Exhibit 1

Ernst & Young LLP

One Manhattan West

New York, NY 10001

Tel: +1 212 773 3000

ey.com

Report of Independent Accountants on Applying Agreed-Upon Procedures

Morgan Stanley Capital I Inc. (the “Depositor”)

Morgan Stanley Mortgage Capital Holdings LLC

Morgan Stanley & Co. LLC

Morgan Stanley Bank, N.A.

German American Capital Corporation

Deutsche Bank Securities Inc.

(collectively, the “Specified Parties”)

	Re:	SWVP Trust 2026-PNCL (the “Issuing Entity”)
		Commercial Mortgage Pass-Through Certificates, Series 2026-PNCL (the “Certificates”)

We have performed the procedures enumerated in Attachment A, which were agreed to and acknowledged as appropriate by the Specified Parties, for the intended purpose of assisting the Specified Parties in evaluating the accuracy of certain information with respect to the Mortgage Loan (as defined herein) contained on the Data Files (as defined herein) (the “Subject Matter”) relating to the Issuing Entity’s securitization transaction as of 8 September 2026. This report may not be suitable for any other purpose. The procedures performed may not address all of the items of interest to a user of the report and may not meet the needs of all users of the report and, as such, users are responsible for determining whether the procedures performed are appropriate for their purposes. The appropriateness of these procedures is solely the responsibility of the Specified Parties identified in this report. No other party acknowledged the appropriateness of the procedures. Consequently, we make no representation regarding the appropriateness of the procedures described in Attachment A, either for the purpose for which this report has been requested or for any other purpose.

The procedures performed and our associated findings are included in Attachment A.

For the purpose of the procedures described in this report, the Depositor provided us with:

Certain electronic data files (the “Data Files”) that are described in Attachment A,

Copies of various source documents (the “Source Documents”), which are listed on Exhibit 1 to Attachment A,

A list of characteristics on the Data Files (the “Compared Characteristics”), which are listed on Exhibit 2 to Attachment A, that the Depositor instructed us to compare to information contained in the Source Documents,

A list of characteristics on the Data Files (the “Recalculated Characteristics”), which are described in Attachment A, that the Depositor instructed us to recalculate using information on the Data Files,

A list of characteristics on the Data Files (the “Provided Characteristics”), which are listed on Exhibit 3 to Attachment A, on which the Depositor instructed us to perform no procedures,

A draft of the preliminary confidential offering circular for the Issuing Entity’s securitization transaction (the “Draft Preliminary Offering Circular”) and

Instructions, assumptions and methodologies, which are described in Attachment A.

Page 2 of 3

The procedures included in Attachment A were limited to comparing or recalculating certain information that is further described in Attachment A. The Depositor is responsible for the Subject Matter, Data Files, Source Documents, Compared Characteristics, Recalculated Characteristics, Provided Characteristics, Draft Preliminary Offering Circular and the determination of the instructions, assumptions and methodologies that are described herein. We were not requested to perform, and we have not performed, any procedures other than those listed in Attachment A with respect to the Data Files. We have not verified, and we make no representation as to, the appropriateness, accuracy, completeness or reasonableness of the Source Documents, Provided Characteristics, Draft Preliminary Offering Circular or any other information provided to us by the Depositor upon which we relied in forming our findings. Accordingly, we make no representation and express no opinion or conclusion as to: (a) the existence of the Mortgage Loan, (b) questions of legal or tax interpretation or (c) the appropriateness, accuracy, completeness or reasonableness of any instructions, assumptions and methodologies provided to us by the Depositor that are described in this report. We undertake no responsibility to update this report for events and circumstances occurring after the date hereof.

