BMARK 2022-B34 - Charts and Resources

The Loan transferred to the Special Servicer on 6/6/23 due to 4/6/23 payment default. The Loan is secured by Arlington Green Executive Plaza, a 62,835 SF multi-tenant office building in Arlington Heights, IL, built in 1984 and Renovated in 1996. Tenants include various medical practices, such as a psychiatry clinic, urology clinic, and dental practice, and are reportedly 77% occupied as of February 2023. Loan proceeds of $9MM ($143/SF) were to facilitate the acquisition of the asset fora purchase price of $14.4MM ($229/SF). Notice(s) of Default were sent to Borrower and Demand for Financial Reporting, as current financials are pending. In furtherance of the Lender’s Notice of Trigger Period dated 6/8/23, a Demand to Deposit Revenue into the Restricted Account to Establish CMA was issued demanding compliance. A motion for appointment of Receiver was granted by the court on 10/23/23 in favor of Lender. The Receiver is currently overseeing the asset. Foreclosure Judgment was entered by the  court on 11/19/24. A foreclosure sale occurred on 2/26/25 and Plaintiff was the successful bidder. The court will require a confirmation of sale hearing to occur by end of March / early April. Once the sale is confirmed, the confirmation order will direct an issuance of a deed. The Special Servicer will gather additional information and simultaneously discuss workout strategies deemed appropriate to achieve the highest net