KPMG
LLP
633 West 5th Street
Suite 4700
Los Angeles, CA 90071
Exhibit 99.1
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KPMG
LLP |
Independent Accountants’ Agreed-Upon Procedures Report
Fortress Credit Realty Income Trust (the “Company”)
Goldman Sachs & Co. LLC
Morgan Stanley & Co. LLC
Santander US Capital Markets LLC
(collectively, the “Specified Parties”)
Re: FCR 2026-FL1 Issuer LLC – Data File Procedures
We have performed the procedures described below on the specified attributes in an electronic data file entitled “FCR 2026-FL1 CSR Accounting Tape.xlsx” provided by the Company on August 4, 2026 (the “Data File”), containing information on 29 collateral interests (the “Collateral Interests”) and the 33 related mortgaged properties (the “Mortgaged Properties”) as of August 10, 2026 (the “Cut-off Date”), which we were informed are intended to be included as collateral in the offering by FCR 2026-FL1 Issuer LLC. The Company is responsible for the specified attributes identified by the Company in the Data File.
The Specified Parties have agreed to and acknowledged that the procedures performed are appropriate to meet the intended purpose of assisting the Specified Parties in evaluating the accuracy of the specified attributes in the Data File. This report may not be suitable for any other purpose. No other parties have agreed to or acknowledged the appropriateness of these procedures for the intended purpose or any other purpose.
The procedures performed may not address all the items of interest to a user of this report and may not meet the needs of all users of this report and, as such, users are responsible for determining whether the procedures performed are appropriate for their purposes. We make no representation regarding the appropriateness of the procedures either for the intended purpose or for any other purpose.
Unless otherwise stated, the following definitions have been adopted in presenting our procedures and findings:
| · | The term “compared” means compared to the information shown and found it to be in agreement, unless otherwise stated. Such compared information was deemed to be in agreement if differences were within the reporting threshold. |
| · | The term “recomputed” means recalculated and compared the result to the information shown and found it to be in agreement, unless otherwise stated. Such recomputed information was deemed to be in agreement if differences were within the reporting threshold. |
| · | The term “reporting threshold” means that dollar amounts and percentages were within $1.00 and 0.1%, respectively. |
| · | The term “Loan Files” means the electronic copies of source documents provided by the Company and listed in Attachment A. We make no representation regarding the validity or accuracy of these documents. |
| · | The term “Compared Attributes” means the list of fields in the Data File which were selected by the Company for us to perform comparison procedures for and are listed in Attachment A. |
| KPMG
LLP, a Delaware limited liability partnership and a member firm of the KPMG global organization of independent member firms affiliated with KPMG International Limited, a private English company limited by guarantee. |
| · | The term “Recomputed Attributes” means the list of fields in the Data File which were selected by the Company for us to perform recomputation procedures for and are listed in Attachment B. |
| · | The term “Calculation Methodology” means the formula listed in the Calculation Methodology column of Attachment B containing the calculation methodology for the Recomputed Attributes provided by the Company. |
| · | The term “Index Rate Assumption” means the rate of 3.7434%, which we were instructed to use by the Company where applicable in the Calculation Methodology. |
| · | The term “Instructions” means the instructions provided by the Company pertaining to a procedure attribute, or methodology as described in Attachment C. |
| · | The term “Provided Information” means the Cut-off Date, Loan Files, Calculation Methodology, Index Rate Assumption, and Instructions. |
Prior to being provided the Data File, we received one or more earlier versions of the data file on which to perform our procedures. In performing those procedures, we identified differences which were communicated to the Company. The Data File represents the revised information reflecting resolution of differences communicated as determined appropriate by the Company. We performed the procedures on the Data File, and the results of those procedures are reflected herein.
The procedures we were instructed by the Company to perform for all Collateral Interests and related Mortgaged Properties in the Data File and the associated findings are as follows:
| A. | For the Collateral Interests and Mortgaged Properties included in the Data File, we compared the Compared Attributes in the Data File (except for those with “Provided by the Company” in the “Provided Compared Attributes” table of Attachment A) to the corresponding information included in the Loan Files, utilizing the Instructions, as applicable. The Company indicated that the absence of any of the information in the Loan Files or the inability to agree the indicated information from the Data File to the Loan Files for each of the attributes identified, utilizing the Instructions as applicable, constituted an exception (except for those with “Provided by the Company” in the “Provided Compared Attributes” table of Attachment A). The document priority is the order provided by the Company, which is listed in the “Source Document(s)” column in Attachment A, with the highest priority document listed first. |
| B. | For the Collateral Interests and Mortgaged Properties included in the Data File, we recomputed the Recomputed Attributes in the Data File using (i) the corresponding information contained in the Data File, (ii) the Calculation Methodology, and (iii) the Instructions. |
We found such information to be in agreement without exception.
We were engaged by the Company to perform this agreed-upon procedures engagement. We conducted our engagement in accordance with attestation standards established by the American Institute of Certified Public Accountants, which involves us performing the specific procedures agreed to and acknowledged above and reporting on findings based on performing those procedures. We were not engaged to, and did not, conduct an examination or review, the objective of which would be the expression of an opinion or conclusion, respectively, on the specified attributes in the Data File. Accordingly, we do not express such an opinion or conclusion. Had we performed additional procedures, other matters might have come to our attention that would have been reported.
We are required to be independent of the Company and to meet our other ethical responsibilities, in accordance with the relevant ethical requirements related to our agreed-upon procedures engagement.
| 2 |
The procedures performed were applied based on the information included in the Data File and Provided Information, without verification or evaluation of such information by us; therefore, we express no opinion or any other form of assurance regarding (i) the reasonableness of the information provided to us by the Company, (ii) the physical existence of the Collateral Interests and related Mortgaged Properties, (iii) the reliability or accuracy of the Provided Information which was used in our procedures, or (iv) matters of legal interpretation.
The procedures performed were not intended to address, nor did they address: (i) the conformity of the origination of the Collateral Interests to stated underwriting or credit extension guidelines, standards, criteria or other requirements, (ii) the value of collateral securing any such Collateral Interests being securitized, (iii) the compliance of the originator of the Collateral Interests with federal, state, and local laws and regulations, or (iv) any other factor or characteristic of the Collateral Interests and related Mortgaged Properties that would be material to the likelihood that the issuer of the notes will pay interest and principal in accordance with applicable terms and conditions. The procedures performed were not intended to satisfy any criteria for due diligence published by the nationally recognized statistical rating organizations (“NRSROs”).
