Ernst & Young LLP
One Manhattan West
New York, NY 10001
Tel: +1 212 773 3000
ey.com
Exhibit 1
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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
GS Mortgage Securities Corporation II (the “Depositor”)
Goldman Sachs Mortgage Company
Goldman Sachs Bank USA
Goldman Sachs & Co. LLC
(collectively, the “Specified Parties”)
| Re: | GS Mortgage Securities Corporation Trust 2026-505S (the “Issuing Entity”) Commercial Mortgage Pass-Through Certificates, Series 2026-505S (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 30 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:
| a. | Certain electronic data files (the “Data Files”) that are described in Attachment A, |
| b. | Copies of various source documents (the “Source Documents”), which are listed on Exhibit 1 to Attachment A, |
| c. | 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, |
| d. | 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, |
| e. | 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, |
| f. | A draft of the preliminary offering circular for the Issuing Entity’s securitization transaction (the “Draft Preliminary Offering Circular”) and |
| g. | 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 or review, the objective of which would be the expression of an opinion or conclusion, respectively, on the Subject Matter or 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:
| a. | Satisfying any criteria for due diligence published by a nationally recognized statistical rating organization (a “rating agency”) or |
| b. | Making any findings with respect to: |
| i. | 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
30 September 2026
| | Attachment A |
Background
For the purpose of the procedures described in this report, the Depositor indicated that:
| a. | The assets of the Issuing Entity will consist primarily of a fixed rate commercial mortgage loan (the “Mortgage Loan”) and |
| b. | The Mortgage Loan will be secured primarily by a commercial property (the “Property”). |
Procedures performed and our associated findings
| 1. | The Depositor provided us with: |
| a. | 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 8 October 2026 (the “Reference Date”) and |
| b. | 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. | ||
| 2. | 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.” |
| | Attachment A |
| 3. | Subsequent to the performance of the procedures described in the Items above, we received from the Depositor: |
| a. | 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 |
| b. | Record layout and decode information relating to the information on the Final Data File. |
Using information on the:
| a. | Final Data File and |
| b. | 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.
| 4. | Using the “First Due 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. |
| 5. | Using the: |
| a. | First Due Date and |
| b. | Anticipated Repayment Date, |
as shown on the Final Data File, we recalculated the “Original Term To Maturity (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.
| | Attachment A |
| 6. | The applicable Source Document(s) indicate that the Mortgage Loan is interest-only for its entire term. Based on this information, the Depositor instructed us to: |
| a. | Use the “Original Term To Maturity (Mos.),” as shown on the Final Data File, for the original interest-only period of the Mortgage Loan (the “Original Interest-Only Period (Mos.)”), |
| b. | Use “0” for the: |
| i. | Original amortization term of the Mortgage Loan (the “Original Amortization Term (Mos.)”) and |
| ii. | Remaining amortization term of the Mortgage Loan (the “Remaining Amortization Term (Mos.)”) and |
| c. | Use the “Mortgage Loan Original Balance ($),” as shown on the Final Data File, for: |
| i. | The principal balance of the Mortgage Loan as of the Reference Date (the “Mortgage Loan Cut-off Date Balance ($)”) and |
| ii. | The principal balance of the Mortgage Loan as of the “Anticipated Repayment Date” of the Mortgage Loan (the “Mortgage Loan Balloon Balance ($)”). |
We compared this information to the corresponding information on the Final Data File and found such information to be in agreement.
| 7. | Using the: |
| a. | Original Term To Maturity (Mos.), |
| b. | Original Interest-Only Period (Mos.) and |
| c. | Seasoning, | |
| as shown on the Final Data File, we recalculated the: | ||
| i. | Remaining Term To Maturity (Mos.) and |
| ii. | Remaining Interest-Only Period (Mos.) |
of the Mortgage Loan. We compared this recalculated information to the corresponding information on the Final Data File and found such information to be in agreement.
| | Attachment A |
| 8. | Using the: |
| a. | Mortgage Loan Original Balance ($), |
| b. | Mortgage Loan Rate (%) and |
| c. | 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:
| i. | Mortgage Loan Monthly Payment ($) and |
| ii. | Mortgage Loan Annual Debt Service ($) |
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 Payment ($)” of the Mortgage Loan as 1/12th of the product, rounded to two decimal places, of:
| a. | The “Mortgage Loan Original Balance ($),” as shown on the Final Data File, |
| b. | The “Mortgage Loan Rate (%),” as shown on the Final Data File, and |
| c. | 365/360. |
For the purpose of this procedure, the Depositor instructed us to recalculate the “Mortgage Loan Annual Debt Service ($)” of the Mortgage Loan as twelve (12) times the “Mortgage Loan Monthly Payment ($),” as shown on the Final Data File.
