BMARK 2018-B1 - Charts and Resources

Subject is a $940,000,000 note that is secured by a senior lien against a 47-story, 1,596,521 square foot, Class A multi-tenant office property located at 825 Eight Avenue in New York City. Note is due for the February 6, 2025 payment and matures on Nove mber 6, 2027. Collateral also includes 252,107 square feet of amenity space (restaurant and retail tenants). Capital stack includes mezzanine debt. The Cravath law firm lease expired on August 31, 2024 and the tenant vacated the collateral at said time . The Borrower does not have a replacement tenant. The loss of this tenant causes operating shortfalls for the September 2024 and subsequent waterfalls. Note was transferred to the special servicer on September 13, 2024 due to imminent default. Nomur a, a current tenant, has an early termination option date on July 1, 2025. Legal counsel has been engaged and a PNA agreement has been executed. Modification terms have been proposed and accepted by the Borrower. Default notices were sent to the mezza nine lenders and they have not responded within the required 30-day window. Loan was therefore modified to utilize loan reserves to fund shortfalls in the monthly operating expense and debt service waterfall through the secured debt. Returning loan to t he Master Servicer.

Title Date: 7/5/24 Property Description: The property represents the retail component of a mixed-use high-rise development located at 1114-1126 Lake Street in Oak Park, Cook County, Illinois. The 0.80-acre site is along the northern side of Lake Street ju st east of Harlem Avenue. The property was constructed in 2006 and include 63,010 square feet of gross leasable area. Leasing Summary: Fitness Formula Club occupies 47,074 square feet of space on floors one through three with a base lease through May 20 27. There are five additional ground-level retail spaces that are currently vacant. The leasing agent on the property has been switched as of September 2024. The new leasing company is currently marketing the vacancies. Negotiating a new lease with a cre dit tenant for 3,516 SF. The subject occupancy rate is 74.7% Marketing Summary: The property is not currently listed for sale but is being marketed for lease.

Subject is a $940,000,000 note that is secured by a senior lien against a 47-story, 1,596,521 square foot, Class A multi-tenant office property located at 825 Eight Avenue in New York City. Note is due for the February 6, 2025 payment and matures on Nove mber 6, 2027. Collateral also includes 252,107 square feet of amenity space (restaurant and retail tenants). Capital stack includes mezzanine debt. The Cravath law firm lease expired on August 31, 2024 and the tenant vacated the collateral at said time . The Borrower does not have a replacement tenant. The loss of this tenant causes operating shortfalls for the September 2024 and subsequent waterfalls. Note was transferred to the special servicer on September 13, 2024 due to imminent default. Nomur a, a current tenant, has an early termination option date on July 1, 2025. Legal counsel has been engaged and a PNA agreement has been executed. Modification terms have been proposed and accepted by the Borrower. Default notices were sent to the mezza nine lenders and they have not responded within the required 30-day window. Loan was therefore modified to utilize loan reserves to fund shortfalls in the monthly operating expense and debt service waterfall through the secured debt. Returning loan to t he Master Servicer.

Loan originally transferred to Midland, as Special Servicer, on 11/12/20 due to Delinquent Payments as Borrower failed to make the payment due for 9/6/20. Notice of Default was sent on 12/7/20. Loan was accelerated on 7/23/21. Collateral consists of a gro und floor retail condominium unit within the property known as the Atrium Condominium located in the Greenwich Village neighborhood of New York City. The Atrium Condominium is an 11-story building containing 196 residential units built in 1910 with the re tail portion containing 27,541 NRSF. Local counsel was retained to file for foreclosure and/or receivership. Foreclosure was filed on 11/5/21. In June 2022, Borrower stipulated to the foreclosure judgment and the appointment of a receiver. A receiver (Co lliers) was appointed on 9/21/22 and the foreclosure judgment was entered on 9/23/22. The foreclosure sale was previously scheduled for 4/19/23, but was postponed to explore a note sale strategy. In order to obtain a new foreclosure sale date, Lender had to file an amended foreclosure complaint and subsequent motion for summary judgment, which was filed on 9/8/23. On 5/17/24, the court issued a decision granting Lender's motion for summary judgment and then awarded the judgment of foreclosure and sale on 8/28/24. Foreclosure was completed in February 2025.

Loan transferred to Special Servicing effective 2/24/25 due to imminent default. Hello Letter was noticed and PNA has been executed. Collateral consists of a 65 mixed service hotels, totaling 6,366 keys. Loan is paid through 2/1/2025. Servicer is

Subject is a $940,000,000 note that is secured by a senior lien against a 47-story, 1,596,521 square foot, Class A multi-tenant office property located at 825 Eight Avenue in New York City. Note is due for the February 6, 2025 payment and matures on Nove mber 6, 2027. Collateral also includes 252,107 square feet of amenity space (restaurant and retail tenants). Capital stack includes mezzanine debt. The Cravath law firm lease expired on August 31, 2024 and the tenant vacated the collateral at said time . The Borrower does not have a replacement tenant. The loss of this tenant causes operating shortfalls for the September 2024 and subsequent waterfalls. Note was transferred to the special servicer on September 13, 2024 due to imminent default. Nomur a, a current tenant, has an early termination option date on July 1, 2025. Legal counsel has been engaged and a PNA agreement has been executed. Modification terms have been proposed and accepted by the Borrower. Default notices were sent to the mezza nine lenders and they have not responded within the required 30-day window. Loan was therefore modified to utilize loan reserves to fund shortfalls in the monthly operating expense and debt service waterfall through the secured debt. Returning loan to t he Master Servicer.