This agreed-upon procedures engagement was conducted in accordance with attestation standards established by the American Institute of Certified Public Accountants (the “AICPA”). An agreed-upon procedures engagement involves the practitioner performing specific procedures that the Specified Parties have agreed to and acknowledged to be appropriate for the purpose of the engagement and reporting on findings based on the procedures performed. We were not engaged to, and did not, conduct an examination to express an opinion or a review to express a conclusion in accordance with attestation standards established by the AICPA on any of the items referred to herein. Accordingly, we do not express such an opinion or conclusion. Had we performed additional procedures, other matters might have come to our attention that would have been reported to you.

The agreed-upon procedures described in this report were not performed for the purpose of:

Satisfying any criteria for due diligence published by a nationally recognized statistical rating organization (a “rating agency”) or

Making any findings with respect to:

Whether the origination of the Mortgage Loan conformed to, or deviated from, stated underwriting or credit extension guidelines, standards, criteria, or other requirements,

ii.

The value of the collateral securing the Mortgage Loan,

iii.

Whether the originator(s) of the Mortgage Loan complied with federal, state or local laws or regulations or

iv.

Any other factor or characteristic of the Mortgage Loan that would be material to the likelihood that the issuer of the Certificates will pay interest and principal in accordance with applicable terms and conditions.

Page 3 of 3

We are required to be independent of the Depositor and to meet our other ethical responsibilities, as applicable for agreed-upon procedures engagements set forth in the Preface: Applicable to All Members and Part 1 – Members in Public Practice of the Code of Professional Conduct established by the AICPA. Independence requirements for agreed-upon procedures engagements are less restrictive than independence requirements for audit and other attestation services.

This report is intended solely for the information and use of the Specified Parties and is not intended to be, and should not be, used by anyone other than the Specified Parties. It is not intended to be, and should not be, used by any other person or entity, including investors and rating agencies, who are not identified in the report as Specified Parties, but who may have access to this report as required by law or regulation.

/s/ Ernst & Young LLP

8 September 2026

Attachment A
Page 1 of 4

Background

For the purpose of the procedures described in this report, the Depositor indicated that:

The assets of the Issuing Entity will consist primarily of a floating rate commercial mortgage loan (the “Mortgage Loan”) and

The Mortgage Loan will be secured primarily by a commercial property (the “Property”).

Procedures performed and our associated findings

The Depositor provided us with:

An electronic data file (the “Preliminary Data File”) that the Depositor indicated contains information relating to the Mortgage Loan and Property that is expected to be as of 17 September 2026 (the “Reference Date”) and

Record layout and decode information relating to the information on the Preliminary Data File.

Using the information in the Source Documents, we compared the Compared Characteristics listed on Exhibit 2 to Attachment A, as shown on the Preliminary Data File, to the corresponding information in the Source Documents indicated on Exhibit 2 to Attachment A, subject to the instructions, assumptions and methodologies stated in the notes on Exhibit 2 to Attachment A. If more than one Source Document is listed for a Compared Characteristic, the Depositor instructed us to note agreement if the value on the Preliminary Data File for the Compared Characteristic agreed with the corresponding information in at least one of the Source Documents listed for such Compared Characteristic on Exhibit 2 to Attachment A (except as described in the notes on Exhibit 2 to Attachment A). We performed no procedures to reconcile any differences that may exist between various Source Documents for any of the Compared Characteristics listed on Exhibit 2 to Attachment A.

We performed certain procedures on earlier versions of the Data Files and communicated differences prior to being provided the Data Files which were subjected to the procedures as described herein.

As instructed by the Depositor, we adjusted the information on the Preliminary Data File to correct all the differences we noted in performing the procedures described in the Item above and provided a list of such differences to the Depositor. The Preliminary Data File, as so adjusted, is hereinafter referred to as the “Updated Data File.”

Subsequent to the performance of the procedures described in the Items above, we received from the Depositor:

An electronic data file (the “Final Data File,” which together with the Preliminary Data File comprise the Data Files) that the Depositor indicated contains information relating to the Mortgage Loan and Property as of the Reference Date and

Record layout and decode information relating to the information on the Final Data File.

