber>
    <maturityDate>03-01-2030</maturityDate>
    <originalInterestRatePercentage>0.06825</originalInterestRatePercentage>
    <interestRateSecuritizationPercentage>0.06825</interestRateSecuritizationPercentage>
    <interestAccrualMethodCode>3</interestAccrualMethodCode>
    <originalInterestRateTypeCode>1</originalInterestRateTypeCode>
    <originalInterestOnlyTermNumber>60</originalInterestOnlyTermNumber>
    <firstLoanPaymentDueDate>04-01-2025</firstLoanPaymentDueDate>
    <underwritingIndicator>true</underwritingIndicator>
    <lienPositionSecuritizationCode>1</lienPositionSecuritizationCode>
    <loanStructureCode>WL</loanStructureCode>
    <paymentTypeCode>3</paymentTypeCode>
    <periodicPrincipalAndInterestPaymentSecuritizationAmount>276222.92</periodicPrincipalAndInterestPaymentSecuritizationAmount>
    <scheduledPrincipalBalanceSecuritizationAmount>47000000.00</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>11-30-2029</prepaymentLockOutEndDate>
    <property>
      <propertyName>Atlanta Galleria Hotel Portfolio</propertyName>
      <propertyCity>Atlanta</propertyCity>
      <propertyState>GA</propertyState>
      <propertyCounty>Cobb</propertyCounty>
      <propertyTypeCode>LO</propertyTypeCode>
      <unitsBedsRoomsNumber>547</unitsBedsRoomsNumber>
      <unitsBedsRoomsSecuritizationNumber>547</unitsBedsRoomsSecuritizationNumber>
      <valuationSecuritizationAmount>73000000.00</valuationSecuritizationAmount>
      <valuationSecuritizationDate>11-26-2024</valuationSecuritizationDate>
      <physicalOccupancySecuritizationPercentage>0.62</physicalOccupancySecuritizationPercentage>
      <mostRecentPhysicalOccupancyPercentage>0.61</mostRecentPhysicalOccupancyPercentage>
      <defeasanceOptionStartDate>05-01-2027</defeasanceOptionStartDate>
      <DefeasedStatusCode>N</DefeasedStatusCode>
      <financialsSecuritizationDate>12-31-2024</financialsSecuritizationDate>
      <mostRecentFinancialsStartDate>12-31-2024</mostRecentFinancialsStartDate>
      <mostRecentFinancialsEndDate>12-31-2025</mostRecentFinancialsEndDate>
      <revenueSecuritizationAmount>27809946.00</revenueSecuritizationAmount>
      <mostRecentRevenueAmount>27299029.04</mostRecentRevenueAmount>
      <operatingExpensesSecuritizationAmount>19930942.00</operatingExpensesSecuritizationAmount>
      <operatingExpensesAmount>19591716.30</operatingExpensesAmount>
      <netOperatingIncomeSecuritizationAmount>7879004.00</netOperatingIncomeSecuritizationAmount>
      <mostRecentNetOperatingIncomeAmount>7707312.74</mostRecentNetOperatingIncomeAmount>
      <netCashFlowFlowSecuritizationAmount>6766606.00</netCashFlowFlowSecuritizationAmount>
      <mostRecentNetCashFlowAmount>6615351.58</mostRecentNetCashFlowAmount>
      <netOperatingIncomeNetCashFlowSecuritizationCode>UW</netOperatingIncomeNetCashFlowSecuritizationCode>
      <mostRecentDebtServiceAmount>3252302.12</mostRecentDebtServiceAmount>
      <debtServiceCoverageNetOperatingIncomeSecuritizationPercentage>2.42</debtServiceCoverageNetOperatingIncomeSecuritizationPercentage>
      <mostRecentDebtServiceCoverageNetOperatingIncomePercentage>2.3698</mostRecentDebtServiceCoverageNetOperatingIncomePercentage>
      <debtServiceCoverageNetCashFlowSecuritizationPercentage>2.08</debtServiceCoverageNetCashFlowSecuritizationPercentage>
      <mostRecentDebtServiceCoverageNetCashFlowpercentage>2.034</mostRecentDebtServiceCoverageNetCashFlowpercentage>
      <debtServiceCoverageSecuritizationCode>F</debtServiceCoverageSecuritizationCode>
      <mostRecentDebtServiceCoverageCode>F</mostRecentDebtServiceCoverageCode>
    </property>
    <assetAddedIndicator>false</assetAddedIndicator>
    <reportPeriodModificationIndicator>false</reportPeriodModificationIndicator>
    <reportPeriodBeginningScheduleLoanBalanceAmount>47000000.00</reportPeriodBeginningScheduleLoanBalanceAmount>
    <totalScheduledPrincipalInterestDueAmount>276222.92</totalScheduledPrincipalInterestDueAmount>
    <reportPeriodInterestRatePercentage>0.06825</reportPeriodInterestRatePercentage>
    <servicerTrusteeFeeRatePercentage>0.0001791</servicerTrusteeFeeRatePercentage>
    <scheduledInterestAmount>276222.92</scheduledInterestAmount>
    <scheduledPrincipalAmount>0.00</scheduledPrincipalAmount>
    <unscheduledPrincipalCollectedAmount>0.00</unscheduledPrincipalCollectedAmount>
    <reportPeriodEndActualBalanceAmount>47000000.00</reportPeriodEndActualBalanceAmount>
    <reportPeriodEndScheduledLoanBalanceAmount>47000000.00</reportPeriodEndScheduledLoanBalanceAmount>
    <paidThroughDate>06-01-2026</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>7-001</assetNumber>
    <reportingPeriodBeginningDate>05-12-2026</reportingPeriodBeginningDate>
    <reportingPeriodEndDate>06-11-2026</reportingPeriodEndDate>
    <property>
      <propertyName>MARRIOTT NORTHWEST ATLANTA AT GALLERIA</propertyName>
      <propertyAddress>200 INTERSTATE NORTH PARKWAY SOUTHEAST</propertyAddress>
      <propertyCity>Atlanta</propertyCity>
      <propertyState>GA</propertyState>
      <propertyZip>30339</propertyZip>
      <propertyCounty>Cobb</propertyCounty>
      <propertyTypeCode>LO</propertyTypeCode>
      <unitsBedsRoomsNumber>400</unitsBedsRoomsNumber>
      <unitsBedsRoomsSecuritizationNumber>400</unitsBedsRoomsSecuritizationNumber>
      <yearBuiltNumber>1980</yearBuiltNumber>
      <yearLastRenovated>2020</yearLastRenovated>
      <valuationSecuritizationAmount>49000000.00</valuationSecuritizationAmount>
      <valuationSourceSecuritizationCode>MAI</valuationSourceSecuritizationCode>
      <valuationSecuritizationDate>11-26-2024</valuationSecuritizationDate>
      <physicalOccupancySecuritizationPercentage>0.58</physicalOccupancySecuritizationPercentage>
      <mostRecentPhysicalOccupancyPercentage>0.52</mostRecentPhysicalOccupancyPercentage>
      <propertyStatusCode>6</propertyStatusCode>
      <financialsSecuritizationDate>12-31-2024</financialsSecuritizationDate>
      <mostRecentFinancialsStartDate>12-31-2024</mostRecentFinancialsStartDate>
      <mostRecentFinancialsEndDate>12-31-2025</mostRecentFinancialsEndDate>
      <revenueSecuritizationAmount>21096253.00</revenueSecuritizationAmount>
      <mostRecentRevenueAmount>27299029.04</mostRecentRevenueAmount>
      <operatingExpensesSecuritizationAmount>15972905.00</operatingExpensesSecuritizationAmount>
      <operatingExpensesAmount>19591716.30</operatingExpensesAmount>
      <netOperatingIncomeSecuritizationAmount>5123348.00</netOperatingIncomeSecuritizationAmount>
      <mostRecentNetOperatingIncomeAmount>7707312.74</mostRecentNetOperatingIncomeAmount>
      <netCashFlowFlowSecuritizationAmount>4279498.00</netCashFlowFlowSecuritizationAmount>
      <mostRecentNetCashFlowAmount>6615351.58</mostRecentNetCashFlowAmount>
      <netOperatingIncomeNetCashFlowSecuritizationCode>UW</netOperatingIncomeNetCashFlowSecuritizationCode>
      <netOperatingIncomeNetCashFlowCode>CREFC</netOperatingIncomeNetCashFlowCode>
      <mostRecentDebtServiceAmount>3252302.12</mostRecentDebtServiceAmount>
      <mostRecentDebtServiceCoverageNetOperatingIncomePercentage>2.3698</mostRecentDebtServiceCoverageNetOperatingIncomePercentage>
      <mostRecentDebtServiceCoverageNetCashFlowpercentage>2.034</mostRecentDebtServiceCoverageNetCashFlowpercentage>
      <mostRecentDebtServiceCoverageCode>F</mostRecentDebtServiceCoverageCode>
      <mostRecentAnnualLeaseRolloverReviewDate>12-31-2024</mostRecentAnnualLeaseRolloverReviewDate>
    </property>
    <assetAddedIndicator>false</assetAddedIndicator>
  </assets>
  <assets>
    <assetTypeNumber>Prospectus Loan ID</assetTypeNumber>
    <assetNumber>7-002</assetNumber>
    <reportingPeriodBeginningDate>05-12-2026</reportingPeriodBeginningDate>
    <reportingPeriodEndDate>06-11-2026</reportingPeriodEndDate>
    <property>
      <propertyName>SPRINGHILL SUITES ATLANTA NORTHWEST</propertyName>
      <propertyAddress>230 INTERSTATE NORTH CIRCLE SOUTHEAST</propertyAddress>
      <propertyCity>Atlanta</propertyCity>
      <propertyState>GA</propertyState>
      <propertyZip>30339</propertyZip>
      <propertyCounty>Cobb</propertyCounty>
      <propertyTypeCode>LO</propertyTypeCode>
      <unitsBedsRoomsNumber>147</unitsBedsRoomsNumber>
      <unitsBedsRoomsSecuritizationNumber>147</unitsBedsRoomsSecuritizationNumber>
      <yearBuiltNumber>2022</yearBuiltNumber>
      <valuationSecuritizationAmount>24000000.00</valuationSecuritizationAmount>
      <valuationSourceSecuritizationCode>MAI</valuationSourceSecuritizationCode>
      <valuationSecuritizationDate>11-26-2024</valuationSecuritizationDate>
      <physicalOccupancySecuritizationPercentage>0.74</physicalOccupancySecuritizationPercentage>
      <mostRecentPhysicalOccupancyPercentage>0.7</mostRecentPhysicalOccupancyPercentage>
      <propertyStatusCode>6</propertyStatusCode>
      <financialsSecuritizationDate>12-31-2024</financialsSecuritizationDate>
      <mostRecentFinancialsStartDate>12-31-2024</mostRecentFinancialsStartDate>
      <mostRecentFinancialsEndDate>12-31-2025</mostRecentFinancialsEndDate>
      <revenueSecuritizationAmount>6713693.00</revenueSecuritizationAmount>
      <mostRecentRevenueAmount>0.00</mostRecentRevenueAmount>
      <operatingExpensesSecuritizationAmount>3958037.00</operatingExpensesSecuritizationAmount>
      <operatingExpensesAmount>0.00</operatingExpensesAmount>
      <netOperatingIncomeSecuritizationAmount>2755656.00</netOperatingIncomeSecuritizationAmount>
      <mostRecentNetOperatingIncomeAmount>0.00</mostRecentNetOperatingIncomeAmount>
      <netCashFlowFlowSecuritizationAmount>2487108.00</netCashFlowFlowSecuritizationAmount>
      <mostRecentNetCashFlowAmount>0.00</mostRecentNetCashFlowAmount>
      <netOperatingIncomeNetCashFlowSecuritizationCode>UW</netOperatingIncomeNetCashFlowSecuritizationCode>
      <netOperatingIncomeNetCashFlowCode>CREFC</netOperatingIncomeNetCashFlowCode>
      <mostRecentDebtServiceAmount>0.00</mostRecentDebtServiceAmount>
      <mostRecentDebtServiceCoverageNetOperatingIncomePercentage>0.00</mostRecentDebtServiceCoverageNetOperatingIncomePercentage>
      <mostRecentDebtServiceCoverageCode>C</mostRecentDebtServiceCoverageCode>
      <mostRecentAnnualLeaseRolloverReviewDate>12-31-2024</mostRecentAnnualLeaseRolloverReviewDate>
    </property>
    <assetAddedIndicator>false</assetAddedIndicator>
  </assets>
  <assets>
    <assetTypeNumber>Prospectus Loan ID</assetTypeNumber>
    <assetNumber>8</assetNumber>
    <reportingPeriodBeginningDate>05-12-2026</reportingPeriodBeginningDate>
    <reportingPeriodEndDate>06-11-2026</reportingPeriodEndDate>
    <originatorName>JPMCB</originatorName>
    <originationDate>03-14-2025</originationDate>
    <originalLoanAmount>44100000.00</originalLoanAmount>
    <originalTermLoanNumber>60</originalTermLoanNumber>
    <maturityDate>04-05-2030</maturityDate>
    <originalInterestRatePercentage>0.0763</originalInterestRatePercentage>
    <interestRateSecuritizationPercentage>0.0763</interestRateSecuritizationPercentage>
    <interestAccrualMethodCode>3</interestAccrualMethodCode>
    <originalInterestRateTypeCode>1</originalInterestRateTypeCode>
    <originalInterestOnlyTermNumber>60</originalInterestOnlyTermNumber>
    <firstLoanPaymentDueDate>05-05-2025</firstLoanPaymentDueDate>
    <underwritingIndicator>true</underwritingIndicator>
    <lienPositionSecuritizationCode>1</lienPositionSecuritizationCode>
    <loanStructureCode>WL</loanStructureCode>
    <paymentTypeCode>3</paymentTypeCode>
    <periodicPrincipalAndInterestPaymentSecuritizationAmount>0.00</periodicPrincipalAndInterestPaymentSecuritizationAmount>
    <scheduledPrincipalBalanceSecuritizationAmount>44100000.00</scheduledPrincipalBalanceSecuritizationAmount>
    <paymentFrequencyCode>1</paymentFrequencyCode>
    <NumberPropertiesSecuritization>4</NumberPropertiesSecuritization>
    <NumberProperties>4</NumberProperties>
    <graceDaysAllowedNumber>0</graceDaysAllowedNumber>
    <interestOnlyIndicator>true</interestOnlyIndicator>
    <balloonIndicator>true</balloonIndicator>
    <prepaymentPremiumIndicator>false</prepaymentPremiumIndicator>
    <negativeAmortizationIndicator>false</negativeAmortizationIndicator>
    <modifiedIndicator>false</modifiedIndicator>
    <prepaymentLockOutEndDate>11-04-2029</prepaymentLockOutEndDate>
    <property>
      <propertyName>Sycamore Portfolio</propertyName>
      <propertyCity>Los Angeles</propertyCity>
      <propertyState>CA</propertyState>
      <propertyCounty>Los Angeles</propertyCounty>
      <netRentableSquareFeetSecuritizationNumber>107742</netRentableSquareFeetSecuritizationNumber>
      <valuationSecuritizationAmount>91700000.00</valuationSecuritizationAmount>
      <valuationSecuritizationDate>11-26-2024</valuationSecuritizationDate>
      <physicalOccupancySecuritizationPercentage>1</physicalOccupancySecuritizationPercentage>
      <mostRecentPhysicalOccupancyPercentage>1</mostRecentPhysicalOccupancyPercentage>
      <defeasanceOptionStartDate>05-05-2027</defeasanceOptionStartDate>
      <DefeasedStatusCode>N</DefeasedStatusCode>
      <financialsSecuritizationDate>12-31-2024</financialsSecuritizationDate>
      <mostRecentFinancialsStartDate>12-31-2024</mostRecentFinancialsStartDate>
      <mostRecentFinancialsEndDate>12-31-2025</mostRecentFinancialsEndDate>
      <revenueSecuritizationAmount>7616574.02</revenueSecuritizationAmount>
      <mostRecentRevenueAmount>8065795.00</mostRecentRevenueAmount>
      <operatingExpensesSecuritizationAmount>2745563.70</operatingExpensesSecuritizationAmount>
      <operatingExpensesAmount>3076170.00</operatingExpensesAmount>
      <netOperatingIncomeSecuritizationAmount>4871010.31</netOperatingIncomeSecuritizationAmount>
      <mostRecentNetOperatingIncomeAmount>4989625.00</mostRecentNetOperatingIncomeAmount>
      <netCashFlowFlowSecuritizationAmount>4837848.91</netCashFlowFlowSecuritizationAmount>
      <mostRecentNetCashFlowAmount>4965702.00</mostRecentNetCashFlowAmount>
      <netOperatingIncomeNetCashFlowSecuritizationCode>UW</netOperatingIncomeNetCashFlowSecuritizationCode>
      <mostRecentDebtServiceAmount>2559191.00</mostRecentDebtServiceAmount>
      <debtServiceCoverageNetOperatingIncomeSecuritizationPercentage>1.43</debtServiceCoverageNetOperatingIncomeSecuritizationPercentage>
      <mostRecentDebtServiceCoverageNetOperatingIncomePercentage>1.9496</mostRecentDebtServiceCoverageNetOperatingIncomePercentage>
      <debtServiceCoverageNetCashFlowSecuritizationPercentage>1.42</debtServiceCoverageNetCashFlowSecuritizationPercentage>
      <mostRecentDebtServiceCoverageNetCashFlowpercentage>1.9403</mostRecentDebtServiceCoverageNetCashFlowpercentage>
      <debtServiceCoverageSecuritizationCode>F</debtServiceCoverageSecuritizationCode>
      <mostRecentDebtServiceCoverageCode>F</mostRecentDebtServiceCoverageCode>
    </property>
    <assetAddedIndicator>false</assetAddedIndicator>
    <reportPeriodModificationIndicator>false</reportPeriodModificationIndicator>
    <reportPeriodBeginningScheduleLoanBalanceAmount>44100000.00</reportPeriodBeginningScheduleLoanBalanceAmount>
    <totalScheduledPrincipalInterestDueAmount>289749.25</totalScheduledPrincipalInterestDueAmount>
    <reportPeriodInterestRatePercentage>0.0763</reportPeriodInterestRatePercentage>
    <servicerTrusteeFeeRatePercentage>0.0001666</servicerTrusteeFeeRatePercentage>
    <scheduledInterestAmount>289749.25</scheduledInterestAmount>
    <scheduledPrincipalAmount>0.00</scheduledPrincipalAmount>
    <unscheduledPrincipalCollectedAmount>0.00</unscheduledPrincipalCollectedAmount>
    <reportPeriodEndActualBalanceAmount>44100000.00</reportPeriodEndActualBalanceAmount>
    <reportPeriodEndScheduledLoanBalanceAmount>44100000.00</reportPeriodEndScheduledLoanBalanceAmount>
    <paidThroughDate>06-05-2026</paidThroughDate>
    <servicingAdvanceMethodCode>1</servicingAdvanceMethodCode>
    <nonRecoverabilityIndicator>false</nonRecoverabilityIndicator>
    <totalPrincipalInterestAdvancedOutstandingAmount>0</totalPrincipalInterestAdvancedOutstandingAmount>
    <totalTaxesInsuranceAdvancesOutstandingAmount>0</totalTaxesInsuranceAdvancesOutstandingAmount>
    <otherExpensesAdvancedOutstandingAmount>0</otherExpensesAdvancedOutstandingAmount>
    <paymentStatusLoanCode>0</paymentStatusLoanCode>
    <nextInterestRatePercentage>0</nextInterestRatePercentage>
    <primaryServicerName>Midland Loan Services</primaryServicerName>
    <assetSubjectDemandIndicator>false</assetSubjectDemandIndicator>
  </assets>
  <assets>
    <assetTypeNumber>Prospectus Loan ID</assetTypeNumber>
    <assetNumber>8-001</assetNumber>
    <reportingPeriodBeginningDate>05-12-2026</reportingPeriodBeginningDate>
    <reportingPeriodEndDate>06-11-2026</reportingPeriodEndDate>
    <property>
      <propertyName>926 NORTH SYCAMORE AVENUE</propertyName>
      <propertyAddress>926 NORTH SYCAMORE AVENUE</propertyAddress>
      <propertyCity>Los Angeles</propertyCity>
      <propertyState>CA</propertyState>
      <propertyZip>90038</propertyZip>
      <propertyCounty>Los Angeles</propertyCounty>
      <propertyTypeCode>MU</propertyTypeCode>
      <netRentableSquareFeetNumber>77725</netRentableSquareFeetNumber>
      <netRentableSquareFeetSecuritizationNumber>77725</netRentableSquareFeetSecuritizationNumber>
      <yearBuiltNumber>2021</yearBuiltNumber>
      <valuationSecuritizationAmount>68600000.00</valuationSecuritizationAmount>
      <valuationSourceSecuritizationCode>MAI</valuationSourceSecuritizationCode>
      <valuationSecuritizationDate>11-26-2024</valuationSecuritizationDate>
      <physicalOccupancySecuritizationPercentage>1</physicalOccupancySecuritizationPercentage>
      <mostRecentPhysicalOccupancyPercentage>1</mostRecentPhysicalOccupancyPercentage>
      <propertyStatusCode>6</propertyStatusCode>
      <largestTenant>Minml Properties L.L.C.</largestTenant>
      <squareFeetLargestTenantNumber>13599</squareFeetLargestTenantNumber>
      <leaseExpirationLargestTenantDate>03-31-2029</leaseExpirationLargestTenantDate>
      <secondLargestTenant>Kobalt America Holdings  Inc.</secondLargestTenant>
      <squareFeetSecondLargestTenantNumber>12452</squareFeetSecondLargestTenantNumber>
      <leaseExpirationSecondLargestTenantDate>08-31-2035</leaseExpirationSecondLargestTenantDate>
      <thirdLargestTenant>Renewable Resources Group L.L.C.</thirdLargestTenant>
      <squareFeetThirdLargestTenantNumber>11021</squareFeetThirdLargestTenantNumber>
      <leaseExpirationThirdLargestTenantDate>11-30-2031</leaseExpirationThirdLargestTenantDate>
      <financialsSecuritizationDate>12-31-2024</financialsSecuritizationDate>
      <mostRecentFinancialsStartDate>12-31-2024</mostRecentFinancialsStartDate>
      <mostRecentFinancialsEndDate>12-31-2025</mostRecentFinancialsEndDate>
      <revenueSecuritizationAmount>6177297.35</revenueSecuritizationAmount>
      <mostRecentRevenueAmount>8065795.00</mostRecentRevenueAmount>
      <operatingExpensesSecuritizationAmount>2207492.97</operatingExpensesSecuritizationAmount>
      <operatingExpensesAmount>3076170.00</operatingExpensesAmount>
      <netOperatingIncomeSecuritizationAmount>3969804.38</netOperatingIncomeSecuritizationAmount>
      <mostRecentNetOperatingIncomeAmount>4989625.00</mostRecentNetOperatingIncomeAmount>
      <netCashFlowFlowSecuritizationAmount>3945881.77</netCashFlowFlowSecuritizationAmount>
      <mostRecentNetCashFlowAmount>4965702.00</mostRecentNetCashFlowAmount>
      <netOperatingIncomeNetCashFlowSecuritizationCode>UW</netOperatingIncomeNetCashFlowSecuritizationCode>
      <netOperatingIncomeNetCashFlowCode>CREFC</netOperatingIncomeNetCashFlowCode>
      <mostRecentDebtServiceAmount>2559191.00</mostRecentDebtServiceAmount>
      <mostRecentDebtServiceCoverageNetOperatingIncomePercentage>1.9496</mostRecentDebtServiceCoverageNetOperatingIncomePercentage>
      <mostRecentDebtServiceCoverageNetCashFlowpercentage>1.9403</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>05-12-2026</reportingPeriodBeginningDate>
    <reportingPeriodEndDate>06-11-2026</reportingPeriodEndDate>
    <property>
      <propertyName>909-911 NORTH ORANGE DRIVE</propertyName>
      <propertyAddress>909-911 NORTH ORANGE DRIVE</propertyAddress>
      <propertyCity>Los Angeles</propertyCity>
      <propertyState>CA</propertyState>
      <propertyZip>90038</propertyZip>
      <propertyCounty>Los Angeles</propertyCounty>
      <propertyTypeCode>RT</propertyTypeCode>
      <netRentableSquareFeetNumber>10385</netRentableSquareFeetNumber>
      <netRentableSquareFeetSecuritizationNumber>10385</netRentableSquareFeetSecuritizationNumber>
      <yearBuiltNumber>1951</yearBuiltNumber>
      <yearLastRenovated>2022</yearLastRenovated>
      <valuationSecuritizationAmount>8900000.00</valuationSecuritizationAmount>