The terms of our engagement are such that we have no responsibility to update this report because of events and circumstances that may subsequently occur.
This report is intended solely for the information and use of the Specified Parties. It is not intended to be and should not be used by any other person or entity, including investors or the NRSROs, who are not identified in the report as the Specified Parties but may have access to this report as required by law or regulation.
/s/ KPMG LLP
Los Angeles, California
August 4, 2026
| 3 |
| ATTACHMENT A |
COMPARED ATTRIBUTES
| Attribute | Source Document(s) |
| Cross Collateralized and Cross Defaulted Loan Flag | Loan Agreement |
| Property Address | Appraisal Report, Engineering Report |
| City | Appraisal Report, Engineering Report |
| State | Appraisal Report, Engineering Report |
| Zip Code | Appraisal Report, Engineering Report |
| County | Appraisal Report, Engineering Report |
| Year Built | Appraisal Report, Engineering Report |
| Year Renovated | Appraisal Report, Engineering Report |
| Property Type | Appraisal Report, Engineering Report |
| Specific Property Type | Appraisal Report, Engineering Report |
| Number of Units | Underwritten Rent Roll Statement, Unit Mix Summary, Certified Rent Roll, Appraisal |
| Unit of Measure | Underwritten Rent Roll Statement, Unit Mix Summary, Certified Rent Roll |
| Occupancy (%) | Underwritten Rent Roll Statement, Unit Mix Summary, Certified Rent Roll |
| Occupancy Date | Underwritten Rent Roll Statement, Unit Mix Summary, Certified Rent Roll |
| Ownership Interest | Title Policy, Deed of Trust, Promissory Note |
| Loan Purpose | Settlement Statement, Purchase and Sale Agreement, Loan Agreement |
| Note Date | Promissory Note, Loan Agreement |
| First Payment Date | Loan Agreement, Settlement Statement |
| Mortgage Loan Commitment Original Balance ($) | Loan Agreement, Promissory Note |
| Mortgage Loan Initial Funded Amount ($) | Loan Agreement, Settlement Statement |
| Future Funding Advance Conditions | Loan Agreement |
| Mortgage Loan Balloon Balance ($) | Loan Agreement, Company’s Amortization Schedule |
| Rate Type | Loan Agreement |
| A-1 |
| ATTACHMENT A |
| Attribute | Source Document(s) |
| Index | Loan Agreement |
| Mortgage Loan Margin | Loan Agreement |
| Mortgage Loan Margin Change (Y/N) | Loan Agreement |
| Mortgage Loan Margin Change Description | Loan Agreement |
| Mortgage Loan Index Floor | Loan Agreement |
| Mortgage Loan Index Cap | Interest Rate Cap Confirmation |
| Mortgage Loan Index Cap Termination Date | Interest Rate Cap Confirmation |
| Mortgage Loan Index Cap Provider | Interest Rate Cap Confirmation |
| Collateral Interest Margin | Loan Agreement |
| Amortization Type During Initial Term | Loan Agreement |
| ARD Loan (Y/N) | Loan Agreement |
| Initial Maturity Date or Anticipated Repayment Date | Loan Agreement |
| Extension Options (Y/N) | Loan Agreement |
| Extension Options Description | Loan Agreement |
| Amortization Type During Extensions | Loan Agreement |
| First Extension Period (months) | Loan Agreement |
| First Extension Period Requirements | Loan Agreement |
| First Extension Cap | Loan Agreement, Interest Rate Cap Confirmation |
| Second Extension Period (months) | Loan Agreement |
| Second Extension Period Requirements | Loan Agreement |
| Second Extension Cap | Loan Agreement, Interest Rate Cap Confirmation |
| Third Extension Period (months) | Loan Agreement |
| Third Extension Period Requirements | Loan Agreement |
| Third Extension Cap | Loan Agreement, Interest Rate Cap Confirmation |
| Fourth Extension Period (months) | Loan Agreement |
| Fourth Extension Period Requirements | Loan Agreement |
| Fourth Extension Cap | Loan Agreement, Interest Rate Cap Confirmation |
| A-2 |
| ATTACHMENT A |
| Attribute | Source Document(s) |
| Fully Extended Maturity Date | Loan Agreement |
| Third Most Recent As Of Period | Company Underwritten Cash Flow Statement |
| Third Most Recent Revenues | Company Underwritten Cash Flow Statement |
| Third Most Recent Expenses | Company Underwritten Cash Flow Statement |
| Third Most Recent NOI | Company Underwritten Cash Flow Statement |
| Third Most Recent NCF | Company Underwritten Cash Flow Statement |
| Second Most Recent As Of Period | Company Underwritten Cash Flow Statement |
| Second Most Recent Revenues | Company Underwritten Cash Flow Statement |
| Second Most Recent Expenses | Company Underwritten Cash Flow Statement |
| Second Most Recent NOI | Company Underwritten Cash Flow Statement |
| Second Most Recent NCF | Company Underwritten Cash Flow Statement |
| Most Recent As Of Period | Company Underwritten Cash Flow Statement |
| Most Recent Revenues | Company Underwritten Cash Flow Statement |
| Most Recent Expenses | Company Underwritten Cash Flow Statement |
| Most Recent NOI | Company Underwritten Cash Flow Statement |
| Most Recent NCF | Company Underwritten Cash Flow Statement |
| Underwritten Occupancy (%) | Company Underwritten Cash Flow Statement |
| Underwritten Revenues ($) | Company Underwritten Cash Flow Statement |
| Underwritten Expenses ($) | Company Underwritten Cash Flow Statement |
| Underwritten NOI ($) | Company Underwritten Cash Flow Statement |
| Underwritten Reserves ($) | Company Underwritten Cash Flow Statement |
| Underwritten NCF ($) | Company Underwritten Cash Flow Statement |
| Underwritten Stabilized Occupancy (%) | Company Underwritten Cash Flow Statement |
| Underwritten Stabilized Revenues ($) | Company Underwritten Cash Flow Statement |
| Underwritten Stabilized Expenses ($) | Company Underwritten Cash Flow Statement |
