BMARK 2018-B7 - Charts and Resources

The Loan transferred to SS on 8/9/2023 for imminent default due to cash flow issues. At the time of transfer, Borrower was not in compliance with the requirements set forth in the Cash Management Agreement and Deposit Account. A Notice of Default and Reservation of Rights were sent to Borrower on 7/11/2023. On 8/29/23, a Receiver was appointed over Borrower pursuant to the entry of an Emergency Motion for Appointment of Receiver filed in favor of Plaintiffs (Lien claimants: Circle City Outdoors, Dream Construction, Indy Asphalt, and Styner LLC). The collateral consists of a 279K SF anchored retail strip center located in Indianapolis, IN built from 1983 to 1985, and renovated in 2005. The center sits on a 30.35-acre site and is adjacent to Castleton Square Mall. The top three tenants include Floor and Decor (72K SF/25% NRA), Dave & Buster's (35K SF/12.5% NRA), and REI (11.9K SF/4% NRA). Of note, the prior T-2/Haverty Furniture (47K SF/17% NRA) vacated at LXP on 10/31/22. As of 6/30/23, the Annualized NOI/DSCR/Occ. at the Property is $2.86MM/1.04x/75.8%. Lender has filed foreclosure in state court and is currently trapping all cash flow from the Property. Order of Agreed Entry of Rents Receiver & Agreed Judgment of Foreclosure has been entered, and a foreclosure sale has been scheduled to occur in early June. The Special Servicer will gather additional info and simultaneously discuss workout strategies deemed appropriate to achieve the highest net present value recovery.

07/05/2025: Loan transferred to Special Servicing on 12/01/22. Collateral is a 641k sf office and industrial portfolio in NJ. Loan transferred for non-monetary defaults. Lender is pursuing all legal remedies as well as continuing to

3/13/2025 Loan transferred on 1/17/25 for Imminent Default due to cash flow issues. Collateral consists of a single-story office development (""Property"") located in Fresno, CA. Built in 1975 and renovated in 2018, Property consists of 71,407 NRS F across three buildings occupied by two State of California agencies: 1) California Department of Justice (35,400 SF); 2) California State Water Resources Control Board (20,783 SF). Loan is due for the 2/6/25 payment. Notice of Default was sent on 2/10/2 5. Local counsel has been retained to file for foreclosure and/or receivership, if necessary. Lender will dual track the foreclosure process while discussing workout alternatives with Borrower.