      <valuationSourceSecuritizationCode>MAI</valuationSourceSecuritizationCode>
      <valuationSecuritizationDate>11-26-2024</valuationSecuritizationDate>
      <physicalOccupancySecuritizationPercentage>1</physicalOccupancySecuritizationPercentage>
      <mostRecentPhysicalOccupancyPercentage>1</mostRecentPhysicalOccupancyPercentage>
      <propertyStatusCode>6</propertyStatusCode>
      <largestTenant>Brella Hollywood  L.L.C. (lbrehol )</largestTenant>
      <squareFeetLargestTenantNumber>5270</squareFeetLargestTenantNumber>
      <leaseExpirationLargestTenantDate>07-31-2034</leaseExpirationLargestTenantDate>
      <secondLargestTenant>Noah Clothing L.L.C. (lnoaclo )</secondLargestTenant>
      <squareFeetSecondLargestTenantNumber>5115</squareFeetSecondLargestTenantNumber>
      <leaseExpirationSecondLargestTenantDate>03-31-2029</leaseExpirationSecondLargestTenantDate>
      <financialsSecuritizationDate>12-31-2024</financialsSecuritizationDate>
      <mostRecentFinancialsStartDate>12-31-2024</mostRecentFinancialsStartDate>
      <mostRecentFinancialsEndDate>12-31-2025</mostRecentFinancialsEndDate>
      <revenueSecuritizationAmount>611940.81</revenueSecuritizationAmount>
      <mostRecentRevenueAmount>0.00</mostRecentRevenueAmount>
      <operatingExpensesSecuritizationAmount>201909.63</operatingExpensesSecuritizationAmount>
      <operatingExpensesAmount>0.00</operatingExpensesAmount>
      <netOperatingIncomeSecuritizationAmount>410031.18</netOperatingIncomeSecuritizationAmount>
      <mostRecentNetOperatingIncomeAmount>0.00</mostRecentNetOperatingIncomeAmount>
      <netCashFlowFlowSecuritizationAmount>406834.83</netCashFlowFlowSecuritizationAmount>
      <mostRecentNetCashFlowAmount>0.00</mostRecentNetCashFlowAmount>
      <netOperatingIncomeNetCashFlowSecuritizationCode>UW</netOperatingIncomeNetCashFlowSecuritizationCode>
      <netOperatingIncomeNetCashFlowCode>CREFC</netOperatingIncomeNetCashFlowCode>
      <mostRecentDebtServiceAmount>0.00</mostRecentDebtServiceAmount>
      <mostRecentDebtServiceCoverageNetOperatingIncomePercentage>0.00</mostRecentDebtServiceCoverageNetOperatingIncomePercentage>
      <mostRecentDebtServiceCoverageCode>C</mostRecentDebtServiceCoverageCode>
      <mostRecentAnnualLeaseRolloverReviewDate>12-31-2025</mostRecentAnnualLeaseRolloverReviewDate>
    </property>
    <assetAddedIndicator>false</assetAddedIndicator>
  </assets>
  <assets>
    <assetTypeNumber>Prospectus Loan ID</assetTypeNumber>
    <assetNumber>8-003</assetNumber>
    <reportingPeriodBeginningDate>05-12-2026</reportingPeriodBeginningDate>
    <reportingPeriodEndDate>06-11-2026</reportingPeriodEndDate>
    <property>
      <propertyName>925 NORTH ORANGE DRIVE</propertyName>
      <propertyAddress>925 NORTH ORANGE DRIVE</propertyAddress>
      <propertyCity>Los Angeles</propertyCity>
      <propertyState>CA</propertyState>
      <propertyZip>90038</propertyZip>
      <propertyCounty>Los Angeles</propertyCounty>
      <propertyTypeCode>RT</propertyTypeCode>
      <netRentableSquareFeetNumber>14770</netRentableSquareFeetNumber>
      <netRentableSquareFeetSecuritizationNumber>14770</netRentableSquareFeetSecuritizationNumber>
      <yearBuiltNumber>1952</yearBuiltNumber>
      <yearLastRenovated>2018</yearLastRenovated>
      <valuationSecuritizationAmount>9800000.00</valuationSecuritizationAmount>
      <valuationSourceSecuritizationCode>MAI</valuationSourceSecuritizationCode>
      <valuationSecuritizationDate>11-26-2024</valuationSecuritizationDate>
      <physicalOccupancySecuritizationPercentage>1</physicalOccupancySecuritizationPercentage>
      <mostRecentPhysicalOccupancyPercentage>1</mostRecentPhysicalOccupancyPercentage>
      <propertyStatusCode>6</propertyStatusCode>
      <largestTenant>Jeffrey Deitch  Inc</largestTenant>
      <squareFeetLargestTenantNumber>14770</squareFeetLargestTenantNumber>
      <leaseExpirationLargestTenantDate>07-31-2028</leaseExpirationLargestTenantDate>
      <financialsSecuritizationDate>12-31-2024</financialsSecuritizationDate>
      <mostRecentFinancialsStartDate>12-31-2024</mostRecentFinancialsStartDate>
      <mostRecentFinancialsEndDate>12-31-2025</mostRecentFinancialsEndDate>
      <revenueSecuritizationAmount>570347.54</revenueSecuritizationAmount>
      <mostRecentRevenueAmount>0.00</mostRecentRevenueAmount>
      <operatingExpensesSecuritizationAmount>233062.25</operatingExpensesSecuritizationAmount>
      <operatingExpensesAmount>0.00</operatingExpensesAmount>
      <netOperatingIncomeSecuritizationAmount>337285.29</netOperatingIncomeSecuritizationAmount>
      <mostRecentNetOperatingIncomeAmount>0.00</mostRecentNetOperatingIncomeAmount>
      <netCashFlowFlowSecuritizationAmount>332739.30</netCashFlowFlowSecuritizationAmount>
      <mostRecentNetCashFlowAmount>0.00</mostRecentNetCashFlowAmount>
      <netOperatingIncomeNetCashFlowSecuritizationCode>UW</netOperatingIncomeNetCashFlowSecuritizationCode>
      <netOperatingIncomeNetCashFlowCode>CREFC</netOperatingIncomeNetCashFlowCode>
      <mostRecentDebtServiceAmount>0.00</mostRecentDebtServiceAmount>
      <mostRecentDebtServiceCoverageNetOperatingIncomePercentage>0.00</mostRecentDebtServiceCoverageNetOperatingIncomePercentage>
      <mostRecentDebtServiceCoverageCode>C</mostRecentDebtServiceCoverageCode>
      <mostRecentAnnualLeaseRolloverReviewDate>12-31-2025</mostRecentAnnualLeaseRolloverReviewDate>
    </property>
    <assetAddedIndicator>false</assetAddedIndicator>
  </assets>
  <assets>
    <assetTypeNumber>Prospectus Loan ID</assetTypeNumber>
    <assetNumber>8-004</assetNumber>
    <reportingPeriodBeginningDate>05-12-2026</reportingPeriodBeginningDate>
    <reportingPeriodEndDate>06-11-2026</reportingPeriodEndDate>
    <property>
      <propertyName>7029 WILLOUGHBY AVENUE</propertyName>
      <propertyAddress>7029 WILLOUGHBY AVENUE</propertyAddress>
      <propertyCity>Los Angeles</propertyCity>
      <propertyState>CA</propertyState>
      <propertyZip>90038</propertyZip>
      <propertyCounty>Los Angeles</propertyCounty>
      <propertyTypeCode>RT</propertyTypeCode>
      <netRentableSquareFeetNumber>4862</netRentableSquareFeetNumber>
      <netRentableSquareFeetSecuritizationNumber>4862</netRentableSquareFeetSecuritizationNumber>
      <yearBuiltNumber>1949</yearBuiltNumber>
      <yearLastRenovated>2018</yearLastRenovated>
      <valuationSecuritizationAmount>4400000.00</valuationSecuritizationAmount>
      <valuationSourceSecuritizationCode>MAI</valuationSourceSecuritizationCode>
      <valuationSecuritizationDate>11-26-2024</valuationSecuritizationDate>
      <physicalOccupancySecuritizationPercentage>1</physicalOccupancySecuritizationPercentage>
      <mostRecentPhysicalOccupancyPercentage>1</mostRecentPhysicalOccupancyPercentage>
      <propertyStatusCode>6</propertyStatusCode>
      <largestTenant>Supervinyl  L.L.C. (lsuperv )</largestTenant>
      <squareFeetLargestTenantNumber>2274</squareFeetLargestTenantNumber>
      <leaseExpirationLargestTenantDate>07-31-2028</leaseExpirationLargestTenantDate>
      <secondLargestTenant>The Willoughby  LLC</secondLargestTenant>
      <squareFeetSecondLargestTenantNumber>1813</squareFeetSecondLargestTenantNumber>
      <leaseExpirationSecondLargestTenantDate>02-28-2030</leaseExpirationSecondLargestTenantDate>
      <thirdLargestTenant>RetroSpecs &amp; Co.  Authentic Early American Eyewear</thirdLargestTenant>
      <squareFeetThirdLargestTenantNumber>775</squareFeetThirdLargestTenantNumber>
      <leaseExpirationThirdLargestTenantDate>01-31-2031</leaseExpirationThirdLargestTenantDate>
      <financialsSecuritizationDate>12-31-2024</financialsSecuritizationDate>
      <mostRecentFinancialsStartDate>12-31-2024</mostRecentFinancialsStartDate>
      <mostRecentFinancialsEndDate>12-31-2025</mostRecentFinancialsEndDate>
      <revenueSecuritizationAmount>256988.32</revenueSecuritizationAmount>
      <mostRecentRevenueAmount>0.00</mostRecentRevenueAmount>
      <operatingExpensesSecuritizationAmount>103098.85</operatingExpensesSecuritizationAmount>
      <operatingExpensesAmount>0.00</operatingExpensesAmount>
      <netOperatingIncomeSecuritizationAmount>153889.47</netOperatingIncomeSecuritizationAmount>
      <mostRecentNetOperatingIncomeAmount>0.00</mostRecentNetOperatingIncomeAmount>
      <netCashFlowFlowSecuritizationAmount>152393.01</netCashFlowFlowSecuritizationAmount>
      <mostRecentNetCashFlowAmount>0.00</mostRecentNetCashFlowAmount>
      <netOperatingIncomeNetCashFlowSecuritizationCode>UW</netOperatingIncomeNetCashFlowSecuritizationCode>
      <netOperatingIncomeNetCashFlowCode>CREFC</netOperatingIncomeNetCashFlowCode>
      <mostRecentDebtServiceAmount>0.00</mostRecentDebtServiceAmount>
      <mostRecentDebtServiceCoverageNetOperatingIncomePercentage>0.00</mostRecentDebtServiceCoverageNetOperatingIncomePercentage>
      <mostRecentDebtServiceCoverageCode>C</mostRecentDebtServiceCoverageCode>
      <mostRecentAnnualLeaseRolloverReviewDate>12-31-2025</mostRecentAnnualLeaseRolloverReviewDate>
    </property>
    <assetAddedIndicator>false</assetAddedIndicator>
  </assets>
  <assets>
    <assetTypeNumber>Prospectus Loan ID</assetTypeNumber>
    <assetNumber>9</assetNumber>
    <reportingPeriodBeginningDate>05-12-2026</reportingPeriodBeginningDate>
    <reportingPeriodEndDate>06-11-2026</reportingPeriodEndDate>
    <originatorName>MSBNA</originatorName>
    <originationDate>03-13-2025</originationDate>
    <originalLoanAmount>41000000.00</originalLoanAmount>
    <originalTermLoanNumber>60</originalTermLoanNumber>
    <maturityDate>04-01-2030</maturityDate>
    <originalAmortizationTermNumber>360</originalAmortizationTermNumber>
    <originalInterestRatePercentage>0.07936</originalInterestRatePercentage>
    <interestRateSecuritizationPercentage>0.07936</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>0.00</periodicPrincipalAndInterestPaymentSecuritizationAmount>
    <scheduledPrincipalBalanceSecuritizationAmount>41000000.00</scheduledPrincipalBalanceSecuritizationAmount>
    <paymentFrequencyCode>1</paymentFrequencyCode>
    <NumberPropertiesSecuritization>1</NumberPropertiesSecuritization>
    <NumberProperties>1</NumberProperties>
    <graceDaysAllowedNumber>0</graceDaysAllowedNumber>
    <interestOnlyIndicator>false</interestOnlyIndicator>
    <balloonIndicator>true</balloonIndicator>
    <prepaymentPremiumIndicator>false</prepaymentPremiumIndicator>
    <negativeAmortizationIndicator>false</negativeAmortizationIndicator>
    <modifiedIndicator>false</modifiedIndicator>
    <prepaymentLockOutEndDate>09-30-2029</prepaymentLockOutEndDate>
    <property>
      <propertyName>BOX HOUSE HOTEL</propertyName>
      <propertyAddress>59-77 BOX STREET</propertyAddress>
      <propertyCity>Brooklyn</propertyCity>
      <propertyState>NY</propertyState>
      <propertyZip>11222</propertyZip>
      <propertyCounty>Kings</propertyCounty>
      <propertyTypeCode>LO</propertyTypeCode>
      <unitsBedsRoomsNumber>128</unitsBedsRoomsNumber>
      <unitsBedsRoomsSecuritizationNumber>128</unitsBedsRoomsSecuritizationNumber>
      <yearBuiltNumber>2011</yearBuiltNumber>
      <yearLastRenovated>2014</yearLastRenovated>
      <valuationSecuritizationAmount>74000000.00</valuationSecuritizationAmount>
      <valuationSourceSecuritizationCode>MAI</valuationSourceSecuritizationCode>
      <valuationSecuritizationDate>10-24-2024</valuationSecuritizationDate>
      <physicalOccupancySecuritizationPercentage>0.66</physicalOccupancySecuritizationPercentage>
      <mostRecentPhysicalOccupancyPercentage>0.56</mostRecentPhysicalOccupancyPercentage>
      <propertyStatusCode>6</propertyStatusCode>
      <defeasanceOptionStartDate>05-01-2027</defeasanceOptionStartDate>
      <DefeasedStatusCode>N</DefeasedStatusCode>
      <financialsSecuritizationDate>12-31-2024</financialsSecuritizationDate>
      <mostRecentFinancialsStartDate>12-31-2024</mostRecentFinancialsStartDate>
      <mostRecentFinancialsEndDate>12-31-2025</mostRecentFinancialsEndDate>
      <revenueSecuritizationAmount>13513258.75</revenueSecuritizationAmount>
      <mostRecentRevenueAmount>10140384.00</mostRecentRevenueAmount>
      <operatingExpensesSecuritizationAmount>8090786.02</operatingExpensesSecuritizationAmount>
      <operatingExpensesAmount>4942434.00</operatingExpensesAmount>
      <netOperatingIncomeSecuritizationAmount>5422472.73</netOperatingIncomeSecuritizationAmount>
      <mostRecentNetOperatingIncomeAmount>5197950.00</mostRecentNetOperatingIncomeAmount>
      <netCashFlowFlowSecuritizationAmount>4881942.38</netCashFlowFlowSecuritizationAmount>
      <mostRecentNetCashFlowAmount>4792334.64</mostRecentNetCashFlowAmount>
      <netOperatingIncomeNetCashFlowSecuritizationCode>UW</netOperatingIncomeNetCashFlowSecuritizationCode>
      <netOperatingIncomeNetCashFlowCode>CREFC</netOperatingIncomeNetCashFlowCode>
      <mostRecentDebtServiceAmount>3588195.00</mostRecentDebtServiceAmount>
      <debtServiceCoverageNetOperatingIncomeSecuritizationPercentage>1.51</debtServiceCoverageNetOperatingIncomeSecuritizationPercentage>
      <mostRecentDebtServiceCoverageNetOperatingIncomePercentage>1.4486</mostRecentDebtServiceCoverageNetOperatingIncomePercentage>
      <debtServiceCoverageNetCashFlowSecuritizationPercentage>1.36</debtServiceCoverageNetCashFlowSecuritizationPercentage>
      <mostRecentDebtServiceCoverageNetCashFlowpercentage>1.3355</mostRecentDebtServiceCoverageNetCashFlowpercentage>
      <debtServiceCoverageSecuritizationCode>F</debtServiceCoverageSecuritizationCode>
      <mostRecentDebtServiceCoverageCode>F</mostRecentDebtServiceCoverageCode>
    </property>
    <assetAddedIndicator>false</assetAddedIndicator>
    <reportPeriodModificationIndicator>false</reportPeriodModificationIndicator>
    <reportPeriodBeginningScheduleLoanBalanceAmount>40670355.77</reportPeriodBeginningScheduleLoanBalanceAmount>
    <totalScheduledPrincipalInterestDueAmount>299016.25</totalScheduledPrincipalInterestDueAmount>
    <reportPeriodInterestRatePercentage>0.07936</reportPeriodInterestRatePercentage>
    <servicerTrusteeFeeRatePercentage>0.0001791</servicerTrusteeFeeRatePercentage>
    <scheduledInterestAmount>277932.17</scheduledInterestAmount>
    <scheduledPrincipalAmount>21084.08</scheduledPrincipalAmount>
    <unscheduledPrincipalCollectedAmount>0.00</unscheduledPrincipalCollectedAmount>
    <reportPeriodEndActualBalanceAmount>40649271.69</reportPeriodEndActualBalanceAmount>
    <reportPeriodEndScheduledLoanBalanceAmount>40649271.69</reportPeriodEndScheduledLoanBalanceAmount>
    <paidThroughDate>06-01-2026</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>05-12-2026</reportingPeriodBeginningDate>
    <reportingPeriodEndDate>06-11-2026</reportingPeriodEndDate>
    <originatorName>WFB</originatorName>
    <originationDate>12-30-2024</originationDate>
    <originalLoanAmount>25000000.00</originalLoanAmount>
    <originalTermLoanNumber>60</originalTermLoanNumber>
    <maturityDate>01-11-2030</maturityDate>
    <originalAmortizationTermNumber>360</originalAmortizationTermNumber>
    <originalInterestRatePercentage>0.06126</originalInterestRatePercentage>
    <interestRateSecuritizationPercentage>0.06126</interestRateSecuritizationPercentage>
    <interestAccrualMethodCode>3</interestAccrualMethodCode>
    <originalInterestRateTypeCode>1</originalInterestRateTypeCode>
    <firstLoanPaymentDueDate>02-11-2025</firstLoanPaymentDueDate>
    <underwritingIndicator>true</underwritingIndicator>
    <lienPositionSecuritizationCode>1</lienPositionSecuritizationCode>
    <loanStructureCode>PP</loanStructureCode>
    <paymentTypeCode>2</paymentTypeCode>
    <periodicPrincipalAndInterestPaymentSecuritizationAmount>222409.13</periodicPrincipalAndInterestPaymentSecuritizationAmount>
    <scheduledPrincipalBalanceSecuritizationAmount>24926743.85</scheduledPrincipalBalanceSecuritizationAmount>
    <paymentFrequencyCode>1</paymentFrequencyCode>
    <NumberPropertiesSecuritization>10</NumberPropertiesSecuritization>
    <NumberProperties>10</NumberProperties>
    <graceDaysAllowedNumber>0</graceDaysAllowedNumber>
    <interestOnlyIndicator>false</interestOnlyIndicator>
    <balloonIndicator>true</balloonIndicator>
    <prepaymentPremiumIndicator>false</prepaymentPremiumIndicator>
    <negativeAmortizationIndicator>false</negativeAmortizationIndicator>
    <modifiedIndicator>false</modifiedIndicator>
    <prepaymentLockOutEndDate>07-10-2029</prepaymentLockOutEndDate>
    <property>
      <propertyName>Radius at Harbor Bay</propertyName>
      <propertyCity>Alameda</propertyCity>
      <propertyState>CA</propertyState>
      <propertyCounty>Alameda</propertyCounty>
      <netRentableSquareFeetSecuritizationNumber>643220</netRentableSquareFeetSecuritizationNumber>
      <valuationSecuritizationAmount>316270000.00</valuationSecuritizationAmount>
      <physicalOccupancySecuritizationPercentage>0.94</physicalOccupancySecuritizationPercentage>
      <mostRecentPhysicalOccupancyPercentage>0.92</mostRecentPhysicalOccupancyPercentage>
      <defeasanceOptionStartDate>05-11-2027</defeasanceOptionStartDate>
      <DefeasedStatusCode>N</DefeasedStatusCode>
      <financialsSecuritizationDate>09-30-2024</financialsSecuritizationDate>
      <mostRecentFinancialsStartDate>01-01-2026</mostRecentFinancialsStartDate>
      <mostRecentFinancialsEndDate>03-31-2026</mostRecentFinancialsEndDate>
      <revenueSecuritizationAmount>31472463.47</revenueSecuritizationAmount>
      <mostRecentRevenueAmount>8074192.00</mostRecentRevenueAmount>
      <operatingExpensesSecuritizationAmount>8711242.32</operatingExpensesSecuritizationAmount>
      <operatingExpensesAmount>2110503.26</operatingExpensesAmount>
      <netOperatingIncomeSecuritizationAmount>22761221.15</netOperatingIncomeSecuritizationAmount>
      <mostRecentNetOperatingIncomeAmount>5963688.74</mostRecentNetOperatingIncomeAmount>
      <netCashFlowFlowSecuritizationAmount>22439357.15</netCashFlowFlowSecuritizationAmount>
      <mostRecentNetCashFlowAmount>5883221.74</mostRecentNetCashFlowAmount>
      <netOperatingIncomeNetCashFlowSecuritizationCode>UW</netOperatingIncomeNetCashFlowSecuritizationCode>
      <mostRecentDebtServiceAmount>3878850.63</mostRecentDebtServiceAmount>
      <debtServiceCoverageNetOperatingIncomeSecuritizationPercentage>1.47</debtServiceCoverageNetOperatingIncomeSecuritizationPercentage>
      <mostRecentDebtServiceCoverageNetOperatingIncomePercentage>1.5374</mostRecentDebtServiceCoverageNetOperatingIncomePercentage>
      <debtServiceCoverageNetCashFlowSecuritizationPercentage>1.45</debtServiceCoverageNetCashFlowSecuritizationPercentage>
      <mostRecentDebtServiceCoverageNetCashFlowpercentage>1.5167</mostRecentDebtServiceCoverageNetCashFlowpercentage>
      <debtServiceCoverageSecuritizationCode>F</debtServiceCoverageSecuritizationCode>
      <mostRecentDebtServiceCoverageCode>F</mostRecentDebtServiceCoverageCode>
    </property>
    <assetAddedIndicator>false</assetAddedIndicator>
    <reportPeriodModificationIndicator>false</reportPeriodModificationIndicator>
    <reportPeriodBeginningScheduleLoanBalanceAmount>24618010.12</reportPeriodBeginningScheduleLoanBalanceAmount>
    <totalScheduledPrincipalInterestDueAmount>151918.80</totalScheduledPrincipalInterestDueAmount>
    <reportPeriodInterestRatePercentage>0.06126</reportPeriodInterestRatePercentage>
    <servicerTrusteeFeeRatePercentage>0.0001791</servicerTrusteeFeeRatePercentage>
    <scheduledInterestAmount>129864.11</scheduledInterestAmount>
    <scheduledPrincipalAmount>22054.69</scheduledPrincipalAmount>
    <unscheduledPrincipalCollectedAmount>0.00</unscheduledPrincipalCollectedAmount>
    <reportPeriodEndActualBalanceAmount>24595955.43</reportPeriodEndActualBalanceAmount>
    <reportPeriodEndScheduledLoanBalanceAmount>24595955.43</reportPeriodEndScheduledLoanBalanceAmount>
    <paidThroughDate>06-11-2026</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>10-001</assetNumber>
    <reportingPeriodBeginningDate>05-12-2026</reportingPeriodBeginningDate>
    <reportingPeriodEndDate>06-11-2026</reportingPeriodEndDate>
    <property>
      <propertyName>1420 HARBOR BAY PARKWAY</propertyName>
      <propertyAddress>1420 HARBOR BAY PARKWAY</propertyAddress>
      <propertyCity>Alameda</propertyCity>
      <propertyState>CA</propertyState>
      <propertyZip>94502</propertyZip>
      <propertyCounty>Alameda</propertyCounty>
      <propertyTypeCode>OF</propertyTypeCode>
      <netRentableSquareFeetNumber>121216</netRentableSquareFeetNumber>
      <netRentableSquareFeetSecuritizationNumber>121216</netRentableSquareFeetSecuritizationNumber>
      <yearBuiltNumber>1986</yearBuiltNumber>
      <valuationSecuritizationAmount>46420000.00</valuationSecuritizationAmount>