| Underwritten Stabilized NOI ($) | Company Underwritten Cash Flow Statement |
| Underwritten Stabilized Reserves ($) | Company Underwritten Cash Flow Statement |
| A-3 |
| ATTACHMENT A |
| Attribute | Source Document(s) |
| Underwritten Stabilized NCF ($) | Company Underwritten Cash Flow Statement |
| Appraisal Stabilized Occupancy (%) | Company Underwritten Cash Flow Statement |
| Appraisal Stabilized Revenues ($) | Company Underwritten Cash Flow Statement |
| Appraisal Stabilized Expenses ($) | Company Underwritten Cash Flow Statement |
| Appraisal Stabilized NOI ($) | Company Underwritten Cash Flow Statement |
| Appraisal Stabilized Reserves ($) | Company Underwritten Cash Flow Statement |
| Appraisal Stabilized NCF ($) | Company Underwritten Cash Flow Statement |
| Recourse | Guaranty, Loan Agreement |
| Recourse Provisions | Guaranty, Loan Agreement |
| Recourse Carveout Guarantor | Guaranty |
| Sponsor | Loan Agreement, Guaranty, Organization Chart |
| Affiliated Sponsor (Y/N) | Guaranty, Loan Agreement |
| Tenants-in-common (Y/N) | Loan Agreement, Promissory Note |
| Ground Lease (Y/N) | Ground Lease, Estoppel |
| Annual Ground Lease Payment ($) | Ground Lease, Estoppel, Appraisal Report |
| Ground Lease Initial Expiration Date | Ground Lease, Estoppel, Appraisal Report |
| Ground Lease Extension (Y/N) | Ground Lease, Estoppel, Appraisal Report |
| # of Ground Lease Extension Options | Ground Lease, Estoppel, Appraisal Report |
| Ground Lease Expiration Date with Extensions | Ground Lease, Estoppel, Appraisal Report |
| Engineering Report Date | Engineering Report |
| Environmental Report Date (Phase I) | Phase I Environmental Report |
| Environmental Report Date (Phase II) | Phase II Environmental Report |
| Environmental Insurance (Y/N) | Insurance Certificate |
| Seismic Report Date | Seismic Report |
| Seismic PML % | Seismic Report, Engineering Report |
| Seismic Insurance Obtained if PML ≥ 20% (Y/N) | Seismic Report, Engineering Report, Insurance Certificate |
| Lockbox Type | Cash Management Agreement, Loan Agreement |
| A-4 |
| ATTACHMENT A |
| Attribute | Source Document(s) |
| Cash Management Type | Cash Management Agreement, Loan Agreement |
| Cash Management Trigger Event | Cash Management Agreement, Loan Agreement |
| Tax Escrow (Upfront) ($) | Settlement Statement, Loan Agreement |
| Tax Escrow (Cut-off Date) ($) | Servicer Report, Servicing Screenshot, Settlement Statement |
| Tax Escrow (Monthly)($) | Servicer Report, Settlement Statement, Loan Agreement |
| Springing Tax Escrow Description | Loan Agreement, Settlement Statement |
| Insurance Escrow (Upfront) ($) | Settlement Statement, Loan Agreement |
| Insurance Escrow (Cut-off Date) ($) | Servicer Report, Servicing Screenshot, Settlement Statement |
| Insurance Escrow (Monthly)($) | Servicer Report, Settlement Statement, Loan Agreement |
| Springing Insurance Escrow Description | Loan Agreement, Settlement Statement |
| Replacement Reserve (Upfront)($) | Settlement Statement, Loan Agreement |
| Replacement Reserve (Cut-off Date)($) | Servicer Report, Servicing Screenshot, Settlement Statement |
| Replacement Reserve (Monthly)($) | Servicer Report, Loan Agreement, Settlement Statement |
| Replacement Reserve Cap($) | Loan Agreement, Settlement Statement |
| Springing Replacement Reserve Description | Loan Agreement, Settlement Statement |
| TI/LC Reserve (Upfront) ($) | Settlement Statement, Loan Agreement |
| TI/LC Reserve (Cut-off Date) ($) | Servicer Report, Servicing Screenshot, Settlement Statement |
| TI/LC Reserve (Monthly)($) | Servicer Report, Loan Agreement, Settlement Statement |
| TI/LC Reserve Cap($) | Loan Agreement, Settlement Statement |
| Springing TI/LC Reserve Description | Loan Agreement, Settlement Statement |
| Environmental Reserve (Upfront) ($) | Settlement Statement, Loan Agreement |
| Environmental Reserve (Cut-off Date) ($) | Servicer Report, Servicing Screenshot, Settlement Statement |
| Engineering/Deferred Maintenance Escrow (Upfront) ($) | Settlement Statement, Loan Agreement |
| A-5 |
| ATTACHMENT A |
| Attribute | Source Document(s) |
| Engineering/Deferred Maintenance Escrow (Cut-off Date) ($) | Servicer Report, Servicing Screenshot, Settlement Statement |
| Debt Service Reserve (Upfront) ($) | Settlement Statement, Loan Agreement |
| Debt Service Reserve (Cut-off Date) ($) | Servicer Report, Servicing Screenshot, Settlement Statement |
| Debt Service Reserve (Monthly)($) | Loan Agreement, Settlement Statement |
| Debt Service Reserve Cap($) | Loan Agreement, Settlement Statement |
| Springing Debt Service Reserve Description | Loan Agreement, Settlement Statement |
| Other Reserves (Upfront)($) | Settlement Statement, Loan Agreement |
| Other Reserves (Cut-Off Date)($) | Servicer Report, Servicing Screenshot, Settlement Statement |
| Other Reserves (Monthly)($) | Loan Agreement, Settlement Statement |
| Other Reserves Cap ($) | Loan Agreement, Settlement Statement |
| Other Reserves Description | Loan Agreement, Settlement Statement |
| Other Reserves 2 (Upfront)($) | Settlement Statement, Loan Agreement |
| Other Reserves 2 (Cut-Off Date)($) | Servicer Report, Servicing Screenshot, Settlement Statement |
| Other Reserves 2 (Monthly)($) | Loan Agreement, Settlement Statement |
| Other Reserves 2 Cap ($) | Loan Agreement, Settlement Statement |
| Other Reserves 2 Description | Loan Agreement, Settlement Statement |
| Subordinate Debt (Y/N) | Loan Agreement, Promissory Note, Mezzanine Loan Agreement, Mezzanine Promissory Note, Subordinate Debt Loan Agreement |
| Subordinate Debt Type | Loan Agreement, Mezzanine Loan Agreement, Subordinate Debt Loan Agreement, B Note |
