IMPORTANT NOTICE REGARDING THE CONDITIONS FOR THIS OFFERING OF ASSET-BACKED SECURITIES

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STATEMENT REGARDING THIS FREE WRITING PROSPECTUS

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Loan ID Number	Loan / Property Flag	Footnotes (for Loan and Property Information)	# of Properties	Property Name	% of Initial Pool Balance	% of Loan Balance	Mortgage Loan Originator	Mortgage Loan Seller	Related Group	Crossed Group	Address

1	Loan	9, 10, 11, 12, 13, 14, 15, 16	1	Hall of the States	9.9%	100.0%	GSBI	GSMC	NAP	NAP	400-444 North Capitol Street Northwest
2	Loan	9, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26	7	Old Edwards Portfolio	8.6%		GACC	GACC	NAP	NAP	Various
2.001	Property		1	Old Edwards Inn	5.0%	58.7%					445 Main Street
2.002	Property		1	Old Edwards Reserve at Lake Keowee	1.3%	14.8%					931 Reserve Boulevard
2.003	Property		1	Old Edwards Club	0.8%	9.2%					688 Highlands Cove Drive
2.004	Property		1	200 Main	0.7%	8.7%					200 Main Street
2.005	Property		1	Rivet House	0.6%	6.7%					355 Oneta Street
2.006	Property		1	Half Mile Farm	0.1%	1.3%					214 Half Mile Drive
2.007	Property		1	GlenCove Club	0.1%	0.7%					73 Wild Turkey Road
3	Loan	9, 27, 28, 29	16	Compass Storage National Portfolio 2.0	8.6%		CREFI	CREFI	NAP	NAP	Various
3.001	Property		1	New Iberia	0.9%	10.4%					405 Jefferson Terrace
3.002	Property		1	Ponte Vedra	0.8%	9.7%					1120 Preservation Trail
3.003	Property		1	Hastings-on-Hudson	0.8%	9.0%					1337 Saw Mill River Road
3.004	Property		1	Roseville	0.7%	8.0%					29500 Hayes Road
3.005	Property		1	Neptune	0.6%	6.9%					1109 Ninth Avenue
3.006	Property		1	Spring	0.6%	6.6%					25528 Aldine Westfield Road
3.007	Property		1	Gainesville	0.5%	6.1%					9417 Northwest 43rd Street
3.008	Property		1	Hudson Oaks	0.5%	5.9%					3761 Fort Worth Highway
3.009	Property		1	Marble Falls 2	0.5%	5.9%					706 Industrial Boulevard
3.010	Property		1	Mulberry	0.5%	5.7%					3000 Mulford Road
3.011	Property		1	Marble Falls 1	0.5%	5.7%					500 Industrial Boulevard
3.012	Property		1	Sewickley	0.5%	5.7%					2404 Nicholson Road
3.013	Property		1	West Palm Beach 2	0.5%	5.4%					2021 South Military Trail
3.014	Property		1	Acworth	0.3%	3.3%					5488 Wade Green Road
3.015	Property		1	Smyrna	0.3%	3.1%					200 Front Street
3.016	Property		1	Gonzales	0.2%	2.5%					39350 Highway 74
4	Loan	30, 31, 32	1	SoHo Centrale	7.3%	100.0%	GSBI	GSMC	NAP	NAP	93-99 Greene Street, 102-106 Wooster Street and 116 Wooster Street
5	Loan	9, 33, 34, 35, 36, 37, 38, 39, 40, 41, 42	1	Hamilton Place	6.2%	100.0%	GSBI	GSMC	NAP	NAP	2100 Hamilton Place Boulevard
6	Loan	43, 44, 45	1	University Park	6.1%	100.0%	AREF2	AREF2	NAP	NAP	3452-3505 Lake Lynda Drive and 11301-11315 Corporate Boulevard
7	Loan	46, 47, 48, 49	4	Hager NYC Portfolio	3.2%		CREFI	CREFI	NAP	NAP	Various
7.001	Property		1	444 West 48th Street	1.1%	33.8%					444 West 48th Street
7.002	Property		1	200 West 96th Street	0.8%	24.9%					200 West 96th Street
7.003	Property		1	753 9th Avenue	0.7%	21.6%					753 9th Avenue
7.004	Property		1	501 1/2 East 83rd Street	0.6%	19.7%					501 1/2 East 83rd Street
8	Loan	9, 50, 51	1	20 West 47th Street	2.6%	100.0%	CREFI	CREFI	NAP	NAP	20 West 47th Street
9	Loan	9, 52, 53, 54, 55, 56, 57, 58, 59, 60	1	One Penn Center	2.5%	100.0%	WFBNA	AREF2	NAP	NAP	1601-1629 John F. Kennedy Boulevard
10	Loan	61	1	Holiday Inn Hasbrouck Heights	2.5%	100.0%	CREFI	CREFI	NAP	NAP	283 NJ State Route 17
11	Loan	62, 63, 64, 65, 66, 67, 68, 69, 70	1	Kingsport Pavilion	2.5%	100.0%	GSBI	GSMC	NAP	NAP	2626 East Stone Drive
12	Loan	71, 72, 73	1	2461 East 17th Street	2.4%	100.0%	CREFI	CREFI	NAP	NAP	2461 East 17th Street
13	Loan	9, 74, 75, 76, 77, 78, 79	1	Queens Atrium	2.4%	100.0%	BMO, 3650 Capital	BMO	NAP	NAP	30-20 Thomson Avenue
14	Loan	9, 80, 81	1	Westroads Mall	2.4%	100.0%	AREF2	AREF2	NAP	NAP	10000 California Street
15	Loan	82, 83	1	Marriott Cincinnati Northeast	2.4%	100.0%	GSBI	GSMC	NAP	NAP	9664 South Mason Montgomery Road
16	Loan	84, 85, 86, 87, 88	2	437 East 12th Street and 435 East 9th Street	2.3%		CREFI	CREFI	NAP	NAP	Various
16.001	Property		1	437 East 12th Street	1.9%	84.3%					437 East 12th Street
16.002	Property		1	435 East 9th Street	0.4%	15.7%					435 East 9th Street
17	Loan	89	1	Lake James	2.1%	100.0%	BCREI	Barclays	Group 1	NAP	5786 Benfields Landing Road
18	Loan	9, 90, 91, 92, 93	1	1351 Jerome	2.0%	100.0%	AREF2, GSBI	AREF2	NAP	NAP	1351 Jerome Avenue
19	Loan	9, 94, 95	1	Mall at Prince George's	2.0%	100.0%	GSBI	GSMC	NAP	NAP	3500 East West Highway
20	Loan		1	Rise Lakeview	1.8%	100.0%	AREF2	AREF2	NAP	NAP	2808 7th Avenue South
21	Loan	96, 97	2	Miami Ironside District II	1.7%		CREFI	CREFI	NAP	NAP	Various
21.001	Property		1	7390, 7410, & 7500 NE 4th Court	1.0%	58.4%					7390, 7410 and 7500 Northeast 4th Court
21.002	Property		1	345 NE 80th Street	0.7%	41.6%					345 Northeast 80th Terrace
22	Loan	98	1	2270 Frederick Douglass Boulevard	1.7%	100.0%	AREF2	AREF2	NAP	NAP	2270 Frederick Douglass Boulevard
23	Loan	99, 100	1	Ashley Plaza	1.5%	100.0%	AREF2	AREF2	NAP	NAP	201 North Berkeley Boulevard
24	Loan	101, 102	1	Lake Hickory	1.4%	100.0%	BCREI	Barclays	Group 1	NAP	6641 Monford Drive
25	Loan		1	Staybridge Suites - Pecos, TX	1.3%	100.0%	AREF2	AREF2	NAP	NAP	121 Lincoln Street
26	Loan	103, 104	1	StorQuest Self Storage - Stockton	1.2%	100.0%	GSBI	GSMC	NAP	NAP	8627 Thornton Road
27	Loan	9, 105, 106, 107, 108, 109	1	HP Plaza	1.1%	100.0%	GSBI	GSMC	NAP	NAP	10300 and 10400 Energy Drive
28	Loan	110, 111, 112	1	7315-7321 North Atlantic Avenue	1.0%	100.0%	GSBI	GSMC	NAP	NAP	7315-7321 North Atlantic Avenue
29	Loan	113, 114	1	Evergreen Medical Office	0.9%	100.0%	AREF2	AREF2	NAP	NAP	200 East Del Mar Boulevard
30	Loan	9, 115, 116, 117, 118, 119, 120, 121	1	Del Rey Campus	0.9%	100.0%	GSBI	GSMC	NAP	NAP	4800, 4820, 4840 Alla Road
31	Loan		1	My Garage Self Storage	0.9%	100.0%	BCREI	Barclays	NAP	NAP	5230 Farm-to-Market 663
32	Loan	122, 123	4	Kayyem Retail Portfolio	0.9%		BCREI	Barclays	NAP	NAP	Various
32.001	Property		1	CVS - Montevallo	0.3%	31.2%					700 Main Street
32.002	Property		1	Giant Eagle - Punxsutawney	0.2%	26.9%					201 West Mahoning Street
32.003	Property		1	Dollar Tree - Lebanon	0.2%	23.1%					415 South 9th Street
32.004	Property		1	Dollar Tree - West Allis	0.2%	18.8%					10725 West Greenfield Avenue
33	Loan	124	1	Country View Farms MHC	0.8%	100.0%	BCREI	Barclays	Group 2	NAP	5900 West County Road 350 North
34	Loan	9, 125, 126, 127, 128, 129, 130, 131	1	400 Arcola Road	0.7%	100.0%	GSBI	GSMC	NAP	NAP	400 Arcola Road
35	Loan	132	1	Country Living MHC	0.6%	100.0%	BCREI	Barclays	Group 2	NAP	1624 South 25 West
36	Loan		1	Oakwood MHC	0.6%	100.0%	BCREI	Barclays	Group 2	NAP	1237 North US Highway 27
37	Loan	133	1	Maple Lawn Villages MHC	0.6%	100.0%	BCREI	Barclays	Group 2	NAP	12948 South US Route 31
38	Loan	134, 135	3	Evoke MHC 3 Pack	0.5%		GACC	GACC	Group 3	NAP	Various
38.001	Property		1	Aztec MHC	0.2%	42.3%					3902 Bluff Road
38.002	Property		1	Sycamore Court	0.2%	29.2%					5836 Avenue O
38.003	Property		1	Elkhorn MHC	0.2%	28.5%					1243 Paris Pike
39	Loan	136, 137	1	359 West 39th Street	0.5%	100.0%	GSBI	GSMC	NAP	NAP	359 West 39th Street
40	Loan	138	1	1820 Loring Place	0.4%	100.0%	AREF2	AREF2	NAP	NAP	1820 Loring Place South
41	Loan	139	1	Greentown Estates MHC	0.4%	100.0%	BCREI	Barclays	Group 2	NAP	500 West Payton Street
42	Loan		1	Modern Estates MHC	0.4%	100.0%	BCREI	Barclays	Group 2	NAP	2700 North Washington Street
43	Loan		1	Evoke MHC Ohio	0.3%	100.0%	GACC	GACC	Group 3	NAP	203 Midvale Avenue