      <valuationSourceSecuritizationCode>MAI</valuationSourceSecuritizationCode>
      <valuationSecuritizationDate>10-23-2024</valuationSecuritizationDate>
      <physicalOccupancySecuritizationPercentage>1</physicalOccupancySecuritizationPercentage>
      <mostRecentPhysicalOccupancyPercentage>1</mostRecentPhysicalOccupancyPercentage>
      <propertyStatusCode>6</propertyStatusCode>
      <largestTenant>Abbott Diabetes Care  Inc</largestTenant>
      <squareFeetLargestTenantNumber>121216</squareFeetLargestTenantNumber>
      <leaseExpirationLargestTenantDate>12-31-2029</leaseExpirationLargestTenantDate>
      <financialsSecuritizationDate>09-30-2024</financialsSecuritizationDate>
      <mostRecentFinancialsStartDate>01-01-2026</mostRecentFinancialsStartDate>
      <mostRecentFinancialsEndDate>03-31-2026</mostRecentFinancialsEndDate>
      <revenueSecuritizationAmount>5665043.53</revenueSecuritizationAmount>
      <mostRecentRevenueAmount>1483067.00</mostRecentRevenueAmount>
      <operatingExpensesSecuritizationAmount>1439747.19</operatingExpensesSecuritizationAmount>
      <operatingExpensesAmount>352515.51</operatingExpensesAmount>
      <netOperatingIncomeSecuritizationAmount>4225296.35</netOperatingIncomeSecuritizationAmount>
      <mostRecentNetOperatingIncomeAmount>1130551.49</mostRecentNetOperatingIncomeAmount>
      <netCashFlowFlowSecuritizationAmount>4164640.48</netCashFlowFlowSecuritizationAmount>
      <mostRecentNetCashFlowAmount>1115387.49</mostRecentNetCashFlowAmount>
      <netOperatingIncomeNetCashFlowSecuritizationCode>UW</netOperatingIncomeNetCashFlowSecuritizationCode>
      <netOperatingIncomeNetCashFlowCode>CREFC</netOperatingIncomeNetCashFlowCode>
      <mostRecentDebtServiceAmount>537662.46</mostRecentDebtServiceAmount>
      <mostRecentDebtServiceCoverageNetOperatingIncomePercentage>2.1027</mostRecentDebtServiceCoverageNetOperatingIncomePercentage>
      <mostRecentDebtServiceCoverageNetCashFlowpercentage>2.0745</mostRecentDebtServiceCoverageNetCashFlowpercentage>
      <mostRecentDebtServiceCoverageCode>F</mostRecentDebtServiceCoverageCode>
      <mostRecentAnnualLeaseRolloverReviewDate>03-31-2026</mostRecentAnnualLeaseRolloverReviewDate>
    </property>
    <assetAddedIndicator>false</assetAddedIndicator>
  </assets>
  <assets>
    <assetTypeNumber>Prospectus Loan ID</assetTypeNumber>
    <assetNumber>10-002</assetNumber>
    <reportingPeriodBeginningDate>05-12-2026</reportingPeriodBeginningDate>
    <reportingPeriodEndDate>06-11-2026</reportingPeriodEndDate>
    <property>
      <propertyName>1351 HARBOR BAY PARKWAY</propertyName>
      <propertyAddress>1351 HARBOR BAY PARKWAY</propertyAddress>
      <propertyCity>Alameda</propertyCity>
      <propertyState>CA</propertyState>
      <propertyZip>94502</propertyZip>
      <propertyCounty>Alameda</propertyCounty>
      <propertyTypeCode>MU</propertyTypeCode>
      <netRentableSquareFeetNumber>97980</netRentableSquareFeetNumber>
      <netRentableSquareFeetSecuritizationNumber>97980</netRentableSquareFeetSecuritizationNumber>
      <yearBuiltNumber>1984</yearBuiltNumber>
      <valuationSecuritizationAmount>44770000.00</valuationSecuritizationAmount>
      <valuationSourceSecuritizationCode>MAI</valuationSourceSecuritizationCode>
      <valuationSecuritizationDate>10-23-2024</valuationSecuritizationDate>
      <physicalOccupancySecuritizationPercentage>1</physicalOccupancySecuritizationPercentage>
      <mostRecentPhysicalOccupancyPercentage>1</mostRecentPhysicalOccupancyPercentage>
      <propertyStatusCode>6</propertyStatusCode>
      <largestTenant>Penumbra  Inc</largestTenant>
      <squareFeetLargestTenantNumber>97980</squareFeetLargestTenantNumber>
      <leaseExpirationLargestTenantDate>12-31-2036</leaseExpirationLargestTenantDate>
      <financialsSecuritizationDate>09-30-2024</financialsSecuritizationDate>
      <mostRecentFinancialsStartDate>01-01-2026</mostRecentFinancialsStartDate>
      <mostRecentFinancialsEndDate>03-31-2026</mostRecentFinancialsEndDate>
      <revenueSecuritizationAmount>3644556.06</revenueSecuritizationAmount>
      <mostRecentRevenueAmount>989639.00</mostRecentRevenueAmount>
      <operatingExpensesSecuritizationAmount>818029.74</operatingExpensesSecuritizationAmount>
      <operatingExpensesAmount>184140.67</operatingExpensesAmount>
      <netOperatingIncomeSecuritizationAmount>2826526.32</netOperatingIncomeSecuritizationAmount>
      <mostRecentNetOperatingIncomeAmount>805498.33</mostRecentNetOperatingIncomeAmount>
      <netCashFlowFlowSecuritizationAmount>2777497.63</netCashFlowFlowSecuritizationAmount>
      <mostRecentNetCashFlowAmount>793241.08</mostRecentNetCashFlowAmount>
      <netOperatingIncomeNetCashFlowSecuritizationCode>UW</netOperatingIncomeNetCashFlowSecuritizationCode>
      <netOperatingIncomeNetCashFlowCode>CREFC</netOperatingIncomeNetCashFlowCode>
      <mostRecentDebtServiceAmount>537662.46</mostRecentDebtServiceAmount>
      <mostRecentDebtServiceCoverageNetOperatingIncomePercentage>1.4981</mostRecentDebtServiceCoverageNetOperatingIncomePercentage>
      <mostRecentDebtServiceCoverageNetCashFlowpercentage>1.4753</mostRecentDebtServiceCoverageNetCashFlowpercentage>
      <mostRecentDebtServiceCoverageCode>F</mostRecentDebtServiceCoverageCode>
      <mostRecentAnnualLeaseRolloverReviewDate>03-31-2026</mostRecentAnnualLeaseRolloverReviewDate>
    </property>
    <assetAddedIndicator>false</assetAddedIndicator>
  </assets>
  <assets>
    <assetTypeNumber>Prospectus Loan ID</assetTypeNumber>
    <assetNumber>10-003</assetNumber>
    <reportingPeriodBeginningDate>05-12-2026</reportingPeriodBeginningDate>
    <reportingPeriodEndDate>06-11-2026</reportingPeriodEndDate>
    <property>
      <propertyName>1451 HARBOR BAY PARKWAY</propertyName>
      <propertyAddress>1451 HARBOR BAY PARKWAY</propertyAddress>
      <propertyCity>Alameda</propertyCity>
      <propertyState>CA</propertyState>
      <propertyZip>94502</propertyZip>
      <propertyCounty>Alameda</propertyCounty>
      <propertyTypeCode>IN</propertyTypeCode>
      <netRentableSquareFeetNumber>86055</netRentableSquareFeetNumber>
      <netRentableSquareFeetSecuritizationNumber>86055</netRentableSquareFeetSecuritizationNumber>
      <yearBuiltNumber>1984</yearBuiltNumber>
      <valuationSecuritizationAmount>39320000.00</valuationSecuritizationAmount>
      <valuationSourceSecuritizationCode>MAI</valuationSourceSecuritizationCode>
      <valuationSecuritizationDate>10-23-2024</valuationSecuritizationDate>
      <physicalOccupancySecuritizationPercentage>1</physicalOccupancySecuritizationPercentage>
      <mostRecentPhysicalOccupancyPercentage>1</mostRecentPhysicalOccupancyPercentage>
      <propertyStatusCode>6</propertyStatusCode>
      <largestTenant>Penumbra  Inc.</largestTenant>
      <squareFeetLargestTenantNumber>86055</squareFeetLargestTenantNumber>
      <leaseExpirationLargestTenantDate>12-31-2036</leaseExpirationLargestTenantDate>
      <financialsSecuritizationDate>09-30-2024</financialsSecuritizationDate>
      <mostRecentFinancialsStartDate>01-01-2026</mostRecentFinancialsStartDate>
      <mostRecentFinancialsEndDate>03-31-2026</mostRecentFinancialsEndDate>
      <revenueSecuritizationAmount>3166366.72</revenueSecuritizationAmount>
      <mostRecentRevenueAmount>854254.00</mostRecentRevenueAmount>
      <operatingExpensesSecuritizationAmount>683852.45</operatingExpensesSecuritizationAmount>
      <operatingExpensesAmount>157007.62</operatingExpensesAmount>
      <netOperatingIncomeSecuritizationAmount>2482514.27</netOperatingIncomeSecuritizationAmount>
      <mostRecentNetOperatingIncomeAmount>697246.38</mostRecentNetOperatingIncomeAmount>
      <netCashFlowFlowSecuritizationAmount>2439452.79</netCashFlowFlowSecuritizationAmount>
      <mostRecentNetCashFlowAmount>686480.88</mostRecentNetCashFlowAmount>
      <netOperatingIncomeNetCashFlowSecuritizationCode>UW</netOperatingIncomeNetCashFlowSecuritizationCode>
      <netOperatingIncomeNetCashFlowCode>CREFC</netOperatingIncomeNetCashFlowCode>
      <mostRecentDebtServiceAmount>460853.54</mostRecentDebtServiceAmount>
      <mostRecentDebtServiceCoverageNetOperatingIncomePercentage>1.5129</mostRecentDebtServiceCoverageNetOperatingIncomePercentage>
      <mostRecentDebtServiceCoverageNetCashFlowpercentage>1.4895</mostRecentDebtServiceCoverageNetCashFlowpercentage>
      <mostRecentDebtServiceCoverageCode>F</mostRecentDebtServiceCoverageCode>
      <mostRecentAnnualLeaseRolloverReviewDate>03-31-2026</mostRecentAnnualLeaseRolloverReviewDate>
    </property>
    <assetAddedIndicator>false</assetAddedIndicator>
  </assets>
  <assets>
    <assetTypeNumber>Prospectus Loan ID</assetTypeNumber>
    <assetNumber>10-004</assetNumber>
    <reportingPeriodBeginningDate>05-12-2026</reportingPeriodBeginningDate>
    <reportingPeriodEndDate>06-11-2026</reportingPeriodEndDate>
    <property>
      <propertyName>1640 SOUTH LOOP ROAD</propertyName>
      <propertyAddress>1640 SOUTH LOOP ROAD</propertyAddress>
      <propertyCity>Alameda</propertyCity>
      <propertyState>CA</propertyState>
      <propertyZip>94502</propertyZip>
      <propertyCounty>Alameda</propertyCounty>
      <propertyTypeCode>MU</propertyTypeCode>
      <netRentableSquareFeetNumber>51780</netRentableSquareFeetNumber>
      <netRentableSquareFeetSecuritizationNumber>51780</netRentableSquareFeetSecuritizationNumber>
      <yearBuiltNumber>1996</yearBuiltNumber>
      <yearLastRenovated>2022</yearLastRenovated>
      <valuationSecuritizationAmount>36500000.00</valuationSecuritizationAmount>
      <valuationSourceSecuritizationCode>MAI</valuationSourceSecuritizationCode>
      <valuationSecuritizationDate>10-21-2024</valuationSecuritizationDate>
      <physicalOccupancySecuritizationPercentage>1</physicalOccupancySecuritizationPercentage>
      <mostRecentPhysicalOccupancyPercentage>1</mostRecentPhysicalOccupancyPercentage>
      <propertyStatusCode>6</propertyStatusCode>
      <largestTenant>All Cell</largestTenant>
      <squareFeetLargestTenantNumber>25865</squareFeetLargestTenantNumber>
      <leaseExpirationLargestTenantDate>11-30-2033</leaseExpirationLargestTenantDate>
      <secondLargestTenant>Apertor Pharmaceuticals  Inc.</secondLargestTenant>
      <squareFeetSecondLargestTenantNumber>13590</squareFeetSecondLargestTenantNumber>
      <leaseExpirationSecondLargestTenantDate>05-31-2031</leaseExpirationSecondLargestTenantDate>
      <thirdLargestTenant>IQ Biosciences</thirdLargestTenant>
      <squareFeetThirdLargestTenantNumber>12325</squareFeetThirdLargestTenantNumber>
      <leaseExpirationThirdLargestTenantDate>10-31-2031</leaseExpirationThirdLargestTenantDate>
      <financialsSecuritizationDate>09-30-2024</financialsSecuritizationDate>
      <mostRecentFinancialsStartDate>01-01-2026</mostRecentFinancialsStartDate>
      <mostRecentFinancialsEndDate>03-31-2026</mostRecentFinancialsEndDate>
      <revenueSecuritizationAmount>4366904.08</revenueSecuritizationAmount>
      <mostRecentRevenueAmount>1104438.00</mostRecentRevenueAmount>
      <operatingExpensesSecuritizationAmount>1121877.70</operatingExpensesSecuritizationAmount>
      <operatingExpensesAmount>284920.39</operatingExpensesAmount>
      <netOperatingIncomeSecuritizationAmount>3245026.38</netOperatingIncomeSecuritizationAmount>
      <mostRecentNetOperatingIncomeAmount>819517.61</mostRecentNetOperatingIncomeAmount>
      <netCashFlowFlowSecuritizationAmount>3219115.93</netCashFlowFlowSecuritizationAmount>
      <mostRecentNetCashFlowAmount>813040.11</mostRecentNetCashFlowAmount>
      <netOperatingIncomeNetCashFlowSecuritizationCode>UW</netOperatingIncomeNetCashFlowSecuritizationCode>
      <netOperatingIncomeNetCashFlowCode>CREFC</netOperatingIncomeNetCashFlowCode>
      <mostRecentDebtServiceAmount>422449.08</mostRecentDebtServiceAmount>
      <mostRecentDebtServiceCoverageNetOperatingIncomePercentage>1.9399</mostRecentDebtServiceCoverageNetOperatingIncomePercentage>
      <mostRecentDebtServiceCoverageNetCashFlowpercentage>1.9245</mostRecentDebtServiceCoverageNetCashFlowpercentage>
      <mostRecentDebtServiceCoverageCode>F</mostRecentDebtServiceCoverageCode>
      <mostRecentAnnualLeaseRolloverReviewDate>03-31-2026</mostRecentAnnualLeaseRolloverReviewDate>
    </property>
    <assetAddedIndicator>false</assetAddedIndicator>
  </assets>
  <assets>
    <assetTypeNumber>Prospectus Loan ID</assetTypeNumber>
    <assetNumber>10-005</assetNumber>
    <reportingPeriodBeginningDate>05-12-2026</reportingPeriodBeginningDate>
    <reportingPeriodEndDate>06-11-2026</reportingPeriodEndDate>
    <property>
      <propertyName>1650 HARBOR BAY PARKWAY</propertyName>
      <propertyAddress>1650 HARBOR BAY PARKWAY</propertyAddress>
      <propertyCity>Alameda</propertyCity>
      <propertyState>CA</propertyState>
      <propertyZip>94502</propertyZip>
      <propertyCounty>Alameda</propertyCounty>
      <propertyTypeCode>MU</propertyTypeCode>
      <netRentableSquareFeetNumber>67537</netRentableSquareFeetNumber>
      <netRentableSquareFeetSecuritizationNumber>67537</netRentableSquareFeetSecuritizationNumber>
      <yearBuiltNumber>2001</yearBuiltNumber>
      <yearLastRenovated>2024</yearLastRenovated>
      <valuationSecuritizationAmount>29600000.00</valuationSecuritizationAmount>
      <valuationSourceSecuritizationCode>MAI</valuationSourceSecuritizationCode>
      <valuationSecuritizationDate>10-21-2024</valuationSecuritizationDate>
      <physicalOccupancySecuritizationPercentage>0.67</physicalOccupancySecuritizationPercentage>
      <mostRecentPhysicalOccupancyPercentage>0.67</mostRecentPhysicalOccupancyPercentage>
      <propertyStatusCode>6</propertyStatusCode>
      <largestTenant>Bay Area Disruptor</largestTenant>
      <squareFeetLargestTenantNumber>28488</squareFeetLargestTenantNumber>
      <leaseExpirationLargestTenantDate>09-30-2037</leaseExpirationLargestTenantDate>
      <secondLargestTenant>SEIU</secondLargestTenant>
      <squareFeetSecondLargestTenantNumber>16829</squareFeetSecondLargestTenantNumber>
      <leaseExpirationSecondLargestTenantDate>05-31-2028</leaseExpirationSecondLargestTenantDate>
      <financialsSecuritizationDate>09-30-2024</financialsSecuritizationDate>
      <mostRecentFinancialsStartDate>01-01-2026</mostRecentFinancialsStartDate>
      <mostRecentFinancialsEndDate>03-31-2026</mostRecentFinancialsEndDate>
      <revenueSecuritizationAmount>2761833.90</revenueSecuritizationAmount>
      <mostRecentRevenueAmount>716093.00</mostRecentRevenueAmount>
      <operatingExpensesSecuritizationAmount>1361771.70</operatingExpensesSecuritizationAmount>
      <operatingExpensesAmount>290387.29</operatingExpensesAmount>
      <netOperatingIncomeSecuritizationAmount>1400062.20</netOperatingIncomeSecuritizationAmount>
      <mostRecentNetOperatingIncomeAmount>425705.71</mostRecentNetOperatingIncomeAmount>
      <netCashFlowFlowSecuritizationAmount>1366267.03</netCashFlowFlowSecuritizationAmount>
      <mostRecentNetCashFlowAmount>417256.71</mostRecentNetCashFlowAmount>
      <netOperatingIncomeNetCashFlowSecuritizationCode>UW</netOperatingIncomeNetCashFlowSecuritizationCode>
      <netOperatingIncomeNetCashFlowCode>CREFC</netOperatingIncomeNetCashFlowCode>
      <mostRecentDebtServiceAmount>422449.08</mostRecentDebtServiceAmount>
      <mostRecentDebtServiceCoverageNetOperatingIncomePercentage>1.0077</mostRecentDebtServiceCoverageNetOperatingIncomePercentage>
      <mostRecentDebtServiceCoverageNetCashFlowpercentage>0.9877</mostRecentDebtServiceCoverageNetCashFlowpercentage>
      <mostRecentDebtServiceCoverageCode>F</mostRecentDebtServiceCoverageCode>
      <mostRecentAnnualLeaseRolloverReviewDate>03-31-2026</mostRecentAnnualLeaseRolloverReviewDate>
    </property>
    <assetAddedIndicator>false</assetAddedIndicator>
  </assets>
  <assets>
    <assetTypeNumber>Prospectus Loan ID</assetTypeNumber>
    <assetNumber>10-006</assetNumber>
    <reportingPeriodBeginningDate>05-12-2026</reportingPeriodBeginningDate>
    <reportingPeriodEndDate>06-11-2026</reportingPeriodEndDate>
    <property>
      <propertyName>1600 HARBOR BAY PARKWAY</propertyName>
      <propertyAddress>1600 HARBOR BAY PARKWAY</propertyAddress>
      <propertyCity>Alameda</propertyCity>
      <propertyState>CA</propertyState>
      <propertyZip>94502</propertyZip>
      <propertyCounty>Alameda</propertyCounty>
      <propertyTypeCode>MU</propertyTypeCode>
      <netRentableSquareFeetNumber>62696</netRentableSquareFeetNumber>
      <netRentableSquareFeetSecuritizationNumber>62696</netRentableSquareFeetSecuritizationNumber>
      <yearBuiltNumber>2001</yearBuiltNumber>
      <yearLastRenovated>2024</yearLastRenovated>
      <valuationSecuritizationAmount>35700000.00</valuationSecuritizationAmount>
      <valuationSourceSecuritizationCode>MAI</valuationSourceSecuritizationCode>
      <valuationSecuritizationDate>10-21-2024</valuationSecuritizationDate>
      <physicalOccupancySecuritizationPercentage>1</physicalOccupancySecuritizationPercentage>
      <mostRecentPhysicalOccupancyPercentage>0.85</mostRecentPhysicalOccupancyPercentage>
      <propertyStatusCode>6</propertyStatusCode>
      <largestTenant>Infinimmune  Inc</largestTenant>
      <squareFeetLargestTenantNumber>9828</squareFeetLargestTenantNumber>
      <leaseExpirationLargestTenantDate>07-31-2029</leaseExpirationLargestTenantDate>
      <secondLargestTenant>Ensigna Biosystems  Inc.</secondLargestTenant>
      <squareFeetSecondLargestTenantNumber>9466</squareFeetSecondLargestTenantNumber>
      <leaseExpirationSecondLargestTenantDate>02-29-2032</leaseExpirationSecondLargestTenantDate>
      <thirdLargestTenant>La Clinica de La Raza  Inc.</thirdLargestTenant>
      <squareFeetThirdLargestTenantNumber>8571</squareFeetThirdLargestTenantNumber>
      <leaseExpirationThirdLargestTenantDate>11-30-2028</leaseExpirationThirdLargestTenantDate>
      <financialsSecuritizationDate>09-30-2024</financialsSecuritizationDate>
      <mostRecentFinancialsStartDate>01-01-2026</mostRecentFinancialsStartDate>
      <mostRecentFinancialsEndDate>03-31-2026</mostRecentFinancialsEndDate>
      <revenueSecuritizationAmount>4056860.51</revenueSecuritizationAmount>
      <mostRecentRevenueAmount>935223.00</mostRecentRevenueAmount>
      <operatingExpensesSecuritizationAmount>1364159.45</operatingExpensesSecuritizationAmount>
      <operatingExpensesAmount>383405.94</operatingExpensesAmount>
      <netOperatingIncomeSecuritizationAmount>2692701.06</netOperatingIncomeSecuritizationAmount>
      <mostRecentNetOperatingIncomeAmount>551817.06</mostRecentNetOperatingIncomeAmount>
      <netCashFlowFlowSecuritizationAmount>2661328.30</netCashFlowFlowSecuritizationAmount>
      <mostRecentNetCashFlowAmount>543973.81</mostRecentNetCashFlowAmount>
      <netOperatingIncomeNetCashFlowSecuritizationCode>UW</netOperatingIncomeNetCashFlowSecuritizationCode>
      <netOperatingIncomeNetCashFlowCode>CREFC</netOperatingIncomeNetCashFlowCode>
      <mostRecentDebtServiceAmount>422449.08</mostRecentDebtServiceAmount>
      <mostRecentDebtServiceCoverageNetOperatingIncomePercentage>1.3062</mostRecentDebtServiceCoverageNetOperatingIncomePercentage>
      <mostRecentDebtServiceCoverageNetCashFlowpercentage>1.2876</mostRecentDebtServiceCoverageNetCashFlowpercentage>
      <mostRecentDebtServiceCoverageCode>F</mostRecentDebtServiceCoverageCode>
      <mostRecentAnnualLeaseRolloverReviewDate>03-31-2026</mostRecentAnnualLeaseRolloverReviewDate>
    </property>
    <assetAddedIndicator>false</assetAddedIndicator>
  </assets>
  <assets>
    <assetTypeNumber>Prospectus Loan ID</assetTypeNumber>
    <assetNumber>10-007</assetNumber>
    <reportingPeriodBeginningDate>05-12-2026</reportingPeriodBeginningDate>
    <reportingPeriodEndDate>06-11-2026</reportingPeriodEndDate>
    <property>
      <propertyName>1350 SOUTH LOOP ROAD</propertyName>
      <propertyAddress>1350 SOUTH LOOP ROAD</propertyAddress>
      <propertyCity>Alameda</propertyCity>
      <propertyState>CA</propertyState>
      <propertyZip>94502</propertyZip>
      <propertyCounty>Alameda</propertyCounty>
      <propertyTypeCode>MU</propertyTypeCode>
      <netRentableSquareFeetNumber>43645</netRentableSquareFeetNumber>
      <netRentableSquareFeetSecuritizationNumber>43645</netRentableSquareFeetSecuritizationNumber>
      <yearBuiltNumber>1987</yearBuiltNumber>
      <yearLastRenovated>2022</yearLastRenovated>
      <valuationSecuritizationAmount>31490000.00</valuationSecuritizationAmount>
      <valuationSourceSecuritizationCode>MAI</valuationSourceSecuritizationCode>
      <valuationSecuritizationDate>10-23-2024</valuationSecuritizationDate>
      <physicalOccupancySecuritizationPercentage>1</physicalOccupancySecuritizationPercentage>
