AXDB 2026-MULT1

The depositor has filed a registration statement (including the prospectus) with the Securities and Exchange Commission (File No. 333-283864) for the offering to which this communication relates. Before you invest, you should read the prospectus in the registration statement and other documents the depositor has filed with the Securities and Exchange Commission for more complete information about the depositor, the issuing entity and this offering. You may get these documents for free by visiting EDGAR on the Securities and Exchange Commission website at www.sec.gov. Alternatively, the depositor or Deutsche Bank Securities Inc., any other underwriter, or any dealer participating in this offering will arrange to send you the prospectus if you request it by calling toll-free 1-800-503-4611 or by emailing: prospectus.cpdg@db.com. The offered certificates referred to in these materials, and the asset pool backing them, are subject to modification or revision (including the possibility that one or more classes of certificates may be split, combined or eliminated at any time prior to issuance or availability of a final prospectus) and are offered on a “when, as and if issued” basis. You understand that, when you are considering the purchase of these certificates, a contract of sale will come into being no sooner than the date on which the relevant class has been priced and we have verified the allocation of certificates to be made to you; any “indications of interest” expressed by you, and any “soft circles” generated by us, will not create binding contractual obligations for you or us.

This free writing prospectus does not contain all information that is required to be included in the prospectus.

STATEMENT REGARDING ASSUMPTIONS AS TO SECURITIES, PRICING ESTIMATES AND OTHER INFORMATION

This material is for your information, and none of Deutsche Bank Securities Inc. or any other underwriter, (collectively, the “Underwriters”) are soliciting any action based upon it. This material is not to be construed as an offer to sell or the solicitation of any offer to buy any security in any jurisdiction where such an offer or solicitation would be illegal.

Neither this document nor anything contained herein shall form the basis for any contract or commitment whatsoever. The information contained herein is preliminary as of the date hereof. These materials are subject to change, completion or amendment from time to time. The information contained herein will be superseded by similar information delivered to you as part of the preliminary prospectus relating to the AXDB 2026-MULT1 Mortgage Trust Commercial Mortgage Pass-Through Certificates, Series 2026-MULT1 (the "Offering Document"). The information contained herein supersedes any such information previously delivered and should be reviewed only in conjunction with the entire Offering Document. All of the information contained herein is subject to the same limitations and qualifications contained in the Offering Document. The information contained herein does not contain all relevant information relating to the underlying mortgage loans or mortgaged properties. Such information is described elsewhere in the Offering Document. The information contained herein will be more fully described elsewhere in the Offering Document. The information contained herein should not be viewed as projections, forecasts, predictions or opinions with respect to value. Prior to making any investment decision, prospective investors are strongly urged to read the Offering Document its entirety. Neither the Securities and Exchange Commission nor any state securities commission has approved or disapproved of these securities or determined if this free writing prospectus is truthful or complete. Any representation to the contrary is a criminal offense.

The attached information contains certain tables and other statistical analyses (the “Computational Materials”) which have been prepared in reliance upon information furnished by the Mortgage Loan Sellers. Numerous assumptions were used in preparing the Computational Materials, which may or may not be reflected herein. As such, no assurance can be given as to the Computational Materials’ accuracy, appropriateness or completeness in any particular context; or as to whether the Computational Materials and/or the assumptions upon which they are based reflect present market conditions or future market performance. The Computational Materials should not be construed as either projections or predictions or as legal, tax, financial or accounting advice. You should consult your own counsel, accountant and other advisors as to the legal, tax, business, financial and related aspects of a purchase of these securities. Any weighted average lives, yields and principal payment periods shown in the Computational Materials are based on prepayment and/or loss assumptions, and changes in such prepayment and/or loss assumptions may dramatically affect such weighted average lives, yields and principal payment periods. In addition, it is possible that prepayments or losses on the underlying assets will occur at rates higher or lower than the rates shown in the attached Computational Materials. The specific characteristics of the securities may differ from those shown in the Computational Materials due to differences between the final underlying assets and the preliminary underlying assets used in preparing the Computational Materials. The principal amount and designation of any security described in the Computational Materials are subject to change prior to issuance. None of Underwriters or any of their respective affiliates makes any representation or warranty as to the actual rate or timing of payments or losses on any of the underlying assets or the payments or yield on the securities.

This document contains forward-looking statements. Those statements are subject to certain risks and uncertainties that could cause the success of collections and the actual cash flow generated to differ materially from the information set forth herein. While such information reflects projections prepared in good faith based upon methods and data that are believed to be reasonable and accurate as of the dates thereof, the depositor undertakes no obligation to revise these forward-looking statements to reflect subsequent events or circumstances. Individuals should not place undue reliance on forward-looking statements and are advised to make their own independent analysis and determination with respect to the forecasted periods, which reflect the issuer’s view only as of the date hereof.