Attachment A
Page 2 of 4

3. (continued)

Using information on the:

Final Data File and

Updated Data File,

we compared each Compared Characteristic listed on Exhibit 2 to Attachment A, as shown on the Final Data File, to the corresponding information on the Updated Data File and found such information to be in agreement.

Using the “First Payment Date,” as shown on the Final Data File, we recalculated the “Seasoning” of the Mortgage Loan as of the Reference Date. We compared this recalculated information to the corresponding information on the Final Data File and found such information to be in agreement.

Using the:

First Payment Date and

Maturity Date,

as shown on the Final Data File, we recalculated the “Original Loan Term (mos)” of the Mortgage Loan. We compared this recalculated information to the corresponding information on the Final Data File and found such information to be in agreement.

Using the:

Original Loan Term (mos) and

Seasoning,

as shown on the Final Data File, we recalculated the “Remaining Loan Term (mos)” of the Mortgage Loan. We compared this recalculated information to the corresponding information on the Final Data File and found such information to be in agreement.

The applicable Source Document(s) indicate that the Mortgage Loan is interest-only for its entire term, including during any extension periods. Based on this information, the Depositor instructed us to:

Use the “Original Loan Term (mos),” as shown on the Final Data File, for the original interest-only period of the Mortgage Loan (the “IO Term (mos)”),

Use “0” for the original amortization term of the Mortgage Loan (the “Original Amortization Term”) and

Use the “Mortgage Loan Original Balance,” as shown on the Final Data File, for the:

Principal balance of the Mortgage Loan as of the Reference Date (the “Mortgage Loan Cut-off Date Balance”) and

ii.

Principal balance of the Mortgage Loan as of the “Maturity Date” of the Mortgage Loan (the “Mortgage Loan Balloon Balance”).

We compared this information to the corresponding information on the Final Data File and found such information to be in agreement.

Attachment A
Page 3 of 4

Using the:

Mortgage Loan Spread,

Mortgage Loan SOFR Floor and

Mortgage Loan SOFR Rounding Methodology,

as shown on the Final Data File, and a SOFR assumption of 3.80000% provided by the Depositor, we recalculated the “Mortgage Loan Interest Rate” of the Mortgage Loan. We compared this recalculated information to the corresponding information on the Final Data File and found such information to be in agreement.

Using the:

Mortgage Loan Original Balance,

Mortgage Loan Interest Rate and

Interest Accrual Method,

as shown on the Final Data File, and the calculation methodologies provided by the Depositor described in the succeeding paragraph(s) of this Item, we recalculated the:

Mortgage Loan Monthly IO Payment and

ii.

Mortgage Loan Annual IO Debt Service

of the Mortgage Loan. We compared this recalculated information to the corresponding information on the Final Data File and found such information to be in agreement.

For the purpose of this procedure, the Depositor instructed us to recalculate the “Mortgage Loan Monthly IO Payment” of the Mortgage Loan as 1/12^th of the product, rounded to two decimal places, of:

The “Mortgage Loan Original Balance,” as shown on the Final Data File,

The “Mortgage Loan Interest Rate,” as shown on the Final Data File, and

365/360.

For the purpose of this procedure, the Depositor instructed us to recalculate the “Mortgage Loan Annual IO Debt Service” of the Mortgage Loan as twelve (12) times the “Mortgage Loan Monthly IO Payment,” as shown on the Final Data File.

Attachment A
Page 4 of 4

10.

Using the:

Mortgage Loan Annual IO Debt Service,

Mortgage Loan Cut-off Date Balance,

Mortgage Loan Balloon Balance,

Underwritten NOI,

Underwritten NCF,

Appraisal Value and

Collateral SF,

as shown on the Final Data File, and the applicable calculation methodologies and assumptions described in the Draft Preliminary Offering Circular, we recalculated the:

Underwritten Mortgage Loan IO NOI DSCR,

ii.

Underwritten Mortgage Loan IO NCF DSCR,

iii.