| | Attachment A |
| 9. | Using the: |
| a. | Mortgage Loan Annual Debt Service ($), |
| b. | Underwritten Net Operating Income ($), |
| c. | Underwritten Net Cash Flow ($), |
| d. | Mortgage Loan Cut-off Date Balance ($), |
| e. | Mortgage Loan Balloon Balance ($), |
| f. | As-Is Appraised Value ($) and |
| g. | Units, |
as shown on the Final Data File, and the applicable calculation methodologies and assumptions described in the Draft Preliminary Offering Circular, we recalculated the:
| i. | Underwritten NOI DSCR (x), |
| ii. | Underwritten NCF DSCR (x), |
| iii. | Underwritten NOI Debt Yield, |
| iv. | Underwritten NCF Debt Yield, |
| v. | Mortgage Loan Cut-off Date LTV Ratio (%), |
| vi. | Mortgage Loan LTV Ratio at Maturity (%), |
| vii. | % of Initial Loan Balance and |
| viii. | Loan Per Unit ($) |
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:
| a. | Round the characteristics listed in i., ii. and viii. above to two decimal places and |
| b. | Round the characteristics listed in iii. through vii. above to the nearest 1/10th of one percent. |
| 10. | Using the: |
| a. | Administrative Fee Rate (%) and |
| b. | Mortgage Loan Rate (%), |
as shown on the Final Data File, we recalculated the “Net Mortgage Loan 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 |
Source Documents
Mortgage Loan Source Documents
| Source Document Title | Source Document Date |
| Mortgage Loan Agreement (see Note 1) | 22 September 2026 |
| Cash Management Agreement (see Note 1) | 29 September 2026 |
| Environmental Indemnity Agreement (see Note 1) | 18 September 2026 |
| Organizational Chart | September 2026 |
| Guaranty Agreement (see Note 1) | 18 September 2026 |
Property Source Documents
| Source Document Title | Source Document Date |
| Appraisal Report | 1 September 2026 |
| Engineering Report | 24 August 2026 |
| Underwriter’s Summary Report | Not Dated |
| Underwritten Rent Roll | Not Dated |
| Borrower Rent Roll | 28 September 2026 |
| Phase I Environmental Report | 24 August 2026 |
Exhibit 1 to Attachment A |
Property Source Documents (continued)
| Source Document Title | Source Document Date |
| Property Market Data | Not Dated |
| Property Submarket Data | Not Dated |
| Property Management Agreements | Various |
| Insurance Risk Analysis (see Note 1) | 23 September 2026 |
| Pro Forma Title Policy | Not Dated |
| Lease Documents | Various |
| Lease Summary | 28 September 2026 |
Note(s):
| 1. | 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 |
Compared Characteristics and Source Documents
Property Information:
| Characteristic | Source Document(s) |
| Address | Appraisal Report |
| City | Appraisal Report |
| State | Appraisal Report |
| County | Appraisal Report |
| Zip Code | Appraisal Report |
| General Property Type | Appraisal Report |
| Detailed Property Type | Appraisal Report |
| Year Built | Appraisal Report |
| Year Renovated | Appraisal Report |
| Units | Underwritten Rent Roll |
| Occupancy (%) | Borrower Rent Roll and Lease Summary |
| Occupancy Date | Borrower Rent Roll and Lease Summary |
| Rent Steps Date | Underwritten Rent Roll |
Third Party Information:
| Characteristic | Source Document(s) |
| Appraiser Designation | Appraisal Report |
| Appraisal FIRREA (Y/N) | Appraisal Report |
| As-Is Appraisal Date | Appraisal Report |
| As-Is Appraised Value ($) | Appraisal Report |
| As-Stabilized Appraisal Date | Appraisal Report |
| As-Stabilized Appraisal Value ($) | Appraisal Report |
| Engineering Report Date | Engineering Report |
| Flood Zone | Engineering Report |
| Environmental Phase I Report Date | Phase I Environmental Report |
| Earthquake Insurance Required (Y/N) | Engineering Report |
| Blanket Insurance Policy (Y/N) | Insurance Risk Analysis |
| Single Tenant (Y/N) | Underwritten Rent Roll |
Exhibit 2 to Attachment A |
Major Tenant Information:
| Characteristic | Source Document(s) |
| Largest Tenant by UW Gross Rent | Underwritten Rent Roll |
| Largest Tenant Sq Ft by UW Gross Rent | Underwritten Rent Roll |
| Largest Tenant Lease Expiration by UW Gross Rent | Underwritten Rent Roll |
| Second Largest Tenant by UW Gross Rent | Underwritten Rent Roll |
| Second Largest Tenant Sq Ft by UW Gross Rent | Underwritten Rent Roll |
| Second Largest Tenant Lease Expiration by UW Gross Rent | Underwritten Rent Roll |
| Third Largest Tenant by UW Gross Rent | Underwritten Rent Roll |
| Third Largest Tenant Sq Ft by UW Gross Rent | Underwritten Rent Roll |
| Third Largest Tenant Lease Expiration by UW Gross Rent | Underwritten Rent Roll |