      <mostRecentPhysicalOccupancyPercentage>1</mostRecentPhysicalOccupancyPercentage>
      <propertyStatusCode>6</propertyStatusCode>
      <largestTenant>Vivani Medical  Inc.</largestTenant>
      <squareFeetLargestTenantNumber>43645</squareFeetLargestTenantNumber>
      <leaseExpirationLargestTenantDate>09-30-2033</leaseExpirationLargestTenantDate>
      <financialsSecuritizationDate>09-30-2024</financialsSecuritizationDate>
      <mostRecentFinancialsStartDate>01-01-2026</mostRecentFinancialsStartDate>
      <mostRecentFinancialsEndDate>03-31-2026</mostRecentFinancialsEndDate>
      <revenueSecuritizationAmount>3424307.58</revenueSecuritizationAmount>
      <mostRecentRevenueAmount>819513.00</mostRecentRevenueAmount>
      <operatingExpensesSecuritizationAmount>596664.26</operatingExpensesSecuritizationAmount>
      <operatingExpensesAmount>132963.14</operatingExpensesAmount>
      <netOperatingIncomeSecuritizationAmount>2827643.32</netOperatingIncomeSecuritizationAmount>
      <mostRecentNetOperatingIncomeAmount>686549.86</mostRecentNetOperatingIncomeAmount>
      <netCashFlowFlowSecuritizationAmount>2805803.59</netCashFlowFlowSecuritizationAmount>
      <mostRecentNetCashFlowAmount>681089.61</mostRecentNetCashFlowAmount>
      <netOperatingIncomeNetCashFlowSecuritizationCode>UW</netOperatingIncomeNetCashFlowSecuritizationCode>
      <netOperatingIncomeNetCashFlowCode>CREFC</netOperatingIncomeNetCashFlowCode>
      <mostRecentDebtServiceAmount>384044.62</mostRecentDebtServiceAmount>
      <mostRecentDebtServiceCoverageNetOperatingIncomePercentage>1.7876</mostRecentDebtServiceCoverageNetOperatingIncomePercentage>
      <mostRecentDebtServiceCoverageNetCashFlowpercentage>1.7734</mostRecentDebtServiceCoverageNetCashFlowpercentage>
      <mostRecentDebtServiceCoverageCode>F</mostRecentDebtServiceCoverageCode>
      <mostRecentAnnualLeaseRolloverReviewDate>03-31-2026</mostRecentAnnualLeaseRolloverReviewDate>
    </property>
    <assetAddedIndicator>false</assetAddedIndicator>
  </assets>
  <assets>
    <assetTypeNumber>Prospectus Loan ID</assetTypeNumber>
    <assetNumber>10-008</assetNumber>
    <reportingPeriodBeginningDate>05-12-2026</reportingPeriodBeginningDate>
    <reportingPeriodEndDate>06-11-2026</reportingPeriodEndDate>
    <property>
      <propertyName>1321 HARBOR BAY PARKWAY</propertyName>
      <propertyAddress>1321 HARBOR BAY PARKWAY</propertyAddress>
      <propertyCity>Alameda</propertyCity>
      <propertyState>CA</propertyState>
      <propertyZip>94502</propertyZip>
      <propertyCounty>Alameda</propertyCounty>
      <propertyTypeCode>MU</propertyTypeCode>
      <netRentableSquareFeetNumber>50177</netRentableSquareFeetNumber>
      <netRentableSquareFeetSecuritizationNumber>50177</netRentableSquareFeetSecuritizationNumber>
      <yearBuiltNumber>1984</yearBuiltNumber>
      <valuationSecuritizationAmount>22930000.00</valuationSecuritizationAmount>
      <valuationSourceSecuritizationCode>MAI</valuationSourceSecuritizationCode>
      <valuationSecuritizationDate>10-23-2024</valuationSecuritizationDate>
      <physicalOccupancySecuritizationPercentage>1</physicalOccupancySecuritizationPercentage>
      <mostRecentPhysicalOccupancyPercentage>1</mostRecentPhysicalOccupancyPercentage>
      <propertyStatusCode>6</propertyStatusCode>
      <largestTenant>Penumbra  Inc</largestTenant>
      <squareFeetLargestTenantNumber>50177</squareFeetLargestTenantNumber>
      <leaseExpirationLargestTenantDate>12-31-2036</leaseExpirationLargestTenantDate>
      <financialsSecuritizationDate>09-30-2024</financialsSecuritizationDate>
      <mostRecentFinancialsStartDate>01-01-2026</mostRecentFinancialsStartDate>
      <mostRecentFinancialsEndDate>03-31-2026</mostRecentFinancialsEndDate>
      <revenueSecuritizationAmount>1889349.86</revenueSecuritizationAmount>
      <mostRecentRevenueAmount>522615.00</mostRecentRevenueAmount>
      <operatingExpensesSecuritizationAmount>441844.10</operatingExpensesSecuritizationAmount>
      <operatingExpensesAmount>101176.20</operatingExpensesAmount>
      <netOperatingIncomeSecuritizationAmount>1447505.76</netOperatingIncomeSecuritizationAmount>
      <mostRecentNetOperatingIncomeAmount>421438.80</mostRecentNetOperatingIncomeAmount>
      <netCashFlowFlowSecuritizationAmount>1422397.45</netCashFlowFlowSecuritizationAmount>
      <mostRecentNetCashFlowAmount>415161.55</mostRecentNetCashFlowAmount>
      <netOperatingIncomeNetCashFlowSecuritizationCode>UW</netOperatingIncomeNetCashFlowSecuritizationCode>
      <netOperatingIncomeNetCashFlowCode>CREFC</netOperatingIncomeNetCashFlowCode>
      <mostRecentDebtServiceAmount>268831.23</mostRecentDebtServiceAmount>
      <mostRecentDebtServiceCoverageNetOperatingIncomePercentage>1.5676</mostRecentDebtServiceCoverageNetOperatingIncomePercentage>
      <mostRecentDebtServiceCoverageNetCashFlowpercentage>1.5443</mostRecentDebtServiceCoverageNetCashFlowpercentage>
      <mostRecentDebtServiceCoverageCode>F</mostRecentDebtServiceCoverageCode>
      <mostRecentAnnualLeaseRolloverReviewDate>03-31-2026</mostRecentAnnualLeaseRolloverReviewDate>
    </property>
    <assetAddedIndicator>false</assetAddedIndicator>
  </assets>
  <assets>
    <assetTypeNumber>Prospectus Loan ID</assetTypeNumber>
    <assetNumber>10-009</assetNumber>
    <reportingPeriodBeginningDate>05-12-2026</reportingPeriodBeginningDate>
    <reportingPeriodEndDate>06-11-2026</reportingPeriodEndDate>
    <property>
      <propertyName>1501 HARBOR BAY PARKWAY</propertyName>
      <propertyAddress>1501 HARBOR BAY PARKWAY</propertyAddress>
      <propertyCity>Alameda</propertyCity>
      <propertyState>CA</propertyState>
      <propertyZip>94502</propertyZip>
      <propertyCounty>Alameda</propertyCounty>
      <propertyTypeCode>MU</propertyTypeCode>
      <netRentableSquareFeetNumber>33817</netRentableSquareFeetNumber>
      <netRentableSquareFeetSecuritizationNumber>33817</netRentableSquareFeetSecuritizationNumber>
      <yearBuiltNumber>1985</yearBuiltNumber>
      <yearLastRenovated>2021</yearLastRenovated>
      <valuationSecuritizationAmount>16600000.00</valuationSecuritizationAmount>
      <valuationSourceSecuritizationCode>MAI</valuationSourceSecuritizationCode>
      <valuationSecuritizationDate>10-21-2024</valuationSecuritizationDate>
      <physicalOccupancySecuritizationPercentage>0.5</physicalOccupancySecuritizationPercentage>
      <mostRecentPhysicalOccupancyPercentage>0.5</mostRecentPhysicalOccupancyPercentage>
      <propertyStatusCode>6</propertyStatusCode>
      <largestTenant>Rubi Laboratories  Inc.</largestTenant>
      <squareFeetLargestTenantNumber>16844</squareFeetLargestTenantNumber>
      <leaseExpirationLargestTenantDate>01-14-2032</leaseExpirationLargestTenantDate>
      <secondLargestTenant>J Peach  LLC DBA Caf&#xE9; Jolie</secondLargestTenant>
      <squareFeetSecondLargestTenantNumber>0</squareFeetSecondLargestTenantNumber>
      <leaseExpirationSecondLargestTenantDate>07-31-2028</leaseExpirationSecondLargestTenantDate>
      <financialsSecuritizationDate>09-30-2024</financialsSecuritizationDate>
      <mostRecentFinancialsStartDate>01-01-2026</mostRecentFinancialsStartDate>
      <mostRecentFinancialsEndDate>03-31-2026</mostRecentFinancialsEndDate>
      <revenueSecuritizationAmount>1405047.14</revenueSecuritizationAmount>
      <mostRecentRevenueAmount>353971.00</mostRecentRevenueAmount>
      <operatingExpensesSecuritizationAmount>607990.25</operatingExpensesSecuritizationAmount>
      <operatingExpensesAmount>160871.88</operatingExpensesAmount>
      <netOperatingIncomeSecuritizationAmount>797056.89</netOperatingIncomeSecuritizationAmount>
      <mostRecentNetOperatingIncomeAmount>193099.12</mostRecentNetOperatingIncomeAmount>
      <netCashFlowFlowSecuritizationAmount>780135.03</netCashFlowFlowSecuritizationAmount>
      <mostRecentNetCashFlowAmount>188868.62</mostRecentNetCashFlowAmount>
      <netOperatingIncomeNetCashFlowSecuritizationCode>UW</netOperatingIncomeNetCashFlowSecuritizationCode>
      <netOperatingIncomeNetCashFlowCode>CREFC</netOperatingIncomeNetCashFlowCode>
      <mostRecentDebtServiceAmount>268831.23</mostRecentDebtServiceAmount>
      <mostRecentDebtServiceCoverageNetOperatingIncomePercentage>0.7182</mostRecentDebtServiceCoverageNetOperatingIncomePercentage>
      <mostRecentDebtServiceCoverageNetCashFlowpercentage>0.7025</mostRecentDebtServiceCoverageNetCashFlowpercentage>
      <mostRecentDebtServiceCoverageCode>F</mostRecentDebtServiceCoverageCode>
      <mostRecentAnnualLeaseRolloverReviewDate>03-31-2026</mostRecentAnnualLeaseRolloverReviewDate>
    </property>
    <assetAddedIndicator>false</assetAddedIndicator>
  </assets>
  <assets>
    <assetTypeNumber>Prospectus Loan ID</assetTypeNumber>
    <assetNumber>10A</assetNumber>
    <reportingPeriodBeginningDate>05-12-2026</reportingPeriodBeginningDate>
    <reportingPeriodEndDate>06-11-2026</reportingPeriodEndDate>
    <originatorName>WFB</originatorName>
    <originationDate>12-30-2024</originationDate>
    <originalLoanAmount>11600000.00</originalLoanAmount>
    <originalTermLoanNumber>60</originalTermLoanNumber>
    <maturityDate>01-11-2030</maturityDate>
    <originalAmortizationTermNumber>360</originalAmortizationTermNumber>
    <originalInterestRatePercentage>0.06126</originalInterestRatePercentage>
    <interestRateSecuritizationPercentage>0.06126</interestRateSecuritizationPercentage>
    <interestAccrualMethodCode>3</interestAccrualMethodCode>
    <originalInterestRateTypeCode>1</originalInterestRateTypeCode>
    <firstLoanPaymentDueDate>02-11-2025</firstLoanPaymentDueDate>
    <lienPositionSecuritizationCode>1</lienPositionSecuritizationCode>
    <loanStructureCode>PP</loanStructureCode>
    <paymentTypeCode>2</paymentTypeCode>
    <scheduledPrincipalBalanceSecuritizationAmount>11566009.16</scheduledPrincipalBalanceSecuritizationAmount>
    <paymentFrequencyCode>1</paymentFrequencyCode>
    <graceDaysAllowedNumber>0</graceDaysAllowedNumber>
    <interestOnlyIndicator>false</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>11422756.76</reportPeriodBeginningScheduleLoanBalanceAmount>
    <totalScheduledPrincipalInterestDueAmount>70490.32</totalScheduledPrincipalInterestDueAmount>
    <reportPeriodInterestRatePercentage>0.06126</reportPeriodInterestRatePercentage>
    <servicerTrusteeFeeRatePercentage>0.0001791</servicerTrusteeFeeRatePercentage>
    <scheduledInterestAmount>60256.95</scheduledInterestAmount>
    <scheduledPrincipalAmount>10233.37</scheduledPrincipalAmount>
    <unscheduledPrincipalCollectedAmount>0.00</unscheduledPrincipalCollectedAmount>
    <reportPeriodEndActualBalanceAmount>11412523.39</reportPeriodEndActualBalanceAmount>
    <reportPeriodEndScheduledLoanBalanceAmount>11412523.39</reportPeriodEndScheduledLoanBalanceAmount>
    <paidThroughDate>06-11-2026</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>10-010</assetNumber>
    <reportingPeriodBeginningDate>05-12-2026</reportingPeriodBeginningDate>
    <reportingPeriodEndDate>06-11-2026</reportingPeriodEndDate>
    <property>
      <propertyName>1411 HARBOR BAY PARKWAY</propertyName>
      <propertyAddress>1411 HARBOR BAY PARKWAY</propertyAddress>
      <propertyCity>Alameda</propertyCity>
      <propertyState>CA</propertyState>
      <propertyZip>94502</propertyZip>
      <propertyCounty>Alameda</propertyCounty>
      <propertyTypeCode>MU</propertyTypeCode>
      <netRentableSquareFeetNumber>28317</netRentableSquareFeetNumber>
      <netRentableSquareFeetSecuritizationNumber>28317</netRentableSquareFeetSecuritizationNumber>
      <yearBuiltNumber>1984</yearBuiltNumber>
      <valuationSecuritizationAmount>12940000.00</valuationSecuritizationAmount>
      <valuationSourceSecuritizationCode>MAI</valuationSourceSecuritizationCode>
      <valuationSecuritizationDate>10-23-2024</valuationSecuritizationDate>
      <physicalOccupancySecuritizationPercentage>1</physicalOccupancySecuritizationPercentage>
      <mostRecentPhysicalOccupancyPercentage>1</mostRecentPhysicalOccupancyPercentage>
      <propertyStatusCode>6</propertyStatusCode>
      <largestTenant>Penumbra  Inc</largestTenant>
      <squareFeetLargestTenantNumber>28317</squareFeetLargestTenantNumber>
      <leaseExpirationLargestTenantDate>12-31-2036</leaseExpirationLargestTenantDate>
      <financialsSecuritizationDate>09-30-2024</financialsSecuritizationDate>
      <mostRecentFinancialsStartDate>01-01-2026</mostRecentFinancialsStartDate>
      <mostRecentFinancialsEndDate>03-31-2026</mostRecentFinancialsEndDate>
      <revenueSecuritizationAmount>1092194.08</revenueSecuritizationAmount>
      <mostRecentRevenueAmount>295379.00</mostRecentRevenueAmount>
      <operatingExpensesSecuritizationAmount>275305.48</operatingExpensesSecuritizationAmount>
      <operatingExpensesAmount>63114.62</operatingExpensesAmount>
      <netOperatingIncomeSecuritizationAmount>816888.60</netOperatingIncomeSecuritizationAmount>
      <mostRecentNetOperatingIncomeAmount>232264.38</mostRecentNetOperatingIncomeAmount>
      <netCashFlowFlowSecuritizationAmount>802718.92</netCashFlowFlowSecuritizationAmount>
      <mostRecentNetCashFlowAmount>228721.88</mostRecentNetCashFlowAmount>
      <netOperatingIncomeNetCashFlowSecuritizationCode>UW</netOperatingIncomeNetCashFlowSecuritizationCode>
      <netOperatingIncomeNetCashFlowCode>CREFC</netOperatingIncomeNetCashFlowCode>
      <mostRecentDebtServiceAmount>153617.85</mostRecentDebtServiceAmount>
      <mostRecentDebtServiceCoverageNetOperatingIncomePercentage>1.5119</mostRecentDebtServiceCoverageNetOperatingIncomePercentage>
      <mostRecentDebtServiceCoverageNetCashFlowpercentage>1.4889</mostRecentDebtServiceCoverageNetCashFlowpercentage>
      <mostRecentDebtServiceCoverageCode>F</mostRecentDebtServiceCoverageCode>
      <mostRecentAnnualLeaseRolloverReviewDate>03-31-2026</mostRecentAnnualLeaseRolloverReviewDate>
    </property>
    <assetAddedIndicator>false</assetAddedIndicator>
  </assets>
  <assets>
    <assetTypeNumber>Prospectus Loan ID</assetTypeNumber>
    <assetNumber>11</assetNumber>
    <reportingPeriodBeginningDate>05-12-2026</reportingPeriodBeginningDate>
    <reportingPeriodEndDate>06-11-2026</reportingPeriodEndDate>
    <originatorName>WFB</originatorName>
    <originationDate>03-18-2025</originationDate>
    <originalLoanAmount>33200000.00</originalLoanAmount>
    <originalTermLoanNumber>60</originalTermLoanNumber>
    <maturityDate>04-11-2030</maturityDate>
    <originalInterestRatePercentage>0.06705</originalInterestRatePercentage>
    <interestRateSecuritizationPercentage>0.06705</interestRateSecuritizationPercentage>
    <interestAccrualMethodCode>3</interestAccrualMethodCode>
    <originalInterestRateTypeCode>1</originalInterestRateTypeCode>
    <originalInterestOnlyTermNumber>60</originalInterestOnlyTermNumber>
    <firstLoanPaymentDueDate>05-11-2025</firstLoanPaymentDueDate>
    <underwritingIndicator>true</underwritingIndicator>
    <lienPositionSecuritizationCode>1</lienPositionSecuritizationCode>
    <loanStructureCode>WL</loanStructureCode>
    <paymentTypeCode>3</paymentTypeCode>
    <periodicPrincipalAndInterestPaymentSecuritizationAmount>0.00</periodicPrincipalAndInterestPaymentSecuritizationAmount>
    <scheduledPrincipalBalanceSecuritizationAmount>33200000.00</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>
    <yieldMaintenanceEndDate>01-10-2030</yieldMaintenanceEndDate>
    <prepaymentPremiumsEndDate>01-10-2030</prepaymentPremiumsEndDate>
    <property>
      <propertyName>TOWNSHIP APARTMENTS</propertyName>
      <propertyAddress>411 SOUTH BENDER AVENUE 300</propertyAddress>
      <propertyCity>Humble</propertyCity>
      <propertyState>TX</propertyState>
      <propertyZip>77338</propertyZip>
      <propertyCounty>Harris</propertyCounty>
      <propertyTypeCode>MF</propertyTypeCode>
      <unitsBedsRoomsNumber>300</unitsBedsRoomsNumber>
      <unitsBedsRoomsSecuritizationNumber>300</unitsBedsRoomsSecuritizationNumber>
      <yearBuiltNumber>1974</yearBuiltNumber>
      <yearLastRenovated>2023</yearLastRenovated>
      <valuationSecuritizationAmount>61100000.00</valuationSecuritizationAmount>
      <valuationSourceSecuritizationCode>MAI</valuationSourceSecuritizationCode>
      <valuationSecuritizationDate>12-27-2024</valuationSecuritizationDate>
      <physicalOccupancySecuritizationPercentage>0.93</physicalOccupancySecuritizationPercentage>
      <propertyStatusCode>6</propertyStatusCode>
      <DefeasedStatusCode>X</DefeasedStatusCode>
      <financialsSecuritizationDate>12-31-2024</financialsSecuritizationDate>
      <revenueSecuritizationAmount>4972895.88</revenueSecuritizationAmount>
      <operatingExpensesSecuritizationAmount>1267201.31</operatingExpensesSecuritizationAmount>
      <netOperatingIncomeSecuritizationAmount>3705694.57</netOperatingIncomeSecuritizationAmount>
      <netCashFlowFlowSecuritizationAmount>3630694.57</netCashFlowFlowSecuritizationAmount>
      <netOperatingIncomeNetCashFlowSecuritizationCode>UW</netOperatingIncomeNetCashFlowSecuritizationCode>
      <netOperatingIncomeNetCashFlowCode>CREFC</netOperatingIncomeNetCashFlowCode>
      <debtServiceCoverageNetOperatingIncomeSecuritizationPercentage>1.64</debtServiceCoverageNetOperatingIncomeSecuritizationPercentage>
      <debtServiceCoverageNetCashFlowSecuritizationPercentage>1.61</debtServiceCoverageNetCashFlowSecuritizationPercentage>
      <debtServiceCoverageSecuritizationCode>F</debtServiceCoverageSecuritizationCode>
    </property>
    <assetAddedIndicator>false</assetAddedIndicator>
    <reportPeriodModificationIndicator>false</reportPeriodModificationIndicator>
    <reportPeriodBeginningScheduleLoanBalanceAmount>33200000.00</reportPeriodBeginningScheduleLoanBalanceAmount>
    <totalScheduledPrincipalInterestDueAmount>191688.50</totalScheduledPrincipalInterestDueAmount>
    <reportPeriodInterestRatePercentage>0.06705</reportPeriodInterestRatePercentage>
    <servicerTrusteeFeeRatePercentage>0.0001791</servicerTrusteeFeeRatePercentage>
    <scheduledInterestAmount>191688.50</scheduledInterestAmount>
    <scheduledPrincipalAmount>0.00</scheduledPrincipalAmount>
    <unscheduledPrincipalCollectedAmount>0.00</unscheduledPrincipalCollectedAmount>
    <reportPeriodEndActualBalanceAmount>33200000.00</reportPeriodEndActualBalanceAmount>
    <reportPeriodEndScheduledLoanBalanceAmount>33200000.00</reportPeriodEndScheduledLoanBalanceAmount>
    <paidThroughDate>06-11-2026</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>12</assetNumber>
    <reportingPeriodBeginningDate>05-12-2026</reportingPeriodBeginningDate>
    <reportingPeriodEndDate>06-11-2026</reportingPeriodEndDate>
    <originatorName>WFB</originatorName>
    <originationDate>03-18-2025</originationDate>
    <originalLoanAmount>31000000.00</originalLoanAmount>
    <originalTermLoanNumber>60</originalTermLoanNumber>
    <maturityDate>04-11-2030</maturityDate>
    <originalInterestRatePercentage>0.06705</originalInterestRatePercentage>
    <interestRateSecuritizationPercentage>0.06705</interestRateSecuritizationPercentage>
    <interestAccrualMethodCode>3</interestAccrualMethodCode>
    <originalInterestRateTypeCode>1</originalInterestRateTypeCode>
    <originalInterestOnlyTermNumber>60</originalInterestOnlyTermNumber>
    <firstLoanPaymentDueDate>05-11-2025</firstLoanPaymentDueDate>
    <underwritingIndicator>true</underwritingIndicator>
    <lienPositionSecuritizationCode>1</lienPositionSecuritizationCode>
    <loanStructureCode>WL</loanStructureCode>
    <paymentTypeCode>3</paymentTypeCode>
    <periodicPrincipalAndInterestPaymentSecuritizationAmount>0.00</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>
    <yieldMaintenanceEndDate>01-10-2030</yieldMaintenanceEndDate>
    <prepaymentPremiumsEndDate>01-10-2030</prepaymentPremiumsEndDate>
    <property>
      <propertyName>HOLLYVIEW APARTMENTS</propertyName>
      <propertyAddress>5555 HOLLY VIEW DRIVE</propertyAddress>
      <propertyCity>Houston</propertyCity>
      <propertyState>TX</propertyState>
      <propertyZip>77091</propertyZip>
      <propertyCounty>Harris</propertyCounty>
      <propertyTypeCode>MF</propertyTypeCode>
      <unitsBedsRoomsNumber>324</unitsBedsRoomsNumber>
      <unitsBedsRoomsSecuritizationNumber>324</unitsBedsRoomsSecuritizationNumber>
      <yearBuiltNumber>1980</yearBuiltNumber>
      <yearLastRenovated>2023</yearLastRenovated>
      <valuationSecuritizationAmount>52200000.00</valuationSecuritizationAmount>
      <valuationSourceSecuritizationCode>MAI</valuationSourceSecuritizationCode>
      <valuationSecuritizationDate>12-27-2024</valuationSecuritizationDate>
      <physicalOccupancySecuritizationPercentage>0.95</physicalOccupancySecuritizationPercentage>
      <propertyStatusCode>6</propertyStatusCode>