| Subordinate Debt Margin | Loan Agreement, Mezzanine Loan Agreement, Subordinate Debt Loan Agreement, B Note |
| Subordinate Debt Interest Rate | Loan Agreement, Loan Amendment, Promissory Note, Subordinate Debt Loan Agreement |
| Subordinate Debt Cut-off Date Balance ($) | Servicer Report, Loan Agreement, Mezzanine Loan Agreement, Subordinate Debt Loan Agreement, B Note |
| A-6 |
| ATTACHMENT A |
| Attribute | Source Document(s) |
| Future Debt Permitted (Y/N) | Loan Agreement, Mezzanine Loan Agreement, Subordinate Debt Loan Agreement, B Note |
| Permitted Future Debt Type | Loan Agreement, Mezzanine Loan Agreement, Subordinate Debt Loan Agreement, B Note |
| Grace Period Default (Days) | Loan Agreement |
| Grace Period Late (Days) | Loan Agreement |
| Initial Prepayment Provision | Loan Agreement |
| Remaining Call Protection (Cut-off Date) | Loan Agreement |
| Partial Release and/or Partial Prepayment (Y/N) | Loan Agreement |
| Appraisal Firm | Appraisal Report |
| As-Is Appraisal Valuation Date | Appraisal Report |
| As-Is Appraised Value ($) | Appraisal Report |
| Stabilized Appraised Value ($) | Appraisal Report |
| Appraisal Anticipated Stabilization Date | Appraisal Report |
| Interest Accrual Basis | Loan Agreement |
| Lookback Period | Loan Agreement |
| Single-Tenant (Y/N) | Underwritten Rent Roll Statement |
| Property Manager | Management Agreement, Loan Agreement |
| Largest Tenant Name | Underwritten Rent Roll Statement |
| Largest Tenant Square Feet | Underwritten Rent Roll Statement |
| Largest Tenant Expiration Date | Underwritten Rent Roll Statement |
| 2nd Largest Tenant Name | Underwritten Rent Roll Statement |
| 2nd Largest Tenant Square Feet | Underwritten Rent Roll Statement |
| 2nd Largest Tenant Expiration Date | Underwritten Rent Roll Statement |
| 3rd Largest Tenant Name | Underwritten Rent Roll Statement |
| 3rd Largest Tenant Square Feet | Underwritten Rent Roll Statement |
| 3rd Largest Tenant Expiration Date | Underwritten Rent Roll Statement |
| 4th Largest Tenant Name | Underwritten Rent Roll Statement |
| A-7 |
| ATTACHMENT A |
| Attribute | Source Document(s) |
| 4th Largest Tenant Square Feet | Underwritten Rent Roll Statement |
| 4th Largest Tenant Expiration Date | Underwritten Rent Roll Statement |
| 5th Largest Tenant Name | Underwritten Rent Roll Statement |
| 5th Largest Tenant Square Feet | Underwritten Rent Roll Statement |
| 5th Largest Tenant Expiration Date | Underwritten Rent Roll Statement |
| Assumed Loan (Y/N) | Promissory Note, Loan Agreement |
| Borrower Name | Loan Agreement |
| Lender | Loan Agreement |
| First Extension Fee % | Loan Agreement |
| Second Extension Fee % | Loan Agreement |
| Third Extension Fee % | Loan Agreement |
| Fourth Extension Fee % | Loan Agreement |
| Exit Fee % / Deferred Origination Fee (%) | Loan Agreement |
| ARD Mortgage Rate After ARD and extension periods | Loan Agreement |
| Rate Step Up Post ARD Commencement Date | Loan Agreement |
| ARD Loan Fully Extended Maturity Date | Loan Agreement |
| Index Rounding Factor | Loan Agreement |
| Interest Rate Change | Loan Agreement |
| Partial Release and/or Prepayment Description | Loan Agreement |
| Amort Number of Months | Loan Agreement |
| USPAP Appraisal (Y/N) | Appraisal Report |
| FIRREA Appraisal (Y/N) | Appraisal Report |
| Lien Position | Title Policy |
| Number of TICs | TIC Agreement, Loan Agreement |
| Single Purpose Borrower (Y/N) | Loan Agreement |
| Independent Director (Y/N) | Loan Agreement |
| Borrower Non Consolidation Opinion (Y/N) | Loan Agreement |
| A-8 |
| ATTACHMENT A |
| Attribute | Source Document(s) |
| DST (Y/N) | Loan Agreement |
| IDOT (Y/N) | Loan Agreement |
PROVIDED COMPARED ATTRIBUTES
| Attribute | Source Document(s) |
| Collateral Interest Number | Provided by the Company |
| Collateral Interest Type | Provided by the Company |
| Collateral Interest Status | Provided by the Company |
| Collateral Interest / Property Flag | Provided by the Company |
| # of Properties | Provided by the Company |
| Collateral Interest/Mortgaged Property Name | Provided by the Company |
| Mortgage Loan Cut-off Date Balance ($) | Provided by the Company |
| Collateral Interest Cut-off Date Balance ($) | Provided by the Company |
| Pari Passu Balance in Other Securitization | Provided by the Company |
| Junior Participation Cut-off Date Balance | Provided by the Company |
| Junior Participation Balloon Payment ($) | Provided by the Company |
| Junior Participation Cut-off Date Margin | Provided by the Company |
| Takeout Rate Assumption | Provided by the Company |
| Stabilized Value Used For As-Is LTV (Y/N) | Provided by the Company |
| Loan Cross Portfolio Name | Provided by the Company |
| A-9 |
| ATTACHMENT A |
RECOMPUTED ATTRIBUTES
| Attribute | Calculation Methodology |
| Mortgage Loan Commitment Original Balance / Unit ($) | Mortgage Loan Commitment Original Balance ($) divided by Number of Units |
| Mortgage Loan Initial Unfunded Future Funding Amount ($) | Mortgage Loan Commitment Original Balance ($) minus Mortgage Loan Initial Funded Amount ($) |
| Mortgage Loan Cut-off Date Balance / Unit ($) | Mortgage Loan Cut-off Date Balance ($) divided by Number of Units |
| Mortgage Loan Future Funding Participation Cut-off Date Unfunded Balance ($) | Mortgage Loan Commitment Original Balance ($) minus Mortgage Loan Cut-off Date Balance ($) |
| Mortgage Loan Balloon Balance / Unit ($) | Mortgage Loan Balloon Balance ($) divided by Number of Units |
| Mortgage Loan Annual Debt Service Payment (IO) ($) |
For Collateral Interests that have Initial IO Period (Remaining) of greater than 0, product of Mortgage Loan Cut-off Date Balance ($), Mortgage Loan Cut-off Date Interest Rate and 365/360 For Collateral Interests that have Initial IO Period (Remaining) equal to 0, set equal to “N/A” |