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Loan ID Number	Loan / Property Flag	Footnotes (for Loan and Property Information)	# of Properties	Property Name	Zip Code	General Property Type	Detailed Property Type	Year Built	Year Renovated	Number of Units	Unit of Measure	Loan Per Unit ($)	Original Balance ($)
										11	11		10
1	Loan	22	1	Midtown Towers	44134	Multifamily	Mid Rise	1968	2024-2026	635	Units	74,803.15	47,500,000
2	Loan	16, 22, 23	1	The Jax	30655	Multifamily	Garden	2025	NAP	282	Units	154,255.32	43,500,000
3	Loan	10	7	NW Arkansas Portfolio	Various	Multifamily	Garden	Various	Various	256	Units	140,863.28	36,061,000
3.01	Property		1	Meadowlands	72719	Multifamily	Garden	2006	2019	64	Units		8,850,671
3.02	Property		1	Ecology	72730	Multifamily	Garden	1973	NAP	53	Units		7,972,919
3.03	Property		1	Honeysuckle	72703	Multifamily	Garden	1984	NAP	44	Units		6,071,122
3.04	Property		1	Windwood	72762	Multifamily	Garden	1987	NAP	34	Units		4,608,201
3.05	Property		1	Brooks Duplexes	72704	Multifamily	Garden	1975	NAP	30	Units		4,096,178
3.06	Property		1	Clevenger	72704	Multifamily	Garden	1972	2022	20	Units		2,998,988
3.07	Property		1	Fountains	72703	Multifamily	Garden	1984	NAP	11	Units		1,462,921
4	Loan	22, 23	1	Marine Terrace	60613	Multifamily	High Rise	1950	2025	190	Units	175,300.00	33,307,000
5	Loan	10, 22	2	Chestnut Woods & Chestnut Crossing	48843	Multifamily	Garden	Various	NAP	180	Units	183,333.33	33,000,000
5.01	Property		1	Chestnut Woods	48843	Multifamily	Garden	2021, 2024	NAP	96	Units		18,109,756
5.02	Property		1	Chestnut Crossing	48843	Multifamily	Garden	2019	NAP	84	Units		14,890,244
6	Loan	22	1	Douglaston Villas & Townhomes	32714	Multifamily	Garden	1980, 1982	NAP	234	Units	125,166.67	29,289,000
7	Loan	17	1	Yorktowne Pointe Apartments	17408	Multifamily	Low Rise	1982	NAP	144	Units	158,680.56	22,850,000
8	Loan	23, 24	1	Nissan Golden Gate	30083	Multifamily	Garden	1970	2025	280	Units	80,714.29	22,600,000
9	Loan	16, 23	1	501 West 7th Street	07060	Multifamily	Mid Rise	1925	2025	84	Units	261,904.76	22,000,000
10	Loan	10, 14	2	Riverside Portfolio	92507	Multifamily	Garden	Various	NAP	113	Units	142,309.73	16,081,000
10.01	Property		1	University Gardens	92507	Multifamily	Garden	1966	NAP	88	Units		12,216,039
10.02	Property		1	Normandy Apartments	92507	Multifamily	Garden	1971	NAP	25	Units		3,864,961
11	Loan	10, 16, 17, 23	2	Virginia Portfolio	Various	Multifamily	Garden	Various	2025-2026	153	Units	99,771.24	15,265,000
11.01	Property		1	Cove Harbor	23663	Multifamily	Garden	1972	2025-2026	99	Units		9,294,848
11.02	Property		1	Harbor Oak	23669	Multifamily	Garden	1971	2025-2026	54	Units		5,970,152
12	Loan	14, 16	1	Westwood Townhomes	75116	Multifamily	Garden	1970	NAP	121	Units	126,090.91	15,257,000
13	Loan	16, 23	1	Prestige District	33161	Multifamily	Garden	1968	2025	62	Units	233,870.97	14,500,000
14	Loan	10, 14, 22	4	Naviah 1738 Portfolio	Various	Multifamily	Garden	Various	NAP	125	Units	110,144.00	13,768,000
14.01	Property		1	Olympia Manor	01089	Multifamily	Garden	1971	NAP	63	Units		6,939,072
14.02	Property		1	Carriage House	01089	Multifamily	Garden	1964	NAP	24	Units		2,643,456
14.03	Property		1	Town West Apartments	01089	Multifamily	Garden	1968	NAP	22	Units		2,423,168
14.04	Property		1	Briarwood Place	01013	Multifamily	Garden	1968	NAP	16	Units		1,762,304
15	Loan	14, 16, 23	1	Brookside Apartments	97030	Multifamily	Garden	2021	NAP	104	Units	132,211.54	13,750,000
16	Loan	10, 14, 16, 21	4	Pico Portfolio	Various	Multifamily	Garden	Various	NAP	103	Units	130,368.93	13,428,000
16.01	Property		1	Delphene Manor	90019	Multifamily	Garden	1928	NAP	30	Units		3,858,964
16.02	Property		1	1142 West 17th Street	90015	Multifamily	Garden	1928	NAP	28	Units		3,523,077
16.03	Property		1	4144 West Adams Boulevard	90018	Multifamily	Garden	1927	NAP	24	Units		3,276,760
16.04	Property		1	2849 San Marino Street	90006	Multifamily	Garden	1923	NAP	21	Units		2,769,198
17	Loan	14, 22	1	Sovereignty at Winter Park	32792	Multifamily	Garden	1986	NAP	168	Units	75,571.43	12,696,000
18	Loan	23	1	Prime at Laurel Springs	45324	Multifamily	Garden	1971	2025	128	Units	87,265.63	11,170,000
19	Loan	16, 23	1	Rockefeller Square Apartments	98201	Multifamily	Low Rise	2022-2023	NAP	60	Units	183,333.33	11,000,000
20	Loan	14, 23	1	Mulberry Estates	95823	Multifamily	Garden	1973	NAP	138	Units	69,369.57	9,573,000
21	Loan	14, 22, 23	1	Flats at 87Ten	28262	Multifamily	Garden	2000	2023	96	Units	96,354.17	9,250,000
22	Loan	11, 14, 16, 17, 23	1	693 Sutter St	94102	Multifamily	Mid Rise	1922	2025	17	Units	500,000.00	8,500,000
23	Loan	16, 23	1	Colby Heights	98201	Multifamily	Mid Rise	2025	NAP	29	Units	280,000.00	8,120,000
24	Loan	10, 14, 22	3	SMS Portfolio	Various	Multifamily	Garden	Various	NAP	77	Units	102,714.29	7,909,000
24.01	Property		1	Little River	01085	Multifamily	Garden	1958, 1987	NAP	31	Units		3,184,143
24.02	Property		1	Tekoa Apartments	01085	Multifamily	Garden	1850, 1965	NAP	25	Units		2,567,857
24.03	Property		1	DeVille Apartments	01108	Multifamily	Garden	1963	NAP	21	Units		2,157,000
25	Loan	11, 14, 23	1	Town Centre Village Apartments	98499	Multifamily	Garden	2005	2017	37	Units	183,445.95	6,787,500
26	Loan	14, 21	1	1810 Belcourt Ave	37212	Multifamily	Mid Rise	2015	NAP	36	Units	187,777.78	6,760,000
27	Loan	11, 14, 16, 17, 24	1	The Venue	48912	Multifamily	Mid Rise	1922	2017	42	Units	160,714.29	6,750,000
28	Loan	14, 16, 22, 23	1	Aspen Apartments	83704	Multifamily	Garden	1964	2021-2026	45	Units	145,222.22	6,535,000
29	Loan	14	1	Aria at Wilcrest	77099	Multifamily	Garden	2018	NAP	81	Units	80,246.91	6,500,000
30	Loan	14, 22	1	Bellagio Living II	46226	Multifamily	Garden	1970	2022	72	Units	83,388.89	6,004,000
31	Loan	14, 22	1	The 501 Apartments	79901	Multifamily	Mid Rise	2017	NAP	87	Units	66,275.86	5,766,000
32	Loan	14, 22, 23	1	The Arthur	41011	Multifamily	Garden	1904-1907	2011	58	Units	93,103.45	5,400,000
33	Loan	14	1	Almeda Apartments	32209	Multifamily	Garden	1969	2017-2018	76	Units	64,000.00	4,864,000
34	Loan	17	1	Pompano Flats	33060	Multifamily	Garden	1959	2021, 2025	26	Units	183,173.08	4,762,500
35	Loan	14, 22, 23	1	Northwood Apartments	31904	Multifamily	Garden	1975	NAP	80	Units	55,125.00	4,410,000
36	Loan	14, 22	1	The Virginian	30306	Multifamily	Garden	1928	NAP	28	Units	157,250.00	4,403,000
37	Loan	14, 23	1	Shasta Glen MHP	97603	Manufactured Housing	Manufactured Housing	1995	NAP	93	Pads	47,311.83	4,400,000
38	Loan	14	1	Springdale Apartments	76111	Multifamily	Garden	1970	2019	100	Units	42,470.00	4,247,000