      <DefeasedStatusCode>X</DefeasedStatusCode>
      <financialsSecuritizationDate>12-31-2024</financialsSecuritizationDate>
      <revenueSecuritizationAmount>4509911.17</revenueSecuritizationAmount>
      <operatingExpensesSecuritizationAmount>1299584.64</operatingExpensesSecuritizationAmount>
      <netOperatingIncomeSecuritizationAmount>3210326.53</netOperatingIncomeSecuritizationAmount>
      <netCashFlowFlowSecuritizationAmount>3129326.53</netCashFlowFlowSecuritizationAmount>
      <netOperatingIncomeNetCashFlowSecuritizationCode>UW</netOperatingIncomeNetCashFlowSecuritizationCode>
      <netOperatingIncomeNetCashFlowCode>CREFC</netOperatingIncomeNetCashFlowCode>
      <debtServiceCoverageNetOperatingIncomeSecuritizationPercentage>1.52</debtServiceCoverageNetOperatingIncomeSecuritizationPercentage>
      <debtServiceCoverageNetCashFlowSecuritizationPercentage>1.48</debtServiceCoverageNetCashFlowSecuritizationPercentage>
      <debtServiceCoverageSecuritizationCode>F</debtServiceCoverageSecuritizationCode>
    </property>
    <assetAddedIndicator>false</assetAddedIndicator>
    <reportPeriodModificationIndicator>false</reportPeriodModificationIndicator>
    <reportPeriodBeginningScheduleLoanBalanceAmount>31000000.00</reportPeriodBeginningScheduleLoanBalanceAmount>
    <totalScheduledPrincipalInterestDueAmount>178986.25</totalScheduledPrincipalInterestDueAmount>
    <reportPeriodInterestRatePercentage>0.06705</reportPeriodInterestRatePercentage>
    <servicerTrusteeFeeRatePercentage>0.0001791</servicerTrusteeFeeRatePercentage>
    <scheduledInterestAmount>178986.25</scheduledInterestAmount>
    <scheduledPrincipalAmount>0.00</scheduledPrincipalAmount>
    <unscheduledPrincipalCollectedAmount>0.00</unscheduledPrincipalCollectedAmount>
    <reportPeriodEndActualBalanceAmount>31000000.00</reportPeriodEndActualBalanceAmount>
    <reportPeriodEndScheduledLoanBalanceAmount>31000000.00</reportPeriodEndScheduledLoanBalanceAmount>
    <paidThroughDate>06-11-2026</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>13</assetNumber>
    <reportingPeriodBeginningDate>05-12-2026</reportingPeriodBeginningDate>
    <reportingPeriodEndDate>06-11-2026</reportingPeriodEndDate>
    <originatorName>WFB</originatorName>
    <originationDate>03-06-2025</originationDate>
    <originalLoanAmount>30375000.00</originalLoanAmount>
    <originalTermLoanNumber>60</originalTermLoanNumber>
    <maturityDate>03-06-2030</maturityDate>
    <originalInterestRatePercentage>0.067</originalInterestRatePercentage>
    <interestRateSecuritizationPercentage>0.067</interestRateSecuritizationPercentage>
    <interestAccrualMethodCode>3</interestAccrualMethodCode>
    <originalInterestRateTypeCode>1</originalInterestRateTypeCode>
    <originalInterestOnlyTermNumber>60</originalInterestOnlyTermNumber>
    <firstLoanPaymentDueDate>04-06-2025</firstLoanPaymentDueDate>
    <underwritingIndicator>true</underwritingIndicator>
    <lienPositionSecuritizationCode>1</lienPositionSecuritizationCode>
    <loanStructureCode>PP</loanStructureCode>
    <paymentTypeCode>3</paymentTypeCode>
    <periodicPrincipalAndInterestPaymentSecuritizationAmount>175246.88</periodicPrincipalAndInterestPaymentSecuritizationAmount>
    <scheduledPrincipalBalanceSecuritizationAmount>30375000.00</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>09-05-2029</prepaymentLockOutEndDate>
    <property>
      <propertyName>REDMOND TOWN CENTER</propertyName>
      <propertyAddress>7525 166TH AVENUE NORTHEAST</propertyAddress>
      <propertyCity>Redmond</propertyCity>
      <propertyState>WA</propertyState>
      <propertyZip>98052</propertyZip>
      <propertyCounty>King</propertyCounty>
      <propertyTypeCode>RT</propertyTypeCode>
      <netRentableSquareFeetNumber>389431</netRentableSquareFeetNumber>
      <netRentableSquareFeetSecuritizationNumber>389431</netRentableSquareFeetSecuritizationNumber>
      <yearBuiltNumber>1996</yearBuiltNumber>
      <valuationSecuritizationAmount>180000000.00</valuationSecuritizationAmount>
      <valuationSourceSecuritizationCode>MAI</valuationSourceSecuritizationCode>
      <valuationSecuritizationDate>01-22-2025</valuationSecuritizationDate>
      <physicalOccupancySecuritizationPercentage>0.97</physicalOccupancySecuritizationPercentage>
      <mostRecentPhysicalOccupancyPercentage>0.96</mostRecentPhysicalOccupancyPercentage>
      <propertyStatusCode>6</propertyStatusCode>
      <defeasanceOptionStartDate>05-06-2027</defeasanceOptionStartDate>
      <DefeasedStatusCode>N</DefeasedStatusCode>
      <largestTenant>Ipic Theaters</largestTenant>
      <squareFeetLargestTenantNumber>38858</squareFeetLargestTenantNumber>
      <leaseExpirationLargestTenantDate>09-30-2030</leaseExpirationLargestTenantDate>
      <secondLargestTenant>Guitar Center stores  Inc.</secondLargestTenant>
      <squareFeetSecondLargestTenantNumber>15393</squareFeetSecondLargestTenantNumber>
      <leaseExpirationSecondLargestTenantDate>05-31-2030</leaseExpirationSecondLargestTenantDate>
      <thirdLargestTenant>Flatstick Pub</thirdLargestTenant>
      <squareFeetThirdLargestTenantNumber>11381</squareFeetThirdLargestTenantNumber>
      <leaseExpirationThirdLargestTenantDate>01-31-2033</leaseExpirationThirdLargestTenantDate>
      <financialsSecuritizationDate>12-31-2024</financialsSecuritizationDate>
      <mostRecentFinancialsStartDate>12-31-2024</mostRecentFinancialsStartDate>
      <mostRecentFinancialsEndDate>12-31-2025</mostRecentFinancialsEndDate>
      <revenueSecuritizationAmount>18859706.43</revenueSecuritizationAmount>
      <mostRecentRevenueAmount>18815510.00</mostRecentRevenueAmount>
      <operatingExpensesSecuritizationAmount>6009419.18</operatingExpensesSecuritizationAmount>
      <operatingExpensesAmount>6821083.00</operatingExpensesAmount>
      <netOperatingIncomeSecuritizationAmount>12850287.24</netOperatingIncomeSecuritizationAmount>
      <mostRecentNetOperatingIncomeAmount>11994427.00</mostRecentNetOperatingIncomeAmount>
      <netCashFlowFlowSecuritizationAmount>12247458.74</netCashFlowFlowSecuritizationAmount>
      <mostRecentNetCashFlowAmount>11391598.00</mostRecentNetCashFlowAmount>
      <netOperatingIncomeNetCashFlowSecuritizationCode>UW</netOperatingIncomeNetCashFlowSecuritizationCode>
      <netOperatingIncomeNetCashFlowCode>CREFC</netOperatingIncomeNetCashFlowCode>
      <mostRecentDebtServiceAmount>8253563.00</mostRecentDebtServiceAmount>
      <debtServiceCoverageNetOperatingIncomeSecuritizationPercentage>1.56</debtServiceCoverageNetOperatingIncomeSecuritizationPercentage>
      <mostRecentDebtServiceCoverageNetOperatingIncomePercentage>1.4532</mostRecentDebtServiceCoverageNetOperatingIncomePercentage>
      <debtServiceCoverageNetCashFlowSecuritizationPercentage>1.48</debtServiceCoverageNetCashFlowSecuritizationPercentage>
      <mostRecentDebtServiceCoverageNetCashFlowpercentage>1.3802</mostRecentDebtServiceCoverageNetCashFlowpercentage>
      <debtServiceCoverageSecuritizationCode>F</debtServiceCoverageSecuritizationCode>
      <mostRecentDebtServiceCoverageCode>F</mostRecentDebtServiceCoverageCode>
      <mostRecentAnnualLeaseRolloverReviewDate>12-31-2025</mostRecentAnnualLeaseRolloverReviewDate>
    </property>
    <assetAddedIndicator>false</assetAddedIndicator>
    <reportPeriodModificationIndicator>false</reportPeriodModificationIndicator>
    <reportPeriodBeginningScheduleLoanBalanceAmount>30375000.00</reportPeriodBeginningScheduleLoanBalanceAmount>
    <totalScheduledPrincipalInterestDueAmount>175246.88</totalScheduledPrincipalInterestDueAmount>
    <reportPeriodInterestRatePercentage>0.067</reportPeriodInterestRatePercentage>
    <servicerTrusteeFeeRatePercentage>0.0001666</servicerTrusteeFeeRatePercentage>
    <scheduledInterestAmount>175246.88</scheduledInterestAmount>
    <scheduledPrincipalAmount>0.00</scheduledPrincipalAmount>
    <unscheduledPrincipalCollectedAmount>0.00</unscheduledPrincipalCollectedAmount>
    <reportPeriodEndActualBalanceAmount>30375000.00</reportPeriodEndActualBalanceAmount>
    <reportPeriodEndScheduledLoanBalanceAmount>30375000.00</reportPeriodEndScheduledLoanBalanceAmount>
    <paidThroughDate>06-06-2026</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>14</assetNumber>
    <reportingPeriodBeginningDate>05-12-2026</reportingPeriodBeginningDate>
    <reportingPeriodEndDate>06-11-2026</reportingPeriodEndDate>
    <originatorName>JPMCB</originatorName>
    <originationDate>02-13-2025</originationDate>
    <originalLoanAmount>25000000.00</originalLoanAmount>
    <originalTermLoanNumber>60</originalTermLoanNumber>
    <maturityDate>03-06-2030</maturityDate>
    <originalInterestRatePercentage>0.06658</originalInterestRatePercentage>
    <interestRateSecuritizationPercentage>0.06658</interestRateSecuritizationPercentage>
    <interestAccrualMethodCode>3</interestAccrualMethodCode>
    <originalInterestRateTypeCode>1</originalInterestRateTypeCode>
    <originalInterestOnlyTermNumber>60</originalInterestOnlyTermNumber>
    <firstLoanPaymentDueDate>04-06-2025</firstLoanPaymentDueDate>
    <underwritingIndicator>true</underwritingIndicator>
    <lienPositionSecuritizationCode>1</lienPositionSecuritizationCode>
    <loanStructureCode>PP</loanStructureCode>
    <paymentTypeCode>3</paymentTypeCode>
    <periodicPrincipalAndInterestPaymentSecuritizationAmount>171998.33</periodicPrincipalAndInterestPaymentSecuritizationAmount>
    <scheduledPrincipalBalanceSecuritizationAmount>25000000.00</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>03-05-2026</prepaymentLockOutEndDate>
    <yieldMaintenanceEndDate>09-05-2029</yieldMaintenanceEndDate>
    <prepaymentPremiumsEndDate>09-05-2029</prepaymentPremiumsEndDate>
    <property>
      <propertyName>LAS OLAS CITY CENTRE</propertyName>
      <propertyAddress>401 EAST LAS OLAS BOULEVARD</propertyAddress>
      <propertyCity>Fort Lauderdale</propertyCity>
      <propertyState>FL</propertyState>
      <propertyZip>33301</propertyZip>
      <propertyCounty>Broward</propertyCounty>
      <propertyTypeCode>OF</propertyTypeCode>
      <netRentableSquareFeetNumber>410561</netRentableSquareFeetNumber>
      <netRentableSquareFeetSecuritizationNumber>410561</netRentableSquareFeetSecuritizationNumber>
      <yearBuiltNumber>2003</yearBuiltNumber>
      <yearLastRenovated>2023</yearLastRenovated>
      <valuationSecuritizationAmount>222700000.00</valuationSecuritizationAmount>
      <valuationSourceSecuritizationCode>MAI</valuationSourceSecuritizationCode>
      <valuationSecuritizationDate>01-15-2025</valuationSecuritizationDate>
      <physicalOccupancySecuritizationPercentage>0.95</physicalOccupancySecuritizationPercentage>
      <mostRecentPhysicalOccupancyPercentage>0.94</mostRecentPhysicalOccupancyPercentage>
      <propertyStatusCode>6</propertyStatusCode>
      <defeasanceOptionStartDate>05-06-2027</defeasanceOptionStartDate>
      <DefeasedStatusCode>N</DefeasedStatusCode>
      <largestTenant>BANK OF AMERICA</largestTenant>
      <squareFeetLargestTenantNumber>68368</squareFeetLargestTenantNumber>
      <leaseExpirationLargestTenantDate>05-31-2033</leaseExpirationLargestTenantDate>
      <secondLargestTenant>GREENBERG TRAURIG</secondLargestTenant>
      <squareFeetSecondLargestTenantNumber>48790</squareFeetSecondLargestTenantNumber>
      <leaseExpirationSecondLargestTenantDate>01-31-2041</leaseExpirationSecondLargestTenantDate>
      <thirdLargestTenant>BOIES, SCHILLER &amp; FLEXNER</thirdLargestTenant>
      <squareFeetThirdLargestTenantNumber>25848</squareFeetThirdLargestTenantNumber>
      <leaseExpirationThirdLargestTenantDate>06-30-2032</leaseExpirationThirdLargestTenantDate>
      <financialsSecuritizationDate>10-31-2024</financialsSecuritizationDate>
      <mostRecentFinancialsStartDate>12-31-2024</mostRecentFinancialsStartDate>
      <mostRecentFinancialsEndDate>12-31-2025</mostRecentFinancialsEndDate>
      <revenueSecuritizationAmount>26843828.12</revenueSecuritizationAmount>
      <mostRecentRevenueAmount>23369683.00</mostRecentRevenueAmount>
      <operatingExpensesSecuritizationAmount>8296498.86</operatingExpensesSecuritizationAmount>
      <operatingExpensesAmount>8319476.00</operatingExpensesAmount>
      <netOperatingIncomeSecuritizationAmount>18547329.26</netOperatingIncomeSecuritizationAmount>
      <mostRecentNetOperatingIncomeAmount>15050207.00</mostRecentNetOperatingIncomeAmount>
      <netCashFlowFlowSecuritizationAmount>17438814.56</netCashFlowFlowSecuritizationAmount>
      <mostRecentNetCashFlowAmount>13941692.00</mostRecentNetCashFlowAmount>
      <netOperatingIncomeNetCashFlowSecuritizationCode>UW</netOperatingIncomeNetCashFlowSecuritizationCode>
      <netOperatingIncomeNetCashFlowCode>CREFC</netOperatingIncomeNetCashFlowCode>
      <mostRecentDebtServiceAmount>9832572.00</mostRecentDebtServiceAmount>
      <debtServiceCoverageNetOperatingIncomeSecuritizationPercentage>1.89</debtServiceCoverageNetOperatingIncomeSecuritizationPercentage>
      <mostRecentDebtServiceCoverageNetOperatingIncomePercentage>1.5306</mostRecentDebtServiceCoverageNetOperatingIncomePercentage>
      <debtServiceCoverageNetCashFlowSecuritizationPercentage>1.78</debtServiceCoverageNetCashFlowSecuritizationPercentage>
      <mostRecentDebtServiceCoverageNetCashFlowpercentage>1.4179</mostRecentDebtServiceCoverageNetCashFlowpercentage>
      <debtServiceCoverageSecuritizationCode>F</debtServiceCoverageSecuritizationCode>
      <mostRecentDebtServiceCoverageCode>F</mostRecentDebtServiceCoverageCode>
    </property>
    <assetAddedIndicator>false</assetAddedIndicator>
    <reportPeriodModificationIndicator>false</reportPeriodModificationIndicator>
    <reportPeriodBeginningScheduleLoanBalanceAmount>25000000.00</reportPeriodBeginningScheduleLoanBalanceAmount>
    <totalScheduledPrincipalInterestDueAmount>143331.94</totalScheduledPrincipalInterestDueAmount>
    <reportPeriodInterestRatePercentage>0.06658</reportPeriodInterestRatePercentage>
    <servicerTrusteeFeeRatePercentage>0.0001666</servicerTrusteeFeeRatePercentage>
    <scheduledInterestAmount>143331.94</scheduledInterestAmount>
    <scheduledPrincipalAmount>0.00</scheduledPrincipalAmount>
    <unscheduledPrincipalCollectedAmount>0.00</unscheduledPrincipalCollectedAmount>
    <reportPeriodEndActualBalanceAmount>25000000.00</reportPeriodEndActualBalanceAmount>
    <reportPeriodEndScheduledLoanBalanceAmount>25000000.00</reportPeriodEndScheduledLoanBalanceAmount>
    <paidThroughDate>06-06-2026</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>14A</assetNumber>
    <reportingPeriodBeginningDate>05-12-2026</reportingPeriodBeginningDate>
    <reportingPeriodEndDate>06-11-2026</reportingPeriodEndDate>
    <originatorName>JPMCB</originatorName>
    <originationDate>02-13-2025</originationDate>
    <originalLoanAmount>5000000.00</originalLoanAmount>
    <originalTermLoanNumber>60</originalTermLoanNumber>
    <maturityDate>03-06-2030</maturityDate>
    <originalInterestRatePercentage>0.06658</originalInterestRatePercentage>
    <interestRateSecuritizationPercentage>0.06658</interestRateSecuritizationPercentage>
    <interestAccrualMethodCode>3</interestAccrualMethodCode>
    <originalInterestRateTypeCode>1</originalInterestRateTypeCode>
    <originalInterestOnlyTermNumber>60</originalInterestOnlyTermNumber>
    <firstLoanPaymentDueDate>04-06-2025</firstLoanPaymentDueDate>
    <lienPositionSecuritizationCode>1</lienPositionSecuritizationCode>
    <loanStructureCode>PP</loanStructureCode>
    <paymentTypeCode>3</paymentTypeCode>
    <scheduledPrincipalBalanceSecuritizationAmount>5000000.00</scheduledPrincipalBalanceSecuritizationAmount>
    <paymentFrequencyCode>1</paymentFrequencyCode>
    <graceDaysAllowedNumber>0</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>5000000.00</reportPeriodBeginningScheduleLoanBalanceAmount>
    <totalScheduledPrincipalInterestDueAmount>28666.39</totalScheduledPrincipalInterestDueAmount>
    <reportPeriodInterestRatePercentage>0.06658</reportPeriodInterestRatePercentage>
    <servicerTrusteeFeeRatePercentage>0.0001666</servicerTrusteeFeeRatePercentage>
    <scheduledInterestAmount>28666.39</scheduledInterestAmount>
    <scheduledPrincipalAmount>0.00</scheduledPrincipalAmount>
    <unscheduledPrincipalCollectedAmount>0.00</unscheduledPrincipalCollectedAmount>
    <reportPeriodEndActualBalanceAmount>5000000.00</reportPeriodEndActualBalanceAmount>
    <reportPeriodEndScheduledLoanBalanceAmount>5000000.00</reportPeriodEndScheduledLoanBalanceAmount>
    <paidThroughDate>06-06-2026</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>15</assetNumber>
    <reportingPeriodBeginningDate>05-12-2026</reportingPeriodBeginningDate>
    <reportingPeriodEndDate>06-11-2026</reportingPeriodEndDate>
    <originatorName>MSBNA</originatorName>
    <originationDate>02-27-2025</originationDate>
    <originalLoanAmount>10000000.00</originalLoanAmount>
    <originalTermLoanNumber>60</originalTermLoanNumber>
    <maturityDate>03-07-2030</maturityDate>
    <originalInterestRatePercentage>0.069</originalInterestRatePercentage>
    <interestRateSecuritizationPercentage>0.069</interestRateSecuritizationPercentage>
    <interestAccrualMethodCode>3</interestAccrualMethodCode>
    <originalInterestRateTypeCode>1</originalInterestRateTypeCode>
    <originalInterestOnlyTermNumber>60</originalInterestOnlyTermNumber>
    <firstLoanPaymentDueDate>04-07-2025</firstLoanPaymentDueDate>
    <underwritingIndicator>true</underwritingIndicator>
    <lienPositionSecuritizationCode>1</lienPositionSecuritizationCode>
    <loanStructureCode>PP</loanStructureCode>
    <paymentTypeCode>3</paymentTypeCode>
    <periodicPrincipalAndInterestPaymentSecuritizationAmount>178250.00</periodicPrincipalAndInterestPaymentSecuritizationAmount>
    <scheduledPrincipalBalanceSecuritizationAmount>10000000.00</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>09-06-2029</prepaymentLockOutEndDate>
    <property>
      <propertyName>LOGAN CARGO PARK</propertyName>
      <propertyAddress>440 AND 480 WILLIAM F MCCLELLAN HIGHWAY</propertyAddress>
      <propertyCity>East Boston</propertyCity>
      <propertyState>MA</propertyState>
      <propertyZip>02128</propertyZip>
      <propertyCounty>Suffolk</propertyCounty>
      <propertyTypeCode>IN</propertyTypeCode>
      <netRentableSquareFeetNumber>266690</netRentableSquareFeetNumber>
      <netRentableSquareFeetSecuritizationNumber>266690</netRentableSquareFeetSecuritizationNumber>
      <yearBuiltNumber>1965</yearBuiltNumber>
      <yearLastRenovated>2022</yearLastRenovated>
      <valuationSecuritizationAmount>213400000.00</valuationSecuritizationAmount>
      <valuationSourceSecuritizationCode>MAI</valuationSourceSecuritizationCode>
      <valuationSecuritizationDate>01-24-2025</valuationSecuritizationDate>
      <physicalOccupancySecuritizationPercentage>0.95</physicalOccupancySecuritizationPercentage>
      <mostRecentPhysicalOccupancyPercentage>0.95</mostRecentPhysicalOccupancyPercentage>
      <propertyStatusCode>6</propertyStatusCode>
      <defeasanceOptionStartDate>05-07-2027</defeasanceOptionStartDate>
      <DefeasedStatusCode>N</DefeasedStatusCode>
      <largestTenant>Delta Airlines</largestTenant>
      <squareFeetLargestTenantNumber>85539</squareFeetLargestTenantNumber>
      <leaseExpirationLargestTenantDate>03-31-2032</leaseExpirationLargestTenantDate>
      <secondLargestTenant>Forward Air  Inc.</secondLargestTenant>
      <squareFeetSecondLargestTenantNumber>62216</squareFeetSecondLargestTenantNumber>
      <leaseExpirationSecondLargestTenantDate>01-31-2032</leaseExpirationSecondLargestTenantDate>
      <thirdLargestTenant>JETBLUE AIRWAYS CORPORATION</thirdLargestTenant>
      <squareFeetThirdLargestTenantNumber>31322</squareFeetThirdLargestTenantNumber>
      <leaseExpirationThirdLargestTenantDate>08-31-2028</leaseExpirationThirdLargestTenantDate>
      <financialsSecuritizationDate>12-31-2024</financialsSecuritizationDate>
      <mostRecentFinancialsStartDate>12-31-2024</mostRecentFinancialsStartDate>
      <mostRecentFinancialsEndDate>12-31-2025</mostRecentFinancialsEndDate>
      <revenueSecuritizationAmount>15488511.45</revenueSecuritizationAmount>
      <mostRecentRevenueAmount>5334904.00</mostRecentRevenueAmount>
      <operatingExpensesSecuritizationAmount>4571059.34</operatingExpensesSecuritizationAmount>
      <operatingExpensesAmount>2077344.66</operatingExpensesAmount>
      <netOperatingIncomeSecuritizationAmount>10917452.11</netOperatingIncomeSecuritizationAmount>
      <mostRecentNetOperatingIncomeAmount>3257559.34</mostRecentNetOperatingIncomeAmount>
      <netCashFlowFlowSecuritizationAmount>10597424.11</netCashFlowFlowSecuritizationAmount>
      <mostRecentNetCashFlowAmount>2937531.34</mostRecentNetCashFlowAmount>