Cut-off Date Mortgage Loan LTV,

iv.

Maturity Date Mortgage Loan LTV,

Underwritten Mortgage Loan NOI Debt Yield,

vi.

Underwritten Mortgage Loan NCF Debt Yield and

vii.

Mortgage Loan Per SF

of the Mortgage Loan. We compared this recalculated information to the corresponding information on the Final Data File and found such information to be in agreement.

For the purpose of this procedure, the Depositor instructed us to:

Round the characteristics listed in i. through ii. above to two decimal places and

Round the characteristics listed in iii. through vi. above to the nearest 1/10^th of one percent.

11.

Using the:

Mortgage Loan Interest Rate and

Administrative Fee Rate,

as shown on the Final Data File, we recalculated the “Net Interest Rate” of the Mortgage Loan. We compared this recalculated information to the corresponding information on the Final Data File and found such information to be in agreement.

Exhibit 1 to Attachment A
Page 1 of 2

Source Documents

Mortgage Loan Source Documents

Source Document Title	Source Document Date

Mortgage Loan Promissory Note (see Note 1)	1 September 2026

Mortgage Loan Agreement (see Note 1)	4 September 2026

Non-Consolidation Opinion (see Note 1)	1 September 2026

Guaranty Agreement (see Note 1)	1 September 2026

Cash Management Agreement (see Note 1)	1 September 2026

Blocked Account Control Agreement (see Note 1)	1 September 2026

Environmental Indemnity Agreement (see Note 1)	1 September 2026

Assignment of Management Agreement (see Note 1)	1 September 2026

Assignment of Interest Rate Cap (see Note 1)	1 September 2026

Administrative Fee Schedule	Not Dated

Property Source Documents

Source Document Title	Source Document Date

Appraisal Report	12 August 2026

Engineering Report	12 August 2026

Phase I Environmental Report	12 August 2026

Underwriter’s Summary Report	Not Dated

Underwritten Rent Roll	27 August 2026

Tenant Lease Documents	Various

Insurance Risk Analysis (see Note 1)	2 September 2026

Bloomberg Screenshot(s)	Not Dated

Pro Forma Title Policy	Not Dated

Exhibit 1 to Attachment A
Page 2 of 2

Property Source Documents (continued)

Source Document Title	Source Document Date

Third Party Market Reports	Various

Outstanding Leasing Costs & Free Rent Schedule	Not Dated

Note:

The indicated provided Source Document(s) are draft document(s) with the Source Document Date reflecting the latest date of receipt. For the purpose of the procedures described in this report, the Depositor instructed us to treat the indicated Source Document(s) as fully executed.

Exhibit 2 to Attachment A
Page 1 of 5

Compared Characteristics and Source Documents

Property Information:

Characteristic	Source Document(s)

Street Address	Appraisal Report
City	Appraisal Report
State	Appraisal Report
County	Appraisal Report
Zip Code	Appraisal Report
Property Type	Appraisal Report
Property Type Detail	Appraisal Report
Year Built	Appraisal Report
Most Recent Renovation	Appraisal Report
Collateral SF	Underwritten Rent Roll
Collateral Occupancy Rate	Underwritten Rent Roll
Total Property SF	Underwritten Rent Roll
Total Property Occupancy Rate	Underwritten Rent Roll
Occupancy As of Date	Underwritten Rent Roll

Third Party Information:

Characteristic	Source Document(s)

Appraisal Value	Appraisal Report
Appraisal Date	Appraisal Report
Environmental Phase I Report Date	Phase I Environmental Report
Engineering Report Date	Engineering Report
Terrorism Insurance	Insurance Risk Analysis
Windstorm Insurance	Insurance Risk Analysis
Earthquake Insurance	Insurance Risk Analysis
Flood Insurance	Insurance Risk Analysis

Major Tenant Information:

Characteristic	Source Document(s)