| Mortgage Loan Annual Debt Service Payment (P&I) ($) |
For Collateral Interests that have Amortization Type During Initial Term equal to “Interest Only,” set equal to “N/A” For Collateral Interests that have Amortization Type During Initial Term equal to “Interest Only, then Amortizing Balloon,” the monthly P&I payment as of the Cut-off Date sourced from the Company’s Amortization Schedule, multiplied by 12 |
| Mortgage Loan Annual Debt Service Payment (Cap) ($) |
For Collateral Interests that have Amortization Type During Initial Term equal to “Interest Only,” product of Mortgage Loan Cut-off Date Balance ($), Mortgage Loan Rate Cap and 365/360 For Collateral Interests that have Amortization Type During Initial Term equal to “Interest Only, then Amortizing Balloon,” the product of (A) 12 and (B) the sum of (i) the monthly principal payment as of the Cut-off Date sourced from the Company’s Amortization Schedule, (ii) the product of (x) beginning loan balance for the August 2026 accrual period sourced from the Company’s Amortization Schedule, (y) Mortgage Loan Rate Cap and (z) 31/360 |
| B-1 |
| ATTACHMENT B |
| Attribute | Calculation Methodology |
| Aggregate Collateral Interest Cut-off Date Balance % | Collateral Interest Cut-off Date Balance ($) divided by the aggregate Collateral Interest Cut-off Date Balance ($) of all Collateral Interests |
| Collateral Interest Balloon Balance ($) |
For Collateral Interests that have Amortization Type During Initial Term equal to “Interest Only,” set to equal Collateral Interest Cut-off Date Balance ($) For Collateral Interests that have Amortization Type During Initial Term equal to “Interest Only, then Amortizing Balloon,” source from the Company’s Amortization Schedule |
| Collateral Interest Future Funding Participation Cut-off Date Unfunded Balance ($) | Mortgage Loan Commitment Original Balance ($) minus the sum of (i) Collateral Interest Cut-off Date Balance ($), (ii) Junior Participation Cut-off Date Balance and (iii) Pari Passu Funded Amount |
| Collateral Interest Annual Debt Service Payment (IO) ($) |
For Collateral Interests that have Amortization Type During Initial Term equal to “Interest Only,” Collateral Interest Cut-off Date Balance ($) multiplied by 365/360 multiplied by Collateral Interest Cut-off Date Interest Rate For Collateral Interests that have Amortization Type During Initial Term equal to “Interest Only, then Amortizing Balloon,” set to “N/A” |
| Collateral Interest Annual Debt Service Payment (P&I) ($) |
For Collateral Interests that have Amortization Type During Initial Term equal to “Interest Only,” set equal to “N/A” For Collateral Interests that have Amortization Type During Initial Term equal to “Interest Only, then Amortizing Balloon,” set to equal Mortgage Loan Annual Debt Service Payment (P&I) ($) |
| Collateral Interest Annual Debt Service Payment (Cap) ($) |
For Collateral Interests that have Amortization Type During Initial Term equal to “Interest Only,” Collateral Interest Cut-off Date Balance ($) multiplied by 365/360 multiplied by the sum of Collateral Interest Margin and Mortgage Loan Index Cap For Collateral Interests that have Amortization Type During Initial Term equal to “Interest Only, then Amortizing Balloon,” set equal to Mortgage Loan Annual Debt Service Payment (Cap) ($) |
| Pari Passu Funded Amount | Mortgage Loan Cut-off Date Balance ($) minus Collateral Interest Cut-off Date Balance ($) minus Junior Participation Cut-off Date Balance |
| B-2 |
| ATTACHMENT B |
| Attribute | Calculation Methodology |
| Mortgage Loan Cut-off Date Interest Rate | The sum of the Mortgage Loan Margin and Index Rate Assumption rounded by the applicable Index Rounding Factor for each Collateral Interest, subject to the Mortgage Loan Rate Floor |
| Mortgage Loan Rate Cap | Mortgage Loan Margin plus Mortgage Loan Index Cap |
| Mortgage Loan Rate Floor | Mortgage Loan Margin plus Mortgage Loan Index Floor |
| Collateral Interest Cut-off Date Interest Rate | The sum of the Collateral Interest Margin and Index Rate Assumption rounded by the applicable Index Rounding Factor for each Collateral Interest, subject to the Mortgage Loan Rate Floor |
| Junior Participation Cut-off Date Future Funding Unfunded Balance ($) | Junior Participation Balloon Payment ($) minus Junior Participation Cut-off Date Balance |
| Junior Participation Cut-off Date Interest Rate | The sum of the Junior Participation Cut-off Date Margin and Index Rate Assumption rounded by the applicable Index Rounding Factor for each Collateral Interest, subject to the Mortgage Loan Rate Floor |
|
Initial IO Period
|
For all Collateral Interests for which Amortization Type During Initial Term is “Interest Only,” number of payments between and including the First Payment Date and the Initial Maturity Date or Anticipated Repayment Date For all Collateral Interests for which Amortization Type During Initial Term is “Interest Only, then Amortizing Balloon,” number of payments between and including the First Payment Date and the payment before the commencement of the amortization term as sourced from the Loan Agreement, Company’s Amortization Schedule, or Promissory Note |
| Initial IO Period (Remaining) |
For all Collateral Interests for which Amortization Type During Initial Term is “Interest Only,” Initial IO Period minus Seasoning (months) For all Collateral Interests for which Amortization Type During Initial Term is “Interest Only, then Amortizing Balloon,” number of interest only payments between the Cut-off Date and the Initial Maturity or Anticipated Repayment Date as sourced from the Loan Agreement |