Loan ID Number	Loan / Property Flag	Footnotes (for Loan and Property Information)	# of Properties	Property Name	Loan Per Unit ($)	Original Balance ($)	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) ($)	Annual Debt Service (IO) ($)
										1		2		2
1	Loan	9, 10, 11, 12, 13, 14, 15, 16	1	Hall of the States	226.05	75,000,000	75,000,000	75,000,000	6.55300%	0.01846%	6.53454%	NAP	415,250.87	NAP	4,983,010.44
2	Loan	9, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26	7	Old Edwards Portfolio	589,519.65	65,000,000	65,000,000	65,000,000	7.08900%	0.01846%	7.07054%	NAP	389,320.66	NAP	4,671,847.92
2.001	Property		1	Old Edwards Inn		38,125,413	38,125,413	38,125,413
2.002	Property		1	Old Edwards Reserve at Lake Keowee		9,609,600	9,609,600	9,609,600
2.003	Property		1	Old Edwards Club		5,950,894	5,950,894	5,950,894
2.004	Property		1	200 Main		5,640,556	5,640,556	5,640,556
2.005	Property		1	Rivet House		4,381,481	4,381,481	4,381,481
2.006	Property		1	Half Mile Farm		860,648	860,648	860,648
2.007	Property		1	GlenCove Club		431,407	431,407	431,407
3	Loan	9, 27, 28, 29	16	Compass Storage National Portfolio 2.0	111.59	65,000,000	65,000,000	65,000,000	5.95000%	0.04721%	5.90279%	NAP	326,767.94	NAP	3,921,215.28
3.001	Property		1	New Iberia		6,750,419	6,750,419	6,750,419
3.002	Property		1	Ponte Vedra		6,314,908	6,314,908	6,314,908
3.003	Property		1	Hastings-on-Hudson		5,865,787	5,865,787	5,865,787
3.004	Property		1	Roseville		5,226,131	5,226,131	5,226,131
3.005	Property		1	Neptune		4,463,987	4,463,987	4,463,987
3.006	Property		1	Spring		4,300,670	4,300,670	4,300,670
3.007	Property		1	Gainesville		3,974,037	3,974,037	3,974,037
3.008	Property		1	Hudson Oaks		3,865,159	3,865,159	3,865,159
3.009	Property		1	Marble Falls 2		3,810,720	3,810,720	3,810,720
3.010	Property		1	Mulberry		3,729,062	3,729,062	3,729,062
3.011	Property		1	Marble Falls 1		3,729,062	3,729,062	3,729,062
3.012	Property		1	Sewickley		3,701,843	3,701,843	3,701,843
3.013	Property		1	West Palm Beach 2		3,484,087	3,484,087	3,484,087
3.014	Property		1	Acworth		2,136,725	2,136,725	2,136,725
3.015	Property		1	Smyrna		2,041,457	2,041,457	2,041,457
3.016	Property		1	Gonzales		1,605,946	1,605,946	1,605,946
4	Loan	30, 31, 32	1	SoHo Centrale	1,557.85	55,500,000	55,500,000	55,500,000	6.82100%	0.01846%	6.80254%	NAP	319,852.80	NAP	3,838,233.60
5	Loan	9, 33, 34, 35, 36, 37, 38, 39, 40, 41, 42	1	Hamilton Place	185.91	46,900,000	46,726,599	44,345,668	6.84700%	0.01846%	6.82854%	307,222.66	NAP	3,686,671.92	NAP
6	Loan	43, 44, 45	1	University Park	119.57	46,500,000	46,500,000	46,500,000	6.97000%	0.01846%	6.95154%	NAP	273,838.72	NAP	3,286,064.64
7	Loan	46, 47, 48, 49	4	Hager NYC Portfolio	408,333.33	24,500,000	24,500,000	24,500,000	6.86000%	0.01846%	6.84154%	NAP	142,003.59	NAP	1,704,043.08
7.001	Property		1	444 West 48th Street		8,275,000	8,275,000	8,275,000
7.002	Property		1	200 West 96th Street		6,100,000	6,100,000	6,100,000
7.003	Property		1	753 9th Avenue		5,300,000	5,300,000	5,300,000
7.004	Property		1	501 1/2 East 83rd Street		4,825,000	4,825,000	4,825,000
8	Loan	9, 50, 51	1	20 West 47th Street	501.89	19,900,000	19,871,979	18,875,270	7.12000%	0.01846%	7.10154%	134,002.83	NAP	1,608,033.96	NAP
9	Loan	9, 52, 53, 54, 55, 56, 57, 58, 59, 60	1	One Penn Center	77.77	19,250,000	19,189,461	17,733,797	7.30000%	0.01846%	7.28154%	139,761.03	NAP	1,677,132.36	NAP
10	Loan	61	1	Holiday Inn Hasbrouck Heights	76,612.90	19,000,000	19,000,000	19,000,000	8.32000%	0.01846%	8.30154%	NAP	133,562.96	NAP	1,602,755.52
11	Loan	62, 63, 64, 65, 66, 67, 68, 69, 70	1	Kingsport Pavilion	98.89	18,900,000	18,900,000	18,900,000	6.77100%	0.01846%	6.75254%	NAP	108,124.41	NAP	1,297,492.92
12	Loan	71, 72, 73	1	2461 East 17th Street	602.39	18,500,000	18,500,000	18,500,000	7.10000%	0.01846%	7.08154%	NAP	110,978.59	NAP	1,331,743.08
13	Loan	9, 74, 75, 76, 77, 78, 79	1	Queens Atrium	216.80	18,000,000	18,000,000	18,000,000	8.15500%	0.01846%	8.13654%	NAP	124,023.96	NAP	1,488,287.52
14	Loan	9, 80, 81	1	Westroads Mall	124.13	18,000,000	17,943,388	17,143,273	7.47800%	0.01846%	7.45954%	125,587.56	NAP	1,507,050.72	NAP
15	Loan	82, 83	1	Marriott Cincinnati Northeast	58,607.66	18,000,000	17,933,944	17,025,752	6.87700%	0.01846%	6.85854%	118,271.24	NAP	1,419,254.88	NAP
16	Loan	84, 85, 86, 87, 88	2	437 East 12th Street and 435 East 9th Street	357,142.86	17,500,000	17,500,000	17,500,000	6.42000%	0.01846%	6.40154%	NAP	94,925.35	NAP	1,139,104.20
16.001	Property		1	437 East 12th Street		14,750,000	14,750,000	14,750,000
16.002	Property		1	435 East 9th Street		2,750,000	2,750,000	2,750,000
17	Loan	89	1	Lake James	37,558.69	16,000,000	16,000,000	16,000,000	7.14800%	0.01846%	7.12954%	NAP	96,630.37	NAP	1,159,564.44
18	Loan	9, 90, 91, 92, 93	1	1351 Jerome	263,157.89	15,000,000	15,000,000	15,000,000	6.44500%	0.01846%	6.42654%	NAP	81,681.42	NAP	980,177.04
19	Loan	9, 94, 95	1	Mall at Prince George's	111.89	15,000,000	14,942,609	14,267,453	7.35500%	0.01846%	7.33654%	103,396.89	NAP	1,240,762.68	NAP
20	Loan		1	Rise Lakeview	253,703.70	13,700,000	13,700,000	13,700,000	6.62100%	0.01846%	6.60254%	NAP	76,639.61	NAP	919,675.32
21	Loan	96, 97	2	Miami Ironside District II	347.51	12,750,000	12,750,000	12,750,000	7.14000%	0.01846%	7.12154%	NAP	76,916.15	NAP	922,993.80
21.001	Property		1	7390, 7410, & 7500 NE 4th Court		7,450,000	7,450,000	7,450,000
21.002	Property		1	345 NE 80th Street		5,300,000	5,300,000	5,300,000
22	Loan	98	1	2270 Frederick Douglass Boulevard	309,756.10	12,700,000	12,700,000	12,700,000	6.77600%	0.01846%	6.75754%	NAP	72,708.68	NAP	872,504.16
23	Loan	99, 100	1	Ashley Plaza	70.92	11,620,000	11,620,000	11,620,000	7.23000%	0.01846%	7.21154%	NAP	70,982.87	NAP	851,794.44
24	Loan	101, 102	1	Lake Hickory	56,544.50	10,800,000	10,800,000	10,800,000	6.65400%	0.01846%	6.63554%	NAP	60,717.75	NAP	728,613.00
25	Loan		1	Staybridge Suites - Pecos, TX	99,029.13	10,200,000	10,200,000	9,434,433	7.61000%	0.01846%	7.59154%	76,108.43	NAP	913,301.16	NAP
26	Loan	103, 104	1	StorQuest Self Storage - Stockton	120.39	9,460,000	9,460,000	9,460,000	7.20600%	0.01846%	7.18754%	NAP	57,596.29	NAP	691,155.48
27	Loan	9, 105, 106, 107, 108, 109	1	HP Plaza	229.91	8,000,000	8,000,000	8,000,000	7.01000%	0.01846%	6.99154%	NAP	47,382.41	NAP	568,588.92
28	Loan	110, 111, 112	1	7315-7321 North Atlantic Avenue	104.87	7,500,000	7,500,000	7,500,000	7.08200%	0.01846%	7.06354%	NAP	44,877.26	NAP	538,527.12
29	Loan	113, 114	1	Evergreen Medical Office	132.34	7,200,000	7,200,000	7,200,000	8.04200%	0.01846%	8.02354%	NAP	48,922.17	NAP	587,066.04
30	Loan	9, 115, 116, 117, 118, 119, 120, 121	1	Del Rey Campus	493.73	7,000,000	7,000,000	7,000,000	6.94990%	0.01846%	6.93144%	NAP	41,104.15	NAP	493,249.80
31	Loan		1	My Garage Self Storage	76.11	6,975,000	6,975,000	6,975,000	6.77000%	0.01846%	6.75154%	NAP	39,897.16	NAP	478,765.92
32	Loan	122, 123	4	Kayyem Retail Portfolio	129.65	6,700,000	6,700,000	6,700,000	7.43100%	0.01846%	7.41254%	NAP	42,066.00	NAP	504,792.00
32.001	Property		1	CVS - Montevallo		2,090,000	2,090,000	2,090,000
32.002	Property		1	Giant Eagle - Punxsutawney		1,800,000	1,800,000	1,800,000
32.003	Property		1	Dollar Tree - Lebanon		1,550,000	1,550,000	1,550,000
32.004	Property		1	Dollar Tree - West Allis		1,260,000	1,260,000	1,260,000
33	Loan	124	1	Country View Farms MHC	39,432.43	5,836,000	5,836,000	5,836,000	6.16000%	0.01846%	6.14154%	NAP	30,374.22	NAP	364,490.64
34	Loan	9, 125, 126, 127, 128, 129, 130, 131	1	400 Arcola Road	188.29	5,000,000	5,000,000	5,000,000	6.78100%	0.01846%	6.76254%	NAP	28,646.59	NAP	343,759.08
35	Loan	132	1	Country Living MHC	47,340.00	4,734,000	4,734,000	4,734,000	6.16000%	0.01846%	6.14154%	NAP	24,638.72	NAP	295,664.64
36	Loan		1	Oakwood MHC	41,109.09	4,522,000	4,522,000	4,522,000	6.16000%	0.01846%	6.14154%	NAP	23,535.34	NAP	282,424.08
37	Loan	133	1	Maple Lawn Villages MHC	40,146.79	4,376,000	4,376,000	4,376,000	6.16000%	0.01846%	6.14154%	NAP	22,775.46	NAP	273,305.52
38	Loan	134, 135	3	Evoke MHC 3 Pack	37,222.22	4,020,000	4,020,000	4,020,000	6.88600%	0.01846%	6.86754%	NAP	23,388.49	NAP	280,661.88
38.001	Property		1	Aztec MHC		1,700,460	1,700,460	1,700,460
38.002	Property		1	Sycamore Court		1,173,840	1,173,840	1,173,840
38.003	Property		1	Elkhorn MHC		1,145,700	1,145,700	1,145,700
39	Loan	136, 137	1	359 West 39th Street	2,580.65	4,000,000	4,000,000	4,000,000	6.92700%	0.01846%	6.90854%	NAP	23,410.69	NAP	280,928.28
40	Loan	138	1	1820 Loring Place	41,753.42	3,048,000	3,048,000	3,048,000	7.12000%	0.01846%	7.10154%	NAP	18,335.98	NAP	220,031.76
41	Loan	139	1	Greentown Estates MHC	37,246.91	3,017,000	3,017,000	3,017,000	6.16000%	0.01846%	6.14154%	NAP	15,702.37	NAP	188,428.44
42	Loan		1	Modern Estates MHC	14,946.24	2,780,000	2,780,000	2,780,000	6.16000%	0.01846%	6.14154%	NAP	14,468.87	NAP	173,626.44
43	Loan		1	Evoke MHC Ohio	45,882.35	2,340,000	2,340,000	2,340,000	7.00200%	0.01846%	6.98354%	NAP	13,843.54	NAP	166,122.48

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	9, 10, 11, 12, 13, 14, 15, 16	1	Hall of the States	Interest Only	No	Actual/360	60	59	60	59	0	0
2	Loan	9, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26	7	Old Edwards Portfolio	Interest Only	No	Actual/360	60	58	60	58	0	0
2.001	Property		1	Old Edwards Inn
2.002	Property		1	Old Edwards Reserve at Lake Keowee
2.003	Property		1	Old Edwards Club
2.004	Property		1	200 Main
2.005	Property		1	Rivet House
2.006	Property		1	Half Mile Farm
2.007	Property		1	GlenCove Club
3	Loan	9, 27, 28, 29	16	Compass Storage National Portfolio 2.0	Interest Only	No	Actual/360	60	58	60	58	0	0
3.001	Property		1	New Iberia
3.002	Property		1	Ponte Vedra
3.003	Property		1	Hastings-on-Hudson
3.004	Property		1	Roseville
3.005	Property		1	Neptune
3.006	Property		1	Spring
3.007	Property		1	Gainesville
3.008	Property		1	Hudson Oaks
3.009	Property		1	Marble Falls 2
3.010	Property		1	Mulberry
3.011	Property		1	Marble Falls 1
3.012	Property		1	Sewickley
3.013	Property		1	West Palm Beach 2
3.014	Property		1	Acworth
3.015	Property		1	Smyrna
3.016	Property		1	Gonzales
4	Loan	30, 31, 32	1	SoHo Centrale	Interest Only	No	Actual/360	60	60	60	60	0	0
5	Loan	9, 33, 34, 35, 36, 37, 38, 39, 40, 41, 42	1	Hamilton Place	Amortizing Balloon	No	Actual/360	0	0	60	55	360	355
6	Loan	43, 44, 45	1	University Park	Interest Only	No	Actual/360	60	56	60	56	0	0
7	Loan	46, 47, 48, 49	4	Hager NYC Portfolio	Interest Only	No	Actual/360	60	60	60	60	0	0
7.001	Property		1	444 West 48th Street
7.002	Property		1	200 West 96th Street
7.003	Property		1	753 9th Avenue
7.004	Property		1	501 1/2 East 83rd Street
8	Loan	9, 50, 51	1	20 West 47th Street	Amortizing Balloon	No	Actual/360	0	0	60	58	360	358
9	Loan	9, 52, 53, 54, 55, 56, 57, 58, 59, 60	1	One Penn Center	Amortizing Balloon	No	Actual/360	0	0	60	57	300	297
10	Loan	61	1	Holiday Inn Hasbrouck Heights	Interest Only	No	Actual/360	60	60	60	60	0	0
11	Loan	62, 63, 64, 65, 66, 67, 68, 69, 70	1	Kingsport Pavilion	Interest Only	No	Actual/360	60	58	60	58	0	0
12	Loan	71, 72, 73	1	2461 East 17th Street	Interest Only	No	Actual/360	60	59	60	59	0	0
13	Loan	9, 74, 75, 76, 77, 78, 79	1	Queens Atrium	Interest Only	No	Actual/360	60	56	60	56	0	0
14	Loan	9, 80, 81	1	Westroads Mall	Amortizing Balloon	No	Actual/360	0	0	60	55	360	355
15	Loan	82, 83	1	Marriott Cincinnati Northeast	Amortizing Balloon	No	Actual/360	0	0	60	55	360	355
16	Loan	84, 85, 86, 87, 88	2	437 East 12th Street and 435 East 9th Street	Interest Only	No	Actual/360	60	58	60	58	0	0
16.001	Property		1	437 East 12th Street
16.002	Property		1	435 East 9th Street
17	Loan	89	1	Lake James	Interest Only	No	Actual/360	60	59	60	59	0	0
18	Loan	9, 90, 91, 92, 93	1	1351 Jerome	Interest Only	No	Actual/360	60	58	60	58	0	0
19	Loan	9, 94, 95	1	Mall at Prince George's	Amortizing Balloon	No	Actual/360	0	0	60	54	360	354
20	Loan		1	Rise Lakeview	Interest Only	No	Actual/360	60	55	60	55	0	0
21	Loan	96, 97	2	Miami Ironside District II	Interest Only	No	Actual/360	60	59	60	59	0	0
21.001	Property		1	7390, 7410, & 7500 NE 4th Court
21.002	Property		1	345 NE 80th Street
22	Loan	98	1	2270 Frederick Douglass Boulevard	Interest Only	No	Actual/360	60	56	60	56	0	0
23	Loan	99, 100	1	Ashley Plaza	Interest Only	No	Actual/360	60	57	60	57	0	0
24	Loan	101, 102	1	Lake Hickory	Interest Only	No	Actual/360	60	58	60	58	0	0
25	Loan		1	Staybridge Suites - Pecos, TX	Amortizing Balloon	No	Actual/360	0	0	60	60	300	300
26	Loan	103, 104	1	StorQuest Self Storage - Stockton	Interest Only	No	Actual/360	60	59	60	59	0	0
27	Loan	9, 105, 106, 107, 108, 109	1	HP Plaza	Interest Only	No	Actual/360	60	55	60	55	0	0
28	Loan	110, 111, 112	1	7315-7321 North Atlantic Avenue	Interest Only	No	Actual/360	60	59	60	59	0	0
29	Loan	113, 114	1	Evergreen Medical Office	Interest Only	No	Actual/360	60	59	60	59	0	0
30	Loan	9, 115, 116, 117, 118, 119, 120, 121	1	Del Rey Campus	Interest Only	No	Actual/360	60	52	60	52	0	0
31	Loan		1	My Garage Self Storage	Interest Only	No	Actual/360	60	58	60	58	0	0
32	Loan	122, 123	4	Kayyem Retail Portfolio	Interest Only	No	Actual/360	60	59	60	59	0	0
32.001	Property		1	CVS - Montevallo
32.002	Property		1	Giant Eagle - Punxsutawney
32.003	Property		1	Dollar Tree - Lebanon
32.004	Property		1	Dollar Tree - West Allis
33	Loan	124	1	Country View Farms MHC	Interest Only	No	Actual/360	60	57	60	57	0	0
34	Loan	9, 125, 126, 127, 128, 129, 130, 131	1	400 Arcola Road	Interest Only	No	Actual/360	60	52	60	52	0	0
35	Loan	132	1	Country Living MHC	Interest Only	No	Actual/360	60	57	60	57	0	0
36	Loan		1	Oakwood MHC	Interest Only	No	Actual/360	60	57	60	57	0	0
37	Loan	133	1	Maple Lawn Villages MHC	Interest Only	No	Actual/360	60	57	60	57	0	0
38	Loan	134, 135	3	Evoke MHC 3 Pack	Interest Only	No	Actual/360	60	59	60	59	0	0
38.001	Property		1	Aztec MHC
38.002	Property		1	Sycamore Court
38.003	Property		1	Elkhorn MHC
39	Loan	136, 137	1	359 West 39th Street	Interest Only	No	Actual/360	60	59	60	59	0	0
40	Loan	138	1	1820 Loring Place	Interest Only	No	Actual/360	60	58	60	58	0	0
41	Loan	139	1	Greentown Estates MHC	Interest Only	No	Actual/360	60	57	60	57	0	0
42	Loan		1	Modern Estates MHC	Interest Only	No	Actual/360	60	57	60	57	0	0
43	Loan		1	Evoke MHC Ohio	Interest Only	No	Actual/360	60	58	60	58	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)	Grace Period - Default (Days)