| Fourth Largest Tenant by UW Gross Rent | Underwritten Rent Roll |
| Fourth Largest Tenant Sq Ft by UW Gross Rent | Underwritten Rent Roll |
| Fourth Largest Tenant Lease Expiration by UW Gross Rent | Underwritten Rent Roll |
| Fifth Largest Tenant by UW Gross Rent | Underwritten Rent Roll |
| Fifth Largest Tenant Sq Ft by UW Gross Rent | Underwritten Rent Roll |
| Fifth Largest Tenant Lease Expiration by UW Gross Rent | Underwritten Rent Roll |
Underwriting Information:
| Characteristic | Source Document(s) |
| 2023 EGI Date | Underwriter’s Summary Report |
| 2023 EGI ($) | Underwriter’s Summary Report |
| 2023 Expenses ($) | Underwriter’s Summary Report |
| 2023 NOI ($) | Underwriter’s Summary Report |
| 2023 NCF ($) | Underwriter’s Summary Report |
| 2024 EGI Date | Underwriter’s Summary Report |
| 2024 EGI ($) | Underwriter’s Summary Report |
| 2024 Expenses ($) | Underwriter’s Summary Report |
| 2024 NOI ($) | Underwriter’s Summary Report |
| 2024 NCF ($) | Underwriter’s Summary Report |
| 2025 EGI Date | Underwriter’s Summary Report |
| 2025 EGI ($) | Underwriter’s Summary Report |
Exhibit 2 to Attachment A |
Underwriting Information: (continued)
Reserve and Escrow Information:
| Characteristic | Source Document(s) |
| Upfront RE Tax Reserve ($) | Mortgage Loan Agreement |
| Upfront Insurance Reserve ($) | Mortgage Loan Agreement |
| Upfront Replacement Reserve ($) | Mortgage Loan Agreement |
| Replacement Reserve Caps ($) | Mortgage Loan Agreement |
| Upfront TI/LC Reserve ($) | Mortgage Loan Agreement |
| TI/LC Caps ($) | Mortgage Loan Agreement |
| Upfront Debt Service Reserve ($) | Mortgage Loan Agreement |
| Ongoing Debt Service Reserve ($) | Mortgage Loan Agreement |
| Ongoing Deferred Maintenance Reserve ($) | Mortgage Loan Agreement |
| Upfront Environmental Reserve ($) | Mortgage Loan Agreement |
| Ongoing Environmental Reserve ($) | Mortgage Loan Agreement |
| Ongoing Other Reserve ($) | Mortgage Loan Agreement |
| Other Reserve Description | Mortgage Loan Agreement |
Exhibit 2 to Attachment A |
Mortgage Loan Information:
| Characteristic | Source Document(s) |
| Originator | Mortgage Loan Agreement |
| Originator Entity Type | Mortgage Loan Agreement |
| Interest Accrual Method | Mortgage Loan Agreement |
| Interest Accrual Period | Mortgage Loan Agreement |
| Due Date | Mortgage Loan Agreement |
| Grace Period – Late Fee | Mortgage Loan Agreement |
| Grace Period – Default | Mortgage Loan Agreement |
| Amortization Type | Mortgage Loan Agreement |
| Lockbox | Mortgage Loan Agreement |
| Cash Management | Mortgage Loan Agreement |
| Cash Management Triggers | Mortgage Loan Agreement |
| Due on Sale | Mortgage Loan Agreement |
| Due on Encumbrance | Mortgage Loan Agreement |
| Prepayment Type | Mortgage Loan Agreement |
| Partially Prepayable without Penalty | Mortgage Loan Agreement |
| Partially Prepayable without Penalty Description | Mortgage Loan Agreement |
| Partial Collateral Release Description | Mortgage Loan Agreement |
| Yield Maintenance Index | Mortgage Loan Agreement |
| Yield Maintenance Discount | Mortgage Loan Agreement |
| Yield Maintenance Margin | Mortgage Loan Agreement |
| Yield Maintenance Calculation Method | Mortgage Loan Agreement |
| Day of Month Prepayment Permitted | Mortgage Loan Agreement |
| Future Debt Allowed? | Mortgage Loan Agreement |
| Mortgage Assumable? | Mortgage Loan Agreement |
| Assumption Fee | Mortgage Loan Agreement |
| Terrorism Insurance Required (Y/N) | Mortgage Loan Agreement |
| Condominium Present? | Mortgage Loan Agreement |
Exhibit 2 to Attachment A |
Mortgage Loan Information: (continued)
| Characteristic | Source Document(s) |
| Letter of Credit? | Mortgage Loan Agreement |
| Release Provisions (Y/N) | Mortgage Loan Agreement |
| Borrower Name | Organizational Chart |
| Tenant In Common (Y/N) | Mortgage Loan Agreement |
| Single Purpose Borrower (Y/N) | Mortgage Loan Agreement |
| Exit Fee | Mortgage Loan Agreement |
| Performance Test Trigger Level | Mortgage Loan Agreement |
| Sponsor | Mortgage Loan Agreement |
| Carve-out Guarantor | Guaranty Agreement |
| Recourse | Guaranty Agreement |
| Property Manager | Property Management Agreements |
| Lien Position | Pro Forma Title Policy |
| Ownership Interest | Pro Forma Title Policy |
Notes:
| 1. | For the purpose of comparing the: |
| a. | Address, |
| b. | City and |
| c. | State |
characteristics, the Depositor instructed us to ignore differences that are due to standard postal abbreviations.
