COMM 2014-UBS3 – Deal Overview & Connected Data

The Loan was transferred to the Special Servicer on 4/17/2024 due to imminent default as the Borrower notified the Lender they would not be able to pay the Loan off at the upcoming Loan Maturity on 6/6/24. The collateral consists of a 32-story, 688K SF office building known as Equitable Plaza. The Property was built/reno in 1970/1993 and consists of 638K SF office (93%), 35K SF retail (5%), & 15K SF storage (2%).The Property is located in Los Angeles, CA, in the Mid- . Top tenants include Commonwealth Business Bank (5% NRA; 11/24 LXP), Ethos Society (3% NRA; 4/28 LXP), and National Immigration Law Center (2% NRA; 3/26 LXP). As of YE2023, the annualized NOI/DSCR/Occ. at the Property was $7.5MM/1.28x/57%. The Prope rty is 57% leased as of 9/30/24. The Borrower is seeking an extension of the maturity date, discussions between Lender and Borrower are on-going. The Lender will continue discussions with the Borrower and dual track foreclosure/receivership proceedin gs until a resolution is reached. Loan transferred for Imminent default on 2/14/24 after Borrower indicated that they would be unable to refinance at maturity (5/6/24). The loan is secured by a 5-building office complex totaling 2.15MM sf in Southfield, MI. The property is 75% occupi ed and had a Borrower reported YTD NOI of $15.96MM as of 10/31/24. Borrower has been unsuccessful in its attempts to secure take out financing and has notified the Lender that it will be unable to pay off the loan prior to the 5/6/24 ash Management is in-place. Borrower has engaged Ironhound as the workout advisor. A modification is being documented and anticipated to close in January 2025. REO Title Date:1/4/2023: The collateral is a 21-story Class B office building built in 1972 and renovated in 2006 and 2013, located in Cleveland, OH CBD. The building is situated on a 1.09 acre site and includes an attached 7-story garage with As of 12/30/24, the building is approx. 61% occupied. Crossed with or is companion: N.A Replaceing fire panels throughout building.Pending evaluation. Leasing: Leasing Agent in discussions with seve ral existing tenants about renewals. Marketing: The Property is not being marketed for sale. REO Title Date: 5/14/2024. DESCRIPTION OF COLLATERAL: The property is a three-story, 85,000 SF suburban office building located at 235 North Executive Drive, Brookfield, WI. The improvements were constructed in 1980 and are situated e. The building is part of the larger Executive Drive Office Park. Property has 440 parking spaces (5.14/1,000 SF). The property is currently 17.65% occupied. CROOSED WITH OR IS A COMPANION LOAN: N/A. DEFERRED ger is reviewing status of the property. LEASING SUMMARY: There have been no new leases to date. MARKETING SUMMARY: Asset is listed for sale with Transwestern.