Major Tenant 1	Underwritten Rent Roll
Major Tenant 1 Sq. Ft.	Underwritten Rent Roll
Major Tenant 1 Expiration	Underwritten Rent Roll
Major Tenant 2	Underwritten Rent Roll
Major Tenant 2 Sq. Ft.	Underwritten Rent Roll
Major Tenant 2 Expiration	Underwritten Rent Roll
Major Tenant 3	Underwritten Rent Roll

Exhibit 2 to Attachment A
Page 2 of 5

Major Tenant Information: (continued)

Characteristic	Source Document(s)

Major Tenant 3 Sq. Ft.	Underwritten Rent Roll
Major Tenant 3 Expiration	Underwritten Rent Roll
Major Tenant 4	Underwritten Rent Roll
Major Tenant 4 Sq. Ft.	Underwritten Rent Roll
Major Tenant 4 Expiration	Underwritten Rent Roll
Major Tenant 5	Underwritten Rent Roll
Major Tenant 5 Sq. Ft.	Underwritten Rent Roll
Major Tenant 5 Expiration	Underwritten Rent Roll

Underwriting Information:

Characteristic	Source Document(s)

Third Most Recent NOI Date	Underwriter’s Summary Report
Third Most Recent NOI	Underwriter’s Summary Report
Second Most Recent NOI Date	Underwriter’s Summary Report
Second Most Recent NOI	Underwriter’s Summary Report
Most Recent NOI Date	Underwriter’s Summary Report
Most Recent Description	Underwriter’s Summary Report
Most Recent Revenue	Underwriter’s Summary Report
Most Recent Expenses	Underwriter’s Summary Report
Most Recent NOI	Underwriter’s Summary Report
Most Recent NCF	Underwriter’s Summary Report
Underwritten Effective Gross Income	Underwriter’s Summary Report
Underwritten Expenses	Underwriter’s Summary Report
Underwritten NOI	Underwriter’s Summary Report
Underwritten Replacement Reserve	Underwriter’s Summary Report
Underwritten TI/LC Reserve	Underwriter’s Summary Report
Underwritten NCF	Underwriter’s Summary Report

Reserve and Escrow Information:

Characteristic	Source Document(s)

Real Estate Tax Escrow - Initial	Mortgage Loan Agreement
Real Estate Tax Escrow – Ongoing	Mortgage Loan Agreement
Real Estate Tax Escrow – Springing Condition	Mortgage Loan Agreement
Insurance Escrow – Initial	Mortgage Loan Agreement
Insurance Escrow – Ongoing	Mortgage Loan Agreement
Insurance Escrow – Springing Condition	Mortgage Loan Agreement
Replacement Reserve Escrow – Initial	Mortgage Loan Agreement
Replacement Reserve Escrow – Ongoing	Mortgage Loan Agreement
Replacement Reserve Escrow – Springing Condition	Mortgage Loan Agreement

Exhibit 2 to Attachment A
Page 3 of 5

Reserve and Escrow Information: (continued)

Characteristic	Source Document(s)

Rollover Escrow – Initial	Outstanding Leasing Costs & Free Rent Schedule
Rollover Escrow – Ongoing	Mortgage Loan Agreement
Rollover Escrow – Springing Condition	Mortgage Loan Agreement
Immediate Repairs Escrow - Initial	Mortgage Loan Agreement
Immediate Repairs Escrow – Ongoing	Mortgage Loan Agreement
Other Escrow Required	Mortgage Loan Agreement
Other Escrow 1 – Description	Mortgage Loan Agreement
Other Escrow 1 – Initial	Outstanding Leasing Costs & Free Rent Schedule
Other Escrow 1 – Ongoing	Mortgage Loan Agreement
Other Escrow 1 – Springing Condition	Mortgage Loan Agreement
Other Escrow 2 – Description	Mortgage Loan Agreement
Other Escrow 2 – Initial	Mortgage Loan Agreement
Other Escrow 2 – Ongoing	Mortgage Loan Agreement
Other Escrow 2 – Springing Condition	Mortgage Loan Agreement