1	Loan	9, 10, 11, 12, 13, 14, 15, 16	1	Hall of the States	9/8/2026	1	6	11/6/2026	NAP	10/6/2031	NAP	0	0
2	Loan	9, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26	7	Old Edwards Portfolio	8/7/2026	2	6	10/6/2026	NAP	9/6/2031	NAP	0	0
2.001	Property		1	Old Edwards Inn
2.002	Property		1	Old Edwards Reserve at Lake Keowee
2.003	Property		1	Old Edwards Club
2.004	Property		1	200 Main
2.005	Property		1	Rivet House
2.006	Property		1	Half Mile Farm
2.007	Property		1	GlenCove Club
3	Loan	9, 27, 28, 29	16	Compass Storage National Portfolio 2.0	8/19/2026	2	6	10/6/2026	NAP	9/6/2031	NAP	0	0
3.001	Property		1	New Iberia
3.002	Property		1	Ponte Vedra
3.003	Property		1	Hastings-on-Hudson
3.004	Property		1	Roseville
3.005	Property		1	Neptune
3.006	Property		1	Spring
3.007	Property		1	Gainesville
3.008	Property		1	Hudson Oaks
3.009	Property		1	Marble Falls 2
3.010	Property		1	Mulberry
3.011	Property		1	Marble Falls 1
3.012	Property		1	Sewickley
3.013	Property		1	West Palm Beach 2
3.014	Property		1	Acworth
3.015	Property		1	Smyrna
3.016	Property		1	Gonzales
4	Loan	30, 31, 32	1	SoHo Centrale	10/19/2026	0	6	12/6/2026	NAP	11/6/2031	NAP	0	0
5	Loan	9, 33, 34, 35, 36, 37, 38, 39, 40, 41, 42	1	Hamilton Place	5/29/2026	5	6	7/6/2026	7/6/2026	6/6/2031	NAP	5 (Once per trailing 12-month period)	0
6	Loan	43, 44, 45	1	University Park	6/12/2026	4	6	8/6/2026	NAP	7/6/2031	NAP	0	0
7	Loan	46, 47, 48, 49	4	Hager NYC Portfolio	10/15/2026	0	6	12/6/2026	NAP	11/6/2031	NAP	0	0
7.001	Property		1	444 West 48th Street
7.002	Property		1	200 West 96th Street
7.003	Property		1	753 9th Avenue
7.004	Property		1	501 1/2 East 83rd Street
8	Loan	9, 50, 51	1	20 West 47th Street	9/2/2026	2	6	10/6/2026	10/6/2026	9/6/2031	NAP	0	0
9	Loan	9, 52, 53, 54, 55, 56, 57, 58, 59, 60	1	One Penn Center	8/7/2026	3	11	9/11/2026	9/11/2026	8/11/2031	NAP	0	0
10	Loan	61	1	Holiday Inn Hasbrouck Heights	10/16/2026	0	6	12/6/2026	NAP	11/6/2031	NAP	0	0
11	Loan	62, 63, 64, 65, 66, 67, 68, 69, 70	1	Kingsport Pavilion	8/31/2026	2	6	10/6/2026	NAP	9/6/2031	NAP	0	0
12	Loan	71, 72, 73	1	2461 East 17th Street	9/10/2026	1	6	11/6/2026	NAP	10/6/2031	NAP	0	0
13	Loan	9, 74, 75, 76, 77, 78, 79	1	Queens Atrium	7/7/2026	4	6	8/6/2026	NAP	7/6/2031	NAP	0	0
14	Loan	9, 80, 81	1	Westroads Mall	5/13/2026	5	6	7/6/2026	7/6/2026	6/6/2031	NAP	0	0
15	Loan	82, 83	1	Marriott Cincinnati Northeast	5/27/2026	5	6	7/6/2026	7/6/2026	6/6/2031	NAP	0	0
16	Loan	84, 85, 86, 87, 88	2	437 East 12th Street and 435 East 9th Street	8/14/2026	2	6	10/6/2026	NAP	9/6/2031	NAP	0	0
16.001	Property		1	437 East 12th Street
16.002	Property		1	435 East 9th Street
17	Loan	89	1	Lake James	9/18/2026	1	6	11/6/2026	NAP	10/6/2031	NAP	0	0
18	Loan	9, 90, 91, 92, 93	1	1351 Jerome	8/10/2026	2	6	10/6/2026	NAP	9/6/2031	NAP	0	0
19	Loan	9, 94, 95	1	Mall at Prince George's	4/20/2026	6	6	6/6/2026	6/6/2026	5/6/2031	NAP	5	0
20	Loan		1	Rise Lakeview	6/5/2026	5	6	7/6/2026	NAP	6/6/2031	NAP	0	0
21	Loan	96, 97	2	Miami Ironside District II	9/16/2026	1	6	11/6/2026	NAP	10/6/2031	NAP	0	0
21.001	Property		1	7390, 7410, & 7500 NE 4th Court
21.002	Property		1	345 NE 80th Street
22	Loan	98	1	2270 Frederick Douglass Boulevard	6/15/2026	4	6	8/6/2026	NAP	7/6/2031	NAP	0	0
23	Loan	99, 100	1	Ashley Plaza	7/30/2026	3	6	9/6/2026	NAP	8/6/2031	NAP	0	0
24	Loan	101, 102	1	Lake Hickory	9/10/2026	2	6	10/6/2026	NAP	9/6/2031	NAP	0	0
25	Loan		1	Staybridge Suites - Pecos, TX	10/16/2026	0	6	12/6/2026	12/6/2026	11/6/2031	NAP	0	0
26	Loan	103, 104	1	StorQuest Self Storage - Stockton	9/30/2026	1	6	11/6/2026	NAP	10/6/2031	NAP	0	0
27	Loan	9, 105, 106, 107, 108, 109	1	HP Plaza	5/14/2026	5	6	7/6/2026	NAP	6/6/2031	NAP	0	0
28	Loan	110, 111, 112	1	7315-7321 North Atlantic Avenue	9/11/2026	1	6	11/6/2026	NAP	10/6/2031	NAP	0	0
29	Loan	113, 114	1	Evergreen Medical Office	9/17/2026	1	6	11/6/2026	NAP	10/6/2031	NAP	0	0
30	Loan	9, 115, 116, 117, 118, 119, 120, 121	1	Del Rey Campus	2/12/2026	8	6	4/6/2026	NAP	3/6/2031	NAP	0	0
31	Loan		1	My Garage Self Storage	8/18/2026	2	6	10/6/2026	NAP	9/6/2031	NAP	0	5
32	Loan	122, 123	4	Kayyem Retail Portfolio	10/6/2026	1	6	11/6/2026	NAP	10/6/2031	NAP	0	0
32.001	Property		1	CVS - Montevallo
32.002	Property		1	Giant Eagle - Punxsutawney
32.003	Property		1	Dollar Tree - Lebanon
32.004	Property		1	Dollar Tree - West Allis
33	Loan	124	1	Country View Farms MHC	8/7/2026	3	6	9/6/2026	NAP	8/6/2031	NAP	0	0
34	Loan	9, 125, 126, 127, 128, 129, 130, 131	1	400 Arcola Road	2/12/2026	8	6	4/6/2026	NAP	3/6/2031	NAP	0	0
35	Loan	132	1	Country Living MHC	8/7/2026	3	6	9/6/2026	NAP	8/6/2031	NAP	0	0
36	Loan		1	Oakwood MHC	8/7/2026	3	6	9/6/2026	NAP	8/6/2031	NAP	0	0
37	Loan	133	1	Maple Lawn Villages MHC	8/7/2026	3	6	9/6/2026	NAP	8/6/2031	NAP	0	0
38	Loan	134, 135	3	Evoke MHC 3 Pack	10/2/2026	1	6	11/6/2026	NAP	10/6/2031	NAP	0	0
38.001	Property		1	Aztec MHC
38.002	Property		1	Sycamore Court
38.003	Property		1	Elkhorn MHC
39	Loan	136, 137	1	359 West 39th Street	9/22/2026	1	6	11/6/2026	NAP	10/6/2031	NAP	0	0
40	Loan	138	1	1820 Loring Place	8/13/2026	2	6	10/6/2026	NAP	9/6/2031	NAP	0	0
41	Loan	139	1	Greentown Estates MHC	8/7/2026	3	6	9/6/2026	NAP	8/6/2031	NAP	0	0
42	Loan		1	Modern Estates MHC	8/7/2026	3	6	9/6/2026	NAP	8/6/2031	NAP	0	0
43	Loan		1	Evoke MHC Ohio	8/31/2026	2	6	10/6/2026	NAP	9/6/2031	NAP	0	0

