BMARK 2019-B10 - Charts and Resources

Loan transferred to special servicing effective 3/11/24. The loan is in default and remains past due for the February 2024 payment. An executed PNA is in place. The receiver was appointed at the property, effective 10/17/24, and is diligently addressing the the various condition issues at the property. SS obtained Lender's approval to allow the receiver to conduct repairs on units that have minor condition issues as it continues to evaluate all options in an effort to maximize recover y on the Loan. The work is expected to be completed by mid-June. Effective 6/28/24, the parties entered into a 90-day forbearance through 9/30/24 to forbear from any

Loan transferred for Imminent Default on 9/18/24. Collateral consists of a 667,446 NRSF, Class A commercial condominium unit (0Property0), which is comprised of office on floors 14 through 41 (638K SF) and ground floor retail (26K SF) within a 42-story, 888,295 SF Class A office building on a 46,740 SF site. Floors 2 through 11 are a separate, non-collateral condominium unit that is currently occupied by Murray Hill Academy. Loan is currently due for 6/6/25. Borrower initially requested a modification to reduce the interest rate for two years, defer the repayment of these amounts to Maturity, and change the priority of the Cash Management waterfall, but has now withdrawn this request. Local counsel has been retained to file for foreclosure and/or receivership, if necessary. Lender is dual tracking the foreclosure process while monitoring the status of the Property.

Asset transferred to special servicing, effective November 20, 2024, due to Non-monetary Default. Lender and Borrower entered into a forbearance and reinstatement agreement. Recently, Borrower's loan assumption request was approved by Lender and SS is working with Borrower and buyer on documenting the transaction. Lender and Borrower entered into a forbearance and reinstatement agreement that is structured to resolve the ongoing defaults as well as

Loan transferred to special servicing effective 3/3/25, due to Payment Default (all payments excluding Balloon/Maturity). Adequate funds were collected through the lockbox to satisfy debt service and have been applied to bring the loan current. The loan is performing and due for the June payment. Special Servicer processing a consent matter and positioning the loan for a return to master.

Loan transferred to Special Servicing on 07/7/2023 due to payment default. Borrower consented to the appointment of a receiver and the receivership was granted on 11.3.23. The receiver has engaged a local third-party leasing and property management company. Special Servicer is dual tracking the DPO offer from Borrower with a non-judicial foreclosure of the property.

Newmark was engaged to market the REO property through a traditional sales process. After receiving significant interest and multiple offers, a purchase and sale agreement has been fully negotiated with a prospective third-party