| 2. | For the purpose of comparing the “Underwriting Information” characteristics that are expressed as dollar values, the Depositor instructed us to ignore differences of +/- $1 or less. |
| 3. | For the purpose of comparing the “As-Is Appraised Value ($)” and “As-Is Appraisal Date” characteristics for the Mortgage Loan, the Depositor instructed us to use the “Hypothetical As If Stabilized Today” appraised value and date, respectively, as shown in the appraisal report Source Document. |
Exhibit 2 to Attachment A |
| 4. | For the purpose of comparing the “Lockbox” characteristic, the Depositor instructed us to use “Soft” if the applicable Source Document(s) require the borrower(s) or manager(s) to deposit all rents collected from residential tenants into a lockbox account controlled by the lender(s). |
| 5. | For the purpose of comparing the “Cash Management” characteristic, the Depositor instructed us to use “In Place” if 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). |
| 6. | For the purpose of comparing the “Earthquake Insurance Required (Y/N)” characteristic, the Depositor instructed us to use “No” if the applicable Source Document(s) do not indicate that the Property is located in seismic zone 3 or 4 and the “PML or SEL(%) characteristic is not greater than 20%. |
| 7. | For the purpose of comparing the “Occupancy (%)” characteristic, the Depositor instructed us to consider any units labeled as “Firm” on the lease summary Source Document as occupied on the borrower rent roll Source Document. |
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 |
Provided Characteristics
| Characteristic |
| Control Number |
| Loan / Property Flag |
| Number of Properties |
| Mortgage Loan Seller |
| Property Name |
| Pari Passu Split (Y/N) |
| Administrative Fee Rate (%) |
| Mortgage Loan Rate (%) |
| First P&I Due Date |
| Lockout Period |
| Lockout Expiration Date |
| Other Subordinate Debt Balance ($) |
| Other Subordinate Debt Type |
| Environmental Phase II Report Date |
| Letter of Credit Balance ($) |
| Letter of Credit Description |
| Origination Date |
| Loan Purpose |
| Ground Lease (Y/N) |
| Annual Ground Lease Payment ($) |
| Ground Lease Expiration Date |
| Ground Lease Extension (Y/N) |
| # of Ground Lease Extension Options |
| Ground Lease Expiration Date after all Extensions |
| Cross-Collateralized (Y/N) |
| Crossed Group |
| Environmental Insurance Required (Y/N) |
| Upfront Other Reserve ($) |
| PML or SEL (%) |
| Seismic Report Date |
Exhibit 3 to Attachment A |
| Characteristic |
| Hyper Am Loan Maturity Date |
| Hyper-Am Coupon |
| Hyper-Am Monthly Payment ($) |
| Hyper-Am Annual Payment ($) |
| Hyper-Am NOI DSCR (x) |
| Hyper-Am NCF DSCR (x) |
| Anticipated Repayment Date |
| First Due Date |
| Last IO Due Date |
| Mortgage Loan Original Balance ($) |
| Prepayment Begin Date |
| Prepayment End Date |
| Open Period Begin Date |
|
Open Period (Payments) Prepayment Provision |
| Upfront Deferred Maintenance Reserve ($) |
| Upfront Other Reserve ($) |
| Ongoing RE Tax Reserve ($) |
| Ongoing Insurance Reserve ($) |
| Ongoing Replacement Reserve ($) |
| Ongoing TI/LC Reserve ($) |
| Note: | We performed no procedures to determine the appropriateness, accuracy, completeness or reasonableness of the Provided Characteristics. |