| B-3 |
| ATTACHMENT B |
| Attribute | Calculation Methodology |
| Original Loan Term (Initial) | Number of payments between and including the First Payment Date and Initial Maturity Date or Anticipated Repayment Date |
| Original Loan Term (Remaining) | Original Loan Term (Initial) minus Seasoning (months) |
| Seasoning (months) | Number of payments between the First Payment Date and Cut-off Date, subject to a minimum of zero |
| First Extension Fee | First Extension Fee % multiplied by Mortgage Loan Balloon Balance ($) |
| First Extension Floor | Equals the Mortgage Loan Index Floor |
| Second Extension Fee | Second Extension Fee % multiplied by Mortgage Loan Balloon Balance ($) |
| Second Extension Floor | Equals the Mortgage Loan Index Floor |
| Third Extension Fee | Third Extension Fee % multiplied by Mortgage Loan Balloon Balance ($) |
| Third Extension Floor | Equals the Mortgage Loan Index Floor |
| Fourth Extension Fee | Fourth Extension Fee % multiplied by Mortgage Loan Balloon Balance ($) |
| Fourth Extension Floor | Equals the Mortgage Loan Index Floor |
| Fully Extended Loan Term (Initial) | Number of payments between and including the First Payment Date and Fully Extended Maturity Date |
| Fully Extended Loan Term (Remaining) | Fully Extended Loan Term (Initial) minus Seasoning (months) |
| Mortgage Loan Most Recent NOI DSCR | Most Recent NOI divided by the lesser of (i) Mortgage Loan Annual Debt Service Payment (IO) ($) or Mortgage Loan Annual Debt Service Payment (P&I), as applicable, and (ii) Mortgage Loan Annual Debt Service Payment (Cap) ($) |
| B-4 |
| ATTACHMENT B |
| Attribute | Calculation Methodology |
| Mortgage Loan Most Recent NCF DSCR | Most Recent NCF divided by the lesser of (i) Mortgage Loan Annual Debt Service Payment (IO) ($) or Mortgage Loan Annual Debt Service Payment (P&I), as applicable, and (ii) Mortgage Loan Annual Debt Service Payment (Cap) ($) |
| Cut-off Date Mortgage Loan Most Recent NOI Debt Yield | Most Recent NOI divided by Mortgage Loan Cut-off Date Balance ($) |
| Cut-off Date Mortgage Loan Most Recent NCF Debt Yield | Most Recent NCF divided by Mortgage Loan Cut-off Date Balance ($) |
| Collateral Interest Most Recent NOI DSCR |
For all Collateral Interests for which Amortization Type During Initial Term is “Interest Only,” Most Recent NOI divided by the product of (i) the sum of Collateral Interest Cut-off Date Balance ($) and Pari Passu Funded Amount, (ii) the lesser of Collateral Interest Cut-off Date Interest Rate and Mortgage Loan Rate Cap and (iii) 365/360 For all Collateral Interests for which Amortization Type During Initial Term is “Interest Only, then Amortizing Balloon,” Most Recent NOI divided by the lesser of (i) Mortgage Loan Annual Debt Service Payment (P&I), as applicable, and (ii) Mortgage Loan Annual Debt Service Payment (Cap) ($) |
| Collateral Interest Most Recent NCF DSCR |
For all Collateral Interests for which Amortization Type During Initial Term is “Interest Only,” Most Recent NCF divided by the product of (i) the sum of Collateral Interest Cut-off Date Balance ($) and Pari Passu Funded Amount, (ii) the lesser of Collateral Interest Cut-off Date Interest Rate and Mortgage Loan Rate Cap and (iii) 365/360 For all Collateral Interests for which Amortization Type During Initial Term is “Interest Only, then Amortizing Balloon,” Most Recent NCF divided by the lesser of (i) Mortgage Loan Annual Debt Service Payment (P&I), as applicable, and (ii) Mortgage Loan Annual Debt Service Payment (Cap) ($) |
| Cut-off Date Collateral Interest Most Recent NOI Debt Yield | Most Recent NOI divided by the sum of (i) Collateral Interest Cut-off Date Balance ($) and (ii) Pari Passu Funded Amount |
| Cut-off Date Collateral Interest Most Recent NCF Debt Yield | Most Recent NCF divided by the sum of (i) Collateral Interest Cut-off Date Balance ($) and (ii) Pari Passu Funded Amount |
| B-5 |
| ATTACHMENT B |
| Attribute | Calculation Methodology |
| Mortgage Loan Cut-off Date Balance Underwritten NOI DSCR | Underwritten NOI ($) divided by the lesser of (i) Mortgage Loan Annual Debt Service Payment (IO) ($) or Mortgage Loan Annual Debt Service Payment (P&I), as applicable and (ii) Mortgage Loan Annual Debt Service Payment (Cap) ($) |
| Mortgage Loan Cut-off Date Balance Underwritten NCF DSCR | Underwritten NCF ($) divided by the lesser of (i) Mortgage Loan Annual Debt Service Payment (IO) ($) or Mortgage Loan Annual Debt Service Payment (P&I), as applicable and (ii) Mortgage Loan Annual Debt Service Payment (Cap) ($) |
| Mortgage Loan Cut-off Date Balance Underwritten NOI Debt Yield | Underwritten NOI ($) divided by Mortgage Loan Cut-off Date Balance ($) |
| Mortgage Loan Cut-off Date Balance Underwritten NCF Debt Yield | Underwritten NCF ($) divided by Mortgage Loan Cut-off Date Balance ($) |
| Collateral Interest Cut-off Date Balance Underwritten NOI DSCR |
For all Collateral Interests for which Amortization Type During Initial Term is “Interest Only,” Underwritten NOI ($) divided by the product of (i) the sum of Collateral Interest Cut-off Date Balance ($) and Pari Passu Funded Amount, (ii) the lesser of Collateral Interest Cut-off Date Interest Rate and Mortgage Loan Rate Cap and (iii) 365/360 For all Collateral Interests for which Amortization Type During Initial Term is “Interest Only, then Amortizing Balloon,” Underwritten NOI ($) divided by the lesser of (i) Mortgage Loan Annual Debt Service Payment (P&I), as applicable, and (ii) Mortgage Loan Annual Debt Service Payment (Cap) ($) |