Mortgage Loan Information:

Characteristic	Source Document(s)

Borrower	Mortgage Loan Agreement
Mortgage Loan Original Balance	Mortgage Loan Agreement
Payment Date	Mortgage Loan Agreement
Grace Period (Default)	Mortgage Loan Agreement
Grace Period (Late Fee)	Mortgage Loan Agreement
Amortization Type	Mortgage Loan Agreement
Interest Accrual Method	Mortgage Loan Agreement
Interest Accrual Start	Mortgage Loan Agreement
Interest Accrual End	Mortgage Loan Agreement
Extension Options	Mortgage Loan Agreement
Extension Option Description	Mortgage Loan Agreement
First Payment Date	Mortgage Loan Agreement
Maturity Date	Mortgage Loan Agreement
Fully Extended Maturity Date	Mortgage Loan Agreement
Mortgage Loan SOFR Rounding Methodology	Mortgage Loan Agreement
Mortgage Loan Interest Rate Adjustment Frequency	Mortgage Loan Agreement
Mortgage Loan SOFR Floor	Mortgage Loan Agreement

Exhibit 2 to Attachment A
Page 4 of 5

Mortgage Loan Information: (continued)

Characteristic	Source Document(s)

Prepay Description	Mortgage Loan Agreement
Open Period Begin Date	Mortgage Loan Agreement
Partial Release (Y/N)	Mortgage Loan Agreement
Partial Release Description	Mortgage Loan Agreement
Lockbox	Mortgage Loan Agreement
Cash Management	Mortgage Loan Agreement
Cash Management Springing Condition	Mortgage Loan Agreement
Carve-Out Guarantor(s)	Guaranty Agreement
Sponsor	Mortgage Loan Agreement
Non-Consolidation Opinion	Non-Consolidation Opinion
SPE	Mortgage Loan Agreement
Independent Director	Mortgage Loan Agreement
Future Debt Permitted (Y/N)	Mortgage Loan Agreement
Title Type	Pro Forma Title Policy
Administrative Fee Rate	Administrative Fee Schedule

Notes:

For the purpose of comparing the:

Street Address,

City and

State

characteristics, the Depositor instructed us to ignore differences that are due to standard postal abbreviations.

For the purpose of comparing the:

Appraisal Value and

Appraisal Date

characteristics, the Depositor instructed us to use the appraised value and date, respectively, as shown in the applicable Source Document(s), associated with the related “Appraisal Value Type,” as shown on the Preliminary Data File.

For the purpose of comparing the “Underwriting Information” characteristics that are expressed as dollar values, the Depositor instructed us to ignore differences of +/- $1 or less.

For the purpose of comparing the “Major Tenant Information” characteristics, the Depositor instructed us to combine multiple spaces leased by the same tenant, as shown in the applicable Source Document(s).

Exhibit 2 to Attachment A
Page 5 of 5

For the purpose of comparing the “Prepay Description” characteristic, the Depositor instructed us to ignore any partial prepayments to cure certain trigger periods or defaults, as described in the applicable Source Document(s).

For the purpose of comparing the “Lockbox” characteristic, the Depositor instructed us to use “Hard” if the applicable Source Document(s) require the borrower(s) or manager(s) to direct tenants to pay rents directly to a lockbox account controlled by the lender(s).

For the purpose of comparing the “Cash Management” characteristic, the Depositor instructed us to use “Springing” if:

Prior to the occurrence of an event of default or one or more specified trigger events described in the applicable Source Document(s), funds in the lockbox are forwarded to an account controlled by the borrower(s) or otherwise made available to the borrower(s) and

Upon the occurrence of an event of default or one or more specified trigger events described in the applicable Source Document(s), funds in the lockbox are forwarded to a cash management account controlled by the lender(s), and the funds are disbursed according to the applicable Source Document(s).

