3650 REIT Loan Servicing - Special Servicer

6/11/2025 - The loan recently transferred to Special Servicing due to payment default resulting from limited cashflow and the borrower has expressed an inability to fund future shortfalls. The Borrower requested a Loan Modification and special servicer is evaluating strategies to maximize the recovery to the trust while maintaining ongoing discussions with borrower.

6/11/2025 - The loan transferred to special servicing due to imminent default due to the property''s total loss in the Palisades Fire. The borrower requested a loan restructure and special servicer is evaluating all strategies to maximize the

6/11/2025 - Special Servicer executed a loan modification in May 2025 and is monitoring the loan''s performance for potential return to master servicer.

6/11/2025 - The loan transferred to special servicing due to a borrower-declared imminent monetary default. Borrower has signed a pre-negotiation letter and submitted a loan modification request, however, no terms have been agreed upon. A receiver was app ointed to manage the property on 9/21/2023. Receiver engaged an affiliate to market the property for sale and a call for offers occurred on 11/22/2024, however, no acceptable offers were submitted. Lender is evaluating the loan and collateral in order to determine next steps as the receiver continues to operate the property.

6/11/2025 - The loan transferred to Special Servicing due to a monetary payment default. A pre-negotiation agreement was executed and special servicer engaged third-party due diligence reports and is in active discussions with the Borrower while ev aluating all potential strategies to maximize the recovery to the trust.

6/11/2025 - The loan transferred to Special Servicing due to the borrower incurring additional non-permitted indebtedness in the form of three second liens. Special Servicer issued a notice of default and a purchase option notice to the mezzanine l ender. As a result of the notice of default, the borrower provided satisfactory lien releases and entered into a settlement agreement. The special servicer will monitor the loan's performance for potential return to the master servicer.

6/11/2025 - The Borrower executed a reinstatement agreement to bring the loan current and funded a newly established debt service shortfall reserve for future projected shortfalls. Special Servicer will monitor the loan''s performance for potential

2/11/2025 - The loan was transferred to Special Servicing due to the appointment of an entity receiver on 10/27/23. The entity receiver was appointed on a second property in the State of Indiana (Entity Receiver is now on two of the fourteen properties in the portfolio). SEC receiver has been appointed on the remaining portfolio and other assets owned by ArciTerra Companies, LLC and its related affiliates. An Agreement of Use of Rents During Receivership was executed and was extended through Q3 2024 which enabled the Borrower to remain current for the interest and escrow amounts due through September 2024. The Loan Modification to extend the interest-only period through June 2025 was executed in Q4 2024 and is in the process of being onboarded by the Master Servicer in order to post interest-only payments.

2/11/2025 - The loan was transferred to special servicing due to an imminent default. Mezzanine Lender successfully exercised remedies through a UCC Foreclosure on June 28, 2024. Borrower submitted amended modification terms and

2/11/2025 - The loan recently transferred to Special Servicing due to payment default and is evaluating strategies while discussing with borrower.