Loan ID Number	Loan / Property Flag	Footnotes (for Loan and Property Information)	# of Properties	Property Name	Prepayment Provision	Most Recent EGI ($)	Most Recent Expenses ($)	Most Recent NOI ($)	Most Recent NOI Date	Most Recent Description	Second Most Recent EGI ($)	Second Most Recent Expenses ($)	Second Most Recent NOI ($)
					3
1	Loan	9, 10, 11, 12, 13, 14, 15, 16	1	Hall of the States	L(25),D(28),O(7)	41,871,372	26,012,234	15,859,138	5/31/2026	T-12	41,117,948	25,819,746	15,298,202
2	Loan	9, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26	7	Old Edwards Portfolio	L(26),D(30),O(4)	95,819,204	69,476,265	26,342,939	5/31/2026	T-12	93,596,902	70,851,167	22,745,736
2.001	Property		1	Old Edwards Inn		42,650,434	30,319,502	12,330,932	5/31/2026	T-12	42,240,242	31,041,906	11,198,337
2.002	Property		1	Old Edwards Reserve at Lake Keowee		23,649,519	18,649,421	5,000,098	5/31/2026	T-12	22,210,622	19,045,534	3,165,088
2.003	Property		1	Old Edwards Club		10,714,976	6,239,161	4,475,815	5/31/2026	T-12	9,922,557	6,067,115	3,855,442
2.004	Property		1	200 Main		4,491,149	2,504,273	1,986,876	5/31/2026	T-12	4,466,472	2,586,270	1,880,202
2.005	Property		1	Rivet House		6,734,966	5,023,987	1,710,979	5/31/2026	T-12	6,946,393	5,391,231	1,555,162
2.006	Property		1	Half Mile Farm		4,402,449	3,964,915	437,534	5/31/2026	T-12	4,331,479	3,868,177	463,301
2.007	Property		1	GlenCove Club		3,175,711	2,775,007	400,703	5/31/2026	T-12	3,479,137	2,850,933	628,204
3	Loan	9, 27, 28, 29	16	Compass Storage National Portfolio 2.0	L(26),D(27),O(7)	17,246,343	6,782,779	10,463,564	Various	T-12	17,261,217	6,693,443	10,567,775
3.001	Property		1	New Iberia		1,621,393	558,319	1,063,074	2/28/2026	T-12	1,614,758	551,236	1,063,521
3.002	Property		1	Ponte Vedra		1,635,141	608,138	1,027,003	6/30/2026	T-12	1,663,105	597,653	1,065,451
3.003	Property		1	Hastings-on-Hudson		1,543,420	559,333	984,088	2/28/2026	T-12	1,528,898	557,039	971,859
3.004	Property		1	Roseville		1,288,669	456,267	832,403	6/30/2026	T-12	1,294,634	438,774	855,861
3.005	Property		1	Neptune		1,224,575	490,838	733,737	6/30/2026	T-12	1,228,210	462,142	766,068
3.006	Property		1	Spring		1,176,423	480,718	695,706	6/30/2026	T-12	1,223,979	474,672	749,307
3.007	Property		1	Gainesville		1,036,221	450,722	585,500	3/31/2026	T-12	1,014,763	482,365	532,398
3.008	Property		1	Hudson Oaks		995,837	382,464	613,373	4/30/2026	T-12	997,198	382,093	615,105
3.009	Property		1	Marble Falls 2		909,055	284,384	624,671	4/30/2026	T-12	898,430	279,323	619,106
3.010	Property		1	Mulberry		1,207,724	575,287	632,437	1/31/2026	T-12	1,217,909	574,721	643,188
3.011	Property		1	Marble Falls 1		874,070	232,265	641,805	4/30/2026	T-12	879,273	228,513	650,760
3.012	Property		1	Sewickley		803,526	246,956	556,570	6/30/2026	T-12	789,441	240,087	549,355
3.013	Property		1	West Palm Beach 2		1,261,306	764,326	496,980	6/30/2026	T-12	1,266,937	747,827	519,110
3.014	Property		1	Acworth		640,750	292,887	347,862	6/30/2026	T-12	629,486	269,415	360,071
3.015	Property		1	Smyrna		548,050	209,102	338,948	6/30/2026	T-12	535,379	218,179	317,201
3.016	Property		1	Gonzales		480,182	190,775	289,407	2/28/2026	T-12	478,819	189,405	289,415
4	Loan	30, 31, 32	1	SoHo Centrale	L(11),YM1(42),O(7)	8,310,553	2,399,459	5,911,094	10/31/2026	T-12	8,992,456	2,373,441	6,619,014
5	Loan	9, 33, 34, 35, 36, 37, 38, 39, 40, 41, 42	1	Hamilton Place	L(29),D(24),O(7)	19,408,294	7,553,978	11,854,316	3/31/2026	T-12	19,167,416	7,670,997	11,496,419
6	Loan	43, 44, 45	1	University Park	L(28),D(25),O(7)	9,109,266	3,945,206	5,164,059	3/31/2026	T-12	8,608,927	3,913,293	4,695,634
7	Loan	46, 47, 48, 49	4	Hager NYC Portfolio	L(24),D(29),O(7)	2,814,677	1,117,284	1,697,393	6/30/2026	T-12	2,443,051	1,122,787	1,320,264
7.001	Property		1	444 West 48th Street		1,091,880	364,760	727,120	6/30/2026	T-12	982,759	370,013	612,746
7.002	Property		1	200 West 96th Street		704,198	301,818	402,380	6/30/2026	T-12	641,729	275,160	366,569
7.003	Property		1	753 9th Avenue		436,762	277,157	159,605	6/30/2026	T-12	397,419	291,133	106,286
7.004	Property		1	501 1/2 East 83rd Street		581,837	173,550	408,287	6/30/2026	T-12	421,145	186,481	234,663
8	Loan	9, 50, 51	1	20 West 47th Street	L(26),D(27),O(7)	11,493,902	4,381,718	7,112,184	6/30/2026	T-12	11,418,316	4,264,618	7,153,698
9	Loan	9, 52, 53, 54, 55, 56, 57, 58, 59, 60	1	One Penn Center	L(27),D(29),O(4)	17,941,962	8,043,168	9,898,794	6/30/2026	T-12	17,289,546	8,335,716	8,953,830
10	Loan	61	1	Holiday Inn Hasbrouck Heights	L(24),D(29),O(7)	9,610,990	6,793,279	2,817,711	9/30/2026	T-12	8,746,346	6,595,558	2,150,788
11	Loan	62, 63, 64, 65, 66, 67, 68, 69, 70	1	Kingsport Pavilion	L(26),D(27),O(7)	2,862,255	773,628	2,088,627	5/31/2026	T-12	2,622,049	642,943	1,979,105
12	Loan	71, 72, 73	1	2461 East 17th Street	L(25),D(32),O(3)	NAV	NAV	NAV	NAV	NAV	NAV	NAV	NAV
13	Loan	9, 74, 75, 76, 77, 78, 79	1	Queens Atrium	L(28),DorYM1(27),O(5)	16,389,102	6,424,323	9,964,779	12/31/2025	T-12	15,302,143	5,762,463	9,539,680
14	Loan	9, 80, 81	1	Westroads Mall	L(29),D(27),O(4)	19,401,953	6,154,958	13,246,995	3/31/2026	T-12	19,671,989	6,266,210	13,405,779
15	Loan	82, 83	1	Marriott Cincinnati Northeast	L(29),D(24),O(7)	10,950,524	7,902,596	3,047,928	6/30/2026	T-12	10,451,945	7,764,965	2,686,980
16	Loan	84, 85, 86, 87, 88	2	437 East 12th Street and 435 East 9th Street	L(26),D(27),O(7)	2,173,940	835,542	1,338,398	6/30/2026	T-3 Ann	NAV	NAV	NAV
16.001	Property		1	437 East 12th Street		1,747,928	614,858	1,133,070	6/30/2026	T-3 Ann	1,392,655	604,200	788,455
16.002	Property		1	435 East 9th Street		426,012	220,684	205,328	6/30/2026	T-3 Ann	NAV	NAV	NAV
17	Loan	89	1	Lake James	L(25),D(31),O(4)	2,465,000	894,899	1,570,101	7/31/2026	T-12	2,427,988	884,460	1,543,527
18	Loan	9, 90, 91, 92, 93	1	1351 Jerome	L(26),D(27),O(7)	NAV	NAV	NAV	NAV	NAV	NAV	NAV	NAV
19	Loan	9, 94, 95	1	Mall at Prince George's	L(30),DorYM1(24),O(6)	22,191,278	8,973,646	13,217,633	1/31/2026	T-12	22,263,481	8,955,522	13,307,959
20	Loan		1	Rise Lakeview	L(29),D(28),O(3)	1,688,804	614,259	1,074,545	3/31/2026	T-10 Ann	1,789,667	702,385	1,087,282
21	Loan	96, 97	2	Miami Ironside District II	L(25),YM1(28),O(7)	1,536,694	346,159	1,190,535	7/31/2026	T-12	1,436,348	338,676	1,097,672
21.001	Property		1	7390, 7410, & 7500 NE 4th Court		905,653	227,159	678,494	7/31/2026	T-12	867,895	221,733	646,162
21.002	Property		1	345 NE 80th Street		631,041	119,000	512,041	7/31/2026	T-12	568,453	116,944	451,509
22	Loan	98	1	2270 Frederick Douglass Boulevard	L(28),D(28),O(4)	1,770,814	627,828	1,142,987	4/30/2026	T-12	1,741,029	612,415	1,128,615
23	Loan	99, 100	1	Ashley Plaza	L(27),D(26),O(7)	1,871,053	540,917	1,330,136	5/31/2026	T-12	1,799,670	467,741	1,331,929
24	Loan	101, 102	1	Lake Hickory	L(26),D(30),O(4)	1,325,858	323,994	1,001,864	5/31/2026	T-12	1,311,224	382,760	928,464
25	Loan		1	Staybridge Suites - Pecos, TX	L(24),D(32),O(4)	4,721,329	2,483,403	2,237,926	8/31/2026	T-12	4,299,126	2,355,158	1,943,968
26	Loan	103, 104	1	StorQuest Self Storage - Stockton	L(23),YM1(30),O(7)	1,370,715	535,225	835,490	8/31/2026	T-12	1,363,986	537,907	826,080
27	Loan	9, 105, 106, 107, 108, 109	1	HP Plaza	L(11),YM1(42),O(7)	13,902,000	4,254,614	9,647,386	4/30/2026	T-12	14,410,449	4,336,730	10,073,720
28	Loan	110, 111, 112	1	7315-7321 North Atlantic Avenue	L(25),D(28),O(7)	NAV	NAV	NAV	NAV	NAV	NAV	NAV	NAV
29	Loan	113, 114	1	Evergreen Medical Office	L(25),D(32),O(3)	1,678,802	884,781	794,021	7/31/2026	T-12	1,723,347	922,604	800,744
30	Loan	9, 115, 116, 117, 118, 119, 120, 121	1	Del Rey Campus	L(23),YM1(30),O(7)	6,008,632	3,317,026	2,691,606	12/31/2025	T-12	8,507,908	2,910,086	5,597,822
31	Loan		1	My Garage Self Storage	L(26),D(27),O(7)	977,745	441,627	536,118	6/30/2026	T-12	901,294	417,079	484,215
32	Loan	122, 123	4	Kayyem Retail Portfolio	L(25),D(31),O(4)	NAV	NAV	NAV	NAV	NAV	NAV	NAV	NAV
32.001	Property		1	CVS - Montevallo		NAV	NAV	NAV	NAV	NAV	NAV	NAV	NAV
32.002	Property		1	Giant Eagle - Punxsutawney		NAV	NAV	NAV	NAV	NAV	NAV	NAV	NAV
32.003	Property		1	Dollar Tree - Lebanon		NAV	NAV	NAV	NAV	NAV	NAV	NAV	NAV
32.004	Property		1	Dollar Tree - West Allis		NAV	NAV	NAV	NAV	NAV	NAV	NAV	NAV
33	Loan	124	1	Country View Farms MHC	L(25),YM1(28),O(7)	708,649	297,321	411,328	5/31/2026	T-12	659,852	300,932	358,920
34	Loan	9, 125, 126, 127, 128, 129, 130, 131	1	400 Arcola Road	L(32),D(24),O(4)	NAV	NAV	NAV	NAV	NAV	NAV	NAV	NAV
35	Loan	132	1	Country Living MHC	L(25),YM1(28),O(7)	634,597	294,877	339,720	5/31/2026	T-12	606,707	296,857	309,850
36	Loan		1	Oakwood MHC	L(25),YM1(28),O(7)	589,758	326,730	263,028	5/31/2026	T-12	552,393	313,847	238,546
37	Loan	133	1	Maple Lawn Villages MHC	L(25),YM1(28),O(7)	555,625	319,147	236,478	5/31/2026	T-12	519,031	278,706	240,325
38	Loan	134, 135	3	Evoke MHC 3 Pack	L(24),YM1(32),O(4)	468,866	177,885	290,981	8/31/2026	T-12	NAV	NAV	NAV
38.001	Property		1	Aztec MHC		217,971	98,348	119,622	8/31/2026	T-12	NAV	NAV	NAV
38.002	Property		1	Sycamore Court		139,980	55,926	84,054	8/31/2026	T-12	NAV	NAV	NAV
38.003	Property		1	Elkhorn MHC		110,915	23,611	87,304	8/31/2026	T-12	NAV	NAV	NAV
39	Loan	136, 137	1	359 West 39th Street	L(25),D(28),O(7)	413,870	85,984	327,886	7/31/2026	T-12	417,174	93,151	324,024
40	Loan	138	1	1820 Loring Place	L(26),DorYM2(27),O(7)	NAV	NAV	NAV	NAV	NAV	NAV	NAV	NAV
41	Loan	139	1	Greentown Estates MHC	L(25),YM1(28),O(7)	461,493	259,817	201,676	5/31/2026	T-12	416,379	276,910	139,469
42	Loan		1	Modern Estates MHC	L(25),YM1(28),O(7)	695,934	602,392	93,542	5/31/2026	T-12	655,410	546,498	108,912
43	Loan		1	Evoke MHC Ohio	L(23),YM1(32),O(5)	306,613	88,120	218,493	6/30/2026	T-12	298,629	112,011	186,617

		FREE WRITING PROSPECTUS
		FILED PURSUANT TO RULE 433
		REGISTRATION FILE NO.: 333-286173-04

Footnotes to Annex A

(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) are calculated based on amortizing debt service payments (except for interest-only loans).

(5)	Leased Occupancy (%) includes tenants that have signed leases, but are not yet in occupancy or may not be paying rent.

(6)	The lease expirations shown are based on full lease terms; however, in some instances, the tenant may have the option to terminate its lease prior to the expiration date shown. In addition, in some instances, a tenant may have the right to assign its lease or sublease the leased premises and be released from its obligations under the lease. See “Description of the Mortgage Pool—Tenant Issues” in the preliminary prospectus for certain examples of the foregoing.

(7)	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.

(8)	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 or her 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.

(9)	The Cut-off Date Balance ($) reflects only the Mortgage Loan included in the Issuing Entity (which may be evidenced by one or more promissory notes); however, such Mortgage Loan is part of a whole loan comprised of such Mortgage Loan and one or more Pari Passu Companion Loan(s) and/or Subordinate Companion Loan(s) that are held outside the Issuing Entity, each of which is evidenced by one or more separate promissory notes. With respect to each such Mortgage Loan that is part of a whole loan, the Cut-off Date LTV Ratio (%), LTV Ratio at Maturity / ARD (%), Underwritten NCF DSCR (x), Underwritten NOI Debt Yield (%), Underwritten NCF Debt Yield (%) and Loan Per Unit ($) calculations include any related Pari Passu Companion Loan(s) but exclude any related Subordinate Companion Loan(s). See “Description of the Mortgage Pool—The Whole Loans” in the preliminary prospectus for additional information regarding the whole loan(s).

(10)	Defeasance of the Hall of the States Whole Loan is permitted at any time on and after the first payment date after the earlier to occur of (i) two years after the closing date of the securitization that includes the last note to be securitized or (ii) September 8, 2029. The assumed defeasance lockout period of 25 payments is based on the anticipated closing date of the Benchmark 2026-V24 securitization trust in November 2026. The actual defeasance lockout period may be longer.

(11)	On each monthly payment date following a collateral account deposit period, the borrower is required to deposit into a tenant improvement and leasing commission reserve account an amount equal to approximately $51,611.

(12)	On each monthly payment date following a collateral account deposit period, the borrower is required to deposit into a replacement reserve account an amount equal to approximately $12,903.

(13)	Following the occurrence of a critical tenant non-renewal trigger event, to the extent the date by which a critical tenant is required to give notice of renewal under its lease is less than 12 months prior to the current expiration date thereof, the borrower has the option, but not the obligation, in its sole discretion, to deposit with the lender, as of the date which is 12 months prior to the lease expiration, a cash deposit or a letter of credit in an amount equal to $4,075,996.75. Any such cash deposit or letter of credit will be held in a critical tenant account or by the lender, as applicable, and, to the extent timely made, a trigger period will not initially commence as a result of a critical tenant non-renewal trigger event. To the extent (x) the borrower fails to timely make the deposit described immediately above, (y) the borrower makes the deposit described immediately above but the applicable critical tenant fails to renew its lease as of the date required pursuant to its lease or (z) any other critical tenant trigger event occurs, a trigger period will immediately commence and excess cash flow will be required to be deposited in the critical tenant account in accordance with the terms of the Hall of the States Whole Loan documents, provided that to the extent the lockbox account and/or the cash management account has not yet been established as of any payment date, the borrower will be required to deposit into the critical tenant account, as of such payment date, all excess cash flow which would otherwise be deposited into an escrow account, as evidenced by the monthly operating statements delivered to the lender in accordance with the terms of the Hall of the States Whole Loan documents.

(14)	The increase from Most Recent NOI to Underwritten Net Operating Income is primarily attributable to the elimination of the annual ground lease obligation due to the acquisition of the Mortgaged Property.