Loan ID Number	Loan / Property Flag	Footnotes (for Loan and Property Information)	# of Properties	Property Name	Cut-off Date Balance ($)	Maturity/ARD Balance ($)	Interest Rate %	Administrative Fee Rate %	Net Mortgage Rate %	Monthly Debt Service (P&I) ($)	Monthly Debt Service (IO) ($)	Annual Debt Service (P&I) ($)	Annual Debt Service (IO) ($)
					10			1, 12		2, 13	13	2, 13	13
1	Loan	22	1	Midtown Towers	47,500,000	47,500,000	5.91000%	0.09286%	5.81714%	NAP	237,186.63	NAP	2,846,239.56
2	Loan	16, 22, 23	1	The Jax	43,500,000	43,500,000	6.17000%	0.14286%	6.02714%	NAP	226,768.92	NAP	2,721,227.04
3	Loan	10	7	NW Arkansas Portfolio	36,061,000	36,061,000	6.22000%	0.14286%	6.07714%	NAP	189,512.24	NAP	2,274,146.88
3.01	Property		1	Meadowlands	8,850,671	8,850,671
3.02	Property		1	Ecology	7,972,919	7,972,919
3.03	Property		1	Honeysuckle	6,071,122	6,071,122
3.04	Property		1	Windwood	4,608,201	4,608,201
3.05	Property		1	Brooks Duplexes	4,096,178	4,096,178
3.06	Property		1	Clevenger	2,998,988	2,998,988
3.07	Property		1	Fountains	1,462,921	1,462,921
4	Loan	22, 23	1	Marine Terrace	33,307,000	33,307,000	6.36000%	0.14286%	6.21714%	NAP	178,978.87	NAP	2,147,746.44
5	Loan	10, 22	2	Chestnut Woods & Chestnut Crossing	33,000,000	33,000,000	5.66000%	0.11286%	5.54714%	NAP	157,811.81	NAP	1,893,741.72
5.01	Property		1	Chestnut Woods	18,109,756	18,109,756
5.02	Property		1	Chestnut Crossing	14,890,244	14,890,244
6	Loan	22	1	Douglaston Villas & Townhomes	29,289,000	29,289,000	6.42000%	0.14286%	6.27714%	NAP	158,872.49	NAP	1,906,469.88
7	Loan	17	1	Yorktowne Pointe Apartments	22,850,000	22,850,000	5.96900%	0.02411%	5.94489%	NAP	115,238.32	NAP	1,382,859.84
8	Loan	23, 24	1	Nissan Golden Gate	22,600,000	22,600,000	6.89100%	0.02411%	6.86689%	NAP	131,583.01	NAP	1,578,996.12
9	Loan	16, 23	1	501 West 7th Street	22,000,000	22,000,000	6.28200%	0.02411%	6.25789%	NAP	116,769.58	NAP	1,401,234.96
10	Loan	10, 14	2	Riverside Portfolio	16,081,000	16,081,000	6.54000%	0.17286%	6.36714%	NAP	88,858.69	NAP	1,066,304.28
10.01	Property		1	University Gardens	12,216,039	12,216,039
10.02	Property		1	Normandy Apartments	3,864,961	3,864,961
11	Loan	10, 16, 17, 23	2	Virginia Portfolio	15,265,000	15,265,000	6.46000%	0.02411%	6.43589%	NAP	83,317.92	NAP	999,815.04
11.01	Property		1	Cove Harbor	9,294,848	9,294,848
11.02	Property		1	Harbor Oak	5,970,152	5,970,152
12	Loan	14, 16	1	Westwood Townhomes	15,257,000	15,257,000	6.38000%	0.14286%	6.23714%	NAP	82,243.00	NAP	986,916.00
13	Loan	16, 23	1	Prestige District	14,500,000	14,500,000	6.33400%	0.02411%	6.30989%	NAP	77,598.83	NAP	931,185.96
14	Loan	10, 14, 22	4	Naviah 1738 Portfolio	13,768,000	13,768,000	6.51000%	0.14286%	6.36714%	NAP	75,728.78	NAP	908,745.36
14.01	Property		1	Olympia Manor	6,939,072	6,939,072
14.02	Property		1	Carriage House	2,643,456	2,643,456
14.03	Property		1	Town West Apartments	2,423,168	2,423,168
14.04	Property		1	Briarwood Place	1,762,304	1,762,304
15	Loan	14, 16, 23	1	Brookside Apartments	13,750,000	13,750,000	6.81227%	0.02411%	6.78816%	NAP	79,141.39	NAP	949,696.68
16	Loan	10, 14, 16, 21	4	Pico Portfolio	13,428,000	13,428,000	5.95000%	0.12286%	5.82714%	NAP	67,505.23	NAP	810,062.76
16.01	Property		1	Delphene Manor	3,858,964	3,858,964
16.02	Property		1	1142 West 17th Street	3,523,077	3,523,077
16.03	Property		1	4144 West Adams Boulevard	3,276,760	3,276,760
16.04	Property		1	2849 San Marino Street	2,769,198	2,769,198
17	Loan	14, 22	1	Sovereignty at Winter Park	12,696,000	12,696,000	6.00000%	0.14286%	5.85714%	NAP	64,361.67	NAP	772,340.04
18	Loan	23	1	Prime at Laurel Springs	11,170,000	11,170,000	6.64000%	0.12286%	6.51714%	NAP	62,665.77	NAP	751,989.24
19	Loan	16, 23	1	Rockefeller Square Apartments	11,000,000	11,000,000	6.50100%	0.02411%	6.47689%	NAP	60,420.17	NAP	725,042.04
20	Loan	14, 23	1	Mulberry Estates	9,573,000	9,573,000	6.68000%	0.17286%	6.50714%	NAP	54,029.83	NAP	648,357.96
21	Loan	14, 22, 23	1	Flats at 87Ten	9,250,000	9,250,000	6.59000%	0.17286%	6.41714%	NAP	51,503.44	NAP	618,041.28
22	Loan	11, 14, 16, 17, 23	1	693 Sutter St	8,500,000	8,500,000	6.47500%	0.07286%	6.40214%	NAP	46,501.59	NAP	558,019.08
23	Loan	16, 23	1	Colby Heights	8,120,000	8,120,000	6.17700%	0.02411%	6.15289%	NAP	42,378.22	NAP	508,538.64
24	Loan	10, 14, 22	3	SMS Portfolio	7,909,000	7,909,000	6.43000%	0.17286%	6.25714%	NAP	42,967.66	NAP	515,611.92
24.01	Property		1	Little River	3,184,143	3,184,143
24.02	Property		1	Tekoa Apartments	2,567,857	2,567,857
24.03	Property		1	DeVille Apartments	2,157,000	2,157,000
25	Loan	11, 14, 23	1	Town Centre Village Apartments	6,787,500	6,787,500	6.38900%	0.02411%	6.36489%	NAP	36,639.69	NAP	439,676.28
26	Loan	14, 21	1	1810 Belcourt Ave	6,760,000	6,760,000	6.67000%	0.17286%	6.49714%	NAP	38,096.20	NAP	457,154.40
27	Loan	11, 14, 16, 17, 24	1	The Venue	6,750,000	6,750,000	6.62250%	0.02411%	6.59839%	NAP	37,768.95	NAP	453,227.40
28	Loan	14, 16, 22, 23	1	Aspen Apartments	6,535,000	6,535,000	6.24000%	0.17286%	6.06714%	NAP	34,453.97	NAP	413,447.64
29	Loan	14	1	Aria at Wilcrest	6,500,000	6,500,000	6.45000%	0.14286%	6.30714%	NAP	35,422.74	NAP	425,072.88
30	Loan	14, 22	1	Bellagio Living II	6,004,000	6,004,000	6.58000%	0.14286%	6.43714%	NAP	33,379.18	NAP	400,550.16
31	Loan	14, 22	1	The 501 Apartments	5,766,000	5,766,000	6.70000%	0.17286%	6.52714%	NAP	32,640.63	NAP	391,687.56
32	Loan	14, 22, 23	1	The Arthur	5,400,000	5,400,000	6.55000%	0.17286%	6.37714%	NAP	29,884.38	NAP	358,612.56
33	Loan	14	1	Almeda Apartments	4,864,000	4,864,000	6.51000%	0.17286%	6.33714%	NAP	26,753.69	NAP	321,044.28
34	Loan	17	1	Pompano Flats	4,762,500	4,762,500	6.04600%	0.02411%	6.02189%	NAP	24,328.33	NAP	291,939.96
35	Loan	14, 22, 23	1	Northwood Apartments	4,410,000	4,410,000	6.85000%	0.17286%	6.67714%	NAP	25,523.39	NAP	306,280.68
36	Loan	14, 22	1	The Virginian	4,403,000	4,403,000	7.09000%	0.17286%	6.91714%	NAP	26,375.70	NAP	316,508.40
37	Loan	14, 23	1	Shasta Glen MHP	4,400,000	4,400,000	6.51200%	0.02411%	6.48789%	NAP	24,208.96	NAP	290,507.52
38	Loan	14	1	Springdale Apartments	4,247,000	4,247,000	6.52000%	0.14286%	6.37714%	NAP	23,395.86	NAP	280,750.32

Loan ID Number	Loan / Property Flag	Footnotes (for Loan and Property Information)	# of Properties	Property Name	Amortization Type	ARD Loan (Yes / No)	Interest Accrual Method	Original Interest-Only Period (Mos.)	Remaining Interest-Only Period (Mos.)	Original Term To Maturity / ARD (Mos.)	Remaining Term To Maturity / ARD (Mos.)	Original Amortization Term (Mos.)	Remaining Amortization Term (Mos.)