      <netOperatingIncomeNetCashFlowSecuritizationCode>UW</netOperatingIncomeNetCashFlowSecuritizationCode>
      <netOperatingIncomeNetCashFlowCode>CREFC</netOperatingIncomeNetCashFlowCode>
      <mostRecentDebtServiceAmount>8395000.00</mostRecentDebtServiceAmount>
      <debtServiceCoverageNetOperatingIncomeSecuritizationPercentage>1.30</debtServiceCoverageNetOperatingIncomeSecuritizationPercentage>
      <mostRecentDebtServiceCoverageNetOperatingIncomePercentage>0.388</mostRecentDebtServiceCoverageNetOperatingIncomePercentage>
      <debtServiceCoverageNetCashFlowSecuritizationPercentage>1.26</debtServiceCoverageNetCashFlowSecuritizationPercentage>
      <mostRecentDebtServiceCoverageNetCashFlowpercentage>0.3499</mostRecentDebtServiceCoverageNetCashFlowpercentage>
      <debtServiceCoverageSecuritizationCode>F</debtServiceCoverageSecuritizationCode>
      <mostRecentDebtServiceCoverageCode>F</mostRecentDebtServiceCoverageCode>
      <mostRecentAnnualLeaseRolloverReviewDate>12-31-2025</mostRecentAnnualLeaseRolloverReviewDate>
    </property>
    <assetAddedIndicator>false</assetAddedIndicator>
    <reportPeriodModificationIndicator>false</reportPeriodModificationIndicator>
    <reportPeriodBeginningScheduleLoanBalanceAmount>10000000.00</reportPeriodBeginningScheduleLoanBalanceAmount>
    <totalScheduledPrincipalInterestDueAmount>59416.67</totalScheduledPrincipalInterestDueAmount>
    <reportPeriodInterestRatePercentage>0.069</reportPeriodInterestRatePercentage>
    <servicerTrusteeFeeRatePercentage>0.0001791</servicerTrusteeFeeRatePercentage>
    <scheduledInterestAmount>59416.67</scheduledInterestAmount>
    <scheduledPrincipalAmount>0.00</scheduledPrincipalAmount>
    <unscheduledPrincipalCollectedAmount>0.00</unscheduledPrincipalCollectedAmount>
    <reportPeriodEndActualBalanceAmount>10000000.00</reportPeriodEndActualBalanceAmount>
    <reportPeriodEndScheduledLoanBalanceAmount>10000000.00</reportPeriodEndScheduledLoanBalanceAmount>
    <paidThroughDate>06-07-2026</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>15B</assetNumber>
    <reportingPeriodBeginningDate>05-12-2026</reportingPeriodBeginningDate>
    <reportingPeriodEndDate>06-11-2026</reportingPeriodEndDate>
    <originatorName>MSBNA</originatorName>
    <originationDate>02-27-2025</originationDate>
    <originalLoanAmount>10000000.00</originalLoanAmount>
    <originalTermLoanNumber>60</originalTermLoanNumber>
    <maturityDate>03-07-2030</maturityDate>
    <originalInterestRatePercentage>0.069</originalInterestRatePercentage>
    <interestRateSecuritizationPercentage>0.069</interestRateSecuritizationPercentage>
    <interestAccrualMethodCode>3</interestAccrualMethodCode>
    <originalInterestRateTypeCode>1</originalInterestRateTypeCode>
    <originalInterestOnlyTermNumber>60</originalInterestOnlyTermNumber>
    <firstLoanPaymentDueDate>04-07-2025</firstLoanPaymentDueDate>
    <lienPositionSecuritizationCode>1</lienPositionSecuritizationCode>
    <loanStructureCode>PP</loanStructureCode>
    <paymentTypeCode>3</paymentTypeCode>
    <scheduledPrincipalBalanceSecuritizationAmount>10000000.00</scheduledPrincipalBalanceSecuritizationAmount>
    <paymentFrequencyCode>1</paymentFrequencyCode>
    <graceDaysAllowedNumber>0</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>59416.67</totalScheduledPrincipalInterestDueAmount>
    <reportPeriodInterestRatePercentage>0.069</reportPeriodInterestRatePercentage>
    <servicerTrusteeFeeRatePercentage>0.0001791</servicerTrusteeFeeRatePercentage>
    <scheduledInterestAmount>59416.67</scheduledInterestAmount>
    <scheduledPrincipalAmount>0.00</scheduledPrincipalAmount>
    <unscheduledPrincipalCollectedAmount>0.00</unscheduledPrincipalCollectedAmount>
    <reportPeriodEndActualBalanceAmount>10000000.00</reportPeriodEndActualBalanceAmount>
    <reportPeriodEndScheduledLoanBalanceAmount>10000000.00</reportPeriodEndScheduledLoanBalanceAmount>
    <paidThroughDate>06-07-2026</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>15A</assetNumber>
    <reportingPeriodBeginningDate>05-12-2026</reportingPeriodBeginningDate>
    <reportingPeriodEndDate>06-11-2026</reportingPeriodEndDate>
    <originatorName>MSBNA</originatorName>
    <originationDate>02-27-2025</originationDate>
    <originalLoanAmount>10000000.00</originalLoanAmount>
    <originalTermLoanNumber>60</originalTermLoanNumber>
    <maturityDate>03-07-2030</maturityDate>
    <originalInterestRatePercentage>0.069</originalInterestRatePercentage>
    <interestRateSecuritizationPercentage>0.069</interestRateSecuritizationPercentage>
    <interestAccrualMethodCode>3</interestAccrualMethodCode>
    <originalInterestRateTypeCode>1</originalInterestRateTypeCode>
    <originalInterestOnlyTermNumber>60</originalInterestOnlyTermNumber>
    <firstLoanPaymentDueDate>04-07-2025</firstLoanPaymentDueDate>
    <lienPositionSecuritizationCode>1</lienPositionSecuritizationCode>
    <loanStructureCode>PP</loanStructureCode>
    <paymentTypeCode>3</paymentTypeCode>
    <scheduledPrincipalBalanceSecuritizationAmount>10000000.00</scheduledPrincipalBalanceSecuritizationAmount>
    <paymentFrequencyCode>1</paymentFrequencyCode>
    <graceDaysAllowedNumber>0</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>59416.67</totalScheduledPrincipalInterestDueAmount>
    <reportPeriodInterestRatePercentage>0.069</reportPeriodInterestRatePercentage>
    <servicerTrusteeFeeRatePercentage>0.0001791</servicerTrusteeFeeRatePercentage>
    <scheduledInterestAmount>59416.67</scheduledInterestAmount>
    <scheduledPrincipalAmount>0.00</scheduledPrincipalAmount>
    <unscheduledPrincipalCollectedAmount>0.00</unscheduledPrincipalCollectedAmount>
    <reportPeriodEndActualBalanceAmount>10000000.00</reportPeriodEndActualBalanceAmount>
    <reportPeriodEndScheduledLoanBalanceAmount>10000000.00</reportPeriodEndScheduledLoanBalanceAmount>
    <paidThroughDate>06-07-2026</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</assetNumber>
    <reportingPeriodBeginningDate>05-12-2026</reportingPeriodBeginningDate>
    <reportingPeriodEndDate>06-11-2026</reportingPeriodEndDate>
    <originatorName>BANA</originatorName>
    <originationDate>10-22-2024</originationDate>
    <originalLoanAmount>25000000.00</originalLoanAmount>
    <originalTermLoanNumber>60</originalTermLoanNumber>
    <maturityDate>11-06-2029</maturityDate>
    <originalInterestRatePercentage>0.06827</originalInterestRatePercentage>
    <interestRateSecuritizationPercentage>0.06827</interestRateSecuritizationPercentage>
    <interestAccrualMethodCode>3</interestAccrualMethodCode>
    <originalInterestRateTypeCode>1</originalInterestRateTypeCode>
    <originalInterestOnlyTermNumber>60</originalInterestOnlyTermNumber>
    <firstLoanPaymentDueDate>12-06-2024</firstLoanPaymentDueDate>
    <underwritingIndicator>true</underwritingIndicator>
    <lienPositionSecuritizationCode>1</lienPositionSecuritizationCode>
    <loanStructureCode>PP</loanStructureCode>
    <paymentTypeCode>3</paymentTypeCode>
    <periodicPrincipalAndInterestPaymentSecuritizationAmount>146970.14</periodicPrincipalAndInterestPaymentSecuritizationAmount>
    <scheduledPrincipalBalanceSecuritizationAmount>25000000.00</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>11-05-2026</prepaymentLockOutEndDate>
    <yieldMaintenanceEndDate>05-05-2029</yieldMaintenanceEndDate>
    <prepaymentPremiumsEndDate>05-05-2029</prepaymentPremiumsEndDate>
    <property>
      <propertyName>GATEWAY CENTER NORTH</propertyName>
      <propertyAddress>501 GATEWAY DRIVE</propertyAddress>
      <propertyCity>Brooklyn</propertyCity>
      <propertyState>NY</propertyState>
      <propertyZip>11217</propertyZip>
      <propertyCounty>Kings</propertyCounty>
      <propertyTypeCode>RT</propertyTypeCode>
      <netRentableSquareFeetNumber>601212</netRentableSquareFeetNumber>
      <netRentableSquareFeetSecuritizationNumber>601212</netRentableSquareFeetSecuritizationNumber>
      <yearBuiltNumber>2014</yearBuiltNumber>
      <valuationSecuritizationAmount>443000000.00</valuationSecuritizationAmount>
      <valuationSourceSecuritizationCode>MAI</valuationSourceSecuritizationCode>
      <valuationSecuritizationDate>09-06-2024</valuationSecuritizationDate>
      <physicalOccupancySecuritizationPercentage>0.96</physicalOccupancySecuritizationPercentage>
      <mostRecentPhysicalOccupancyPercentage>1</mostRecentPhysicalOccupancyPercentage>
      <propertyStatusCode>6</propertyStatusCode>
      <defeasanceOptionStartDate>05-06-2027</defeasanceOptionStartDate>
      <DefeasedStatusCode>N</DefeasedStatusCode>
      <largestTenant>JC Penney Company</largestTenant>
      <squareFeetLargestTenantNumber>122473</squareFeetLargestTenantNumber>
      <leaseExpirationLargestTenantDate>08-31-2034</leaseExpirationLargestTenantDate>
      <secondLargestTenant>Shop Rite</secondLargestTenant>
      <squareFeetSecondLargestTenantNumber>89774</squareFeetSecondLargestTenantNumber>
      <leaseExpirationSecondLargestTenantDate>10-31-2034</leaseExpirationSecondLargestTenantDate>
      <thirdLargestTenant>Burlington Coat Factory</thirdLargestTenant>
      <squareFeetThirdLargestTenantNumber>73864</squareFeetThirdLargestTenantNumber>
      <leaseExpirationThirdLargestTenantDate>02-28-2030</leaseExpirationThirdLargestTenantDate>
      <financialsSecuritizationDate>08-31-2024</financialsSecuritizationDate>
      <mostRecentFinancialsStartDate>01-01-2026</mostRecentFinancialsStartDate>
      <mostRecentFinancialsEndDate>03-31-2026</mostRecentFinancialsEndDate>
      <revenueSecuritizationAmount>35640597.02</revenueSecuritizationAmount>
      <mostRecentRevenueAmount>9826459.00</mostRecentRevenueAmount>
      <operatingExpensesSecuritizationAmount>10159121.61</operatingExpensesSecuritizationAmount>
      <operatingExpensesAmount>3155275.63</operatingExpensesAmount>
      <netOperatingIncomeSecuritizationAmount>25481475.42</netOperatingIncomeSecuritizationAmount>
      <mostRecentNetOperatingIncomeAmount>6671183.37</mostRecentNetOperatingIncomeAmount>
      <netCashFlowFlowSecuritizationAmount>24931002.62</netCashFlowFlowSecuritizationAmount>
      <mostRecentNetCashFlowAmount>6533565.17</mostRecentNetCashFlowAmount>
      <netOperatingIncomeNetCashFlowSecuritizationCode>UW</netOperatingIncomeNetCashFlowSecuritizationCode>
      <netOperatingIncomeNetCashFlowCode>CREFC</netOperatingIncomeNetCashFlowCode>
      <mostRecentDebtServiceAmount>5120250.00</mostRecentDebtServiceAmount>
      <debtServiceCoverageNetOperatingIncomeSecuritizationPercentage>1.23</debtServiceCoverageNetOperatingIncomeSecuritizationPercentage>
      <mostRecentDebtServiceCoverageNetOperatingIncomePercentage>1.3029</mostRecentDebtServiceCoverageNetOperatingIncomePercentage>
      <debtServiceCoverageNetCashFlowSecuritizationPercentage>1.20</debtServiceCoverageNetCashFlowSecuritizationPercentage>
      <mostRecentDebtServiceCoverageNetCashFlowpercentage>1.276</mostRecentDebtServiceCoverageNetCashFlowpercentage>
      <debtServiceCoverageSecuritizationCode>F</debtServiceCoverageSecuritizationCode>
      <mostRecentDebtServiceCoverageCode>F</mostRecentDebtServiceCoverageCode>
      <mostRecentAnnualLeaseRolloverReviewDate>03-31-2026</mostRecentAnnualLeaseRolloverReviewDate>
    </property>
    <assetAddedIndicator>false</assetAddedIndicator>
    <reportPeriodModificationIndicator>false</reportPeriodModificationIndicator>
    <reportPeriodBeginningScheduleLoanBalanceAmount>25000000.00</reportPeriodBeginningScheduleLoanBalanceAmount>
    <totalScheduledPrincipalInterestDueAmount>146970.14</totalScheduledPrincipalInterestDueAmount>
    <reportPeriodInterestRatePercentage>0.06827</reportPeriodInterestRatePercentage>
    <servicerTrusteeFeeRatePercentage>0.0001791</servicerTrusteeFeeRatePercentage>
    <scheduledInterestAmount>146970.14</scheduledInterestAmount>
    <scheduledPrincipalAmount>0.00</scheduledPrincipalAmount>
    <unscheduledPrincipalCollectedAmount>0.00</unscheduledPrincipalCollectedAmount>
    <reportPeriodEndActualBalanceAmount>25000000.00</reportPeriodEndActualBalanceAmount>
    <reportPeriodEndScheduledLoanBalanceAmount>25000000.00</reportPeriodEndScheduledLoanBalanceAmount>
    <paidThroughDate>06-06-2026</paidThroughDate>
    <servicingAdvanceMethodCode>1</servicingAdvanceMethodCode>
    <nonRecoverabilityIndicator>false</nonRecoverabilityIndicator>
    <totalPrincipalInterestAdvancedOutstandingAmount>0</totalPrincipalInterestAdvancedOutstandingAmount>
    <totalTaxesInsuranceAdvancesOutstandingAmount>0</totalTaxesInsuranceAdvancesOutstandingAmount>
    <otherExpensesAdvancedOutstandingAmount>0</otherExpensesAdvancedOutstandingAmount>
    <paymentStatusLoanCode>0</paymentStatusLoanCode>
    <nextInterestRatePercentage>0</nextInterestRatePercentage>
    <primaryServicerName>Trimont LLC</primaryServicerName>
    <assetSubjectDemandIndicator>false</assetSubjectDemandIndicator>
  </assets>
  <assets>
    <assetTypeNumber>Prospectus Loan ID</assetTypeNumber>
    <assetNumber>17</assetNumber>
    <reportingPeriodBeginningDate>05-12-2026</reportingPeriodBeginningDate>
    <reportingPeriodEndDate>06-11-2026</reportingPeriodEndDate>
    <originatorName>WFB</originatorName>
    <originationDate>03-14-2025</originationDate>
    <originalLoanAmount>24000000.00</originalLoanAmount>
    <originalTermLoanNumber>60</originalTermLoanNumber>
    <maturityDate>04-11-2030</maturityDate>
    <originalAmortizationTermNumber>300</originalAmortizationTermNumber>
    <originalInterestRatePercentage>0.06659</originalInterestRatePercentage>
    <interestRateSecuritizationPercentage>0.06659</interestRateSecuritizationPercentage>
    <interestAccrualMethodCode>3</interestAccrualMethodCode>
    <originalInterestRateTypeCode>1</originalInterestRateTypeCode>
    <firstLoanPaymentDueDate>05-11-2025</firstLoanPaymentDueDate>
    <underwritingIndicator>true</underwritingIndicator>
    <lienPositionSecuritizationCode>1</lienPositionSecuritizationCode>
    <loanStructureCode>WL</loanStructureCode>
    <paymentTypeCode>2</paymentTypeCode>
    <periodicPrincipalAndInterestPaymentSecuritizationAmount>0.00</periodicPrincipalAndInterestPaymentSecuritizationAmount>
    <scheduledPrincipalBalanceSecuritizationAmount>24000000.00</scheduledPrincipalBalanceSecuritizationAmount>
    <paymentFrequencyCode>1</paymentFrequencyCode>
    <NumberPropertiesSecuritization>1</NumberPropertiesSecuritization>
    <NumberProperties>1</NumberProperties>
    <graceDaysAllowedNumber>0</graceDaysAllowedNumber>
    <interestOnlyIndicator>false</interestOnlyIndicator>
    <balloonIndicator>true</balloonIndicator>
    <prepaymentPremiumIndicator>false</prepaymentPremiumIndicator>
    <negativeAmortizationIndicator>false</negativeAmortizationIndicator>
    <modifiedIndicator>false</modifiedIndicator>
    <prepaymentLockOutEndDate>10-10-2029</prepaymentLockOutEndDate>
    <property>
      <propertyName>BOUDIN AT THE WHARF</propertyName>
      <propertyAddress>160 JEFFERSON STREET</propertyAddress>
      <propertyCity>San Francisco</propertyCity>
      <propertyState>CA</propertyState>
      <propertyZip>94133</propertyZip>
      <propertyCounty>San Francisco</propertyCounty>
      <propertyTypeCode>RT</propertyTypeCode>
      <netRentableSquareFeetNumber>28177</netRentableSquareFeetNumber>
      <netRentableSquareFeetSecuritizationNumber>28177</netRentableSquareFeetSecuritizationNumber>
      <yearBuiltNumber>2005</yearBuiltNumber>
      <valuationSecuritizationAmount>53100000.00</valuationSecuritizationAmount>
      <valuationSourceSecuritizationCode>MAI</valuationSourceSecuritizationCode>
      <valuationSecuritizationDate>10-29-2024</valuationSecuritizationDate>
      <physicalOccupancySecuritizationPercentage>1</physicalOccupancySecuritizationPercentage>
      <mostRecentPhysicalOccupancyPercentage>1</mostRecentPhysicalOccupancyPercentage>
      <propertyStatusCode>6</propertyStatusCode>
      <defeasanceOptionStartDate>05-11-2027</defeasanceOptionStartDate>
      <DefeasedStatusCode>N</DefeasedStatusCode>
      <largestTenant>Boudin Properties  Inc.</largestTenant>
      <squareFeetLargestTenantNumber>28177</squareFeetLargestTenantNumber>
      <leaseExpirationLargestTenantDate>05-31-2045</leaseExpirationLargestTenantDate>
      <financialsSecuritizationDate>09-30-2024</financialsSecuritizationDate>
      <mostRecentFinancialsStartDate>01-01-2026</mostRecentFinancialsStartDate>
      <mostRecentFinancialsEndDate>03-31-2026</mostRecentFinancialsEndDate>
      <revenueSecuritizationAmount>5816506.44</revenueSecuritizationAmount>
      <mostRecentRevenueAmount>1338023.00</mostRecentRevenueAmount>
      <operatingExpensesSecuritizationAmount>2652285.98</operatingExpensesSecuritizationAmount>
      <operatingExpensesAmount>516413.19</operatingExpensesAmount>
      <netOperatingIncomeSecuritizationAmount>3164220.47</netOperatingIncomeSecuritizationAmount>
      <mostRecentNetOperatingIncomeAmount>821609.81</mostRecentNetOperatingIncomeAmount>
      <netCashFlowFlowSecuritizationAmount>3121954.97</netCashFlowFlowSecuritizationAmount>
      <mostRecentNetCashFlowAmount>811043.43</mostRecentNetCashFlowAmount>
      <netOperatingIncomeNetCashFlowSecuritizationCode>UW</netOperatingIncomeNetCashFlowSecuritizationCode>
      <netOperatingIncomeNetCashFlowCode>CREFC</netOperatingIncomeNetCashFlowCode>
      <mostRecentDebtServiceAmount>493326.75</mostRecentDebtServiceAmount>
      <debtServiceCoverageNetOperatingIncomeSecuritizationPercentage>1.60</debtServiceCoverageNetOperatingIncomeSecuritizationPercentage>
      <mostRecentDebtServiceCoverageNetOperatingIncomePercentage>1.6654</mostRecentDebtServiceCoverageNetOperatingIncomePercentage>
      <debtServiceCoverageNetCashFlowSecuritizationPercentage>1.58</debtServiceCoverageNetCashFlowSecuritizationPercentage>
      <mostRecentDebtServiceCoverageNetCashFlowpercentage>1.644</mostRecentDebtServiceCoverageNetCashFlowpercentage>
      <debtServiceCoverageSecuritizationCode>F</debtServiceCoverageSecuritizationCode>
      <mostRecentDebtServiceCoverageCode>F</mostRecentDebtServiceCoverageCode>
      <mostRecentAnnualLeaseRolloverReviewDate>03-31-2026</mostRecentAnnualLeaseRolloverReviewDate>
    </property>
    <assetAddedIndicator>false</assetAddedIndicator>
    <reportPeriodModificationIndicator>false</reportPeriodModificationIndicator>
    <reportPeriodBeginningScheduleLoanBalanceAmount>23602805.18</reportPeriodBeginningScheduleLoanBalanceAmount>
    <totalScheduledPrincipalInterestDueAmount>164442.25</totalScheduledPrincipalInterestDueAmount>
    <reportPeriodInterestRatePercentage>0.06659</reportPeriodInterestRatePercentage>
    <servicerTrusteeFeeRatePercentage>0.0003791</servicerTrusteeFeeRatePercentage>
    <scheduledInterestAmount>135341.76</scheduledInterestAmount>
    <scheduledPrincipalAmount>29100.49</scheduledPrincipalAmount>
    <unscheduledPrincipalCollectedAmount>0.00</unscheduledPrincipalCollectedAmount>
    <reportPeriodEndActualBalanceAmount>23573704.69</reportPeriodEndActualBalanceAmount>
    <reportPeriodEndScheduledLoanBalanceAmount>23573704.69</reportPeriodEndScheduledLoanBalanceAmount>
    <paidThroughDate>06-11-2026</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>18</assetNumber>
    <reportingPeriodBeginningDate>05-12-2026</reportingPeriodBeginningDate>
    <reportingPeriodEndDate>06-11-2026</reportingPeriodEndDate>
    <originatorName>MSBNA</originatorName>
    <originationDate>02-20-2025</originationDate>
    <originalLoanAmount>22000000.00</originalLoanAmount>
    <originalTermLoanNumber>60</originalTermLoanNumber>
    <maturityDate>03-01-2030</maturityDate>
    <originalInterestRatePercentage>0.0682</originalInterestRatePercentage>
    <interestRateSecuritizationPercentage>0.0682</interestRateSecuritizationPercentage>
    <interestAccrualMethodCode>3</interestAccrualMethodCode>
    <originalInterestRateTypeCode>1</originalInterestRateTypeCode>
    <originalInterestOnlyTermNumber>60</originalInterestOnlyTermNumber>
    <firstLoanPaymentDueDate>04-01-2025</firstLoanPaymentDueDate>
    <underwritingIndicator>true</underwritingIndicator>
    <lienPositionSecuritizationCode>1</lienPositionSecuritizationCode>
    <loanStructureCode>PP</loanStructureCode>
    <paymentTypeCode>3</paymentTypeCode>
    <periodicPrincipalAndInterestPaymentSecuritizationAmount>129201.11</periodicPrincipalAndInterestPaymentSecuritizationAmount>
    <scheduledPrincipalBalanceSecuritizationAmount>22000000.00</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>08-31-2029</prepaymentLockOutEndDate>
    <property>
      <propertyName>PROSPER SOUTH BEND APARTMENTS</propertyName>
      <propertyAddress>3001 EAST JEFFERSON BOULEVARD</propertyAddress>
      <propertyCity>South Bend</propertyCity>