(15)	A portion of the Mortgaged Property is master leased to a borrower affiliate, MEBAR HOS, LLC (the “Hall of the States Master Tenant”) pursuant to the terms of a master lease, effective as of January 1, 2012 (the “Hall of the States Master Lease”). The Hall of the States Master Tenant has subleased the entirety of the square footage under the Hall of the States Master Lease to various subtenants, which, as of July 2026, represents approximately 137,000 occupied square feet at the Mortgaged Property (approximately 22.1% of the net rentable area). The rent payable under the Hall of the States Master Lease is equal to the actual rent received, including base rent, additional rent, operating expenses, real estate taxes or other payments, from any sublease, license or other occupancy agreement for such leased premises. The Hall of the States Master Lease is scheduled to expire on December 31, 2032.

(16)	The largest tenant at the related Mortgaged Property, NBC News Channel, representing approximately 13.9% of the net rentable area at the Mortgaged Property, subleases approximately 23.7% of its space to Versant Media, LLC at an average monthly base rent of approximately $130,000 through the expiration of the sublease on September 30, 2028.

(17)	The Mortgaged Properties consist of four full-service hospitality assets and three golf course properties. The hospitality assets include: (i) the Old Edwards Inn Mortgaged Property, comprising 84 rooms and contributing approximately 47.3% of underwritten net cash flow ("UW NCF"); (ii) the Half Mile Farm Mortgaged Property, comprising 26 rooms and contributing approximately 1.2% of UW NCF; (iii) the 200 Main Mortgaged Property, comprising 69 rooms and contributing approximately 8.0% of UW NCF; and (iv) the Rivet House Mortgaged Property, comprising 50 rooms and contributing approximately 5.6% of UW NCF. The golf course properties include: (i) the Old Edwards Club Mortgaged Property, featuring an 18-hole golf course and contributing approximately 17.8% of UW NCF; (ii) the GlenCove Club Mortgaged Property, featuring a 12-hole golf course and contributing approximately 1.3% of UW NCF; and (iii) the Old Edwards Reserve at Lake Keowee Mortgaged Property, featuring an 18-hole golf course and contributing approximately 18.8% of UW NCF. Current Occupancy and all value-per-room metrics are based on the portfolio's aggregate room count of 229 rooms.

(18)	The “As Portfolio” Appraised Value of $277,000,000 as of May 27, 2026, represents the “As Is Appraised Value ($)” of $276,900,000 in addition to a 0.04% portfolio benefit. The “As Is Appraised Value ($)” is sum of the Appraised Values of: (i) the Rivet House Mortgaged Property’s appraised value of $18,200,000 as of May 27, 2026, (ii) the Old Edwards Reserve at Lake Keowee Mortgaged Property’s appraised value of $56,700,000 as of May 27, 2026, and (iii) the Old Edwards Inn, Half Mile Farm, 200 Main, Old Edwards Club, and GlenCove Club Mortgaged Properties’ cumulative Appraised Value of $202,000,000 as of May 15, 2026. The individual appraised values for the Old Edwards Inn, Half Mile Farm, 200 Main, Old Edwards Club, and GlenCove Club Mortgaged Properties were calculated by the lender based on cap rates to the respective underwritten net cash flow for each Mortgaged Property resulting in the following approximate rounded appraised values: (a) $143,862,140 for the Old Edwards Inn Mortgaged Property (7.50% cap rate), (b) $21,366,390 for the 200 Main Mortgaged Property (8.50% cap rate), (c) $3,265,800 for the Half Mile Farm Mortgaged Property (8.50% cap rate), (d) $31,267,440 for the Old Edwards Club Mortgaged Property (13.00% cap rate) and (e) $2,238,230 for the GlenCove Club Mortgaged Property (13.00% cap rate).

(19)	The Mortgage Loan permits the release of certain non-income-producing land parcels located within the Old Edwards Reserve at Lake Keowee Mortgaged Property. Such parcels are intended for future residential development and may be released subject to the terms and conditions set forth in the Mortgage Loan documents.

(20)	Historical financial information for the Mortgaged Properties prior to 2025 is not available. According to the borrower, the prior ownership group did not maintain financial records utilizing traditional hotel accounting practices and the operating results included collateral and non-collateral assets.

(21)	The Rivet House Mortgaged Property is subject to the Southern Mill Condominium regime, established pursuant to the Declaration of Condominium dated June 13, 2019. The Mortgaged Property represents a 19.86% undivided ownership interest in the condominium and is responsible for its proportionate share of common area expenses.

(22)	The sponsor manages six third-party-owned condominium units at the Old Edwards Inn Mortgaged Property located in downtown Highlands, North Carolina, known as "Oak Over Main." The condominium units are not part of the collateral but are marketed through the Old Edwards Inn reservation platform.

(23)	The sponsor manages two third-party-owned cabins located adjacent to the HalfMile Farm Mortgaged Property. The cabins are not part of the collateral but are marketed through the property's reservation platform.

(24)	The Old Edwards Club Mortgaged Property is located within the Highlands Cove residential community, which consists of approximately 287 homes. The residential properties are not part of the collateral.

(25)	The GlenCove Club Mortgaged Property is located within the GlenCove residential community, which consists of approximately 37 homes. The residential properties are not part of the collateral.

(26)	The Old Edwards Reserve at Lake Keowee Mortgaged Property is located within The Reserve residential community, which consisted of approximately 557 homes as of 2025. The sponsor also manages approximately 16 third-party-owned single-family homes within the community that participate in a rental pool program. The residential properties and rental pool homes are not part of the collateral.

(27)	Defeasance of the Compass Storage National Portfolio 2.0 Whole Loan is permitted at any time after the earlier to occur of (a) the end of the two-year period commencing on the closing date of the securitization of the last promissory note representing a portion of the Compass Storage National Portfolio 2.0 Whole Loan to be securitized and (b) August 19, 2030. The assumed defeasance lockout period of 26 payments is based on the anticipated closing date of the Benchmark 2026-V24 securitization in November 2026. The actual lockout period may be longer.

(28)	The borrowers have the right at any time (x) after the earlier of (a) the end of the two-year period commencing on the closing date of the last securitization involving any portion of the Compass Storage National Portfolio 2.0 Whole Loan and (b) August 19, 2030 and (y) prior to the monthly payment date in March 2031, to obtain the release of any one or more of the individual Mortgaged Properties, provided that, among other conditions, (i) the borrower has defeased the Mortgage Loan in an amount equal to the greater of 120% of the allocated loan amount of the released Mortgaged Property and the net sales proceeds of the released Mortgaged Property, (ii) after giving effect to the release, the debt yield with respect to the remaining Mortgaged Properties must be greater than the greater of (1) the debt yield of all the related Mortgaged Properties immediately prior to the release and (2) 9.31%, (iii) after giving effect to the release, the debt service coverage ratio with respect to the remaining Mortgaged Properties must be greater than the greater of (1) the debt service coverage ratio of all the related Mortgaged Properties immediately prior to the release and (2) 1.54x, (iv) after giving effect to the release, the loan-to-value ratio with respect to the remaining Mortgaged Properties must be no greater than the lesser of (1) the loan-to-value ratio with respect to all of the related Mortgaged Properties immediately prior to the release and (2) 62.71%, and (v) compliance with REMIC related conditions.

(29)	The increase from Fourth Most Recent NOI to Third Most Recent NOI is primarily attributable to including financial information for the Gonzales property and the subsequent increase from Third Most Recent NOI to Second Most Recent NOI can be attributed to including financial information for the New Iberia property.

(30)	The increase from Most Recent NOI to Underwritten Net Operating Income is primarily attributable to Fendi re-signing their lease through April 2039.

(31)	Historical cash flows from 2023 are not available as they were not collected by the lender.

(32)	The Mortgaged Property consists of three retail condominium units, which are each subject to condominium regimes in which such unit accounts for no greater than an undivided 21.41% interest in the related condominium. Accordingly, the borrowers do not control the condominiums.

(33)	On each payment date during the continuance of a trigger period, the borrower is required to deposit an amount equal to the aggregate amount of approved operating expenses and approved extraordinary expenses to be incurred by the borrower for the then current interest accrual period.

(34)	Upon the occurrence of an anchor trigger event, the borrower has the option, but is not required, to deposit with the lender a cash deposit or deliver to the lender a letter of credit in an aggregate amount equal to the applicable Anchor Threshold Amount (as defined below). To the extent such deposit is timely made or letter of credit is timely delivered to the lender, a trigger period will not commence as a result of the anchor trigger event and, to the extent such deposit is made or letter of credit is delivered to the lender following the commencement and during the existence of a trigger period resulting solely from an anchor trigger event, such trigger period will no longer be deemed to exist. If the borrower fails to timely make a deposit or deliver a letter of credit pursuant to the terms above, a trigger period will immediately commence. To the extent a trigger period occurs as a result of an anchor trigger event, the borrower is required to deposit into the anchor reserve account, all excess cash flow in the cash management account, provided, to the extent the cash management account has not yet been established as of any payment date following the commencement of the related trigger period, the borrower is required to deposit into the anchor reserve account, as of such payment date, all excess cash flow which would otherwise be deposited therein pursuant to the cash management agreement, as evidenced by the monthly or quarterly operating statements delivered to the lender in accordance with the terms of the Hamilton Place Whole Loan agreement.
	"Anchor Threshold Amount" means $50 times the applicable square footage determined as follows: (a) if (i) one or more of Belk East (aka Belk Women), Dillard's East (aka Dillard's Women) or Dillard's West (aka Dillard's Men) or any successor anchor who occupies a portion of the real property and related improvements of one or more of the foregoing anchors and the appurtenant interests therein (each, an "Anchor Space") is subject to an anchor trigger event but (ii) neither JCPenney nor any successor anchor who occupies a portion of the Anchor Space currently occupied by JCPenney is not subject to an anchor trigger event, the cumulative square footage of the Anchor Spaces which are subject to an ongoing anchor trigger event; (b) if (i) two (2) or more of Belk East (aka Belk Women), Dillard's East (aka Dillard's Women) or Dillard's West (aka Dillard's Men) or any successor Anchor who occupies a portion of the Anchor Space currently occupied by any of the foregoing anchors are subject to an anchor trigger event and (ii) JCPenney or any successor Anchor who occupies a portion of the Anchor Space currently occupied by JCPenney is also subject to an anchor trigger event, the cumulative square footage of all Anchor Spaces which are subject to an ongoing anchor trigger event less 157,799 square feet; and (c) if (i) only one of Belk East (aka Belk Women), Dillard's East (aka Dillard's Women), Dillard's West (aka Dillard's Men), or Belk West (aka Belk Men) or any successor anchor who occupies a portion of the Anchor Space currently occupied by any of the foregoing anchors is subject to an anchor trigger event and (ii) JCPenney or any successor Anchor who occupies a portion of the Anchor Space currently occupied by JCPenney is also subject to an anchor trigger event, 157,799 square feet.

(35)	The Whole Loan documents permit the borrower to obtain a release of a non-income producing portion of the Mortgaged Property in connection with a transfer to third parties or affiliates of the borrower without the payment of a release price provided that, among other conditions, the borrower satisfies customary REMIC requirements.

(36)	The borrower may acquire (the "Acquisition") the real property and related improvements of one or more anchors and the appurtenant interests therein (the "Additional Property"), and such Additional Property will be added as collateral of the Hamilton Place Whole Loan and subject to the related lien, provided certain condition precedents are satisfied, including: (a) the related anchor has vacated its leased premises on a permanent basis, on a date that is not within the period commencing 30 days prior to and terminating 30 days after the closing date of this securitization, and there is no credible evidence of a replacement party planning to take occupancy of such property; (b) the lender has obtained a rating agency confirmation with respect to the Acquisition; (c) the lender has received acceptable third party reports with respect to the Additional Property as reasonably required by the lender; and (d) the lender has received a REMIC opinion.

(37)	The cap for the Replacement Reserves excludes any portion of the initial deposit which is to be used exclusively to complete certain improvements to the roadways, landscaping, and other areas of the Mortgaged Property as described in the Hamilton Place Whole Loan documents.

(38)	A grace period of five days is permitted once per trailing 12-month period with respect to late fees.

(39)	The largest tenant at the Mortgaged Property, Barnes & Noble Booksellers, representing approximately 7.7% of the net rentable area at the Mortgaged Property, has an ongoing co-tenancy requirement that (i) at least 60% of the total leasable square footage at the related shopping center (excluding department stores) or (ii) no fewer than four of (a) Sears, JC Penney, Belk, Dillard's and their respective replacements that are full-line department stores of similar character and reputation, or better, and occupying all or substantially all of their respective premises in the shopping center and (b) any additional full-line department stores, each having premises of no less than 90,000 square feet of leasable square footage and each having a similar character and reputation, or better, as the department stores named in subclause (a) must be occupied and open for business. If a co-tenancy violation occurs for 12 consecutive months, Barnes & Noble Booksellers has the right to abate rent to an amount that is equal to 50% of the then current fixed rent. If at any time at least 50% of the total leasable square footage at the related shopping center (excluding department stores) are not occupied and open for business for at least 12 consecutive months, then Barnes & Noble Booksellers has the right to terminate its lease with prior written notice.

(40)	The second largest tenant at the Mortgaged Property, H&M, representing approximately 6.0% of the net rentable area at the Mortgaged Property, has an ongoing co-tenancy requirement that (i) JC Penney, (ii) at least four other named stores (e.g., Sears, Belk Women, Belk Men, Home & Kids, Dillard’s Women and Dillard’s Men, Kids & Home) (subject to replacement with a qualifying long-term replacement) and (iii) retailers having an aggregate of at least 80% of the total gross leasable area at the related shopping center (excluding the H&M premises, the stores named in subclauses (i) and (ii) and temporary tenants) must be open for business. If a co-tenancy violation occurs, H&M has the right to abate rent to an amount that is equal to 5% of all gross sales applicable to such period. If a co-tenancy violation continues for 365 continuous days, then H&M has the right to terminate its lease with prior written notice.

(41)	The fourth largest tenant at the Mortgaged Property, Shoe Department/Encore, representing approximately 2.9% of the net rentable area at the Mortgaged Property, has an ongoing co-tenancy requirement that (i) Dillard’s Women, (ii) at least two other named anchors (e.g., Dillard’s Men, Kids & Home, Belk Women, JC Penney, Belk Men, Home & Kids and Barnes & Noble Booksellers) (subject to replacement with a qualifying long-term replacement) and (iii) at least 65% of the aggregate of leasable square feet of all tenant space at the related shopping center (excluding the anchor stores named in subclauses (i) and (ii)) must be open for business. If a co-tenancy violation occurs, Shoe Department/Encore has the right to abate rent to an amount that is equal to the lesser of (x) the minimum annual rent and percentage rent or (y) a monthly percentage rent in the amount of 5% of all gross sales. If (a) a co-tenancy violation continues for 12 months with respect to subclauses (i) and (ii) above or (b) a co-tenancy violation continues for 6 months with respect to subclause (iii), then Shoe Department/Encore has the right to terminate its lease with prior written notice.