1	Loan	22	1	Midtown Towers	Interest Only	No	Actual/360	60	59	60	59	0	0
2	Loan	16, 22, 23	1	The Jax	Interest Only	No	Actual/360	60	59	60	59	0	0
3	Loan	10	7	NW Arkansas Portfolio	Interest Only	No	Actual/360	61	61	61	61	0	0
3.01	Property		1	Meadowlands
3.02	Property		1	Ecology
3.03	Property		1	Honeysuckle
3.04	Property		1	Windwood
3.05	Property		1	Brooks Duplexes
3.06	Property		1	Clevenger
3.07	Property		1	Fountains
4	Loan	22, 23	1	Marine Terrace	Interest Only	No	Actual/360	60	60	60	60	0	0
5	Loan	10, 22	2	Chestnut Woods & Chestnut Crossing	Interest Only	No	Actual/360	60	58	60	58	0	0
5.01	Property		1	Chestnut Woods
5.02	Property		1	Chestnut Crossing
6	Loan	22	1	Douglaston Villas & Townhomes	Interest Only	No	Actual/360	60	60	60	60	0	0
7	Loan	17	1	Yorktowne Pointe Apartments	Interest Only	No	Actual/360	60	57	60	57	0	0
8	Loan	23, 24	1	Nissan Golden Gate	Interest Only	No	Actual/360	60	60	60	60	0	0
9	Loan	16, 23	1	501 West 7th Street	Interest Only	No	Actual/360	60	59	60	59	0	0
10	Loan	10, 14	2	Riverside Portfolio	Interest Only	No	Actual/360	60	59	60	59	0	0
10.01	Property		1	University Gardens
10.02	Property		1	Normandy Apartments
11	Loan	10, 16, 17, 23	2	Virginia Portfolio	Interest Only	No	Actual/360	60	60	60	60	0	0
11.01	Property		1	Cove Harbor
11.02	Property		1	Harbor Oak
12	Loan	14, 16	1	Westwood Townhomes	Interest Only	No	Actual/360	60	58	60	58	0	0
13	Loan	16, 23	1	Prestige District	Interest Only	No	Actual/360	60	60	60	60	0	0
14	Loan	10, 14, 22	4	Naviah 1738 Portfolio	Interest Only	No	Actual/360	60	57	60	57	0	0
14.01	Property		1	Olympia Manor
14.02	Property		1	Carriage House
14.03	Property		1	Town West Apartments
14.04	Property		1	Briarwood Place
15	Loan	14, 16, 23	1	Brookside Apartments	Interest Only	No	Actual/360	60	60	60	60	0	0
16	Loan	10, 14, 16, 21	4	Pico Portfolio	Interest Only	No	Actual/360	60	60	60	60	0	0
16.01	Property		1	Delphene Manor
16.02	Property		1	1142 West 17th Street
16.03	Property		1	4144 West Adams Boulevard
16.04	Property		1	2849 San Marino Street
17	Loan	14, 22	1	Sovereignty at Winter Park	Interest Only	No	Actual/360	60	56	60	56	0	0
18	Loan	23	1	Prime at Laurel Springs	Interest Only	No	Actual/360	60	60	60	60	0	0
19	Loan	16, 23	1	Rockefeller Square Apartments	Interest Only	No	Actual/360	60	56	60	56	0	0
20	Loan	14, 23	1	Mulberry Estates	Interest Only	No	Actual/360	60	59	60	59	0	0
21	Loan	14, 22, 23	1	Flats at 87Ten	Interest Only	No	Actual/360	60	59	60	59	0	0
22	Loan	11, 14, 16, 17, 23	1	693 Sutter St	Interest Only	No	Actual/360	60	59	60	59	0	0
23	Loan	16, 23	1	Colby Heights	Interest Only	No	Actual/360	60	57	60	57	0	0
24	Loan	10, 14, 22	3	SMS Portfolio	Interest Only	No	Actual/360	60	60	60	60	0	0
24.01	Property		1	Little River
24.02	Property		1	Tekoa Apartments
24.03	Property		1	DeVille Apartments
25	Loan	11, 14, 23	1	Town Centre Village Apartments	Interest Only	No	Actual/360	60	59	60	59	0	0
26	Loan	14, 21	1	1810 Belcourt Ave	Interest Only	No	Actual/360	60	60	60	60	0	0
27	Loan	11, 14, 16, 17, 24	1	The Venue	Interest Only	No	Actual/360	60	60	60	60	0	0
28	Loan	14, 16, 22, 23	1	Aspen Apartments	Interest Only	No	Actual/360	60	59	60	59	0	0
29	Loan	14	1	Aria at Wilcrest	Interest Only	No	Actual/360	60	58	60	58	0	0
30	Loan	14, 22	1	Bellagio Living II	Interest Only	No	Actual/360	60	59	60	59	0	0
31	Loan	14, 22	1	The 501 Apartments	Interest Only	No	Actual/360	60	58	60	58	0	0
32	Loan	14, 22, 23	1	The Arthur	Interest Only	No	Actual/360	60	57	60	57	0	0
33	Loan	14	1	Almeda Apartments	Interest Only	No	Actual/360	61	61	61	61	0	0
34	Loan	17	1	Pompano Flats	Interest Only	No	Actual/360	60	59	60	59	0	0
35	Loan	14, 22, 23	1	Northwood Apartments	Interest Only	No	Actual/360	60	59	60	59	0	0
36	Loan	14, 22	1	The Virginian	Interest Only	No	Actual/360	60	59	60	59	0	0
37	Loan	14, 23	1	Shasta Glen MHP	Interest Only	No	Actual/360	60	60	60	60	0	0
38	Loan	14	1	Springdale Apartments	Interest Only	No	Actual/360	60	60	60	60	0	0

Loan ID Number	Loan / Property Flag	Footnotes (for Loan and Property Information)	# of Properties	Property Name	Origination Date	Seasoning (Mos.)	Payment Due Date	First Payment Date	First P&I Payment Date	Maturity Date or Anticipated Repayment Date	Final Maturity Date	Grace Period - Late Fee (Days)
												17
1	Loan	22	1	Midtown Towers	8/17/2026	1	1	10/1/2026	NAP	9/1/2031	NAP	10
2	Loan	16, 22, 23	1	The Jax	8/19/2026	1	1	10/1/2026	NAP	9/1/2031	NAP	10
3	Loan	10	7	NW Arkansas Portfolio	10/14/2026	0	1	11/1/2026	NAP	11/1/2031	NAP	10
3.01	Property		1	Meadowlands
3.02	Property		1	Ecology
3.03	Property		1	Honeysuckle
3.04	Property		1	Windwood
3.05	Property		1	Brooks Duplexes
3.06	Property		1	Clevenger
3.07	Property		1	Fountains
4	Loan	22, 23	1	Marine Terrace	9/9/2026	0	1	11/1/2026	NAP	10/1/2031	NAP	10
5	Loan	10, 22	2	Chestnut Woods & Chestnut Crossing	7/13/2026	2	1	9/1/2026	NAP	8/1/2031	NAP	10
5.01	Property		1	Chestnut Woods
5.02	Property		1	Chestnut Crossing
6	Loan	22	1	Douglaston Villas & Townhomes	9/30/2026	0	1	11/1/2026	NAP	10/1/2031	NAP	10
7	Loan	17	1	Yorktowne Pointe Apartments	7/1/2026	3	6	8/6/2026	NAP	7/6/2031	NAP	5 (Once per loan term)
8	Loan	23, 24	1	Nissan Golden Gate	9/8/2026	0	6	11/6/2026	NAP	10/6/2031	NAP	0
9	Loan	16, 23	1	501 West 7th Street	8/26/2026	1	6	10/6/2026	NAP	9/6/2031	NAP	0
10	Loan	10, 14	2	Riverside Portfolio	8/11/2026	1	1	10/1/2026	NAP	9/1/2031	NAP	10
10.01	Property		1	University Gardens
10.02	Property		1	Normandy Apartments
11	Loan	10, 16, 17, 23	2	Virginia Portfolio	9/25/2026	0	6	11/6/2026	NAP	10/6/2031	NAP	10 (Twice per loan term)
11.01	Property		1	Cove Harbor
11.02	Property		1	Harbor Oak
12	Loan	14, 16	1	Westwood Townhomes	7/9/2026	2	1	9/1/2026	NAP	8/1/2031	NAP	10
13	Loan	16, 23	1	Prestige District	9/25/2026	0	6	11/6/2026	NAP	10/6/2031	NAP	0
14	Loan	10, 14, 22	4	Naviah 1738 Portfolio	6/25/2026	3	1	8/1/2026	NAP	7/1/2031	NAP	10
14.01	Property		1	Olympia Manor
14.02	Property		1	Carriage House
14.03	Property		1	Town West Apartments
14.04	Property		1	Briarwood Place
15	Loan	14, 16, 23	1	Brookside Apartments	10/2/2026	0	6	11/6/2026	NAP	10/6/2031	NAP	0
16	Loan	10, 14, 16, 21	4	Pico Portfolio	9/11/2026	0	1	11/1/2026	NAP	10/1/2031	NAP	10
16.01	Property		1	Delphene Manor
16.02	Property		1	1142 West 17th Street
16.03	Property		1	4144 West Adams Boulevard
16.04	Property		1	2849 San Marino Street
17	Loan	14, 22	1	Sovereignty at Winter Park	5/29/2026	4	1	7/1/2026	NAP	6/1/2031	NAP	10
18	Loan	23	1	Prime at Laurel Springs	9/18/2026	0	1	11/1/2026	NAP	10/1/2031	NAP	10
19	Loan	16, 23	1	Rockefeller Square Apartments	5/22/2026	4	6	7/6/2026	NAP	6/6/2031	NAP	0
20	Loan	14, 23	1	Mulberry Estates	9/1/2026	1	1	10/1/2026	NAP	9/1/2031	NAP	10
21	Loan	14, 22, 23	1	Flats at 87Ten	8/3/2026	1	1	10/1/2026	NAP	9/1/2031	NAP	15
22	Loan	11, 14, 16, 17, 23	1	693 Sutter St	8/19/2026	1	11	10/11/2026	NAP	9/11/2031	NAP	5 (Once per loan term)
23	Loan	16, 23	1	Colby Heights	6/26/2026	3	6	8/6/2026	NAP	7/6/2031	NAP	0
24	Loan	10, 14, 22	3	SMS Portfolio	9/8/2026	0	1	11/1/2026	NAP	10/1/2031	NAP	10
24.01	Property		1	Little River
24.02	Property		1	Tekoa Apartments
24.03	Property		1	DeVille Apartments
25	Loan	11, 14, 23	1	Town Centre Village Apartments	8/13/2026	1	6	10/6/2026	NAP	9/6/2031	NAP	0
26	Loan	14, 21	1	1810 Belcourt Ave	9/30/2026	0	1	11/1/2026	NAP	10/1/2031	NAP	10
27	Loan	11, 14, 16, 17, 24	1	The Venue	10/5/2026	0	6	11/6/2026	NAP	10/6/2031	NAP	5 (Once per loan term)
28	Loan	14, 16, 22, 23	1	Aspen Apartments	8/28/2026	1	1	10/1/2026	NAP	9/1/2031	NAP	10
29	Loan	14	1	Aria at Wilcrest	7/31/2026	2	1	9/1/2026	NAP	8/1/2031	NAP	10
30	Loan	14, 22	1	Bellagio Living II	8/28/2026	1	1	10/1/2026	NAP	9/1/2031	NAP	10
31	Loan	14, 22	1	The 501 Apartments	7/31/2026	2	1	9/1/2026	NAP	8/1/2031	NAP	10
32	Loan	14, 22, 23	1	The Arthur	6/17/2026	3	1	8/1/2026	NAP	7/1/2031	NAP	10
33	Loan	14	1	Almeda Apartments	10/6/2026	0	1	11/1/2026	NAP	11/1/2031	NAP	10
34	Loan	17	1	Pompano Flats	8/21/2026	1	6	10/6/2026	NAP	9/6/2031	NAP	5 (Once per loan term)
35	Loan	14, 22, 23	1	Northwood Apartments	8/14/2026	1	1	10/1/2026	NAP	9/1/2031	NAP	10
36	Loan	14, 22	1	The Virginian	9/1/2026	1	1	10/1/2026	NAP	9/1/2031	NAP	10
37	Loan	14, 23	1	Shasta Glen MHP	9/8/2026	0	6	11/6/2026	NAP	10/6/2031	NAP	0
38	Loan	14	1	Springdale Apartments	9/25/2026	0	1	11/1/2026	NAP	10/1/2031	NAP	10