We performed no procedures to determine the appropriateness, accuracy, completeness or reasonableness of the instructions, assumptions and methodologies provided by the Depositor that are described in the notes above.

Exhibit 3 to Attachment A
Page 1 of 2

Provided Characteristics

Characteristic

Loan Number

Loan / Property Name

Origination Date

Mortgage Loan Spread

Loan Purpose

Monthly P&I Payment

Annual P&I Debt Service

Mezzanine Loan Origination Date

Mezzanine Lender

Mezzanine Loan Original Balance

Mezzanine Loan Interest Accrual Method

Mezzanine Loan SOFR Rounding Methodology

Mezzanine Loan Interest Rate Adjustment Frequency

Mezzanine Loan SOFR Floor

Mezzanine Loan SOFR Cap Strike Rate

Mezzanine Loan SOFR Cap Expiration Date

Mezzanine Loan Spread

Mezzanine Loan SOFR Cap Provider

Mezzanine Loan SOFR Cap Provider Rating (F/M/S)

Mezzanine Loan SOFR Assumption

Mezzanine Loan Interest Rate at Cap

Mezzanine Loan Interest Rate

Mezzanine Loan Balloon Balance

Mezzanine Loan Cut-off Date Balance

Mezzanine Loan Monthly IO Payment

Mezzanine Loan Annual IO Debt Service

Mezzanine Loan Annual IO Debt Service At Cap

Subordinate Loan Original Balance

Subordinate Loan Cut-off Date Balance

Subordinate Loan Monthly IO Payment

Subordinate Loan Annual IO Debt Service

Subordinate Loan Annual IO Debt Service At Cap

Subordinate Loan Balloon Balance

Subordinate Lender

Subordinate Loan Interest Accrual Method

Subordinate Loan Interest Rate

Subordinate Loan Interest Rate at Cap

Subordinate Loan Origination Date

Subordinate Loan SOFR Assumption

Subordinate Loan SOFR Rounding Methodology

Subordinate Loan Interest Rate Adjustment Frequency

Subordinate Loan Spread

Subordinate Loan SOFR Floor

Exhibit 3 to Attachment A
Page 2 of 2

Characteristic

Subordinate Loan SOFR Cap Strike Rate

Subordinate Loan SOFR Cap Expiration Date

Subordinate Loan SOFR Cap Provider

Subordinate Loan SOFR Cap Provider Rating (F/M/S)

Total Debt Original Balance

Total Debt Cut-off Date Balance

Total Debt Per SF

Total Debt Spread

Total Debt Interest Rate

Total Debt Interest Rate at Cap

Total Debt Monthly IO Payment

Total Debt Annual IO Debt Service

Total Debt Annual IO Debt Service at Cap

Total Debt Balloon Balance

Underwritten Total Debt IO NOI DSCR

Underwritten Total Debt IO NCF DSCR

Underwritten Total Debt IO NOI DSCR At Cap

Underwritten Total Debt IO NCF DSCR At Cap

Cut-off Date Total Debt LTV

Maturity Date Total Debt LTV

Underwritten Total Debt NOI Debt Yield

Underwritten Total Debt NCF Debt Yield

Environmental Phase II Report Date

PML %

Seismic Report Date

Defeasance Lockout Expiration Date

Partial Defeasance

Partial Defeasance Description

Future Debt Description

Mortgage Loan Annual IO Debt Service At Cap

Mortgage Loan Interest Rate At Cap

Mortgage Loan SOFR Cap Strike Rate

Mortgage Loan SOFR Cap Expiration Date

Mortgage Loan SOFR Cap Provider

Mortgage Loan SOFR Cap Provider Rating (F/M/S)

Underwritten Mortgage Loan IO NOI DSCR At Cap

Underwritten Mortgage Loan IO NCF DSCR At Cap

Ground Lease Expiration Date

Ground Lessor

Appraisal Value Type

Note:

We performed no procedures to determine the appropriateness, accuracy, completeness or reasonableness of the Provided Characteristics.