(42)	The fourth largest tenant at the Mortgaged Property, Shoe Department/Encore, representing approximately 2.9% of the net rentable area at the Mortgaged Property, has a one-time right to terminate its lease in the event the gross sales for the period of August 1, 2026 through July 31, 2027 do not meet or exceed $1,500,000 with 90 days’ prior written notice delivered to the borrower by September 29, 2027.

(43)	The Largest Tenant, US Government SSA, has the right to terminate its lease, in whole or in part, at any time after March 31, 2029, upon 180 days’ prior written notice.

(44)	The Third Largest Tenant, Apple, has the one-time right to terminate its lease with nine months’ prior written notice on September 1, 2027, subject to a termination fee equal to the unamortized balance of leasing commissions, rent abatement and tenant improvement allowances, at 8% interest compounded monthly.

(45)	The Fifth Largest Tenant, Zenith Insurance, has the one-time right to terminate its lease with nine months’ prior written notice on September 30, 2028, subject to a termination fee equal to the unamortized balance of leasing commissions and tenant improvements allowance on a straight-line basis over 78 months.

(46)	The Hager NYC Portfolio Properties are comprised of two multifamily properties and two mixed use (multifamily/retail) properties totaling 60 multifamily units which account for 71.6% of total effective gross income. In addition to the multifamily units, the Hager NYC Portfolio Properties contain approximately 5,651 square feet of retail space, which accounts for 28.4% of total effective gross income. As of September 1, 2026 the multifamily component was 93.3% leased and the retail component was 100.0% leased to six tenants. % of NRA shown on Annex A-1 for the commercial tenants is the percentage of commercial NRA.

(47)	The increase from the Most Recent NOI ($) to Underwritten Net Operating Income ($) is primarily attributable to lease up at the 753 9th Avenue property following its recent renovation in 2026.

(48)	The borrowers have the right at any time after the end of the two year period commencing on the Closing Date of the Benchmark 2026-V24 securitization, to obtain the release of any one or more of the individual Hager NYC Portfolio Properties, provided that, among other conditions, (i) the borrowers have defeased (or, on or after the monthly payment date occurring six months prior to the maturity date, prepaid) the Hager NYC Portfolio Mortgage Loan in an amount equal to 125% of the allocated loan amount of the released Hager NYC Portfolio Property, (ii) after giving effect to the release, the debt yield with respect to the remaining Hager NYC Portfolio Properties must be greater than the greater of (1) the debt yield of all the Hager NYC Portfolio Properties immediately prior to the release and (2) 8.41%, (iii) after giving effect to the release, the debt service coverage ratio with respect to the remaining Hager NYC Portfolio Properties must be greater than the greater of (1) the debt service coverage ratio of all the Hager NYC Portfolio Properties immediately prior to the release and (2) 1.21x, (iv) after giving effect to the release, the loan-to-value ratio with respect to the remaining Hager NYC Portfolio Properties must be no greater than the lesser of (1) the loan-to-value ratio with respect to all of the Hager NYC Portfolio Properties immediately prior to the release and (2) 71.85%, and (v) compliance with REMIC related conditions.

(49)	The loan documents provide that the borrowers may obtain the release from the lien of the Mortgage Loan of all or any portion of the borrowers’ unused development rights, air rights or unused floor area appurtenant to the 200 West 96th Street mortgaged property (collectively, “Hager West 96th Air Rights”), provided, that, among other conditions, (i) the Hager West 96th Air Rights to be released are sold or otherwise transferred in a bona fide third party transaction, (ii) simultaneously with the release, the borrowers must deposit with the lender an amount equal to 50% of the total gross purchase price payable for the Hager West 96th Air Rights to be held as additional collateral for the Hager NYC Portfolio Mortgage Loan, (iii) the transfer and any related zoning lot merger, development rights transfer, declaration of restrictions or other instrument must comply with all legal requirements and not render the related Mortgaged Property a non-conforming use or structure, and all requisite governmental approvals must have been obtained and be in full force and effect, (iv) the borrowers must submit to the lender a partial release of lien which will not impair or adversely affect the rights of the lender under the Mortgage Loan documents, (v) the borrowers, at their sole cost and expense: (x) must cause the Hager West 96th Air Rights to be designated as a separate tax lot (or lots) from the related Mortgaged Property in accordance with all applicable legal requirements, or, if after commercially reasonable efforts the borrowers cannot do so prior to or simultaneously with the release, they must deliver evidence reasonably satisfactory to the lender that the Hager West 96th Air Rights are separately assessed and taxed from the related Mortgaged Property, and (y) obtain and deliver to the lender, and cause to be recorded, a zoning lot development agreement and related zoning lot instruments acceptable to the lender and (vi) certain REMIC related conditions are satisfied.

(50)	The Mortgaged Property consists of 17,669 square feet of retail space (12.7% of NRA and 34.4% of underwritten base rent), 113,494 square feet of office space (81.6% of NRA and 63.1% of underwritten base rent), and 5,426 square feet of storage space (3.9% of NRA and 2.5% of underwritten base rent). Additionally, 2,489 square feet (1.8% of NRA) include a management office, a shared tenant amenity space, and a non-income generating storage space for which no rent is attributable.

(51)	With respect to the Mortgaged Property, 43 leases, representing 21.0% of underwritten base rent are month-to-month.

(52)	The Mortgage Loan is part of a Whole Loan that was originated by Wells Fargo Bank, National Association, a portion of which was subsequently acquired by AREF2.

(53)	Defeasance of the related Whole Loan is permitted at any time after the earlier to occur of (i) two years after the closing date of the securitization that includes the last note to be securitized and (ii) the fourth anniversary of the monthly payment date immediately following origination. The assumed defeasance lockout period of 27 payments is based on the anticipated closing date of the Benchmark 2026-V24 securitization trust in November 2026. The actual defeasance lockout period may be longer.

(54)	The Largest Tenant, Philadelphia Works, Inc., may terminate portions of its two leases at the Mortgaged Property based on a tiered structure if funding declines below 50% of its 2024 baseline (approximately $66.9 million, resulting in a trigger at approximately $33.5 million). Current funding is approximately $77.1 million. Should funding for Philadelphia Works Inc. fall to between 40 and 50% of 2024, it will have the option to vacate either the entire second floor or the entire thirteenth floor, but not both, and no partial floors can be vacated. Should funding fall to between 15 and 39%, Philadelphia Works Inc. will have the option to vacate either the entire second floor or the entire thirteenth floor, plus one half of the other floor. If funding falls below 15% of its 2024 baseline, Philadelphia Works Inc. will have the option to surrender its entire premises and terminate its leases. Exercising any eligible option will require written notice by November 1 of the prior year, together with a termination payment ranging from $480,000 (for termination on May 31, 2027) to $120,000 (May 31, 2030) for the second floor and from $2,110,000 (May 31, 2027) to $300,000 (May 31, 2035) for the thirteenth floor.

(55)	The Largest Tenant, Philadelphia Works, Inc., has 38,606 square feet of its premises expiring in December 2030 with no remaining renewal options and 37,125 square feet expiring in December 2035 with one, eight-year renewal option remaining.

(56)	The Second Largest Tenant, the United States Government, may terminate two of its leases, in whole or in part, (i) regarding its lease for 5,040 square feet, at any time after March 6, 2035, upon 120 days’ prior written notice and (ii) regarding its lease for 3,492 square feet, at any time upon 120 days' prior written notice.

(57)	The Second Largest Tenant, the United States Government, has (i) 44,765 square feet of its premises expiring in August 2035 with one, eight-year renewal option remaining, (ii) 5,040 square feet expiring in March 2037 and 3,492 square feet expiring in February 2027, each with no remaining renewal options.

(58)	The Third Largest Tenant, City of Philadelphia, occupies 50,000 square feet at the Mortgaged Property, 12,500 of which is subleased from Magee Rehabilitation, whose direct lease expires February 2030. The Philadelphia Municipal Authority has executed a direct lease for Magee Rehabilitation’s space commencing in 2030 upon Magee Rehabilitation’s lease expiration which will be subleased to City of Philadelphia. The other 37,500 square feet is subleased from the Philadelphia Municipal Authority. 23,978 square feet of that space is leased through February 12, 2041, while the remaining 13,522 square feet is leased through September 2038.

(59)	The Fourth Largest Tenant, Olin Partnership Ltd, has the one-time right to terminate its lease on May 31, 2032, upon 12 months’ prior written notice, subject to a termination fee of approximately $472,562 plus certain reimbursements.

(60)	The Fifth Largest Tenant, Bond Station House, LLC, has the one-time right to terminate its lease on October 31, 2027, upon 12 months’ prior written notice subject to a termination fee equal to the borrower sponsor’s unamortized transaction costs.

(61)	The borrower is required to deposit into an eligible account held by the lender or servicer on each monthly payment date, the FF&E Reserve Monthly Deposit, in an amount equal to the greater of (i) the FF&E Payment and (ii) the amount of the deposit (if any) then required by the franchisor on account of FF&E under the franchise agreement. The “FF&E Payment” means, with respect to the corresponding monthly payment date, an amount equal to 1/12th of 4% of the greater of (x) the gross revenues for the hotel related operations at the Mortgaged Property for the immediately preceding calendar year, as reasonably determined by the lender and (y) the projected annual gross revenues for the hotel related operations at the Mortgaged Property for the calendar year in which the applicable monthly payment date occurs as set forth in the annual budget. The initial monthly FF&E Payment was determined to be approximately $31,727.

(62)	The Appraised Value of $28,000,000 as of July 16, 2026 includes the $26,500,000 as-is valuation and $1,500,000 of excess land value related to the release parcel.

(63)	Third most recent historical financial information is not available because the Mortgaged Property was acquired by the borrowers in August 2026 in connection with this financing.

(64)	The Mortgaged Property is owned by the two tenants in common identified as (i) Core Kingsport LLC, a Delaware limited liability company, which owns a 74.8% undivided interest in the Mortgaged Property and (ii) Core Kingsport One LLC, a Delaware limited liability company, which owns a 25.2% undivided interest in the Mortgaged Property.

(65)	The borrowers have the right at any time after 30 days after the Closing Date to obtain the release of an unimproved, approximately 25-acre parcel that is part of the Mortgaged Property, provided that, among other conditions, (i) after giving effect to the release, the debt yield with respect to the remaining Mortgaged Property must be equal to or greater than the greater of (1) the debt yield of the remaining Mortgaged Property immediately prior to the release and (2) 10.82%, (ii) after giving effect to the release, the debt service coverage ratio with respect to the remaining Mortgaged Property must be equal to or greater than the greater of (1) the debt service coverage ratio of all of the Mortgaged Property immediately prior to the release and (2) 1.38x, (iii) (a) if the release occurs during the period prior to the first payment date following the second anniversary of the closing date of this securitization (the “Kingsport Pavilion Lockout Period”) or during the six months prior to the maturity date of the Kingsport Pavilion Mortgage Loan (the "Kingsport Pavilion Prepayment Period"), the borrower must partially prepay the Kingsport Pavilion Mortgage Loan in an amount equal to $1,113,750 and a yield maintenance premium and (b) if the release occurs after the Kingsport Pavilion Lockout Period and prior to the Kingsport Pavilion Prepayment Period, the borrower must complete a partial defeasance of a portion of the Kingsport Pavilion Mortgage Loan equal to $1,113,750, and (iv) compliance with REMIC related conditions, including, without limitation, the delivery of a REMIC opinion.

(66)	More than 20 individuals have direct or indirect ownership interests in the related borrower.

(67)	The largest tenant at the Mortgaged Property, Academy Sports + Outdoors, representing approximately 23.6% of the net rentable area at the Mortgaged Property, has an ongoing co-tenancy requirement that (i) at least 70% of the total leasable square footage of all buildings at the related shopping center (excluding the Academy Sports + Outdoors premises) is not actively occupied by retail tenants and (ii) Target and Kohl’s must be occupied and open for business. If a co-tenancy violation occurs, Academy Sports + Outdoors has the right to abate rent to an amount that is equal to

	50% of the then current fixed rent. If a co-tenancy violation continues for 6 consecutive months, then Academy Sports + Outdoors has the right to terminate its lease with prior written notice.

(68)	The second largest tenant at the Mortgaged Property, Michaels, representing approximately 11.3% of the net rentable area at the Mortgaged Property, has an ongoing co-tenancy requirement that (i) at least two of Dick’s, Books-A-Million or Old Navy (or a suitable replacement tenant) and (ii) Target and Kohl’s must be occupied and open for business. If a co-tenancy violation occurs, Michaels has the right to abate rent to an amount that is equal to 50% of the then current minimum rent. If a co-tenancy violation continues for 12 months, then Michaels has the right to terminate its lease with prior written notice.

(69)	The third largest tenant at the Mortgaged Property, Burlington, representing approximately 9.7% of the net rentable area at the Mortgaged Property, has an ongoing co-tenancy requirement that (i) Target and Kohl’s and (ii) at least 60% of the aggregate leasable square feet of all tenant space (other than the Burlington leased premises) at the related shopping center must be open for business. If a co-tenancy violation occurs, Burlington has the right to abate rent to an amount that is equal to 2% of all gross sales applicable to such period. If a co-tenancy violation continues for 12 consecutive full months, then Burlington has the right to terminate its lease with prior written notice.

(70)	The fourth largest tenant at the Mortgaged Property, Books-A-Million, representing approximately 8.1% of the net rentable area at the Mortgaged Property, has an ongoing co-tenancy requirement that (i) Target and Kohl’s, (ii) at least two national box tenants operating in at least 14,000 square feet of gross leasable space (including, Michaels, Dick’s, Old Navy, Best Buy, Bed Bath & Beyond or Petco), and (iii) at least 60% of the remining gross leasable area of the buildings at the related shopping center (excluding the Books-A-Million premises) must be open for business. If a co-tenancy violation occurs, Books-A-Million has the right to abate rent to an amount that is equal to 50% of the then current minimum rent. If a co-tenancy violation continues for 12 consecutive months, then Books-A-Million has the right to terminate its lease with prior written notice.

(71)	Historical financial information is not available as the 2461 East 17th Street property was completely re-tenanted in 2025 and 2026 and recently underwent renovations to prepare the 2461 East 17th Street property for occupancy.