Loan ID Number	Loan / Property Flag	Footnotes (for Loan and Property Information)	# of Properties	Property Name	Grace Period - Default (Days)	Prepayment Provision	Most Recent EGI ($)	Most Recent Expenses ($)	Most Recent NOI ($)	Most Recent NOI Date	Most Recent Description	Second Most Recent EGI ($)
					17	3, 18			16, 23
1	Loan	22	1	Midtown Towers	0	YM1(56),O(4)	8,761,546	3,625,321	5,136,225	5/31/2026	T-12	8,736,718
2	Loan	16, 22, 23	1	The Jax	0	YM1(56),O(4)	4,778,455	2,078,311	2,700,144	6/30/2026	T-12	2,401,250
3	Loan	10	7	NW Arkansas Portfolio	0	L(1),YM1(56),O(4)	4,208,519	815,388	3,393,131	7/31/2026	T-12	4,153,732
3.01	Property		1	Meadowlands			NAV	NAV	NAV	NAV	NAV	NAV
3.02	Property		1	Ecology			NAV	NAV	NAV	NAV	NAV	NAV
3.03	Property		1	Honeysuckle			NAV	NAV	NAV	NAV	NAV	NAV
3.04	Property		1	Windwood			NAV	NAV	NAV	NAV	NAV	NAV
3.05	Property		1	Brooks Duplexes			NAV	NAV	NAV	NAV	NAV	NAV
3.06	Property		1	Clevenger			NAV	NAV	NAV	NAV	NAV	NAV
3.07	Property		1	Fountains			NAV	NAV	NAV	NAV	NAV	NAV
4	Loan	22, 23	1	Marine Terrace	0	YM1(56),O(4)	4,058,327	1,337,742	2,720,585	7/31/2026	T-12	3,859,950
5	Loan	10, 22	2	Chestnut Woods & Chestnut Crossing	0	YM1(56),O(4)	4,539,306	1,915,661	2,623,645	5/31/2026	T-12	4,381,343
5.01	Property		1	Chestnut Woods			NAV	NAV	NAV	NAV	NAV	NAV
5.02	Property		1	Chestnut Crossing			NAV	NAV	NAV	NAV	NAV	NAV
6	Loan	22	1	Douglaston Villas & Townhomes	0	YM1(56),O(4)	4,276,267	1,729,006	2,547,261	6/30/2026	T-12	4,185,239
7	Loan	17	1	Yorktowne Pointe Apartments	0	L(12),YM1(44),O(4)	2,608,605	927,459	1,681,146	4/30/2026	T-12	2,539,917
8	Loan	23, 24	1	Nissan Golden Gate	0	YM1(56),O(4)	4,111,610	1,677,725	2,433,885	7/31/2026	T-12	4,072,657
9	Loan	16, 23	1	501 West 7th Street	0	L(25),D(31),O(4)	1,970,432	364,502	1,605,930	7/31/2026	T-12	NAV
10	Loan	10, 14	2	Riverside Portfolio	0	YM1(56),O(4)	2,249,275	998,668	1,250,606	6/30/2026	T-12	2,123,433
10.01	Property		1	University Gardens			NAV	NAV	NAV	NAV	NAV	NAV
10.02	Property		1	Normandy Apartments			NAV	NAV	NAV	NAV	NAV	NAV
11	Loan	10, 16, 17, 23	2	Virginia Portfolio	0	L(12),YM1(44),O(4)	2,290,930	1,165,357	1,125,573	8/31/2026	T-12	NAV
11.01	Property		1	Cove Harbor			NAV	NAV	NAV	NAV	NAV	NAV
11.02	Property		1	Harbor Oak			NAV	NAV	NAV	NAV	NAV	NAV
12	Loan	14, 16	1	Westwood Townhomes	0	YM1(56),O(4)	2,182,082	1,057,876	1,124,206	4/30/2026	T-12	2,075,422
13	Loan	16, 23	1	Prestige District	0	L(24),D(32),O(4)	1,150,757	212,096	938,661	7/31/2026	T-10	NAV
14	Loan	10, 14, 22	4	Naviah 1738 Portfolio	0	YM1(56),O(4)	2,053,243	752,867	1,300,377	12/31/2025	T-12	NAV
14.01	Property		1	Olympia Manor			NAV	NAV	NAV	NAV	NAV	NAV
14.02	Property		1	Carriage House			NAV	NAV	NAV	NAV	NAV	NAV
14.03	Property		1	Town West Apartments			NAV	NAV	NAV	NAV	NAV	NAV
14.04	Property		1	Briarwood Place			NAV	NAV	NAV	NAV	NAV	NAV
15	Loan	14, 16, 23	1	Brookside Apartments	0	L(24),D(29),O(7)	2,036,965	1,119,010	917,954	8/31/2026	T-12	2,018,382
16	Loan	10, 14, 16, 21	4	Pico Portfolio	0	YM1(56),O(4)	1,715,546	473,782	1,241,764	5/31/2026	T-12	1,654,676
16.01	Property		1	Delphene Manor			NAV	NAV	NAV	NAV	NAV	NAV
16.02	Property		1	1142 West 17th Street			NAV	NAV	NAV	NAV	NAV	NAV
16.03	Property		1	4144 West Adams Boulevard			NAV	NAV	NAV	NAV	NAV	NAV
16.04	Property		1	2849 San Marino Street			NAV	NAV	NAV	NAV	NAV	NAV
17	Loan	14, 22	1	Sovereignty at Winter Park	0	YM1(56),O(4)	2,471,560	1,547,245	924,315	3/31/2026	T-12	2,423,777
18	Loan	23	1	Prime at Laurel Springs	0	YM1(56),O(4)	1,633,884	640,147	993,736	7/31/2026	T-12	1,454,876
19	Loan	16, 23	1	Rockefeller Square Apartments	0	L(28),D(27),O(5)	1,050,882	218,891	831,992	3/31/2026	T-12	1,015,519
20	Loan	14, 23	1	Mulberry Estates	0	YM1(56),O(4)	1,787,461	1,078,534	708,926	3/31/2026	T-12	NAV
21	Loan	14, 22, 23	1	Flats at 87Ten	0	YM1(56),O(4)	1,235,351	558,255	677,096	4/30/2026	T-9 Ann.	954,236
22	Loan	11, 14, 16, 17, 23	1	693 Sutter St	0	L(25),D(31),O(4)	595,528	234,992	360,535	5/31/2026	T-12	NAV
23	Loan	16, 23	1	Colby Heights	0	L(27),D(26),O(7)	527,501	114,863	412,639	5/31/2026	T-5 Ann.	NAV
24	Loan	10, 14, 22	3	SMS Portfolio	0	YM1(56),O(4)	1,129,559	443,777	685,783	5/31/2026	T-12	1,108,863
24.01	Property		1	Little River			NAV	NAV	NAV	NAV	NAV	NAV
24.02	Property		1	Tekoa Apartments			NAV	NAV	NAV	NAV	NAV	NAV
24.03	Property		1	DeVille Apartments			NAV	NAV	NAV	NAV	NAV	NAV
25	Loan	11, 14, 23	1	Town Centre Village Apartments	0	L(25),D(28),O(7)	987,411	378,669	608,742	6/30/2026	T-12	961,276
26	Loan	14, 21	1	1810 Belcourt Ave	0	YM1(53),O(7)	1,008,208	453,638	554,570	7/31/2026	T-12	957,469
27	Loan	11, 14, 16, 17, 24	1	The Venue	0	L(24),D(29),O(7)	954,104	411,178	542,926	8/31/2026	T-12	833,660
28	Loan	14, 16, 22, 23	1	Aspen Apartments	0	YM1(56),O(4)	777,446	293,481	483,965	6/30/2026	T-12	NAV
29	Loan	14	1	Aria at Wilcrest	0	YM1(56),O(4)	1,167,772	696,037	471,735	6/30/2026	T-12	NAV
30	Loan	14, 22	1	Bellagio Living II	0	YM1(56),O(4)	785,197	249,033	536,164	4/30/2026	T-12	797,826
31	Loan	14, 22	1	The 501 Apartments	0	YM1(56),O(4)	1,050,829	414,256	636,573	2/28/2026	T-12	NAV
32	Loan	14, 22, 23	1	The Arthur	0	YM1(56),O(4)	889,819	371,732	518,087	4/30/2026	T-12	859,644
33	Loan	14	1	Almeda Apartments	0	L(1),YM1(56),O(4)	801,980	221,330	580,650	6/30/2026	T-12	NAV
34	Loan	17	1	Pompano Flats	0	L(25),D(31),O(4)	658,432	156,917	501,515	7/31/2026	T-12	584,919
35	Loan	14, 22, 23	1	Northwood Apartments	0	YM1(56),O(4)	828,537	229,990	598,547	6/30/2026	T-12	783,157
36	Loan	14, 22	1	The Virginian	0	YM1(56),O(4)	625,645	228,554	397,091	7/31/2026	T-12	625,484
37	Loan	14, 23	1	Shasta Glen MHP	0	L(24),D(29),O(7)	545,326	176,217	369,108	6/30/2026	T-12	494,786
38	Loan	14	1	Springdale Apartments	0	YM1(56),O(4)	1,417,505	991,319	426,186	6/30/2026	T-12	NAV

