BMARK 2018-B1

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 6/1/2026. A Modification Agreement was signed on 9/25/2025 which provides for the expedited sale of underperforming assets along with modifications to certain release provisions, cash-management terms and other terms to improve funding towards operations at remaining portfolio. As of 5/31/2026, twenty-nine (29) collateral assets have been released for a cumulative paydown of $172.2MM.

Subject is a $940,000,000 note that is secured by a senior lien against a 49-story, 1,825,058 square foot, Class A multi-tenant office property located at 825 Eight Avenue in New York City. Collateral also includes 254,554 square feet of amenity space (restaurant, retail, theater and parking garage). Capital stack includes mezzanine debt. The mezzanine debt was reportedly sold to an investor who accelerated the balance due and scheduled a UCC sale for January 15, 2026. Waterfall was insufficient to pay the January 2026 tax bill and the December 2025 note payment. Demand for these payments was made but Borrower has not responded to date. Lender accelerated the subject note and filed for foreclosure. A receiver was appointed and is in possession of the col lateral. Changing the property manager at Lenders election. Request was filed with the Court to expand the Receiver's powers and hire essential consultants and lawyers.

Loan transferred on 7/21/25 for Imminent Default. Collateral consists of a ~432K SF office building ("Property") in Jersey City, NJ. The largest tenant, Lord Abbett (261K SF, 60% of NRA), vacated on 12/31/24. With Lord Abbett's departure, there is an estimated operating shortfall of ~$7MM for 2025. Borrower would no longer fund shortfalls and wanted to hand back the Property as soon as possible. Property reported YE2025 NOI of $434K and occupancy of ~38%, as of 12/31/25. Notice of Default was sent on 8/21 /25. Loan was accelerated on 8/28/25. Local counsel was retained to file for foreclosure and receivership. Foreclosure was filed on 9/24/25, and Receiver (Colliers) was appointed on 11/5/25. The motion for final judgment was filed on 2/25/26, and the final judgment was entered on 3/30/26. Lender is evaluating the loan for a potential note sale. Lender will continue to dual track the foreclosure process while assessing other workout alternatives.

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 just 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 SF across the first three floors. There are five additional ground-floor retail s paces, all currently vacant. A new lease has been executed for 5,987 SF, and two additional leases are currently under negotiation. Marketing Summary: The property is not currently listed for sale but is being

Subject is a $940,000,000 note that is secured by a senior lien against a 49-story, 1,825,058 square foot, Class A multi-tenant office property located at 825 Eight Avenue in New York City. Collateral also includes 254,554 square feet of amenity space (restaurant, retail, theater and parking garage). Capital stack includes mezzanine debt. The mezzanine debt was reportedly sold to an investor who accelerated the balance due and scheduled a UCC sale for January 15, 2026. Waterfall was insufficient to pay the January 2026 tax bill and the December 2025 note payment. Demand for these payments was made but Borrower has not responded to date. Lender accelerated the subject note and filed for foreclosure. A receiver was appointed and is in possession of the col lateral. Changing the property manager at Lenders election. Request was filed with the Court to expand the Receiver's powers and hire essential consultants and lawyers.

plex consisting of four primary office buildings and ground-floor retail, located in the Valencia Town Center master-planned community in Santa Clarita, California. The property serves as the corporate headquarters for Princess Cruise Lines, which occupies approximately 79% of the net rentable area and is backed by a Carnival Corporation guarantee. Property is 85% occupied and will fall to 47% 4/26 when Princess downsizes its premise. Lender is discussing plans with Borrower.

REO Title Date: February 21, 2025. Description of Collateral: The subject property is a retail condominium unit located at 156-168 Bleecker Street in New York, New York. More specially, the property is located on the southern blockfront of Bleeker Street between Sullivan Street and Thompson Street, within the Greenwich Village neighborhood of Manhattan. The subject commercial unit consists of 27,541 SF of net rentable area, with 14,706 SF of ground floor level space and 12,835 square feet of selling basement space. It is currently configured as seven retail units and one residential unit (a fair market 2-bedroom apartment). Currently three of the retail units are occupied while the remaining four units are vacant. The residential unit is vacant and cannot be occupied without being renovated. Current occupancy is 80.1%. Crossed with or is a Companion Loan to: N/A. Deferred Maintenance/Repair Issues: Generally in Good condition. Leasing Summary: Recently finalized a renewal with CVS. Evaluating LOI for end-cap. Colliers has been appointed as PM/easing agent. Marketing Summary: Asset is listed for sale with Marcus & Millichap/Mission Capital. Buyer has been selected. Closing is