      <propertyState>IN</propertyState>
      <propertyZip>46615</propertyZip>
      <propertyCounty>St. Joseph</propertyCounty>
      <propertyTypeCode>MF</propertyTypeCode>
      <unitsBedsRoomsNumber>710</unitsBedsRoomsNumber>
      <unitsBedsRoomsSecuritizationNumber>710</unitsBedsRoomsSecuritizationNumber>
      <yearBuiltNumber>1968</yearBuiltNumber>
      <yearLastRenovated>2022</yearLastRenovated>
      <valuationSecuritizationAmount>94000000.00</valuationSecuritizationAmount>
      <valuationSourceSecuritizationCode>MAI</valuationSourceSecuritizationCode>
      <valuationSecuritizationDate>12-09-2024</valuationSecuritizationDate>
      <physicalOccupancySecuritizationPercentage>0.93</physicalOccupancySecuritizationPercentage>
      <propertyStatusCode>6</propertyStatusCode>
      <defeasanceOptionStartDate>05-01-2027</defeasanceOptionStartDate>
      <DefeasedStatusCode>N</DefeasedStatusCode>
      <financialsSecuritizationDate>11-30-2024</financialsSecuritizationDate>
      <revenueSecuritizationAmount>8870702.19</revenueSecuritizationAmount>
      <operatingExpensesSecuritizationAmount>2943881.65</operatingExpensesSecuritizationAmount>
      <netOperatingIncomeSecuritizationAmount>5926820.53</netOperatingIncomeSecuritizationAmount>
      <netCashFlowFlowSecuritizationAmount>5749320.53</netCashFlowFlowSecuritizationAmount>
      <netOperatingIncomeNetCashFlowSecuritizationCode>UW</netOperatingIncomeNetCashFlowSecuritizationCode>
      <netOperatingIncomeNetCashFlowCode>CREFC</netOperatingIncomeNetCashFlowCode>
      <debtServiceCoverageNetOperatingIncomeSecuritizationPercentage>1.32</debtServiceCoverageNetOperatingIncomeSecuritizationPercentage>
      <debtServiceCoverageNetCashFlowSecuritizationPercentage>1.28</debtServiceCoverageNetCashFlowSecuritizationPercentage>
      <debtServiceCoverageSecuritizationCode>F</debtServiceCoverageSecuritizationCode>
    </property>
    <assetAddedIndicator>false</assetAddedIndicator>
    <reportPeriodModificationIndicator>false</reportPeriodModificationIndicator>
    <reportPeriodBeginningScheduleLoanBalanceAmount>22000000.00</reportPeriodBeginningScheduleLoanBalanceAmount>
    <totalScheduledPrincipalInterestDueAmount>129201.11</totalScheduledPrincipalInterestDueAmount>
    <reportPeriodInterestRatePercentage>0.0682</reportPeriodInterestRatePercentage>
    <servicerTrusteeFeeRatePercentage>0.0001791</servicerTrusteeFeeRatePercentage>
    <scheduledInterestAmount>129201.11</scheduledInterestAmount>
    <scheduledPrincipalAmount>0.00</scheduledPrincipalAmount>
    <unscheduledPrincipalCollectedAmount>0.00</unscheduledPrincipalCollectedAmount>
    <reportPeriodEndActualBalanceAmount>22000000.00</reportPeriodEndActualBalanceAmount>
    <reportPeriodEndScheduledLoanBalanceAmount>22000000.00</reportPeriodEndScheduledLoanBalanceAmount>
    <paidThroughDate>06-01-2026</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>19</assetNumber>
    <reportingPeriodBeginningDate>05-12-2026</reportingPeriodBeginningDate>
    <reportingPeriodEndDate>06-11-2026</reportingPeriodEndDate>
    <originatorName>BANA</originatorName>
    <originationDate>02-20-2025</originationDate>
    <originalLoanAmount>17150000.00</originalLoanAmount>
    <originalTermLoanNumber>60</originalTermLoanNumber>
    <maturityDate>03-01-2030</maturityDate>
    <originalInterestRatePercentage>0.07516</originalInterestRatePercentage>
    <interestRateSecuritizationPercentage>0.07516</interestRateSecuritizationPercentage>
    <interestAccrualMethodCode>3</interestAccrualMethodCode>
    <originalInterestRateTypeCode>1</originalInterestRateTypeCode>
    <originalInterestOnlyTermNumber>60</originalInterestOnlyTermNumber>
    <firstLoanPaymentDueDate>04-01-2025</firstLoanPaymentDueDate>
    <underwritingIndicator>true</underwritingIndicator>
    <lienPositionSecuritizationCode>1</lienPositionSecuritizationCode>
    <loanStructureCode>WL</loanStructureCode>
    <paymentTypeCode>3</paymentTypeCode>
    <periodicPrincipalAndInterestPaymentSecuritizationAmount>110996.71</periodicPrincipalAndInterestPaymentSecuritizationAmount>
    <scheduledPrincipalBalanceSecuritizationAmount>17150000.00</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>08-31-2029</prepaymentLockOutEndDate>
    <property>
      <propertyName>MARRIOTT DUAL BRAND ALTOONA</propertyName>
      <propertyAddress>2915 PLEASANT VALLEY BOULEVARD</propertyAddress>
      <propertyCity>Altoona</propertyCity>
      <propertyState>PA</propertyState>
      <propertyZip>16602</propertyZip>
      <propertyCounty>Blair</propertyCounty>
      <propertyTypeCode>LO</propertyTypeCode>
      <unitsBedsRoomsNumber>197</unitsBedsRoomsNumber>
      <unitsBedsRoomsSecuritizationNumber>197</unitsBedsRoomsSecuritizationNumber>
      <yearBuiltNumber>2017</yearBuiltNumber>
      <valuationSecuritizationAmount>26800000.00</valuationSecuritizationAmount>
      <valuationSourceSecuritizationCode>MAI</valuationSourceSecuritizationCode>
      <valuationSecuritizationDate>01-07-2025</valuationSecuritizationDate>
      <physicalOccupancySecuritizationPercentage>0.68</physicalOccupancySecuritizationPercentage>
      <mostRecentPhysicalOccupancyPercentage>0.78</mostRecentPhysicalOccupancyPercentage>
      <propertyStatusCode>6</propertyStatusCode>
      <defeasanceOptionStartDate>05-01-2027</defeasanceOptionStartDate>
      <DefeasedStatusCode>N</DefeasedStatusCode>
      <financialsSecuritizationDate>12-31-2024</financialsSecuritizationDate>
      <mostRecentFinancialsStartDate>01-01-2026</mostRecentFinancialsStartDate>
      <mostRecentFinancialsEndDate>03-31-2026</mostRecentFinancialsEndDate>
      <revenueSecuritizationAmount>6543261.00</revenueSecuritizationAmount>
      <mostRecentRevenueAmount>7884435.00</mostRecentRevenueAmount>
      <operatingExpensesSecuritizationAmount>3887198.83</operatingExpensesSecuritizationAmount>
      <operatingExpensesAmount>4659484.00</operatingExpensesAmount>
      <netOperatingIncomeSecuritizationAmount>2656062.17</netOperatingIncomeSecuritizationAmount>
      <mostRecentNetOperatingIncomeAmount>3224951.00</mostRecentNetOperatingIncomeAmount>
      <netCashFlowFlowSecuritizationAmount>2394331.73</netCashFlowFlowSecuritizationAmount>
      <mostRecentNetCashFlowAmount>2909573.60</mostRecentNetCashFlowAmount>
      <netOperatingIncomeNetCashFlowSecuritizationCode>UW</netOperatingIncomeNetCashFlowSecuritizationCode>
      <netOperatingIncomeNetCashFlowCode>CREFC</netOperatingIncomeNetCashFlowCode>
      <mostRecentDebtServiceAmount>1306897.00</mostRecentDebtServiceAmount>
      <debtServiceCoverageNetOperatingIncomeSecuritizationPercentage>2.03</debtServiceCoverageNetOperatingIncomeSecuritizationPercentage>
      <mostRecentDebtServiceCoverageNetOperatingIncomePercentage>2.4676</mostRecentDebtServiceCoverageNetOperatingIncomePercentage>
      <debtServiceCoverageNetCashFlowSecuritizationPercentage>1.83</debtServiceCoverageNetCashFlowSecuritizationPercentage>
      <mostRecentDebtServiceCoverageNetCashFlowpercentage>2.2263</mostRecentDebtServiceCoverageNetCashFlowpercentage>
      <debtServiceCoverageSecuritizationCode>F</debtServiceCoverageSecuritizationCode>
      <mostRecentDebtServiceCoverageCode>F</mostRecentDebtServiceCoverageCode>
    </property>
    <assetAddedIndicator>false</assetAddedIndicator>
    <reportPeriodModificationIndicator>false</reportPeriodModificationIndicator>
    <reportPeriodBeginningScheduleLoanBalanceAmount>17150000.00</reportPeriodBeginningScheduleLoanBalanceAmount>
    <totalScheduledPrincipalInterestDueAmount>110996.71</totalScheduledPrincipalInterestDueAmount>
    <reportPeriodInterestRatePercentage>0.07516</reportPeriodInterestRatePercentage>
    <servicerTrusteeFeeRatePercentage>0.0006541</servicerTrusteeFeeRatePercentage>
    <scheduledInterestAmount>110996.71</scheduledInterestAmount>
    <scheduledPrincipalAmount>0.00</scheduledPrincipalAmount>
    <unscheduledPrincipalCollectedAmount>0.00</unscheduledPrincipalCollectedAmount>
    <reportPeriodEndActualBalanceAmount>17150000.00</reportPeriodEndActualBalanceAmount>
    <reportPeriodEndScheduledLoanBalanceAmount>17150000.00</reportPeriodEndScheduledLoanBalanceAmount>
    <paidThroughDate>06-01-2026</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>05-12-2026</reportingPeriodBeginningDate>
    <reportingPeriodEndDate>06-11-2026</reportingPeriodEndDate>
    <originatorName>MSBNA</originatorName>
    <originationDate>03-12-2025</originationDate>
    <originalLoanAmount>14500000.00</originalLoanAmount>
    <originalTermLoanNumber>60</originalTermLoanNumber>
    <maturityDate>04-01-2030</maturityDate>
    <originalAmortizationTermNumber>360</originalAmortizationTermNumber>
    <originalInterestRatePercentage>0.08053</originalInterestRatePercentage>
    <interestRateSecuritizationPercentage>0.08053</interestRateSecuritizationPercentage>
    <interestAccrualMethodCode>3</interestAccrualMethodCode>
    <originalInterestRateTypeCode>1</originalInterestRateTypeCode>
    <originalInterestOnlyTermNumber>24</originalInterestOnlyTermNumber>
    <firstLoanPaymentDueDate>05-01-2025</firstLoanPaymentDueDate>
    <underwritingIndicator>true</underwritingIndicator>
    <lienPositionSecuritizationCode>1</lienPositionSecuritizationCode>
    <loanStructureCode>WL</loanStructureCode>
    <paymentTypeCode>5</paymentTypeCode>
    <periodicPrincipalAndInterestPaymentSecuritizationAmount>0.00</periodicPrincipalAndInterestPaymentSecuritizationAmount>
    <scheduledPrincipalBalanceSecuritizationAmount>14500000.00</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>MARRIOTT ROCHESTER AIRPORT</propertyName>
      <propertyAddress>1890 WEST RIDGE ROAD AND 100 FETZNER ROAD</propertyAddress>
      <propertyCity>Rochester</propertyCity>
      <propertyState>NY</propertyState>
      <propertyZip>14615</propertyZip>
      <propertyCounty>Monroe</propertyCounty>
      <propertyTypeCode>LO</propertyTypeCode>
      <unitsBedsRoomsNumber>210</unitsBedsRoomsNumber>
      <unitsBedsRoomsSecuritizationNumber>210</unitsBedsRoomsSecuritizationNumber>
      <yearBuiltNumber>1979</yearBuiltNumber>
      <yearLastRenovated>2014</yearLastRenovated>
      <valuationSecuritizationAmount>23000000.00</valuationSecuritizationAmount>
      <valuationSourceSecuritizationCode>MAI</valuationSourceSecuritizationCode>
      <valuationSecuritizationDate>10-22-2024</valuationSecuritizationDate>
      <physicalOccupancySecuritizationPercentage>0.65</physicalOccupancySecuritizationPercentage>
      <propertyStatusCode>6</propertyStatusCode>
      <defeasanceOptionStartDate>05-01-2027</defeasanceOptionStartDate>
      <DefeasedStatusCode>N</DefeasedStatusCode>
      <financialsSecuritizationDate>01-31-2025</financialsSecuritizationDate>
      <revenueSecuritizationAmount>7962367.00</revenueSecuritizationAmount>
      <operatingExpensesSecuritizationAmount>5639448.00</operatingExpensesSecuritizationAmount>
      <netOperatingIncomeSecuritizationAmount>2322919.00</netOperatingIncomeSecuritizationAmount>
      <netCashFlowFlowSecuritizationAmount>2004424.00</netCashFlowFlowSecuritizationAmount>
      <netOperatingIncomeNetCashFlowSecuritizationCode>UW</netOperatingIncomeNetCashFlowSecuritizationCode>
      <netOperatingIncomeNetCashFlowCode>CREFC</netOperatingIncomeNetCashFlowCode>
      <debtServiceCoverageNetOperatingIncomeSecuritizationPercentage>1.81</debtServiceCoverageNetOperatingIncomeSecuritizationPercentage>
      <debtServiceCoverageNetCashFlowSecuritizationPercentage>1.56</debtServiceCoverageNetCashFlowSecuritizationPercentage>
      <debtServiceCoverageSecuritizationCode>F</debtServiceCoverageSecuritizationCode>
    </property>
    <assetAddedIndicator>false</assetAddedIndicator>
    <reportPeriodModificationIndicator>false</reportPeriodModificationIndicator>
    <reportPeriodBeginningScheduleLoanBalanceAmount>14500000.00</reportPeriodBeginningScheduleLoanBalanceAmount>
    <totalScheduledPrincipalInterestDueAmount>100550.65</totalScheduledPrincipalInterestDueAmount>
    <reportPeriodInterestRatePercentage>0.08053</reportPeriodInterestRatePercentage>
    <servicerTrusteeFeeRatePercentage>0.0001791</servicerTrusteeFeeRatePercentage>
    <scheduledInterestAmount>100550.65</scheduledInterestAmount>
    <scheduledPrincipalAmount>0.00</scheduledPrincipalAmount>
    <unscheduledPrincipalCollectedAmount>0.00</unscheduledPrincipalCollectedAmount>
    <reportPeriodEndActualBalanceAmount>14500000.00</reportPeriodEndActualBalanceAmount>
    <reportPeriodEndScheduledLoanBalanceAmount>14500000.00</reportPeriodEndScheduledLoanBalanceAmount>
    <paidThroughDate>11-01-2025</paidThroughDate>
    <servicingAdvanceMethodCode>1</servicingAdvanceMethodCode>
    <nonRecoverabilityIndicator>false</nonRecoverabilityIndicator>
    <totalPrincipalInterestAdvancedOutstandingAmount>682344.4</totalPrincipalInterestAdvancedOutstandingAmount>
    <totalTaxesInsuranceAdvancesOutstandingAmount>0</totalTaxesInsuranceAdvancesOutstandingAmount>
    <otherExpensesAdvancedOutstandingAmount>5000</otherExpensesAdvancedOutstandingAmount>
    <paymentStatusLoanCode>3</paymentStatusLoanCode>
    <nextInterestRatePercentage>0</nextInterestRatePercentage>
    <primaryServicerName>Trimont LLC</primaryServicerName>
    <mostRecentSpecialServicerTransferDate>02-19-2026</mostRecentSpecialServicerTransferDate>
    <assetSubjectDemandIndicator>false</assetSubjectDemandIndicator>
    <workoutStrategyCode>13</workoutStrategyCode>
  </assets>
  <assets>
    <assetTypeNumber>Prospectus Loan ID</assetTypeNumber>
    <assetNumber>21</assetNumber>
    <reportingPeriodBeginningDate>05-12-2026</reportingPeriodBeginningDate>
    <reportingPeriodEndDate>06-11-2026</reportingPeriodEndDate>
    <originatorName>WFB</originatorName>
    <originationDate>03-11-2025</originationDate>
    <originalLoanAmount>12400000.00</originalLoanAmount>
    <originalTermLoanNumber>60</originalTermLoanNumber>
    <maturityDate>03-11-2030</maturityDate>
    <originalInterestRatePercentage>0.05925</originalInterestRatePercentage>
    <interestRateSecuritizationPercentage>0.05925</interestRateSecuritizationPercentage>
    <interestAccrualMethodCode>3</interestAccrualMethodCode>
    <originalInterestRateTypeCode>1</originalInterestRateTypeCode>
    <originalInterestOnlyTermNumber>60</originalInterestOnlyTermNumber>
    <firstLoanPaymentDueDate>04-11-2025</firstLoanPaymentDueDate>
    <underwritingIndicator>true</underwritingIndicator>
    <lienPositionSecuritizationCode>1</lienPositionSecuritizationCode>
    <loanStructureCode>WL</loanStructureCode>
    <paymentTypeCode>3</paymentTypeCode>
    <periodicPrincipalAndInterestPaymentSecuritizationAmount>63265.83</periodicPrincipalAndInterestPaymentSecuritizationAmount>
    <scheduledPrincipalBalanceSecuritizationAmount>12400000.00</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>12-10-2029</prepaymentLockOutEndDate>
    <property>
      <propertyName>SAN CLEMENTE SELF STORAGE</propertyName>
      <propertyAddress>170 AVENIDA LA PATA</propertyAddress>
      <propertyCity>San Clemente</propertyCity>
      <propertyState>CA</propertyState>
      <propertyZip>92673</propertyZip>
      <propertyCounty>Orange</propertyCounty>
      <propertyTypeCode>SS</propertyTypeCode>
      <netRentableSquareFeetNumber>78049</netRentableSquareFeetNumber>
      <netRentableSquareFeetSecuritizationNumber>78049</netRentableSquareFeetSecuritizationNumber>
      <unitsBedsRoomsNumber>708</unitsBedsRoomsNumber>
      <unitsBedsRoomsSecuritizationNumber>708</unitsBedsRoomsSecuritizationNumber>
      <yearBuiltNumber>1999</yearBuiltNumber>
      <valuationSecuritizationAmount>33200000.00</valuationSecuritizationAmount>
      <valuationSourceSecuritizationCode>MAI</valuationSourceSecuritizationCode>
      <valuationSecuritizationDate>01-17-2025</valuationSecuritizationDate>
      <physicalOccupancySecuritizationPercentage>0.98</physicalOccupancySecuritizationPercentage>
      <mostRecentPhysicalOccupancyPercentage>0.96</mostRecentPhysicalOccupancyPercentage>
      <propertyStatusCode>6</propertyStatusCode>
      <defeasanceOptionStartDate>05-11-2027</defeasanceOptionStartDate>
      <DefeasedStatusCode>N</DefeasedStatusCode>
      <financialsSecuritizationDate>01-31-2025</financialsSecuritizationDate>
      <mostRecentFinancialsStartDate>01-01-2026</mostRecentFinancialsStartDate>
      <mostRecentFinancialsEndDate>03-31-2026</mostRecentFinancialsEndDate>
      <revenueSecuritizationAmount>2354189.41</revenueSecuritizationAmount>
      <mostRecentRevenueAmount>628535.00</mostRecentRevenueAmount>
      <operatingExpensesSecuritizationAmount>560782.29</operatingExpensesSecuritizationAmount>
      <operatingExpensesAmount>157852.75</operatingExpensesAmount>
      <netOperatingIncomeSecuritizationAmount>1793407.12</netOperatingIncomeSecuritizationAmount>
      <mostRecentNetOperatingIncomeAmount>470682.25</mostRecentNetOperatingIncomeAmount>
      <netCashFlowFlowSecuritizationAmount>1785602.27</netCashFlowFlowSecuritizationAmount>
      <mostRecentNetCashFlowAmount>468731.04</mostRecentNetCashFlowAmount>
      <netOperatingIncomeNetCashFlowSecuritizationCode>UW</netOperatingIncomeNetCashFlowSecuritizationCode>
      <netOperatingIncomeNetCashFlowCode>CREFC</netOperatingIncomeNetCashFlowCode>
      <mostRecentDebtServiceAmount>183674.99</mostRecentDebtServiceAmount>
      <debtServiceCoverageNetOperatingIncomeSecuritizationPercentage>2.41</debtServiceCoverageNetOperatingIncomeSecuritizationPercentage>
      <mostRecentDebtServiceCoverageNetOperatingIncomePercentage>2.5625</mostRecentDebtServiceCoverageNetOperatingIncomePercentage>
      <debtServiceCoverageNetCashFlowSecuritizationPercentage>2.40</debtServiceCoverageNetCashFlowSecuritizationPercentage>
      <mostRecentDebtServiceCoverageNetCashFlowpercentage>2.5519</mostRecentDebtServiceCoverageNetCashFlowpercentage>
      <debtServiceCoverageSecuritizationCode>F</debtServiceCoverageSecuritizationCode>
      <mostRecentDebtServiceCoverageCode>F</mostRecentDebtServiceCoverageCode>
    </property>
    <assetAddedIndicator>false</assetAddedIndicator>
    <reportPeriodModificationIndicator>false</reportPeriodModificationIndicator>
    <reportPeriodBeginningScheduleLoanBalanceAmount>12400000.00</reportPeriodBeginningScheduleLoanBalanceAmount>
    <totalScheduledPrincipalInterestDueAmount>63265.83</totalScheduledPrincipalInterestDueAmount>
    <reportPeriodInterestRatePercentage>0.05925</reportPeriodInterestRatePercentage>
    <servicerTrusteeFeeRatePercentage>0.0001791</servicerTrusteeFeeRatePercentage>
    <scheduledInterestAmount>63265.83</scheduledInterestAmount>
    <scheduledPrincipalAmount>0.00</scheduledPrincipalAmount>
    <unscheduledPrincipalCollectedAmount>0.00</unscheduledPrincipalCollectedAmount>
    <reportPeriodEndActualBalanceAmount>12400000.00</reportPeriodEndActualBalanceAmount>
    <reportPeriodEndScheduledLoanBalanceAmount>12400000.00</reportPeriodEndScheduledLoanBalanceAmount>
    <paidThroughDate>06-11-2026</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>22</assetNumber>
    <reportingPeriodBeginningDate>05-12-2026</reportingPeriodBeginningDate>
    <reportingPeriodEndDate>06-11-2026</reportingPeriodEndDate>
    <originatorName>JPMCB</originatorName>
    <originationDate>02-27-2025</originationDate>
    <originalLoanAmount>9500000.00</originalLoanAmount>
    <originalTermLoanNumber>60</originalTermLoanNumber>
    <maturityDate>03-01-2030</maturityDate>
    <originalInterestRatePercentage>0.07517</originalInterestRatePercentage>
    <interestRateSecuritizationPercentage>0.07517</interestRateSecuritizationPercentage>
    <interestAccrualMethodCode>3</interestAccrualMethodCode>
    <originalInterestRateTypeCode>1</originalInterestRateTypeCode>
    <originalInterestOnlyTermNumber>60</originalInterestOnlyTermNumber>
    <firstLoanPaymentDueDate>04-01-2025</firstLoanPaymentDueDate>
    <underwritingIndicator>true</underwritingIndicator>
    <lienPositionSecuritizationCode>1</lienPositionSecuritizationCode>
    <loanStructureCode>WL</loanStructureCode>
    <paymentTypeCode>3</paymentTypeCode>
    <periodicPrincipalAndInterestPaymentSecuritizationAmount>61493.24</periodicPrincipalAndInterestPaymentSecuritizationAmount>
    <scheduledPrincipalBalanceSecuritizationAmount>9500000.00</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>09-30-2029</prepaymentLockOutEndDate>
    <property>
      <propertyName>LA PLAZA HUBBARD</propertyName>
      <propertyAddress>1812 - 1840 WEST HUBBARD STREET AND 1833 WEST GRAND AVENUE</propertyAddress>
      <propertyCity>Chicago</propertyCity>
      <propertyState>IL</propertyState>
      <propertyZip>60622</propertyZip>
      <propertyCounty>Cook</propertyCounty>
      <propertyTypeCode>MU</propertyTypeCode>