		FREE WRITING PROSPECTUS
		FILED PURSUANT TO RULE 433
		REGISTRATION FILE NO.: 333-283864-06

(1)	The Administrative Fee Rate % includes the Servicing Fee Rate, the Operating Advisor Fee Rate, the Certificate Administrator/Trustee Fee Rate, the Asset Representations Reviewer Fee Rate and the CREFC^® Intellectual Property Royalty License Fee Rate applicable to each Mortgage Loan.

(2)	The Monthly Debt Service (P&I) and Annual Debt Service (P&I) ($) shown for Mortgage Loans with a partial interest-only period reflects the amount payable after the expiration of the interest-only period.

(3)	The open period is inclusive of the Maturity Date or Anticipated Repayment Date.

(4)	Underwritten NOI DSCR (x), Underwritten NCF DSCR (x), Whole Loan Underwritten NCF DSCR (x) and Total Debt Underwritten NCF DSCR (x) is calculated based on amortizing debt service payments (except for interest-only loans).

(5)	[Reserved].

(6)	[Reserved].

(7)	Property Located Within a Qualified Opportunity Zone (Y/N) reflects Mortgaged Properties that are located in qualified opportunity zones ("QOZs") under Internal Revenue Code § 1400Z-2 - Notice 2018-48 and Notice 2019-42. According to the Internal Revenue Service, (1) a QOZ is an economically distressed community where new investments, under certain conditions, may be eligible for preferential tax treatment, and (2) localities qualify as QOZs if they have been nominated for that designation by a state, the District of Columbia, or a U.S. territory and that nomination has been certified by the Secretary of the Treasury via his delegation of authority to the Internal Revenue Service. No representation is made as to whether any Mortgaged Properties located in QOZs or the related borrowers are eligible for such preferential tax treatment or whether any qualifying investment has been made in a QOZ.

(8)	If the purpose of the Mortgage Loan was to finance an acquisition of the Mortgaged Property, the field "Sources: Principal's New Cash Contribution ($)" reflects the cash investment by one or more of the equity owners in the borrower in connection with such acquisition. If the purpose of the Mortgage Loan was to refinance the Mortgaged Property, the field "Sources: Principal's New Cash Contribution ($)" reflects the cash contributed to the borrower by one or more of the equity owners at the time the Mortgage Loan was originated.

(9)	GACC—German American Capital Corporation or one of its affiliates; Axonic—AXMF 2026-1 LLC or one of its affiliates.

(10)	With respect to any mortgaged property securing a multi–property mortgage loan, the amounts listed under the headings “Original Balance ($)” and “Cut–off Date Balance ($)” reflect the Allocated Loan Amount related to such mortgaged property. ● Loan No. 3 – NW Arkansas Portfolio ● Loan No. 5 – Chestnut Woods & Chestnut Crossing ● Loan No. 10 – Riverside Portfolio ● Loan No. 11 – Virginia Portfolio ● Loan No. 14 – Naviah 1738 Portfolio ● Loan No. 16 – Pico Portfolio ● Loan No. 24 – SMS Portfolio

(11)	With respect to Loan No. 22, 693 Sutter St, the mortgaged property consists of 17 residential units that are 100% occupied as as of August 3 2026, and 3 vacant ground-floor retail spaces, which total 3,873 square feet. With respect to Loan No. 25, Town Centre Village Apartments, the mortgaged property consists of 37 residential units across 34,445 square feet, which is 97.3% occupied as of August 6, 2026, and 13 commercial units across 13,769 square feet, which is 100.0% occupied as of August 6, 2026. The residential component represents

	71.4% of total NRA and 72.4% of underwritten effective gross income and the commercial component represents 28.6% of total NRA and 27.6% of underwritten effective gross income. With respect to Loan No. 27, The Venue, the mortgaged property consists of 42 residential units across 33,130 square feet, which is 95.2% occupied as of August 31, 2026, and 7 commercial units across 14,423 square feet, which is 100.0% occupied as of August 31, 2026. The residential component represents 69.7% of total NRA and 71.6% of underwritten effective gross income and the commercial component represents 30.3% of total NRA and 28.4% of underwritten effective gross income.

