💬 Servicer Commentary
2026-05-28
Prospectus ID: 25A7
5/11/2026 - Borrower filed chapter 11 bankruptcy on June 26, 2024. Borrower and Lender came to an agreement on a court-approved plan to sell all collateral. Lender was the successful bidder at the 363 Sale on September 25, 2025. On November 12, 2025, the transfer of title to all the Properties in the Portfolio was completed and the Portfolio is now REO. Updates regarding the wind-down of the litigation will be provided as they become available. Sale strategies are being explored while railroad contract ex tensions are being negotiated. Special Servicer has completed some deferred maintenance and addressed brand standard deficiencies. T12 average 2/2026 KPI''s - 114.8% occ index, 98.6% ADR index,
💬 Servicer Commentary
2026-05-28
Prospectus ID: 1A6
5/11/2026 - In November 2025, Special Servicer closed on a Modification Agreement curing the defaults of both our senior mortgage loan and of the four subordinate mezzanines. Next step is Return to Master Servicer. Remaining RTMS requirements include cu ring certain liens on the Property, approval of the late-submitted 2026 budget, and formalizing a change of management company which is pending RAC and documentation. As of 4/23/26, the majority of the liens have been cured, RAC approval is in process, a nd the 2026 budget is in late stages of approval. Consequently, RTMS target is 6/30/26.
💬 Servicer Commentary
2026-05-28
Prospectus ID: 1A17
5/11/2026 - In November 2025, Special Servicer closed on a Modification Agreement curing the defaults of both our senior mortgage loan and of the four subordinate mezzanines. Next step is Return to Master Servicer. Remaining RTMS requirements include cu ring certain liens on the Property, approval of the late-submitted 2026 budget, and formalizing a change of management company which is pending RAC and documentation. As of 4/23/26, the majority of the liens have been cured, RAC approval is in process, a nd the 2026 budget is in late stages of approval. Consequently, RTMS target is 6/30/26.
💬 Servicer Commentary
2026-05-28
Prospectus ID: 1A7
5/11/2026 - In November 2025, Special Servicer closed on a Modification Agreement curing the defaults of both our senior mortgage loan and of the four subordinate mezzanines. Next step is Return to Master Servicer. Remaining RTMS requirements include cu ring certain liens on the Property, approval of the late-submitted 2026 budget, and formalizing a change of management company which is pending RAC and documentation. As of 4/23/26, the majority of the liens have been cured, RAC approval is in process, a nd the 2026 budget is in late stages of approval. Consequently, RTMS target is 6/30/26.
💬 Servicer Commentary
2026-05-28
Portfolio (3 Office properties)
Tiffany Mortellite
Prospectus ID: 27
5/11/2026 - Receiver has been in place, and a foreclosure date was set. Borrower exercised two 30-day adjournments of the foreclosure action and ultimately filed for CH 11 bankruptcy on 10/23/2025. The bankruptcy plan requires a sale or refinance of all properties by 06/01/2026. JLL is currently marketing the properties for sale.
💬 Servicer Commentary
2026-05-28
Prospectus ID: 1A14
5/11/2026 - In November 2025, Special Servicer closed on a Modification Agreement curing the defaults of both our senior mortgage loan and of the four subordinate mezzanines. Next step is Return to Master Servicer. Remaining RTMS requirements include cu ring certain liens on the Property, approval of the late-submitted 2026 budget, and formalizing a change of management company which is pending RAC and documentation. As of 4/23/26, the majority of the liens have been cured, RAC approval is in process, a nd the 2026 budget is in late stages of approval. Consequently, RTMS target is 6/30/26.
💬 Servicer Commentary
2026-05-28
Prospectus ID: 1A13
5/11/2026 - In November 2025, Special Servicer closed on a Modification Agreement curing the defaults of both our senior mortgage loan and of the four subordinate mezzanines. Next step is Return to Master Servicer. Remaining RTMS requirements include cu ring certain liens on the Property, approval of the late-submitted 2026 budget, and formalizing a change of management company which is pending RAC and documentation. As of 4/23/26, the majority of the liens have been cured, RAC approval is in process, a nd the 2026 budget is in late stages of approval. Consequently, RTMS target is 6/30/26.