(72)	USPS began paying rent in May 2025 with a lease term through May 2040. The tenant is currently in the process of renovating its space, with physical occupancy anticipated in January 2027. We cannot assure you that USPS will take occupancy as expected or at all.

(73)	MB Stores of Brooklyn LLC, doing business as Jembro (“Jembro”), executed a lease for 9,944 SF in July 2026 and took possession of the premises on August 27, 2026. The tenant is currently preparing its space and is expected to open for business in November 2026. The tenant has paid the first month's rent, and pursuant to the lease, months 2 through 5 of the initial lease term October 1, 2026 through January 31, 2027) are subject to free rent. Contractual rent payments are scheduled to resume on February 1, 2027.

(74)	The Mortgage Loan is part of a Whole Loan that was co-originated by 3650 Capital SCF LOE I(A), LLC and Bank of Montreal.

(75)	Third most recent historical financial information is not available as the prior loan secured by the Mortgaged Property was cross-collateralized with the loan secured by the adjacent sister 30 – 30 Thomson Ave Property in the prior CMBS deal. The borrower sponsor only began separating income statements for the two related properties starting in 2024.

(76)	The related borrower and non-recourse guarantor provided a payment guaranty for (i) any and all fees, costs, and other amounts necessary to cause the renewal of the skybridge between the Mortgaged Property and the 30-30 Thomson Ave Property and (ii) any shortfall deposit in the debt service reserve account required to bring the balance of funds in such account to the minimum

	deposit amount of $3,000,000. The borrower and non-recourse guarantor also have full recourse liability until the expired temporary certificate of occupancy for the Mortgaged Property is renewed and tenant estoppel certificates from each of the three tenants at the Mortgaged Property are delivered to the lender.

(77)	The Mortgaged Property benefits from a long-term real estate tax abatement program, the New York City Industrial & Commercial Incentive Program (“ICIP”), which has a 25-year term that commenced in the 2007/2008 tax year and is scheduled to expire in the 2031/2032 tax year. According to the appraisal obtained in connection with the origination of the Mortgage Loan, the ICIP provides for (i) a 100% exemption from real estate taxes attributable to increases in the assessed value of the Mortgaged Property for years 1 through 16 of the term of the ICIP and (ii) an exemption percentage decreasing by 10% per year in years 17 through 25 of the term of the ICIP. The ICIP benefit is expected to provide an abatement of $1,579,226 for the remainder of its term. According to the appraisal, estimated unabated real estate taxes for the Mortgaged Property in the 2026/2027 tax year (representing year 20 of the term of the ICIP) are $2,849,564 versus abated real estate taxes of $2,405,826. See “Description of the Mortgage Pool—Real Estate and Other Tax Considerations” in the preliminary prospectus.

(78)	An 8-story office building adjacent to the Mortgaged Property and located at 30-30 Thomson Avenue (the “30-30 Thomson Ave Property”) is owned by the borrower sponsor and is not part of the collateral for the Mortgage Loan. The Mortgaged Property and the adjacent building are connected by a skybridge and share an outdoor surface parking lot containing 212 parking spaces. Pursuant to the related loan documents, the borrower and borrower sponsor are prohibited from (i) leasing any space at the 30-30 Thomson Ave Property to any tenant leasing space at the Mortgaged Property, (ii) soliciting current tenants at the Mortgaged Property to relocate to the 30-30 Thomson Ave Property or (iii) in bad faith steering or directing any prospective tenant seeking to lease space at the Mortgaged Property to the 30-30 Thomson Ave Property.

(79)	The Mortgaged Property is connected via skybridge to the neighboring 30-30 Thomson Ave Property (non-collateral owned by an affiliate of the borrower). The skybridge is owned by the City of New York but the borrower is permitted to use to the skybridge pursuant to that certain Revocable Consent Agreement (the “SkyBridge Consent”), between the New York City Department of Transportation and the borrower. The borrower and the owner of the 30–30 Thomson Ave Property are responsible for all maintenance of the skybridge and are required to make annual payments to the City of New York for such use (the 2025-2026 payment was $42,979). Although the SkyBridge Consent expired on June 30, 2026, the borrower may continue to use the skybridge so long as the borrower continues to make its annual payments and maintain the skybridge. According to the related Mortgage Loan documents, the borrower has filed all documentation, performed all work and paid any fees, costs or other amounts necessary to obtain the renewal of the SkyBridge Consent and any remaining items required to renew the SkyBridge Consent are expected to be administrative in nature. The related borrower and non-recourse guarantor provided a payment guaranty for any fees, costs, expenses and other amounts arising out of or relating to the skybridge between the Mortgaged Property and the 30-30 Thomson Ave Property.

(80)	The Second Largest Tenant, AMC Westroads, has the right to terminate its lease at the Westroads Mall Mortgaged Property if its earnings before interest, taxes, amortization, depreciation and rent is negative in any full calendar year.

(81)	Concurrently with the origination of the related Whole Loan, Principle Life Insurance Company originated a mezzanine loan in the amount of $12,000,000 (the “Westroads Mall Mezzanine Loan”). The Westroads Mall Mezzanine Loan is secured by 100% of the direct equity interest in the borrower. The Westroads Mall Mezzanine Loan has a maturity date of June 1, 2031, five days prior to the maturity date of the Westroads Mall Mortgage Loan, and accrues interest at a rate of 10.00000% per annum.

(82)	If at any time during the term of the loan additional PIP work is required by the franchisor under the franchise agreement (and the anticipated cost of such PIP work was not already reserved for by the lender), the borrower shall deposit with lender, within 15 days after receipt of notice from the franchisor with respect to such PIP work, cash or a letter of credit in an amount equal to 100% of the estimated costs to complete such additional PIP work less the amount of FF&E reserve funds on deposit with lender in the FF&E reserve account and less any funds in the PIP reserve account, as reasonably determined by the lender.

(83)	More than 20 individuals have direct or indirect ownership interests in the related borrower.

(84)	Historical financial information prior to the T-3 Ann. as of June 30, 2026 are not available for the portfolio or for the 435 East 9th Street Property, as the 435 East 9th Street property was recently acquired in March 2026.

(85)	The increase from the Most Recent NOI ($) to Underwritten Net Operating Income ($) is primarily attributable to the lease-up of the properties following acquisition, as well as the leasing of the commercial space at 435 East 9th Street to a new tenant in 2026.

(86)	Following the date that is two years after the Closing Date, the borrower has the right to obtain the release of either individual Mortgaged Property, upon the defeasance of a release price equal to 120% of the allocated loan amount of such Mortgaged Property and satisfaction of the following conditions, among others: (i) after giving effect to the partial release, the debt service coverage ratio of the remaining Mortgaged Property will be greater than the greater of (x) the debt service coverage ratio immediately prior to the partial release and (y) 1.45x, (ii) after giving effect to the partial release, the debt yield of the remaining Mortgaged Property will be greater than the greater of (x) the debt yield immediately prior to the partial release and (y) 9.25%, (iii) after giving effect to the partial release, the loan to value ratio of the remaining Mortgaged Property will be no greater than the lesser of (x) the loan to value ratio immediately prior to the partial release and (y) 60.00%, and (iv) satisfaction of REMIC related requirements.

(87)	The loan documents provide that the lender may not unreasonably withhold consent to a transfer by the borrowers and the release from the lien of the Mortgage Loan of the borrowers’ unused development rights, air rights or transferable development rights appurtenant to or associated with either or both of the Mortgaged Properties (collectively, “Air Rights”), provided, that, among other conditions, (i) the Air Rights to be released are in excess to the needs of the existing improvements, the transfer must not adversely impair or affect the existing improvements, violate any applicable zoning or other laws affecting the applicable Mortgaged Property, prevent borrower from restoring the improvements to their current condition in the event of a casualty, or reduce the remaining floor area ratio, lot coverage or other zoning capacity of the applicable Mortgaged Property below that which is needed to maintain the existing improvements as a legal conforming use or preexisting legal non-conforming use, (ii) the release and transfer of the Air Rights will not have a material adverse effect on the remainder of the applicable Mortgaged Property, and (iii) certain REMIC related conditions are satisfied.

(88)	The 437 East 12th Street property is comprised of 36 residential units, accounting for 71.9% of underwritten effective gross income for the portfolio and 2 commercial units accounting for 5.6% of underwritten effective gross income for the portfolio. The 435 East 9th Street property is comprised of 13 residential units accounting for 16.9% of underwritten effective gross income for the portfolio and 2 commercial units accounting for 5.6% of underwritten effective gross income for the portfolio.

(89)	The borrower may acquire a leasehold interest in a 147-slip marina (representing approximately 24.7% of the underwritten net cash flow) pursuant to an anticipated assignment of a submerged land lease between the seller of the Mortgaged Property (the “Lake James Seller”), as lessee, and Duke Energy Carolinas, LLC (“Duke”), as lessor (with Duke, in turn, holding its interest in the marina as a licensee pursuant to an order made by the Federal Energy Regulatory Commission, as licensor) that expires in November 2055 (co-terminus with the expiration of Duke’s license). If the borrower

	acquires such leasehold interest, then the leasehold interest will become collateral for the Mortgage Loan. The submerged land lease generally does not provide for standard lender protections. Notwithstanding anything to the contrary in the foregoing, although the Lake James Seller sold its leasehold interest in the marina (together with the fee interest in the remaining portion of the Mortgaged Property) to the borrower pursuant to the related purchase and sale agreement (and the lender obtained a security interest in any of the borrower’s rights thereunder pursuant to an assignment of agreements obtained in connection with the origination of the Mortgage Loan), the Lake James Seller is unable to assign the submerged land lease without the consent of related lessor, Duke Carolinas, LLC, which has not been obtained. The Mortgage Loan documents require the borrower to (i) promptly and expeditiously deliver to the lender, and cause to be recorded, an assignment of the submerged land lease consented to by Duke, (ii) deliver to the lender, and cause to be recorded, an amendment to the security instrument and UCC financing statement spreading the lien of the Mortgage Loan to the related leasehold estate, and (iii) deliver to the lender an endorsement to the title insurance policy insuring the leasehold estate.

(90)	The Mortgage Loan is part of a Whole Loan that was co-originated by GSBI and AREF2.

(91)	Historical financial information is unavailable due to the property not being completed until 2025 and TCO not being received until May 2026.

(92)	The Mortgaged Property is in the third year of a 35-year 421-a tax abatement. Such abatement provides for a 100% abatement in the first 25 years, and an abatement based on the percentage of affordable apartments (99.6%) in the remaining 10 years. According to the appraisal, for the 2026/2027 tax year, the unabated taxes would have been $1,931,020 and the abated taxes are $43,616. The Mortgage Loan was underwritten based on estimated abated taxes of $43,013.

(93)	A cash management period will occur on September 6, 2030, if (i) the debt yield is less than 10.5% on May 1, 2030, and (ii) the borrower does not deposit cash or a letter of credit with the lender in an amount equal to approximately $4,939,785 prior to September 6, 2030.

(94)	Voluntary prepayment of the Mall at Prince George’s Whole Loan, in whole, but not in part, is permitted via either defeasance or yield maintenance on any business day on and after the earlier to occur of (i) two years after the closing date of the securitization that includes the last note to be securitized and (ii) June 6, 2029; provided that if such prepayment is made prior to December 6, 2030, then the borrower is required to pay a yield maintenance premium equal to no less than 1% of the outstanding Whole Loan balance. The assumed defeasance lockout period of 30 payments is based on the anticipated closing date of the Benchmark 2026-V24 securitization trust in November 2026. The actual defeasance lockout period may be longer.

(95)	The Mortgage Loan documents permit the related borrower to obtain the release of any non-income producing outparcels at any time, provided that any such release includes, among other things, (i) the payment of a $15,000 processing fee and (ii) the satisfaction of customary REMIC requirements, including delivery by the borrower of a REMIC opinion.

(96)	The borrower has the right to obtain the release of the 345 NE 80th Street Mortgaged Property (the “Miami Ironside Release Property”) upon the prepayment of a release price equal to the greater of (1) 120% of the allocated loan amount and (2) the net sales proceeds applicable to the Miami Ironside Release Property and satisfaction of the following conditions, among others: (i) after giving effect to such release, the debt service coverage ratio with respect to the remaining Mortgaged Properties is no less than the greater of (x) the debt service coverage ratio immediately prior to the partial release and (y) the debt service coverage ratio at origination; (ii) after giving effect to such release, the loan to value ratio with respect to the remaining Mortgaged Properties is no greater than the lesser of (x) the loan to value ratio immediately prior to the partial release and (y) the loan to value ratio at origination; (iii) after giving effect to such release, the debt yield with respect to the remaining Mortgaged Properties is no less than the greater of (x) the debt yield immediately prior to the partial release and (y) the debt yield at origination; and (iv) certain REMIC related conditions are satisfied.

(97)	The lease for Lang-Schwander, the largest tenant, occupying 11.4% of the total net rentable area at the Mortgaged Properties, permits either such tenant or the landlord to terminate such lease at any time with six months’ advance written notice.

(98)	The Mortgaged Property benefits from a 15-year 421-a tax abatement, pursuant to which all of the units are rent stabilized. The 421-a tax abatement program provides for (i) a 100% real estate tax exemption during the first 11 years, (ii) an 80% real estate tax exemption in year 12, (iii) a 60% real estate tax exemption in year 13, (iv) a 40% real estate tax exemption in year 14 and (v) a 20% real estate tax exemption in year 15. The Mortgaged Property is currently in year 15 of the 421-a tax abatement program. The 421-a tax abatement is scheduled to expire on June 30, 2027, at which time the Mortgaged Property will become fully taxable and all units may be converted to free market rent, provided that the required 421-a deregulation documentation was included in the applicable tenants’ leasing packages. A review of the deregulation documentation indicated that 25 units (approximately 61% of the units at the Mortgaged Property) did not include the required 421-a deregulation notice in their subsequent renewal packages. As a result, if such tenants remain in occupancy at the time the 421-a tax abatement expires, those units will remain rent stabilized until they become vacant. The estimated abated real estate taxes for the 2026/2027 tax year are $349,930, compared to the underwritten unabated real estate taxes of $435,881. The Mortgage Loan will become full recourse to the borrower and guarantors upon the occurrence of any past, present or future violation under the 421-a tax abatement program or any applicable rent regulations, or upon the imposition of any fees, penalties or taxes, including any recapture or reinstatement thereof, arising from any such violation or failure to comply with the 421-a tax abatement program or any applicable rent regulations.