(12)	The Administrative Fee Rate (%) includes the respective per annum rates applicable to the calculation of the servicing fee, any sub–servicing fee, trustee/certificate administrator fee, operating advisor fee, and CREFC® license fee with respect to each mortgage loan.

(13)	Annual Debt Service (IO) ($), Annual Debt Service (P&I) ($), Monthly Debt Service (IO) ($), Monthly Debt Service (P&I) ($), Underwritten NOI DSCR (x) and Underwritten NCF DSCR (x) for mortgage loans (i) with partial interest only periods are shown based on the monthly debt service payment immediately following the expiration of the interest only period and (ii) that are interest only until the related maturity date are shown based on the interest only payments during the 12-month period following the Cut-off Date (or, in the case of Monthly Debt Service (IO) ($), the average of such interest only payments) without regard to leap year adjustments

(14)	“Hard” generally means each tenant is required to transfer its rent directly to the lender–controlled lockbox account. However, with respect to hospitality properties, “Hard” means all credit card receipts are deposited directly into the lockbox by the card processing company and all over–the–counter cash and equivalents are required to be deposited by the property manager or borrower into the lockbox. “Soft” means the borrower has established a lockbox account that will be under lender control and the borrower or property manager is required to collect rents from the tenants and then deposit those rents into such lockbox account. “Springing” means that upon the occurrence of a trigger event (as specified in the related mortgage loan Documents), the borrower is required to establish a lockbox account that will be under lender control and the borrower or property manager is required to collect rents from the tenants and then deposit those rents into such lockbox account. With respect to Loan No. 10, Riverside Portfolio, the mortgage loan is structured without a lockbox. With respect to Loan No. 12, Westwood Townhomes, the mortgage loan is structured without a lockbox. With respect to Loan No. 14, Naviah 1738 Portfolio, the mortgage loan is structured without a lockbox. With respect to Loan No. 15, Brookside Apartments, the mortgage loan is structured without a lockbox. With respect to Loan No. 16, Pico Portfolio, the mortgage loan is structured without a lockbox. With respect to Loan No. 17, Sovereignty at Winter Park, the mortgage loan is structured without a lockbox. With respect to Loan No. 20, Mulberry Estates, the mortgage loan is structured without a lockbox. With respect to Loan No. 21, Flats at 87Ten, the mortgage loan is structured without a lockbox. With respect to Loan No. 22, 693 Sutter St, the mortgage loan is structured without a lockbox. With respect to Loan No. 24, SMS Portfolio, the mortgage loan is structured without a lockbox. With respect to Loan No. 25, Town Centre Village Apartments, the mortgage loan is structured without a lockbox.
	With respect to Loan No. 26, 1810 Belcourt Avenue, the mortgage loan is structured without a lockbox. With respect to Loan No. 27, The Venue, the mortgage loan is structured without a lockbox.

	With respect to Loan No. 28, Aspen Apartments, the mortgage loan is structured without a lockbox. With respect to Loan No. 29, Aria at Wilcrest, the mortgage loan is structured without a lockbox. With respect to Loan No. 30, Bellagio Living II, the mortgage loan is structured without a lockbox. With respect to Loan No. 31, The 501 Apartments, the mortgage loan is structured without a lockbox. With respect to Loan No. 32, The Arthur, the mortgage loan is structured without a lockbox. With respect to Loan No. 33, Almeda Apartments, the mortgage loan is structured without a lockbox. With respect to Loan No. 35, Northwood Apartments, the mortgage loan is structured without a lockbox. With respect to Loan No. 36, The Virginian, the mortgage loan is structured without a lockbox. With respect to Loan No. 37, Shasta Glen MHP, the mortgage loan is structured without a lockbox. With respect to Loan No. 38, Springdale Apartments, the mortgage loan is structured without a lockbox.

(15)	“In Place” means that related property cash flows go through a waterfall of required reserve or other payment amounts due before the lender either (i) disburses excess cash to the related borrower or (ii) retains excess cash as additional collateral for the mortgage loan. “Springing” means that upon the occurrence of a trigger event, as defined in the related mortgage loan documents, In Place cash management (as described above) will take effect, and will generally continue until all trigger events are cured (to the extent a cure is permitted under the related mortgage loan documents).

(16)	With respect to Loan No. 2, The Jax, the increase in Underwritten Net Operating Income ($) from Most Recent NOI ($) is primarily attributable to initial lease-up due to property being built in 2025. With respect to Loan No. 9, 501 West 7th Street, the increase in Underwritten Net Operating Income ($) from Most Recent NOI ($) is primarily attributable to the mortgaged property's recent stabilization following a comprehensive 2025 gut renovation and lease-up, resulting in higher occupancy and rental revenue. With respect to Loan No. 11, Virginia Portfolio, the increase in Underwritten Net Operating Income ($) from Most Recent NOI ($) is primarily attributable to increased rents and occupancy following renovation in 2025. With respect to Loan No. 12, Westwood Townhomes , the increase in Underwritten Net Operating Income ($) from Most Recent NOI ($) is primarily attributable to increased current physical occupancy compared to the average over the TTM April 30, 2026 period. With respect to Loan No. 13, Prestige District, the increase in Underwritten Net Operating Income ($) from Most Recent NOI ($) is primarily attributable to the completion of a comprehensive renovation, subsequent lease-up, and stabilization of the mortgaged property. With respect to Loan No. 15, Brookside Apartments, the increase in Underwritten Net Operating Income ($) from Most Recent NOI ($) is primarily attributable to improved occupancy following completion of the remediation program in July 2026 related to construction defects, as well as underwriting adjustments resulting from the stabilization of the mortgaged property operations. With respect to Loan No. 16, Pico Portfolio, the decrease in Underwritten Net Operating Income ($) from Most Recent NOI ($) is primarily attributable to appraisal expense estimates of repairs and maintenance, general and administrative fees and replacement reserves.
(16)
	With respect to Loan No. 19, Rockefeller Square Apartments, the increase in Underwritten Net Operating Income ($) from Most Recent NOI ($) is primarily attributable to a abrupt decline in occupancy due to significant

	tenant concentration comprised of Navy personnel that were called to active service and required to vacate the mortgaged property which negatively affected the occupancy of the Rockefeller Square Apartments property during the Most Recent NOI ($) period. Occupancy has since increased causing an increase in the Underwritten Net Operating Income ($). With respect to Loan No. 22, 693 Sutter St, the increase in Underwritten Net Operating Income ($) from Most Recent NOI ($) is primarily attributable to continued lease-up and stabilization of the mortgaged property following completion of the office-to-multifamily conversion. With respect to Loan No. 23, Colby Heights, the increase in Underwritten Net Operating Income ($) from Most Recent NOI ($) is primarily attributable to the continued lease-up and stabilization of the mortgaged property following completion of construction in 2025. With respect to Loan No. 27, The Venue, the increase in Underwritten Net Operating Income ($) from Most Recent NOI ($) is primarily attributable to continued lease up and stabilization of the mortgaged property. With respect to Loan No. 28, Aspen Apartments, the increase in Underwritten Net Operating Income ($) from Most Recent NOI ($) is primarily attributable to payroll being covered by the property manager under the new agreement effective September 1, 2026.

(17)	The grace periods noted under “Grace Period – Late Fee (Days)” and Grace Period – Default (Days) reflect the number of days of grace before a payment default is an event of default. Certain jurisdictions impose a statutorily longer grace period. Certain of the mortgage loans may additionally be subject to grace periods with respect to the occurrence of an event of default (other than a payment default) and/or commencement of late charges which are not addressed in Annex A–1 to this Preliminary Prospectus. With respect to Loan No. 7, Yorktowne Pointe Apartments, a grace period of five days is permitted once during the term of the mortgage loan term with respect to late fees. With respect to Loan No. 11, Virginia Portfolio, a grace period of ten days is permitted twice during the term of the mortgage loan term with respect to late fees. With respect to Loan No. 22, 693 Sutter St, a grace period of five days is permitted once during the term of the mortgage loan term with respect to late fees. With respect to Loan No. 27, The Venue, a grace period of five days is permitted once during the term of the mortgage loan term with respect to late fees. With respect to Loan No. 34, Pompano Flats, a grace period of five days is permitted once during the term of the mortgage loan term with respect to late fees.