| Collateral Interest Cut-off Date Balance Underwritten NCF DSCR |
For all Collateral Interests for which Amortization Type During Initial Term is “Interest Only,” Underwritten NCF ($) divided by the product of (i) the sum of Collateral Interest Cut-off Date Balance ($) and Pari Passu Funded Amount, (ii) the lesser of Collateral Interest Cut-off Date Interest Rate and Mortgage Loan Rate Cap and (iii) 365/360 For all Collateral Interests for which Amortization Type During Initial Term is “Interest Only, then Amortizing Balloon,” Underwritten NCF ($) divided by the lesser of (i) Mortgage Loan Annual Debt Service Payment (P&I), as applicable, and (ii) Mortgage Loan Annual Debt Service Payment (Cap) ($) |
| Collateral Interest Cut-off Date Balance Underwritten NOI Debt Yield | Underwritten NOI ($) divided by the sum of (i) Collateral Interest Cut-off Date Balance ($) and (ii) Pari Passu Funded Amount |
| B-6 |
| ATTACHMENT B |
| Attribute | Calculation Methodology |
| Collateral Interest Cut-off Date Balance Underwritten NCF Debt Yield | Underwritten NCF ($) divided by the sum of (i) Collateral Interest Cut-off Date Balance ($) and (ii) Pari Passu Funded Amount |
| Fully Funded Mortgage Loan Underwritten Stabilized NOI DSCR | Underwritten Stabilized NOI ($) divided by the lesser of (i) the product of (a) Mortgage Loan Balloon Balance ($), (b) Mortgage Loan Cut-off Date Interest Rate and (c) 365/360 and (ii) the product of (a) Mortgage Loan Balloon Balance ($), (b) Mortgage Loan Rate Cap and (c) 365/360 |
| Fully Funded Mortgage Loan Underwritten Stabilized NCF DSCR | Underwritten Stabilized NCF ($) divided by the lesser of (i) the product of (a) Mortgage Loan Balloon Balance ($), (b) Mortgage Loan Cut-off Date Interest Rate and (c) 365/360 and (ii) the product of (a) Mortgage Loan Balloon Balance ($), (b) Mortgage Loan Rate Cap and (c) 365/360 |
| Fully Funded Mortgage Loan Underwritten Stabilized NOI Debt Yield | Underwritten Stabilized NOI ($) divided by Mortgage Loan Balloon Balance ($) |
| Fully Funded Mortgage Loan Underwritten Stabilized NCF Debt Yield | Underwritten Stabilized NCF ($) divided by Mortgage Loan Balloon Balance ($) |
| Collateral Interest Underwritten Stabilized NOI DSCR | Underwritten Stabilized NOI ($) divided by the product of (i) the sum of (a) Collateral Interest Cut-off Date Balance ($), (b) Collateral Interest Future Funding Participation Cut-off Date Unfunded Balance ($) and (c) Pari Passu Funded Amount, (ii) Collateral Interest Cut-off Date Interest Rate, and (iii) 365/360 |
| Collateral Interest Underwritten Stabilized NCF DSCR | Underwritten Stabilized NCF ($) divided by the product of (i) the sum of (a) Collateral Interest Cut-off Date Balance ($), (b) Collateral Interest Future Funding Participation Cut-off Date Unfunded Balance ($), and (c) Pari Passu Funded Amount, (ii) Collateral Interest Cut-off Date Interest Rate, and (iii) 365/360 |
| Collateral Interest Underwritten Stabilized NOI Debt Yield | Underwritten Stabilized NOI ($) divided by the sum of (i) Collateral Interest Cut-off Date Balance ($), (ii) Collateral Interest Future Funding Participation Cut-off Date Unfunded Balance ($), and (iii) Pari Passu Funded Amount |
| Collateral Interest Underwritten Stabilized NCF Debt Yield | Underwritten Stabilized NCF ($) divided by the sum of (i) Collateral Interest Cut-off Date Balance ($), (ii) Collateral Interest Future Funding Participation Cut-off Date Unfunded Balance ($), and (iii) Pari Passu Funded Amount |
| B-7 |
| ATTACHMENT B |
| Attribute | Calculation Methodology |
| Fully Funded Mortgage Loan Appraisal Stabilized NOI DSCR | Appraisal Stabilized NOI ($) divided by the lesser of (i) the product of (a) Mortgage Loan Balloon Balance ($), (b) Mortgage Loan Cut-off Date Interest Rate and (c) 365/360 and (ii) the product of (a) Mortgage Loan Balloon Balance ($), (b) Mortgage Loan Rate Cap and (c) 365/360 |
| Fully Funded Mortgage Loan Appraisal Stabilized NCF DSCR | Appraisal Stabilized NCF ($) divided by the lesser of (i) the product of (a) Mortgage Loan Balloon Balance ($), (b) Mortgage Loan Cut-off Date Interest Rate and (c) 365/360 and (ii) the product of (a) Mortgage Loan Balloon Balance ($), (b) Mortgage Loan Rate Cap and (c) 365/360 |
| Fully Funded Mortgage Loan Appraisal Stabilized NOI Debt Yield | Appraisal Stabilized NOI ($) divided by Mortgage Loan Balloon Balance ($) |
| Fully Funded Mortgage Loan Appraisal Stabilized NCF Debt Yield | Appraisal Stabilized NCF ($) divided by Mortgage Loan Balloon Balance ($) |
| Collateral Interest Appraisal Stabilized NOI DSCR | Appraisal Stabilized NOI ($) divided by the product of (i) the sum of (a) Collateral Interest Cut-off Date Balance ($), (b) Collateral Interest Future Funding Participation Cut-off Date Unfunded Balance ($) and (c) Pari Passu Funded Amount, (ii) Collateral Interest Cut-off Date Interest Rate, and (iii) 365/360 |
| Collateral Interest Appraisal Stabilized NCF DSCR | Appraisal Stabilized NCF ($) divided by the product of (i) the sum of (a) Collateral Interest Cut-off Date Balance ($), (b) Collateral Interest Future Funding Participation Cut-off Date Unfunded Balance ($) and (c) Pari Passu Funded Amount, (ii) Collateral Interest Cut-off Date Interest Rate, and (iii) 365/360 |
| Collateral Interest Appraisal Stabilized NOI Debt Yield | Appraisal Stabilized NOI ($) divided by the sum of (i) Collateral Interest Cut-off Date Balance ($), (ii) Collateral Interest Future Funding Participation Cut-off Date Unfunded Balance ($), and (iii) Pari Passu Funded Amount |