(99)	The borrower will make ongoing monthly deposits for approved leasing expenses in the amount of (i) from the first monthly payment date through and including the payment date in January 2029, approximately $10,241 and (ii) from the payment date in February 2029 and thereafter, approximately $13,654, at all times subject to a cap of $450,000.

(100)	If the Fifth Largest Tenant, Citi Trends, has gross sales less than $1,400,000 in the third year of the initial term or the third year of any option term, it may terminate its lease upon 30 days’ prior written notice within 60 days of the end of that third year. If Citi Trends terminates its lease in the initial term, it must also pay a termination fee equal to the unamortized construction allowance.

(101)	The Fourth Most Recent cash flows are not available as the sponsor acquired the property in 2023.

(102)	The Mortgage Loan is secured in part by the borrower’s leasehold interest in a 68-slip marina (representing approximately 0.6% of the underwritten net cash flow) pursuant to a recorded submerged land lease between the borrower, as lessee, and Duke Energy Carolinas, LLC, as lessor (with Duke Energy, LLC, in turn, holding its interest in the marina as a licensee pursuant to an order made by the Federal Energy Regulatory Commission, as licensor) that expires in November 2055 (co-terminus with the expiration of Duke Energy, LLC’s license). The submerged land lease generally does not provide for standard lender protections.

(103)	Prepayment of the StorQuest Self Storage - Stockton Whole Loan in whole, but not in part, is permitted on or after October 6, 2028; provided that if the prepayment occurs prior to April 6, 2031, the borrower is required to pay a yield maintenance premium equal to no less than 1% of the principal amount of the outstanding StorQuest Self Storage - Stockton Whole Loan.

(104)	During the continuance of a trigger period, the borrower is required to remit to the lender, for deposit into the Capital Expenditure Account, an amount of $654.79 per month.

(105)	Prepayment of the HP Plaza Whole Loan in whole, but not in part, is permitted on or after June 6, 2027; provided that if the prepayment occurs prior to December 6, 2030, the borrower is required to

	pay a yield maintenance premium equal to no less than 1% of the principal amount of the outstanding HP Plaza Whole Loan.

(106)	Pursuant to various agreements between the borrower and the related master tenant (the “Purchase Option Agreements”), the borrower has granted the master tenant the option to purchase the related Mortgaged Property on and after the monthly rent payment date in June 2027, upon written notice and payment of the unpaid acquisition cost ($87,000,000), all unpaid rent due and other amounts then payable under the master lease, and a yield maintenance premium, if then applicable. In addition, under the Purchase Option Agreements, the master tenant has granted the borrower the option to require the master tenant to purchase the related Mortgaged Property, upon written notice of an event of default under HP Plaza master lease, in each case for an amount equal to the unpaid acquisition cost ($87,000,000), all unpaid rent due and other amounts then payable under the master lease, and a yield maintenance premium, if then applicable. The master tenant also has a purchase option to purchase the related Mortgaged Property, and the borrower has an option to require the master tenant to purchase the related Mortgaged Property, if the Mortgaged Property is damaged or destroyed in a casualty or taken in a condemnation to such a degree that it is completely unusable, generally for consideration equal to the foregoing price, but excluding the yield maintenance premium. Additionally, the sole tenant at the Mortgaged Property, HP, Inc., has a right of first offer to purchase the Mortgaged Property or any portion thereof; provided that such right of first offer will not apply to a foreclosure or deed-in-lieu thereof or to any person or entity taking title by foreclosure or a deed-in-lieu thereof and to the first sale following a foreclosure or acceptance of a deed-in-lieu thereof.

(107)	The Mortgaged Property benefits from a tax incentive established under a Tax Limitation Agreement (“HP Plaza TLA”) and related Escrow Agreement (“HP Plaza EA”), pursuant to which the obligor (Springwoods Realty, Inc.) makes annual payments to the borrower as beneficiary. These payments are funded through two escrow accounts (“Escrow A” and “Escrow B”) maintained by an independent escrow trustee at Bank of America. As of December 31, 2025, Escrow A and Escrow B held balances of approximately $897,000 and $1.56 million, respectively, providing a combined balance of approximately $2.46 million, or roughly 11.5 years of coverage based on the 2025 HP Plaza TLA payment obligation of $213,192. The escrow structure includes replenishment and default protections including that if Escrow A is depleted, Escrow B serves as a backstop, and the obligor is required to replenish Escrow A with an amount equal to the projected HP Plaza TLA payments for the subsequent five-year period. Failure to replenish escrow funds or cure a HP Plaza TLA default triggers the release of all remaining escrowed funds to the beneficiary. The HP Plaza TLA is expected to remain in effect through 2036, subject to certain limited early termination events, and all obligations survive until full payment of amounts due under the HP Plaza TLA. The borrower has the right to assign its interests under the HP Plaza TLA and HP Plaza EA to future owners and lenders without obligor consent. The borrower has collaterally assigned its rights under the HP Plaza TLA and HP Plaza EA to the lender such that the lender succeeds to the borrower’s rights to the tax incentive payments and associated escrow protections in the event of a foreclosure or deed-in-lieu of foreclosure.

(108)	In the event that borrower receives a fee, payment or other compensation from any tenant relating to or in exchange for the termination of such tenant’s lease (a “Lease Termination Fee”) borrower shall promptly deposit such Lease Termination Fee with lender, to be utilized for tenant improvements and leasing commissions that may be incurred with respect to the space relating to such Lease Termination Fee.

(109)	The master tenant is required to pay monthly rent in an amount equal to interest at the rate of 7.01000% per annum (which is the weighted average interest rate on the related Whole Loan as of the origination date) on the outstanding Acquisition Cost (as defined below) for the period ending immediately prior to the monthly rent payment date, calculated on an Actual/360 basis, and on the final rent payment date (which is June 6, 2031, the same date as the whole loan maturity date), any unpaid Acquisition Cost. “Acquisition Cost” means $87,000,000 (which is the original principal amount of the related whole loan). In addition, the master tenant is required to fund real estate taxes,

	pay insurance costs and perform or cause to be performed structural maintenance on the Mortgaged Property. The master lease provides that it is subject and subordinate to the Whole Loan.

(110)	Historical financial information is not available as renovations on the Mortgaged Property were completed in 2025.

(111)	During a cash management period, if and to the extent the amount contained in the TI/LC Account, excluding any amounts attributable to Termination Proceeds, is less than $143,034, the borrower is required to remit to the lender, for deposit into the TI/LC Account, an amount of $5,959.75 per month.

(112)	During a cash management period, if and to the extent the amount contained in the Capital Expenditure Account is less than $35,758.50, the borrower is required to remit to the lender, for deposit into the Capital Expenditure Account, an amount of $1,489.94 per month.

(113)	The Fourth Largest Tenant, Morlin Asset Management, is an affiliate of the borrower.

(114)	The borrowers own all of the Mortgaged Property as tenants-in-common.

(115)	Prepayment of the Del Rey Campus Whole Loan is permitted at any time on and after the first payment date following the second anniversary of the origination date, provided, if the Mortgaged Property is being sold to an entity which is under the ownership control of Electronic Arts, the lockout period will mean the period from the origination date to but excluding the first payment date following the sixth month anniversary of the origination date.

(116)	The borrower will have the option, but not the obligation, in its sole discretion, within ten business days of receipt of notice from the lender of the occurrence of a DSCR trigger event or any time thereafter during the existence of a trigger period resulting from a DSCR trigger event, to either (i) deposit with the lender a cash deposit or deliver to the lender a letter of credit in an aggregate amount equal to the excess cash flow deposit amount (i.e., $1,409,285.28) (taking into account funds on deposit in the excess cash flow account) or (ii) to commence making monthly deposits equal to 1/12th of the excess cash flow deposit amount (i.e., $117,440.44) with the first monthly deposit to be made on or prior to the ten business day time period described above or as of the date the borrower choose to end any related trigger period (each monthly deposit, an "Excess Cash Flow Monthly Deposit").

(117)	The Appraised Value of $132,500,000 reflects the “As Stabilized” value as of January 14, 2027. The “As Is” Appraised Value of the Mortgaged Property as of January 14, 2026 is $124,000,000.

(118)	The Largest Tenant, Electronics Arts, leasing approximately 57.5% of the net rentable area at the related Mortgaged Property, is not yet in occupancy of approximately 37.7% of its space (the “EA Expansion Space”) pending the completion of the related buildout (with an anticipated physical occupancy date in October 2026). We cannot assure you that Electronic Arts will take occupancy of the EA Expansion Space as expected or at all.

(119)	The Second Largest Tenant, Continental Development, leasing approximately 17.5% of the net rentable area at the related Mortgaged Property, is not yet in occupancy of its space pending the completion of the related buildout (with an anticipated physical occupancy date in October 2026). We cannot assure you that Continental Development will take occupancy of its space as expected or at all.

(120)	The Second Largest Tenant, Continental Development, representing approximately 21.3% of the underwritten rent at the related Mortgaged Property, is the related borrower sponsor and non-recourse carve-out guarantor under the Mortgage Loan.

(121)	The Third Largest Tenant, Association of Surfing Professionals, LLC (World Surf League), leasing approximately 6.8% of the net rentable area at the related Mortgaged Property, has taken occupancy of its space but is entitled to a 50% abatement of base rent through March 31, 2027.

(122)	The historical cash flows are not available as they are not required by the lender because each of the related Mortgaged Properties are single tenant properties subject to net leases with the related tenant where the related borrower did not provide the lender with historical financial information.

(123)	The Dollar Tree - Lebanon Mortgaged Property is subject to a ground lease between one of the related borrowers, Continuum Properties Owner SPE, LLC, as the lessee, and the City of Lebanon as the lessor. The ground lease has an expiration date of July 31, 2029 and a remaining nine, five-year extension options. The current annual ground rent is $4,563.

(124)	The borrowers own the Mortgaged Property as tenants-in-common.

(125)	At the time of acquisition, the 1,853,053 SF Arcola Campus was approximately 86.6% triple net leased to Dow Chemical Company (927,828 SF expiring 12/31/2028) and Wyeth Pharmaceuticals (a wholly owned subsidiary of Pfizer, 677,311 SF expiring 8/15/2028), with 247,914 SF of vacant office space. The broader campus consists of 14 buildings and spans approximately 1.9 million SF.

(126)	The defeasance lockout period will be at least 32 payment dates beginning with and including the first payment date on April 6, 2026. Defeasance of the 400 Arcola Road Whole Loan is permitted after the date that is the earlier of (i) two years from the closing date of the securitization that includes the last pari passu note to be securitized and (ii) February 12, 2029. The assumed lockout period of 32 payments is based on the closing date of the Benchmark 2026-V24 securitization in November 2026. The actual defeasance lockout period may be longer.

(127)	Historical financial information was not provided by the borrower because of the new condominium structure and because the Mortgaged Property is a single tenant property subject to a double-net, triple-net or absolute-net lease with the related tenant.

(128)	During a trigger period, the borrower is required to make ongoing deposits into the TI/LC reserve in an amount equal to $132,772.17 per month.

(129)	During a trigger period, the borrower is required to make ongoing deposits into the replacement reserve in an amount equal to $13,277.22 per month.

(130)	During a Tax Increase Period (as defined below), the lender will maintain an eligible account (the “Tax Increase Reserve Account”) (which may be a book-entry subaccount) for the purpose of reserving amounts anticipated to be required. On each payment date during a Tax Increase Period, the borrower is required to remit to the lender, for deposit into the Tax Increase Reserve Account, an amount equal 1/12 of an amount, as reasonably determined by the lender as of such date of determination, that, if applied to the then-principal indebtedness, would result in a debt yield of 8.5% (the "Tax Increase Amount"). Upon the conclusion of a Tax Increase Period and payment of all costs and expenses in respect thereof, provided no event of default or trigger period is then continuing, any amounts then remaining in the Tax Increase Reserve Account must promptly be remitted to the borrower and the Tax Increase Reserve Account will no longer be maintained. The “Tax Increase Period” means any period that commences upon a determination, whether by settlement with Dow Chemical Company or by final judgment from a court of competent jurisdiction, that requires the borrower to make any payment of property taxes that are not subject to be reimbursed by Dow Chemical Company under the Dow Chemical Company lease and concludes upon the earlier of (i) the date on which Dow Chemical Company tenant reimburses the borrower for 100% of the property taxes due and owing and (ii) the entry into a written agreement with the Dow Chemical Company tenant pursuant to which the Dow Chemical Company tenant agrees to reimburse the borrower for or to pay directly any and all property taxes due and owing from and after the date of such agreement.

(131)	The Mortgaged Property is secured by the borrower's fee simple interest in four of 12 condominium units (Unit NAB, Unit South Building, Unit North Building and Unit Research Building) in a mixed-use, life science, research and development campus. The other eight condominium units are owned by separate borrower affiliate entities. The condominium board is currently comprised such that board members for each unit vote in proportion to their undivided percent interest in the common elements, so the borrower's board members have a 43.15% voting stake in the condominium regime. The borrower has two members on the board and, as such, the borrower does not control the board. No other unit owner has a percentage interest in the condominium sufficient to establish control thereunder, but all unit owners were affiliated with the borrower as of the origination of the Mortgage Loan.

(132)	The borrowers own the Mortgaged Property as tenants-in-common.

(133)	The borrowers own the Mortgaged Property as tenants-in-common.

(134)	Historical financial information prior to the trailing twelve months ended August 31, 2026 is not available because the Elkhorn MHC property was acquired in June 2025.

(135)	The Appraised Value reflects the “as-portfolio” appraised value of $6,960,000 as of August 24, 2026, which includes a portfolio premium of approximately 1.8% based on the assumption that the Evoke MHC 3-Pack properties are sold together as a portfolio on a bulk basis. The aggregate “as-is” value of the Evoke MHC 3-Pack properties according to appraisals dated between August 24, 2026 and September 25, 2026 without a portfolio premium is $6,840,000, which equates to a Cut-off Date LTV Ratio (%) and LTV Ratio at Maturity / ARD (%) of 58.8%.

(136)	The Mortgaged Property consists of 1,550 square feet of retail space accounting for approximately 54.50% of underwritten base rent and 2,700 square feet of multifamily space across three units accounting for approximately 45.50% of underwritten base rent.

(137)	The largest commercial tenant at the Mortgaged Property (accounting for approximately 28.24% of the total net rentable area and 77.42% of the commercial net rentable area at the Mortgaged Property), is owned by individuals who collectively own 15% of the Mortgaged Property.

(138)	Historical financial information is unavailable, as the borrower sponsor recently acquired the property in April 2026.

(139)	The borrowers own the Mortgaged Property as tenants-in-common.