(18)	Prepayment Provisions are shown from the respective mortgage loan First Payment Date. “L(x)” means lock–out for x payments. “D(x)” means may be defeased for x payments. “YM(x)” means may be prepaid for x payments with payment of a yield maintenance charge. “YM1(x)” means may be prepaid for x payments with payment of the greater of a yield maintenance charge and 1% of the amount prepaid. “DorYM1(x)” means may be prepaid for x payments with either defeasance or a yield maintenance charge or 1% of the amount prepaid.

	“O(x)” means freely prepayable for x payments, including the maturity date. Certain of the mortgage loans permit the release of a portion of a mortgaged property (or an individual mortgaged property, in connection with a portfolio mortgage loan) under various circumstances, as described in this Preliminary Prospectus. See “Description of the Mortgage Pool—Certain Terms of the Mortgage Loans—Partial Releases” in this Preliminary Prospectus and footnote 21 above. In addition, certain of the mortgage loans permit the borrower to prepay a portion of the mortgage loan to avoid or cure a cash sweep period due to a low debt yield or debt service coverage ratio trigger.

(19)	Partial release in connection with a partial prepayment or partial defeasance or substitution or a free release is permitted for the following loans. See “Description of the Mortgage Pool—Certain Terms of the Mortgage Loans—Partial Releases” in this Preliminary Prospectus for the terms of the releases.

(20)	[Reserved].

(21)	The following mortgage loans have one or more borrowers that own all or a portion of the related mortgaged property as tenants–in–common. See “Description of the Mortgage Pool—Mortgage Pool Characteristics—– Tenancies–in–Common or Diversified Ownership” in this Preliminary Prospectus for further information. With respect to Loan No. 16, Pico Portfolio, the related borrowers own the Pico Portfolio Mortgaged Properties as tenants-in-common. With respect to Loan No. 26, 1810 Belcourt Avenue, the related borrowers own the 1810 Belcourt Avenue Mortgaged Property as tenants-in-common.

(22)	With respect to Loan No. 1, Midtown Towers, the borrower is required to deposit $12,700 per month in to the capital expenditures reserve upon (i) a default under the Midtown Towers Mortgage Loan documents, (ii) a transfer requiring lender approval, (iii) the placement of a subordinate loan or (iv) the lender’s assessment of the physical condition of the Midtown Towers Mortgaged Property. With respect to Loan No. 2, The Jax, the borrower is required to deposit $4,700 per month in to the capital expenditures reserve upon (i) a default under The Jax Mortgage Loan documents, (ii) a transfer requiring lender approval, (iii) the placement of a subordinate loan or (iv) the lender’s assessment of the physical condition of The Jax Mortgaged Property. With respect to Loan No. 4, Marine Terrace, the borrower is required to deposit $4,306.67 per month in to the capital expenditures reserve upon (i) a default under the Marine Terrace Mortgage Loan documents, (ii) a transfer requiring lender approval, (iii) the placement of a subordinate loan or (iv) the lender’s assessment of the physical condition of the Marine Terrace Mortgaged Property. With respect to Loan No. 5, Chestnut Woods & Chestnut Crossing, the borrower is required to deposit $3,750 per month in to the capital expenditures reserve upon (i) a default under the Chestnut Woods & Chestnut Crossing Mortgage Loan documents, (ii) a transfer requiring lender approval, (iii) the placement of a subordinate loan or (iv) the lender’s assessment of the physical condition of the Chestnut Woods & Chestnut Crossing Mortgaged Properties. With respect to Loan No. 6, Douglaston Villas & Townhomes, the borrower is required to deposit $6,006 per month in to the capital expenditures reserve upon (i) a default under the Douglaston Villas & Townhomes Mortgage Loan documents, (ii) a transfer requiring lender approval, (iii) the placement of a subordinate loan or (iv) the lender’s assessment of the physical condition of the Douglaston Villas & Townhomes Mortgaged Property. With respect to Loan No. 14, Naviah 1738 Portfolio, the borrower is required to deposit $2,604.17 per month in to the capital expenditures reserve upon (i) a default under the Naviah 1738 Portfolio Mortgage Loan documents, (ii) a transfer requiring lender approval, (iii) the placement of a subordinate loan or (iv) the lender’s assessment of the physical condition of the Naviah 1738 Portfolio Mortgaged Properties.

	With respect to Loan No. 17, Sovereignty at Winter Park, the borrower is required to deposit $3,500 per month in to the capital expenditures reserve upon (i) a default under the Sovereignty at Winter Park Mortgage Loan documents, (ii) a transfer requiring lender approval, (iii) the placement of a subordinate loan or (iv) the lender’s assessment of the physical condition of the Sovereignty at Winter Park Mortgaged Property. With respect to Loan No. 21, Flats at 87Ten, the borrower is required to deposit $2,000 per month in to the capital expenditures reserve upon (i) a default under the Flats at 87Ten Mortgage Loan documents, (ii) a transfer requiring lender approval, (iii) the placement of a subordinate loan or (iv) the lender’s assessment of the physical condition of the Flats at 87Ten Mortgaged Property. With respect to Loan No. 24, SMS Portfolio, the borrower is required to deposit $1,604.17 per month in to the capital expenditures reserve upon (i) a default under the SMS Portfolio Mortgage Loan documents, (ii) a transfer requiring lender approval, (iii) the placement of a subordinate loan or (iv) the lender’s assessment of the physical condition of the SMS Portfolio Mortgaged Properties. With respect to Loan No. 28, Aspen Apartments, the borrower is required to deposit $937.50 per month in to the capital expenditures reserve upon (i) a default under the Aspen Apartments Mortgage Loan documents, (ii) a transfer requiring lender approval, (iii) the placement of a subordinate loan or (iv) the lender’s assessment of the physical condition of the Aspen Apartments Mortgaged Property. With respect to Loan No. 30, Bellagio Living II, the borrower is required to deposit $1,812 per month in to the capital expenditures reserve upon (i) a default under the Bellagio Living II Mortgage Loan documents, (ii) a transfer requiring lender approval, (iii) the placement of a subordinate loan or (iv) the lender’s assessment of the physical condition of the Bellagio Living II Mortgaged Property. With respect to Loan No. 31, The 501 Apartments, the borrower is required to deposit $1,450 per month in to the capital expenditures reserve upon (i) a default under the The 501 Apartments Mortgage Loan documents, (ii) a transfer requiring lender approval, (iii) the placement of a subordinate loan or (iv) the lender’s assessment of the physical condition of the The 501 Apartments Mortgaged Property.

	With respect to Loan No. 32, The Arthur, the borrower is required to deposit $1,208.33 per month in to the capital expenditures reserve upon (i) a default under The Arthur Mortgage Loan documents, (ii) a transfer requiring lender approval, (iii) the placement of a subordinate loan or (iv) the lender’s assessment of the physical condition of The Arthur Mortgaged Property. With respect to Loan No. 35, Northwood Apartments, the borrower is required to deposit $1,666.67 per month in to the capital expenditures reserve upon (i) a default under the Northwood Apartments Mortgage Loan documents, (ii) a transfer requiring lender approval, (iii) the placement of a subordinate loan or (iv) the lender’s assessment of the physical condition of the Northwood Apartments Mortgaged Property. With respect to Loan No. 36, The Virginian, the borrower is required to deposit $583.33 per month in to the capital expenditures reserve upon (i) a default under The Virginian Mortgage Loan documents, (ii) a transfer requiring lender approval, (iii) the placement of a subordinate loan or (iv) the lender’s assessment of the physical condition of The Virginian Mortgaged Property.

(23)	With respect to Loan No. 2, The Jax, historical NOI information is limited because The Jax mortgaged property was constructed in 2025. With respect to Loan No. 4, Marine Terrace, historical NOI information is limited because the Marine Terrace mortgaged property was renovated in 2025. With respect to Loan No. 8, Nissan Golden Gate, Fourth Most Recent financial information only reflects a partial year of operation because the borrower sponsor acquired the mortgage property in November 2023.