| Collateral Interest Appraisal Stabilized NCF Debt Yield | Appraisal Stabilized NCF ($) divided by the sum of (i) Collateral Interest Cut-off Date Balance ($), (ii) Collateral Interest Future Funding Participation Cut-off Date Unfunded Balance ($), and (iii) Pari Passu Funded Amount |
| Total Debt Cut-off Date Balance ($) | Mortgage Loan Cut-off Date Balance ($) plus Subordinate Debt Cut-off Date Balance ($) |
| B-8 |
| ATTACHMENT B |
| Attribute | Calculation Methodology |
| Total Debt Cut-off Date As-Is LTV | Total Debt Cut-off Date Balance ($) divided by As-Is Appraised Value ($) |
| Total Debt Cut-off Date UW NCF DSCR | Underwritten NCF ($) divided by the sum of (a) the lesser of Mortgage Loan Annual Debt Service Payment (IO) ($) or Mortgage Loan Annual Debt Service Payment (P&I) ($), as applicable and Mortgage Loan Annual Debt Service Payment (Cap) ($) and (b) the product of (i) Subordinate Debt Cut-off Date Balance ($), (ii) Subordinate Debt Interest Rate, and (iii) 365/360, subject to any subordinate debt interest rate cap in place |
| Total Debt Cut-off Date UW NOI DY | Underwritten NOI ($) divided by Total Debt Cut-off Date Balance ($) |
| Mortgage Loan Cut-off Date As-Is LTV Ratio | Mortgage Loan Cut-off Date Balance ($) divided by As-Is Appraised Value ($) |
| Mortgage Loan Commitment Maturity Date Stabilized LTV Ratio | Mortgage Loan Balloon Balance ($) divided by Stabilized Appraised Value ($) |
| Collateral Interest Cut-off Date As-Is LTV Ratio | Sum of (i) Collateral Interest Cut-off Date Balance ($) and (ii) Pari Passu Funded Amount, divided by As-Is Appraised Value ($) |
| Collateral Interest Commitment Maturity Date Stabilized LTV Ratio | Sum of (i) Collateral Interest Cut-off Date Balance ($), (ii) Collateral Interest Future Funding Participation Cut-off Date Unfunded Balance ($), and (iii) Pari Passu Funded Amount, divided by Stabilized Appraised Value ($) |
| Largest Tenant Square Feet % | Largest Tenant Square Feet divided by Number of Units |
| 2nd Largest Tenant Square Feet % | 2nd Largest Tenant Square Feet divided by Number of Units |
| 3rd Largest Tenant Square Feet % | 3rd Largest Tenant Square Feet divided by Number of Units |
| 4th Largest Tenant Square Feet % | 4th Largest Tenant Square Feet divided by Number of Units |
| 5th Largest Tenant Square Feet % | 5th Largest Tenant Square Feet divided by Number of Units |
| Exit Fee ($) / Deferred Origination Fee ($) | Exit Fee % / Deferred Origination Fee (%) multiplied by Mortgage Loan Balloon Balance ($) |
| B-9 |
| ATTACHMENT B |
| Attribute | Calculation Methodology |
| Cut-off Date Total Debt Ann Debt Service ($) | Sum of (i) the lesser of (a) Mortgage Loan Annual Debt Service Payment (IO) ($) or Mortgage Loan Annual Debt Service Payment (P&I) ($), as applicable and (b) Mortgage Loan Annual Debt Service Payment (Cap) ($) and (ii) the product of Subordinate Debt Cut-off Date Balance ($), Subordinate Debt Interest Rate and 365/360 |
| B-10 |
| ATTACHMENT C |
INSTRUCTIONS
| 1. | For those Compared Attributes or Recomputed Attributes with the Instruction indicated as “Provided by the Company” we were instructed by the Company to assume the attribute is accurate and not perform any procedure. |
| 2. | We were instructed by the Company to follow the instructions listed below pertaining to the applicable Collateral Interests and Mortgaged Properties and Compared Attribute(s) or Recomputed Attribute(s): |
| Collateral Interest/Mortgaged Property Name | Compared Attribute(s) or Recomputed Attribute(s) | Company Instruction |
| The Jasper; Triton Cay Daytona; Embark at The Crossings; The Pike; Seaton Preserve; The Oliver Sawyer Yards; The Preserve; Triton Scotts; Prospect on Central; One Piedmont; 2270 CVR; 95 Shepherds Lane; 2815 East Centerville Garland; Casa Real; 7856 Ellis Road | Mortgage Loan Cut-off Date Balance Underwritten NOI DSCR; Mortgage Loan Cut-off Date Balance Underwritten NCF DSCR; Collateral Interest Cut-off Date Balance Underwritten NOI DSCR; Collateral Interest Cut-off Date Balance Underwritten NCF DSCR; Total Debt Cut-off Date UW NCF DSCR | Set to 1.00x |
| South Banks Apartments | Mortgage Loan Cut-off Date Balance Underwritten NCF DSCR; Collateral Interest Cut-off Date Balance Underwritten NCF DSCR; Total Debt Cut-off Date UW NCF DSCR | Set to 1.00x |
| The Jasper; One Piedmont; 95 Shepherds Lane; Casa Real | Fully Funded Mortgage Loan Underwritten Stabilized NOI DSCR; Fully Funded Mortgage Loan Underwritten Stabilized NCF DSCR; Collateral Interest Underwritten Stabilized NOI DSCR; Collateral Interest Underwritten Stabilized NCF DSCR | Set to 1.00x |
| Triton Scotts | Fully Funded Mortgage Loan Underwritten Stabilized NCF DSCR; Collateral Interest Underwritten Stabilized NCF DSCR | Set to 1.00x |
| Riverfront Lofts | Tax Escrow (Monthly)($); Insurance Escrow (Monthly)($) | Provided by the Company |
| The Jasper; Prospect on Central | Subordinate Debt Cut-off Date Balance ($) | Provided by the Company |
| Triton Cay Daytona | Replacement Reserve (Monthly)($) | Provided by the Company |
| Henderson 515 Logistics Center | Loan Purpose | Provided by the Company |
| Embark at The Crossings | Collateral Interest Margin | Provided by the Company |
| C-1 |
| ATTACHMENT C |
| Collateral Interest/Mortgaged Property Name | Compared Attribute(s) or Recomputed Attribute(s) | Company Instruction |
| Triton Cay Daytona; The Oliver Sawyer Yards; The Preserve; One Piedmont | Future Funding Advance Conditions | Provided by the Company |
| 94-104 Glenn Street | Fully Funded Mortgage Loan Underwritten Stabilized NOI DSCR; Fully Funded Mortgage Loan Underwritten Stabilized NCF DSCR; Fully Funded Mortgage Loan Appraisal Stabilized NOI DSCR; Fully Funded Mortgage Loan Appraisal Stabilized NCF DSCR | Provided by the Company |
| C-2 |