BMARK 2018-B4 - Charts and Resources

The loan transferred to Special Servicing effective 9/6/2024 for imminent monetary default. The subject is a 691,705 SF complex located in Durham, NC. The complex consists of 10 buildings that were built between 1985 and 1988. A September 2024 site inspec tion found the asset in good overall condition. The occupancy as of January 2024 is 62%. The December 2024 T-12 NOI DSCR based on the Borrower's unaudited financials was 1.08x. A draft budget for 2025 for all 10 buildings was also received, andit projecte d a YE 2025 DSCR of less than 1.0x. The Lender is in discussions with Borrower about a loan modification. Terms have not been reached between Lender and Borrower at this time. The special servicer continues to run the payment waterfall asoutlined in the l oan documents. As of 4/28/25, the Borrower has to funded payment shortfalls, and the loan remains current and due for the May payment.

The loan transferred to Special Servicing effective 9/10/2024 for imminent non monetary default. The subject is a 1,156,393 SF suburban office complex comprised of five office buildings located in Westchester, IL, built in 1986 and renovated in 2016. As o f April 2025, the subject is 57.6% leased, down from 64.9% leased in February 2025. This is compared to YE 2023 and YE 2022 leased occupancies of 67.1% and 71.3%, respectively. The decrease in occupancy from February is due to the Property's largest tenan t signing an amendment to reduce their footprint by nearly 65%, while extending the term on their remaining premises by 7.5 years. A site inspection was completed in November and noted the Property is in good condition with no observed deferred maintenanc e. One of three pari passu loans. Discussions with the Borrower regarding a potential loan modification are ongoing.