      <netRentableSquareFeetNumber>121398</netRentableSquareFeetNumber>
      <netRentableSquareFeetSecuritizationNumber>121398</netRentableSquareFeetSecuritizationNumber>
      <yearBuiltNumber>1900</yearBuiltNumber>
      <yearLastRenovated>2002</yearLastRenovated>
      <valuationSecuritizationAmount>14100000.00</valuationSecuritizationAmount>
      <valuationSourceSecuritizationCode>MAI</valuationSourceSecuritizationCode>
      <valuationSecuritizationDate>01-07-2025</valuationSecuritizationDate>
      <physicalOccupancySecuritizationPercentage>1</physicalOccupancySecuritizationPercentage>
      <mostRecentPhysicalOccupancyPercentage>1</mostRecentPhysicalOccupancyPercentage>
      <propertyStatusCode>6</propertyStatusCode>
      <defeasanceOptionStartDate>05-01-2027</defeasanceOptionStartDate>
      <DefeasedStatusCode>N</DefeasedStatusCode>
      <largestTenant>Salvage One</largestTenant>
      <squareFeetLargestTenantNumber>54470</squareFeetLargestTenantNumber>
      <leaseExpirationLargestTenantDate>12-31-2034</leaseExpirationLargestTenantDate>
      <secondLargestTenant>Flowers for Dreams</secondLargestTenant>
      <squareFeetSecondLargestTenantNumber>23851</squareFeetSecondLargestTenantNumber>
      <leaseExpirationSecondLargestTenantDate>12-31-2031</leaseExpirationSecondLargestTenantDate>
      <thirdLargestTenant>TEAMS Design USA Inc</thirdLargestTenant>
      <squareFeetThirdLargestTenantNumber>23031</squareFeetThirdLargestTenantNumber>
      <leaseExpirationThirdLargestTenantDate>01-31-2028</leaseExpirationThirdLargestTenantDate>
      <financialsSecuritizationDate>12-31-2024</financialsSecuritizationDate>
      <mostRecentFinancialsStartDate>12-31-2024</mostRecentFinancialsStartDate>
      <mostRecentFinancialsEndDate>12-31-2025</mostRecentFinancialsEndDate>
      <revenueSecuritizationAmount>2035534.96</revenueSecuritizationAmount>
      <mostRecentRevenueAmount>2482426.00</mostRecentRevenueAmount>
      <operatingExpensesSecuritizationAmount>760361.41</operatingExpensesSecuritizationAmount>
      <operatingExpensesAmount>1004002.00</operatingExpensesAmount>
      <netOperatingIncomeSecuritizationAmount>1275173.55</netOperatingIncomeSecuritizationAmount>
      <mostRecentNetOperatingIncomeAmount>1478424.00</mostRecentNetOperatingIncomeAmount>
      <netCashFlowFlowSecuritizationAmount>1166865.24</netCashFlowFlowSecuritizationAmount>
      <mostRecentNetCashFlowAmount>1370115.69</mostRecentNetCashFlowAmount>
      <netOperatingIncomeNetCashFlowSecuritizationCode>UW</netOperatingIncomeNetCashFlowSecuritizationCode>
      <netOperatingIncomeNetCashFlowCode>CREFC</netOperatingIncomeNetCashFlowCode>
      <mostRecentDebtServiceAmount>724033.00</mostRecentDebtServiceAmount>
      <debtServiceCoverageNetOperatingIncomeSecuritizationPercentage>1.76</debtServiceCoverageNetOperatingIncomeSecuritizationPercentage>
      <mostRecentDebtServiceCoverageNetOperatingIncomePercentage>2.0419</mostRecentDebtServiceCoverageNetOperatingIncomePercentage>
      <debtServiceCoverageNetCashFlowSecuritizationPercentage>1.61</debtServiceCoverageNetCashFlowSecuritizationPercentage>
      <mostRecentDebtServiceCoverageNetCashFlowpercentage>1.8923</mostRecentDebtServiceCoverageNetCashFlowpercentage>
      <debtServiceCoverageSecuritizationCode>F</debtServiceCoverageSecuritizationCode>
      <mostRecentDebtServiceCoverageCode>F</mostRecentDebtServiceCoverageCode>
      <mostRecentAnnualLeaseRolloverReviewDate>12-31-2025</mostRecentAnnualLeaseRolloverReviewDate>
    </property>
    <assetAddedIndicator>false</assetAddedIndicator>
    <reportPeriodModificationIndicator>false</reportPeriodModificationIndicator>
    <reportPeriodBeginningScheduleLoanBalanceAmount>9500000.00</reportPeriodBeginningScheduleLoanBalanceAmount>
    <totalScheduledPrincipalInterestDueAmount>61493.24</totalScheduledPrincipalInterestDueAmount>
    <reportPeriodInterestRatePercentage>0.07517</reportPeriodInterestRatePercentage>
    <servicerTrusteeFeeRatePercentage>0.0001666</servicerTrusteeFeeRatePercentage>
    <scheduledInterestAmount>61493.24</scheduledInterestAmount>
    <scheduledPrincipalAmount>0.00</scheduledPrincipalAmount>
    <unscheduledPrincipalCollectedAmount>0.00</unscheduledPrincipalCollectedAmount>
    <reportPeriodEndActualBalanceAmount>9500000.00</reportPeriodEndActualBalanceAmount>
    <reportPeriodEndScheduledLoanBalanceAmount>9500000.00</reportPeriodEndScheduledLoanBalanceAmount>
    <paidThroughDate>06-01-2026</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>23</assetNumber>
    <reportingPeriodBeginningDate>05-12-2026</reportingPeriodBeginningDate>
    <reportingPeriodEndDate>06-11-2026</reportingPeriodEndDate>
    <originatorName>MSBNA</originatorName>
    <originationDate>02-25-2025</originationDate>
    <originalLoanAmount>8000000.00</originalLoanAmount>
    <originalTermLoanNumber>60</originalTermLoanNumber>
    <maturityDate>03-01-2030</maturityDate>
    <originalInterestRatePercentage>0.07633</originalInterestRatePercentage>
    <interestRateSecuritizationPercentage>0.07633</interestRateSecuritizationPercentage>
    <interestAccrualMethodCode>3</interestAccrualMethodCode>
    <originalInterestRateTypeCode>1</originalInterestRateTypeCode>
    <originalInterestOnlyTermNumber>60</originalInterestOnlyTermNumber>
    <firstLoanPaymentDueDate>04-01-2025</firstLoanPaymentDueDate>
    <underwritingIndicator>true</underwritingIndicator>
    <lienPositionSecuritizationCode>1</lienPositionSecuritizationCode>
    <loanStructureCode>WL</loanStructureCode>
    <paymentTypeCode>3</paymentTypeCode>
    <periodicPrincipalAndInterestPaymentSecuritizationAmount>52582.89</periodicPrincipalAndInterestPaymentSecuritizationAmount>
    <scheduledPrincipalBalanceSecuritizationAmount>8000000.00</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>08-31-2029</prepaymentLockOutEndDate>
    <property>
      <propertyName>FAIRFIELD INN CLERMONT</propertyName>
      <propertyAddress>1750 HUNT TRACE BOULEVARD</propertyAddress>
      <propertyCity>Clermont</propertyCity>
      <propertyState>FL</propertyState>
      <propertyZip>34711</propertyZip>
      <propertyCounty>Lake</propertyCounty>
      <propertyTypeCode>LO</propertyTypeCode>
      <unitsBedsRoomsNumber>85</unitsBedsRoomsNumber>
      <unitsBedsRoomsSecuritizationNumber>85</unitsBedsRoomsSecuritizationNumber>
      <yearBuiltNumber>2007</yearBuiltNumber>
      <yearLastRenovated>2015</yearLastRenovated>
      <valuationSecuritizationAmount>14800000.00</valuationSecuritizationAmount>
      <valuationSourceSecuritizationCode>MAI</valuationSourceSecuritizationCode>
      <valuationSecuritizationDate>12-13-2024</valuationSecuritizationDate>
      <physicalOccupancySecuritizationPercentage>0.76</physicalOccupancySecuritizationPercentage>
      <mostRecentPhysicalOccupancyPercentage>0.72</mostRecentPhysicalOccupancyPercentage>
      <propertyStatusCode>6</propertyStatusCode>
      <defeasanceOptionStartDate>05-01-2027</defeasanceOptionStartDate>
      <DefeasedStatusCode>N</DefeasedStatusCode>
      <financialsSecuritizationDate>01-31-2025</financialsSecuritizationDate>
      <mostRecentFinancialsStartDate>04-01-2025</mostRecentFinancialsStartDate>
      <mostRecentFinancialsEndDate>03-31-2026</mostRecentFinancialsEndDate>
      <revenueSecuritizationAmount>3324822.00</revenueSecuritizationAmount>
      <mostRecentRevenueAmount>3071550.00</mostRecentRevenueAmount>
      <operatingExpensesSecuritizationAmount>2174491.00</operatingExpensesSecuritizationAmount>
      <operatingExpensesAmount>2004560.00</operatingExpensesAmount>
      <netOperatingIncomeSecuritizationAmount>1150331.00</netOperatingIncomeSecuritizationAmount>
      <mostRecentNetOperatingIncomeAmount>1066990.00</mostRecentNetOperatingIncomeAmount>
      <netCashFlowFlowSecuritizationAmount>1017338.00</netCashFlowFlowSecuritizationAmount>
      <mostRecentNetCashFlowAmount>944128.00</mostRecentNetCashFlowAmount>
      <netOperatingIncomeNetCashFlowSecuritizationCode>UW</netOperatingIncomeNetCashFlowSecuritizationCode>
      <netOperatingIncomeNetCashFlowCode>CREFC</netOperatingIncomeNetCashFlowCode>
      <mostRecentDebtServiceAmount>619121.13</mostRecentDebtServiceAmount>
      <debtServiceCoverageNetOperatingIncomeSecuritizationPercentage>1.86</debtServiceCoverageNetOperatingIncomeSecuritizationPercentage>
      <mostRecentDebtServiceCoverageNetOperatingIncomePercentage>1.7233</mostRecentDebtServiceCoverageNetOperatingIncomePercentage>
      <debtServiceCoverageNetCashFlowSecuritizationPercentage>1.64</debtServiceCoverageNetCashFlowSecuritizationPercentage>
      <mostRecentDebtServiceCoverageNetCashFlowpercentage>1.5249</mostRecentDebtServiceCoverageNetCashFlowpercentage>
      <debtServiceCoverageSecuritizationCode>F</debtServiceCoverageSecuritizationCode>
      <mostRecentDebtServiceCoverageCode>F</mostRecentDebtServiceCoverageCode>
    </property>
    <assetAddedIndicator>false</assetAddedIndicator>
    <reportPeriodModificationIndicator>false</reportPeriodModificationIndicator>
    <reportPeriodBeginningScheduleLoanBalanceAmount>8000000.00</reportPeriodBeginningScheduleLoanBalanceAmount>
    <totalScheduledPrincipalInterestDueAmount>52582.89</totalScheduledPrincipalInterestDueAmount>
    <reportPeriodInterestRatePercentage>0.07633</reportPeriodInterestRatePercentage>
    <servicerTrusteeFeeRatePercentage>0.0001791</servicerTrusteeFeeRatePercentage>
    <scheduledInterestAmount>52582.89</scheduledInterestAmount>
    <scheduledPrincipalAmount>0.00</scheduledPrincipalAmount>
    <unscheduledPrincipalCollectedAmount>0.00</unscheduledPrincipalCollectedAmount>
    <reportPeriodEndActualBalanceAmount>8000000.00</reportPeriodEndActualBalanceAmount>
    <reportPeriodEndScheduledLoanBalanceAmount>8000000.00</reportPeriodEndScheduledLoanBalanceAmount>
    <paidThroughDate>06-01-2026</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>24</assetNumber>
    <reportingPeriodBeginningDate>05-12-2026</reportingPeriodBeginningDate>
    <reportingPeriodEndDate>06-11-2026</reportingPeriodEndDate>
    <originatorName>MSBNA</originatorName>
    <originationDate>03-03-2025</originationDate>
    <originalLoanAmount>6650000.00</originalLoanAmount>
    <originalTermLoanNumber>60</originalTermLoanNumber>
    <maturityDate>04-01-2030</maturityDate>
    <originalInterestRatePercentage>0.0735</originalInterestRatePercentage>
    <interestRateSecuritizationPercentage>0.0735</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>0.00</periodicPrincipalAndInterestPaymentSecuritizationAmount>
    <scheduledPrincipalBalanceSecuritizationAmount>6650000.00</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>MARKET CENTER</propertyName>
      <propertyAddress>2531 AND 2561 CITIPLACE COURT</propertyAddress>
      <propertyCity>Baton Rouge</propertyCity>
      <propertyState>LA</propertyState>
      <propertyZip>70808</propertyZip>
      <propertyCounty>East Baton Rouge</propertyCounty>
      <propertyTypeCode>RT</propertyTypeCode>
      <netRentableSquareFeetNumber>44033</netRentableSquareFeetNumber>
      <netRentableSquareFeetSecuritizationNumber>44033</netRentableSquareFeetSecuritizationNumber>
      <yearBuiltNumber>1996</yearBuiltNumber>
      <valuationSecuritizationAmount>11300000.00</valuationSecuritizationAmount>
      <valuationSourceSecuritizationCode>MAI</valuationSourceSecuritizationCode>
      <valuationSecuritizationDate>01-04-2025</valuationSecuritizationDate>
      <physicalOccupancySecuritizationPercentage>0.87</physicalOccupancySecuritizationPercentage>
      <mostRecentPhysicalOccupancyPercentage>0.86</mostRecentPhysicalOccupancyPercentage>
      <propertyStatusCode>6</propertyStatusCode>
      <defeasanceOptionStartDate>05-01-2027</defeasanceOptionStartDate>
      <DefeasedStatusCode>N</DefeasedStatusCode>
      <largestTenant>Sola Salon Studios</largestTenant>
      <squareFeetLargestTenantNumber>5600</squareFeetLargestTenantNumber>
      <leaseExpirationLargestTenantDate>08-31-2028</leaseExpirationLargestTenantDate>
      <secondLargestTenant>Ci Ci's Pizza</secondLargestTenant>
      <squareFeetSecondLargestTenantNumber>5598</squareFeetSecondLargestTenantNumber>
      <leaseExpirationSecondLargestTenantDate>10-31-2031</leaseExpirationSecondLargestTenantDate>
      <thirdLargestTenant>CR Corporate  L.L.C.</thirdLargestTenant>
      <squareFeetThirdLargestTenantNumber>5250</squareFeetThirdLargestTenantNumber>
      <leaseExpirationThirdLargestTenantDate>06-30-2030</leaseExpirationThirdLargestTenantDate>
      <financialsSecuritizationDate>12-31-2024</financialsSecuritizationDate>
      <mostRecentFinancialsStartDate>01-01-2026</mostRecentFinancialsStartDate>
      <mostRecentFinancialsEndDate>03-31-2026</mostRecentFinancialsEndDate>
      <revenueSecuritizationAmount>1112476.57</revenueSecuritizationAmount>
      <mostRecentRevenueAmount>254987.00</mostRecentRevenueAmount>
      <operatingExpensesSecuritizationAmount>363683.33</operatingExpensesSecuritizationAmount>
      <operatingExpensesAmount>70504.00</operatingExpensesAmount>
      <netOperatingIncomeSecuritizationAmount>748793.24</netOperatingIncomeSecuritizationAmount>
      <mostRecentNetOperatingIncomeAmount>184483.00</mostRecentNetOperatingIncomeAmount>
      <netCashFlowFlowSecuritizationAmount>684229.34</netCashFlowFlowSecuritizationAmount>
      <mostRecentNetCashFlowAmount>168342.02</mostRecentNetCashFlowAmount>
      <netOperatingIncomeNetCashFlowSecuritizationCode>UW</netOperatingIncomeNetCashFlowSecuritizationCode>
      <netOperatingIncomeNetCashFlowCode>CREFC</netOperatingIncomeNetCashFlowCode>
      <mostRecentDebtServiceAmount>122193.75</mostRecentDebtServiceAmount>
      <debtServiceCoverageNetOperatingIncomeSecuritizationPercentage>1.51</debtServiceCoverageNetOperatingIncomeSecuritizationPercentage>
      <mostRecentDebtServiceCoverageNetOperatingIncomePercentage>1.5097</mostRecentDebtServiceCoverageNetOperatingIncomePercentage>
      <debtServiceCoverageNetCashFlowSecuritizationPercentage>1.38</debtServiceCoverageNetCashFlowSecuritizationPercentage>
      <mostRecentDebtServiceCoverageNetCashFlowpercentage>1.3776</mostRecentDebtServiceCoverageNetCashFlowpercentage>
      <debtServiceCoverageSecuritizationCode>F</debtServiceCoverageSecuritizationCode>
      <mostRecentDebtServiceCoverageCode>F</mostRecentDebtServiceCoverageCode>
      <mostRecentAnnualLeaseRolloverReviewDate>03-31-2026</mostRecentAnnualLeaseRolloverReviewDate>
    </property>
    <assetAddedIndicator>false</assetAddedIndicator>
    <reportPeriodModificationIndicator>false</reportPeriodModificationIndicator>
    <reportPeriodBeginningScheduleLoanBalanceAmount>6650000.00</reportPeriodBeginningScheduleLoanBalanceAmount>
    <totalScheduledPrincipalInterestDueAmount>42088.96</totalScheduledPrincipalInterestDueAmount>
    <reportPeriodInterestRatePercentage>0.0735</reportPeriodInterestRatePercentage>
    <servicerTrusteeFeeRatePercentage>0.0001791</servicerTrusteeFeeRatePercentage>
    <scheduledInterestAmount>42088.96</scheduledInterestAmount>
    <scheduledPrincipalAmount>0.00</scheduledPrincipalAmount>
    <unscheduledPrincipalCollectedAmount>0.00</unscheduledPrincipalCollectedAmount>
    <reportPeriodEndActualBalanceAmount>6650000.00</reportPeriodEndActualBalanceAmount>
    <reportPeriodEndScheduledLoanBalanceAmount>6650000.00</reportPeriodEndScheduledLoanBalanceAmount>
    <paidThroughDate>06-01-2026</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>05-12-2026</reportingPeriodBeginningDate>
    <reportingPeriodEndDate>06-11-2026</reportingPeriodEndDate>
    <originatorName>MSBNA</originatorName>
    <originationDate>02-14-2025</originationDate>
    <originalLoanAmount>4770000.00</originalLoanAmount>
    <originalTermLoanNumber>60</originalTermLoanNumber>
    <maturityDate>03-01-2030</maturityDate>
    <originalInterestRatePercentage>0.0608</originalInterestRatePercentage>
    <interestRateSecuritizationPercentage>0.0608</interestRateSecuritizationPercentage>
    <interestAccrualMethodCode>3</interestAccrualMethodCode>
    <originalInterestRateTypeCode>1</originalInterestRateTypeCode>
    <originalInterestOnlyTermNumber>60</originalInterestOnlyTermNumber>
    <firstLoanPaymentDueDate>04-01-2025</firstLoanPaymentDueDate>
    <underwritingIndicator>true</underwritingIndicator>
    <lienPositionSecuritizationCode>1</lienPositionSecuritizationCode>
    <loanStructureCode>WL</loanStructureCode>
    <paymentTypeCode>3</paymentTypeCode>
    <periodicPrincipalAndInterestPaymentSecuritizationAmount>24973.60</periodicPrincipalAndInterestPaymentSecuritizationAmount>
    <scheduledPrincipalBalanceSecuritizationAmount>4770000.00</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>02-28-2027</prepaymentLockOutEndDate>
    <yieldMaintenanceEndDate>10-31-2029</yieldMaintenanceEndDate>
    <prepaymentPremiumsEndDate>10-31-2029</prepaymentPremiumsEndDate>
    <property>
      <propertyName>LARADA MHP 2</propertyName>
      <propertyAddress>1823 NORTH 40TH STREET</propertyAddress>
      <propertyCity>Phoenix</propertyCity>
      <propertyState>AZ</propertyState>
      <propertyZip>85008</propertyZip>
      <propertyCounty>Maricopa</propertyCounty>
      <propertyTypeCode>MH</propertyTypeCode>
      <unitsBedsRoomsNumber>52</unitsBedsRoomsNumber>
      <unitsBedsRoomsSecuritizationNumber>52</unitsBedsRoomsSecuritizationNumber>
      <yearBuiltNumber>1956</yearBuiltNumber>
      <valuationSecuritizationAmount>7100000.00</valuationSecuritizationAmount>
      <valuationSourceSecuritizationCode>MAI</valuationSourceSecuritizationCode>
      <valuationSecuritizationDate>10-22-2024</valuationSecuritizationDate>
      <physicalOccupancySecuritizationPercentage>0.98</physicalOccupancySecuritizationPercentage>
      <mostRecentPhysicalOccupancyPercentage>1</mostRecentPhysicalOccupancyPercentage>
      <propertyStatusCode>6</propertyStatusCode>
      <DefeasedStatusCode>X</DefeasedStatusCode>
      <financialsSecuritizationDate>11-30-2024</financialsSecuritizationDate>
      <mostRecentFinancialsStartDate>01-01-2026</mostRecentFinancialsStartDate>
      <mostRecentFinancialsEndDate>03-31-2026</mostRecentFinancialsEndDate>
      <revenueSecuritizationAmount>531846.00</revenueSecuritizationAmount>
      <mostRecentRevenueAmount>155266.00</mostRecentRevenueAmount>
      <operatingExpensesSecuritizationAmount>142196.75</operatingExpensesSecuritizationAmount>
      <operatingExpensesAmount>43167.00</operatingExpensesAmount>
      <netOperatingIncomeSecuritizationAmount>389649.25</netOperatingIncomeSecuritizationAmount>
      <mostRecentNetOperatingIncomeAmount>112099.00</mostRecentNetOperatingIncomeAmount>
      <netCashFlowFlowSecuritizationAmount>386649.25</netCashFlowFlowSecuritizationAmount>
      <mostRecentNetCashFlowAmount>111349.00</mostRecentNetCashFlowAmount>
      <netOperatingIncomeNetCashFlowSecuritizationCode>UW</netOperatingIncomeNetCashFlowSecuritizationCode>
      <netOperatingIncomeNetCashFlowCode>CREFC</netOperatingIncomeNetCashFlowCode>
      <mostRecentDebtServiceAmount>72504.00</mostRecentDebtServiceAmount>
      <debtServiceCoverageNetOperatingIncomeSecuritizationPercentage>1.33</debtServiceCoverageNetOperatingIncomeSecuritizationPercentage>
      <mostRecentDebtServiceCoverageNetOperatingIncomePercentage>1.5461</mostRecentDebtServiceCoverageNetOperatingIncomePercentage>
      <debtServiceCoverageNetCashFlowSecuritizationPercentage>1.31</debtServiceCoverageNetCashFlowSecuritizationPercentage>
      <mostRecentDebtServiceCoverageNetCashFlowpercentage>1.5357</mostRecentDebtServiceCoverageNetCashFlowpercentage>
      <debtServiceCoverageSecuritizationCode>F</debtServiceCoverageSecuritizationCode>
      <mostRecentDebtServiceCoverageCode>F</mostRecentDebtServiceCoverageCode>
    </property>
    <assetAddedIndicator>false</assetAddedIndicator>
    <reportPeriodModificationIndicator>false</reportPeriodModificationIndicator>
    <reportPeriodBeginningScheduleLoanBalanceAmount>4770000.00</reportPeriodBeginningScheduleLoanBalanceAmount>
    <totalScheduledPrincipalInterestDueAmount>24973.60</totalScheduledPrincipalInterestDueAmount>
    <reportPeriodInterestRatePercentage>0.0608</reportPeriodInterestRatePercentage>
    <servicerTrusteeFeeRatePercentage>0.0001791</servicerTrusteeFeeRatePercentage>
    <scheduledInterestAmount>24973.60</scheduledInterestAmount>
    <scheduledPrincipalAmount>0.00</scheduledPrincipalAmount>
    <unscheduledPrincipalCollectedAmount>0.00</unscheduledPrincipalCollectedAmount>
    <reportPeriodEndActualBalanceAmount>4770000.00</reportPeriodEndActualBalanceAmount>
    <reportPeriodEndScheduledLoanBalanceAmount>4770000.00</reportPeriodEndScheduledLoanBalanceAmount>
    <paidThroughDate>06-01-2026</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>
